Corporate Governance Subject: The title of this essay indicates that it is aimed at analysing the issues in the corporate governance process of an organisation. Corporate governance is an important concept that mainly implies mechanisms and processes through which the control of an organisation is carried out. A proper governance mechanism is highly essential so that the activities and practices of an organisation can be performed in a desired way (Green, 2013). However, for the corporate governance mechanism to achieve success and effectiveness, it is highly essential that the top management should practice sound leadership, and all the employees are positively encouraged to remain committed with respect to their goals and effectiveness. It is mainly the board members that set up the policies and practices for employees to follow. Corporate governance is therefore a subject that is concerned with proper governance of the organisation as per its policies and procedures so that they account for efficient performance achievement (Fernando, 2009).
Development of Corporate Governance: Corporate governance is highly essential when the membership is separated from the management control. However, the use of the concept of corporate governance was not evident till 1980s, but thereafter there has been the evidence of introduction of this concept. During 1992s, the codes of corporate governance arrive in UK such as Cadbury (1992), Greenbury (1995), UK combined code (1998 and 2003) and many more. In this way, there has been the development of corporate governance concept being achieved, and today, it is applied rigorously by businesses in managing their operations.
Organisation Selected and its Reason: The organisation that has been selected for the purpose of analysing the issues in corporate governance is Tesco Plc. It is a UK based retail supermarket stores that operates not only in UK, but across global level. Tesco Plc has been chosen because it is a large organisation that requires extensive corporate governance practices and measures to ensure proper control of the entire organisation. There is higher possibility that there might be issues in its corporate governance mechanism and this leads to the selection of Tesco to analyse its corporate governance mechanism (Harrer, 2008).