Corporate Governance Evaluation of David Jones Ltd, Billabong International Ltd, Ten Ltd and Energy World Corporation Ltd

In: Business and Management

Submitted By smileycathy
Words 5767
Pages 24
FINS3626 Group Assignment
Evaluation of BBG, DJS, TEN, EWC
Executive Summary
Phenomenal growth of interest in corporate governance has emerged in recent years. The body of literature on the subject has grown markedly in response to successive waves of large corporate failures. Furthermore, there have been numerous attempts to define what constitutes ‘good corporate governance’ and to provide guidelines in order to enhance the quality of corporate governance.

It must, however, be acknowledged that while everyone advocates and wants corporations to maintain ‘good corporate governance’, measuring the quality of corporate governance structures of the Australian companies has been, at best, very difficult.

The major contribution of this report is to develop a simple and effective measurement model to rate the corporate governance structures of four companies. In effect, this report hopes to shed light on factors that should be taken into account in order to make sound investment decisions. The report concludes that David Jones would be the best investment decision amongst the four companies.

The rest of the report is structured as follows. Section 1 details our ‘Corporate Governance Assessment Model’, comprising of six governance-related factors and associated measures. Section 2 outlines our assessment of the corporate governance quality of each of the four companies, as well a brief description of the company. Section 3 shows our firm’s conducted comparison of the four corporate governance structures. The final section includes the bibliography and appendix which supported our analysis.

Corporate Governance Assessment Model
Factor 1: Structure the board to add value
Regardless of whether corporate governance is interpreted in its narrowest or broadest sense, the definition fundamentally stems from the concern to protect all stakeholders from…...

Similar Documents

Marcantile Bank Ltd, Bangladesh

...Company profile Akij Food and Beverage Ltd. “Brings Quality in Life”. 1. History: Akij Food & Beverage Ltd. (AFBL) a unit of Akij Group started its operation in the year 2006. AFBL manufactures a wide range of Snacks and Beverage for both National & International market alike. AFBL is a project worth $ 70 million& is funded by the parental company Akij Group. AFBL started its production at 400 bph in the carbonated soft drinks line and 300 bph in the juice line. In a span of one and a half years we have increased our capacity to 1800 bph. At present our capacity; one is at the ground breaking rate of 1900 bph. So in approximately three years time our capacity has increased three folds. During this same period most of our brands became either number one or are almost on the verge of becoming number one in their respective categories. Most of our machineries have been imported from world famous brands as Krones, Tetra Pak, Alfalaval, Sipa, and Husky to achieve the best quality. The history of Akij Group stretches back to later part of the forties. In its infancy, the Group started in humble way with jute trading which was known as the golden fiber of the country, earning highest amount of foreign exchange. Akij Group's ceaseless efforts with dynamic management and support from our numerous clients have led our Group in diversifying its business activities. In the second phase, the Group went into ......

Words: 2744 - Pages: 11

Performance Evaluation on Ncc Bank Ltd.

...1. INTRODUCTION 1.1 origin of the report I started my internship on National Credit & Commerce Bank Limited –NCCBL Motijheel Branch on 19th September and ended on 19th December 2013. Throughout my internship period Fatima Satter, Lecturer of Eastern University was my academic supervisor and Md.Ayub Assistant Vice President &MD.Masum Manager Operation was my field supervisor. A study on a particular topic is a mandatory part of the internship program. I was authorized to make a study on the “performance evaluation on National Credit & Commerce Bank Limited”. In this whole study I tried to connect my own financial knowledge to the financial data of. I tried my level best to produce a quality study on “Performance evaluation on National Credit & Commerce Bank Limited”. 1.2 Problem Statement & Justification The financial performance evaluation on bank is unknown. The reason for the research was to do a pilot study and we wanted to identify bank’s financial data analysis or change in year by year. By this study Bank organization can make better decision to improve their growth and to compare the competitor they visualize their position. 1.3Limitations of the study It was a great opportunity for me to work in NCC Bank limited as an Intern and a make a study on the financial performance analysis of it but there were surely some limitations while making this study. They are- * Difficulty in accessing latest data of internal operations for data......

Words: 8768 - Pages: 36

Goodwill Corporation Ltd

...GNP growth Finance/market trends Inflation Interest rates Money supply Employment/unemployment Energy issues Socio-cultural Population trends Age distribution Regional movement of population Demographics of the family Lifestyle Consumerism Geographical structure 99 The most rapid of these trends in the general environment are technological and political/legal. The slowest moving are the economic and the socio-cultural. Geographical structure The organizational structure of a major business could be based purely on geographical regions. This could reflect the following possibilities: • • • that the market is sufficiently remote to warrant a replication of the organizational structure in its geographical region; that the factors of production are sufficiently attractive to set up a geographically-based structure; that the market requires specific support that can only be delivered in the geographical region and not from the remote central headquarters of the organization. Global area structure A global area structure configures the organization along the main areas (geographically) in which it operates. Typically, the globe would be split up into a series of general areas such that the business can assume that all functions can be carried out by a centralized headquarters within each region. The configuration may take the form depicted in Figure 23. Corporate HQ (in home country and serving home country Northern Europe Southern Europe and......

Words: 4239 - Pages: 17

International Hrm Analyses for Haelec Products Ltd

...International HRM analyses for Haelec Products Ltd | February 25 2014 | An analyses which will allow Haelec Management Team to implement an expansion programme in terms of establishing HR Policies abroad. | Jason Clark | 1.0 Introduction Since 1990, Haelec Products Ltd has grown from strength to strength in the production and manufacturing of various products including its latest creation of the Wireless Atomic Weather Station (WAWS). The demand for this product from Institutions and Governments had lead the need for the company to look into manufacturing the product overseas to be able to keep up with demand. This increased demand has main came from countries in and around the Indian Ocean and South China Sea, so it would seem beneficial to look into these countries for the consideration of setting up a production facility there. The countries that should be looked at include:- Indonesia India China These countries make up 70% of the orders from the area, so it would make sense to set the production facility in one of these countries. At present moment the current HR Policies and Procedure have worked extremely well for the company. However, these policy and procedures are very much tailored to the UK market and when a company is looked to expand abroad it might not all be suitable to implement the same policies into the country that you are moving to. Therefore, this report looks at the various aspects a company needs to look at when considering......

Words: 4201 - Pages: 17

Abc Ltd

...Executive summary This report identifies and analyses the management challenges outlined in the case study of Service Adhesives Ltd. The research draws attention to how Service Adhesives traditional corporate structure, outdated strategies and failure to implement qualitative initiatives leant to their reclining competitive advantage in their industry and the slowdown of their profit margins. The report finds that Service Adhesives prospects in their current operations are limited but with their renewed commitment to effect radical improvements to their organisation then operational excellence is attainable. It is recommended that Service Adhesives revisits the qualitative initiative of total quality management (TQM) as this method encompasses everyone and every function of the organisation. It uses holistic approach to long term success that views continuous improvement as a process and aims to transform the organisation through progressive changes Table of Contents 1. Introduction......................................................................................................................3 1.1 Background of Service Adhesives..........................................................................3 1.2 Background of operations management..................................................................3 2. Orientation.......................................................................................................................4 2.1 Literature......

Words: 2668 - Pages: 11

Habib Bank Ltd - Corporate Culture

...ORGANIZATIONAL BEHAVIOR CASE STUDY 1/15/2014 This course required us to conduct a case study on any organization of choice analyzing the organizational behavior principles being applied in practice. The aspects we analyzed were the corporate culture, leadership style and knowledge management. We begin by a brief introduction of the company and then analyze each of the aspects one by one and end it with a conclusion. The organization we decided to analyze is the Habib Metro Bank. The department in focus is the Operations department of the bank. Introduction : Habib Metro bank operates in all the major cities of Pakistan. Nationwide it has a 51-branch online network which provides finance services, especially in trade. Habib Metro basically is a merger of two giants, namely Habib bank A G Zurich and Metropolitan Bank Limited. HBZ is a principle share holder of Habib Metro. The bank commenced full scheduled operations in 1992. Within a short span of 20 years, the bank has become one of the three key players of midsized banking, and also ranks among the top 10 in Pakistan. The growth truly translates the vision of the bank of becoming the “most respected financial institution”. The Operations Department The operations department was termed as the “engine of the organization” by the interviewee. During the interview we realized that the operations department might as well be the next most important department after the finance department. The operations department is...

Words: 2094 - Pages: 9

Goodwil Corporation Ltd.

...TAX / RETAIL INVOICE (ISSUE OF INVOICE UNDER RULE 11 OF CENTRAL EXCISE RULES 2002) Expo Machine Tools Pvt.Ltd (M) A-19, Ground/First Floor,, Sector-5,, Noida Phone : 0120- / E-mail : expoac@yahoo.com VAT TIN : 09865711359 CST No. : 09865711359 Excise Regn No. : AACCE5677NEM005 Consignee Premium Graphite Pvt Ltd F-26R,First Floor, Kalkaji, New Delhi-110019 Range Division Commissionerate PAN / Income Tax No. : : : : XVII Noida / E5, Sector-1,IVth Floor, Noida III Noida / E-5, Sector-1, Noida Noida / C-56/42, Sector-62, Noida AACCE5677N Invoice No. 0465/14-15 Buyer’s Order No. Po No- Verabl Delivery Note Supplier’s Ref./Order No. 0465 Despatched through BY Hand Date & Time of issue of Invoice 23-Aug-2014 at 19:25 Date & Time of Removal of Goods 23-Aug-2014 at 1955 Mode/Terms of Payment Dated 23-Aug-2014 Dated 23-Aug-2014 Dated Despatch Document No. Destination Delhi Motor Vehicle No. VAT TIN : 07766906454 CST No. : 07766906454 Excise Regn No. : AAHCP4632MEM001 Buyer (if other than consignee) Premium Graphite Pvt Ltd F-26R,First Floor, Kalkaji, New Delhi-110019 VAT TIN : 07766906454 CST No. : 07766906454 AAHCP4632MEM001 Excise Regn No. : Sl No. 1 No. & Kind of Pkgs. 1 Description of Goods Machined Graphite Components Cavity Ele Hse266159 C008_d Excise Duty 12% ( Output) Education Cess 2% (Output) S & H Edu.Cess 1% (Output) CST @ 2.0 % Against Form"C" (8,207.00) 60 Days Tariff / HSN Classification 38019000 Quantity 1 pcs Rate 7,304.00 per pcs......

Words: 349 - Pages: 2

Windcather Ltd

...Case Study: WINDCATCHER LTD John Jeffries recently left the army after more than 20 years in the service. He had decided that at 45 years of age it was time to start a second career. Throughout most of his life John had a passion for sailing and had competed successfully in many offshore yacht races. He felt that because of his expertise and interest in sailing and the fact that over the years he had cultivated many friends and contacts in the sailing world, he would be wise to invest his money and energies in this area of business. After many months of searching for a suitable business, last October John and his wife agreed to purchase all of the shares of Windcatcher Ltd for £500,000 at the 31 December. The business was involved in the manufacture of sails on an individual ‘made to measure’ basis for boats ranging in size from one-man dinghies to ocean-going yachts. Most of the customers were private individuals, though about 10% of orders each year were placed by small boat-builders. Windcatcher also undertook some repair work to damaged sails. The business was established in 1970 by Arthur Davies and was managed by him until his sudden death in August. Over that period he had shown a strong interest in the technical side of the business and Windcatcher enjoyed a good reputation for the quality of the products. However, he had had little interest in financial matters and maintained only rudimentary management accounting records. Demand for Windcatcher’s......

Words: 1109 - Pages: 5

Abc Ltd.

...BANGLADESH 24-26 FEBRUARY-2011 The 8th International Exhibition on Asian Pharmaceutical Industries THE GATEWAY TO THE SOUTH ASIAN PHARMA MARKET Join with Expected Exhibiting Companies 450 Over Trade Professionals 9000 On sq. mt. Floor-space 8500 From Countries 28 VENUE : Bangabandhu International Conference Centre, Dhaka. Bangladesh ORGANISED BY SUPPORTED BY Bangladesh Association of Pharmaceutical Industries Bangladesh Aushad Shilpa Samity OFFICIAL ONLINE MEDIA If South Asia is your market, APE 2011 is your show www.asiapharma.org 2011 DHAKA, BANGLADESH 24-26 FEBRUARY-2011 Bangladesh Association of Pharmaceutical Industries Bangladesh Aushad Shilpa Samity ORGANIZING COMMITTEE CHAIRMAN Mr. Salman F Rahman PRESIDENT'S MES SAGE Vice-Chairman, Beximco Group CONVENOR Mr. Adbul Muktadir We, Bangladesh Association of Pharmaceutical Industries (Bangladesh Aushad Shilpa Samity) are delighted to inform you about the forthcoming international exhibition on South Asian Pharmaceutical industry – ASIA PHARMA EXPO- 2011 to be held in Dhaka from 24 to 26 February 2011. The South Asian Pharmaceutical market is currently experiencing unprecedented growth and as a result the ASIA PHARMA EXPO provides unlimited opportunity to all related business and trade professionals. In all our previous Asia Pharma Expo events, the participants from neighboring countries and other parts of the world expressed their deep sense of......

Words: 3538 - Pages: 15

Lessee Ltd.

...Background Lessee Ltd., a British company operating under IFRS, leased equipment from Lessor Inc. for a period of three years. Lease payments of $100,000 are paid annually by Lessee Ltd., as well as $2,000 of other expenses including insurance, taxes and maintenance. The lessee’s incremental borrowing rate is listed at 11%, and the lessor’s implicit rate is calculated at 10%. The equipment reverts back to the lessor at the termination of the lease. The equipment has a 4-year useful life and a fair value of $265,000. Additionally, the guaranteed residual value of the equipment is $20,000 and the expected salvage value is $2,000. Issue #1: How should Lessee Ltd.’s Lease Be Classified? International Accounting Standard 17.10 states five examples of situations that “individually or in combination would normally lead to a lease being classified as a finance lease.” Two of the statements are relevant in classifying the lease as a finance lease. IAS 17.10.c says that the lease term must be for the “major part of the economic life of the asset.” Since the lease term is three years and the useful life of the equipment is four years, the lease term is 75% of the useful life of the asset which would constitute as a “major part” of the economic life of the equipment. Additionally, per IAS 17.10.d “at the inception of the lease the present value of the minimum lease payments [should] amount to at least substantially all of the fair value of the leased asset.” The present value of...

Words: 1331 - Pages: 6

Beximco Ltd

...medicine and the life styles of people are changing rapidly in current time and they are more educated then past for that they are more health conscious. We are hopeful to achieve our company objectives profitability. Table of content Topics | Page number | Introductory: | | About the study | 6 | Objectives of the study | 7 | Scope of the study | 8 | Methodology of study | 9 | Limitation of the study | 9 | Chapter-1: Introduction | | Key company information | 11 | Vision | 12 | Mission | 12 | Chapter-2: Industry analysis | | Gross-sectional industry performance | 14 | Industry performance overtime | 14 | Performance of the company | 15 | Business cycle and industry sectors | 16 | Inflation | 16 | International economics | 16 | Structural economic changes | 18 | Demographics | 18 | technology | 18 | Governmental regulations and policies | 18 | Evaluating the industry life cycle | 20 | Mature growth | 21 | Industry competition analysis | 21 | Estimates industry rates of returns | 24 | DDM(the dividend discount model) | 24 | Industry analysis using relative valuation approach | 25 | The price to book value ratio | 25 | Price to sales ratio | 26 | Chapter-3 : financial statement analysis | | Common size income statement | 29 | Common size balance sheet | 30 | Cash flow statement | 32 | Analysis of financial ratios | 34 | Liquidity measurement ratios | 34 | Profitability analysis ratios | 38 | ......

Words: 10833 - Pages: 44

Lessee Ltd.

...Facts Lessee Ltd, a British company has leased equipment from Lessor Ltd, as of January 1, 2007 for three years. On expiration the equipment reverts to Lessor Ltd. Annual expenses include a lease payment of $100,000 and other expenses of $2,000 with no expenses incurred by Lessor Ltd. The remaining useful life of the equipment is 4 years. At the time, the equipment had a Fair Market Value (FMV) of $265,000. Lessee Ltd guaranteed a residual value of $20,000 by the end of the lease term. The salvage value of the equipment was estimated as $2000 at the end of the economic life. The lessor’s implicit rate was calculated at 10% with the Present Value (PV) of the residual at $15,026 and lease payments at $248,690. The lessee’s incremental borrowing rate is 11% with the PV of the residual at $14,624 and lease payments at $244,370. Issue Is the lease an operating lease as analyzed and interpreted by the junior accountant or is it a finance lease along with other calculations as determined by the senior accountant? Would the answer differ if Lessee Ltd were to adapt U.S GAAP accounting policies as opposed to IFRS? Rule The IFRS standards are known by the name International Accounting Standards (IAS). The IAS 17 helps distinguishes between lease transactions. It states, “A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease if it does not transfer substantially all the...

Words: 1137 - Pages: 5

Corporate Social Responsibility at Infosys Ltd.

...Business Ethics Corporate Social Responsibility Infosys Submitted to Prof Neeti Sanan Group 4 Arvind Sairam (111011) Jaydeep Patwardhan (111031) Piyush Singh (111033) Sravan Kommuri (111053) Vishnu Meena (111061) On March 1, 2012 Executive Summary This report investigates the Corporate Social Responsibility (CSR) practices of Infosys Ltd. – India’s second largest IT Company. The report discusses the background of the company and its current state of CSR practices. For better evaluation, the analysis is broken up into four thrust areas, namely The Infosys Foundation – which deals with various social welfare activities, Sustainable Change Programs – which deals with all levels of education, The Employee – Driven Programs – which are loose, unstructured programs run by volunteers and the Eco Group Programs – which deal primarily with reducing Infosys’ carbon footprint. The report discusses the CSR initiatives taken by the firm in each of these areas and subsequently provides an assessment for them based upon the criteria of proper implementation, measurable impact, magnitude and fit with the organization’s business. In forming the assessment, quantitative data has been taken wherever possible, for e.g. in the case of the financial viability of the CSR initiatives, the amount allocated to CSR has been compared with the annual profit figures of the organization. However, majority of the assessment is based upon qualitative data collected from third party......

Words: 5148 - Pages: 21

Bengaluru International Airport Ltd.

...INFRASTRUCTURE POLICY AND REGULATION Bengaluru International Airport Limited Individual Assignment -1 Anupam Shetty Fourth Batch 2012 - 13 Bengaluru International Airport Limited Contents: 1. Background……………………………………………………………….………………….…….……Page 4 2. Need for the airport…………………………………………………………………………………Page 4 3. Scope of the Project…………………………………………………………………………………Page 5 4. Project Sponsors/Concessionaires……………………………………………………………Page 6 5. Financiers…………………………………………………………………………………………………Page 7 6. Relevant Government Bodies…………………………………………………………………..Page 7 7. EPC Firms………………………………………………………………………………………………….Page 7 8. Regulators………………………………………………………………………………………………..Page 7 9. Concession and CNS/ATM Agreement……………………………………………………..Page 8 10. Financial Arrangements………………………………………………………………………….Page 8 11. Project Conception…………………………………………………………………………………Page 9 12. Bidding Process………………………………………………………………………………………Page 9 13. Project Shaping………………………………………………………………………………………Page 10 14. Master Plan and Projects……………………………………………………………………….Page 11 15. Agreements Signed in Chronological Order……………………………………………Page 12 16. Land & Peripheral Infrastructure……………………………………………………………Page 13 17. Project Execution/Construction……………………………………………………………..Page 13 18. After Completion……………………………………………………………………………………Page 17 19. First Test Flight……………………………………………………………………………………….Page 17 20. Reason......

Words: 6371 - Pages: 26

Corporate Governance Practice of British American Tobacco, Bangladesh Ltd

...UNIVERSITY OF DHAKA CORPORATE GOVERNANCE PRACTICE OF BRITISH AMERICAN TOBACCO, BANGLADESH LTD. JULY’ 2012 NAHID RIJWAN ID# 3-09-17-033 University of Dhaka Department of Management Studies MBA (Evening Program) Summer, 2012 Term Paper Course Title Course code Corporate Governance & Diplomacy EM 557 Course Teacher Md. Mesbah Uddin Topic Term Paper: Corporate Governance Practice of British American Tobacco, Bangladesh Ltd. 29- 07- 2012 Date Submitted by Name Nahid Rijwan Roll 3-09-17-033 CONTENTS Topic CHAPTER – 1 About British American Tobacco Bangladesh Business Principles of BAT, Bangladesh Standards of Business Conduct of BAT, Bangladesh: CHAPTER – 2 Corporate Governance Statement Board of Directors of BAT Bangladesh and Their Roles Relationship with Shareholders Accountability and Audit Compliance with Legal Requirements Employees Standards of Business Conduct CHAPTER -3 Corporate Social Responsibility Statement Probaho Socially Responsible Tobacco Production (SRTP) Deepto Afforestation CHAPTER - 4 Auditor’s Report to The Shareholders 16 12 12 13 14 15 6 7 9 10 10 10 11 1 2 3 Page CHAPTER - 5 Comparative Analysis of Bat Bangladesh’s Corporate Governance Compliance Status of compliance with the Provisions Denoted in the Code of Corporate Governance for Bangladesh, March 2004 Status of compliance with the Conditions Imposed by the Securities & Exchange Commission's Notification 21 19 18 REFERENCES 23 ANNEXURE - I 24 ...

Words: 13287 - Pages: 54