Topic > Mark & ​​Spencer and Corporate Governance - 1426

1.IntroductionCorporate governance as a system is directed and controlled by companies. Initially, the board of directors should assume responsibility for the governance of the companies, which includes setting the strategic objectives of the companies, ensuring effective leadership, overseeing the performance of corporate management and reporting on them to shareholders. The board's action should comply with the law, regulations and shareholders. Furthermore, shareholders also play an important role in governance and have the right to decide who can be employed as directors and auditors of companies to provide them with a good governance structure. Therefore, corporate governance can be thought of as what a company's board of directors does and how it establishes the company's values. According to Mark& Spencer's annual report, 776 stores have opened in the UK and they aim to maintain high sales. quality, great value food and stay at the forefront of womenswear, lingerie and menswear. Furthermore, M&S attributed the high level of trust towards key companies and also focused on ensuring that corporate governance is meaningful, relevant and supports decision making with high quality across all areas of strategy, performance, accountability and accountability. Their collective and individual performance evaluation is built on honest and constructive feedback to ensure that the boundary plays the most important role in the board of directors. The governance framework is also published on their website. Therefore, M&S shareholders and stakeholders can easily find out what standards the M&S board of directors has set for itself. This report aims to assess how M&S applies corporate governance expectations and requirements based on their recent annual report, review of the composition of..... .middle of document ......appropriate succession and arrangement in pairs of both executive and non-executive directors. The diversity policy of the M&S board supports their ambitions and goals for the future. It's worth mentioning that the proportion of women on M&S's board of directors is below the 30% target. However, according to M&S's annual report, the board says it will support women playing a role at the top of the organisation. Meanwhile, the M&S board also announces that it will maintain the role of appointments based on objective criteria to ensure that the best talent with diverse experiences and backgrounds can be appointed. For example, in 2012, the M&S board appointed a new executive director for the general merchandise and food department, and in 2013 made some improvements to the chairmanship of the audit committee and the remuneration committee. (M&S annual report, 2013).