Sustainability Practices and Corporate Financial Performance

Question: Describe about the Sustainability Practices and Corporate Financial Performance. Answer: 1. The ideal candidate for director position in Tourism Australia should possess the following skill and experiences:- A successful record of managing complex relationship and expectations of the shareholders (Kruse and Lundbergh 2010). Good experience in corporate governance Experience and expertise in one or more of the following work backgrounds:- Accounting companies Financial background or insurance work background Government companies Media or hospitality industry Top 100 Australian Security Exchange or other oversea index listed companies Outstanding leadership skills to consider risks and operational consequences and provide appropriate solutions (Ball et al 2012). Ability to act responsibly, individually and collectively with the other board members Ability to promote change and focus on ideas which are innovative Possessing excellent communication skills along with excellent ability to listen and observe Possessing educational expertise in one of the following subjects:- Management Finance and Risk Assessment Sales and Marketing (Tomasic, Bottomley and McQueen 2012). Legal and compliance IT or E-Commerce Ideal candidate requires being a good citizen of Australia without any criminal background or involved in any immoral activities in the past (Kathy Rao, Tilt and Lester 2012). Ability to comply with the list of ethical standards and values like integrity, respect, duty of care towards company and innovative approach at work The ideal candidate should not have any conflicts of interest and be able to act as an unbiased individual while taking all decisions for the best interest of the company and its stakeholders. Other requirements as established by Corporation Act 2001 in Australia (Ameer and Othman 2012). Reference List Ameer, R. and Othman, R., 2012. Sustainability practices and corporate financial performance: A study based on the top global corporations.Journal of Business Ethics,108(1), pp.61-79. Ball, D., Geringer, M., Minor, M. and McNett, J., 2012.International business. McGraw-Hill Higher Education. Kathy Rao, K., Tilt, C.A. and Lester, L.H., 2012. Corporate governance and environmental reporting: an Australian study.Corporate Governance: The international journal of business in society,12(2), pp.143-163. Kruse, C. and Lundbergh, S., 2010. The governance of corporate sustainability.Rotman International Journal of Pension Management,3(2). Tomasic, R., Bottomley, S. and McQueen, R., 2012.Corporations law in Australia. Federation Press.