Liquidation in Three Australian Companies: APES 110 Code of Ethics and Principles of Good Governance

Student Name
Course Title
College
TASK: Liquidation in three Australian Companies.
Apes 110 code of ethics
Principles of good governance

Executive Summary
Companies are normally wound up for a variety of reasons. Most of the time one reason may
stand out that may be pointed as the main reason that lead to the winding up, but it should be
noted that a series of occurrences from the past operations could have contributed in one way or
another to the winding up even if it cannot be directly linked up at the end.
A company leadership or governance is an important element in the company and its decisions
determines the success or failure of operations. It is charged in making the rules, policies and
procedures in the company.

Contents
Executive Summary.....................................................................................................................................2
Introduction.................................................................................................................................................4
Liquidation of the three companies..........................................................................................................4
ABC Learning.....................................................................................................................................4
HIH Insurance.....................................................................................................................................4
One Tel Phone Company.....................................................................................................................4
General comment on the three companies Liquidation........................................................................4
Apes 110 Code of Ethics.........................................................................................................................5
Codes of ethics........................................................................................................................................5
Integrity...............................................................................................................................................5
Objectivity...........................................................................................................................................6
Professional Competence and Due Care..............................................................................................6
Confidentiality.....................................................................................................................................6
Professional Behavior..........................................................................................................................6
Principles for corporate Governance.......................................................................................................6
Lay Solid Foundation for management and oversight.........................................................................7
Structure the board to add Value.........................................................................................................7
Promote Ethical and responsible decision making...............................................................................7
Safeguard Integrity in financial reporting............................................................................................7
Make timely and balanced disclosure..................................................................................................7
Respect Shareholders Rights...............................................................................................................7
Recognize and manage Risk................................................................................................................7
Remunerate fairly and responsibly......................................................................................................7
Recommendation and Conclusion...............................................................................................................8
References...................................................................................................................................................9