entitled to elect 25% of the directors. There were 3 million shares of Common Stock outstanding‚ each with one vote‚ and the holders of Common Stock were entitled to elect the remaining 75% of Benihana’s directors. BOT owned 50.9% of all Common Stock and 2% of Class A Common Stock. It was determined that the restaurants in the chain were in need of significant renovation and that the plan would cost $56 million or more. Fred Joseph‚ of Morgan Joseph‚ met with the board of directors and recommended that Benihana
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Institutional Investors and Corporate Governance Corporate Governance at Burberry Group Submitted to Dr. KAROL KLIMCZAK Date: 18.11.2013 Academic Year 2013/2014 © Kozminski University 2013 TABLE OF CONTENT 1.Introduction 3 2.Burberry Group Overview 3 3.Corporate Governance at Burberry 3 4.Risk Management 6 5.Problems and Recommendations 7 6.Conclusion 8 7.References 9 1. Introduction The company chosen for this assignment is Burberry that has a reasonable
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Chapter Two: Organizational Profile 2.1. Organization Overview Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving the socio-economic development of the country. The philosophy of Mercantile Bank Ltd is not to ‘carry coal to the new castle’. The main target is to make credits available to the poor people and their activities are aimed at comprehensive growth where people from all economic
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The Olympus Scandal and Corporate Governance Reform: Can Japan Find a Middle Ground between the Board Monitoring Model and Management Model? Bruce E. Aronson∗ I. Introduction II. The Olympus Scandal and Corporate Governance Issues III. Towards a Mixed Model? Considering Effective Monitoring of Management under the Japanese Corporate Governance System IV. Conclusion I. INTRODUCTION Japan has been in a corporate governance dilemma for the past 15 years. The country has
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interest possessed by a director‚ officer‚ or controlling shareholder o i) Self-Dealing: Any time a corporation is in a transaction where a director‚ officer‚ or majority shareholder is on the other side‚ and the corporation is exchanging too much for what it is receiving; such a transaction is not invalid unless unfair to the corporation at the time of the transaction (Tomaino) o ii) Usurpation of Corporate Opportunity: When a director or officer takes a business
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would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment? Why or why not? Enron’s directors did not understand how profits were being made in this segment because they were kept out of the loop of everything until all the issues became public. 3. Ken Lay was the chair of the board and the CEO for much of the time. How did this probably contribute to the lack of proper governance
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CONTENTS Corporate Information Chairman’s Statement Corporate Governance Statement Directors’ Report Auditor’s Independence Declaration Financial Report for the year ended 30 June 2011 Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Financial Statements Directors’ Declaration Independent Auditor’s Report ASX Additional Information PAGE 2
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ACCOMPANYING NOTICE OF ANNUAL GENERAL MEETING 11 GROUP STRUCTURE 12 FINANCIAL HIGHLIGHTS 13 CORPORATE INFORMATION 14 STATEMENT ON CORPORATE GOVERNANCE 15 DIRECTORS’ RESPONSIBILITY STATEMENT 24 AUDIT COMMITTEE’S REPORT 25 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 33 DIRECTORS’ PROFILE 36 CHAIRMAN’S STATEMENT 38 FINANCIAL STATEMENTS 40 ANALYSIS OF SHAREHOLDINGS 109 LIST OF PROPERTIES 112 OXY FORM OF PROXY 115 114
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TASK: TERM PAPER TOPIC: CORPORATE GOVERNANCE AND ETHICS Table of contents Introduction………………………………………………………………………………………3 Framework for understanding ethical decision making……………………………………………………………..5 Understanding the views of corporate governance…………………………………………………………….…...15 Corporate governance as a dimension of ethical decision making……………………………………….………...23 Corporate
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Case 1: Atlas Eléctrica Atlas Eléctrica (Atlas) was founded in a small shack in 1961 and‚ by 1976‚ grew to be the first listed company to issue shares on Costa Rica’s stock exchange‚ the BolsaNacional de Valores (BNV). The founders of the company knew that this new listing opportunity would allow them to fund and help sustain Atlas’s growth potential. This still holds true today. Market capitalization of Atlas at the end of September 2005 was US$ 17.2 million down 11.8% from US$ 19.5 million as
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