Essays on BG Group Corporate Governance Assignment

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The paper "BG Group Corporate Governance " is a great example of a finance and accounting assignment. The Group Executive Committee (GEC), under the chairmanship of the Chief Executive, contains the Executive Directors of BG Group, together with the Non-executives. The GEC’ s most important authority is the everyday running of the Group’ s processes, contained by the established confines laid down by the Board. The GEC is in charge of keeping an eye on strategic risk, functioning organization of the Group as well as health, safety, security and environment (HSSE) strategy. The GEC has moreover assumed the main performance management tasks of the Group, formerly entrusted to the Group Performance Committee that was split up at some point in 2012.

In addition, the GEC has established sub-committees focusing on particular facets of the Group’ s business to help the inefficient running of its activities. The UK Listing Rules specify that listed companies have got to incorporate in their yearly report a declaration of whether the company has acted in accordance with all the applicable requirements of the UK Corporate Governance Code (the Governance Code).

In September 2012, the Financial Reporting Council (FRC) availed a new edition of the Governance Code (the New Code). The New Code applies to BG Group from 1 January 2013. While reporting in line with the Governance Code in relation to 2012, BG Group is dedicated to working in unity with the premier principles of corporate governance and has by now put into practice and conformed to all the provisions of the New Code. This report is projected to help out with the assessment of the Group’ s conformity in the 2012 financial year in addition to providing an in-depth review of BG Group’ s Corporate Governance Structure.     Introduction Corporate Governance is the set of procedures, guidelines and regulations that influence the manner in which a company is managed.

The UK Corporate Governance Code (previously the combined code) sets out the values of high-quality practice to be applied by companies listed in equity markets in the United Kingdom (UK).

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