Austal Ltd's attempts to conceal contractual non-performance led to prosecution in multiple jurisdictions, emphasizing the serious risks of inadequate record-keeping and inaccurate financial disclosures for companies, especially amidst the growing number of financially troubled businesses.
Recent media reports on Oil Search’s handling of a senior executive’s reports of misconduct highlight the importance of ensuring that your organisation has a compliant whistleblowing policy and is prepared to handle qualifying disclosures in accordance with legal requirements and corporate governance principles.
A renewed focus is on modern slavery in supply chains, and in particular, those supply contains connected with Xinjiang province in the P.R.C. New regulations and enforcement measures are being introduced in Canada and the U.K. and are before Parliament in Australia.
Businesses with cross-border supply chains or who are responsible for facilitating cross-border transactions face heightened and new risks due to a combination of geopolitical tensions and operational changes brought about by the COVID-19 pandemic.
The inquiry into Victoria’s use of hotel quarantine will soon be compelling evidence from a wide range of individuals and organisations. We look at what participants can expect and the potential for adverse findings.