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Queensland University is a successful Institution that runs by the motto “A University for The Real World.” The motto is an in depth statement that indicates the zeal that the university has towards being the best (Craig, Amernic & Tourish, 2014). The university was bore from a few predecessors dating back to 1849. The report will provide more detail on what the legal structure entails and the reasons behind having the same structure as a source of success (Amaral, Jones & Karseth, 2013). A legal structure is what provides an institution with the details that they are to choose from. Therefore in this case, the analysis will be based on the liabilities and records regarding the Queensland University. The successful nature of the institution is a result of reliable leadership that creates an effect towards the institution’s growth.
Queensland University of Technology has been changing over the years as a result of growth. The university was founded in1849 as the Brisbane School of Arts and later on grew to become a Technical College under Brisbane. This was in 1889 after which the name was changed to Central Technical College in 1908. The name kept changing according to the purpose that the leaders had for the institution until it was fully established as Queensland University of technology in 1989. The Queensland Institute of Technology had been, before then, established next to Brisbane’s Central Business District. The institute then combined all the departments to create a complete institution. The number of students grew from 4, 634 in 1965 to 7,665 in 1981. There were more female students within the school as well as there were full time students. In 1989, The Queensland university of Technology Act was passed. This was following an approval for the University status of the Institute. The university now accommodates more than 40, 000 students while also offering more than 400 courses.
Institution Legal Structure
The legal structure of a company is the structure within the organization that is legally recognized and allowed to conduct activities such as sole proprietorship, partnership and corporation. It requires that the company have a good structure so that it becomes easy to handle in the case there are challenges (Boyd & Mathuria, 2013). Having an impressive business structure allows the company to have external team members and shareholders. It is therefore important that a legal structure take the right development process. The main aspect that governs good legal structures is the presence of a consideration of the corporate social responsibility (Coronnes, Stobbs & Thomas, 2014). The process that it takes allows for a good reputation to be built and also gives the institution a leeway towards growing further into excellence in terms of the ability to work.
Being a Public research institution, Queensland shows great passion towards the environment and the society as a whole. The contributions towards the environment are what determine the growth of the company in terms of what is relevant to the mission, vision and objectives of the institution (Ehrich et al, 2015). The university runs by the environmental and planning regulation in order to offer knowledge to any person available to listen. The framework is based on educating the managers and planners on the essential areas of knowledge and also on the practical skills required for growth within the environment (Bruns, Burgess & Mahrt, 2013). The regulatory framework ensures that the areas covered edify on issues such as, planning and development, mining, and also petroleum. The activities are not however limited to the latter. The issues covered offer regulatory restrictions to what should be done and what should be disregarded as a responsible institution. Writing and assessing a development application are the professional requirements in order for the regulatory framework to be completed.
Not for Profit Status
The Accounting and accountability research group within Queensland University has developed a framework through which Australian not-for-profit organizations can benefit from. The organizations benefit by achieving financial sustainability while adhering to their mission which is intrinsic (Hertz, Beasley & White, 2015). The sector that is focused on by the Queensland research group is mostly the financial and non-financial reporting sector. The vitality of the operation within the sector is enhanced and performance is measured accordingly. The stakeholder communication is developed and made more transparent with regard to sustainability and mission achievement. The not for profit status asserts that the university is more inclined to growth than it is on revenue. The enhancement of the status is built on the level of the achievement they gain from accounting and accountability (Robbins et al, 2013). The research leader in this case is known as Professor Helen Irvine. She has helped put together the status mission and the level of adherence to the regulations that govern the process of the whole research
Evaluation of Company Legal Structure
According to the report and analysis done on Queensland, the main reason for their continued success and growth is the dedication towards having a structure to choose from (Carlon et al, 2015). The legal structure ensures that the Institution exercises their interests with regard to the society as well as the organization and the staff included in creating a legal structure (Hume & Hume, 2013). The structure provides more benefits than it does drawbacks. The income concession charity in Australia considers Queensland University to being a deductible gift recipient sector. The leaders in Queensland University, such as Professor Helen show responsibility for their decisions and also the; performance of the organization altogether. The leaders in this case with regard to the various characteristics shown have designed and also adhered to a code of ethics that has helped them promote each of the important characteristics that define good corporate governance. The legal structure shows that the university has a clear strategy for the growth of the Institution (Povey, Kapelle & Martinez, 2014).
The implementations such as the not for profit status increases the effectiveness of the legal structure towards mobilizing its workforce towards greater achievements. The strategy used to govern this is what constitutes discipline which is a great requirement for the development of a good legal structure. The Queensland management structure is transparent in that there are no aspects where the information is filtered in any way. This means that the management does not keep its own counsel. The legal structure for Queensland is in a nutshell reliable for growth into other valuable research sectors and also taxes towards charitable programmes. The clear top of concern for the Institution is Social Responsibility (McGregor & Crittall, 2014). The Institution is inclined to environmental growth through public research and also accountability towards the matters that directly affect the environment.
It is evident that the mistakes made within the Institution are used to increase knowledge in planning for a more reliable legal structure. This is seen from an in depth study on the steps that the institution has formulated towards increased planning of the right frameworks. Queensland University of Technology however only shows reliability in the sector of interest without much consideration on diversification. This affects the legal structure whereby the Institution can only access the issues that concern them directly. It is important for the company’s idea of a legal structure to be diversified towards other concerns and also managed with reference to the same.
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