Regulatory Framework and Agreements Impacting Woolworths Limited

0Running head: WOOLWORTHS LIMITED
Legal Aspects of International Business and Enterprise

1WOOLWORTHS LIMITED
Table of Contents
Introduction................................................................................................................................2
Woolworth Limited....................................................................................................................3
Regulatory Framework Affecting the Company........................................................................3
Impact of Regulatory Framework on Woolworth......................................................................4
Impact of Treaties, Conventions, and Agreements on Woolworth Limited..............................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9

2WOOLWORTHS LIMITED
Introduction
Organisations are required to comply with various domestic and international regulations
while operating their business in multiple countries. The regulatory framework affects the
business of multinational corporations and its operations. This report will analyse the
regulatory framework of Woolworth Limited; it is one of the largest retailing chain in
Australia and second largest in New Zealand. The company was founded in 1924, and it
operates in the retailing industry. Further, the report will evaluate the treaties, conventions or
agreements in Australia that influence the business of Woolworth Limited.

3WOOLWORTHS LIMITED
Woolworth Limited
Woolworth limited is world’s 19th largest retailing chain, and the stores of the company are
situated in more than 992 locations. Mainly, the corporation operates in Australia, New
Zealand, and India; the firm’s head office is situated in Bella Vista, Australia. Woolworth
limited is known for its competitive pricing products and high-quality customer services; the
company provides value and specialised facilities to diversified customers relating to
wholesale products (Raghuram and Kuberkar, 2008). The company is governed under the
chairmanship of Brad Banducci and Gordon Cairns; Banducci is also the CEO of the firm.
There are more than 202,000 employees in the company from which 197,000 work in
Australian stores whereas around 5000 are employed in other Woolworth stores situated
worldwide (Woolworth Group, 2017).
Woolworth limited operates in multiple sectors including hotel, liquor retailing, departmental
stores, and supermarkets. The financial position of the company is solid that assisted them in
expanding their business throughout Australia and New Zealand. The products and services
offered by the company focus on improving the living standard of its customers and
maximising stakeholders’ value (Lyons, 2007). The competition in the retailing industry has
proliferated due to globalisation and digitalisation; Woolworth has gained a competitive
advantage over its competitors because of competitive pricing and large market share.
Regulatory Framework Affecting the Company
Woolworth limited is constantly innovating and evolving its products and facilities to fulfill
the requirement of customers and finding new methods to address the market challenges. The
company operates as per its regulatory framework. The retailing industry changes rapidly as
per the market and customers’ requirements; nowadays, consumers prefer more choices and
affordable products in great quality. Woolworth serves more than 21 million customers in a
week. Therefore, the company requires that each of its vendor and supplier comply with legal
obligations and responsibilities (King, 2014). A code of conduct enhances the reputation of
Woolworth because the company can achieve its organisational goals through ethical, legal
and moral standards. However, several regulatory frameworks influence the business and
operations of the company.