CORPORATE FINANCE Formative Assessment Some reading: Adams‚ R. B.‚ Hermalin‚ B. E.‚ and Weisbach M. S. (2010) The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey‚ Journal of Economic Literature‚ Vol 48‚ No.1‚ pp. 58–107. Aggarwal‚ R. et al (2009) Differences in governance practices between US and foreign firms: measurement‚ causes and consequences‚ Review of Financial Studies‚ Vol. Bhagat‚ S.‚ and Bolton B. (2008) Corporate Governance and Firm
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capital is spent‚ how resources are allocated and what endeavours are undertaken by the company but do not themselves own the capital or resources. Experts in corporate and securities law‚ management consulting and academia have wrestled with reconciling the divergent interests of those who own corporations and those who control them. The corporate scandals - ENRON (2001)‚ WORLDCOM (2002)‚ Vivendi (2002) and Tyco (2002) - have shown that there are unresolved tensions. Whilst at the banquet of statutory
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Corporate stakeholders and their roles A corporate stakeholder is a party that affects or can be affected by the actions of the business as a whole. Corporate stakeholders can also refer to those groups without whose support the organization would cease to exist. The following are some of corporate stakeholders and their roles: Employees An employee is a person in the service of another under any contract of hire‚ express or implied‚ oral or written‚ where the employer has the power
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CORPORATE SOCIAL RESPONSIBILITY Market Place As the leader in the bottled water industry in Malaysia‚ in dealings with our suppliers‚ customers‚ shareholders and other stakeholders‚ Spritzer holds firm to corporate ethics which include doing business responsibly and in the interest of our stakeholders in the long term. The Group practises the principals of good corporate governance and ethical business conduct‚ in addition to complying with the rules and regulations of the law. Spritzer’s commitment
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Tyco International- Corporate Malfeasance Case Summary Tyco began in 1960 when it was founded by Arthur Rosenberg and started as an investment holding firm. In 1973 Joseph Gaziano took over for Rosenberg as CEO and pursued many hostile acquisitions. He was successful and was able to grow the company to a net worth of $140 million before he passed away in 1982. The CEO who took his place was John Fort who came in with the basic strategy of maximizing shareholder wealth through dramatically
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CORPORATE SOCIAL RESPONSIBILITY The term social responsibility means different things to different people. Generally‚ corporate social responsibility is the obligation to take action that protects and improves the welfare of society as whole as well as organizational interests. According to the concept of corporate social responsibility‚ a manager must strive to achieve both organizational and societal goals. Current perspectives regarding the fundamentals of social responsibility of businesses
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Mallory ordered the corporate treasurer to cover his mortgage payments of $20‚000 per month using Techno-Corp funds. Subsequently‚ when Techno-Corp began to have financial trouble Mallory borrowed a $1 million unsecured loan in the corporation’s name from Milhouse‚ a wealthy investor. Mallory was given express authority to borrow money for Techno-Corp; unfortunately‚ he has defaulted on this loan. Is Techno-Corp or Mallory liable to Milhouse for the $1 million corporate loan? RULE The general
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IV. Internal Environment (IFAS Table; see Exhibit 2) A. Corporate Structure 1. BBY corporate structure has many subsections that help differentiate the brand. In Europe they are known under Carphone Warehouse‚ Canada they run as Future Shops and in China they operate under Jiangsu Five Star. Nevertheless‚ the structure is the same and all reporting goes up a chain of command‚ and policies and procedures follow it. 2. Cooperate structure is comparable to a network structure in terms of operating
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CORPORATE SECRETARY’S CERTIFICATE I‚ Kenneth P. Reforma‚ of legal age‚ Filipino‚ with residence and postal address at 26 M. Bonita St.‚ Jubileeville Subd.‚ Brgy. Masaya‚ Bay‚ Laguna‚ being duly sworn to in accordance with law hereby certify: 1. That I am the duly elected Corporate Secretary of the University of the Philippines Engineering Students’ Guild‚ a corporation duly organized and existing under and by virtue of Philippine laws with principal place of business at the University of
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Corporate Golf is a term coined for the group of people from corporate world playing Golf on regular basis‚ either for fun or for business. They keep the Golf courses busy across the Globe where ever Golf is appreciated. Corporate firms are large organizations with influential decision makers‚ professionals‚ high profile personnel and Golf has always been associated with being elite and sophisticated. This is what makes Corporates and Golf go hand in hand. It will be suffice to say that Corporate
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