defendants MSG‚ Isiah Lord Thomas‚ and James Dolan‚ alleging that she was discriminated on the basis of her sex and terminated in retaliation for her sexual harassment complaint against MSG and Thomas. MSG counterclaimed against plaintiff for breach of fiduciary duty. The rule: The rule is that‚ the faithless servant doctrine provides that an agent is obligated “to be loyal to his employer and is ‘prohibited from acting in any manner inconsistent with his agency or trust and is at all times bound to exercise
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PENSION FUNDS A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees‚ called a corporate plan or private plan. • A federal‚ state‚ and local government on behalf of its employees‚ called a public plan. • A union on behalf of its called a Taft-Hartley plan. • An individual‚ called an individually sponsored plan. Two
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Question 1 Summary of the CBA Scandal In October 2008 ASIC was notified that CBA (Commonwealth Bank of Australia) had attempted to conceal the unlawful actions of one of their most senior financial planners‚ who had control of an estimated $300 million in investments. (Adele Ferguson‚ CBA Cover Up Misconduct by Rogue Financial Planner‚ 2013) Through “extensive surveillance” on the conduct of CBA’s financial planning activities between 2007 and 2008‚ ASIC uncovered evidence which supported claims
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* * Refer to lecture slides and audio/ learning guide. * * Evaluate – Examine validity or plausibility of an argument or proposition against a stated objective or findings and offer an objective and authoritative appraisal of your judgment. You should also outline the advantages and disadvantages of the matter under discussion. | * * Evaluate – outline both the advantages and disadvantages of an argument whilst providing an opinion to state the validity of the argument
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Chapter 5 Quiz True / False Questions 1. Corporate governance is the system that directs and controls business corporations. True False 2. The development of a separate corporate entity limited organizations to raising funds from individual shareholders in order to grow their operations. True False 3. Managers only are accountable to their owners. True False 4. The board of directors runs the organization on a day-to-day basis. True False 5. The term outside director can be misleading because some
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-Bona Fide Occupational Requirement: is a genuine requirement for a job‚ such as‚ for example‚ the need to wear a hard hat when working on a construction site. Bona fide occupational requirement is a defence that excuses discrimination o a prohibited ground when it is done for a legitimate business reason. Bona Fide occupational requirement can be rejected if a male does not have the care‚ attractiveness and delegacy a women would have. Physical capabilities have also been rejected example a women
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Business organisations CRICOS Provider Code 00301 What to do this week • Attend a seminar and/or listen to the iLecture recording; • Read chapter 10 (pages 291 to 323 and page 331 only) and chapter 11 (pages 337 to 341) of Understanding Business Law; and • Do the E-tutorial ‘Choosing a Business Form - Noncorporate Business Arrangements’. CRICOS Provider Code 00301J Learning outcomes After completing this topic you should be able to: • distinguish the various business organisations that are
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control in the case. Although‚ whether Ko agree with this decision or not‚ the final result would be expanding the business. It is her right to vote for the resolution in general meeting. However‚ Ho and Lo just negligent Ko and they breach the fiduciary duties of directors. They cannot constraint Ko’s voting right by making a decision without consulting with
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Business Management 1 (BEC121E) Assignment 1 Business Ethics For Juliet Puchert By: Mr. KUDZAI MACDONALD MANDIZVIDZA 201105404 Tut Group: W10 Contents INTRODUCTION 3 Business ethics concept 3 IMPORTANCE OF BUSINESS ETHICS 4 Reputation 4usiness ethics Investors’ confidence 4 Financial performance 5 Consumers 5 ETHICAL ISSUES 5 The community 5 Employees 5 Customers 6 Suppliers 6 Managers 7 BASIC BUSINESS ETHICS THEORIES 7 Stockholders’ theory 7 Stakeholder’s
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report which is consistent with the financial statements and contains certain specified information. Agency A director can be described as an agent having a fiduciary relationship with a principal (i.e. the company that employs him). (A fiduciary relationship is one of trust.) In meeting their responsibilities of stewardship‚ managers have fiduciary duties to safeguard assets and implement and operate an adequate accounting and internal control system. Accountability Auditors act in the interest of the
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