The issue of this case is whether the board of Katia was in breach of the director’s duties. In determining this issue‚ the legal principles in Corporate Act section 181 as well as Howard Smith v Ampol Petroleum‚ Whitehouse v Carlton Hotel‚ Mills v Mills‚ Ngurli v McCann‚ Harlowe’s Nominees v Woodside Oil and Winthrop Investments v Winns should be considered. S 181 states that directors should exercise their powers in good faith and proper purpose. Subjective tests (which concerns whether the
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* Investment management * Charitable gifting strategies * Business succession planning * Risk management * Insurance planning If you wish‚ our trust professionals can also serve as your corporate trustee‚ co-trustee or agent. As a corporate trustee or co-trustee‚ we accept responsibility for carrying out the terms of the trust in an unbiased manner. Investment Management As
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Corporate Strategy In Corporate Strategy‚ Collis and Montgomery explain there are two kinds of diversification—linked and constrained. Companies using linked diversification enter new businesses when it relates in some way to another business they are already in (it is linked to it)‚ but does not necessarily have any connection to their other businesses. If they are using constrained diversification‚ however‚ they only enter a new business if it is based on their core resources or competencies.
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Introduction The main concept in the assignment is about corporate personality. First of all‚ we need to clarify the meaning and characteristics of company. In short‚ company means a body of persons combined for a common object. A company exist there must be a group of persons that more than 1 persons. In eyes of law‚ a company is a separate legal personality from its members. In Section 16(5) CA1965‚ it stated that a body corporate obligations and liabilities are its own‚ and not those of its
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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Industrial Systems‚ Plastics‚ and Power Systems). GE’s operating systems and social architecture‚ together with companies’ common structure also match together. GE formally announced the deal on October 22‚ 2000; in which GE offered 1.055 GE shares for each share of Honeywell‚ plus assumed dept. The company submitted the required regulatory fillings to the U.S. Department of Justice (DOJ) and notified the European Commission (EC) of the proposed merger. Antitrust regulatory authority of EC announced
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CORPORATE EXCELLENCE. WS 12/13 –RESEARCH PROJECT WORK STUDENT ID :WS/MBA/12/13/0189 2012 LAETICIA 11/30/2012 Part A Leadership Definition of excellence Corporate excellence is often described as the outstanding practices in managing the organization and achieving results‚ all based on a set of fundamental concepts and values. The essence is to be better and have a competitive advantage over others in the industry. In such doing an organization needs to have a clear vision of what they are aiming
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TYPES OF CORPORATE DIVERSIFICATION When a firm chooses to diversify‚ it faces a decision as to how related the new business(es) is(are) to the existing businesses of the firm. When Charles Bluhdorn was CEO of a company called Gulf+Western in the 1950s‚ he diversified into a host of industries: motion pictures (Paramount Pictures‚ the makers of The Godfather‚ Chinatown‚ and other movies)‚ clothing‚ cigars‚ zinc mines‚ auto parts‚ and sugar‚ among others! In contrast‚ a company such as Cooper
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characteristics of a typical entrepreneur are irreconcilable with a corporate career. Large organisations are by their nature bureaucratic and as such promote an environment in which the entrepreneur cannot survive. Prepare a discussion paper in essay style in which you survey the arguments for and against the above quotation‚ and then justify your own position. In your answer‚ provide very many examples of entrepreneurs and corporate managers‚ from your reading and your own experience‚ to illustrate
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Running head: CORPORATE SCANDAL 1 Sheri Bardot Ashford University OMM 640 Business Ethics and Social Responsibility Prof. Tricia Devin Corporate Scandal in America: Week 6 March 17‚ 2012 COROPORATE SCANDAL 2 The unethical business practices of Enron‚ Leman Brothers and
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