Corporate Governance and Ethics for Securities - myassignmenthelp

Question: Discuss about theCorporate Governance and Ethicsfor Australian Securities. Answer: Corporate Governance The corporate governance is a term which set the some rules, policies, processes and system of the organization which is authorized and controlled. The attributes of the corporate governance is basically introduced for the increasing of the Australian business environment (Ali 2016). The structure of the corporate governance is framed for the mere compliance with regulatory requirements (Beekes, Brown and Zhang 2015). The hard law which is the Australian Government has set the rules for the implementation of legislative requirement and introduced the Corporation Act 2001(Cth). Another part is soft law which is introduced for the listing rule in Australian Securities Exchange Limited (ASX) (Ali 2016). The non-binding guideline which is not officially in the corporate governance but it has been included in the ASX Corporate Governance Councils Principles and Recommendations (ASX Principles). The structure and framework of the corporate governance has been used in the company which helps to frame the corporate ethics and control the aspects of the corporate governance (Tricker and Tricker 2015). The current corporate governance has a designed frame work which is included in the characteristics of the organization (Anon, 2017). It has a particular regulation and liability of the directors who perform according to their duty of care (Beekes, Brown and Zhang 2015). It helps to structure the principal based system of governance where the institutional investors and strong investment structures has been framed (Sivathaasan 2016). Therefore it should be mentioned that the corporate governance is most important part for governing the company to maintain their own sovereign state according to their customs, policies, and laws (Ali 2016). The shareholders reorganization, stakeholders interests is the part of the corporate governance where board should maintain the responsibilities where it should be clearly mentioned (Anon, 2017). Under the corporate governance the ethical behavior is also important where it will affect the civil and legal obligations of the companys provide the good code of conducts in the company (Tricker and Tricker 2015). The business transparency is helped to promote the shareholders trusts while it helps to record the financial stabilities, earn the reports and other guidance in the corporate governance (Beekes, Brown and Zhang 2015). The corporate governance also use as risk mitigation while it promotes the executive effectively for the prevention of the corporate scandals, fraud and other civil and criminal liabilities also (Ali 2016). Therefore the corporate or the organization never runs the system without the application of the corporate governance (Tricker and Tricker 2015). It makes the corporate to make the effectiveness and keep it honest and out of every trouble because if it shares philosophy for break down the corporate governance then the company will be affective and the product outcomes will become defected for construct the management (Sivathaasan 2016). Most of the time the company has held liable for the failure of the corporate governance and the organization get corrupted (Ali 20 16). Therefore due to the fall of the gravity of the corporate governance, the ASX Corporate Governance Council affects the financial reports, criminal investigation and other bankrupts (Anon, 2017). Therefore the dishonest and unethical behavior make the bad affect towards the shareholders flee out of fear, distrust and disgust (Beekes, Brown and Zhang 2015). According to the corporate structure the organization make as standards of the ethics where it helps to operate the company according to the actual corporate governance (Tricker and Tricker 2015). It set a appropriate codes of ethical dilemma where it can maintain the good quality and standards of manufacturing which helps the corporation to keep maintain the good quality and companys reputation (Ali 2016). The structure of the board and their role and responsibilities helps the strategies, resources, performance, conformance and the accountabilities of the shareholders (Beekes, Brown and Zhang 2015). The ethical behavior is one of the important parts in the transparency of the business. The unethical behaviors never accepted in the corporate business premises because it will violate the constitution of the company which is will be not granted (Sivathaasan 2016). The misrepresentation and misconducts never helps the corporate to uplifts its values regarding the ethical decisions of t he company (Tricker and Tricker 2015). Therefore it is important to make a best structure through the application of the corporate governance (Beekes, Brown and Zhang 2015). In one of the case where the CPAs board of directors and CEO Alex Malle has makes the highlights when they introduced new corporate governance as per the ASX Code of Corporate governance (Sivathaasan 2016). They have replaced it with a new code which is included by stronger legislations (Ali 2016). When the governance applied in the corporation directly it will only allowed the commercial corporation lists o the exchange of the governance principal who uses the ethics. Therefore non-listed organizations never applied such ASX codes for the remuneration has make the corporation peers where the elected directors with on- executive independent directors should works according to the management or substantial shareholders (Tricker and Tricker 2015). Reference Ali, S., 2016. Corporate governance and stock liquidity in Australia: A pitch. Journal of Accounting and Management Information Systems, 15(3), pp.624-631. ArAs, G., 2016. A handbook of corporate governance and social responsibility. CRC Press. Beekes, W., Brown, P. and Zhang, Q., 2015. Corporate governance and the informativeness of disclosures in Australia: a re?examination. Accounting Finance, 55(4), pp.931-963. Sivathaasan, N., 2016. Corporate governance and leverage in Australia: A pitch. Journal of Accounting and Management Information Systems, 15(4), pp.819-825. Tricker, R.B. and Tricker, R.I., 2015. Corporate governance: Principles, policies, and practices. Oxford University Press, USA. www.icsi.edu (2017). [online] Available at: https://www.icsi.edu/WebModules/PP-EGAS-2016%20-%20Full%20Book%20(2)%2002feb2016.pdf [Accessed 4 Sep. 2017]. Young, S. and Thyil, V., 2014. Corporate social responsibility and corporate governance: Role of context in international settings. Journal of Business Ethics, 122(1), pp.1-24.