Tesco Plc 2014 Corporate Governance Report

Tesco Plc 2014 -
Corporate
Governance Report
Building Business Practice
NX9410

Table of Contents
EXECUTIVE SUMMARY...........................................................................................................3
INTRODUCTION.........................................................................................................................4
METHODOLOGY........................................................................................................................5
DATA COLLECTION METHOD...........................................................................................5
IMPORTANT CORPORATE GOVERNANCE ISSUES WITHIN TESCO Plc....................6
INTRODUCTION.....................................................................................................................6
PROBLEM 1 - LACK OF EXPERTISE.................................................................................6
PROBLEM 2 - LACK OF LEADERSHIP..............................................................................6
PROBLEM 3 - LACK OF SCRUTINY...................................................................................7
RESULTS...................................................................................................................................7
CONCLUSION..............................................................................................................................8
REFERENCES..............................................................................................................................9
APPENDICES..............................................................................................................................11
Appendix A- Organisational Chart........................................................................................11
Appendix B- Tesco PLC Board structure.............................................................................11
Appendix C- Tesco PLC share price......................................................................................12
Appendix D - Ethics Form......................................................................................................13
Appendix E - Presentation about CG Recommendations....................................................15

EXECUTIVE SUMMARY
In this report the goal is to find out what caused the hard situation that Tesco was
put through and suggestions on what could have be done differently to prevent that
situation. The report starts with general information for Tesco giving an overview for
the case. Then it goes to in details for the three main problems was found in
management side. First of all, the board of directors, which showed lack of expertise
and experience, secondly, the absence of CEO showing the lack of leadership within
the company. Lastly how the audit committee’s lack of scrutiny impacted the
situation. At the end, it gives solutions to the problems and also more information
about Tesco as seen in the appendix.