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摘要
自2001年以来，现代企业都对公司治理和商业道德充满了极大的兴趣,特别是目睹了美国许多大型公司的破产之后，现代企业为了更好地发展，开始探索前进的方向和道路。一个杰出的商业创始人——加布里埃尔·奥多将公司治理作为公司运营的内部系统，涉及到政策,流程和职员,这有助于满足利益相关者的需求,指导和控制管理活动，并具有良好的业务目标、责任和完整性。(多诺万,2007)一个公司需要建立有效的公司治理结构,良好的道德商业行为和行为准则。在建立有效的公司治理实践并倡导良好的企业道德过程中,澳洲证券交易所等公司治理委员会的企业治理结构原则和建议是一个很好的指导方针。福斯特集团有限公司,是世界上最大的高档品牌饮料公司之一,在公司的治理实践和商业道德发展中，积极探索，奋力发展。
Executive Summary
There has been restored interest in corporate governance and business ethics of modern companies since the year 2001, particularly on account of the bankruptcy of many large U.S. corporations. And a prominent business author named Gabrielle O'Donovan regards corporate governance as an internal system revolving around policies, processes and people, which help satisfy the needs of stakeholders by directing and controlling management activities with good business objectives, responsibility and integrity. (O'Donovan, 2007) A company needs to develop effective corporate governance, good moral business behaviors and codes of conduct. In establishing effective corporate governance practices and advocating good enterprise ethics, the corporate governance principles, such as the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations is a very good guideline. Foster’s Group Limited, one of the world’s greatest premium branded drinks companies, works very hard on developing effective corporate governance practices and business ethics.
A table of contents Introduction………………………………………………………………..2 Corporate governance and business ethics………………………………3 Corporate governance Principles…………………………………………5 Corporate governance statements…………………………………………6 Conclusion …………………………………………………………………..8
Reference……………………………………………………………………9
Introduction
Corporate governance is “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations.” It encompasses the mechanisms by which companies, and those in control, are held to account. (Owen, 2003) Corporate governance is of great importance. A successful company has a good corporate governance system with an aim to accomplish its long-term strategic goals, bring considerable benefits to shareholders, board of the directors, employees, consumers and suppliers. Foster’s, short for Foster’s Group Limited, is headquartered in Melbourne, Australia and one of the world’s greatest premium branded drinks companies. Foster’s Group Limited is now the union of some world’s best-loved quality beverage companies dealing in high-quality beverage including beer, wine, spirits and ciders. As for corporate governance, Foster’s possesses an effective corporate governance system which is conducive to sustainability leadership and engaging shareholders, the achievement of the objectives of the company, the assessment and minimization of risks, the guaranteed benefits of the employees. In addition, as a modern company, Foster’s Group Limited is also working very hard on the strengthening and development of business ethics and putting the emphasis on the importance of the enterprise ethics in developing effective corporate governance system. In order to realize the effective corporate governance, Foster’s complies with some corporate governance Principles among which is the company’s responsibility to deliver its corporate governance statements.
Corporate governance and business ethics
Business ethics, also called enterprise ethics, is the ethical principles, rules and moral standards that guide business behaviors in companies. With the increasing scandals arising and known to the public, some companies have lost the public’s trust and confidence with the result that these companies have no choice but to go broke and bankrupt. Meanwhile, certain apartment buildings called ‘bride buildings’ collapsed and some babies grew abnormally because of some fake or low-quality milk powder. Faced with so many tragedies and scandals caused by the misconducts and unethical behaviors of companies, corporations must integrate business ethics into corporate governance and stress the importance of business ethics in effective corporate governance. 1. Business ethics is an integral part of all aspects of corporate governance
Effective corporate governance is a system of proper corporate governance structure which is concerned with the distribution of rights and obligations among the shareholders and board of the directors, of policies which deal with working conditions, of work performance appraisal which specifies the way employees can get rewards for their contributions to companies, of rules and regulations on safe production. In corporate governance, companies should make sure the working conditions shall do no harm to the health of the employees or pose threats to their safety; in corporate governance concerning the quality of products, companies must follow the standards for safe production instead of doing shoddy work with the use of inferior materials in order to make more illegal profits; corporations live up to corporate social responsibilities and take into consideration the impact of development on the environment rather than bringing about catastrophic environmental consequences. However, an International Survey of more than 300 companies worldwide suggests some serious ethical issues exist within these companies: Unauthorized Payments, production incidents, inappropriate gifts, environmental pollution. All this are mainly caused by the lack and overlook of enterprise ethics in companies. In the new age, ethics have to be integrated into business and business ethics into corporate governance. In terms of business ethics and corporate governance, Foster’s does a very good job for the following performances.
Checks and balances: Stockholders supervise managers and board of the directors and ensure that they are behaving ethically and not risking investors’ capital by doing some deeds that might hurt the company’s fame.
Safe production: customers are the most critical stakeholders. The company works to deliver safe and premium beverage to millions of consumers every day.
Corporate social responsibilities: As an iconic Australian company, Foster's has for long been a part of Australian culture and the broader community. Through the Foster's in the Community program, the company endeavors to provide responsible support. 2. Effective corporate governance is based on good business ethics and enterprise ethics is a very important criteria for assessing a company’s corporate governance
Good business ethics is the guarantee for the effective corporate governance. The fact that Foster's is among the world’s largest premium beverage companies suggests the effective corporate governance and good business ethics
Corporate governance Principles
In developing corporate governance Principles, business ethics is very important because good corporate governance Principles reflect some very good corporate governance practices which is based on moral and ethical business behaviors. For example, the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations encompass some evaluation system which assists a company in designing work performance appraisal in corporate governance, work performance appraisal should be as fair and just as possible so that employees’ performance can be evaluated based on their contributions to companies not on personal intimacy or estrangement. |
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