“The Board of directors should be strengthened by appointing independent directors.” Efficient Corporate Governance has emerged to be an integral part of running a business in today’s scenario; hence it becomes pertinent to understand the nitty-gritties of the role played by the directors of a company to ensure the same. Over the course of time‚ and among important developments in corporate governance and company law reform corresponding to the same‚ have felt the need for independent directors owing
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Nature of Board Level decisions and the contribution of the finance director The performance of any organization‚ may it be for profit or not for profit‚ heavily depends on the decisions that are made by the management of the organization. It is worth noting that decisions made in the organization differ greatly‚ depending on the position of those involved in making those decisions. The board is one body that plays a crucial role in determining the future of an organization‚ based on the nature
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PressReleasePing Xooker Announces Election of Jonathan Emery to its Board of Directors Xooker‚ LLC‚ a mobile-first‚ consumer-to-merchant engagement platform that rewards users for having fun with the brands they love‚ announces the election of Jonathan Emery to its Board of Directors. Lexington‚ KY‚ September 14‚ 2015 /PressReleasePing/ - Mr. Emery currently serves as the Chair of the Firm’s Corporate and M&A practice at Bressler‚ Amery‚ & Ross‚ P.C.. He is an expert on all legal and business aspects
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possible advantages and disadvantages facing a board of directors composed of insiders? (b) What are the possible advantages and disadvantages facing a board of directors composed of outsiders? The board of directors plays a vital part in the domination of any company whether it is a family business or otherwise. For every company or organization the board of directors is different in terms of its composition‚ roles and responsibilities of the directors and its structure. The composition is normally
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Directors The directors of an organization are the persons who are members of its board. Several specific terms categorize directors by the presence or absence of their other relationships to the organization.[6] An inside director is a director who is also an employee‚ officer‚ major shareholder‚ or someone similarly connected to the organization. Inside directors represent the interests of the entity’s stakeholders‚ and often have special knowledge of its inner workings‚ its financial or market
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Hampton Park Pty Ltd (HP) Synopsis. In the case study of Hampton Park Pty Ltd (HP) has four directors; William (Managing Director); Susan‚ Jack and Gail (Non-executive directors). As HP’s financial position begins to deteriorate‚ George‚ the Chief Financial Officer of the company advises the accounts still show a profit and the company would have a solid base to pay out a dividend to its members. In July 2010cHP’s financial state worsens however George declares a technical profit and advises HP
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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 interests of the company. The director is to declare the “nature
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GUIDELINES FOR DIRECTORS’ REMUNERATION The board of directors has both executive and non executive directors. Executive directors have both executive and board duties to perform while non executive directors have only board responsibilities. Therefore both types of directors vary in the responsibilities and authority they have in the company affairs. Thus the non executive directors devote very little time to company affairs ( only attend board meetings‚ committee meetings of which they are
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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 pool for recovery and the shareholders do not count the loss directly. The person who takes the case for a
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Removal director Summary On July 23‚ 2011‚ Damon Kitney from the Australian news wrote an article titled‚ “The shareholders strike back” which stated how Rupert Murdoch‚ CEO and chairman combined of the News Corporation‚ and his firm’s executives‚ including Mr. Murdoch’s son James‚ are being investigated for any suspected role in covering up the scope of “industrial scale” phone hacking. Murdoch’s negligent affair has raised many criticisms from experts‚ lawyers as well as independent management
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