Statements (29)
Predicate | Object |
---|---|
gptkbp:instanceOf |
corporate collapse
|
gptkbp:affects |
shareholders
employees policyholders insurance industry in Australia |
gptkbp:cause |
financial mismanagement
fraudulent activities poor corporate governance under-reserving for claims |
gptkbp:date |
2001
|
gptkbp:estimatedLoss |
A$5.3 billion
|
https://www.w3.org/2000/01/rdf-schema#label |
HIH Insurance collapse
|
gptkbp:involvedIn |
gptkb:HIH_Insurance
|
gptkbp:keyPerson |
gptkb:Ray_Williams
gptkb:Bradley_Cooper gptkb:Rodney_Adler |
gptkbp:largestCorporateCollapseInAustralia |
true
|
gptkbp:ledTo |
Royal Commission into HIH Insurance
|
gptkbp:legalOutcome |
criminal convictions for executives
imprisonment of Ray Williams imprisonment of Rodney Adler |
gptkbp:mediaCoverage |
extensive
|
gptkbp:occurredIn |
gptkb:Australia
|
gptkbp:prompted |
changes to corporate governance laws
reforms in insurance regulation in Australia review of APRA's role |
gptkbp:resultedIn |
liquidation of HIH Insurance
|
gptkbp:bfsParent |
gptkb:Rodney_Adler
|
gptkbp:bfsLayer |
7
|