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By Mrinal Marwaha & Amit Goel Group 7

Netflix is an American media services company that provides online streaming of films and TV shows. It has over 139 million paid subscribers worldwide and reported $11.7 billion in annual revenue in 2017. The document discusses Netflix's mission to grow its streaming business globally, its vision of becoming the leading global entertainment distribution service, and its initiatives around reducing electricity use, recycling, and contributing to healthcare.

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Mrinal Marwaha
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123 views13 pages

By Mrinal Marwaha & Amit Goel Group 7

Netflix is an American media services company that provides online streaming of films and TV shows. It has over 139 million paid subscribers worldwide and reported $11.7 billion in annual revenue in 2017. The document discusses Netflix's mission to grow its streaming business globally, its vision of becoming the leading global entertainment distribution service, and its initiatives around reducing electricity use, recycling, and contributing to healthcare.

Uploaded by

Mrinal Marwaha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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By Mrinal Marwaha & Amit Goel

Group 7
Introduction

• Netflix, Inc. is an American media-services provider headquartered


in  California, It was founded in 1997 by Reed Hastings and Marc
Randolph. The company's primary business is its subscription-based
streaming service which offers online streaming of a library of films
and television programs, including those produced in-house. As of
January 2019, Netflix had over 139 million paid subscriptions
worldwide, including 58 million in the United States.

• For the year 2017, Netflix reported an annual revenue of US$ 11.7
billion, an increase of 32.4% over the previous fiscal cycle. Netflix's
shares are traded at over $165 per share, and its market capitalization
was valued at over US$ 136 billion in September 2018.
• Mission Statement - Their core
strategy is to grow streaming subscription
business domestically and globally. They
are continuously improving the customer
experience with a focus on expanding
streaming content, enhancing our user
interface and extending our streaming
service to even more internet-connected
devices, while staying within the
parameters of our consolidated net income
and operating segment contribution profit
targets.

• Vision Statement - Becoming the


best global entertainment distribution
service. Licensing entertainment content
around the world, creating markets that are
accessible to film makers and helping
content creators around the world to find a
global audience
Corporate Social Responsibility

• Minimizing Electricity Use - As this is the largest piece of Netflix’s carbon


footprint, their strategy around sustainability reduces energy use and increases speed. In 2015,
they shared impressive metrics about the increase in server efficiency and have continued to
make improvements in this area. Today, it takes Netflix half as much energy to provide the
same output than they did in 2017. This past April, Netflix joined the EPA’s Green Power
Partnership program, a program where businesses commit to use green power for some or all
of their annual electricity consumption.

• Recycling - Netflix recycles old DVDs from its library and collection instead of getting
rid of them, it re-uses its plastic covers and uses them to make new ones. This has been a
major contribution from Netflix’s end as a supporter of plastic recycling and reduction.

• Contribution Towards Healthcare - Netflix consistently aims to provide


healthcare services for underprivileged children. It has also given its support to ICare
organization in India which helps differently abled children with health and financial aid.
Corporate Governance
• They say “The hallmark of good corporate governance is an independent-minded
board of directors to oversee management and represent the interests of
shareholders.” Even though the law allows directors to rely on what the CEO and
other senior executives tell them, directors make better decisions when the company
is more transparent – when they can observe meetings further down the chain and
have more direct access to company’s relevant data. Yet, the Netflix approach to
governance appears one-sided. Transparency and dialogue were missing when it came
to management and shareholders.

• Sooner the company redefined the corporate governance structure in a way that brings
the board of directors closer to managers. As the elected representatives of
shareholders, corporate directors are supposed to monitor management’s performance
and make strategic decisions. However, directors often end up contributing to “the
information gap” because they lack “the critical information and intimate knowledge
of the company’s operations needed to make well-informed decisions.”
Recommendation
• Netflix directors have now started to spend twice as long to
prepare for board meetings than they did before. This made
the meetings shorter because the attendees are well
informed. We believe that the board members should start to
attend senior management meetings as observers monthly.
Organizational Structure
About the Company

• Samsung is a South Korean multinational company headquartered in Samsung Town,


Seoul. It comprises numerous affiliated businesses, most of them united under the
Samsung brand, and is the largest South Korean chaebol (business conglomerate).

• Samsung has a powerful influence on South Korea's economic development, politics,


media and culture and has been a major driving force behind the "Miracle on the Han
River”. Its affiliate companies produce around a fifth of South Korea's total exports.
Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.

• Its products include air conditioners, computers, digital televisions, liquid crystal
displays (including thin film transistors (TFTs) and active-matrix organic light-
emitting diodes (AMOLEDs)), mobile phones, monitors, printers, refrigerators,
semiconductors and telecommunications networking equipment. It is the world's
largest mobile phone maker by unit sales in the first quarter of 2012, with a global
market share of 25.4%. It is also the world's second-largest semiconductor maker by
2011 revenues (after Intel).
Corporate Governance
• Samsung Electro-Mechanics intends world top enterprise which contribute to human society
inventing the best product and service with competent person and a technology under fair
and transparent business management. All we wish to establish as standard of our action and
value-judgement enacting Samsung Electro-Mechanics corporate governance improvement
constitution as following by belief that can be world top enterprise respected and trusted in
international community when try to one direction for new technology development and
realization of top quality based on wholesome corporate governance and clean corporate
culture.

• Company makes out information connected with contents of company so that is easy to
know and should publish to whom it may concern such as Investor, stockholder, the persons
concerned quicklyㆍexactly, and cooperate so that whom it may concern use inexpensively.

Also company prepares information conveyance system with designating a person in charge
of public announcement so that important information of company can be delivered to a
person in charge quickly and exactly.

Company should open to stockholders immediately about issues that was decided in
decision-making organization including board of directors as guidance enterprise of
corporate governance, and be faithful to decision-making, making use of professional
advisor on items that is expected not only profit of company but also disadvantage to the
persons concerned.

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