Report on Corporate Governance Issues in the Globalising World

This report delves into the corporate governance issues arising in a globalising business world, using the Crown scandal as a case study. It outlines arguments made in a related article, emphasizing the role of media in reporting these arguments and their impact on the company's reputation. The report discusses various corporate governance issues such as conflicts of interest, oversight, accountability, and transparency, highlighting their importance in maintaining ethical business practices and stakeholder trust. It further examines the interdependence of the board of directors and the scrutiny they face, concluding that the actions of Crown's directors significantly affected the business, leading to a scandal that influenced the company's operations and public perception. Desklib provides a platform to access this and other similar solved assignments for students.

Running head: BUSINESS IN GLOBALISING WORLD
Business in Globalising World
Name of the Student
Name of the University
Author’s Note

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Executive Summary
This current report has focused on the current as well as the topical corporate governance issues
that has been identified in the overall course of business. The research corporate governance has
been identified by the theories that has been identified by the corporate situation which has been
situated within the company. The importance of media has been based on the arguments that has
been commented by the directors of the company. The issues of the corporate governance has
been included along with their issues that has raised in their business procedure.

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Table of Contents
Introduction......................................................................................................................................4
Outlining the arguments that has been made in the article..............................................................4
Importance for the media for reporting these arguments.................................................................5
Discussing the corporate governance issues along with their importance......................................6
Concluding the corporate governance issues that has been raised in the article.............................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

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Introduction
Business globalisation is vital for an organisation as it includes the changes that has taken
place in recent years with upcoming impact on moving in an integrated way. In this study,
Crown has been taken into consideration which has got involved in to a scandal that includes the
recommendation of the stock exchange along with the independent directors. The Australian
companies has to employ the management along with other department that are required to be
scrutinised. In this study, the arguments made in the article has been recognised and the
importance of media for reporting this arguments along with discussing the corporate governance
issues that has been identified in the business procedure and opinions.
Outlining the arguments that has been made in the article
The arguments that has been made in the article includes the board of members that
includes the closet for better monitoring the overall procedures and certain risky practices. In the
article made by Patrick Hatch consist of certain arguments that includes the board of directors
and other members of the company along with their comments (McCahery, Sautner and Starks
2016). John Alexander, the dependent director of the company has been appointed by the
company since 2007 has commented that the lieutenant facing questions about the dual role as
both CEO and Chairman. This dual role is also not applicable in any company which points out
the overall performance of the firm. Geoff Dixon is also the dependent director of the company
who has been appointed since 2007 and he commented that the ex-Qantas boss has been
considered non-independent for his long tenure that is around 12 years on board (Armstrong et
al. 2015). This long term tenure might affect the overall board of director who are new appointed
by the company.

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Harold Mitchell has been the director since 2011 and also a dependent variable and has
commented that Adman has considered as the non-independent as he is doing business
transaction out of the business which is not at all appreciated by the company. He is also facing
the proceedings from ASIC that is over the management of Tennis Australia (Yermack 2017). In
addition to this, Helen Coonan has been the director of the company since 2011 and has been
appointed as the independent director of the company. She has commented that the formal liberal
senator is in the form of juggling which consist of large list of directorship and position of the
company. Andrew Demetriou has been the director for the company since 2015 and has
commented that the former AFL boss has been fired over his time as he provided failed
education to the group of acquire learning (Edmans 2014). Other director are present during the
conference which has been disclosed in the article.
Importance for the media for reporting these arguments
Media plays an important role in the overall process of these arguments in which the
disclosure of the comments to the public is vital. The media has got its contents for showing the
scandal to public which would increase their overall valuation to the public (Jizi et al. 2014). The
comments from the directors of the company has been disclosed by the company which points
out the scandal of the firm that highlights the working nature. The combination of rules and
regulation along with certain behaviour includes the effective measurement of the firm that
would be beneficial for the media as it would be effective for their business. The internal as well
as internal structure that mainly affects the overall interest of the company with their
stakeholders. The stakeholders of the company includes shareholders, customers and suppliers of
the company (Chan, Watson and Woodliff 2014). The importance of media helps in covering the
message the wider range of audiences that is directly associated with the company.

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The media has varied group of community that targets the closing factors of the firm
which highlights the overall sector of the public that requires the directors of the company to
focus on recent issues (Mason and Simmons 2014). The bigger community organisation points
out the different types of medium through which the company shares their views in the
viewpoint of the customers. There are different type of medium through which the media shares
the news and information to the public. The target of the message to the people includes the
sharing of information through newspaper, radio and other mode of sharing information
(Misangyi and Acharya 2014). It also helps in promoting the free publicity that mainly exposure
the announcement that has been made by the company in their normal course of business.
Discussing the corporate governance issues along with their importance
The corporate governance in the company has several issue which is to be balanced
among the participants of the company. The corporate governance is directly impacts the overall
profit and reputation of the company for having certain poor policies which also includes loss of
capital investment (Sapra, Subramanian and Subramanian 2014). Some of the common issues in
corporate governance includes conflict of interest which is required to be avoided at highest
priority. The objective of the corporation includes the effective communication among the
employees which consist of significant amount of stock in the company that consist of
development of strategies. Oversight issues is another issues that is related to the company along
with corporate governance which points out the effective awareness of conflicts of the business
firm (Bell, Filatotchev and Aguilera 2014). Accountability issue is effective in overall process of
corporate governance which includes checks and other balances.
Transparency is also another limitation which is used to be initiated by the effective
modification that points out the effective nature of the corporate governance. The profit and loss

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of the company is directly associated with the corporate governance of the company which
would be beneficial for their effective relationship that helps in maintaining the accountability of
the overall business activities. The violation of ethics is also included in the overall process of
corporate governance which might affect the business in their normal course of business
(Aguilera et al. 2015). The importance of corporate governance includes the changing of overall
structure of ownership that includes the overall importance of social responsibility. The growing
number of scams in the company has affected their overall business overview that has
indifference part in the shareholders. Moreover, the globalisation has taken place in recent years.
The takeovers and mergers has taken place in recent years which would be beneficial for the
company.
Concluding the corporate governance issues that has been raised in the article
The issues of the corporate governance that has already been raised in the article includes
the investment vehicle that is associated with consolidated press holding that has been presented
by the CEO of Crown. The laying seed of the scandal has includes the dealt that has suspected in
the crime of Chinese influence agents. The behaviour of the management has appointed the
directors which includes the questions that has organised the investigation of crime in overall
Australian casinos (De Haan and Vlahu 2016). The interdependence of the board of directors
includes the effective scrutinised management that has included the principles of the behaviours
for getting the responses by the directors. It includes the principles that points out the types of
things that is required to be kept in mind that have already happened in the business objectives
which oversees the oxymoron for a CEO for a replacement of chairman.
The spokeswoman of crown has Crown has not responded to a question as it has
unbalanced and disgraceful reporting of the unjustified attacks by the associated and directors.

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ISS has considered the board of Crown that has only half or 50 percent of the directors. The
liberal party senator Helen Coonan has considered the Qantas boss for facing the disputes of
outside business dealings with in the overall course of the company. Two direct representative of
the company has been appointed for increasing the overall selling process of the business firm. In
addition to this, Patrick Hatch has mentioned that the independent crown board members has
stated the stint on the press that is consolidated at the time of engaging the approach of
complying the regulation of the overall business procedure of the company.
Conclusion
From the above study, it can be concluded that the role of directors of crown has affected
the business and pushed them in a scandal which has influenced the business. The comments
from the directors of the company has been disclosed by the company which points out the
scandal of the firm that highlights the working nature. The profit and loss of the company is
directly associated with the corporate governance of the company which would be beneficial for
their effective relationship that helps in maintaining the accountability of the overall business
activities. The bigger community organisation points out the different types of medium through
which the company shares their views in the viewpoint of the customers. At the end, independent
directors of the company has shared their comments in the press conference which also
highlights the scandals and role of media.

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References
Aguilera, R.V., Desender, K., Bednar, M.K. and Lee, J.H., 2015. Connecting the dots: Bringing
external corporate governance into the corporate governance puzzle. The Academy of
Management Annals, 9(1), pp.483-573.
Armstrong, C.S., Blouin, J.L., Jagolinzer, A.D. and Larcker, D.F., 2015. Corporate governance,
incentives, and tax avoidance. Journal of Accounting and Economics, 60(1), pp.1-17.
Bell, R.G., Filatotchev, I. and Aguilera, R.V., 2014. Corporate governance and investors'
perceptions of foreign IPO value: An institutional perspective. Academy of Management
Journal, 57(1), pp.301-320.
Chan, M.C., Watson, J. and Woodliff, D., 2014. Corporate governance quality and CSR
disclosures. Journal of Business Ethics, 125(1), pp.59-73.
De Haan, J. and Vlahu, R., 2016. Corporate governance of banks: A survey. Journal of
Economic Surveys, 30(2), pp.228-277.
Edmans, A., 2014. Blockholders and corporate governance. Annu. Rev. Financ. Econ., 6(1),
pp.23-50.
Jizi, M.I., Salama, A., Dixon, R. and Stratling, R., 2014. Corporate governance and corporate
social responsibility disclosure: Evidence from the US banking sector. Journal of business
ethics, 125(4), pp.601-615.
Mason, C. and Simmons, J., 2014. Embedding corporate social responsibility in corporate
governance: A stakeholder systems approach. Journal of Business Ethics, 119(1), pp.77-86.
McCahery, J.A., Sautner, Z. and Starks, L.T., 2016. Behind the scenes: The corporate
governance preferences of institutional investors. The Journal of Finance, 71(6), pp.2905-2932.
Misangyi, V.F. and Acharya, A.G., 2014. Substitutes or complements? A configurational
examination of corporate governance mechanisms. Academy of Management Journal, 57(6),
pp.1681-1705.

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Sapra, H., Subramanian, A. and Subramanian, K.V., 2014. Corporate governance and
innovation: Theory and evidence. Journal of Financial and Quantitative Analysis, 49(4), pp.957-
1003.
Yermack, D., 2017. Corporate governance and blockchains. Review of Finance, 21(1), pp.7-31.