п»ї Institutional Investors and Corporate Governance
Corporate Governance at Burberry scarf Group
Posted to Dr . KAROL KLIMCZAK
Date: 18. 11. 2013
Academic Season 2013/2014
В© Kozminski University 2013
DESK OF CONTENT
1 . Introduction3
2 . Burberry Group Overview3
3. Company Governance at Burberry3
4. Risk Management6
5. Concerns and Recommendations7
1 . Introduction
The company chosen for this project is Burberry shawl that has a reasonable structure and size to assess. The aim of the project should be to prepare a seance document regarding the effectiveness of governance at the Burberry scarves Group. The analysis undergoes the profile of the business, analysis of corporate governance at Burberry scarf Group, the company's problems, our recommendations and conclusion. Therefore , to get a more reliable and accurate information, each of our work is based on Bloomberg info, Burberry's newest annual information, some articles from Monetary Times, industry’s web site as well as the lectures.
2 . Burberry Group Overview
Burberry is known as a British keeping company that operates in the luxurious goods production, retailer and wholesales. It is just a global high-class brand proven in 1856. The company are operating in Europe, Asia Pacific, North and South America and the remaining world. The business provides non-apparel accessories and clothing for guys, women and children. The company is ranked inside the FTSE100 in the Consumer Durables & Clothes Sector. Burberry scarf has been around to get a century and a half, during which time its products have become connected with a special facet of British social life, the establishment because fashion setters. Its visible brand graphic and its luxurious clothing and add-ons can be found anywhere celebrities and gentry gather together.
three or more. Corporate Governance at Burberry scarves
As we have discovered upon Institutional Traders and Corporate Governance lectures, management can make a lot of difference to a industry’s success and so its talk about price. The best companies are those run by talented and experienced market leaders with solid vested hobbies in the success of the organization, held in check by a plank with sound financial and business acumen. Some of the most severe investments to keep are all those run by executives collecting great benefits as the underlying organization go to the wall structure. The Table is responsible for the governance and smooth internal functioning from the company. This controls the performance with the company. The Board has eight users: the Chief, the CEO, the Professional Vice President-Chief Financial Expert and five independent nonexecutive directors. Since it is written in Burberry Twelve-monthly Report, " the Company employs the UK Corporate and business Governance Code and is ruled by the Articles of Association, the firms Act 2006 and related legislation. The Articles of Association might be amended by special quality of the shareholders. вЂќ
The roles and required the associates of the board are decided collectively by the Board. The Directors are offered about the main on-going activities of the group through briefing about particular concerns, meetings and presentations. The Chairman plus the Company Secretary are responsible to help make the information reach the Directors' which could help in correct decision making. Apart from the Board, you will discover Audit panel, remuneration committee and the Candidate selection Committee. The nonexecutive people are the section of the audit panel. The review committee features several features. It evaluations financial statements of the group, the internal audit plus the risk management program. It makes recommendations for the appointment of external auditors. The Panel nominations will be recommended towards the Board by Nomination Panel. The company directors are chosen by the shareholders at the Total annual General Conference. To have a impressive form of governance, the company directors are knowledgeable thoroughly through induction...
Recommendations: Institutional Shareholders and corporate governance lectures simply by Dr . Klimczak
Bloomberg site: http://www.bloomberg.com/quote/BRBY:LN [10. 14. 2013]
Burberry's annual reports: http://www.burberryplc.com/investor_relations/annual_reports/financial_review [10. 11. 2013]
Burberry Group PLC: Consensus Recommendation, 2013. Monetary Times [online]. Sold at: [Accessed 23 Feb 2013].
Burberry shawl website: http://www.burberryplc.com/ [12. 11. 2013]
Burberry shawl first-half revenues pass ВЈ1bn for first-time: http://www.ft.com/intl/cms/s/0/e1a8766c-4d06-11e3-bf32-00144feabdc0.html#axzz2l0O2qLTI