each part relevant to the understanding of responsibility and liability in the company by the company management. Introduction- will provide some information in the relation to the financial information. Why do we need it and how it has been develop across the years? It will also provide the base understanding of why we need the financial report and how he affects the responsibility or the liability of the company management. Liability versus responsibility- will provide some basics understanding
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in 2008. Porter and Kramer (2006: 80) declare that CSR is more likely to be advantages such as ‘opportunity‚ innovation‚ and competitive advantage’ for a company rather than disadvantages such as ‘cost‚ constraint or charitable deed’. This essay aims to explain and evaluate the extent to which this statement implies‚ and the benefits and drawbacks of CSR in terms of the short run and long run development in corporations. The complicated connotation of CSR results in the difficulty of understanding
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Introduction: The organization chosen for our analysis is North Delhi Power Limited (NDPL). The company is involved in the business of distributing electricity in the North and North West areas of Delhi. NDPL is a joint venture between Tata Power Limited and Government of Delhi. It was formed on July 1‚ 2002 as a result of the privatization of electricity distribution in Delhi. Purpose of the report: The report aims at analyzing the operational performance of NDPL‚ identifying the reasons for
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A THEORY OF VICARIOU S LIABILITY J.W . N EYERS * This article proposes a theory of vicarious liability which attempts to explain the central features and limitations of the doctrine. The main premise of the article is that the common law should continue to impose vicarious liability because it can co-exist with the current tort law regime that imposes liability for fault. The author lays out the central features of the doctrine of vicarious liability and examines why the leading rationales (such
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ECONOMICS‚ AND BUSINESS AGENCY PROBLEMS‚ LEGAL STRAGEGIES AND ENFORCEMENT John Armour‚ Henry Hansmann‚ Reinier Kraakman Discussion Paper No. 644 7/2009 Harvard Law School Cambridge‚ MA 02138 This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/abstract_id=####### This paper is also a discussion paper
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1. PART ONE 1.1 Introduction Haw Par Corporation Limited is a multinational corporation engaged in healthcare‚ leisure businesses securities and real estate investment‚ among which we will mainly focus on Haw Par’s traditional business sector-the healthcare segment‚ which includes 9 subsidiaries (Annual report‚ 2010). Based on revenues generated and locations of manufacturing facilities‚ two prominent geographical markets‚ Asia and America‚ are selected for discussion. We will look into the competitive
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Commercial Law Agency An agent is determined by law. Determined by the legal implications of what the person does. Must be acting for a principal cannot stand alone. (a)Agent has the legal authority to bind or incur liability for which the principal can be responsible. The primary role of an agent is to negotiate or conclude contracts on behalf of a principal. Actions are treated like that of the principal. Consent can be determined by the Court. (b)Agent is a person who is recognized by law as
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LIABILITIES OF THE DIRECTORS By: Course: Instructor: University‚ City‚ State: Date: LIABILITIES OF THE DIRECTORS A company is usually established by individuals or Directors (officers included) in this case so as to run it in appropriate manner in order to make maximum profits. For this to happen‚ it is for the company (Pandora Diamonds and Gems Pty Ltd in our case) to enter or make contracts with outsiders like Kaplan Bank Ltd and Space Solutions Pty
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CHAPTER ONE Introduction 1.1 Background One of the primary benefits of creating a corporate entity is to limit the liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern
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FIVE PROBLEMS FACING CORPORATIONS IN AMERICA Five Problems Facing Corporations in America Abstract Corporate America is faced with numerous problems such as bad corporate image‚ outsourcing‚ business ethics‚ layoffs‚ and bankruptcies. Companies are forced to react when these problems occur. Based on some of these major issues that have come to the forefront has forced many companies to implement programs geared toward managing their ethics and compliance issues. In this paper‚ I will address
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