stockholders by taking actions that increase the value of the stock. However‚ in large corporations ownership can be spread over a huge number of stockholders. This dispersion of ownership arguably means that management effectively controls the firm. In this case‚ will management necessarily act in the best interests of the stockholders? Put another way‚ might not management pursue its own goals at the stockholders’ expense? In the following pages‚ we briefly consider some of the arguments relating to this
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2008‚ CITIC Group injected assets into CITIC Pacific through issuance of convertible bond and increased its equity interest in CITIC Pacific to approximately 57.56%. Rong Zhijian‚ former Chairman of the board of CITIC Pacific‚ resigned in April 2009. The 2008 foreign exchange losses controversy terminated the history of CITIC Pacific as an SOE operated by Rong’s family as individuals. During the past twenty years‚ Rong has operated CITIC Pacific to be an independent kingdom. However‚ for CITIC Group
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violation of individual privacy more difficult. Answer: FALSE Diff: 1 Page Ref: 126 AACSB: Use of information technology CASE: Content Objective: 4.1 2) Professionals take on special rights and obligations because of their special claims to knowledge‚ wisdom‚ and respect. Answer: TRUE Diff: 1 Page Ref: 130-131 AACSB: Ethical understanding and reasoning abilities CASE: Content Objective: 4.2 3) Privacy is the right to be left alone when you want to be‚ without surveillance or interference
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NAMES Elisha Masakadza (Syndicate Leader) Frank Munyanduki Kingsley Zimbudzana M Jeremiah M Chivasa Mbairo Dhliwayo Simba Mwaingeni LABOUR CASE BACKGROUND * International Org (Eastern Parts) had fired employees 12mnth ago. * Case has been in the Labour Courts for 6 months * The Org lost the case because of failure to follow the proper labour procedures. * NEC gave 2 options a. Re-instate and backdate salaries 12 mnths since dismissal b. Pay substantial damages
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“EXPLORE UNSEEN WORLD” 1.0 Purpose of the project The purpose of this project is to appeal a consideration and permission from Yang Berusaha Prof. Madya Dr. Mohd Amy Azhar Bin Haji Mohd Harif‚ the Director of the Department of Student Affairs and Alumni to implement a project entitled “EXPLORE UNSEEN WORLD” which is held by the Comittee of Leadership and Student Development of TM’s Student Residential Hall. 2.0 Project Background The project is held by the comittee of Block A together with
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Larry Yung‚ Chairman of Citic Pacific Limited‚ has a decision to make. He must decide if he should invest in property and build the “Citic Tower II”. Under the current conditions‚ the current net present value is negative‚ which is one of the factors that Larry is using to decide. Another concern is that the commercial real estate market is very cyclical in the area. Also‚ with the current economic conditions‚ there is not really a guarantee that the “Citic Tower II” will survive in the area‚ which
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CITIC TOWER II: THE REAL OPTION CASE STUDY SUMMARY Scenario * Undeveloped prime waterfront property on Victoria Harbor was bought 6 months ago at public auction * Owner now wants to sell the land and is available to Citic Pacific Limited on a first-choice basis through an intermediary * Larry Yung (Chairman) thought they could acquire the site and turn it into another Grade-A office building “Citic Tower II” * Asking price of the land was $1 billion * Net present value of property
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it consists of three main bodies: The shareholders general meeting as the highest authority which appoints the board of directors (executive) which in turn is being inspected by the supervisory board. More detailed information concerning the corporate governance and the organizational structure will be given in Chapter 2. 1.1. History The gigantic China Petrochemical Corporation Group (Sinopec Group) has been established in 1998 based on the former China Petrochemical Corporation. The Group is completely
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Introduction 4 Evolution of Corporate Governance in United States 4 A Case Study - Tesco PLC Company 5 Agency Theory 7 Stakeholder Theory 8 Corporate Governance issues in Tesco Company 8 Conclusion 9 References 11 Abstract Corporate governance is an essential part of every organisation and is defined as a set of rules‚ techniques and practices by which a company is coordinated and controlled according to aims and goals of the Organisation. Corporate governance basically includes adjusting
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Introduction: A discussion on corporate regulation and governance is of great importance in today’s economic world. A number of high profile collapses such as HIH‚ One Tel‚ Harris Scarfe‚ Ansett‚ focuses ones attention on governance issues. Nevertheless‚ corporate governance is not a static thing and even if basic structures remain the same‚ policies and procedures surrounding those structures should constantly be reviewed to ensure that the structure is working properly. Globalisation yields challenges
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