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Understanding Corporate Governance: Nomination and Remuneration Committees and Tesco Case Study

The project aims to build on the skills and abilities developed in Semester 1 within the context of Accounting and Financial Management, specifically Corporate Governance. The assessment includes a team report on research findings and a personal reflection on teamwork skills.

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Added on  2023-04-25

About This Document

In this case study we will discuss about corporate governance and below are the summaries point:-

  • Functions and composition of the nomination committee: Evaluating directors, identifying candidates, and reviewing governance policies.

  • Functions and composition of the remuneration committee: Setting rules for salary levels, share options, and benefits with a committee of five members.

  • Tesco case study: Highlighting corporate governance issues related to board composition and income recognition.

Understanding Corporate Governance: Nomination and Remuneration Committees and Tesco Case Study

The project aims to build on the skills and abilities developed in Semester 1 within the context of Accounting and Financial Management, specifically Corporate Governance. The assessment includes a team report on research findings and a personal reflection on teamwork skills.

   Added on 2023-04-25

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Running Head: Corporate Governance 1
Corporate Governance
Name
Affiliation
Instructor
Date
Understanding Corporate Governance: Nomination and Remuneration Committees and Tesco Case Study_1
Corporate Governance 2
Corporate Governance
Functions and composition of the nomination committee
This is a committee that acts and performs as part of corporate governance. Its functions
include evaluation of board of directors. It also identifies candidates who will work as
directors. Nomination committees also give reviews on corporate governance policies. The
nomination committee is made up of a Board chairman, his deputy, and a Chief Executive
officer, (Turker, 2018, p. 60).
Functions and composition of the remuneration committee
A remuneration committee provides an independent basis for setting rules and salary levels.
This is in relation to share options, incentives, contract provisions, and benefit entitlements.
Remuneration committees consist of five members who are elected by the board. A member of the
board is appointed as a chairman while the other represents employees. The Remuneration
committee should also have non-executive members, (Ismail, 2017, p.10).
Tesco Case Study
The case presented by Tesco is a good choice because it brings out the corporate
governance issues in the real world. This relates to our study especially on how nomination
committees and remuneration committees should look like, their composition and duties,
(Adams, 2018, p. 302).
1. Core governance issues
Understanding Corporate Governance: Nomination and Remuneration Committees and Tesco Case Study_2

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