The negative aspects of this company's cash flow accelerated the pace of HIH's decline and led directly to the company's liquidation. BREACH OF THE LAW Judge Owen found that specific incidents could have constituted a breach of the law. The HIH Royal Commission had cited 56 possible offenses under the Corporations Act or the Crimes Act, split equally between civil and criminal offences, and recommended that the Director of Public Prosecutions or the Australian Securities and Investments Commission consider bringing charges. accusations. MORALITY, ETHICS, AND INTEGRITYThose involved in the leadership and management of public corporations, as well as their professional advisors, must identify and examine what they consider to be the basic moral foundation of their value system. They must then apply these principles in decision-making