The Inquiry into the James Hardie transactions: whitewashing some very dirty linen The Inquiry is over‚ the heads of agreement are signed and the CEO is appropriately publicly contrite — the matter of the James Hardie Group’s attempt to distance itself from $1.5 billion tort liabilities seems to have been resolved to everyone’s reasonable satisfaction. Should we move on‚ consigning委托 the episode插曲 to the dustbin of understandings of the world’s inevitable moral turpitude不可避免的道德沦丧? If it were
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and directors of the Centro Proprieties Group and Centro Retail Group. The executives included the former chief executive officer and the former chief financial officer as well as directors from the board of Centro. The ASIC was proceeding with the case on the basis that they assumed that the aforementioned had breached their statutory duty of care and diligence owed to the Centro entities and had therefore breached ss 180(1)‚ 601FD(1) and 344(1) of the Corporations Act 2001 (Cth). The directors had
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Introduction: James Hardie group is one of the Australia largest asbestos manufacturers. The group had been liable for 70% of Australian asbestos consumption. However‚ in February 2007‚ ASIC had started to impose civil proceedings against James Hardie‚ the directors and the officers‚ as ASIC alleged that JHIL and both executive and non-executive had breached their statutory duty. This short research report had outlined the role of ASIC and various penalty that ASIC can impose under Corporation
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Executive summary: This report serves to analyze the external and internal environment of James Hardie and explain the important of managerial ethics and corporation social responsibility. In James Hardie case‚ since the managers solely pursued profit maximization‚ it neglected employee’s safe and health‚ which result in 137 young worker died due to asbestos-related diseases. Money as the single bottom line is increasingly a thing of past. Pursued profit leads to unethical management‚ propagate
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inadequate and misleading communication within the James Hardie Group. It will outline how the company poorly communicated the issue to the public and will also illustrate the importance of effective communication strategies in minimising the impacts that arise from a negative incident. It will also illustrate the importance of communicating clearly‚ transparently‚ ethically and dealing with employees and stakeholders in fair and reasonable manner. James Hardie lead the way with asbestos manufacturing in
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27/02/2013 LAW302/9302 Law of Business Organisations Gabriel Garcia Tutor – Room: 67. 238 – Email: ggarcia@uow.edu.au – Consultation times: Topic 1: Introduction to the Law of Business Organisations Seminar (Week 2) 2/27/2013 Using the Learning Resources in this subject Your weekly study program: 1. 2. Read the workbook‚ noting the learning objectives Do the prescribed reading‚ recording – – 3. 4. 5. your reflections on the learning activities and seminar questions‚ and your comments
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situations where a director or officer acting on behalf of a corporation personally commits a tort‚ he and the corporation are jointly liable and it is unnecessary to discuss the issue of piercing the corporate veil. The doctrine is often used in cases where liability is found‚ but the corporation is insolvent. Corporations exist in part to shield the personal assets of shareholders from personal liability for the debts or actions of a corporation. Unlike a general partnership or sole proprietorship
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James Hardie Industries & Asbestos Disease What is asbestos? Asbestos is a set of six naturally occurring minerals with fibrous qualities. Asbestos has been used for thousands of years but was more frequently used during the 19th & 20th centuries due to its average tensile strength‚ sound absorption as well as fire resistant qualities. Due to these desirable qualities asbestos became one of the most popular building materials in Australia. During the 1960s & 70s Australia had the highest amount of
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Executive Summary James Hardie Industries Ltd. is an industrial building materials company headquartered in the Netherlands‚ specializing in fibre cement products. James Hardie is a leader in the manufacturing and development of technologies‚ materials and manufacturing processes of durable building materials. For over 20 years‚ Hardie has operated one of the largest research and development facilities devoted solely to fiber-cement technology. Hardie ’s fiber cement siding has a wood
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the political and legal campaign to achieve compensation for victims of asbestos-related illnesses‚ which they developed following a lengthy profession with a corporation called James Hardie Industries Ltd. However‚ all this did come at a very dangerous price‚ a price he did not desire. James Hardie is the CEO of James Hardie Industries Ltd
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