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Wimpy Corporate Governance Analysis

1410 Words6 Pages

ASHLYN BROWN

CORPORATE GOVERNANCE

Wimpy Franchise of Famous Brands

2/26/2015

The background of Wimpy corporate governance policies as a Famous Brand subsidiary

WHAT IS CORPORATE GOVERNANCE?

Corporate governance is a policy that all business or franchises relate too. It refers to corporations that control and direct the rights and responsibilities among different businesses. This policy includes the procedures in making decisions and to set objectives to make their specific company improve their growth.

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Famous Brands Limited: Wimpy

• This is franchise; Wimpy is seen as extremely …show more content…

They use the King Code III report to ensure that the ethical awareness stays within the business.
The franchise network has a total of 2378 restaurants all over the world e.g. Mozambique (2)
Namibia (35)

South Africa (1935)
Dubai (3)
UK (94)

The analysis of the application of corporate government principles:
• The ethical leadership was based of good corporate responsibility and had effective management skills.
• The board of directors is the focus point for the corporate governance and all the strategy and risk performance are well organized and makes use of all ethics in the company and to make sure they are correctly managed.
• The board of directors are responsible for the information technology, risk, laws, codes, standards, risk-based internal audit, company’s reputation, interest if the business and all the proceedings or other turn around mechanisms.

The governance has many different sections that they look at such as:
1. Governance of risk

2. Governance and information technology
3. Internal audit
4. Integrated reporting and disclosure
5. Audit …show more content…

• Wimpy says that they are a brand that is willing to give up to South Africa since they are a leading brand in the quick serving dining restaurant.

• Wimpy also started up funds to give back to the underprivileged children to help them to feed and to give clothes to children so that they keep warm in the winter.

SOME MICRO ENVIROMENT FACTORS SUCH AS THERE VISION, MISSION THAT WIMPY STAND BY:

1. To deliver their goal to the people they strive to achieve
2. Honesty
3. Openness
4. Respecting other employees
5. Being passionate towards wimpy customers

VISION:

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Wimpy wants to appeal to both younger and older generation so that they create an environment that all different kinds of people ‘enjoy every moment’ with them.

ORGANISATIONAL

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