BLAW1002: Markets and Legal Framework Individual Law Assignment Help
Question
BLAW1002: This is a Curtin University assignment that demands the student to analyze the case study provided in the assessment file and answer four questions based on the scenario presented. This requires a thorough application of the course modules as well as concepts researched from outside relevant resources. The case study that needs to be analyzed revolves around the destruction of the Juukan Gorge caves of Western Australia by the Rio Tinto Group.
Solution
While providing Curtin University Australia assignment help, our experts have demonstrated an in-depth knowledge of the important concepts of Markets and Legal framework. The solution consists of the answers to the four questions by drawing upon theories from both course modules, as well as other scholarly research.
Question 1
In this question, the student is supposed to remark on the legal disciplines that are relevant to this case study. Our experts provide top-quality assistance by explaining the highlighted legal topics in simple terms and how they relate to the questions posed in the case study. This is why students all across Perth trust OAS for Business Law assignment help.
Before discussing the particularly areas of law that are relevant for this case study, it needs to be mentioned that the blasts that were conducted by Rio Tinto the mining site were legal and not against the law even if these blasts have resulted in damage to the 4000 years old sacred Juukan George site that had a genetic link with the present day traditional owners are the PKKP. It also needs to be noted that before this incident, Rio Tinto enjoyed a good reputation regarding the handling of indigenous affairs in the area. Rio Tinto was also among the largest employers of indigenous people in Australia and 11.9% of the workforce at Pilbara mines comprised of the local indigenous people.1 Under these circumstances, even if the blasts conducted at the iron ore mines of Rio Tinto were legal but these blasts destroy the sacred site at theJuukan George cave which were historically very significant. The PKKP also considered these sites as sacred but these were demolished while expanding the mines of Rio Tinto. as a result of this destruction, significant distress was caused to the traditional owners of the site and at the same time the investors also increased the pressure on mining industry to review the heritage management practices.
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Question 2
Based on the analysis of the case study, this section discusses why it becomes crucial that multinational corporations like Rio Tinto have a stakeholder orientation when making decisions. Our experts have incorporated literature from recent articles as well here to improve the credibility of the answer written in this Curtin University Australia assignment help.
This case study also is the significance of stakeholder orientation for global corporations like Rio Tinto while making important operational decisions. This could have been better facilitated by the outgoing CEO, Jean-Sébastien Jacques. The significance of this issue can from the fact that at the time of leaving the company, Jacques a total the ministration of US$18.6 million. This amount also included the value of shares awarded to him. This was despite the fact that earlier Jacques had been penalized by the board and US$3.6 million were forfeited.4 The shareholders of Rio were not in favour of the board’s decision of this generous payout to the former CEO of the company. And the general meeting of the company in 2021, more than 60% of the shareholders of the company have reported against the relation policy of the company.
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Question 3
In the following section, our experts have outlined the significance held by the corporate culture in the Juukan Gorge cave’s destruction. Our experts have also highlighted the issues at Rio Tinto that were caused by flaws in risk governance and risk management. Our experts address every requirement of the task, which is how we provide the best assignment help services in Australia.
It is possible that the corporate culture at Rio Tinto could have played a role in the destruction of Juukan Gorge cave. The reason is that the issues that may be present in risk governance and risk management can play a role in the problems faced by the company. While Jacques was the youngest CEO at 44 years he had risen to the top position in the company in only five years. After his appointment, Jacques and a major restructuring in the company. He transferred the responsibility of global community and indigenous relations of the company to the external relations division to the headquarters of the company in London. But Bruce Harvey, earlier leading the former division had mentioned that this move could the line of authority into PR division.10 He also stated that as CEO, Jacques had authorized the change in light of direct accountability and the senior leaders in the company who were present for the company were given away in favor of an individual in the centralized role. In the same and other farm is at the company had also agreed with these views. He claimed that the recent years, Rio had started ignoring the advice given by aboriginal apologists and archaeologists and were favouring the persons who are specialists in marketing, branding and media. It was pointed out that earlier, the petitioners and the company who were motivated to serve the company as well as the community in accordance with the earlier regional relations policies adopted by the company.11 However, by 2016, all these persons were removed from position in the company.
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Question 4
The primary characteristics of Rio Tinto’s chosen business structure have been elaborated upon in this section. This section outlines how Rio Tinto’s directors, staff, and shareholders can avoid personal liability to the Puutu Kunti Kurrama and Pinikura people by the use of the principle of separate legal existence.
The business structure of a corporation has been adopted by Rio Tinto. Among the disadvantages that are present in case of the business structure of a corporation, one significant advantages of limited liability. Due to the notion of separate legal identity of a corporation, it benefits from limited liability, and the company’s stockholders are not held personally accountable for its obligations. Among some of the notable features that are present in case of the business sector of the company, features like separate legal identity of the company perpetual existence, limited liability and the separation of ownership from the management are some of the salient features of a company. A company is a separate legal entity from its owners and executives. Your company may be sued as a separate entity and is responsible for making its own debt payments. Members are not personally liable for actions taken by the company in the course of business. The company will also not be held liable for any personal debts of its members.12 A corporation is a reliable business structure, unlike unincorporated businesses. Its continued existence is not contingent on the health of its investors, board members, or staff. Even if some of its members leave, the business itself will endure forever.
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