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This is particular so because HIH was not unusual case of major fraud or embezzlement. The failures identified by Commissioner Owen were by and large failures stemming from mismanagement. Most breaches of the law were designed to cover up the consequential increasing financial difficulties which were engulfing HIH” (Lipton, P., 2003, p.273, Retrieved 19th December 2007).
2. CORPORATE DEVELOPMENT HIGHLIGHTS OF HIH
The origins of HIH can be traced back to 1968 when it was incorporated as MW Payne Liability Agencies Pty Ltd, changing its name to CE Heath International Holdings Limited in 1989...
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