Task 1 1.1 What it means to have a duty of care in your work rol? Duty of care can be defined as "an obligation‚ recognised by law‚ to avoid conduct fraught with unreasonable risk of danger to others". Every teacher and school authority owes a duty of care to take reasonable care to ensure that their acts or omissions do not cause reasonably foreseeable injury to their pupils. („The Law Handbook”.) A duty of care is a legal obligation imposed on an individual requiring that they adhere to a standard
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❖ S 9: “Officer” includes directors‚ secretaries‚ receivers‚ administrators‚ liquidators‚ administrating trustees. ❖ S 9: “Director” includes shadow & de facto directors. enforcement of directors’ duties enforcement of statutory duties Civil penalties Who may apply for a Declaration or Order? ❖ S 1317J(1): ASIC may apply for a declaration of contravention‚ a pecuniary penalty order or a compensation order. ❖ S 1317J(2): The company may apply for a compensation order. ❖
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Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing
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Duty of care and mandatory reporting are two areas in child protection and juvenile justice that must be considered when working with young people as they could be your legal obligation. What is duty of care? Who do you owe duty of care too? What is mandatory reporting? When should you report a situation? Duty of care is giving reasonable care to individuals you work with‚ co-workers‚ and the general public to protect them from risks of harm that could happen. The measure of reasonable care depends
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Duty of Care Duty of care refers to the obligations and responsibilities that people in authority have for those in their charge. Whether a duty of care is owed depends in part on the position of the person in authority‚ particularly his or her status as an expert with superior knowledge. Proof that a duty of care has been breached generally leads to a court awarding damages to the injured party to compensate for financial loss. Duty of care in child care Obviously people who work in child
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Duty of Care 1.1 The term duty of care refers to the duties and responsibilities that someone in charge and authority has to those they are caring for. In the area of childcare and early years‚ teachers‚ nursery workers and other care workers have a duty of care to the children they are looking after and are responsible for. There is a general definition for duty of care as well as different definitions in greater detail. For example moral and legal duties of care. Legal duty of care is where
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dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever
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The Custom Duty in India is one of the most important tariffs. The custom duty in India is regulated by the Customs Act of 1962. The main purpose of the custom duty in India is the prevention of the illegal export and import of goods. The rates of the custom duty levied on the imported and exported goods are assigned in the Custom Act‚ 1962. The Acts under the custom duty in India: * Foreign Trade (Exemption from application of Rules in certain cases) Order‚ 1993 * Customs Act‚ 1962
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In tort law‚ a duty of care is a legal obligation which is imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others. It is the first element that must be established to proceed with an action in negligence. The claimant must be able to show a duty of care imposed by law which the defendant has breached. In turn‚ breaching a duty may subject an individual to liability. The duty of care may be imposed by operation of
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the dividend. June 2010 there was a change in the law for the declaration of dividends however George did not find out about this until late September 2010‚ the same time the board signed off the financial reports and therefore George could not inform HP of the company’s financial difficulties. The board not knowing George’s advice was regarded as not true‚ seen it as favourable advice and decided to sign off the reports and declare the dividend to members. Susan was absent from this meeting from
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