Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Company Accounting: ASX Corporate Governance Principles

tag 0 Download4 Pages 811 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Discuss about the Company Accounting for ASX Corporate Governance Principles.



Australia’s corporate governance and continuous disclosure framework is regarded the best in the world. This is the reason why it has also been adopted by various other jurisdictions. Moreover, the Corporations Law in Australia require organizations to keep the market informed of significant developments and there are negative consequences for those who fail. In relation to Getswift Ltd, it is notable that the acquisition of Pursuit Pty Ltd necessitates variations in its current corporate governance practices so that it can easily adhere to the ASX Corporate Governance Principles.

In relation to structuring the Board of the company, it is notable that there are no committees established for the purpose of discharge of responsibilities. Furthermore, since acquisition of Pursuit Pty Ltd is a major task for Getswift, it is recommended that it facilitates proper provisions for the establishment of relevant committees like the nomination committee. The reason why establishment of such committee is crucial for the company can be attributed to the fact that it assists in examining the selection and appointment approaches of the company[1]. Furthermore, such committee must comprise of only non-executive directors who are responsible for reviewing Board succession measures, assessing performance of the Board and directors, and evaluating required and desirable competencies of such board members. Overall, with such recommendation, the company can be easily assisted in discharging its responsibilities in an effective way. Another crucial recommendation for the company in relation to compliance with the ASX Corporate Governance Principles is that it must make proper provisions for establishing an audit committee. Since the company has not designed an audit committee and it is overseen by the Board, it must be noted that integrity of financial reporting can only be attained through an audit committee[2]. Without an audit committee, Getswift cannot facilitate good corporate governance measure in the entire industry and may fail to achieve penetration into the market even by acquiring its major customer Pursuit Ltd. Furthermore, in relation to this, it must be noted that such establishment of audit committee must also have their own charter wherein the roles and responsibilities of committee members are clearly laid down. Moreover, if integrity of financial reporting is obtained through establishment of an audit committee, the company can easily comply with ASX Corporate Governance Framework[3]. Besides, such integrity is demanded by every stakeholder in the market and if Getswift does not consider such recommendation, it may fail to retain trust and confidence on the part of such stakeholders.


The third recommendation to Getswift Ltd is that it must establish an efficient remuneration committee in its framework so that it can adhere to the requirements of ASX Corporate Governance Principles. The reason behind this can be attributed to the fact that the scale and size of the company has restricted it to frame a remuneration committee that will result in future complications after acquisition of Pursuit Ltd. Moreover, the roles and responsibilities of such committee are overseen by the Board of Getswift itself, thereby creating a scenario wherein it is becoming overburdened in nature. In relation to this, it is recommended to the company that it must design a proper remuneration committee so that the policies associated to remuneration are focused upon in an effective way. Besides, such committee must primarily comprise of non-executive directors of the company wherein majority are independent in nature[4]. However, if the board can manage the roles and responsibilities of the Group, it can do so but there are various guidelines in relation to remuneration of executives and non-executive directors. In relation to this, it is observable that the company offers remuneration to its non-executive directors based on the level of remuneration paid to non-executive directors by organizations of similar size in the industry[5]. It is recommended that the company must remunerate its non-executive directors normally in the form of cash, superannuation contributions, non-cash benefits, or equity. Furthermore, such directors must not receive bonus payments or options by the Board. In addition, these directors must not be offered retirement benefits except for superannuation advantages. Therefore, the company must consider this recommendation of overseeing its fair and responsible strategy of remuneration for complying the objectives or requirements of ASX Corporate Governance Principles.

Therefore, these recommendations can be taken into consideration that can allow Getswift comply with ASX requirements and effectively acquire its primary consumer named Pursuit Pty Ltd.



Fen Osler, Hampson. Turbulent Peace: the Challenges of Managing International Conflict, Washington, 2012.

Kowalewski, Oskar. “Corporate governance and corporate performance: financial crisis.” Management Research Review 39, no. 1 (2016): 1494-1515. doi: 10.1108/MRR-12-2014-0287

Marc, Goergen. International Corporate Governance, Prentice Hall, 2012.

Rachael Ajomboh, Ntongho,.“Culture and corporate governance convergence.” International Journal of Law and Management 58, no. 5 (2016): 523-544. doi: 10.1108/IJLMA-04-2015-0016

Thomas, Clarke. International Corporate Governance, New York: Routledge, 2010.


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2019). Company Accounting: ASX Corporate Governance Principles. Retrieved from

"Company Accounting: ASX Corporate Governance Principles." My Assignment Help, 2019,

My Assignment Help (2019) Company Accounting: ASX Corporate Governance Principles [Online]. Available from:
[Accessed 12 December 2019].

My Assignment Help. 'Company Accounting: ASX Corporate Governance Principles' (My Assignment Help, 2019) <> accessed 12 December 2019.

My Assignment Help. Company Accounting: ASX Corporate Governance Principles [Internet]. My Assignment Help. 2019 [cited 12 December 2019]. Available from: has been recognized as the safest dissertation help company in Australia. We conduct a rigorous interview process to select most experienced and talented dissertation experts. This is how, we fulfill students search can someone do my dissertation perfectly or who can write my dissertation plagiarism free and provide them needed academic assistance. Apart from writing help. we also provide dissertation editing services to help students submit perfectly written dissertation.

Latest Accounting Samples

HI5017 Managerial Accounting

Download : 0 | Pages : 13

Answer: Introduction: With the increasing speed of globalisation, all business organisations are focused towards raising their profits. Under such condition, when there is increase in sales revenue, the variable costs tend to rise as well. Hence, this has mandated the need for the organisations to select a suitable costing method having the ability of recording and analysing the business costs (Chenhall and Moers 2015). In the current moderni...

Read More arrow

FIN200-Techniques For Evaluating The Stock

Download : 0 | Pages : 10

Answer: Introduction: Investors use different type of techniques for evaluating the current valuation of the stock and detect viable investment scope, which helps in strengthening their portfolio. The different valuation such as CAPM model, minimum variance portfolio, capital market line and security market line is used for enhancing their exposure in the capital market. investors utilize the methods such as technical and fundamental analysis...

Read More arrow

HA2032 Corporate And Financial Accounting 6

Download : 0 | Pages : 12

Answer: Introduction:  Corporate regulations are the established rules and provisions that corporations have to comply with in order to continue business operations in the long run. Contraventions of mandatory corporate regulations by entities shall be dealt with as per the provision of the act that governs the corporate regulations in a country. In Australia, Corporations Act 2001 is the act that contains all necessary rules and regulat...

Read More arrow

HA3011 Advanced Financial Accounting 4

Download : 0 | Pages : 11

Answer: Part A: In order to raise the profitableness of the financial data, the operating statements of the business organizations are needed to acquire the subjective features. There are two kinds of subjective features of financial reporting. They are Fundamental subjective features and Enhancing subjective features. The main components under fundamental subjective features are Applicability and Trustworthy Presentation; and the main compon...

Read More arrow

ACCT71-303 Accounting Theory And Application

Download : 0 | Pages : 9

Answer: PART I Treasury Wine Estates Ltd (TWE) demerged from Foster’s Group in 2011 and became a global wine company based in Australia. Being within the top five wine producers throughout the world it is the owner of a portfolio that is inclusive of Pinfold’s & Wolf Bass, 19 Crimes, Maison de Grand Esprit as well as US wines like St Jean and Sterling. The company owns a treasury with nearby 13000 planted hectares having over ...

Read More arrow

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

755 Order Completed

95% Response Time

Douglas Cowley

Masters in Finance with Specialization in Audit

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1692 Order Completed

98% Response Time

Alfred Dodd

PhD in Computer and Information Science with specialization in Database

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens


London, United Kingdom

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

Thank you for such a good job, this site has been a God sent for me. It has helped so much. God bless you all for all you do.


User Id: 294335 - 11 Dec 2019


student rating student rating student rating student rating student rating

Good work. Assignment met my expectations. More relevant to the questions. Solution was available before the deadline.


User Id: 249497 - 11 Dec 2019


student rating student rating student rating student rating student rating

it perfect assignment, I really want to thank you for helping me.It is a great job.


User Id: 265909 - 11 Dec 2019


student rating student rating student rating student rating student rating

I got the assignment very fast and normally give it to me before the eariest due time.


User Id: 90969 - 11 Dec 2019


student rating student rating student rating student rating student rating
Have any Query?