Corporate Governance and Ethics Analysis of Sky Television Network

Running head: Corporate Governance and Ethics 1
University
(Name)
Corporate Governance and Ethics
(Professor’s Name)
(Date)

Corporate Governance and Ethics 2
This capstone project purpose is to analyze Sky television network (ASX CODE: SKT)
which is a public television company, investigate and interpret its disclosures of publicity to
determine governance outlooks and to state and apply theories and give reasonable
conclusions.

Corporate Governance and Ethics 3
Table of Contents
Introduction.........................................................................................................................................4
Sky Television Network Governance.................................................................................................4
Membership.....................................................................................................................................4
Role of the Sky Television Board....................................................................................................5
Executive and independent directors.............................................................................................5
Terms of office.................................................................................................................................5
Meeting.............................................................................................................................................6
The board committees.....................................................................................................................6
Sky Television 2017 report from Peter Macourt (chairman)...........................................................6
Sky Television 2017 report from John Fellet (chief executive).........................................................7
Report remuneration.......................................................................................................................7
Acquiescence with the ASX corporate code of governance..............................................................8
Executive Remuneration Disclosures................................................................................................8
Performance-based Performance Evaluation, Equity Security and Compensation............................8
Financial Statements Confirmation....................................................................................................9
Website Disclosures/Public Disclosures............................................................................................9
Board delegations................................................................................................................................9
Conclusion...........................................................................................................................................12
References..........................................................................................................................................13

Corporate Governance and Ethics 4
Introduction
Sky Network Television is an entertainment television channel in New Zealand that gives a
variety of programs to the clients, including television series, movies, documentaries, and
news and also other television services in New Zealand. The Company's holdings are SKY
DMX Music Limited, which engages in effecting the SKY DMX songs business, SKY
Ventures Limited, that gives sponsorship and investment in the ground broadcast technology
and information. Outside Broadcasting Limited, which provides flexible on-site
dissemination amenities and services; Screen Enterprises Limited, which operates FATSO
DVD Blu-ray rental business; Igloo Limited, which engaged in includes pay service, and
Believe It Or Not Limited, which is provides puzzles for the hotel theatre industry (Gee, Sam
& Jackson, 2017).
Sky Television Network Governance
Membership
Sky television board of governance is appointed by its shareholders using ordinary
revolution. The board consist of about seven directors all of them with relevant skills,
expertise and experience. The remuneration and the nomination committee follow a formal
process to asses overall skills. The main goal of the board is to have variety of skills which
are relevant to the core objective of the Sky business.
The constitution of the sky provides that there should be three directors and 10 directors
minimum and maximum respectively. The board have rights to appointing directors to fill
any existing vacancies at casual basis (Blanco, 2016).