MAF302 CORPORATE FINANCE The Qantas Group CSR 代写
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MAF302 CORPORATE FINANCE The Qantas Group CSR 代写
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 1
ASSESSMENT 1
INDIVIDUAL WRITTEN REPORT
Due Date Monday 21 August 2017 at 5.00pm
Weightage 20%
Word Limit 2000 words
Theme Corporate governance & corporate social responsibility
The Qantas Group
Background
Founded in the Queensland outback in 1920, Qantas has grown to be Australia's largest
domestic and international airline. Qantas is widely regarded as the world's leading long
distance airline and one of the strongest brands in Australia. It has built a reputation for
excellence in safety, operational reliability, engineering and maintenance, and customer
service.
The Qantas Group's main business is the transportation of customers using two
complementary airline brands - Qantas and Jetstar. It also operates subsidiary businesses,
including other airlines and businesses in specialist markets, such as Q Catering. The Group’s
brands operate regional, domestic, and international services. Its broad portfolio of subsidiary
businesses ranges from Qantas Freight Enterprises to Qantas Frequent Flyer.
As at 30 June 2016, the Qantas Group employed over 30,000 people with approximately 92
per cent of them based within Australia.
Source: http://investor.qantas.com/home/?page=about-the-qantas-group
The Qantas Group website
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 2
Your Task
You are a financial analyst at a family office of Jones family - an ultra-high net worth family
in Australia. After a discussion with a portfolio manager, Mrs Jones is considering to include
the Qantas Group (ASX ticker: QAN) in her share portfolio, given the firm’s resilient financial
performance in recent years. She supports firms with a broader corporate objective – those
that not only maximize shareholders’ wealth, but also care for their stakeholders, such as
their customers, employees, the society, and the environment. She has a particular interest
in the board structure of firms and whether corporate governance and compensation
packages are helpful in aligning the interests of managers to those of shareholders’. She is
also concerned with Qantas’s corporate governance and corporate social responsibility,
especially after previous episodes of industrial disputes with trade unions, which resulted in
an attention-grabbing incident in October 2011.
Mrs Jones wants you to write up a report about Qantas’s corporate governance and
corporate social responsibility addressing the following points, issues or questions:
A. Corporate governance – compensation package and internal control
1. The board of directors and its suitability:
Does the composition of the board reflect diversity? Is the board independent? Do
the directors have sufficient qualification, time, and resources for Qantas?
2. Executive compensation and its effectiveness:
Briefly outline the compensation package of Qantas’s CEO and top management.
Does the performance of the board meet their target? How is Qantas’s
performance in terms of total shareholder return (TSR) compared to the industry
or a relevant benchmark? What is the role of the remuneration package
committee?
3. Disclosure, audit, and shareholders’ rights:
What is Qantas’s policy on information disclosure and audit? What is the role of the
Audit Committee? Who is the external auditor? How does Qantas protect its
shareholders’ rights?
4. Risk management:
How does Qantas manage its business risks in general?
B. Corporate social responsibility
1. Environmental impact:
How does Qantas manage its negative impact on the environment from its
operations? What are Qantas’s initiatives and policies in this aspect?
2. Employees:
How does Qantas treat its employees? What are the human resource policies?
What was the incident (in October 2011) to which Mrs Jones refer?
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 3
3. Society and customers:
What are Qantas’s contributions to the society? How does Qantas care for its
customers?
In particular, Mrs Jones wants to know your opinion on whether Qantas’s business operations
are sustainable and satisfy the industry standard in terms of corporate governance and
corporate social responsibility based on your research and analysis. Apart from the main
points listed above, your report should include other important issues related to Qantas’s
corporate governance and corporate social responsibility.
Mrs Jones is quite well educated in finance and prefers reader-friendly financial articles
written in a professionally manner. She expects your analysis to be rich in information and
well structured. It should contain main points with the relevant descriptions and evidence
from reliable sources or references. She also appreciates tables and/or graphs if they help to
illustrate the main points.
Helpful resources
Qantas’s (i) annual reports, (ii) annual reviews, and (iii) corporate governance statements.
Lectures & Seminars 1 and 2 about corporate governance & corporate social responsibility.
KPMG’s reports (amongst others) on corporate governance help in providing a broad, real-
world perspective on the topic.
Reports or opinion pieces written by financial analysts and/or portfolio managers.
Newspaper articles (e.g. The Age) and financial press (e.g. The Australian Financial Review)
Online search engines, such as Google and Yahoo.
Hints
You may discuss the main points with other students, but your report should be unique.
Do not copy the original texts directly from another source (e.g. a report or article) without
rewriting or paraphrasing them.
Learning Outcome Details
Unit Learning Outcomes (ULOs) Graduate Learning Outcomes (GLO)
ULO1: A sound understanding and an ability
to apply relevant theoretical and practical
financial knowledge.
GLO1: A broad understanding of
theoretical and practical knowledge in the
Finance discipline
ULO2: An ability to communicate
information effectively in a written form.
GLO2: An ability to effectively
communicate financial information and
knowledge in oral and/or written form to a
broad range of audiences.
ULO3: An ability to evaluate and critically
analyse relevant data and information.
GLO4: An ability to evaluate and critically
analyse data and information to aid
corporate decision making.
ULO6: An appreciation for the importance of
sustainable development, corporate
governance, and/or corporate social
responsibilities.
GLO8: A recognition of the value of
sustainable development and corporate
social responsibility.
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 4
Instruction
This assignment is to be completed individually. There is a word limit of 2000 words for this
assignment.
Submission
An electronic copy of the final report has to be uploaded to the unit website on Cloud Deakin
by 5.00pm, 21 August 2017.
If possible, please submit well before the cut-off time as you may experience high traffic closer
to the cut-off time. The uploaded soft copy in CloudDeakin will be considered the official copy
and it is the time of upload of this copy that will determine whether the assignment is
submitted on time. Hard copies will not be accepted.
The assignment should be prefaced by an assignment cover sheet that contains your name
and student ID. Hand-written signature is not necessary. By submitting this coversheet, you
acknowledge your awareness of plagiarism and its consequences.
Late submission
MAF302 CORPORATE FINANCE The Qantas Group CSR 代写
The following marking penalties will apply if you submit an assessment task after the due date
without an approved extension: 5% will be deducted from available marks for each day up to
five days, and work that is submitted more than five days after the due date will not be
marked. You will receive 0% for the task. 'Day' means working day for paper submissions and
calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission
where it is unreasonable or impracticable to assess the task after the due date.
Extensions can only be approved by the Unit Chair (Dr Tze Chuan ‘Chewie’ ANG). Extensions
can be granted for documented serious illness (not just on the day the assignment is due) or
for compassionate reasons under extenuating circumstances. The unit chair can ask to see
how much work has been completed before granting an extension. Work or holiday reasons
are NOT grounds for an extension – you are expected to manage these issues as part of your
studies. You are strongly encouraged to start early and to continually backup your assignment
as you progress. Computer crashes or corrupted files will NOT be accepted as valid reasons
for an extension of any length. For further information about Special Consideration, visit
http://www.deakin.edu.au/students/assessments/special-consideration.
Assessment Feedback
Students who submit their work by the due date will receive their marks and feedback within
15 business days of the due date. You will also receive a marking rubric, which can also be
used as a guide to the expected scope when you answer the assignment questions.
Turnitin
Students are strongly recommended to check originality through Turnitin, prior to submitting
the final assessment. For more information about Turnitin and how to check for originality,
refer to the Deakin website information at:
http://www.deakin.edu.au/learning/cloud-
learning/clouddeakin/guides/assessment/turnitin-plagiarism-and-grademark
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 5
Referencing
You must correctly use the Harvard style of referencing in this assessment.
Academic Integrity, Plagiarism and Collusion
Plagiarism and collusion constitute extremely serious breaches of academic integrity. They
are forms of cheating, and severe penalties are associated with them, including cancellation
of marks for a specific assignment, for a specific unit or even exclusion from the course. If you
are ever in doubt about how to properly use and cite a source of information, consult your
lecturer or the Study Support website
http://www.deakin.edu.au/students/study-support/referencing.
Plagiarism occurs when a student passes off as the student’s own work, or copies without
acknowledgement as to its authorship, the work of any other person or resubmits their
own work from a previous assessment task.
Collusion occurs when a student obtains the agreement of another person for a fraudulent
purpose, with the intent of obtaining an advantage in submitting an assignment or other
work.
Work submitted may be reproduced and/or communicated by the university for the purpose
of assuring academic integrity of submissions (http://www.deakin.edu.au/students/study-
support/referencing/academic-integrity.
Can I recycle my own work?
Deakin students are not permitted to recycle their assessment work, or parts of assessment
work, without the approval of the unit chair of their current unit. This includes work submitted
for assessment at another academic institution. If students wish to reuse or extend parts of
previously submitted work, then they should discuss this with the unit chair prior to the
submission date. Depending on the nature of the task, the unit chair may permit or decline
the request.
Assignment submission back-up
You must keep a backup copy of every assignment you submit, until the marked assignment
has been returned to you. In the unlikely event that one of your assignments is misplaced,
you will need to submit your backup copy. Any work you submit may be checked by electronic
or other means for the purposes of detecting collusion and/or plagiarism. When you are
required to submit an assignment through your Cloud Unit Site, you will receive an email to
your Deakin email address confirming that it has been submitted. You should check that you
can see your assignment in the Submissions view of the Assignment Dropbox folder after
upload, and check for, and keep, the email receipt for the submission.
MAF302 CORPORATE FINANCE Trimester 2, 2017
Department of Finance 6
Building evidence of your experiences, skills and knowledge(Portfolio)
Building a portfolio that evidences your skills, knowledge and experience will provide you with
a valuable tool to help you prepare for interviews and to showcase to potential employers.
There are a number of tools that you can use to build a portfolio. You are provided with cloud
space through OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use
any storage repository system that you like.
Remember that a Portfolio is your tool. You should be able to store your assessment work,
reflections, achievements and artefacts in your Portfolio. Once you have completed this
assessment piece, add it to your personal Portfolio to use and showcase your learning later,
when applying for jobs, or further studies. Curate your work by adding meaningful tags to
your artefacts that describe what the artefact represents.
MAF302 CORPORATE FINANCE The Qantas Group CSR 代写
