Legal Aspects of International Business and Enterprise

Added on - 28 May 2020

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Running head: REGULATORY FRAMEWORK0Legal Aspects ofInternationalBusiness andEnterprise
REGULATORY FRAMEWORK1Table of ContentsIntroduction................................................................................................................................2BHP Billiton...............................................................................................................................3Industry of BHP Billiton........................................................................................................3Number of Staff in Australia and Globally............................................................................3Location of Global Headquarters...........................................................................................3Regulatory Framework of BHP Billiton....................................................................................3Impact of Agreement, Treaties or Conventions on BHP Billiton..............................................5Conclusion..................................................................................................................................8References..................................................................................................................................9
REGULATORY FRAMEWORK2IntroductionDue to globalisation and digitalisation, it is easier for organisations to expand theiroperations over worldwide which increase the number of multinational companies.International corporations have to comply with domestic and international regulatoryframeworks that are established by the government. A firm can gain competitive advantageand increase its brand image by effectively comply with its regulatory framework. This reportwill analyse the regulatory framework of ‘BHP Billiton’ and evaluate various laws that arenecessary to comply by the corporation while operating its business in Australian market.‘BHP Billiton’ is a multinational mining, petroleum, and metals company which was foundedin 1885. The firm performs a wide variety of oil and gas, mining and processing producingoperations in more than 25 countries (BHP, 2017). Further, the report will focus on analysingvarious treaties, agreements, and conventions that influence the business of ‘BHP Billiton’.
REGULATORY FRAMEWORK3BHP BillitonBroken Hill Proprietary Company Limited merged with Billiton PLC in 2001, and thenew corporation was established called BHP Billiton; it is an Anglo-Australian internationalmetal, petroleum, and mining firm. It is a dual listed company, and it is listed on both LondonStock Exchange and Australian Securities Exchange (BHP, 2017). The corporation focuseson establishing an utmost level of governance fostering a culture which incorporatescorporate integrity and ethical standards into the business structure of the firm. The companyvalues sustainable development of its stakeholders and give utmost importance its safety andhealth of its employees; the enterprise has prioritised its responsibility towards protecting theenvironment, and it contributes towards the development of local communities. According toForbes (2017), BHP Billiton is one of the world’s top multinational performer companieswith a market capitalisation of US$98.3 billion.Industry of BHP BillitonThe corporation operates in metal and mining industry, and it is one of the world’slargest depositors of uranium, gold, coal, nickel, iron, and copper. The operations of thecompany are situated in more than 25 countries, and it is one of the leading resource firmsworldwide. In 2016, the enterprise had revenue of AU$30.9 billion from its operationsworldwide (Owler, 2017).Number of Staff in Australia and GloballyBHP Billiton is a world-leading resource firm with more than 65,263 employees, andcontractors situate throughout the world. In 2017, the corporation has more than 26,146employees in Australia which include employees from all subsidiaries; the CEO of theenterprise is Andrew Mackenzie (IBIS World, 2017).Location of Global HeadquartersBHP Billiton’s global headquarters is located at 171 Collins Street, Melbourne,Australia (BHP, 2013). The main operations of the corporations are situated in Australia,United States, United Kingdom, Brazil, and Canada.
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