Corporate Governance
Table of Contents EXECUTIVE SUMMARY 2 INTRODUCTION 3 1. ASSESSMENT MODEL 3 2. ASSESSMENT ON EACH ORGANISATION 5 CHINA MOBILE LTD 5 DAIMLER AG 7 SAMSUNG ELECTRONIC CO. LTD 9 QANTAS AIRWAYS LIMITED 12 WORLD VISION AUSTRALIA 14 3. OVERALL EVALUATION 16 CONCLUSION 17 LIST OF REFERENCES 18 APPENDIX 21 Assessment Model for China Mobile Ltd 21 Assessment Model for Daimler AG 24 Assessment Model for Samsung Electronics Co. Ltd 27 Assessment Model for Qantas Limited 30 Assessment Model for World Vision Australia 34
EXECUTIVE SUMMARY
The corporate governance of five organisations (China Mobile Limited, Daimler AG, Samsung Electronics Corporation Limited, Qantas Airways Limited and World Vision Australia) is evaluated using a specially developed model which focuses on six corporate governance related factors that will enhance corporate governance quality. These factors are: * Whether the company’s board is structured to add value, * Whether the board is remunerated fairly and responsibly, * Whether the board is able to recognise and manage risk, * Whether there is timely disclosure and safeguarding of the financial report’s integrity, * Whether there is adoption of a stakeholder approach to corporate governance, and * Whether the firms increase transparency and accountability of the directors.
For each organisation, we have identified the main stakeholders relevant to their operations. This analysis would be of relevance to stakeholders as it attempts to shed light into the corporate governance systems of the organisation and help stakeholders evaluate the companies.
Having applied the model to each of the organisations, it is found that there is no one organisation that can satisfy the model completely. However, some organisations performed better in certain factors than others, and there are clear indications that some organisations have better overall corporate governance. All of the organisations’
EXECUTIVE SUMMARY
The corporate governance of five organisations (China Mobile Limited, Daimler AG, Samsung Electronics Corporation Limited, Qantas Airways Limited and World Vision Australia) is evaluated using a specially developed model which focuses on six corporate governance related factors that will enhance corporate governance quality. These factors are: * Whether the company’s board is structured to add value, * Whether the board is remunerated fairly and responsibly, * Whether the board is able to recognise and manage risk, * Whether there is timely disclosure and safeguarding of the financial report’s integrity, * Whether there is adoption of a stakeholder approach to corporate governance, and * Whether the firms increase transparency and accountability of the directors.
For each organisation, we have identified the main stakeholders relevant to their operations. This analysis would be of relevance to stakeholders as it attempts to shed light into the corporate governance systems of the organisation and help stakeholders evaluate the companies.
Having applied the model to each of the organisations, it is found that there is no one organisation that can satisfy the model completely. However, some organisations performed better in certain factors than others, and there are clear indications that some organisations have better overall corporate governance. All of the organisations’
References: Samsung Electronics Co Ltd 2009, Disclosure Control Policy, viewed 8 May 2013, Samsung Electronics Co Ltd 2012, 2012 Sustainability report, viewed 9 May 2013,