Corporate governance and the Australian Wheat Board (AWB) oil for wheat scandal

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This essay is to be written on the ? ?Corporate governance and the Australian Wheat Board (AWB) ?oil for wheat? scandal.
Detailed Information:
The Australian Wheat Board Limited (AWB) was at the centre of a major ?oil for wheat? scandal that was publicly exposed via The Volcker Report (2005) and The Cole Report (2005). This case not only triggered criminal actions against directors, but drew attention to the role of corporate culture in the unethical behaviour of directors and senior management.
The ASX Corporate Governance Principles and Recommendations (2013) (ASX Principles) are designed to provide best practice guidance for listed companies and to increase the transparency of corporate governance practices for investors and other corporate stakeholders.
Fallon and Cooper (2015, p74) note that despite the ASX Principles, the AWB board and management failed to pay attention to sound governance practices and, within the context of a corrupt corporate culture, ultimately contributed to what is now commonly referred to as the ?oil for wheat? scandal. Fallon and Cooper (2015, p74) also note that a written code, such as the ASX Principles, is insufficient alone to guarantee ethical behaviour.
Required:
With reference to the AWB ?oil for wheat? scandal:
1. Identify the principles of the ASX Principles which may have been relevant to the AWB case and discuss how application of these may have hampered management from engaging in inappropriate business practices.
2. Discuss the notion that compliance with a written code (such as the ASX Principles, the Corporations Law or the Code of Ethics for Professional Accountants) is insufficient to guarantee ethical behaviour.
References: Your essay should refer to at least 9 relevant sources, of which at least 6 must be academic journal articles.
Essay word count of 2000 words, and abstract of 200 words.
I will attach the Case Study required.
Marks will be awarded based on the following criteria:
1. abstract or synopsis
2. structure and presentation
3. content – including evidence of understanding and critical reflection of the issues.
4. style – English expression, fluency, logical development of arguments
5. research effort
6. correct referencing protocol (using the Harvard method).
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