CORPORATE SECRETARYSHIP CHAPTER ONE THE ROLE OF THE COMPANY SECRETARY 1.1 Requirement to appoint a company secretary It is already understood that a company is the creation of law‚ having rights‚ duties and obligations just as that of human being. The so-called legal entity may therefore sue and be sued: Salomon’s case. But because of the abstract nature of a company as a ‘person’ it becomes necessary that human agents (directors) be put in place to see to the effective running
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1 Sources of Company Law 1.1 W HAT IS COMPANY LAW? For the last century and a half a complex body of legislation called the Companies Acts has declared that if anyone presents to Companies House the documents required to form a ‘company’‚ the Registrar of Companies will issue a Certificate of Incorporation stating‚ like a birth certificate‚ that a new person‚ a ‘limited company’‚ has that day come into being. This robotic person‚ ‘owned’ by its shareholders‚ has no arms or legs‚ nor even
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Question 1 James runs a single director proprietary company called Jamboos Pty Ltd a) Explain the rules that Jamboos must operate under and James’ powers under the Corporations Act. In Corporations Act‚ S198E‚ 201F and 202C contain certain provisions that govern the operation of single director companies. These provisions apply whether or not the single shareholder company has adopted a constitution which include: The director may appoint another director by recording the appointment and signing
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Walt Disney Company if there was an authoritarian leader it would affect group communication immensely because the employees need to be creative and because authoritarian leaders “make decisions‚ give the orders‚ and generally control all activities” (Beebe & Masterson‚ 2009‚ P. 290) this does not allow creative communication. When a leader dictates techniques to a group it does not allow constructive communication‚ and ideal sharing‚ and this would not be good for The Walt Disney Company. In The Walt
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Weaver’s products which is one of the largest U.S drug firms. Leonard Prescott‚ vice president and general manager of Weaver Pharmaceutical believed that his executive assistant; John Higgins has lost his touch to effectively representing the U.S parent company and too attached to Japanese culture. Higgins and Prescott both have different opinions toward implementing U.S. policies in the Japanese operations. Higgins’s attitude was seen more against the U.S. policies and more toward the Japanese ways of doing
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v Grant (1877) as ‘one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary steps to accomplish that purpose’. The promoter would be the person who undertakes the formation of a company by carrying out the procedures necessary for incorporation‚ person actually interested in the company or professionals who incorporate a company as part of their business. But under Section 4 The Companies Act 1965 states does not include any person by reason
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COMPANY PROFILE The Procter & Gamble Company REFERENCE CODE: C895EAE6-25E0-4D36-B30D-69500B939DC1 PUBLICATION DATE: 24 Aug 2012 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. The Procter & Gamble Company TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts.................................................
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Jackson Dr. Panigrahi The Kroger Company is what many consider to be an American Supermarket chain‚ founded in 1883 by largest grocery Bernard Kroger Cincinnati Ohio Kroger is now the second largest grocery retailer by volume failing only behind Wal-Mart. Since 2010 The Kroger Company has operated through many subsidiaries (3619) stores and was reported to do sales numbers exceeding 80 billion during for the first time in the year of (2010). The Kroger company hard work and success would not be
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University of waikato Company Valuation Report Alice Luo Wendy Ruan Emily Xie Constance Yan Date – 14/09/2014 Contents 1.0 Introduction…………………………………………………………………………………………….. .1 2.0 Literature Review………………………………………………………………………………………..1 2.1 Asset Size……………………………………………………………………………………………..1 2.2 Total Operating Income........................................................................................................................2 2.3 Impaired asset expense as % of average
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Leslie Fay Companies Paul Polishan apparently dominated Leslie Fay ’s accounting and financial reporting functions and the individuals who were his subordinates. What implications do such circumstances pose for a company ’s independent auditors? How should auditors take such circumstances into consideration when planning an audit? My question for the Leslie Fay Companies case focuses on the actions of Paul Polishan and the effect his self-established tyranny over the financial information
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