Essays on Corporate Governance at Commonwealth Bank Company Case Study

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The paper "Corporate Governance at Commonwealth Bank Company" is an outstanding example of a business case study. The Commonwealth Bank was established in the year 1911 under the Commonwealth Bank Act. Nonetheless, its operations began in 1912 with fortifying to lead both general banking accounts and funds forms. Today the bank has developed into a business with more than 800000 shareholders and a total of 52000 workers. The bank offers a broad range of financial assistance with the aim of assisting all Australians manage their fiancé s effectively (Marshall, & World Health Organization.

2007 p 22-23). In providing integrated financial services the bank is leading in Australia that includes retail premium, businesses, institutions banking, management of funds, share broking, insurance among others (Blair, & Walker, 2006). Additionally, the bank is listed on the securities exchange in Australia and is also included in the Morgan Stanley Capital Global Index (Australia. 1996 p 20-50). They operate with a major object of having a total shareholder return in a semi quartile in its listed peers in Australia. Calculations on the total shareholder are based on the growth of the investment value of the group shares with the assumption that all the dividends are reinvested in the shares at the time dividends are paid.

The bank operates on ago real-time 24/7 in Australia and the whole world. The bank has managed to establish its operations in other areas such as New Zealand, Europe, as well as in the Asia-Pacific region. Corporate Governance The Bank Corporate Affairs proclamation plots the significant issues of the corporate administration system. The obligation is to verify that a reliable and coordinated methodology is conveyed towards the bank's internal and external issues, communication, and legitimacy, corporate maintainability, Secretariat among others (Commonwealth Bank.

1998 p1-2). Under the rules of corporate governance, the Bank is conferred towards verifying that its systems and processes reflect on an exclusive expectation of the administration. The governing body has embraced corporate governance rules system that is extensive and whose outline is made to guarantee harmony in the balance between conformance and execution (Commonwealth Association for Corporate Governance. 1999 p 25). As a result, the government can embark in an efficient manner; cautious, and risk-taking activates which forms the basis of the banking business.

In the year, 2014 the governance of the group was in conformance with the corporate governance principle, as well as, recommendations (Monks, & Minow, 2004 p 23).   The directors are responsible for the shareholder's performance and governance while the management implements the group’ s objectives and strategies and day to day operations of the bank. Corporate governance is an issue that is gaining quite a lot of great deal attention overseas and Australia in the public and private sectors.

In the private division, the significance of corporate governance has been highlighted by the corporate overseas and Australia. Again in the public division, changes have been attempted as of late with a point of enhancing the success, effectiveness, occurrence, and privatization, of government associations. Corporate governance is also becoming more of formalizing which eventually makes it consistent and apparent in the organization's decision-making process (Bailey, & Australia. 1995 p 43).   An enterprise management system that is effective will facilitate help in the decision-making and delegation of accountability appropriately within and outside an organization.

This move makes sure that the stakeholder’ s capricious interests are balanced properly. This implies that the decisions are made in a rational, transparent and informed fashion and that the decisions made contribute to the overall effectiveness and efficiency of an organization (Marshall, K., & Marsh, 2003 p 42).  

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Blair, M. C., & Walker, G. A. (2006). Financial services law. Oxford: Oxford University Press.

Commonwealth Association for Corporate Governance., & Commonwealth Business Council. (1999). CACG guidelines: Principles for corporate governance in the Commonwealth : towards global competitiveness and economic accountability. Havelock, Marlborough, New Zealand: Commonwealth Association for Corporate Governance.

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Marshall, K., & Marsh, R. (2003). Millennium Challenges for Development and Faith Institutions. Washington, DC: World Bank.

Marshall, P. L., & World Health Organization. (2007). Ethical challenges in study design and informed consent for health research in resource-poor settings. Geneva, Switzerland: World Health Organization.

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