Qantas Governance Framework Analysis
3 Qantas; Governance assessment and Recommendations 3.1 Overview of review An independent assessment of the Governance Framework was commissioned by the Qantas board in order both confirm adherence to the framework as well as to consider recommendations and improvements. Qantas have a strong governance framework (Anon, 2016) as is mandated by its regulatory requirements and resulting obligations to its shareholders and the Australian security exchange (ASX, 2014). This assessment was completed via the use of publically accessible documentation that outlines existing governance practices within the Qantas group. 3.2 Qantas Governance framework review This review will consider each of the four areas of the governance framework as discussed in section two above, applying them to Qantas. With a view to discerning both adherence to the framework as well as seeking to identify recommendations for improvement. 3.2.1 Defining governance roles …show more content…
Qantas has a board comprised of eight independent directors as well as the CEO. In addition, there is the existence of several review committees to manage the size and scope of the businesses operations. This emphasis on outside directors predisposes it to a heavy conformance emphasis as the nature of the outside directors dictates they would have limited ability to be active in operational issues, placing a greater emphasis on the abilities of the CEO. The introduction of additional executive directors could afford Qantas with enhanced operational decision making abilities moving
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