Perpetual Limited Ethics and Governance Report 2022

Ethics and
Governance
9 / 2 7 / 2 0 1 9
Student Name

Perpetual Limited 1
Executive Summary
The selected company is engaged in providing financial advisory services. In the first
part of the report background of the company has discussed that further lead the discussion
regarding remuneration policies and structure of the same. The company provides incentives
to its directors and executives in addition to fixed remuneration. The most likely orientation
is stakeholder ethical branch. Adopting the principles of this theory the company has
appointed a majority of directors to ensure diversity. Further, the lead focus of the company
is centered on all the stakeholders' instead of mere shareholders. At last, a conclusion
summarizing the main findings of the report has been drawn upon.

Perpetual Limited 2
Contents
Executive Summary...................................................................................................................1
Introduction................................................................................................................................3
Summary of company................................................................................................................3
Summary of Corporate Governance...........................................................................................4
Board Orientation.......................................................................................................................6
Company communication and legitimacy theory......................................................................9
Conclusion................................................................................................................................11
References................................................................................................................................12

Perpetual Limited 3
Introduction
The company selected for the preparation of this report is Perpetual Limited. The
main objective of this report is to check the level of corporate governance in the company and
practices adopted by the same in this sector. Annual report of the company and the official
website of the same has been studied and researched for this report. The report contains many
aspects related to the selected company. Firstly the summary of the company will be
discussed where the focus will be made to the background of the company, its industry and
recent history. Further, corporate governance of the company will be discussed whereas the
composition of the board, reports of CEO and chairperson and remuneration policies of the
company will be detailed and discussed. Further board orientation and applicable theory i.e.
legitimacy theory will be discussed. The essential outcomes of the report are that the same
would enhance understanding, different type of board orientation and status of corporate
governance in the selected company.
Summary of company
Perpetual Limited (hereinafter referred to as Perpetual or Company) is an Australian
company that started providing services in 1886 (Member, 2013). The company is active in
the financial sector and provides diversified financial services and products to its consumers.
Further to state that the company is listed on the Australian Stock Exchange (Asx.com.au,
2019). One who is interested in seeking financial advice as well as advice related to wealth
management, securitization & corporate trustee services or purchase of investment products
and managed funds may contact or may rely to Perpetual.
The business of Perpetual is doing well and in the past, it has received by many of the
recognition and awards including the significant and popular awards such as the employer of