Wesfarmers Ltd Company’s Governance Strategies

Discuss Wesfarmers Ltd’s governance strategies, working capital, and major risks.

Consider the 2021 Annual Report for Wesfarmers Ltd (WES). Briefly illustrate how WES governance is organized. Do you notice any strategies in place to align manager and shareholder interests at WES based on the Annual Report? What is the net working capital for WES in 2020 and 2021? What type of current asset management strategy is the company pursuing? Explain why and what are the pros and cons of this strategy. Consider the WES 2021 Annual Report. Identify two of the major risks discussed in this report. Are these risks systematic or unsystematic?