CHAPTER ONE Introduction 1.1 Background One of the primary benefits of creating a corporate entity is to limit the liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern
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The Snow Storm Lawsuit This case is about a lawsuit that generated from a small community hospital due to a snow storm. During the storm many hospital health care providers were unable to report to work due to the weather‚ and the Chief Executive Officer was vacationing in the Bahamas. In the meantime‚ many patients suffered from lack of care and injuries. As a result‚ many relatives of those patients decided to sue the hospital on their behalf after they died a year later for negligence‚ duty of
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Xarelto Lawsuit Information The lawsuits on Xarelto states that the manufacturer failed to: State that there is no antidote to prevent the bleeding from Xarelto. State there could be rise in severe bleeding while taking Xarelto. Conduct full investigations concerning the safety risks of Xarelto. Give enough warnings about the safety risks that are associated with Xarelto. The manufacturer also overdid the promotion on the drug therefore endangering millions of lives through the huge sales made.
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The Central Issue: Why is KFC not making any changes towards their poultry guidelines even after all the stunts and attacks by PETA? Recommended Course of Action: Create a campaign to teach KFC’s consumers about all the animal cruelty that KFC puts its’ chickens through and start a boycott. Basis of Recommendation: Creating a campaign to teach KFC’s consumers would let them realize exactly what PETA is fighting for and how much cruelty there is on KFC’s part. Knowledge is the main thing that
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Pearson and McDonald’s Lawsuit Analysis Samantha Penico University of Maryland University College‚ AMBA 610 Executive Summary There are two major lawsuits which the main populace has defined as frivolous. One of those cases is the McDonald’s split coffee case. This is the case where the plaintiff spilled her coffee and was rumored to sue McDonald’s for 2.7 million dollars and win. The other’s case is the Pearson dry cleaning case where a man sued Chung Dry Cleaner’s 54 million dollars for
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NON-MONETARY PROVISIONS Sodexo agreed to continue or to implement the programmatic initiatives outlined in the particular section. The Parties recognize that Sodexo has expended significant resources and would provide significant economic and other benefits to Sodexo and its employees. A. Commitment to EEO and Diversity 1. Statement of Commitment to Diversity Sodexo shall communicate clearly that it is fully committed to being a leader in the field of diversity and equal employment opportunity
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business through changing its company type to publicly listed company. At the same time‚ getting list also can attract more investors to enable company continuous and healthy development in the future. Therefore‚ in this report‚ I will concentrate on legal procedures and their relevant issues in relation to the modification of company type and public listing. The process of changing the company type and getting listed 1. According to of Corporations Act 2001‚ the process to change from a proprietary
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Marriott Corporation: The Cost of Capital April 2012 Executive Summary Determining the appropriate cost of capital for new investment projects for a diversified company like the Marriott Corporation is not an easy endeavor. However‚ it is an important exercise because the more effective the process‚ the better it can help to support the company’s growth objective with its financial strategy. The four components of the financial strategy are: manage rather than own hotel
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Multinational Corporation A multinational corporation (MNC) is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred as an international corporation The first modern multinational corporation is generally thought to be the Dutch East India Company. Nowadays many corporations have offices‚ branches or manufacturing plants in different countries from where their original and main headquarters is located. Multinational Corporations (MNC)
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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