Module Title: Company Law Company Law Assignment – Question A In this assignment‚ I will identify the theory of a corporate personality‚ demonstrate why companies exist autonomously from their promoters or owners‚ introduce the concept of a company having a corporate veil‚ and finally to identify why there is such controversy around the notion of a court lifting the corporate veil‚ with a focus on ‘sham’ companies. The theory of a company having a separate legal personality comes from the introduction
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Running Head: WHIRLPOOL CORPORATION Whirlpool Corporation [Author’s Name] [Institution’s Name] Whirlpool Corporation Whirlpool Corporation is a renowned global manufacturer and marketer of electronics appliances. Its product portfolio primarily consists of laundry appliances‚ refrigeration systems‚ nourishments appliances‚ juicers & mixers‚ and dishwashers. The company markets and distributes its products under different names like Whirlpool‚ Kitchen Aid‚
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Product Gross Margin Calculation vs. Product Contribution Margin Calculation Assigning the overhead costs to the products shows how profitable the products are after deducting all cost. However‚ it is important to find the appropriate method of overhead cost allocation. In Sippican’s case the traditional accounting method is used‚ which does not reflect the real resource usage of the different product lines. The correct method in this case would be to apply the time-driven ABC approach for cost
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Corporate Governance The system of rules‚ practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders‚ management‚ customers‚ suppliers‚ financiers‚ government and the community. Since corporate governance also provides the framework for attaining a company’s objectives. Corporate governance refers to the structures and processes for the direction
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"Corporate Fraud" when you hear those words the first‚ most recent incident‚ many think of is The Enron Scandal. This same scandal produced the Public Company Accounting Reform and Investor Protection Act of 2002. This much needed act created the Public Company Accounting Oversight Board under the Security Exchange Commission ’s supervision. This board sets accounting standards and investigates Certified Public Accountants and companies to ensure they are following the guidelines set forth. This
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commonly referred to as Sony‚ is a Japanese multinational conglomerate corporation headquartered in Kōnan Minato‚ Tokyo‚ Japan. Its diversified business is primarily focused on the electronics‚ game‚ entertainment and financial services sectors. The company is one of the leading manufacturers of electronic products for the consumer and professional markets. Sony is ranked 87th on the 2012 list of Fortune Global 500. Sony Corporation is the electronics business unit and the parent company of the Sony
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yahoo.comWP/04/64 Overview of the Indian Corporate Sector: 1989–2002 Petia Topalova © 2004 International Monetary Fund WP/04/64 IMF Working Paper Asia and Pacific Department Overview of the Indian Corporate Sector: 1989–2002 Prepared by Petia Topalova1 Authorized for distribution by Kalpana Kochhar April 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily
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1.0 Understanding the Importance of Corporate Communication: The companies and the organizations communicate through different kinds of channels. All these are defined under corporate communication. Every single types of communication are important for the organization. But before discussing the importance we have to know what corporate communication is. Corporate communication is a combination of different types of activities that are involved to establish a favorable relation between the stakeholder
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Executive Summary The Synaptic Corporation is a biotechnology company based out of San Diego‚ CA. The company develops drugs based on proteins and peptides. To date‚ one drug has been approved by the Federal Drug Administration (FDA) but there are two other drugs that are currently in clinical trials. Synaptic is a fairly large company with 1‚200 employees. The two main departments that are of issue are the Information Management (IM) and the Computational Biology department. There are no clear
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Question 1 Harnischfeger’s corporate recovery plan was a four pronged approach that involved (1) changes in top management‚ (2) cost reductions to lower the break-even point‚ (3) reorientation of the company’s business and (4) debt restructuring and recapitalization. These changes at first glance appear to have allowed Harnischfeger to improve its financial performance from a net loss of $3.49 per share in 1983 to a net gain of $1.28 per share in 1984. In addition‚ Harnischfeger has appeared
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