Leighton Holdings: Building Bribery case study and answer the following questions:

( CORPORATE GOVERNANCE CASE STUDIES - CPA Australia

https://www.cpaaustralia.com.au ethics cg-vol-4 ) (PAGE: 61-66))

1. What areas of law are pertinent to this case study (LEIGHTON HOLDING: BUILDING BRIBERY CASE)? Describe what the identified areas of law cover, and explain how they are relevant to the issues raised in the case study.

2. Describe the regulatory responsibility of the Australian Securities and Investments Commission (ASIC). Why was it suggested in the case study that ASIC was a regulatory body with weak foundations that failed to effectively handle the investigation into Leighton Holdings?

3. What is the business structure utilised by Leighton Holdings and what are its main features? How does the principle of separate legal existence apply to prevent the directors, employees and shareholders of Leighton Holdings from being personally liable to external stakeholders for the impropriety that has occurred here?

4. Using Leighton and other similar scandals, discuss the importance of "tone" at the top (the example set by leaders) and remuneration policy in contributing to, or preventing, corruption.