because Mr Shafron was the company secretary of James Hardie Industries Ltd (JHIL)‚ and secondly‚ because Mr Shafron was a person who makes‚ or participates in making decisions that affect the whole‚ or a substantial part‚ of the business of the corporation. On appeal‚ Mr Shafron argued that the duties practiced by him as company secretary were limited to company secretarial functions‚ and did not extend to general counsel functions such as providing advice to the board about the Australian Stock
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2013/10/22 AUE1601 Revision slides Topics 1 – 8 Charlene Roets CA(SA) M.Com B.Compt (Hons) 012 429 6079 roetsc@unisa.ac.za Disclaimer Kindly note that these slides are for extra revision purposes. It should by no means replace your study material. All material covered in topics 1-8 of your study guide is examinable (including all tutorial questions). Nothing in these slides are more important than the rest of your study material. Please note that these slides are only available
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[Section 126] stated that a company is allow to contract through an agent and a company will be bound by the acts of its agents in the same way as any other principal. An agent’s acts bind the company into a contract with an outsider when rules of agency law applied. In this case an agent’s apparent or ostensible authority arise. This authority arise because when the receptionist represents Harry out to Micky and Harry did not specify that he wasn’t the factory manager‚ given Micky the impression that
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Literature Review 2.1 History of the air-conditioner Air-conditioner was invented based on invention of refrigerator. The history was told that the Chinese were the first to store natural ice and snow to cool wine and other delicacies. Evidence has been found that ice cellars were used as early as 1000 B.C. in China. Early Greeks and Romans also used underground pits to store ice. Ancient people of Egypt and India cooled liquids in porous earthen jars. Ice was produced due to vaporization
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Multinational Corporations and the Realisation of Economic and Social Rights Daniel Aguirre( 1. Introduction Although the traditional view of human rights law concerns the relationship between the state and the individual‚[1] increasing attention has been focused on private actors and their effect on human rights. Private actors have duties under international law. This has been confirmed through judicial decisions and treaty interpretation‚ and highlighted by academic
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As the world has become more globalized‚ more Americans work for multinational organizations. Working for a global company provides some advantages to you relative to working for a domestic business‚ but it may also lead to some challenges. While each global company is different‚ it helps to weigh the pros and cons of a global culture before accepting a job with a multinational enterprise. Career Opportunities Working for a larger company offers more job opportunities. But a multinational company
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James’ powers under the Corporations Act. In Corporations Act‚ S198E‚ 201F and 202C contain certain provisions that govern the operation of single director companies. These provisions apply whether or not the single shareholder company has adopted a constitution which include: The director may appoint another director by recording the appointment and signing the record: s 201F. The director may exercise all of the powers of the company except any powers that the Corporations Act or the company’s constitution
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com/cms/s/0/7a28d7c0-2e28-11e0-8733-00144feabdc0.html#axzz2O47x5Ijp [Accessed 20 March 2013]. Gatignon‚ H. & Anderson‚ E.‚ (1988). “The multinational corporation’s degree of control over foreign subsidiaries: an empirical test of a transaction cost explanation”. Journal of Law‚ Economics and Organization‚ 42‚ pp.305-36. Ghemawat‚ P.‚ (2001). "Distance still matters: The hard reality of global expansion". Harvard Business Review‚ 79(8)‚ pp.137-47. Harzing‚ A.‚ (2001). "Aquisitions Versus Greenfield Investments: INTERNATIONAL
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Week 6 - Discussion Post 5 - Jeffry Reed In a global economy‚ what is the impact to a business if a country enacts strict employment laws? If a country enacts strict employment laws‚ the scope of impact can be favorable to everyone involved or can be detrimental to business operations. For example‚ suppose there are two organizations competing in the marketplace; Company A and Company B. Company A has an excellent business plan with efficient operational procedures that allow them to be competitive
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Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
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