Governance and Ethics Assignment Example | Topics and Well Written Essays - 5000 words

Governance and Ethics - Assignment Example vary within the organisations according to their size and industry specifications, wherein the role of international policy standards like IFRS and FRS play a crucial role. Additionally, the role of board of the directors pertaining to compliance with ethics and corporate governance are similar to that of the functions related to company’s risk management. In general, a standard ethical code entails the company’s mission and vision statements along with the decision-making framework among others (Deloitte LLP, n.d.). In the views of IFC (n.d.), there are few basic advantages of compliance with governance codes and ethical standards. The benefits, such as knowledge dissemination, transparency and flexibility amidst the corporate governance code are associated with compliances and ethics. Concerning the benefits of knowledge dissemination, it can be observed to assist in exploring information about the best practices of corporate governance amidst the organisations. Flexibility amidst the corporate governance code also provides a scope to the organisations to adopt the practices according to the necessity of the stakeholders. Furthermore, transparency is vital for the shareholders to have a brief understanding about the company’s position in the market, which apparently indicates that certain risks are associated with the financial disclosure practices conducted by organisations (Wong, 2008) Accordingly, this report intends to discuss about the compliance and the disclosure of the principle of governance related to a major public company, i.e. Sports Direct Company with focus on the provisions, which the company follows and any non-compliance standard, if persisting in relation to the disclosure practices conducted by the entity through its annual reports and accounts. Furthermore, this study will discuss about the disclosures with regards to the aspect of corporate governance. Apart from this, the study will also assess the company’s risk management