Swot Analysis Of Qantas Group

1205 Words5 Pages
Qantas Group Policies The Qantas Group has a set of 10 Group Policies, which reflect the Non-Negotiable Business Principles and outline the minimum expected standards across a range of governance areas where compliance is necessary for legal reasons and to protect our brands and reputation. These are the Qantas Group Policies: 1. Code of Conduct and Ethics; 2. Business Resilience Policy; 3. Contract Engagement, Review and Execution Policy; 4. Cyber Security Policy; 5. Environment Policy; 6. Group Finance Policy; 7. Legal Matter Policy; 8. Risk Management Policy; 9. Safety and Health Policy; and 10. Security Policy. The Group Policies apply to Qantas Group entities and employees in line with the Group’s Corporate Governance Framework. Furthermore, human resource and other policies exist at entity or business unit level, which also outline the minimum expected standards for our people in the context of their employment. Besides, Audit Committee and the Safety, Health, Environment & Security Committee role important in performance and operation of Quantas as below: Audit Committee The Audit Committee assists the Board in regard to financial reporting, audit and risk management, including: • The integrity of the Qantas Group’s financial reporting; • Compliance with legal and regulatory obligations; • The effectiveness of the Qantas Group’s enterprise-wide risk management framework; and • Oversight of the independence of the external and internal auditors. Safety, Health, Environment & Security Committee The Safety, Health, Environment & Security Committee (also known as CHESS) assists the Board in fulfilling its strategy, policy, systems oversight, monitoring and corporate governance responsibilities in regard to operational risk of the Qantas Group comprising safety, health, environment, security and business resilience matters including: • Compliance with related legal and regulatory obligations; and • Enterprise-wide management of operational risk. The non-controlling interest The non-controlling interests can be defined as the interests of the ownership in a subsidiary not attributable to the parent company. Where parent entity controls a subsidiary but owns less than 100% of
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