Assignment:
Corporate Governance
Bosses who kill should be jailed. In the case of James Hardie executives, they have known since the 1930s that asbestos is a killer and they didn't stop producing asbestos products until 1985. James Hardie executives' decision to continue producing asbestos for more than 50 years after discovering that asbestos is a killer means that they should be prosecuted for manslaughter. They are mass murderers.
The+James+Hardie+Decisions+ASIC
To date the only action taken against the management of James Hardie was the 2007 civil penalty proceedings against seven former non-executive directors, three former executive directors and the company secretary/general counsel of JHIL for breaches of s 180(1) of the Act brought by ASIC. It was alleged that each failed to exercise due care and diligence in relation to the release of information to the share market and, by doing so, breached their duties to the company.
Required:
You are about to write the outline of a paper that will eventually be submitted to a professional journal that specialises in corporate governance. Youyou're your co-authors have decided to examine the extent to which the management of James Hardie Industries has been held accountable for the health and safety of its workers, customers and the community generally. You will present the initial results of your research at an informal meeting of your colleagues for comment before submitting the paper to the journal. In your paper you will:
a) outline the findings of the various courts of appeal (Around 300words)
b) discuss the severity of the penalties awarded to the management of James Hardie. (Around 300 words)
(Please provide the reference)
Yopu must also provide the powerpoint and around 5 mins presentation on these two parts.
Attachment:- Case Study-James Hardie Industries.rar