Analysis of Corporate Governance Policies of Myer Ltd

Running head: FINANCIAL ACCOUNTING
Financial Accounting
Name of the Student:
Name of the University:
Author’s Note

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FINANCIAL ACCOUNTING
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Amendments in Corporate Governance Principles and Recommendations................................2
Analysis of Corporate Governance Policies of Myer Ltd...........................................................4
Decision Regarding Expanding the Operations of the Business.................................................5
Conclusion.......................................................................................................................................6
Reference.........................................................................................................................................7

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FINANCIAL ACCOUNTING
Introduction
The main purpose of the assessment is to analyze the business of Myers Holdings Ltd in
order to ensure that the company follows effective corporate governance framework and also has
a sustainable approach for conducting the operations of the business. Myers Holding ltd is
considered to be one of the largest departmental stores which is operating in Australia and has a
widespread store business across the country. The assessment deals with the changes and
revisions which are brought about by Corporate Governance Principles and Recommendations
(Fourth edition). In addition to this, the principle changes are also followed by appropriate
recommendation to support so that businesses can improve the corporate governance framework
(Siagian, Siregar & Rahadian, 2013). Applicability of the revisions made by Corporate
Governance Principles and Recommendations (Fourth edition) would be assessed in relation to
Myers Holding ltd. In addition to this, the assessment would also be identifing a foreign nation
where the business can suitably expand while considering sustainable practices.
Discussion
Amendments in Corporate Governance Principles and Recommendations
The business environment is changing and there are more instances of mismanagement,
fraud taking place in businesses. Therefore, it is an essential requirement that sound corporate
governance principles are formulated which can reverse such situations and safeguard the
interest of the business as well as the investors (Idowu et al., 2013). A general corporate
governance report covers eight elements for which changes have been introduced along with
recommendation in each of the elements. The important changes and recommendations which
are made are listed and explained below: