Finаnсiаl Ассоunting

Select two Australian companies from the list below in the same industry, which are listed on the Australian Stock Exchange (ASX) and having voluntary disclosures made on: ‘corporate gov ernance’ and ‘corporate social responsibility’ (i.e. CSR or sustainability reporting of environmental, social and economic reporting or triple bottom line). Find the most recent year-end 2016-17 ‘annual report’ and ‘CSR report’ for each company applying ‘GRI guidelines’ (G4) (use company website or Global Reporting Initiative (GRI) web-site for the list of Australian companies providing sustainability report (https:/Awfw globalreporting.org)). I. Qantas 2. Virgin Australia 3. Origin 4. Santos 5. OceanaGold 6. BHP Billiton
In your essay, critically analysis and evaluate both ‘corporate gov emance”corporate and social responsibility’ reporting followed by each company and whether consistent with ensuring accountability and transparency to the satisfaction of shareholders/stakeholders. Identify the strengths and weaknesses of their reporting and disclosure as well as major differences along with your recommendations to advise how to minimise voluntary reporting and disclosure gaps between them. Do not attach a copy of the corporate governance and sustainability reporting. Instead. to verify provide the web address of both companies. Specific and descriptive criteria to follow: (1) There must be an introduction and conclusion section and references, and website address of the selected companies where from corporate governance and sustainability reports are downloaded. ?here must be a very brief outline of the selected listed companies and their operating activities in the respective industry sector.
(3) Abetter understanding of the concepts of voluntary disclosure as well as reporting on corporate governance and CSR is expected. (4) There must be an analysis of reporting practices of the companies whether ASX corporate gov ernance and SRI disclosure guidelines (04) are properly followed or not. The reporting practices of both companies must be compared and suggesting how more compliance is achievable. The strengths and weaknesses of reporting should be taken into account from the shareholders/stakeholders’ perspective as well as any relevant comments or recommendations therein.