CORPORATE GOVERNANCE CASE STUDY Example | Topics and Well Written Essays - 1750 words

CORPORATE GOVERNANCE - Case Study ExampleHistorically, the concept of corporal regime has been at play in most of the United States (US) large companies since the 19th century, and in 2001, with the high-profile collapses of several newfangled corporations like Enron Corporation, there has been a renewed interest in corporate governance practices (Monks & Minow, 2004). And, as bust of the US federal governments campaign to restore public confidence in corporate governance, it passed the Sarbanes Oxley Act, which practically set new or enhanced standards for all the US public companies boards, management, and public report firms through eleven titles or sections including corporate responsibilities and criminal penalties, as well as requiring the Securities and Exchange bang (SEC) to implement rulings as basis for compliance with the new law (Farrell, 2005).This paper tackles corporate governance as practiced by Qantas Company in terms of its compliance to the principles and st andards of corporate governance best practices, as well its current corporate values and ethics vis--vis its corporate governance practices, using the question guides provided for this subject.Qantas free radical is an Australian company that has been one of the leaders in the aviation industry, both at the international and domestic fronts. Globally, Qantas has been one of the top six airline companies in the world for the last five consecutive years, establish on the Skytrax surveys, and has maintained its four-star official ranking worldwide (Skytrax Survey 2008). At the domestic level, Qantas is well-known as Australias very own, and is very well-supported as a full-service airline.Like the rest of airline companies around the world, Qantas besides underwent some tough times, which included an industrial dispute and subsequent maintenance backlogs, and also two in-flight incidents (Qantas yearbook Report, 2009). These somehow damaged the