JB Hi-Fi limited is a company that is based in Australia. It usually engages in the selling of the home consumer electronic products which include the televisions, video cameras, mobile phones, home theatres, digital still and other electrical accessories like the kitchen equipment, computing equipment, the air conditioners, small electrical appliances like the car sound systems; both visual and audio and other things like the movies and games. It continues to stock exclusive specialist range of Hi-Fi products. JB Hi-Fi has its subsidiaries that include JB Hi-Fi (A) Pty Ltd, JB Hi-Fi Group Pty Ltd, Rocket Replacements Pty Ltd and JB Hi-Fi NZ Limited.
JB Hi-Fi was established in 1974 by a simple philosopher Mr. John Barbuto (JB) who was
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To ensure that the company thrives and overcomes the crisis that may come on the way, the company has various strategies and ways to overcome that and to keep the company on the track which includes constitution and board of directors which has various roles and responsibilities. The company has got a constitution and also corporations’ act. The companies’ values are the trust, integrity and honesty. The board carries out the duties in regard to the interest of the companies’
The Gross profit ratio for JB Hi Fi is a profitable ratio that showed the relationship between gross profit and the total net sales revenue, which increased from 2013 at 21.3% to 21.70% in 2014. Due to an increase margin of gross sales as a result of good marketing and reduced expenses. This improvement interprets to the shareholders of JB Hi Fi that the business is doing well. This ratio enables the company to give a good indication of its financial health for its operation to accurately manage its cash flow and expenses, which is effected by the cost of goods and services and pricing policies. As always improvement is a vital process tool which motivates the staff of JB Hi Fi to continue to attract and retain high sales to target a profit
JB Hi-Fi is an Australian specialist electronics retailer that commenced operations in 1975 and was listed on the Australian Stock Exchange in 2003 (JB Hi-Fi 2014a). In 2012, the company sought to capture a share of the home appliance market by trialling an expansion into consumer whitegoods (JB Hi-Fi 2012). Eager to ensure that this foray would not damage customer engagement in existing stores (JB Hi-Fi 2012), whitegoods were first trialled across Queensland in 2012.
Since the board is accountable for official capacities, and as the CEO is in charge of coordinating organization strategy into
JB Hi-Fi is the retailer that specializes in consumer electronics (televisions, audio equipment, computers and cameras), software (CDs, DVDs, Blu-rays discs and games), home appliances (whitegoods, cooking products and small appliances),telecommunications products and services, musical instruments and digital content (music, book and video) in Australia and New Zealand.
The board of directors play a very integral role in fostering the long term success of the company as well as promoting the interest of the stakeholders (www.northropgrumman.com) . The board has developed principles of corporate governance which majorly reinforce the company’s values of teamwork and respect for diversity among others. The board reviews the principles annually to inform if any modification is to be made. Before the final decisions are made in the organization, negotiation process is followed where the stakeholders’ views and feedback are collected and evaluated. Such evaluation of feedback ensures development of policies which are in conformity with the needs and the interest of all the stakeholders increasing a sense of loyalty and accountability of each of the stakeholders to facilitate attainment of the objectives. Such views are evaluated and reviewed by the board annually before their
HDJ-1000 has a specifically colored output. The mid-bass are given a big enhancement at the cost of other parts of the spectrum. The lower parts of the bass can sometimes be totally lost. Vocals often become shrill and treble becomes very prominent.
The paper tries to evaluate BP 's corporate governance framework. It tries to identify what responsibilities the Board of Directors and Senior Leadership should undertake before and during crisis management situations.
Board of directors managing the corporation has occurred over a period of time and over the years. Till the 19th Century, it was assumed the general meeting of shareholders was the main part of company and the boards of directors are agent of the company and the whole company is in control of shareholders in general meeting.
A board of directors is the most important body in every organization. Every organization has boards of directors consisting of a few people who are eligible to drive the organization to achieve what they want. People who are on the board of directors were among those who are believed by the company 's shareholders. They are usually a volunteer who is trustees of the corporation who represent and responsible to the company’s clients, to the community, to funders, to the government and to taxpayers as a whole. They were given a high confidence entrusted to run the company well based on knowledge and values that they have. Attributes such as trustworthiness, hardworking, confident, able to make decisions with accurate, honest, intelligent, high integrity and others should have in every individual who is a part of the board of directors. On individual attributes like these that can lead an organization to achieve the set goals as well as to enhance the
In three cities of Europe, such as Porto (Portugal), Bratislava (Slovakia) and Vilnius (Lithuania), Hi-Fi Amplifiers, are produced by Franco Sound. Each plant – Porto, Bratislava and Vilnius – is
Normally, the companies board structure which characterized by one single board contain both executive and non-executive directors. The directors are working
Keywords: Board directors, strategic change, decision making, board size, audit committee, board of directors, corporate governance, directors of corporations, firm performance, corporate boards and efficiency, firm value, board composition, board leadership structure, firm size, outside directors, inside directors, independent boards,
The board of directors is the ultimate decision making body of an organization and is responsible for major investment, financial and operation policies, and strategic directions of the company. It also provides an important supervisory role of company executive management. Moreover an audit committee and other board committee such as remuneration committee also play important role as a component of corporate governance. It is quite doubtful that One.Tel had a proper board structure. For the year 1997-98, One.Tel had four members in the board with two joint managing directors (chief executive officers) and two non-executive directors of whom one acted as the chair of the board. All board members were subject to election each year except one of the managing directors. This ensured that at least one of the existing managing directors remained as one of the CEOs for all
Bang & Olufsen was founded in Struer in 1925 by Peter Bang and Svend Olufsen. They are one of the leading providers in the market of high-end sound systems, operating in the electronic industry in both the Danish and the International Market.
JB Hi-Fi is an Australian retailer of shopper gadgets, and also a supplier of computer games and Blu-ray, DVDs, and CDs. It is a chain store operation headquartered in Melbourne.