Corporate Governance and Ethics Report 2022

Corporate Governance and Ethics
Student Name:
Student ID:
Unit Name:
Unit Code:

Executive Summary
The report shed light on the strategic policies of Independent Group (IGO) one of the leading
mining and exploration companies in Australia. The company is listed with the Australian Stock
Exchange (ASX). The report has produced an effective discussion about the corporate
governance policies of IGO. The corporate governance policies are most important for the
organization as these policies help in providing important guidelines to perform essential
operational activities. Thus, the corporate governance policies support in gaining sustainable
competitive advantages to the Independent Group. The organization has adopted effective rules
and regulations to govern the organizational activities, which improve the efficiency and
effectiveness of the organization. The company has implemented an efficient organizational
structure, which is flatter than a hierarchical structure that allows the employees to establish
more efficient communication. The board of directors (BOD) is important for the organization
and the strategies and policies of the organization are devised by the BOD of the organization.
The report also shed light on the roles and responsibilities of the BOD of the organization. The
board orientation is vital for an organization as it determines the strategic direction of the
company. With the BOD of IGO, the roles and responsibilities are delegated most effectively and
each board member has specific roles in the organization. The board has adopted effective
communication strategies to communicate the strategic visions and missions of the organization
to the members of the organization. The report has presented effective interpretations of the
communication strategy of the organization.
1 | P a g e

Table of Contents
Executive Summary.......................................................................................................... 1
Introduction.................................................................................................................... 3
Corporate Governance of IGO............................................................................................. 3
Board Orientation............................................................................................................ 5
Interpretation of company communications using Legitimacy Theory............................................8
Conclusion..................................................................................................................... 9
References................................................................................................................... 10
2 | P a g e

Introduction
IGO (Independent Group) is one of the most recognized explorations and mining organization in
Australia. Headquarters of the organization is situated in South Perth region of Australia. The
organization is founded on the financial year 2000. The organization has about 500 employees.
Apart from mining, the organization is also involved in producing gold, copper, and nickel. The
organization is providing a significant focus on its high-quality assets. The organization has
strong corporate governance policies and procedures (IGO, 2019). The management team
members and general employees' are following all the policies and procedures of corporate
governance to maintain work environment pleasant. The organization is listed on ASX. The
organization has implemented the recommendations and principles of the Corporate Governance
Council under ASX. The organization has included several standards under corporate
governance. Among all the standards, code of conduct, privacy standard, anti-bribery and
corruption standard, and many others are included. The management team of the organization is
maintaining the review of the financial reports. The organization has implemented significant
communication process to enhance the performance of the employees. The organization is
putting a useful focus on its environmental and social responsibilities. The organization has
adopted the legitimacy theory to maintain its responsibilities towards social and environmental
aspects (Zhou, 2019). In the report, the various aspects of corporate governance of IGO
(Independent Group) have been described. Moreover, the activities of board members and
financial aspects are evaluated in the report. Interpretation of the communication process of the
organization also has been elaborated in the report. The report will provide clear and precise
management capabilities of the organization IGO (Independent Group).
Corporate Governance of IGO
The IGO corporate governance statement has framed the company's present corporate
governance structure. The corporate governance framework helps people linked with the
company to deliver its strategy (Icaew, 2018). The board is committed to promoting the success
of the company. The success of the company is promoted in such a manner so that the interest of
both stakeholders' and shareholders are protected. The main aim is to set up such a corporate
strategy that will help the company to sustain in the market for the long run. It does not limit its
3 | P a g e