Free Samples
BULAW5911 Managing The Legal Environment
.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}
BULAW5911 Managing The Legal Environment
0 Download8 Pages / 1,858 Words
Course Code: BULAW5911
University: Federation University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Question:
Selected area/legal issue involving research, discussion, appraisal and analysis of the law, legal risk and need for reform.
Answer:
Introduction
The subject concerns the legal regulatory framework required by organizations in their day in day out activities. It entails various objectives such as how to apply the relevant legal environment knowledge to arising situations, being aware of the existing legal issues and coming up with strategies to effectively respond to the existing risks, (Boutilier & Thomson 2011).It also, advocates for the promotion of research writing skills that can play an effective role evaluating legal information and further looks into existing theories in relation to organizations.
Summary of topics
In regards to the summary of the topics tackled, topic one concerned how to manage the legal environment in which the definition was outlined, theories in regards to the regulating and enforcing environmental laws were discussed and further research into the provisions of the law looked into, (Magness 2008).
The 2nd topic looked into the theory of governance, its various structures and who bears the responsibilities and liabilities, the opportunities available and threats that exist in it
The 3rd topic was in regards to how the various legal relationships should be managed, which include: special contracts such as those of employment or agency and its associated risks where factors vitiating a contract such as offer and those that can result to breach such as mistake & misrepresentation were outlined with relevant case laws such as Carlill vs. Carbolic Smokeball.
Regarding the 4th week, various obligations arising from the legal environment were discussed more so the obligation in regards to torts, issues around it and the implications it brings about.
In the 5th week, a response of the organization towards various challenges was looked into, such as global challenges i.e. those faced worldwide while local ones are those of a specific state. In addition, possible risks were also looked into and further ways to come up with strategies in response to the risks via decision making were discussed, (Ansell & Gash 2008).
Case law discussion
The Australian wheat board case (1999-2005)
The case concerned one of the white collar form of crimes i.e. bribery which was reported as one of the biggest international case. The company transformed from being run as a public corporation to a private entity following the occurrence of the events below: The Company was the biggest supplier of humanitarian goods under OFFP which existed as from late 1996 -2003, (Rogers 2008). During the period it got over 2 billion US dollars from BNP account through selling over 6m tones of wheat to Iraq in which it paid over $ 2m illegal fee to Iraq that later become responsible for the inland transportation of its humanitarian goods but due to privatization the terms had to be changed, (James & Wooten 2010). Following this, the major trends were in regards to requests for tender by IGB including illegal fees, contracts between IGB & AWB including illicit fees, requests for added fees outside of the OFFP & AWB complying to pay the illicit fees. Based on the investigation it was apparent that AWB committed unacceptable act of paying unlawful fees, thus making the corporation a motivated lawbreaker and by signing the contracts it made itself a motivated wrongdoer and appropriate target, (Wang & Pizam 2011).
The Volkswagen scandal
The case concerned an allegation that VW, Audi and Skoda took part in misleading and deceptive conduct in Australia, where it was discovered that most Volkswagen cars sold in the us were fitted with a particular software made to evade pollution controls and that almost one hundred thousand Australians owned Volkswagen that had been affected by the software. Despite the existence of various emails and letters referred to by the legal representatives of the Australian competition and consumer commission where Audi and VW companies had admitted to the regulators and their customers that their emission software was not in line with the Australian laws they still argued that they didn’t have a case to answer since the approval of affected cars came from Europe before their exportation to Australia
JJ Richards Contract
The company is one of the biggest owned private waste management corporations in Australia that provides sanitary, recycling and green collection of waste services. It was the first case in which the ACCC enforced in regards to the new laws that were put in place to protect small businesses form unfair contract terms. As per the consumer laws in Australia any terms result to imbalance of power between the entities don’t serve to protect their interests and that which can cause financial detriment to small business if relied on, are unfair and void. Therefore in the case, the federal court found the eight terms of contract by JJ Richards Company, used in transacting small businesses were unfair and therefore declared void.
Oil spill scandal
The case also known as the deep-water horizon oil spill or BP oil spill an industrial disaster that began in the year 2010 in the gulf of Mexico after being brought forward by Sinaloa Class Actions which is an entity made up of lawyers specialized in environmental matters, according to them, during the occurrence of the disaster, oil reached shores of Mexico and therefore interfering with hundreds of people in the surrounding that relied on fishing and tourism for sustainment. Later it accepted to compensate the damage in us
Stakeholder’s Theory
In looking at this theory it’s important to consider the key definition of a ‘stakeholder’ which refers to any person or group who has impact or can be affected by the operation of an organization. Such include: shareholders, employees, suppliers, customers and the community at large. On the other hand, generally the theory idea entails what the organization should be and how it should be conceptualized. Ackermann & Eden (2011) is of the idea that the entity should be taken as a group of stakeholders whose role should be to manage their interests, needs and viewpoints, (Jones 2015). Further, the definition is always a subject of debate in literature which has resulted to recent definitions such as; they are groups who play a significant role in the continuity and success of the business
Further, the theory is looked at in various ways i.e. the normative way in literature, the descriptive way and the instrumental stakeholder theory all concerning how managers should conduct themselves and the company activities, (Jamal & Stronza 2009).
Institutional theory
The theory can be looked at as new & old theory of the institution, whereby the old suggests that corporations are bodies that show the values of a society while new suggests that bodies are reflected in corporations. Further, the theory in regards governance is influenced by almost all theories concerning ethics because the expectations of a society are natured and styled by governance. In conclusion therefore, what organizations take part in, how they are managed and what is expected in response to regulation is majorly influenced by institutions.
Management of legal risks
Risks in the legal sphere arise due the various relationships that exist among the different parties such as parties to a contract, employment and agency relationships. Therefore the legal environment comes up with strategies that help in the regulation of such risks which include: coming up with laws whose sources include the common law and legislations such as acts of parliaments, (Cole 2016). Further, the management may be indirect vs direct or market and non-market. Market involves interactions between corporations and other individuals usually providers while the non-market involves the social, political & legal arrangements that enable communications in conjunction with, markets and private entities, (Mitchel, Wood & Agle 2017). Issues for management include; protection of the environment, technological regulations, safety & health international exchange policies, corporation responsibilities and ethics.
Further, there exist risk management standards that must be complied with through adhering to the laid out laws, (Alkin, Christie & Vo 2012). Failure to manage the risks it might result to reduction in reputation of the market, reduce market opportunity or result into loss of value.
Reflection
The topic and the learning outcomes are of much importance more so to organizations as they help them be aware of the existing dangers they are exposed to and be able to develop flexible strategies that can be able to address both global and local challenges.
The theory of agency
The agency theory involves two main parties i.e. the principal and his agent where the agent acts on behave of the principal and therefore resulting to liability on the principal as he is bound by the actions of the agent done in course of duty or under the principal’s instructions, (Lan & Heracleous 2010). Further the agent-principal authority arises under any of the following: express where the agent is instructed to act in a certain way; implied authority which can be construed from their conduct; ostensible; ratified and by necessity
References
Ackermann, F., & Eden, C. (2011). Strategic management of stakeholders: Theory and practice. Long range planning, 44(3), 179-196.
Retrieved from https://espace.curtin.edu.au/handle/20.500.11937/19746
Alkin, M. C., Christie, C. A., & Vo, A. T. (2012). Evaluation theory. Evaluation roots: A wider perspective of theorists’ views and influences, 386.
Retrieved from journals.sfu.ca/jmde/index.php/jmde_1/article/download/348/34
Ansell, C., & Gash, A. (2008). Collaborative governance in theory and practice. Journal of public administration research and theory, 18(4), 543-571.
Retrieved from https://academic.oup.com/jpart/article-abstract/18/4/543/1090370
Boutilier, R. G., & Thomson, I. (2011). Modelling and measuring the social license to operate: fruits of a dialogue between theory and practice. Social Licence, 1779-96.
Retrieved from https://socialicense.com/…/Modelling%20and%20Measuring%20the%20SLO.pdf
Cole, T.R. (2016). “Report of the inquiry into certain Australian companies in relation to the UN Oil for Food Program. Retrieved from https://trove.nla.gov.au/work/25714701
Jamal, T., & Stronza, A. (2009). Collaboration theory and tourism practice in protected areas: Stakeholders, structuring and sustainability. Journal of Sustainable tourism, 17(2), 169-189. Retrieved from https://www.tandfonline.com/doi/abs/10.1080/09669580802495741
James, E. H., & Wooten, L. P. (2010). Leading under pressure: From surviving to thriving before, during, and after a crisis. New York, NY: Routledge. Retrieved from https://www.amazon.com/Leading-Under-Pressure-Surviving-Thriving/dp/1841697915
Jones, T.M. (2015). ‘Instrumental Stakeholders Theory: A Synthesis of Ethics and Economics.’ Academy of management review
Lan, L. L., & Heracleous, L. (2010). Rethinking agency theory: The view from law. Academy of management review, 35(2), 294-314. Retrieved from https://www.tib.eu/en/search/id/…/Rethinking-Agency-Theory-The-View-from-Law/
Magness, V. (2008). Who are the stakeholders now? An empirical examination of the Mitchell, Agle, and Wood theory of stakeholder salience. Journal of business ethics, 83(2), 177-192.
Mitchel .R.K, Wood, B.R.&Agle (2017). Towards a Theory of Stakeholders Identification and Silence: Defining the Principle of Who and What Really Counts, Academy of Management Review. Retrieved from https://pdfs.semanticscholar.org/6606/e86c38b524890f2f805ef6f20436916f2884.pdf
Rogers, P. J. (2008). Using programme theory to evaluate complicated and complex aspects of interventions. Evaluation, 14(1), 29-48.
Wang, Y., & Pizam, A. (Eds.). (2011). Destination marketing and management: Theories and applications. Cabi.
Free Membership to World’s Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 8 pages
PAY 5 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2021). Managing The Legal Environment. Retrieved from https://myassignmenthelp.com/free-samples/bulaw5911-managing-the-legal-environment/australian-wheat-board-case.html.
“Managing The Legal Environment.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bulaw5911-managing-the-legal-environment/australian-wheat-board-case.html.
My Assignment Help (2021) Managing The Legal Environment [Online]. Available from: https://myassignmenthelp.com/free-samples/bulaw5911-managing-the-legal-environment/australian-wheat-board-case.html[Accessed 19 December 2021].
My Assignment Help. ‘Managing The Legal Environment’ (My Assignment Help, 2021)
My Assignment Help. Managing The Legal Environment [Internet]. My Assignment Help. 2021 [cited 19 December 2021]. Available from: https://myassignmenthelp.com/free-samples/bulaw5911-managing-the-legal-environment/australian-wheat-board-case.html.
×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}
×
Thank you for your interest
The respective sample has been mail to your register email id
×
CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.
Account created successfully!
We have sent login details on your registered email.
User:
Password:
With time, MyAssignmenthelp.com has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers’ teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.
Latest Business Law Samples
div#loaddata .card img {max-width: 100%;
}
BU1112 Business Law
Download :
0 | Pages :
6
Course Code: BU1112
University: James Cook University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Part A
Issue:
Whether Stella is considered as an employee of PRX?
Rule:
The main difference between employee and independent contractor is stated below:
Employee entered into contract of service, but contractor entered into contract for services.
Employer exercise control over the employee but no control was exercised by employer on contractor. It is considered as traditional test which was developed in Zuijs v Wirth Bros(Zuijs…
Read
More
Tags:
Australia South Lake Management health finance management University of New South Wales
BSBWHS605 Develop Implement And Maintain WHS Management Systems
Download :
0 | Pages :
15
Course Code: BSBWHS605
University: Swinburne University Of Technology
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers:
Work Health and Safety Management System (WHSMS) is a collection of plans, tools, activities and processes. List 3 of these plans, tools, activities or processes and explain what they are,
The means, nitty gritty beneath, can be utilized whether the arranging procedure is straightforward or complex. They are:
Evaluating the current word related to wellbeing and security status including the ‘administration framework’ Lussier, R. N…
Read
More
Tags:
Australia Brisbane Management Work Health and Safety Management System (WHSMS University of Brisbane MBA
BUSN331 Business Law
Download :
0 | Pages :
3
Course Code: BUSN331
University: Centennial College
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Canada
Answers:
Introduction
In Alberta, the Residential Tenancies Act applies to all the people in this jurisdiction, who rent their space out (Alberta Queen’s Printer, 2016). Through this act, the rights and responsibilities of the landlords and tenants are brought forward (Landlord and Tenant, 2015).
Question 1
Before a tenant can move in the rented accommodation, the tenant and the landlord have to reach an agreement, with regards to the…
Read
More
Tags:
Australia Edmonton Humanities Management University of New South Wales Masters in Business Administration
LA1040 Contract Law
Download :
0 | Pages :
11
Course Code: LA1040
University: University Of London
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answer:
Introduction
A contract is an agreement between the parties which is enforceable legally in the courts. There are several provisions of law which governs how the terms related to the contract would operate. A contract consists of a set of provisions which are known as contractual terms. The weightage of such terms are not equal as one term may have a more significant consequence as compared to the other in relation to their brea…
Read
More
Tags:
United Kingdom London Economics Management University of London
TLAW202 Corporations Law
Download :
0 | Pages :
9
Course Code: TLAW202
University: Top Education Institute
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers:
1.
If any person wants to carry out his business in the form of a company, then, it is necessary that the registration or incorporation requirements of such country must be met. In Australia, the Corporation Act 2001 and the guidelines laid down by ASIC provides with the steps that must be accomplish in order to establish a corporate entity. (Malbon & Bishop, 2006).
A company is of great significance as it is treated as a …
Read
More
Next
