Annual Report and Corporate Statement of WestFarmers Limited (Term Paper Sample)
Annual Report and Corporate Statement of WestFarmers Limited
source..Annual Report and Corporate Statement of WestFarmers LimitedNameInstitution
Annual Report and Corporate Statement of West Farmers Limited
Executive Summary
The annual financial report 2017 of West Farmers shows some conformity with the ASX Corporate Governance Council (CGC) of 2010. This research paper provides an analysis of the disclosure of diversity made by West Farmers Group Limited. The analysis builds on the 2017 financial report, with an aim of providing recommendations which may assist the company with their compliance through improvements and benchmarking. .
The primary role of the Board of West Farmers Limited is to approve course of the Group, monitor and guide the management of West Farmers and its trade in accomplishing its strategic objectives and oversee good governance and practice. The board of West Farmer’s strives to enhance and protect the shareholders’ interest, while considering the interest of other stakeholders such as customers, suppliers, employees, and the community at large.
Board of directors as at 30th June 2017 were; nine directors that includes eight non-executive directors. The present directors possess a suitable mix of skills, expertise, experience and diversity that enables the Board to carry out its responsibilities and deliver West Farmer’s strategic priority. The Directors of West Farmers have complied with the regulations of ASX on principle of good governance by having regard on their legal obligations and the interest of stakeholders as reported in the annual financial report of year 2017.
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