Essay about Corporate Governance

2672 Words Sep 21st, 2013 11 Pages
October 17, 2012 CORPORATE GOVERNANCE ASSIGNMENT

Question 1

a). The Australian Investments function is to make sure the Australian financial markets are fairness and transparent. The Australian Securities and Investments Act 2001 (ASIC Act) has provided ASIC a number of enforcement powers to carry out their role, which includes: 1. Grant Australian financial service license and Australian credit license ASIC has the power to legalize or licensing
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The person that had been conducted the crime is require to provide ASIC with relevant information and give a realistic assistance. Therefore in order to do a proper examination ASIC oblige the company or a certain person (employees, officers and external administrators) to produce the company books. 3. Make rules for the purpose of ensuring the integrity of financial markets ASIC has the accountability for supervising licensed financial market in Australia. As the component for that responsibility ASIC has the power to create the market integrity rules, which is regulate to market operator, participants and any financial products deal with the relevant markets. This aim of this market integrity rules is to promote the fairness, equitability and efficient markets.

October 17, 2012 CORPORATE GOVERNANCE ASSIGNMENT

b). Under the Australian

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