I partially agree with the statement that managers have a severely limited amount of discretion to pursue actions inconsistent with shareholder wealth maximization. By investing in a company‚ shareholders aim to maximize their wealth and achieve portfolio diversification. The objective of managers is assumed to be to further these interests by maximizing the firm’s share value. This can be achieved by taking on projects with positive NPV and good management of short-term capital and long-term
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strong code of morality‚ which for an occupation such as banking‚ plays an important role in the well being of individuals‚ businesses‚ national and international economies. Unethical conduct manifests itself in various ways‚ including insider abuse‚ fraudulent dealings; irregularity/inaccuracy in rendition of reports‚ these are problems bordering on business ethics as evident in the Nigerian banking crisis. A multiple regression analysis was used and from the summary of the finding‚ we can infer that
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1. The South African Legal System Law is a social science. South African Law is not codified: recorded in one comprehensive piece of legislation. Origin: Indigenous legal systems applied at the southernmost tip of Africa before 1652. Jan van Riebeeck arrives in Cape Town in 1652 and the adoption of Roman-Dutch law as a legal system to the Cape. 1.1 A SHORT HISTORY OF THE LAW Unlike most European continental legal systems‚ SA law is not codified: It is drawn from various authoritative sources Such
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The Contract Law Bible Hey Guys. I worked really hard on this on the run up to the June exam last year. I found it really useful and so did the people in my class. Please feel free to pass this on to your friends who are studying contract law‚ but please don’t pass it off as your own‚ or make any money from the reproduction of this. Thanks =) Lucy Rimington © Offer and Acceptance Offer - A proposal to enter into an agreement with another person. An offer must express the intent of the person
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The HealthSouth Debacle: A Legal and Ethical Perspective Jay Buntemeyer Regis University Abstract HealthSouth Corporation is the largest operator of rehabilitation hospitals in the United States. Since the company’s inception in 1984‚ HealthSouth has garnered the attention of Wall Street and millions of investors. However‚ the attention was because the iconic HealthSouth was involved in one of the largest accounting fraud scandals in United States history. HealthSouth’s founder and CEO‚ Richard
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TABLE OF CONTENTS Title page Certification Dedication Acknowledgement Table of content Abstract CHAPTER ONE 1. Background of the Study 2. Statement of Problem 3. Research Objectives 4. Significance of Study 5. Scope and Limitation of the Study CHAPTER TWO: LITERATURE REVIEW 1. Introduction 2. Types of Bank Frauds 3. Causes of Fraud 4. Effects of Fraud on Banks 5. Internal Audit function 6. Fraud and Internal Audit 7. Fraud Prevention 1. General Measures 2
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this until it is revoked. Do not let any limited representation affect the competence of your representation Lawyer cannot continue assisting a client in conduct that the lawyer originally supposed was legal and then discovers to be criminal or fraudulent. Rule 1.3 - Diligence Act with reasonable diligence and promptness in representation Comments Act with zeal in advocacy on the client’s behalf – but you are not bound to press for every advantage that might be realized Control your
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TITLE II CONTRACTS (Arts. 1305-1422‚ Civil Code) I. GENERAL PROVISIONS A contract is a meeting of minds between two persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service. (1305) Classification of Contracts 1. As to perfection a. Consensual b. Real c. Formal/solemn 2. As to cause a. Onerous b. Gratuitous c. Remunerative 3. As to importance or dependence of one upon another a. Principal b. Accessory c. Preparatory
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company was justified in relying on the misrepresentation made by the insurance applicant in their application for insurance that their forty-eight-room lodging house in Worcester‚ MASS was protected by sprinklers‚ despite an earlier report in the insurer’s file indicating the absence of sprinklers. Rule of Law: The Massachusetts General Laws Chapter 175‚ §186 (Mass. Gen. Laws ch. 175‚ §186) states in relevant part: No oral or written misrepresentation or warranty made in the negotiation
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Question 1 How can graphics and/or statistics be used to misrepresent data? Where have you seen this done? Answer: It is a well known fact that statistics can be misleading. They are often used to prove a point and an easily be twisted in favor of that point. Statistics‚ graphics and database are used in medical field to approve‚ prove or disapprove theories‚ analysis and interpretation of ailments‚ medications and its impact and treatment and its effectiveness. As noted by Nursing Research (2011)/
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