Corporate Governance & Board of Directors The Corporate Governance of any business is the relationship among the board of directors‚ management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen‚ 2007‚ p. 18). Although laws and standards vary‚ the board of directors is: · Those who set the overall path‚ vision and mission within the business. · Those who make the decisions to hire and‚ or fire any top management member (Hunger & Wheelen‚ 2007
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usually do not look behind ‘the veil’ to inquire why the company was formed or who really controls it. However‚ in some situations the veil is pierced so as to render officers criminally liable for their company’s breaches of the Act. Explain clearly statutory exceptions where the court would lift the veil of incorporation. The required characteristic of a company is that it exists as a separate legal entity from its members of the company. The separate legal entity was authoritatively established
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| | | | |Sole Proprietorship |Partnership |Un-incorporated Associations |Companies | | | | | | | | |
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Paper F4 (ENG) CHAPTER Corporate and business law 8 Companies and legal personality Contents 1 2 3 The features of a limited company Types of company Advantages and disadvantages of incorporation: the veil of incorporation © EWP Go to www.emilewoolfpublishing.com for Q/As‚ Notes & Study Guides 199 Paper F4: Corporate and business law (English) The features of a limited company Comparison of companies with other forms of business The meaning of separate legal personality
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BUS203 Company Law and Corporate Governance Assignment 2 - Group-Based Assignment July 2012 Presentation BUS203 Group-based Assignment Group-based Assignment This assignment is worth 30% of the final mark for BUS203 Company Law and Corporate Governance. The cut-off date for this assignment is 14 October 2012‚ 2359 hrs. This is a group-based assignment. You should form a group of 3 members from your seminar group. Each group is required to upload a single report to MyUniSIM via
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Around 1890‚ Congress started to create antitrust laws‚ and several cases involving antitrust laws as early as the past year‚ such as the Sherman Act which outlaws "every contract‚ combination‚ or conspiracy in restraint of trade‚" and any "monopolization‚ attempted monopolization‚ or conspiracy or combination to monopolize.” The antitrust laws prohibit illegal mergers and commercial practices in general terms‚ thus leaving the courts to decide on which practices are unlawful based on the facts of
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Werribee. He leaves it parked there overnight‚ intending to drive it to a remote dump the next day. A municipal inspector sees the truck in the yard and discovers that the soil in the truck is toxic waste. The inspector tells Alex that the law forbids storing such materials near a river or river bed without a special permit. Alex admits that the soil is contaminated and says that he cannot produce a permit. The Werribee River is three kilometres from the haulage company’s yard.
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Role of independent director in corporate governance Contents INTRODUCTION “Corporate Governance is the system by which companies are directed and controlled.”1 Corporate governance is integral to the existence of a company. It inspires and strengthens investor confidence by ensuring company’s commitment to higher growth and profits. The overall objectives of governance should be to maximize long term value and shareholders’ wealth
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organizations in Singapore with the intent of profit generation are categorized under two main types of corporations‚ either unincorporated or incorporated. The law treats each entity differently. Unincorporated Entities Unlike the incorporated entities‚ an unincorporated entity business does not have separate legal personality. The law does not separate the people who establish the business and the business itself. In other words‚ the rights and liabilities of the unincorporated entity are treated
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CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket
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