Corporate Governance, Sustainability, and Ethics at Focus Logistics

This report provides an in-depth analysis of corporate governance, sustainability, and ethics within the context of Focus Logistics Ltd, a company established in 1965. It examines the importance of corporate governance practices, highlighting the benefits of a competent board, strategic alignment with goals, high ethical standards, and clearly defined roles. The report further discusses the significance, benefits, and challenges associated with producing a sustainability report, emphasizing its impact on brand image, consumer confidence, and investor engagement. It also addresses the benefits and challenges of sound risk management practices for Focus Logistics, underlining the importance of minimizing risks to ensure long-term profitability and operational control. The analysis considers the company's aspirations to be listed on the ASX and the need to meet investor expectations regarding sustainable and ethical practices.

Corporate Governance,
Sustainability and
Ethics

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK ..............................................................................................................................................3
Corporate governance practices and the importance of good governance for Focus Logistics.3
Summarise the significance, benefits and challenges of producing a sustainability report for
Focus Logistics............................................................................................................................5
Summarise the benefits and challenges of sound risk management practices for Focus
Logistics......................................................................................................................................7
CONCLUSION ...............................................................................................................................7
REFERNCES:..................................................................................................................................9
Books and Journals:....................................................................................................................9
Online........................................................................................................................................10

INTRODUCTION
The report aims to deliver facts and importance of sustainability in a business. A
business which performs activities for the welfare of society, stakeholders and general public is
creating a positive image into market. As sustainability is a act of accountability in front of
people who are connected with the organisation. It influence activities which does not harm
nature and resources, protect consumer and employees rights and promote stakeholders
credibility and investors support by working on sustainability practice. This report is going to
focus on the case study of Focus Logistics Ltd (Almagtome, Khaghaany, and Önce, 2020). The
company was formed in the year 1965 and provide logistics services to the local business. The
main aim is to present views on sustainability and risk management practices. Therefore, the
report will show the corporate practices impact on the vision and mission of the company. Also,
there will be discussion of challenge and benefits of sustainable practices as logistics industry
may suffer many wastage and environmental circumstances that must be minimised. So that,
there will be analysation of risk management practices for Focus logistics in order to promote
expansion and growth.
MAIN BODY
TASK
Corporate governance practices and the importance of good governance for Focus Logistics
Corporate government is an activity in which organisation work in favour of
stakeholders, consumers, and investors’ expectations. It is all about working upon organisation
goals and objectives by being loyal towards society and its people. A business has main aim to
satisfy their customers’ needs in such a manner that will not harm other practices regarding laws,
equality rights and welfare of key people (Melas, 2019). It drives many best practices that will
be beneficial for business which are under their budget and required for achieving gaols and
objective. A good government within organisation lead to share valuable ethics, professional
culture, work on expectations of others and maintain an integrity towards working. There are
several best practices which are beneficial for focus logistics Good governance strategies are
essential for combining each board members towards organisation mission, objective and targets.
They would be aware about all the functions and roles in a better manner. A strong board

committee is essential Ford focus logistics which will demonstrate clear objectives and
investment of the company to the stakeholders. These are discussed below:
Building a competent board: A Business is working effectively by good decision making,
analysing strategies, formulating plans which all are necessary to achieve aims and objectives.
Therefore, board committees are the crucial part for large companies who wants to grow and
expand at much extent. A board committee must be competent to deals with market issues,
accept challenges and create an environment of technological interference. There must be
utilisation of skills and abilities to form effective decisions (Crifo, Escrig-Olmedo, Eand Mottis,
2019). Therefore, this practice is beneficial for Focus logistics as it has analysed by the investors
that the company does not have strong board committees and the decisions are still take by
family members which may be riskier in current competitive market. This reflects in lack of
appropriate performance in handling operations and succession planning at focus. In order to get
listed with ASX companies, a strong board committee is must for all the operations, managerial
and sustainability decisions.
Align strategies with goals: It is the most required best practice for both companies and
its stakeholders. The more they see organisation working on achieving objectives, the much they
are ready to invest their time, money and efforts. Therefore, formed strategies must be set
according to company goals. Therefore, the board of focus strategies must identify risk in their
set strategies which will be helpful to deal with uncertain environment and must have proper
control over all operations. As the company facing issues in minimising carbon footprints and
consume excess fuels in one year (Kiel, Müller, Arnold, and Voigt, 2020). As the investors are
criticising the operation plans and expansion strategies. It is necessary for the company to enable
effective strategies to accomplish goals with best practice that are agreed by investors.
High level of ethics and integrity: The organisation needs to maintain ethics and integrity
which represents honesty, trust and responsibility in companies directors. Non ethical
consideration is must to set some standards and policies while working and enabling operations
at best. This shows how faithful a business is functioning and fulfilling all consumer and
stakeholders needs. Therefore, in respect with focus logistics. The viewpoint of board members
are contradicting to show sustainability report. As they do not believe in wasting money and time
over preparing a report. This shows that companies may looses faith and integrity from the mind
of consumers and shareholders which is not good for achieving goals and objectives for Focus

logistics. As they are currently facing many issues regarding carbon footprints and consumption
of diesel (Sajan, Shalij, and Ramesh, 2017). As per the viewpoint of Jacob rose (Company's
COO), the board focus on prioritising shareholder returns which should be main aim of
company. But the ethical practices are interconnected with this view as in order to attract
shareholders it is necessary to showcase sustainability reports which maintain trust and integrity
among them. Ethics and integrity are vital to keep a positive image in the eyes of stakeholders
Commerce investors and employees. This integrity reflects the potential of company to run for
long-term and establish a well brand name into market. Therefore, focus Logistics need to be
honest and trustworthy in what activities they are regulating. It's not about showcasing on
wasting time in preparing documents but it is all about to reflect overall performance of the
company.
Defining roles and responsibility: This concern is related to managing all the work
systematically within an organisation. As there are several functions which requires attention and
proper task functioning. Therefore, corporate governance works on regulating roles and
responsibility that suits with the personality of each board persons. It will concise the work in
simpler manner. This will enhance the operations and management functions in order to achieve
goals of being listed in ASX listed company within next year. Regulating riles and responsibility
in all the board members will look at required factors such as sustainability In transportation,
utilising vehicles for best use and enhance lodging facilities in other parts of the world. Every
board member will deal with the investors of their department and invest in equity capital by
analysing all the issues and risk without getting burdened.
All the above practices are important and necessary for large organisation who wants to
get listed in ASX companies and enable large customer integrations. This could be done through
with focusing on corporate governance and sustainable practices. As it becomes the foremost
concern of investors and shareholders before investing capital in the company. Although, focus
logistic is a privately owned firm and has brand reputation in Australian market but investors
looks for all the practices and activities covered and the amount of profits earned during the
financial year. So that, it is necessary to look at investors concerns and Create ethical practices
which secure trust and accountability in the eyes of potential people. Corporate governance is
very much important to be responsible in front of customers and stakeholders by functioning
upon good environmental, social and legal practices.

Summarise the significance, benefits and challenges of producing a sustainability report for
Focus Logistics
Corporate governance is an act of practising valuable, ethical, honest an fair activities for
society,shareholders and customers. It include sustainability standards towards environment,
society and legal practices. As sustainable business much more competitive into market than the
non-sustainable one's. It has analysed that there are many benefits and challenges comes in front
of sustainable acts as it consume a lot of mind and strategies to be accountable to both society
and government simultaneously. In the case of Focus logistics, the company does not believe in
providing sustainable report as they believing in utilising money in other necessary activities.
The CEO of company has their viewpoint that, in the world full of technology and internet, all
the company informations gets revealed drastically. So that, it is necessary to provide an
evaluation of significance, benefits as well as challenges of sustainability report for Focus
logistics.
Significance: preparing sustainability report is significant for an organisation as it shows
companies reputation, brand image, responsible behaviour, build consumer confidence and
increase innovation. Therefore, it is necessary for creating a well image in the eyes of customer
and promote investors engagement (Burkart, and.et.al. 019). Focus logistic face many problems
in relation to many sustainable acts in minimising carbon footprints and less consumption of
diesel in trucks and vehicles. It is important in keeping companies update and enabling
succession planning by compare past and present results.
Benefits: presenting companies record and evidence of sustainability practices is much
beneficial for the company. It discloses the overall performance during the year in order to make
new strategies, form policies and make changes in roles and responsibility. It is beneficial to take
companies vital decision which could not be taken before. As in context of focus, the company
wants to get listed in ASX listing so that, it provides benefits to represent actual condition and
make efforts for more improvement to attract large investors. Therefore, Focus logistics will take
the changes in sustainability acts seriously and work upon achieving aims and objectives with
clear and focused strategies.
Challenges: there are many challenges comes while formulating plans for sustainability
acts. As it requires much control over the operation's and there will be stability of political

interference. These challenges hinder the growth of organisation internally and may lose
potential to achieve large market share. Also, another major challenges of sustainability reporting
is that they might move away from its normal alignment and does not showcase companies
prioritise areas. It is not possible that reports may show equal balance among environment, social
and political factors which may varies slight or majorly (Kamble, Gunasekaran, and Gawankar,
2020). Therefore, it depends on the one who read it and how it matches with their expectation
and perspective. For instance, providing sustainability report in Focus lead to make work
complex and it disturbs the whole operation. It slows down board's decision making process and
making company reliance of corporate governance. It hinders their potential of creativity and
innovation which may come up through independent decisions over all operations tasks. For
example, the COO of company wants to build autonomous vehicles in their logistics services but
they are confident about getting delays due to formal governance structure.
All these significance, benefits and challenges are discussed in the meeting of board in
Focus logistics. Consequently, their main aim is to achieve goal to get expand and listed in ASX
companies (Mensah, J2019). Therefore, by analysing much significance and importance of
providing sustainability report, the company needs to be prepare to manage risk and challenges
in order to be a major leader of market. Focus logistics must show their performance to satisfy
investors needs as they are the potential people
Summarise the benefits and challenges of sound risk management practices for Focus Logistics
Risks becomes an integrated part for every organisation whether it works on small or
large level. A business grows up high by taking potential risk into market and achieve high
standards of profitability. Therefore, risk must be minimised to a limited extent that will not
influence on the functioning and performance of company. As it may become the reason for
losses in long run (Leo, Sharma, and Maddulety, 2019). So that, risk management plans are
essential to promote control over all the activities and operations performed under company.
These risk could be legal or reputation focused.
Benefits: managing risk at the initial phase of business beneficial to attract more investors and
make them assure about their returns (Bier, Lange, and Glock, 2020). Risk management
practices are also beneficial to perform in current dynamic situation as there is no point or factors
that could stop these uncertainties. Logistic business has many risk regarding transportation and

lodging business resources so that these management practices will try to resolve and overcome
with all the challenges.
Challenges: the Focus logistics may face challenges in managing risk by not adopting legal
practices and governance structure which may influence on best practice standards and
innovation. Sound risk practices does not require to contradict in the performance of company.
The challenges are of cost and investment which the company will put in making funds for
uncertainty and consequences. Also there are many challenges regarding analysing best
strategies which may consist time and energy of the managers.
Therefore, it has evaluated that risk management practices have both benefits and
challenges that must be analysed at the initial period of business activities. The benefits are more
in case of challenges if strategies work effectively and according to the set targets in focus
logistic. It is a gesture of maintaining trust among them to promote good capital structure.
CONCLUSION
The report has derived various facts upon corporate governance, sustainability practices
and risk management factors. It has analysed that, the company needs to have good corporate
government to achieve long terms goals and be accountable in front of stakeholders and
investors. As these are key people which expect grate rerun from company’s capitol. So that,
they want trust and ethical standards from the company which revels under sustainability report
of company. Therefore, the company is required to prepare reports and give real updates through
a professional platform.

REFERNCES:
Books and Journals:
Almagtome, A., Khaghaany, M. and Önce, S., 2020. Corporate Governance Quality,
Stakeholders’ Pressure, and Sustainable Development: An Integrated
Approach. International Journal of Mathematical, Engineering and Management
Sciences, 5(6), pp.1077-1090.
Bier, T., Lange, A. and Glock, C.H., 2020. Methods for mitigating disruptions in complex
supply chain structures: A systematic literature review. International Journal of
Production Research, 58(6), pp.1835-1856.
Burkart, M.D., Hazari, N., Tway, C.L. and Zeitler, E.L., 2019. Opportunities and challenges for
catalysis in carbon dioxide utilization. ACS Catalysis, 9(9), pp.7937-7956.
Crifo, P., Escrig-Olmedo, E. and Mottis, N., 2019. Corporate governance as a key driver of
corporate sustainability in France: The role of board members and investor
relations. Journal of Business Ethics, 159(4), pp.1127-1146.
Kamble, S.S., Gunasekaran, A. and Gawankar, S.A., 2020. Achieving sustainable performance
in a data-driven agriculture supply chain: A review for research and
applications. International Journal of Production Economics, 219, pp.179-194.
Kiel, D., Müller, J.M., Arnold, C. and Voigt, K.I., 2020. Sustainable industrial value creation:
Benefits and challenges of industry 4.0. In Digital Disruptive Innovation (pp. 231-270).
Leo, M., Sharma, S. and Maddulety, K., 2019. Machine learning in banking risk management: A
literature review. Risks, 7(1), p.29.
Melas, K.D., 2019. Corporate governance in the shipping industry. The Routledge Handbook of
Maritime Management, pp.172-186.
Mensah, J., 2019. Sustainable development: Meaning, history, principles, pillars, and
implications for human action: Literature review. Cogent Social Sciences, 5(1),
p.1653531.

Sajan, M.P., Shalij, P.R. and Ramesh, A., 2017. Lean manufacturing practices in Indian
manufacturing SMEs and their effect on sustainability performance. Journal of
Manufacturing Technology Management.