Shareholders play a crucial financial part in Coca-Cola Amatil’s revenue performance. It is a critical factor for any company to have practical and long-term shareholder interests. This study focuses on the composition of the CCA board and the hiring issues shareholders face with the directors. Shareholders in CCA analyze the board of directors based on their background knowledge of related fields, and they mostly face issues with it.
Coca-Cola in the Australian region has nominee directors and related party committee members. Coca-Cola’s board of directors plays nominee directors and related party committee roles at the same time. Most of the directors in CCA are independent and also part of the nominee committee. These committees serve shareholders, stakeholders, and investors interested in the Coca-Cola Australian region. CCA board of directors are hired based on the skills they acquire, and according to that, shareholders analyze them for the task they are hired for.
At Coca-Cola Amatil, several directors have different backgrounds and serve in various fields. This can be a risk from a shareholder’s perspective because they need to get results, and to get results, a company has to find the best resources. Although all the directors are skilled from a shareholder’s perspective, it can be crucial for the company. Krishnakumar Thirumalai is a member of the risk & sustainability committee, nominations committee, and people’s committee of Coca-Cola Amatil. He has studied engineering, business, and management. Regarding him, shareholders might have an issue of risk in the management policies and the investment they are making in the company. John Borgetti, who is also a member of the risk & sustainability committee, nominations committee, peoples committee, and related party committee, has vast experience in the airline industry of Australia. This can also be a factor in their shareholder conflict because they would think he is not an appropriate member of the company. The shareholders’ lack of interest can directly affect Coca-Cola’s financial situation. It can either make a company grow stronger or decrease the wealth of an organization (Bebchuk and Hamdani, 2016).
However, Coca-Cola Amatil has an experienced list of directors from different regions of the world. They have served different cultures and various organizations. In Coca-Cola Amatil, directors like Paul O’Sullivan and Mark Johnson are also helping at the board of directors position and playing their part efficiently. Paul has been the director of Healthscopes Limited and has played executive roles in Singapore’s communication. Mark has been the CEO and senior partner of Pricewaterhouse Coopers (PwC), which makes them both worthy for the task they are hired. Ilana Atlas, who is the chairman of Coca-Cola Amatil, has over 22 years of experience. Same as Ilana, Alison Watkins, who is the group managing director. Many other directors are also a part of the company. While shareholders are a different species than directors, they both run the organization as a whole. Both are effective in the profit and loss of the company. Having the skills of Ilana and Alison in the development of shareholders can make CCA grow stronger.
However, linking with long-term shareholders can be beneficial to Coca-Cola Amatil. Coca-Cola, being a multinational firm, aims for a long-term shareholder perspective (Bebchuk and Hamdani, 2016). Keeping in mind the skills of their directors and the expectations of CCA’s shareholders, they can produce great results. Having the skills of the above-told directors, such as Ilana, Alison, Mark, Julie, and others, will help CCA develop in the shareholders’ market and produce positive results.
References
Bebchuk, L.A. and Hamdani, A., 2016. Independent Directors and Controlling Shareholders. U. Pa. L. Rev., 165, p.1271.
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