How far would you go to raise needed funds? Would you kiss a pig? Organize a game of cow chip bingo? Paint Pepsi on your school roof? As school budgets seem to buy less and less of what educators and parents believe students need‚ money from fund-raising is becoming more and more important. Some school districts are discovering -- or creating -- new ways to raise money. Whether it is selling candy and wrapping paper or such items as T-shirts‚ candles‚ pizza kits‚ posters‚ cookies‚ collectibles
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5. Director’s Duties Director’s Duties are part of the idea of risk management; because they take risks all the time‚ they require a certain element of regulation. The law must provide a way of mitigating against the risk‚ so creditors and shareholders can have potential recourse. This is all done indirectly; the company will recover in the event of a breach of duty arising. If the company recovers and suffers no harm‚ then that protects shareholders and makes sure their investments are secure.
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Statutory duties Main statutory duties of a director are provided by s.132 • Where a director breaches common law duties‚ these statutory provisions impose criminal liabilities. • S.132(1) is a general provision that requires directors to act ‘honestly’ at all times and use reasonable diligence in the exercise of their powers. Any breach of fiduciary duty • Duty imposed on directors to avoid conflict of interest by not using confidential information they obtain by virtue of their position
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candidate’s employment information is given to help determine the merit raise decision. Before the decision can finalize‚ research and analysis will be conducted. A case solution will include the implementation of management approval‚ budget recommendations‚ communication and essential steps of the new policy to the university‚ and fair distribution of merit raise. Keywords: merit raise‚ human resources‚ performance evaluation‚ merit raise procedures Introduction Small State University has
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ammunition and weapons are inputs that are manipulated and useful for the purpose for which they are designed‚ in many ways‚ human capital is also. (Covey‚ 1989) Just like a machine that doesn’t require thought‚ just a power and fuel source to run‚ so does this type of organization. This often results in an industrial‚ assembly line-like production of military personnel‚ identifiable only by the rank designated on their uniform. However‚ those organizations that operate as organisms‚ run as living
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❖ S 9: “Officer” includes directors‚ secretaries‚ receivers‚ administrators‚ liquidators‚ administrating trustees. ❖ S 9: “Director” includes shadow & de facto directors. enforcement of directors’ duties enforcement of statutory duties Civil penalties Who may apply for a Declaration or Order? ❖ S 1317J(1): ASIC may apply for a declaration of contravention‚ a pecuniary penalty order or a compensation order. ❖ S 1317J(2): The company may apply for a compensation order. ❖
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Bezirdjian v. O’Reilly In Bezirdjian v. O’Reilly‚ the plaintiff (Bezirdjian) files a shareholder derivative complaint on behalf of Chevron Corporation citing that current and certain former member of Board of Directors (BOD) breached fiduciary duties‚ grossly managed the corporation‚ were involved in constructive fraud‚ and wasted corporate assets “in connection with illicit payments Chevron allegedly made to Saddam Hussein in exchange for Iraqi oil from 2000 to 2003.” Bezirdjian has a legal
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Q 1.) What should you do in response to Eric’s request for “light duty”? Would you grant his request? Why/ Why not? Please be specific about the factors you would consider and the potential solutions. The first step in considering if Eric is entitled to a light duty accommodation would be to understand if he is covered under the American Disability Act. To ascertain his eligibility‚ it is essential to consider if Eric is disabled under ADA and if he can perform all the essential job functions of
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available‚ there are two issues to be discussed. The first issue is what have Don breached his directors’ duties under the act in good faith and best interest of the company as well as disclosure personal interest. The second issue is possible remedies for Bryan while he has been conducted unfair and oppressive. ISSUE 1: WHAT HAS DON BREACHED? Fiduciary duties to disclose personal interests Directors are under both fiduciary and statutory duties to avoid conflicts between their personal interests and the
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Upon reading the case study on allocating the merit raises among the professors at Small State University‚ I have decided to use the attribute approach. The attribute approach is defined by Human Resource Management: Gaining a Competitive Advantage as: “ Focusing on the extent to which individuals have certain attributes (characteristics or traits) believed desirable for the company’s success. The techniques that use this approach define a set of traits-such as initiative‚ leadership‚ and competitiveness-
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