Directors The directors of an organization are the persons who are members of its board. Several specific terms categorize directors by the presence or absence of their other relationships to the organization.[6] An inside director is a director who is also an employee‚ officer‚ major shareholder‚ or someone similarly connected to the organization. Inside directors represent the interests of the entity’s stakeholders‚ and often have special knowledge of its inner workings‚ its financial or market
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DUTIES OF DIRECTORS Directors of a company normally have exclusive power to manage the company’s business and exercise its powers. At common law‚ the duties were owed to the company‚ to employees‚ to individual shareholders and creditors. 1.0 Duties of Directors to the company It is convenient to categorise the duties of directors into fiduciary duties which arise because they are quasi-trustees of the assets of the company. The word ‘fiduciary’ refers to trust and confidence. ‘A fiduciary is
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Hampton Park Pty Ltd (HP) Synopsis. In the case study of Hampton Park Pty Ltd (HP) has four directors; William (Managing Director); Susan‚ Jack and Gail (Non-executive directors). As HP’s financial position begins to deteriorate‚ George‚ the Chief Financial Officer of the company advises the accounts still show a profit and the company would have a solid base to pay out a dividend to its members. In July 2010cHP’s financial state worsens however George declares a technical profit and advises HP
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boards of directors. 1 I would require the board of directors degree of involvement in strategic management be active participation (approves‚ questions and makes final decisions on mission‚ strategy‚ policies and objectives) or be that of a catalyst (takes the leading role in establishing and modifying the mission‚ objectives‚ strategies and policies). This would ensure that the board of directors takes a hands on approach (Wheelen‚ p. 47). 2 I would require the board of directors to set
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what have Don breached his directors’ duties under the act in good faith and best interest of the company as well as disclosure personal interest. The second issue is possible remedies for Bryan while he has been conducted unfair and oppressive. ISSUE 1: WHAT HAS DON BREACHED? Fiduciary duties to disclose personal interests Directors are under both fiduciary and statutory duties to avoid conflicts between their personal interests and the interests of the company. The director is to declare the “nature
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the board has two major jobs: to monitoring the decision making of management as a representative of shareholders and to initiate and implement of decisions. The board of directors is a major mechanisms used to solve agency problem‚ which arises when the management and ownership is separated in the company. The board of directors is an internal control mechanism to make sure the company’s decision making is align with the interest of shareholders. In US and UK‚ in order to improve the effectiveness
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Yann Martel’s novel Life of Pi is the story of Piscine Molitor Patel‚ also known as Pi‚ who at the age of sixteen survived for 227 days on a lifeboat in the Pacific Ocean. The boat consisted of a hyena‚ an orang-utan‚ a zebra‚ and a 450-pound Bengal tiger named Richard Parker; later on the true story is revealed which is without any animals. Early in the novel the reader is told that this story will convince one to believe in God‚ each of the two different versions are a metaphor to understanding
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COMPANY PROFILE Costco Wholesale Corporation REFERENCE CODE: 7EE0FB19-6C6E-4865-AFD1-D601275DC508 PUBLICATION DATE: 30 Aug 2012 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Costco Wholesale Corporation TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts.................................................
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Life of Pi I. THE FUNDAMENTALS OF THE BOOK: The book Life of Pi by Yann Martel was published in 2001. The story is primarily about an Indian boy named Piscine Molitor Patel‚ who survives a shipwreck with a Bengal tiger. Unfortunately‚ this book is not a part of a series; the characters in the book do however‚ have an interesting relationship with the author. Yann Martel is from Canada‚ as stated in the book. The Patel family was moving to Canada‚ this is also the place Piscine “lives” currently.
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In the book of Bertrand Russel‚ the problems of philosophy‚ he is questioning if there is a knowledge that we are really sure about. He is questioning if what we see is really the reality. He examples the table‚ if the shape‚ texture and color are really the true characteristics. We see different characteristics if we are on a different view. The color for example‚ if you see a table at a certain perspective it is color brown gets lighter or darker‚ so we assume that the true color of the table is
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