WOOLWORTHS GROUP Name of the Student Name of the University Author Note Introduction

Running head: WOOLWORTHS GROUP
WOOLWORTHS GROUP
Name of the Student
Name of the University
Author Note

WOOLWORTHS GROUP1
Introduction
Good corporate governance can be considered to be very relevant for the different
organizations. In line of this, it is important that the firm engages in adequate corporate
governance activities so that it is being able to work on public confidence and thereby work on
the corporate leadership (Armstrong et al. 2015, p. 15). There are various corporate social
responsibilities which have been recommended to the firm so that it is successfully being able to
improve the accountability to the stakeholders and come up with relevant best practices which
shall then enhance their relationship with the stakeholders (Clayton and Radcliffe 2018, p. 280).
Moreover, sustainability has also become a relevant activity which can be adopted by the
different organizations so as to see to it that the overall condition of the organization improves
and the firm is being able to prosper in the long run. The report focuses on the corporate
governance and sustainability discussion which shall be based on the functioning of the
Woolworths Group. The Sustainability and the corporate governance report will be assessed and
certain recommendations to improve the activity will also be provided.
A brief background of the company Corporate Governance policy
The good corporate governance can be taken to be central to the operations of the
Woolworths Group Limited. With respect to this, it can be mentioned that the firm aims to
approach sustainable growth and enhance the long term shareholder value (Yermack 2017, p.28).
The different directors and the team members who are present are largely expected to act
ethically and be responsible for their actions at all times. The ambition of the firm goes beyond

WOOLWORTHS GROUP2
the legal compliance but seeks to ensure that they are being able to create better experiences for a
better tomorrow (McCahery et al. 2016, p.2925). The firm considers it to be their duty to look
out for the needs of the customers, team members as well as the key stakeholders.
The ARMCC (the Risk Management, Audit and the Compliance committee tends to deal
with the commissioned Internal Audit team and seeks to review the governance practices of the
firm. The committee then reviews the overall operations of the firm and is successfully able to
see to it that it is being able to manage the different corporate governance activities and along
with this, it is also being able to apply the different recommendations of the firm to ensure that
the firm is being able to perform well considering all aspects (Du Plessis et al. 2018, p. 150). In
addition to this, the annual report of the firm mentions that the directors of the organization
continue to focus on the enhancing culture and conduct a reasonable amount of risk and reports
to the Board and related members on a continuous basis (Tricker and Robert Ian Tricker 2015, p.
260).
A brief background of the company Sustainability and CSR policy
The Sustainability at the Woolworths Group aims to see to it that they will be able to
impact the overall economy of the nation, the communities and the environment (Armstrong et
al. 2015, p.14). The firm understands that it has a considerate responsibility towards creating a
better tomorrow. The Woolworths has a diverse group of retail businesses and functions with the
specific purpose of ensuring that the business is being able to create better experiences in
partnership along with the associations with customers which will help them in making a positive
impact on the society at large.

WOOLWORTHS GROUP3
The customers form the heart of all the activities of the organization. The firm embraces
new as well as the innovative ideas which enables them to ensure that they are successfully being
able to adapt new ways of business processes and enables agile and responsive abilities
(McCahery et al. 2016, p.2927). The core value of the firm is the guide to the operations and the
key to their success in the field of sustainability and the corporate social responsibility can be
stated to be the Purpose, Core Values and the Ways of Working assist them to see to it that they
remain centered around their goals. The focus of the firm relies on:
 Safeguarding the mental health and the overall wellbeing of the team members and the
human rights of the supply chain (Woolworthsgroup.com 2019).
 They ensure that the consumer concerns can be answered accordingly and that the use of
plastic can be reduced.
 It also ensures that sustainable ingredients are used in the own brand range
Detail of corporate governance mechanisms undertaken by the company under the
categories of Board structure, risk management, audit committee and so on
The Woolworths Group can be understood to be a committed organization which
undertakes various initiates in order to ensure that it is successfully being able to maintain good
corporate governance mechanisms. In line with this, the different mechanisms are as follows:
Board structure
The Board comprises of eight different members who are present in the organization and
are involved in different committees. These members are greatly committed towards the overall