HIH Insurance was a company in Australia which collapsed in March 2001. The fall of HIH Insurance is considered as the biggest corporate collapse in Australian history. HIH Insurance's failure was the result of a string of major events leading up to the collapse. These events were generally caused by the extremely poor decision making and leadership by many of HIH Insurance's founders and board of directors who displayed no ethical standards as they engaged in illegal activity, which resulted in them facing consequences through charges in court towards the end of HIH Insurance's collapse. This poor leadership was the root of many of the major problems within HIH Insurance which eventually caused the fall of the Insurance giant. This collapse