Case Study Of Cartrack Development Inc.
Introduction
In this research paper, a case study is presented of two companies with a proposal that involves the compliance to the business laws of Canada. The case study in this research paper involves the proposal that is presented to the board of directors of Custom Car Restoration and Design Services Ltd towards investing in the company called CarTrack Development Inc. Being a huge amount of investment totaling to about $ 100 000, it is important to hear the advice of the directors in terms of arguing for or against the investment in the company.
In this research paper there are six directors of the board of which in this paper the character and response of Sam Simmonds will be discussed. The response and the arguments of Mr Sam Simmond …show more content…
among them include the benefits that CCRADS will get from the investment that is not only the long term profits but also the ease and professionalism in building of the cars. CarTrack has got smart software with benefits like more than 100 unique car models. This will be off benefit to the company as it builds up and design new car models that customers love in the market. It also gives the benefits of being accurate model with specifications that are not approximated. The package is also able to create one database for the buyers and those who resell them including the repairers (Schaffer, Agusti & Dhooge 2014). Such a database will be beneficial since the company is able to extract the important data of the clients that may be beneficial for making the forecasting among others. the software also has benefits like the advertising tool that leads to production of cards that are customer …show more content…
Legally it will be wrong to invest in the company since some of the directors including myself Mr Simmon have interest in CarTrack Development, which is a breach of discharging my fiduciary duties to CCRADS. My position is for the investment to be laid on neutral ground without any personal interests in the eyes of law; some of the directors like us should resign (Schaffer, Agusti & Dhooge 2014). If not resigning and allowing other neutral directors to take charge then the proposal should be disallowed and investment in other companies be done. The company should also be very careful with the loan from Redstar such that if the repayment will lead to a loss to the company in the long run, the company should consider using its own
In this research paper, a case study is presented of two companies with a proposal that involves the compliance to the business laws of Canada. The case study in this research paper involves the proposal that is presented to the board of directors of Custom Car Restoration and Design Services Ltd towards investing in the company called CarTrack Development Inc. Being a huge amount of investment totaling to about $ 100 000, it is important to hear the advice of the directors in terms of arguing for or against the investment in the company.
In this research paper there are six directors of the board of which in this paper the character and response of Sam Simmonds will be discussed. The response and the arguments of Mr Sam Simmond …show more content…
among them include the benefits that CCRADS will get from the investment that is not only the long term profits but also the ease and professionalism in building of the cars. CarTrack has got smart software with benefits like more than 100 unique car models. This will be off benefit to the company as it builds up and design new car models that customers love in the market. It also gives the benefits of being accurate model with specifications that are not approximated. The package is also able to create one database for the buyers and those who resell them including the repairers (Schaffer, Agusti & Dhooge 2014). Such a database will be beneficial since the company is able to extract the important data of the clients that may be beneficial for making the forecasting among others. the software also has benefits like the advertising tool that leads to production of cards that are customer …show more content…
Legally it will be wrong to invest in the company since some of the directors including myself Mr Simmon have interest in CarTrack Development, which is a breach of discharging my fiduciary duties to CCRADS. My position is for the investment to be laid on neutral ground without any personal interests in the eyes of law; some of the directors like us should resign (Schaffer, Agusti & Dhooge 2014). If not resigning and allowing other neutral directors to take charge then the proposal should be disallowed and investment in other companies be done. The company should also be very careful with the loan from Redstar such that if the repayment will lead to a loss to the company in the long run, the company should consider using its own