The share ownership structure and composition of WM Morrison Supermarket Plc suggest potential conflicts of interest. Conflicts of interest could arise between employees, institutional and private investors. The number of shareholders as at 29 January 2012 was 46,410 and the number of share in issue was 2,532,312. Of the total issue, over 98 percent of all the shares are held by selected companies and private shareholders (individual investors), less than 1 percent held by institutional investors like Investment Trusts, Pension Funds, and Insurance Companies. This signal the expectation of the majority of the shareholders.
Potential conflict of interest could arise as most investors are income investors, who need the company to reward their investment with dividend payment. Private investors and companies investing in WM Morrison Supermarket PLC expect a good return on their investment. The company needs to perform financially to the standard to which they can reward their owners with high return. The shareholders expect to see increased sales growth and profit margin figures over th...
The Australian Stock Exchange’s (ASX) Corporate Governance Council (2014) defines corporate governance as “A framework of rules, relationships, systems and processes within and by which authority is exercised and controlled within corporations”. One goal of corporate governance is for the board members to increase shareholder value (Tricker 2015). In order to achieve this, it is important that the board act appropriately and justly so that the best interest of investors are protected. This report will explore the effectiveness of JB Hi-Fi’s corporate governance. JB Hi-Fi is Australia’s largest home entertainment retailer, selling a variety of products at discounted prices. Over the years, they have maintained a substantial
Max was negligent in failing to warn of Joe of the hazardous door, which caused Joe’s injury.
The corporation I chose to discuss is McDonald’s. McDonald’s is a publicly traded corporation that includes the following domestic companies, McDonald’s, Chipotle Mexican Grill, and Boston Market. This paper will discuss the following:
Wm Morrison Supermarkets Plc was founded by William Morrison in 1899 in United Kingdom and also the fourth largest food retailer with more than 400 convenience stores from Bradford market stall. Their business is mainly on fresh food, fresh fruits and grocery with their unique technology procurement and quality. Nine million customers would pass through the stores to shop for their foods and grocery and 132,000 employees of Morrison would deliver great services to them such as ordered online they wants and delivered to their residential. Morrison helped consumers to save money every day by having some competitive prices and hundreds of special offers.
Team B's assignment this week was to select two different publicly traded companies in the same industry. The two companies will serve as the basis for subsequent team assignments. The two companies chosen for study are Wal-Mart and Target. This paper will provide an overview of each of the selected companies.
Conjunctively the primary internal stakeholders of Shell own its shares, also known as shareholders, in addition their employees and suppliers are involved to. This can be explained in terms of each of these interest groups; the shareholders provide Shell with the necessary funds for action, employees are inherent in Shell's operation while the suppliers are a fundamental portion of the production chain. Shell’s primary shareholders consist of stockholders, employees and the general public. They believe that it’s vital to defend shareholders’ investments, and of...
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
D’Amato, E. (2010). Australian Shareholders’ Association: Standing Up for shareholders – The top 15 financial ratios. Australia: Lincoln Indicators Pty Ltd.
“RCR conflict of interest” (n.d.) describes those involving academic activities as intangible. An academic conflict of interest can occur if an individual interferes with the peer-review process for personal gain. Bias can happen when a reviewer respond positively to manuscript because it has favorable result with personal interest, or the reviewer may sabotage the publication process in favor of his or her own gain through funding research. To disclose
From the given document it can be inferred that Albertsons has a good financial backing. It is mentioned that the company has invested half a billion dollars for technological advancements and also they are into the drug retail market which is more profitable over groceries.
In 2014, Arizona State University (ASU) set an al-time record high for student enrollment, accepting nearly 82,000 students. Being the largest public university in the United States, every member of the ASU community is a key stakeholder in Meatless Monday’s. This includes ASU faculty, staff, students and visitors. By adopting Meatless Monday’s, you could strengthen your body, mind and ultimately help keep the planet more sustainable. Since everyone has to eat, everyone is affected by this matter. The ASU community has the power to make difference, but only you can make the change.
While the company usually cannot have any direct impact on them stakekeepers can constrain or impose regulations (Fassin 2009). Fassin (2009) finds some analogy between the stakekeeper and the term gatekeeper as it works as an outside and independent observer who has some power to scrutiny, screen and grade to some level. As it was described by Coffee (2006) Stakekeeper usually provide verification and certification for investors and “act by pledging their reputational capital to the corporation”. Using this definition we discuss the Stakekeepers disclosed by Coca-Cola
① Investors. The interests of investors are derived from capital gains and dividend income. Capital gains are the result of the capital markets business capital prices. Dividend income is closely related with corporate profitability, risk levels, operational efficiency and development potential . Woolworths company's stakeholders include investors.
Stakeholders are those groups or individual in society that have a direct interest in the performance and activities of business. The main stakeholders are employees, shareholders, customers, suppliers, financiers and the local community. Stakeholders may not hold any formal authority over the organization, but theorists such as Professor Charles Handy believe that a firm’s best long-term interests are served by paying close attention to the needs of each of these stakeholders. The modern view is that a firm has responsibilities to all its stakeholders i.e. everyone with a legitimate interest in the company. These include shareholders, competitors, government, employees, directors, distributors, customers, sub-contractors, pressure groups and local community. Although a company’s directors owes a legal duty to the shareholders, they also have moral responsibilities to other stakeholder group’s objectives in their entirely. As a firm can’t meet all stakeholders’ objectives in their entirety, they have to compromise. A company should try to serve the needs of these groups or individuals, but whilst some needs are common, other needs conflict. By the development of this second runway, the public and stakeholders are affected in one or other way and it can be positive and negative.
As a company, Wesfarmers have its main strength in its huge size, capital, financial management, diversification, retail supermarket section, employee retention (7 CEO in 100 years) and top employee selection. The Weakness is immobility, high expectation of shareholders concerning growth, ROE, EPS and capital return, less growth opportunity in Australia, zero experience on overseas expansion, less personal label products, weak departmental stores, adverse economic and political situation. Opportunities for Wesfarmers are huge also – focusing on niche marketing, overseas expansion, good investment opportunities in future sustainable products and venture capital, investment in its other sections alongside home ware supply and retail supermarket. But for Wesfarmers threats are many too. First, new but strong competitors Aldi, rejuvenated Woolworths, board without previous retail experience, poor NPV projects choose by managers as they have a lot of money to waste, wrong acquisition, possible disasters in overseas