Tesco PLC’s Regulatory Framework as Revealed by 2020 Annual Report

Topic

Tesco PLC’s Regulatory Framework as Revealed by 2020 Annual Report

Instructions

Analyse Tesco PLC’s Regulatory Framework as Revealed by 2020 Annual Report.

Answer preview

Corporate governance is about how directors govern companies. Because governance requires that directors act on behalf of shareholders, they must work within a regulatory framework to ensure that owners’ interests are taken into account (McLaney & Atrill, 2018). So do Tesco’s directors follow the necessary regulations? This paper examines Tesco’s scenario using the company’s 2020 Annual Report.

Tesco’s governance structure comprises the Chairman of the Board of Directors, the Chief Executive and Non-executive directors.  The role of directors, as indicated in the Annual Report, is to provide spearhead governance by enriching the company’s strategy while making an independent appraisal of the strategic vision. Tesco understands that an effective corporate governance framework is critical in the delivery of the company’s strategy.

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