ASX Corporate Governance Council's Principles and Lend Lease's Corporate Governance Statement

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BABC001
ACADEMIC BUSINESS
COMMUNICATION

ASSIGNMENT 3: Final Report

Name: Mr. Tracy Tang
Student number: 11125307
Class: D2
Tutor’s name: Ms Doris Soh
Due date: 29th May, 2013
Similarity: ____ %
Word count (excluding reference list): 1506

DECLARATION

I confirm that the material contained is this assignment is my own work and has not been submitted in any other subject or course. I am aware of plagiarism and its penalties, and have acknowledged all material and sources used in the preparation of this assignment.

Signature: Date:

Table of Contents

Executive Summary i

1. Introduction 1

2. Corporate governance and Business Ethics 1

3. ASX Principles Relating to Business Ethics 2 3.1 Principle 2: Structure the Board to Add Value 2 3.2 Principle 4: Safeguard Integrity in Financial Reporting 3

4. Lend Lease’ Corporate Governance Statement 3 4.1 Structure the Board to Add Value 4 4.2 Safeguard Integrity in Financial Reporting 4

5. Conclusion 5

6. References 6

Executive Summary
The purpose of this report is to define corporate governance and explain its relevancy to business ethics. Besides, the paper will examine two ASX corporate governance principles and evaluate a company’s (Lend Lease) corporate governance statement to assess how well it relates to ethics. The report is based on several professional business magazines and websites and academic reports, especially ASX Corporate Governance Council’s corporate governance principles and information in Lend Lease’s corporate governance statement 2012. Corporate governance is

References: 6 Reference ASX Corporate Governance Council, 2010, Corporate Governance Principles and Dashew, L. 2009, Importance of Independent Directors, The Human Side of Enterprise, viewed 13 May 2013, Deloitte, 2013, Audit Committee Brief: Highlights from the AICPA’s 2012 SEC and Faleye, O. 2007, Does One Hat Fit All? The Case of Corporate Leadership Structure, Northeastern University, Boston. Lend Lease, 2012, Corporate Governance Statement 2012, Lend Lease Corporation Limited, Sydney. McManus, J. & White, D. 2008, ‘A governance perspective’, Management Services, vol.52, no.2, pp.14-20. Owen, J. 2003, The Failure of HIH Insurance Volume 1: A Corporate Collapse and Its Lessons, Commonwealth of Australia. Parum, E. 2006, ‘Corporate Governance and Corporate Identity’, Corporate Governance, vol.14, no.6, pp.558-567. Sullivan, J. 2009, Global Corporate Governance Forum Focus 7 ---- The Moral Compass of Companies: Business Ethics and Corporate Governance as Thomson, L. 2009, What is Corporate Governance, The Economic Times, viewed 2