Anglo American’s Grosvenor coal mine explosion in Queensland in 2020 is ultimately attributable to overwhelming production pressures. Underground coal mining is a particularly dangerous activity, requiring delicate engineering judgements to manage a variety of hazards in an ever-changing geological environment. These judgements need to be protected from commercial pressures. However, Anglo had set production targets and provided incentives to reach and exceed these targets, which inevitably corrupted judgements about how to produce coal safely. The Grosvenor explosion demonstrates how disastrous these targets and incentives can be in highly hazardous environments.
Large companies are carefully designed to maximise profit. If they are exposed to catastrophic risks, they must also be carefully designed to ensure that these risks are effectively managed. This imperative must be built into their organisational structure just as fundamentally as is the profit motive. This book shows how to do this. It provides a model that CEOs and their senior executives should apply to their own organisations.
Sacrificing Safety draws on the Board of Inquiry Report into the Grosvenor accident, and also on insights from other hazardous industries, particularly the oil and gas industry. The author was originally appointed to the Board of Inquiry, but withdrew, in circumstances that are explained in an appendix.
The field of intellectual property law continues to grow, while moving increasingly into the mainstream. The third edition of this invaluable book has been extensively revised and updated — keeping the reader abreast with the latest developments in this area of law. Written...
This guide is a user-friendly resource for those needing a practical set of tools to carry out the complex work of the board of directors. No matter what your experience level, this book will inform and stimulate your thinking and help you build the best governance knowledge and practices for you...
The Australian Master Tax Guide is Australia’s leading tax handbook. Professionals rely upon the Guide for clear, concise and current commentary covering the full scope of Australian taxation law. The 2022, 71st edition of the Guide contains: authoritative commen...
The Guide contains practical examples, checklists and planning strategies that enable users to find GST answers quickly. This 23rd edition will be updated to the law as at 1 January 2022, and contain updates to any GST developments that occurred in 2021. Topics Covered: Highlights of ...
Australian Corporations & Securities Legislation 2022 is a 2-volume set containing Australia’s corporations legislation and related legislation. The 2022 edition will include all amendments made up to and including 1 January 2022. This is a handy, electronic version of all ...
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