Title Page Number Executive Summary ...........2 Introduction..............3 What is corporate governance...............4 Overview of CLERP 9............6 Brief Overview of case..........6 Decision on the case............8 Recommendations for possible reforms.........10 Directors duties............15 Conclusion...............18 References .............19 Executive Summary: HIH corp. was going through a major crisis and directors tried to manipulate the market and tried several last ditch efforts to avoid the crisis, but because of several reasons crashed and resulted into a loss of billions of dollars of small investors and …showed first 75 words of 3584 total…

…showed last 75 words of 3584 total…law (11th ed.). Australia: Lawbook Co. Lipton, Herzberg, Von Nessen,.( 2002) .Essential Corporations Legislations; Thompson Law Book Co. Westfield,M.,(2003).HIH:The inside story of Australia's biggest corporate collapse,John Wiley & sons Austrlia,Ltd. Journals CORPORATE GOVERNANCE SCORING SYSTEMS: WHAT DO THEY TELL US?; Pernilla Linden, Zoltan Matolcsy. Australian Accounting Review. Melbourne: Mar 2004.Vol.14, Iss. 1; pg. 9, 8 pgs. TRUE AND FAIR - AN IMAGINARY VIEW; Mark Leibler. Australian Accounting Review. Melbourne: Nov 2003.Vol.13, Iss. 3; pg. 61.