THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE I GENERAL PROVISIONS Definitions and Classifications Section 1. Title of the Code. - This Code shall be known as "The Corporation Code of the Philippines". Sec. 2. Corporation defined. - A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Sec. 3. Classes of corporations. -
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Glencore Canada Corporation is one of the world’s largest global diversified natural resource companies and a major producer as well as trader of more than 90 commodities. The company was founded in 1947 in Toronto‚ named as Marc Rich+Co AG‚ initially it focused on the physical market of ferrous‚ non-ferrous metals‚ minerals and crude oil. After 16 years of market growth‚ it successfully acquired a stake in the global resource giant‚ Glencore Xstrata and get renamed. The mother company is currently
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Corporations are moral agents I chose to evaluate the second debate because I thought it was the most significant to the purpose of the class: to analyze the moral responsibility of business. The debaters were assigned to negate and affirm the following motion: Corporations are Moral Agents. In my opinion‚ this motion comes down to the decision to hold corporations responsible for their (corporations) decisions on a moral basis or just hold them responsible for their decisions on a legal basis
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Christian Palomares JUS 444 Critical Essay April 21‚ 2013 Marcopper Mining Corporation The residents of Marinduque Island in the Phillippines have suffered from environmental injustice for the past 40 years. The toxic waste from the Marcopper Mine‚ have devastated the environment and the health of nearby communities. Due to poverty‚ corrupt local government and multinational corporations and the disinterest of the international community‚ the environmental negative effects of the
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CORPORATION LAW INTRODUCTION Definition and attributes of a corporation A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. A corporation‚ being a creature of law‚ "owes its life to the state‚ its birth being purely dependent on its will‚" it is "a creature without any existence until it has received the imprimatur of the state acting
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ABB is a multinational corporation headquartered in Zurich‚ Switzerland‚ operating in robotic and mainly in the power and automation technology areas. ABB Sea Brown Boveria was formed in 1988 from the merger of Asea AB (Sweden) and BBC Brown Boveria (Switzerland). It ranked 143rd in the Forbes Ranking (2010). ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries‚ with approximately 145‚000 employees in
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The Hershey Food Corporation is a very successful and quality business. Many products are manufactured by this corporation. Most relating‚ but not limited to chocolate. The corporation plays a role in deciding where products are produced. Hershey’s has expanded to both Canada and Mexico‚ which calls for many corporate decisions. There are an amazing amount of products associated with Hershey. These include Jolly Ranchers‚ Hershey Kisses‚ Hershey drink mixes‚ the entire line of Reese’s products
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CORPORATION VS PARTNERSHIP 1. Creation CORPORATION Created by operation of law; PARTNERSHIP Created by agreement of the parties; 2. Numbers of incorporators CORPORATION Requires at least 5 incorporators; PARTNERSHIP Requires at least 2 partners; 3. Commencement of juridical personality CORPORATION Acquires juridical personality from the date of issuance of the certificate of incorporation by the Securities and Exchange Commission ;PARTNERSHIP Acquires juridical personality form the
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Tasha McIntyre Ray Go-Go Corporation Internal Controls Accounting Information Systems Brandman University As an external audit supervisor assigned to Go-Go Corporation it is my job to evaluate the effectiveness and accuracy of the company’s financial reporting process. To do this I have met with the key financial controlling personnel of the company along with reviewing the accounting policies‚ controls and operational system currently in place. This is similar to what the internal auditors
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CASE NO. 1: STIRLING HOMEX CORPORATION POINT OF VIEW: The Chief Financial Officer (CFO) of Stirling Homex Corporation (SHC) as he/she will be the one to be of best knowledge to analyze the financial statements of SHC. He/she will also have the authority to make decisions/recommendations and influence the CEO in making management decisions. CASE CONTEXT: In the late 1960’s the US Department of Housing and Urban Development (HUD) launched the Operation Breakthrough‚ a project that aimed to “revolutionize”
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