BLO 2205 Corporate Law Assignment Semester 1 2013 INTRODUCTION Under the Corporations Act 20011‚ all the directors and officers must be under Common Law duties and Statutory Law duties to exercise their powers in order to carry on one company. It is essential for officers and directors to impose the legal duties for purposes of minimizing wrongful or illegal behaviors’ risks. Briefly‚ the main fiduciary duties and statutory duties contains duty to act in good faith in the interests
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the coat of philanthropy‚ shall that pass?" This quote by Emerson is very short‚ yet very powerful. Emerson speaking on a subject of philanthropy which has plummeted as good cause in the 21st century. However‚ some of the those early philanthropists during Emerson’s period of living were funding wars for fighting countries and would usurp the losing countries goods and liquidate their land and valuables; while receiving interest from the war victor. This act of philanthropy was later reversed
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CORPORATE HISTORY. Akio Morita‚ Masaru Ibuka‚ and Tamon Maeda (Ibuka’s father- in- law) started Tokyo telecommunications Engineering in 1946 with funding from Morita’s father’s sake business. The company produced the first Japanese tape recorder in 1950. Three years later‚ Morita paid Western Electric (US) $25‚000 for transistor technology licenses‚ which sparked a consumer electronics revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first
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contributions to the American society and the communities of English roots and heritages is the epitomic embodiment of philanthropic endeavors‚ the exploits were unequivocally the emanation of egoistic manifestations. 1. Philanthropy is not altruistic The reality of philanthropy is that it is‚ at least in part‚ about creating a good feeling‚ leaving a legacy‚ feeling part of a community‚ fulfilling personal aspirations‚ and the confidence-boosting knowledge that through these actions one can somehow
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There are two very different points of view on philanthropy that we may not have thought of before. There are some that give charity in the form of donations and there are others who give charity in the form of their time. Carnegie and Addams were two wealthy individuals who had vastly different perspectives on what philanthropy was supposed to look like in society. Carnegie brings about three different reason as to why someone’s well earned wealth would be distributed‚ and the benefits and loses
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and public libraries and research trusts (1835-1919) John. D. Rockefeller John Davison Rockefeller (July 8‚ 1839 – May 23‚ 1937) was an American oil magnate. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870‚ he founded the Standard Oil Company and aggressively ran it until he officially retired in 1897. Trust firm belief in the reliability‚ truth‚ ability‚ or strength of someone or something. Social Darwinism the theory that individuals
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In The Philanthropic Revolution: An Alternative History of American Charity‚ Jeremy Beer succeeds in his two-pronged effort to delineate charity from philanthropy‚ both in their actual practice and in their distinct origins‚ and to expose the long-ignored skeletons of philanthropy’s deep‚ historical closets. All of this is achieved in no more than 110 pages‚ and amounts to nothing less than a sheer testament to Beer’s intellectual acuity. Delicately balancing descriptive‚ historical narration and
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Corporate Finance Lecture Note Packet 2 Capital Structure‚ Dividend Policy and Valuation B40.2302 Aswath Damodaran Aswath Damodaran! 1! Capital Structure: The Choices and the Trade off Neither a borrower nor a lender be Someone who obviously hated this part of corporate finance Aswath Damodaran! 2! First Principles Aswath Damodaran! 3! The Choices in Financing There are only two ways in which a business can make money.
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journalist Peter Wilby is pretty skeptical regarding to Bill Gates and Warren Buffet’s interview. “Try paying fair wages and tax” even though he respects their choice of donating loads of money to charity‚ he thinks they should start somewhere else than philanthropy. He means that it would be a lot better if they just paid taxes and gave higher wages to their employees. Besides all that Peter Wilby means that the donators choose which and where the economical problems will be fixed first. He claims that it’s
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Andrew Carnegie grew up in Dunfermline‚ Scotland and immigrated along with his family to the United States in the late 1800s. He worked his way up from being a poor Irish immigrant to become one of the most famous industrialists that helped transform the U.S steel industry in the late 19th century. Andrew Carnegie was a hero in many ways. One reason why Andrew Carnegie was a hero was because of his influences on renovating the American steel industry which helped create the U.S a world power. Secondly
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