AT2 Case Study Analysis Significant Corporate Governance Failures
You will prepare case-study on a contemporary example of a significant failure of corporate governance. Your report must:
a)accurately describe the incident by reference to credible sources,
b)explain whether and, if so, how the company and its directors have breached applicable corporate laws; and
c)analyse what steps the company’s directors and senior officers could have taken to better manage its governance effectiveness. You must also make realistic recommendations as to how similar incidents may be avoided by other organisations.
Refer to theCourse Outlinefor further information about assessment criteria and submission requirements.
Case studies that you can use
Choose one of the following failures of corporate governance.If you are unsure which one to choose, choose Rio Tinto, because the librarian has prepared a useful reference list to support your research.
Rio Tinto (the destruction of Jukkan Gorge)
A useful reference list is availablehere
https://theconversation.com/the-sackings-at-rio-look-like-a-victory-for-shareholders-but-146004
https://theconversation.com/corporate-dysfunction-on-indigenous-affairs-why-heads-rolled-at-rio-tinto-146001
https://theconversation.com/rio-tinto-just-blasted-away-an-ancient-aboriginal-site-heres-why-that-was-allowed-139466
7-Eleven (underpaying migrant workers / wage theft)
https://www.abc.net.au/news/ XXXXXXXXXX/7-11-pays-back-$176-million-worth-of-backpay-super-to-staff/ XXXXXXXXXX
https://www.7eleven.com.au/get-to-know-us/about-us/meet-our-board.html
Energy Australia
Macquarie Generation
AGL Energy
(Australia’s worst polluting companies)
https://www.abc.net.au/news/ XXXXXXXXXX/ten-companies-responsible-for-third-of-greenhouse-gas-pollution/6330562
Lantrak
Eagle Tours Transport
(Wage theft in the trucking industry)
https://www.smh.com.au/business/workplace/australia-s-shocking-wage-theft-scandals-keep-coming-by-the-truckload XXXXXXXXXXp57a5p.html
https://twunsw.org.au/press/twu-slams-46000-wage-theft-of-bus-drivers/
AMP (sexual harassment scandal)
https://www.smh.com.au/business/banking-and-finance/corporate-australia-can-run-but-it-can-t-hide-from-new-anti-harassment-push XXXXXXXXXXp55and.html
Crown Casinos (facilitating money laundering)
https://theconversation.com/gaming-the-board-crown-resorts-shows-you-just-cant-bet-on-independent-directors-148522
GlaxoSmithKline (fraud in big pharma)
https://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?adxnnl=1&ref=glaxosmithklineplc&adxnnlx= XXXXXXXXXXXTbcdpAoo36JH3vBc+ZcAA
https://theconversation.com/gilead-and-the-billion-dollar-odyssey-80961
Australia Post
https://theconversation.com/company-directors-cant-serve-two-masters-what-went-wrong-at-australia-post-158525
The Samarco (dam disaster)
https://theconversation.com/ultimate-responsibility-for-samarco-dam-disaster-will-haunt-bhp-50924
BitConnect (cryptocurrency scam)
https://www.zdnet.com/article/aussie-bitconnect-promoter-charged-over-his-involvement-with-alleged-crypto-scam/