RESPONSIBILITIES Is Legislation in Malaysia sufficient post Enron & Worldcomm? Abstract Directors being pillars of corporate governance (Cowan‚ 2004) should at all times act honestly and use reasonable diligence in the discharge of their duties. This is more so in light of recent major corporate issues like ENRON & Worldcomm in the United States and the Transmile case in Malaysia. In essence directors are agents of the company and as agents‚ they owe a duty of trust to the company and shall do
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Generally‚ the board of directors are responsible for the following duties: 1) duty of care – duty to make/delegate decisions in an informed way; 2) duty of loyalty – duty to advance corporate over personal interests; 3) duty of good faith – duty to be faithful and devoted to the interests of the corporation and its shareholders; 4) duty not to “waste” – duty to avoid deliberate destruction of shareholder value. There is no reason to believe that the duties of Vector’s board should be any different
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COMPANY PROFILE SABMiller plc REFERENCE CODE: 7CE986FC-C5CB-438E-ACB0-831284101ACF PUBLICATION DATE: 22 Apr 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. SABMiller plc TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts............................................................................
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Ewers who report to the Board of Trustees. Utah Symphony Culture Hierarchy Culture – maintain stability and control. Well defined structure for authority and decision making i.e. the chairman and the music director Mr. Lockhart. Unionized musicians. Organizational structure in terms of power and decision making Opera Symphony Scott Parker (Chairman of Board of Trustees) Bill Bailey (Chairman of Board of Trustees) CEO Lockhart Director) (Music Anne Ewers (General Director) Factors of new company
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Charnley Case Summary Irene Charnley is a colored (black) lady of South Africa. She was former trade unionist made first mark as a shrewd negotiator for the National Union of Mineworkers in South Africa. Went on to take up a job as an Executive Director at Johnnic‚ led MTN‚ Africa’s largest telecoms group‚ where she led the company’s successful foray into several African countries. Was instrumental in negotiating for and acquiring one of four GSM licenses in Nigeria. She also helped MTN secure the
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CASE 3 : Accounting Fraud at WolrdCom Table of Contents Introduction....................................................................................................................... 1 Question 1 .......................................................................................................................... 2 Question 2 .......................................................................................................................... 4 Question 3 ..........................
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scandal‚ as well as an observation of the internal control environment led to some interesting insights regarding possible improvements Olympus might implement. However‚ we also note that a collusion of board members cannot be prevented by any level of internal control‚ and a renewal of the entire board might be appropriate in order to establish proper internal control within the Olympus Corporation. Table of Contents Table of Contents 2 Chapter 1 3 1.1 Description of the organization
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are the CEO and CFO of the company. They are the only two family members on the board of directors. The other three board members are non-family members. TAM’s hired an independent accounting firm to help establish an ethics program. The accounting firm handles all the companies’ financials and independent audits. Although not required to be in regulation‚ the company requires a member of the board of directors‚ in addition to the CEO and CFO to certify the financial statements‚ procedures‚
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annual revenues of approximately $6B. Today Cardinal Health boasts $100+B in annual revenue. Board Composition Cardinal Health ’s Board of Directors has remained mostly the same preceding and after Sarbanes-Oxley legislation. The Board is composed of independent industry experts within Healthcare‚ Technology‚ and Academic fields. Some of the organizations represented on Cardinal ’s Board are The Bing Group‚ Gardner‚ Priority Health Group‚ Bank One‚ Harvard University‚ and Akamai Technologies
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LUSTER INDUSTRIES BHD (156148-P) CONTENTS 02 Corporate Information 03 Group Structure 04 Statement From Managing Director 06 Directors Profile 08 Financial Highlights 09 Statement On Corporate Governance 14 Statement On Internal Control 16 Audit Committee Report 20 Other Information 21 Directors Report 26 Statement By Directors 27 Statutory Declaration 28 Report Of The Auditors To The Members 29 Consolidated Balance Sheet 30 Consolidated Income Statement 31 Consolidated Statement Of Changes
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