Collapse of One Tel Limited: Analysis of Management and Corporate Governance

Accounting for Managers
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Contents
Introduction................................................................................................................................4
Company background................................................................................................................5
Achievements.............................................................................................................................6
Management and governance structure......................................................................................7
Corporate governance................................................................................................................8
Collapse of One Tel Limited......................................................................................................9
Conclusion................................................................................................................................11
Bibliography.............................................................................................................................12
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Executive summary
In the current environment, it has been noticed that many companies and organizations are
trying to improvise their management and corporate governance practices in relation to the
risk management tasks. The main reason behind this improvisation is that most of the
companies are facing downfall if they are considering the management measures in their day
to day work. Also, the main reason behind the collapse of such companies is the increase that
is observed in their liabilities which may restrict the company from fulfilling its debt
obligations. The above report will clearly analyze the milestones that have been achieved by
the company and also the reasons that have caused its failure.
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Introduction
The company One Tel Limited was founded in the year 1995 and was restricted from trading
in 2001. During this period, the organization has achieved many positions in the Australian
telecommunication industries which have helped it to earn a reputable position in the market.
The company gained a lot of media influence at the time of the liquidation in which most of
them stated that the collapse of One Tel Limited was majorly caused because of the IT
system failure. (Boyd, 2013)The use of IT system for a large scale telecommunication
company should have a high degree of professionalism and long-term planning to meet the
rapid growth that has been observed by the organization.
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