The format and style of the silent and shadow reports presented here were guided by the sample silent and shadow reports prepared by Gibson K, Gray R, Laing Y, and Dey C in the Centre for Social and Environmental Accounting Research. …
Download file to see previous pages...
Used as models are the silent and shadow accounts from Tesco and HSBC, written by the aforementioned authors, and available at http://www.st-andrews.ac.uk/~csearweb/aptopractice/silentacc.html The same style and format are adapted and applied to BHP Billiton, as follows. Silent Report Mission and Policy Statements We are the world’s largest diversified natural resources company. Our corporate objective is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources. We pursue this through our consistent strategy of owning and operating large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market. This strategy means more predictable business performance over time which, in turn, underpins the creation of value for our shareholders, customers, employees and, importantly, the communities in which we operate. We are among the world’s top producers of major commodities, including aluminium, energy coal, metallurgical coal, copper, manganese, iron ore, uranium, nickel, silver and titanium minerals, and have substantial interests in oil and gas. We continue to invest in the future. Corporate Governance Statement The objective of BHP Billiton is to create long term value for shareholders through the discovery, development and conversion of natural resources, and the provision of innovative customer and market-focused solutions (Corporate Objective). The role of the BHP Billiton Board is to represent the shareholders and to promote and protect the interests of the Company. It does so by governing the Group. The Board has developed processes relating to: A. its own tasks and activities (Board Membership and Process) B. the matters specifically reserved for Board decision-making, the authority delegated to the Chief Executive Officer (CEO), the accountability of the CEO for that authority, and guidance on the management of the relationship between the Board and the CEO (Board and CEO Relationship); and C. the boundaries on CEO action (CEO Limits). Compliance with corporate governance BHP Billiton complies with the governance standards in our home jurisdictions of Australia and the UK, and with the governance requirements that apply to us as a result of our New York Stock Exchange (NYSE) listing and our registration with the Securities and Exchange Commission (SEC) in the US. There are summarised in the Corporate Governance Statement, the Remuneration Report, the Directors’ Report and the financial statements. Business principles and values The implementation of the Group’s strategy and our ongoing performance depends on the quality and motivation of our people. Our purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources. Our strategy is to own and operate large, low-cost, expandable, upstream assets diversified by commodity, geography and market. Our focus on the safety and health of our workforce, our fundamental drive for sustainability across all our business operations, our concern for the environment and communities within which we work, and our management of operational risks are reflected through our remuneration policy and structures. Board and committee structure The Board will always have a majority of Directors who are non-executive and are judged by the Board to be independent of judgement and character and free of material relationships with the Group and other entities and people that might influence or would be perceived by shareholders to influence such judgement. The Board will have the balance of non-executive and executive Directors that is effective for the promotion of shareholder interests and the governance of the Group. The
...Download file to see next pagesRead More
Cite this document
(“Silent and Shadow Reports for BHP Billiton Essay”, n.d.)
Retrieved from https://studentshare.org/business/1396452-corporation-of-social-responsibilities
(Silent and Shadow Reports for BHP Billiton Essay)
“Silent and Shadow Reports for BHP Billiton Essay”, n.d. https://studentshare.org/business/1396452-corporation-of-social-responsibilities.
3. To provide the latest news and information about the company’s affair and latest happenings at the company. 4. To assist shareholders about the financial status of company by providing latest quotations, financial statements and other information useful to shareholders.
The group has a global presence with more than 100 operations in 25 countries. The group's petroleum customer sector group (CSG) is a global oil and gas business with producing assets in six countries. The base metals CSG is one of the world's top producers of copper, silver, lead, and uranium, and a leading producer of zinc.
Chaplain’s history and documented materials have been recorded in various databases, including magazines, videos and internet databases among others sources. While materials such as magazines and newspapers of the early 19th century period containing Chaplain’s content can be hard to trace, the internet provides these archives.
?????? '' which means “The art of the Muses”. “Muses” were the Greek goddesses who create the inspiration of literature and arts in the ancient culture with poetic lyrics and myths. In theory, to create music or maybe it would be more accurate to say to create sound, some special things such as notes, tempo, rhythm, scales, chords, harmony, melody and especially instruments to take out the sound are needed.
Accounting Theory Table of Contents Table of Contents 2 Introduction 3 Areas of Corporate Governance in BHP Billiton Limited to Alleviate the Risk of the Corporate Failure 3 Reasons to the Areas Justified With Relevant Accounting Theories 5 Conclusion and Recommendations 6 References 7 Introduction Corporate governance comprises of the regulatory and the market mechanism along with the roles and the relationship between the management of a company with its shareholders and stakeholders at large.
It developed a good brand value from the years of experience. It diversified its operations across number of countries concentrating on petroleum business. Its operations are more than 100 in 25 countries. Its cash flow is stable from number of years indicating that its record of Accounts Receivable and Accounts Payable was good in spite of developing fixed assets.
Leaders like this can give the whole concept of leadership a bad name and can cause people to avoid being involved in leadership at all costs. But, it doesn’t have to be that way because with the right checks
The introduction of shadow banking in the industry has led scholars to examine the concept of this new sector and categorize its services and operations in a clear manner. This paper defines shadow banking, highlights
; it about thinking of a space differently, this will begin in understanding how architecture can influence the lives of people not just physically, but metaphysically as well. This study looks towards the atmosphere and provision of information relating to water wave shadows.
In the process of aging, the firm heavily structures and restructures its corporate governance to advance the profitability metrics. The strategic management concepts improve productivity amidst a challenging business environment. The strategic management approach ensures that the business minimizes losses by bettering operations
10 Pages(2500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Silent and Shadow Reports for BHP Billiton for FREE!