Corporate Governance Project 2022

Corporate Governance
Corporate Social Responsibility and Sustainability in Respect of
Corporate Governance of Westpac Banking Group
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Corporate Governance
Executive Summary
The project opens with a clear idea about Corporate Social Responsibility and Sustainability
in respect to the study of Corporate Governance. Then, it gives a detailed process of studying
risk management through the identification of Risks faced by Westpac Banking Group
(WBC) by means of proper risk mapping. It also gives recommendations to improve
strategies to develop CSR and Sustainability and how they can contribute to the overall
improvement of WBC.
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Corporate Governance
Content
Introduction................................................................................................................................3
Losses faced by Westpac Banking Group (WBC) to maintain Corporate Social Responsibility
and Sustainability.......................................................................................................................4
Risk Mapping of Westpac Banking Group (WBC) and Strategies to solve the Risks...............7
Position of Board Of Directors of Westpac Banking Group(WBC) In respect of Corporate
Social Responsibility and Sustainability..................................................................................11
Recommendations to improve Corporate Social Responsibility and Sustainability of Westpac
Banking Group (WBC)............................................................................................................13
Conclusion................................................................................................................................15
References................................................................................................................................16
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Corporate Governance
Introduction
Corporate Social Responsibility (CSR) is referred to as the ethical, moral and responsible
treatment by an organization to its stakeholders. It is hereby a matter of fact that there is an
existence of the stakeholders outside as well as inside the company.CSR is basically the
responsibility of a corporate body to the community as a whole as well as a society. CSR
includes economic as well as environmental responsibilities. Sustainability is the continuous
maintenance at a certain level. There is a close interlink between CSR and Sustainability as
their main aim is to regulate and bring about certain sustainable developments in society as a
whole. In today's globalized market, it is the expectation of the stakeholders that every
corporate body shall act as a good corporate citizen.
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