Cynthia Claude Nkono Moanang 1009040 CORPORATE GOVERNANCE AND BUSINESS ETHICS ASSIGNMENT TOPIC: Principals (shareholders) – agent (managers) problem represents the conflict of interest between management and owners. For example‚ if shareholders cannot effectively monitor the managers’ behaviour‚ then managers may be tempted to use the firm’s assets for their own ends‚ all at the expenses of shareholders. Discuss the pros and cons of this statement with regard to duties of Board of Directors
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Define who is an agent and give TWO (2) reasons why agents are appointed. GHL Fridman describes agency as ‘the relationship that exists between persons when one‚ called the agent‚ is considered in law to represent the other‚ called the principal‚ in such a way as to be able to affect the principal’s legal position in resects of strangers to the relationship by the making of contracts or the disposition of property’. The Australian High Court in International Harvester Co of Australia Pty
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TABLE OF CONTENTS Page 1. Introduction 2 2. Disintermediation and re-intermediation of the travel agents 3 3. Travel agencies responses to a challenging market 6 4. Conclusion 8 5. References 9 1. INTRODUCTION Nowadays‚ the travel distribution channel is very complex and characterized by the presence of many different kind of intermediaries which operate in a very competitive market. Since the beginning of the travel industry
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Environmental Engineering Environmental engineering is a field related to direct application of science and engineering principles to the environment in which animals‚ humans and plants are living. An environmental engineer as a professional is concerned to protect the environment from deterioration; he is also concerned with the preservation of resources including plants‚ fuels‚ and fossils which can generate energy for human use. The primary task of an environmental engineer is to provide
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kComprehensive Problem Weighted-Average Method The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion. Information on work in the first department‚ Cooking‚ is given below for May: Production data: | | Pounds in process‚ May 1: materials 100% | | complete; conversion 90% complete | 70‚000 | Pounds started into production during May | 350‚000 | Pounds completed and transferred to the next department | ? | Pounds in process
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Identifying the Change Agents and Targets When doing work in your community‚ the first thing to decide is what is the issue or problem you want to address. Whether you are teaching kids to read or trying to create safer neighbourhoods‚ it’s your group’s reason for being; it’s what you’re all about. But‚ you and your organisation are not alone. There are people who can benefit and people who can help. That is‚ there are people for whom your initiative has things to offer and people from whom
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Agent Orange: The Untold Story. The Vietnam War was beyond doubt a devastating incident. Thousands of people died in this war because of the bombings‚ but bombing wasn’t the only strategy used by the U.S. Government to get rid of “communist vietnamese‚” nor communist the only people affected in this war. We are aware of all of those people who died in the Vietnam War and we admire its veterans‚ but we don’t consider all of the people that the government left behind after drastically changing their
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I have decided to do my research paper about the effects of Agent Orange on the ecosystem and environment of Vietnam and the soldiers who were fighting during the Vietnam war. This topic is one of many examples of how dangerous chemical being used for warfare also destroyed the environment. This event also caused damage to the people who were in contact with the agent and spread genetically through their descendants. I often wonder how the government can use such dangerous chemicals without thinking
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the most significant agent of socialization? Why do friends become more important agents of socialization than parents? There are different types of agents in socialization‚ including the family‚ peers‚ and mass media. These agents of socialization influence our orientations to life. Family places an important role‚ and as we become older we become part of a society where we can obtain opinions and ideas from someone other than a parent. The first and most important agent in socialization is
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Administration‚ Agent Camarena in 1985‚ Red Ribbon Week began in 1988. Camarena had been involved privately in Guadalajara‚ Mexico for four plus years. The strive he put in led to a reorient that resulted in the revelation of a multi-million dollar insane manufacturing business in Mexico. The destroying of this and more drug businesses enraged bosses of several drug groups who searched for revenge. They murdered key informers and on February 7‚ 1985‚ they abducted Captain Alfredo Zavala and Agent Camarena
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