Corporate Governance and Risk ManagementSummative Assessment Background: You are an independent consultant who advises UK listed companies in respect of corporate govemance and risk management issu..You have been approached by the Chair of the Board of Your Allocated Case Study Company and have been asked to prepare a report for the Board that reviews their current corporate governance practices and risk management approach. The Chair requires a report that will add value to the company. Further details are as follows: They have asked you to write a 3,500 word business report which is clearly defined in two sections. The requirement for Section A is detailed below. Section A: Critically evaluate the extent to which the company (your client) demonstrates engagement with best practice of corporate governance in accordance with the UK Corporate Governance Code and current best practice demonstrated/recognised by other companies.Your analysis should not be solely r.tricted to their disclosures in the annual report and should consider any wider factors which are relevant. Your client is aware that you will not be able to focus on all elements of corporate governance as part of your report so require you to identify and justify the area(s) that you feel are most relevant to your client.
michael kors holdings limited has been seemed as one of the leading brand inside the luxury style enterprise of the us. the organization become installed via clothier michael kors in 1981 and the product mix includes the hand bags, watches, footwear, clothing, jewelley, leather items and other accessories. michael kors is working extra than 550 stores and over 1500 in-save boutiques in distinctive international locations internationally (michael kors, 2018). despite the fact that the michael kors started out its operations in 1981 but they opened their first retail shop in 2006. the primary competitors of the michal kors encompass louis vuitton, kate spade and educate. the hand baggage and add-ons are maximum famous among teenaged ladies all around the international as in step with the survey of 2016. the employer has centered more on sustainability and company social responsibility since the ultimate 12 months and introduced that the business enterprise will now not use animal pores and skin and fur in the production and manufacturing of any of their products. the present markets of michael kors encompass usa, north the united states, asia pacific, europe, germany, italy, france, center east nations including dubai, bahrain and a few asia pacific countries. except that, michael kors has on-line presence in many countries in which they don’t have any physical shops. the largest geographical marketplace of michael kors is north the usa and then europe and asia pacific. in 2017, for you to growth their market share, the employer acquire the business of jimmy choo percent and that they have also plans to amplify their business in some different regions of the arena. furthermore, they opened a store in waterloo in 2018 with the intention to increase their presence inside the global marketplace. the emerging marketplace for coming into for the luxury style and retail enterprise, asia pacific is taken into consideration as the most attracting place that provides severa opportunities to the style shops. similarly, michael kors has witnessed extraordinary growth inside the retail price income by using implementing their growth strategy in this place. in the year 2017, the retail price income of michael kors holdings ltd were nine% of the whole sales of the corporation. via maintaining this element thoughts, the enterprise extended its worldwide business operations through using exceptional mergers and acquisitions techniques. for instance, in more china regions including taiwan, macau, hong kong and china, they expand via acquisition of its geographic licensees. besides that, they have lately acquired a few corporations in north korea (almor, 2013). on other hand, the enterprise is facing some extreme challenges in the north the us as their income changed into much less than their preceding monetary 12 months. these challenges make it hard for the michael kors to accumulate or make bigger greater business within the place as it requires loads of efforts for the business enterprise to rebuild their logo reputation and sustain long time boom in the united states of america. by using doing thru evaluation of the markets wherein michael kors is operating, the project indicates that india will be the exceptional location for michael kors for increasing their business as human beings are becoming more aware about the manufacturers and they may be agreed to pay higher expenses for luxury style brands as well. therefore, the file chooses india for increasing the enterprise of michael kors as it's far an rising market within the retail fashion industry and there's a need to amplify business of the business enterprise in this region (barney, 2014). so as to test the feasibility of increasing enterprise in india, an evaluation of the macro and micro environment might be carried out and the satisfactory strategies could be re>GET ANSWER