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. It also protects the creditors‚ who are more likely to get paid. The Directors owe their duties to the legal entity- the company. This is intended as a protective requirement for both shareholders and creditors. When the director pays back or compensates the company‚ the creditors have a
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What is command responsibility or superior responsibility? It is the doctrine of hierarchical accountability in cases of war crimes. It is also called the Yamashita principle. [Yamashita was the Commanding General of 14th Army Group between 9 Oct 44 - 2 Sep 45 and Military Governor of Philippines. He assumed post 11 days before the allied forces took control of Philippines. Under his command‚ his troops committed acts of violence‚ cruelty and homicide inflicted on the civilian population resulting
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There are few types of directors a company may have. Managing director or chief executive officer is appointed in many companies. He is put in charge of managing the company’s daily business. A managing director may be conferred with any of the powers that the directors can exercise. He also performs a vital role in large companies because of the scale of the company’s business it is usually impractical for the board to actively carry out daily management and so it delegates its management function
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Paris. Within 2 years‚ he registered his own company as “La Societe Franeaise des Teintures inoffensives pour Cheveux”‚ which soon became L’Oreal. In 1920‚ the company employed 3 chemists in the laboratory. At the end of the year‚ there were 40000 hair salons in France and L’Oreal new products which are O ’Cap‚ Imédia Liquide‚ and Coloral gained the most market share. In 1928‚ L’Oreal developed its diversification strategy by purchasing the soap company Monsavon. L’Oreal started its business with
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INTRODUCTION Shareholders and members of the company always own the number of remedies to against the wrong in process of managing company. It can be seen that in the different situations will be applied different remedies for each members and officers of the company. On the facts 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
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After referring to Chapter 3 of Information Security for Non-Technical Managers‚ discuss the three main areas of accountability regarding information security. When discussing each area‚ provide an example from outside the textbook. STUDENT X UNIVERSITY OF THE PEOPLE According to Gelbstein (2013)‚ the three main areas of accountability regarding information security are Enterprise security‚ Information security and Information Technology security. This paper will define and discuss these
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WHAT DO MANAGERS DO? A CRITICAL REVIEW OF THE EVIDENCE COLIN P. HALES Department of Management Studies for Tourism and Hotel Industries‚ University of Surrey INTRODUCTION IN this article‚ I consider the extent to which the question ’What do managers do? ’ has been satisfactorily answered by published empirical studies of mana- gerial work and behaviour. Two aspects of this enterprise require justification: the pertinence of the question posed and the need
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Childcare Center Director Patricia A. Brooks Everest University Childcare Center Director Do you enjoy working with children? Is a question that I like to think of when it comes to working in the field dealing with the responsibilities of taking care of children. Today‚ there are more needs for children to be taking care of and learning about why it is so important to have a good education. I can remember when I was about ten or eleven years
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This summary will focus into IDEO’s five-stage framework for designing and piloting radical innovation service. The summary will also explain augmented service offering model. Today‚ the marketplace is constantly evolving. Innovation is the name of the game. There is a constant need for organisations to keep on innovating but rarely do you see any innovative new service in the marketplace. Why are these innovations rare? Lack of ideas isn’t a problem cause they are in abundance. The main problem
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Sir‚ Ma’am‚ Thank you for the opportunity to serve as your safety director. Your company has an impeccable record‚ over the past 25 years‚ however one of Safety Management Systems top five safety principles states “Familiarity and prolonged exposure without a mishaps leads to a loss of appreciation of risk” this in itself leads to complacency and can lead to mishaps. My job is to make sure our company has another 25 years without an incident and that we continue on this streak by streamlining some
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