Corporate governance has become the centre of focus for the companies in Australia. This report studies the process and effectiveness of governance, aspects which determine the success and failure of corporate governance, steps to sustain successful corporate governance. This report studies the corporate governance of Australia post, its success and failure, reasons of failure and recommendation for improvement in corporate governance of Australia post. This report will provide an analytical approach to examine the attributes of corporate governance. For this purpose, Australia post is taken as a reference to identify and determine the aspects of corporate governance which influence its success and failure.
Activities within organizations are exercised and maintained on the basis of a set of rules, policies, processes and systems called corporate governance. The traits of corporate governance depend upon internal and external factors. Internal factors which play a significant role in influencing an organization’s corporate governance include organizational policies, constitution, board of director, etc. External factors which play a significant role in influencing an organization’s corporate governance include community expectations, laws and regulations. One of the common goals of organizations is to develop effective corporate governance. Effective corporate governance fulfils the needs of an organization, enhances organization’s performance, and contributes to individual directors and board, which result in an improved relationship between organizations and its stakeholder. The factors which affect the success and failure of corporate governance include regulation and their enforcement and risk management.