How can the corporations law in australia be changed to prevent another HIH collapse?

Introduction In order to critically discuss ways which the corporations law could be changed to prevent another HIH collapse, one must first identify the reasons for the collapse. Once these reasons are identified it will provide the information as to how the corporations law could be changed and whether the US approach to regulation of corporate governance after the Enron collapse is a more appropriate approach to reform of corporate governance regulation. Purpose of Corporations …

…Developments', (2003) 15 AJCL - Segal J, 'Insurance Council of Australia Conference', Canberra, 9 August 2001 - The Failure of HIH Insurance, The HIH Royal Commission, vol. 1, Canberra, April 2003 Electronic - http://www.apra.gov.au/ Interviews - Interview with Deana Trimboli, Corporate Officer at PricewaterhouseCoopers, 2 September, interview by Gracian Marando Lectures - Lecture by David Knott on Corporate Governance Principles Promotion and Practice, 16 July 2002, Monash University Legislation - Corporations Act 2001 (Cth) - Insurance Act 1973 (Cth) - Sarbanes-Oxley Act 2002