• Which Stakeholders Can Currently Be Considered to Be Part of the “the Company” for the Purpose of the Director's Duty to Act in the Best Interests of the Corporation?
    as a separate legal entity and dependent upon human beings to make decisions on their behalf. The person who makes or participates in making decisions that affect the whole or a substantial part of the company’s business can be defined as a director. The legal definition of director is stated under...
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  • Dessertation
    by road. Quality Ceramics Limited started banking with AG bank, model branch since 1995. Currently, the total liability of the company with AG bank, model branch is Tk. 1291 lacs. On 12-12-2005, the managing director of the Quality Ceramics Limited company submitted a proposal to Model branch of AG...
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  • AIBL
    Director Jb. M A Samad Sheikh, Additional Managing Director, Executive Vice Presidents, Company Secretary, Executives, Officers and large number of Shareholders were present on the occasion.  The house considered and adopted the Directors' Report, statement of accounts for the year 2007 along with...
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  • Corporate Law Note
    (stakeholder interests) - performance and conformance  Do particular corporate governance practices make companies more profitable? *5-660.p116-7  Corporate governance mechanisms – not just law o Director‟s and officer‟s legal duties o The structure of the board o Auditors o Institutional investors o...
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  • Company Law
    are not personally entitled to the benefits or liable for the burden arising. One of the greatest advantages of incorporation is the limited liability that the shareholders have to bear as to follow the principle of separate legal entity where the company acts are not the act of the shareholder and so...
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  • citations
    members: Robert C. Schweitzer Chairman of the Board Independent Director Financial Consultant Menderes Akdag Director, Chief Executive Officer and President of the Company Frank J. Formica Independent Director Legal Consultant Ronald J. Korn Independent Director President of Ronald...
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  • Holding Company Liability for Debts of Its Subsidiaries
    . Shadow Directors or Officers A holding company may also be responsible for the liabilities and obligations of its subsidiary because it is a ‘director’ or ‘executive officer’ of the subsidiary for the purposes of the CL. Only an individual can be appointed a director of a company59. However, a...
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  • Business Marketing
    , board members were accused of negligently allowing the CEO to plunder corporate funds. Corporations pay for insurance for board members (known as D&O insuranceAlso known as Directors and Officers Liability Insurance, insurance that protects board members and senior officers of corporations from...
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  • Directors: Qualification/Disqualification, Appointment, Duties and Liabilities of Directors. Also, Explain ‘Independent Directors’ and Their Responsibilities.
    Companies Act 1961. Therefore, references will be made to English and Australian cases for interpretation of the law on certain areas. In every company there are directors to manage and direct the company. A company’s directors and officers are responsible for managing the company’s business and...
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  • Company Act 1956
    commission, etc. in certain cases. 200 Prohibition of tax-fee payments. 201 Avoidance of provisions relieving liability of officers and auditors of company. 202 Undercharged insolvent not to manage companies. 203 Power to restrain fraudulent persons from managing companies. 204...
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  • Musilim
    or senior officers. If liability for the particular tort requires a state of mind, then to be liable, the director or senior officer must have that state of mind and it must be attributed to the company. In Meridian Global Funds Management Asia Limited v. Securities Commission [1995] 2 AC 500, two...
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  • Case Study
    connected by road. Quality Ceramics Limited started banking with AG bank, model branch since 2005. Currently, the total liability of the company with AG bank, model branch is $ 1291 million. On 12-12-2010, the managing director of the Quality Ceramics Limited company submitted a proposal to Model branch...
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  • Compliance Plan
    ) to establish evidence of ownership, should enforcement actions become necessary (www.mac.doc.gov/china, 2003). Legal form and Governance Shareholders, directors, and officers have different rights in managing a corporation. The shareholders elect the directors and vote on other important...
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  • Week 6
    liability of the directors and officers. Some examples of governance committees that could be implemented include ethics, legal and contract, labor relations, risk, export control, security, quality, technology, patents and intellectual property. These Governance Committees will provide an oversight and...
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  • Riordan Corporate Compliance Plan
    Defense is just one of Riordan’s major customers receiving automotive and aircraft parts. As an industry leader, Riordan must stay focused on being the best. To do this, Riordan has put together a Corporate Compliance Plan (CCP) that focuses on managing the legal liability of officers and directors...
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  • Company Law Essay - Cavendish University Law Lecturers Notes
    liable for the debts of the company but court held that the company and Solomon were two different persons and that the company as a legal person is liable for its own debts and Solomon a managing director could not be held personally responsible for the debts of the company. In the Ugandan case of...
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  • Business
    applications of the Sarbanes-Oxley Act. | | | | |Design plans for managing the legal liability of officers and directors. | | | |Readings...
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  • Riordan Compliance
    Riordan Manufacturing Corporate Compliance Plan As officers and directors of Riordan Manufacturing one of your core responsibilities is to identify and mitigate risks to our organization. Enterprise Risk Management (ERM) is an important concept that will guide you in identifying and managing...
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  • What Is Acorporation
    registration. In addition to legal personality, registered corporations tend to have limited liability, be owned by shareholders[2][3] who can transfer their shares to others, and controlled by a board of directors who are normally elected or appointed by the shareholders. OWNERSHIP AND CONTROL A...
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  • academic writing - law485
    officers” or “agents” of a company and have the capacity to enter into contracts on behalf of the company, subject to limitations on their authority to do so as imposed either by law, the company’s articles of association or other legal instruments. Therefore, there are three main duties of director; (a...
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