Qantas Corporate Governance
MGMT20144Management and Business Context
Term 3, 2016
Course Coordinator: Dr Geoffrey Chapman (firstname.lastname@example.org)
Applying Contextual Factors
On campus students
You will work on this report task individually. You will be required to show understanding
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Report an abuse for product Qantas Corporate Governance
Business organizations are professionally run through systems that are put in place to ensure that the interest of all stakeholders are represented and served (Sun, 2009). Corporate governance is a concept that refers to the mechanisms, processes, and the relationship through which business organizations are controlled and directed (Gregory & Simms, 1999; Schmidt& Marcel,1997). It is a concept that defines how the rights and responsibilities are shared among the different participants, including the rules, procedures, and decision making in the organization (Youssef, n.d.). Unfortunately, recent scandals like Enron and many others have exposed weaknesses in corporate governance structures in place for most organization. Through the case study of Qantas, this report looks into how corporate governance can be used to improve the business of an organization, to make it more competitive.