Question 1 (1) The maintenance of share capital principle is share capital. Share capital is the contribution made by shareholder by subscribing shares of the company. A company’s creditors can only look to the share capital for payment in the event of a winding up. A general rule known as the rule in Trevor v Whitworth was established in order to protect shareholders and creditors. It prohibits a company from reducing its share capital due to a reduction in capital would prejudice the rights of
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320–337 Women Directors on Corporate Boards: A Review and Research Agenda Siri Terjesen*‚ Ruth Sealy and Val Singh ABSTRACT Manuscript Type: Review Research Question/Issue: This review examines how gender diversity on corporate boards influences corporate governance outcomes that in turn impact performance. We describe extant research on theoretical perspectives‚ characteristics‚ and impact of women on corporate boards (WOCB) at micro‚ meso‚ and macro levels: individual‚ board‚ firm‚ and industry/
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Therefore‚ religiosity or culture has been proven to have a significant influence in the way headquartes control its subsidiaries. 2.2 Parent Country’s Religiosity and Subsidiary’s Supervisory Board The role of supervisory board within corporation is first observed by Adam Smith in 1776 ( p.700) : “The directors of [joint stock] companies‚ however‚ being the managers rather of other people’s money than of their own‚ it cannot well be expected‚ that they should watch over it with the same anxious vigilance
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of this journal is available at www.emeraldinsight.com/1755-4195.htm Independent directors: time to introspect‚ suspect‚ respect – an Indian perspective Rashmi Aggarwal IMT Ghaziabad‚ Ghaziabad‚ India Abstract Purpose – The purpose of this paper is to understand the culpability of independent directors (IDs) in a public listed company under clause 49 of the listing agreement of the Securities Exchange Board of India‚ which‚ primarily‚ is the corporate governance mandate in India. Design/methodology/approach
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Importance of Corporate Governance………………………………….. 4 1.4 Objective…………………………………………………………………… 5 1. DIRECTORS & CORPORATE GOVERNANCE in INDIA……………….. 6 2.5 Need for Directors- Who is a Director…………………………………... 7 2.6 Statutory Definition of Director…………………………………………… 7 2.7 Clause 49 of listing agreement by SEBI………………………………… 7 2.8 Role of Independent Director…………………………………………….. 8 2.9 Current Scenario in India…………………………………………………..11 2. A case Study: SATYAM
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that can not be easily controlled. Managerial compensation should be in line with the performance of the management to overcome problems due to lack of mutual interest between shareholders and management. Exessive payment that are being paid to directors should be regulated and should be wholly determined by firm performance. Remuneration Remuneration mechanism can provide incentives to managers when it is used effectively. Indeed‚ remuneration has to be well determined according to performance
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1 A REPORT ON BOARD SIZE‚ INDEPENDENT DIRECTORS AND PERFORMANCE OF SHAHJALAL ISLAMI BANK LIMITED‚ FOREIGN EXCHANGE BRANCH By Shahana Khanom ID: 0820035 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration Independent University‚ Bangladesh April 29‚ 2012 2 A REPORT ON BOARD SIZE‚ INDEPENDENT DIRECTORS AND PERFORMANCE OF SHAHJALAL ISLAMI BANK LIMITED‚ FOREIGN EXCHANGE BRANCH By Shahana Khanom ID: 0820035
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42 49 49 51 109 112 115 Group Financial Highlights Chairman’s Statement Operations Review Corporate Structure Financial Calendar Corporate Data Profile of Board of Directors Statement on Corporate Governance Statement on Internal Control Audit Committee Report Corporate Social Responsibility Additional Compliance Information Statement on Directors’ Responsibility Financial Statements Group Properties Shareholding Statistics Notice of Annual General Meeting Form of Proxy 2 –– SHANGRI-LA HOTELS (MALAYSIA)
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human being. The so-called legal entity may therefore sue and be sued: Salomon’s case. But because of the abstract nature of a company as a ‘person’ it becomes necessary that human agents (directors) be put in place to see to the effective running of the corporation. However‚ the directors are not required to be lawyers nor know anything about company law. In the same regard‚ the promoters (possibly also the owners) of the company need not be lawyers or know anything abut company law
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Title: Corporate Governance Assignment topic Option 1 Conduct a review of the governance of your organisation (or one with which you are familiar) in the form of a report to the Chairman (or President) of the Governing Board of Directors. In the brief report use the concepts‚ tools and techniques learned in this subject to review the structure‚ process and effectiveness of the governance of the organisation and make recommendations for appropriate improvements. Executive summary This report
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