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  [essays and dissertation][Law][International Business Law]BUSINESS LAW 商法论文:课程 RISK CONTROL AND THE LAW论文



论文编号: lw200707090930497068
论文属性: Courswork
论文语言:English
论文国家:China
登出日期: 2007-07-09  
字数: 2917
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价格: 150
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关键词搜索:BUSINESS LAW   RISK CONTROL AND THE LAW   
 
ce policy with a leading Australian based insurance company, the Chubb Insurance Company of Australia Limited (‘Chubb’). A copy of the terms of this policy is provided with this exam. Following the events described in question 1, you can assume now that the Central Bank has issued proceedings against Arthur Ng and Son and that firm has now duly submitted a claim for indemnity under this policy to Chubb.

Chubb investigations have revealed that the audit committee of ENROB was chaired by Lenny Boy, who was formerly an audit partner with Arthur Ng & Son. Lenny had made the task of the auditors almost impossible by rarely returning phone calls and being very uncooperative in providing documents and explaining transactions. He also used his familiarity with the audit firm to assure them that ENROB practices were completely legitimate. If the auditors pressed him for more detail he would resist, pointing out that most of the accounting practices in question had been set up on the advice of partners in the business consulting divisions of Arthur Ng & Son.

Required:

Advise Chubb whether it has any valid grounds for refusing to indemnify the auditors in respect of the claim by the Central Bank.

NOTE – you can assume that the Insurance Contracts Act 1984 (Cwth of Australia) does not apply to this policy.

[10 marks – 600 word limit]


Question 6

Big Hungry Profitmaker Ltd (‘BHP’) is a public corporation with a diverse range of interests in existing and proposed bus英语论文网 【http://www.51lunwen.org】iness ventures across the Asia Pacific region, including the following:
· An open cut gold and copper mine in the Phillipines which has been criticised for heavy metal contamination of local waterways and destruction of large tracts of rainforest;
· Palm oil plantations in Borneo which have been established through illegal burning of rainforest which has displaced endangered populations of orang-utan and the traditional hunting and gathering lifestyle of indigenous peoples.
· A proposal to construct a pulp mill in northern Tasmania, which is opposed because it is not planned to adopt best practice ‘chlorine free’ bleaching processes
· A proposal to build a new coal fired power station in southern China using the cheapest and ‘dirtiest’ technology.

Assume that you are the Chief Executive officer of BHP. Last night a group of environmental protesters surrounded your home and chanted loudly about your company’s environmental impacts. You also happened to watch Al Gore’s movie ‘An Inconvenient Truth’ and realise that it s time that industry was more proactive in dealing with environmental matters.

Required

Prepare a report for your Board of Directors of BHP on how to transform the company into a more sustainable corporation, using the above list of activities as a general indication of the types of risks and opportunities faced by the company.

[10 marks – 600 word limit]

Question 1
According to the fact, it is possible for Walter to take legal action against 本文来自:英语论文网 【http://www.51lunwen.org】
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