technology to develop stock quotes. The program that the firm tested and helped to develop became the National Association of Securities Dealers Automated Quotations‚ or famously as NASDAQ stock exchange which Madoff later served as president of the board of directors. But on the 10th of December 2008 Madoff became famous for a very different reason‚ after the investor informed his sons that he planned to give out several million dollars in bonuses two months earlier than scheduled‚ they demanded to know
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Summary of the article: Nonprofit boards serve as the hub for accountability for the agency that they represent. As such‚ nonprofit agencies bare a heavy burden when recruiting members for their boards with the skills and objectivity needed to deal with the specific complexities of a nonprofit agency "When a Business Leader Joins a Nonprofit Board‚" that "Board members with no visceral feel for an organization may bring values to te table that are simply inappropriate‚" highlighting the challenge
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DIRECTORS PROFILE Tan Sri Dato’ Md Nor Yusof Chairman/Non-Independent Non-Executive Director Chairman/Non-Independent Non-Executive Director • Aged 64‚ Malaysian • Joined the Board on 27 June 2006 • Attended 8 out of 9 Board Meetings held in 2011 • Member of the Board Risk Committee Tan Sri Dato’ Md Nor graduated with a Bachelor’s Degree in Commerce from the University of Otago‚ New Zealand and is a qualified Chartered Accountant. Tan Sri Dato’ Md Nor has spent more than 18 years of his
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2) Types of Director 1 3) What is an Independent Director 2 4) Role of an Independent Director 3 5) References 5 INTRODUCTION: All companies must have officers. A private limited company must have at least two director and a company
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Unethical Marketing and its Consequences By Jose Gonzalez Dr. Henry Roehrich Park University MK351 26 January 2014 Outline Purpose Statement: To provide an understanding what constitutes ethics in marketing‚ what are some of the laws and code of ethics that protect unethical practices‚ and provide some examples of unethical behavior in marketing and their consequences? I. What constitutes ethics in marketing? A. Definition of marketing ethics II. What are some of the
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The Law of Directors Duties The law of Directors Duties stems from the systems of corporate governance in order to ensure that the persons occupying higher positions within the company will take good care of the company‚ as well as not act in a way that will create deficiency. There are 3 sources to the legal duties: the common law; the principles of equitable fiduciary duties; and the statutory duties stated under the Corporation Act section 180-183(Harris‚J.‚ 2008). The penalties of breach
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‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement? Introduction A company is a distinct legal entity created by statute. Companies have many of the same legal rights and obligations as do individuals. They can own and sell property‚ they can hold profits or acquire debts‚ they can enter into contracts and sue or be sued‚ and governments can tax them. Companies are advantageous primarily because they become legal entities that are separate and
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registered charities are run by board of directors that are voted in by members of an organization. These organizations are not owner operated. The board of directors for NFP’s and registered charities usually consists of individuals who are leaders or experienced professionals in their respective communities (Carters‚ 2011). No individual has the right to any residual earnings or share capital in these organizations. This report will discuss the roles of directors and how they must perform these
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...........................................................6 Value added statement..............................................................7 POFTI NIGERIA LIMITED CORPORATE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER‚ 2008 1. BOARD OF DIRECTORS Mrs Olabisi Mr Damilare 2. REGISTERED OFFICE Plot 5&6‚ Remi Shofoluwe Road‚ Mile 12 Lagos 3. CORPORATE REFERENCE Registration number: GE 34859 4. BANKERS Zenith Bank plc‚ Lagos Diamond Bank plc‚ Lagos Oceanic
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responsible to what a society has defined and regulated to be ethical or unethical behavior. Sexual harassment is one of the unethical conducts that a lecturer can conduct at a university. Sexual harassment is defined as any kind of sexual behavior that is welcome and/or inappropriate for the work place” (Cornell). This paper discusses the unethical behavior of a lecturer to students focusing on sexual harassment as unethical conduct at a university and how the principles and the ethical theories
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