1. INTRODUCTION “The collapse of the HIH Insurance group (“HIH”) resulted in a deficiency of up to A$5.3 billion‚ making it Australia’s largest corporate failure. The ensuing Royal Commission report released in April 2003 provides a rare detailed dissection of a spectacular corporate implosion and a very useful case study from which corporate governance lessons may be learned. This is particular so because HIH was not unusual case of major fraud or embezzlement. The failures identified by Commissioner
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POWERS AND DUTIES OF DIRECTORS POWER OF BOARD OF DIRECTORS - SOURCES • The Companies Act 1956 • Section 179 - General Powers enjoyed by board of directors • Board of directors and Company are co-extensive: directors are entitled to exercise all powers as the a company is authorized to exercise and do • Articles of Association • Board Resolutions • Resolutions in General Meetings • Agreements/Contracts with Company SECTION 179 AND 180 – POWERS IN DETAIL • General Powers Include
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COURSE: CORPORATE GOVERNANCE (CG 601) LECTURER NAME; MR G.A.W KACHALI CANDIDATE REGISTRATION NUMBER: 22 GGM 10895 Student Name; GEOFREY SHUMA TABLE OF CONTENTS 1. Introduction 2 2. Overview 2 3. Corporate Governance definition 2 4. Good Corporate Governance 3 5. Historical Background of Corporate Governance 4 6. Impact of Corporate Governance 5 7. Parties to Corporate Governance
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PROFESSIONAL ETHICS AND MORAL VALUES SHALABH KULSHRESHTHA FACULTY OF ENGINEERING‚ DAYALBAGH EDUCATIONAL INSTITUTE Direct_2_shalabh@yahoo.com INTRODUCTION Ethics‚ also called MORAL PHILOSOPHY‚ the discipline concerned with what is morally good and bad‚ right and wrong. The term is also applied to any system or theory of moral values or principles. How should we live? Shall we aim at happiness or at knowledge‚ virtue‚ or the creation of beautiful objects
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nation builders‚ but in doing so‚ they also face many snags during their professional work. Sometimes there might also be a conflict between the personal and professional ethical values of a person in the professional career (González-Prendes‚ 2011). Furthermore‚ personal and professional ethics are also two different things and not the same; but there is also a strong link between the personal ethics and professional ethics. I contemplate that whatever behaviour a person show at his workplace‚ is
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Ethics are a collection of principles of right conduct that shape the decisions people or organizations make. In a market economy‚ a business put all possible effort in its own best interest in order to make the best profit. In other hand‚ businesses are involved each other in that process. It’s ethical in business to do the best possible for your own business without harm the interests or profits to other businesses involved. Ethical behavior is what all carrier people should have in all businesses
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Professionalism is the conduct‚ aims‚ or qualities that characterize or mark a profession or a professional person. While the definition of professionalism defines the word‚ it does little to help you to understand which qualities and characteristics are important‚ or how you can become a recognized professional in your chosen career. There is much more to being a professional than simply acquiring the best training and skills. Becoming an expert in your field is only one part of earning the respect
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Assignment 3: Corporate Governance and Ethical Responsibility LEG 500 - Law‚ Ethics‚ and Corporate Governance 1. Determine at least three different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Stakeholders are individuals who are involved in‚ have a vested interest in‚ or a “stake” in the success of an organization (Merriam-Webster‚ 2011)‚ such as a hospital. Dr. DoRight is an influential decision maker as the President of
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International Maritime Arbitration: Legal and Policy Issues Paper Presented to World Maritime University Malmö 14 May 2007 and to the Australian Maritime and Transport Arbitration Commission Sydney 4 December 2007 The Hon. Justice James Allsop Federal Court of Australia International Maritime Arbitration: Legal and Policy Issues.1 Abstract This paper seeks to deal with some important underlying policy questions faced by legislatures‚ governments and courts in dealing with
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Summary: It’s toy time is a specialty toy retailer‚ operating in Banani 11 no. shop no.1. We are a company that helps to grow the creative power of our children.Our success is our employees and the unique service they render. The large variety of toys at lower prices‚ the fun-filled atmosphere and service is all that It’s toy time provides its customers.We are the only company who thinks about a childs mental development but not only entertainment. 2. Company Information: Name: IT’S TOY TIME Inc
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