DETAILS OF THE COMPANIES
Getswift Ltd is an Australian newly listed company which provides a software distribution solution. This is the same company that was used in the Individual assignment. It is expected that students research this company beyond just the financial statements (especially for Part B) Pursuit Pty Ltd has been a target customer of GetSwfit’s for many years. It is a large distribution company which services supermarkets. The acquisition of Pursuit would allow GetSwift to increase its scale and penetration into the market. The actual trading business of Pursuit is much larger than Getswift but it has been operating as a family run private business. The directors are John and Ellen Pursuit who are selling their business to retire. For the last few years, their son Steven (an ex-partner of PWC) has been running the business and he will continue to do so after the sale. He has primarily been responsible for the growth and success of the business in the last few years. The shareholder of Pursuit is currently the Pursuit’s family trust which will also acquire the shares in Getswift in the transaction.
REQUIRED
The directors of Getswift Ltd are aware that the acquisition of Pursuit Pty Ltd will require changes to their corporate governance practices and board in order to comply with the ASX Corporate Governance Principles. They have requested a short report requesting your recommendations. A minimum of Three (3) recommendations are required.
In order to do well in this report, students are expected to
Take into consideration and apply your knowledge of the current corporate governance structure of Getswift and Pursuit. Your report should also take into account the current compliance of Getswift with the ASX corporate governance principles.
Consider the sophistication of the audience and adapt your writing style accordingly.
The report needs to be well referenced with a minimum of six (6) quality references. A quality reference includes academic articles and excludes references such as Investopedia. You are expected to reference any annual report and accounting standards used.
Chicago referencing style is for in-text and end-text referencing. More information can be found on this style from the Library web site: https://libguides.library.curtin.edu.au/referencing.
Structure of the report
The report should be a maximum of three (3) pages in length which excludes any references and appendices ie 3 pages plus references and appendices.
Please refer to the Business Communications Textbook for assistance in structuring your report.
At a minimum, your report should include
a) Executive Summary
b) Introduction
c) Discussion/Analysis
d) Recommendations and Conclusion