The corporate governance practices are depicted to be showing the appropriate compatible characteristics for the company which is showing the extent of the recommendations as it is reflecting the characteristics of the work. The enhancement of the structure can be easily made by showing the construction of the work process which is being used by implementing the strategic management system. The overall conditions present by the Medtech are showing the appropriate framework as this case is being considered. For the further improvement and the future stability, the increment of the security will be made by showing the compliance present in the statutory framework (Helbæk, Lindset and McLellan, 2010). Therefore, the selection and the appointment of the new directors are requisite for the growth of the company which will implement the innovative process by showing the development in the business process.
The issues that are identified in this case simply explain the election issues which are being faced by the company, and this issue is taking place as the entitlements are considered in the organization (Parrino, 2015). The takeover of the entitlements is seemed to be taken by the others and it is becoming another major issue which is being faced by the company. These are the issues related to the corporate governance faced by the organization in this case as considered.
The summary of the principles that are undertaken in the corporate governance of the Medtech Group are as follows:-
Principle 1: – Laying sound foundations which are showing the appropriate management and the oversights that are focused show the development of the responsibility. It is being established by showing the appropriate improvement of the structure of the corporate governance system of the organization (Rahman, 2015).
Principle 2: – It shows the structuring of the overall process for the purpose of adding the appropriate values.
Principle 3: – It clearly shows the promotion of the ethical values that will be completely conducted by showing the responsible characteristics for the purpose of structuring the decision-making process.