Impact of the Corporate Governance
11 Pages3346 Words334 Views
Added on 2019-12-28
Impact of the Corporate Governance
Added on 2019-12-28
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CORPORATE GOVERNANCEWord count: 2307 WordsStudent name: Student number: Subject name: AQF Level:
Executive SummaryIn this study, the different aspects of the Corporate Governance have been illustrated, withrespect to the UK-based grocery retail company called the Waitrose. Different aspects of theCorporate Governance including the role and the impact of the parameters of the CorporateGovernance including their stakeholders and the management officials have been described.The impact of the Corporate Governance on the success and the failure of the businessstrategy for the Waitrose in the recent years have been described. The factors that led to thesuccessful implementation of the corporate governance in the context of the Waitrose havebeen analysed. The factors that led to the successful implementation of the corporate financeand their sustainability have also been discussed in the context of the Waitrose.
Table of Contents1. Introduction............................................................................................................................12. Background of the Waitrose...................................................................................................13. Successful aspects of Corporate Governance in the Waitrose...............................................14. Factors leading to the success of the Waitrose.......................................................................25. Sustaining the aspects of the success.....................................................................................36. Aspects where the Waitrose has been less successful in incorporating corporate governance....................................................................................................................................................37. Reasons for the lack of implementation and recommending ways to achieve these.............48. Conclusion..............................................................................................................................5References list............................................................................................................................6
1. IntroductionThis report is based on the corporate governance and its relevance to the Waitrose, a groceryretail company in the UK. The Corporate Governance is referred to as the different styles andthe procedures that allow the company or the different companies to maintain their strategyand their working procedures in a given time, in their respective business environments(Joneset al. 2014, p.132). It has been seen that the Corporate Governance is governed by thestatute combination of their stakeholders, suppliers, management authorities and the decision-makers of the company. Therefore, it may be stated that much of the fate of the company isdependent on the Corporate Governance scheme of the company. 2. Background of the WaitroseAfter its establishment in the year 1904, Waitrose has been dealing with the grocery and thesupermarket facilities in the areas of the UK. Since its establishment, the Waitrose has beenburdened with the responsibility of providing the products and services of superior quality tothe customers of the UK. By 2015, the company has produced over 350 branches of itspresence and all of these are implemented with similar objectives to supply the products tothe customers that are of superior quality and value as compared to the other companies thatare present in the UK. It is currently the 6th largest grocery retail in the UK. One of the mostnotable contributions of the company is that they have the legal warrant for supplying thegrocery and the wine to the queen’s palace in the UK. Currently, the Waitrose providesemployment to over 91000 employees in the UK(www.waitrose.com, 2017). It has been observed that the different processes and the business environments have led tothe changes in the structure of the business operations for the Waitrose, including the exit ofthe UK from the European Union. However, the strict Corporate Governance strategies of thecompany allow them to sustain their business statistics in the recent years. Waitrose has beenconsidered to be one of the first supermarket companies that dealt with the sale of the organicfoods and therefore influence the procedures of environmental protection in the UK.However, the prices of the products and services are comparatively higher, as compared tothe dominating companies in the UK including Tesco and Sainsbury’s (Manning, 2013, p.20).3. Successful aspects of Corporate Governance in the WaitroseIn the modern context of the business environments, it has been observed that the changes inthe business environments have led to the differences in the corporate governances of thecompanies. In the context of the Waitrose, a similar situation has been observed. A number ofsuccessful aspects of the corporate governances have been observed in the context of theWaitrose. These include the development of the economy of the company since its exit fromPage | 1
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