Hello, everyone, today I want to talk about the ingredients safety in food processing industry through an Australia company- Goodman Fileder . There are 3 parts of my presentation : first, I will give a briefly introduction of Goodmam Fileder Company. Second, I will talk about corporate governance of Goodman Fileder Company. At the last, I will present an example - Sanlu poisonous milk powder incident to demonstrate the importance of CG.
I will begin with the introduction of Goodman Fielder Company. Goodman Filder Company was established in 1909. It is a manufacturer, marketer and distributor of bread, dairy products, oil and various food ingredients. There are many famous brands of Goodman Fileder Company, such as Wonder White, white Wings, and Meadow (\' medeu/)Fresh.
Next I will come to Corporate governance of Goodman Fielder Company. First, there are lots of diversity policies in the company in terms of all Goodman Fielder employees and contractors. Goodman Fielder is dedicated to providing all employees with an equal opportunity to achieve their full potential. Secondly, in terms of the performance evaluation, The Nomination Committee of Goodman Fielder develops and implements processes for the review of the performance of the Board on an annual basis. The Board reviews its own performance to ensure that their own are carrying out their functions and discharging their responsibilities. The remuneration [ri,mju:nə'reiʃən] Committee oversees the performance of all the employees which complied with Principle 8: remunerate fairly and responsibly (Mayne, 2007). Third, selsct and appoint directors is very important. Factors considered by the Committee when considering the potential Board are very strict which complied with Principle 2: structure the board to add value (Mayne ,2007).
Finally, let's come to the importance of corporate governance. The 2008 Chinese milk scandal was a food safety incident in China . The scandal broke on 16 July 2008,