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ABC Learning of Australia - PDF

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Added on  2021-06-17

ABC Learning of Australia - PDF

   Added on 2021-06-17

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ABC Learning of Australia - PDF_1
Executive SummaryThere are many reasons which could lead to the liquidation of the company, some of the keyfactors being the failing of making any strategic decision, Insolvency, falsification of the books.All these factors lead to the downfall of the organization. Corporate governance, Financialdiscrepancies, change in laws, regulations and ethical issues would be broader term for suchfailure. If the financial statements are over stated or under stated by the organization, it couldlead to mis representation, when if disclosed might result in the fall of the share price which willresult in the fall of the market share.If the debt taken over by the company is more than the amount to repay it, might lead to a shortfall in cash. If the management is late in realizing the issue, this might lead to loss of confidenceof the shareholders on the organization.Ethics of a company is very important for its management and success. It provides guidance tothe business, understand the right and wrong for the company and all the person associated withit. Ethical issues can be of various nature, accounting ethics, employee rights, or professionalethics.Corporate Governance is considered to be one of major attributes which lead to the shaping of anorganization. This governance constitutes of both internal and external factor such asorganizational policies, laws, regulations, change in policy. The Board of directors should alsoensure that these corporate governances are properly followed.Effective Corporate governance would include the following: Individual director’s contribution and their personal liabilityPerformance of the board and its effectiveness.Relationship the organization has with its stakeholders.In Australia, the view is that a good corporate governance leads to better performance of thecompany as well the confidence of the shareholders remains intact. The introduction of the advisory vote for the remuneration of the directors is effective as it leadsto disclosure of remuneration to be paid and management accountability as well. The reports forthese disclosures is very lengthy which is of less comprehension to the general shareholders.The three company on which we will be providing the reason for liquidation and due to issuewith the corporate governance or that it could not meet with the financial stress.
ABC Learning of Australia - PDF_2
ContentABC Learning4HIH Insurance6One.Tel Company7Conclusion8Bibliography9
ABC Learning of Australia - PDF_3

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