Corporate Governance Essay Example | Topics and Well Written Essays - 2250 words

Corporate Governance - Essay Example 5,6). A Director is considered independent provided he or she is free of any business or other relationship with CCA or a related party which could reasonably be perceived to materially interfere with the exercise of their unfettered and independent judgment. A related party for this purpose would include the Coca-Cola Company (Coca-Cola Amatil Limited , 2012, p. 9). a) Does the board have a remuneration/ compensation committee? Yes, the Board has a compensation committee which gives the quantum and structure of compensation(Coca-Cola Amatil Limited , 2012, p. 14). The Board (on the recommendations of the Committee) has set a remuneration strategy that supports and drives the achievement of CCA’s strategic objectives (Coca-Cola Amatil Limited , 2012, p. 19). b) Does the board monitor and review outcomes of the remuneration system in place to ensure that the remuneration system is operating as intended?Yes, The Compensation Committee (Committee) is responsible for reviewing the nature and amount of the Group Managing Directors and senior executives’ remuneration (Coca-Cola Amatil Limited , 2012, p. 19). a) Does the board oversee the overall function of the company of strategic objectives, risk strategy, corporate governance and corporate values? Yes, the coca cola company has laid a good foundation of management and oversight which includes monitoring, reviewing and laying a strategic direction for the company(Coca-Cola Amatil Limited , 2012, p. 9). b) Do the board members posses appropriate experience, competencies and personal qualities and qualified to hold the governance position?Yes, the nomination Committee reviews the Board’s composition to ensure that it comprises Directors with the right mix of skills, experience, expertise and diversity to enable it to fulfill its responsibilities to shareholders (Coca-Cola Amatil Limited , 2012, p. 9). c) Has the board established a proper