https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Northern_Australia/CavesatJuukanGorge/Interim_Report/section?id=committees%2Freportjnt%2F024579%2F75133 THE CONSEQUENCES OF NOT MEETING...

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https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Northern_Australia/CavesatJuukanGorge/Interim_Report/section?id=committees%2Freportjnt%2F024579%2F75133






THE CONSEQUENCES OF NOT MEETING THE NEEDS OF SHAREHOLDERS (SHARE PRICE, CORPORATE GOVERNANCE, LEGAL ACTION, SHAREHOLDERS REMOVING DIRECTORS)
REASONS FOR COMPANIES ACTING UNETHICALLY
WHAT MUST COMPANIES FOLLOW WHEN PREPARING FINANCIAL STATEMENT (AASB, CONCEPTUAL FRAMEWORK (QUALITATIVE CHARACTERISTICS), CORPORATIONS LAW, CORPORATE GOVERNANCE)


Answered 2 days AfterMar 14, 2021

Answer To: https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Northern_Australia/CavesatJuukanGorge...

Sugandh answered on Mar 17 2021
153 Votes
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The case anal
ysis is in connection with the Juukan Gorge - Interim Report which is an inquiry which lead to the destruction of the 46,000-year-old caves at the Juukan Gorge in the Pilbara region of Western Australia. The report which is analyzed is the interim report which is published on the financial year 9 December 2020.
The analysis is based on the option of the following parameters:-
1) THE CONSEQUENCES OF NOT MEETING THE NEEDS OF SHAREHOLDERS
In connection with the SHARE PRICE
It is evident that the decision to blow of the heritage led to a major destruct among the general public and badly effected the reputation of the company and their by the share price, goodwill as well as the market presence dropped on a major level thus, leading the shareholders to be disappointed in terms with the share price (Ben-Meir, 2020).
In connection with the CORPORATE GOVERNANCE
One of the main rule is to understand that company must follow the ethical responsibility and the other being the social responsibility. The organization majorly failed on account of the both category and further, it led to an issue where the company sustainability report was a embracement and provides an bad and a evil picture in front of the general public (Dhaliwal, Li, Tsang, and Yang, 2014).
In connection with the LEGAL ACTION
The company landed in a major law case which result in huge expense money wise which being the financial distress, but it also included the concept of...
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