The 4th Amendment The Fourth Amendment to The Constitution of the United States reads: “The right of the people to be secure in their persons, houses, papers, and effects, against….
Corporate governance has been a topic that has gained much prominence in companies throughout the world in recent years.
Corporate governance has been a topic that has gained much prominence in companies throughout the world in recent years. This can be largely attributed to the role that good governance or even the lack of it can have on the business’s operations. Ferrell, Fraedrich and Ferrell (2015), further emphasise that the involvement and development of formal systems of accountability, control and oversight putting in place strong corporate governance procedures eliminates the opportunity for employees to be engaged in unethical decisions. Moreover, it is acknowledged though research that firms that have strong corporate governance mechanisms have a tendency to be better corporate social citizens and are prompted to disclose their social responsibility initiatives (Ferrell et al., 2015). Such governance initiatives have proven to establish legitimacy and trust amongst stakeholders as these companies are viewed in the eyes of society as more ethical (Ferrell et al., 2015). These studies have been of importance for companies as a way to benefit from the opportunities that such practices offer. This paper explores the corporate governance practices of an ASX listed company; namely Folkestone Education Trust (FET). This ultimately assist in clarifying the entity’s ethical perspective. The report provides a comprehensive introduction and summary of the assigned real estate investment trust. Furthermore, the study investigates the corporate governance at FET, this is done by analysing the company’s corporate governance statement and their adherence to the ASX principles. It is shown thorough the research that the corporate governance practices have a great influence on the orientation of a company’s board, which has been evidenced in the FET’s Case study. Finally, an illustration and discussion of FET’s corporate disclosures such as its ann