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

Governance and Ethics - Assignment Examplevary within the organisations according to their size and diligence 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 contour with ethics and collective governance are similar to that of the functions related to companys risk management. In general, a standard ethical code entails the companys 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 ami dst the organisations. flexibleness 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 sympathy about the companys 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 c ompanys risk management