Solution

3.0 Yu Group PLC Corporate Governance Compliance

The corporate scandals such as the misrepresentation of Shell oil reserves and bursting of dotcom bubble in UK, the demand for corporate governance compliance has increased. According to MacMillan et al. (2004), corporate governance is influenced by the mechanism in which relationships with business are directed and controlled. In regard to the Yu group, the corporate governance includes the intention of regular achievement of regular board meetings, audit committee and remuneration committee and adherence to 10 principles of the QCA Code and their application (Yu Group, 2019). This is inclusive of strict adherence to cultural diversity, effectiveness in their operations and control of all their practices internally and externally. Further, as noted by National Grid (2019), the national grid is a subject to the UK corporate governance code 2018 which include all the principles which are adopted to link the good governance of the listed companies. Similarly, Yu group is entitled to strictly follow the set terms in the corporate governance compliance. These factors must be in line with the PEST factors which directly influence the financial decision that the organisation make in their operations.

Figure 3: UK Energy Sector PEST Analysis

4.0 Medium-Term Financial Strategies for becoming FTSE 100 Company

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