trustee may be removed from office by a vote of stockholders holding or representing at least two-thirds (2/3) of the outstanding capital stock or if the corporation be a non-stock corporation‚ by a vote of at least two-thirds (2/3) of the members entitled to vote. “ Section 32. Dealings of directors‚ trustees or officers with the corporation. – “Where any of the first two conditions set forth in the preceding paragraph is absent‚ in the case of a director o trustee‚ such contract may be ratified
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Ocfe 2A ATENEO DE MANILA LAW SCHOOL OUTLINE ON PHILIPPINE CORPORATE 2ND SEMESTER‚ SY 2004-2005 I. HISTORICAL BACKGROUND 1. Philippine Corporate Law:2 Sort of Codification of American Corporate Law Under American sovereignty‚ attention was drawn to the fact that there was no entity in Spanish law exactly corresponding to the notion "corporation" in English and American law; the Philippine Commission enacted the Corporation Law (Act No. 1459)‚ to introduce the American corporation into the Philippines
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COMPANY LAW AND BUSINESS ASSOCIATIONS Shares are securities which companies issue to members of the pubic in order to raise money to finance their operations. Shares are securities because they represent the financial interest which a person has in the share capital of the company. So long as the company is still in business‚ the financial interest (shares) of a shareholder is protected by law and cannot be taken away except by lawful means such as by court order or by nationalization provided
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theAnswer | | | | | Selected Answer: | prospect of their future employment. | Correct Answer: | prospect of their future employment. | | | | | * Question 2 5 out of 5 points | | | Brice is on the board of Success Corporation. Eager Corporation has made a move to acquire Success. Tina‚ the president of Success advises the board that the offer made by Eager is a good one that should be accepted. She did not disclose‚ however‚ that Eager had offered her a generous bonus if she
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cutter machine at $300‚000? LAW: Law 1: Section 9 CA – Definition of an officer Law 2: Section 181 CA – Good faith ASIC V Adler – Failure to act in good faith and best interests of the company Law 3: Section 183 CA – Use of information ASIC v Vidler – Improperly using information gained from the position of Director Law 4: Section 182 CA – Use of position ASIC v Adler – Improperly using his position as a director Law 5: Section 1043A CA – Insider Trading Law 6: Section 588G CA – Insolvent
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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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overConclusionbibliography | | Introduction A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation that is registered in more than one country or that has operations in more than one country. It is a large corporation which both produces and sells goods or services in various countries. It can also be referred to as an international corporation. They play an important role in globalization. The first multinational corporation was the Dutch East India Company‚ founded March 20
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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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Lion Corporation BHD 1. Introduction Vision: To be among the top 10% lowest cost steel producers in the world Mission: We are committed to make Lion Corporation a caring organisation and be recognised for excellence in quality‚ growth and profitability. Objective: Reposition the Company steel division back to profitable industry within 5 years Corporate governance statement The Board of Directors (“Board”) recognizes the importance of practicing and maintaining
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(a) “Nemawashi” is an agricultural metaphor. The idea is that before a farmer plants a seed‚ he should prepare the roots and the soil‚ so that the seed has the best chance of survival. It is a political process by which an unofficial understanding is reached before a final decision is made on a particular matter. “Nemawashi” is Bottom-up style decision making (middle management has the greatest influence on decision making). The Japanese are primarily concerned with harmoniously working out problems
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