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Ethics and Governance of South 32 Limited

   

Added on  2023-03-30

16 Pages3474 Words78 Views
Running head: MANAGEMENT
Ethics and governance of South 32 Limited
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1
MANAGEMENT
Executive summary
The context of this report is the corporate governance, which forms an essential parameter in
managing the business operations. Management of the operations is crucial in terms of
ensuring whether they align with the identified and specified goals. The role of the board
panel is crucial for controlling the activities. This report takes up the issue of South 32
Limited for enhancing the awareness of the readers regarding corporate governance. The
board panel is responsible for conducting meetings, scheduling site visits, allocation of the
duties and responsibilities to the CEO and directors. Along with this, community
development is one of the essential elements of the board operations, which enhances the
corporate social responsibilities. Audit, reviews and meetings suffice the need for evaluation
of the achieved performance. The outcome of the report is enhancing the awareness of the
readers regarding the importance of audits on enhancing the organizational effectiveness.

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MANAGEMENT
Table of contents
Introduction................................................................................................................................3
Corporate governance................................................................................................................4
Board orientation........................................................................................................................6
Interpretation of the company communication through legitimacy theory..............................10
Conclusion................................................................................................................................11
References................................................................................................................................12
Bibliography.............................................................................................................................14

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MANAGEMENT
Introduction
South 32 Limited achieves accolades and glory by emerging as a globally diversified
mining and materials company. As a matter of specification, the company produces bauxite,
aluminium, energy and metallurgical coal. Along with this, coal, manganese, nickel, silver,
zinc, lead are the metals, which form a central part in the operations in the threshold of
Australia, Southern Africa and South America. The company takes pride in being the owner
of high grade zinc, lead and silver, acting as the prospective developmental area in North
America. Joint ventures with start-ups adds flexible focus into the production of the base
metals (South32.net, 2019).
Sustainable development towards natural resources help in transforming the standards
of living for the stakeholders and shareholders. Inclusive workplace culture enhances the
unity and collaboration in terms of the values of care, trust, togetherness and excellence. The
values govern the approach towards executing the operations, especially in the decision-
making process. According to the recent trends, ensuring safe accommodation for the
stakeholders and shareholders is a vital aspect. Authentic joint ventures justifies the purpose
with which the business operates (South32.net, 2019).
One of the other objectives of the company is realizing the potential and maximizing
the return on investment. This is an approach towards influencing the purchasing decision
and power of the customers. Lean functions help in realizing the potential capabilities, acting
as an agent in fulfilling the needs, demands and requirements of the customers. Technological
innovation is one of the crucial elements, which assists the personnel to encounter radical
transformation in the business outlook. Environmental and social leadership concept seems
beneficial for mapping the benefits, which needs to be achieved for enhancing the corporate
social responsibility. Creation of pipelines has exposed the staff to a pool of opportunities in
terms of achieving competitive advantage in the base metals (South32.net, 2019).

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