What is the difference between Derivative action and Statutory derivative action? Top of Form Firstly‚ Derviative action is the exception of Foss v Harbottle. It is also called the Common Law dericvative action. To fulfill this action‚ there are 2 components. The first one is the "fraud of monority" which is the abuse of controlling power. It means that the directors or the majority secure a benefit at the expense of the company. The abuse of power results in the personal gain. The second component
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Nowadays‚ McDonald’s brand has more than 31‚000 fast-food restaurant‚ located in 121 countries and regions. McDonald’s restaurant industry has become the world’s most valuable brands. However‚ McDonald’s face a big problem about business sales in Hong Kong. First of all‚ people are increasingly aware of fast foods harm human health‚ resulting in a decline in sales of McDonald’s fast food. Most people think that McDonald’s is a restaurant that sells primarily unhealthy junk food like hamburgers‚
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Hong Kong International Airport (HKIA) is the main airport in Hong Kong; it is an important regional trans-shipment centre‚ passenger hub and gateway between the Mainland China and the rest of Asia. And HKIA is the primary hub for several domestic airlines‚ such as Cathay Pacific Airways‚ Dragonair‚ Hong Kong Express Airways‚ etc. Review the history‚ HKIA has won seven Skytrax World Airport Awards for customer satisfaction in just ten years (Skytrax‚ 2010)‚ the second busiest airport in the world
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Corporate Governance in Hong Kong 1. Corporate Governance in Hong Kong Hong Kong’s position as an international economic and financial center is attributed to its exemplary corporate governance. With Hong Kong’s various authorities and regulatory bodies emphasizing on transparency and accountability for listed companies‚ Hong Kong was ranked first for corporate governance among 11 Asian countries in 2007. (Refer to Appendix 1) The Stock Exchange of Hong Kong (SEHK) describes corporate
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Introduction Due to the practical part of my studies I travelled to Hong Kong to complete a six month traineeship at a private school. Besides the food and cultural difference I noticed that the people were aware of the fact that their live was dramatically different compared to the life of the rest of Chinas population. Especially the term “One country‚ two system “points out Hong Kong´s special political situation in connection to China. The term was originally used to describe a constitutional
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publication "Legal System in Hong Kong" printed in 2008 Preface The first edition of this booklet was published in 1991. Its stated aim was to help the public understand how our legal system works. It stressed the importance of the rule of law to Hong Kong’s past success and future promise and emphasised the role that an informed public could play in ensuring the continued vitality of the legal system. 2007 marked the tenth anniversary of the establishment of the Hong Kong Special Administrative
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The right to privacy in Hong Kong The definition of privacy refers to one’s freedom of thought and expression‚ the right of private property and also protects their personal information. According to the article of the right to privacy (1890) written by Warren and Brandeis‚ privacy is the right to be let alone and believe it is the right inviolate of personality. Therefore‚ there are some ordinances in Hong Kong’s common law and the Hong Kong bill of right are used to protect the citizen’s right
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applications is the formulation of the Legislative Council (LegCo). Another assumption is that the major development in Hong Kong is the economic development. Hong Kong is reputed to be a worldwide international financial centre and ranked the first in the world of being the freest economy. So‚ Hong Kong relies much on the economic development. In addition‚ the party system in Hong Kong is multiparty that considered as a coalition government.2 What is political party? The political party is made
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Challenges Hong Kong Faced from Shanghai as an International Financial Centre 09815346D YUE Pujue (Betty) The day that Shanghai’s financial system is protected behind the thick walls of a closed account has gone away. When China’s State Council revealed the plan to develop Shanghai into a multi-functional international financial centre by 2020 in the late March 2009‚ Shanghai rapidly responded to the call by increasing its financial industry output value as a share of
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Ref. No.: HRM0066 Grooming Next-Generation Leaders: The Infosys Way “A true leader is one who leads by example and sacrifices more than anyone else‚ in his or her pursuit of excellence. It is our vision at Infosys‚ to create world class leaders who will be at the forefront of business and technology in today’s competitive marketplace. The Infosys’ Leadership Institute has been conceptualised to instill in our employees creativity to bring new ideas to fruition‚ make transition to new paradigms
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