Question 1 (1) The maintenance of share capital principle is share capital. Share capital is the contribution made by shareholder by subscribing shares of the company. A company’s creditors can only look to the share capital for payment in the event of a winding up. A general rule known as the rule in Trevor v Whitworth was established in order to protect shareholders and creditors. It prohibits a company from reducing its share capital due to a reduction in capital would prejudice the rights of
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Power is a major issue in all of the villages where electricity is still a far away wish. Once the sun falls the whole area is actually covered in darkness except for kerosene lamps or the likes of it. Harnessing solar energy in order to satisfy our energy needs can be a practical and environmentally friendly method to burning precious fuel. Solar power companies can easily help us do this with their knowledge and experience in this field. Except for the initial cost of the accessories‚ solar energy
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Narrative Therapy Narrative Therapy was developed by Michael White and David Epston. Narrative Therapy is a method of therapy that attempts to separate the person from the problem. It is used as a form of community work and counseling and encourages people to rely on their own skill sets to minimize the problems that exist in their everyday lives. It holds the belief that a person’s identity is formed by our experiences or narratives. Because the problem is seen as a separate entity from the
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Milton Friedman • Is business social responsibility the same as socialism? (page 50) o Yes‚ Friedman argues‚ since political mechanisms‚ not economic mechanisms‚ determine the allocation of resources - that is‚ the corporate CEO decides who should get what‚ rather than the market • Corporate executives are agents of the owners‚ i.e.‚ the stockholders - they should not be spending someone else’s money to advance a particular agenda o to do so is equivalent to taxing and the CEO becomes a civil servant
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technical experts etc.… Russia had a minuscule business class and the majority of Russian peasants had limited mobility which stopped migration and therefore prevented them from joining the workforce in new manufacturing industries. Further on‚ Russia did not have sufficient funds to invest in economic
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[회사 이름 입력] Ethical Decision-Making in Business THE302 Business Ethics Ms. Ariane Lellmann Due Date: 31/May/2012 Student ID: 201212068 2045 words Executive Summary In one of two dilemmas Mr. Owen is facing‚ he decided not to inform the guests about the construction. In narrow view‚ he is responsible for profit maximization for his shareholders. Even though he was not honest to his guests‚ his action is considered as morally right since different situation makes different
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Corporate Governance Case Studies Edited by Mak Yuen Teen Foreward Strong corporate governance and transparency are critical for business success. For investors‚ good governance is a good indicator of wellmanaged‚ resilient businesses. For companies‚ a measure of success is the ability to internalise the values‚ spirit and purpose behind governance rules. While the governance standards in Singapore have brought us to where we are today‚ we have some way to go if we want to be seen as leaders
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leading to Growth Strategy for Virgin Introduction This report closely examines the Virgin Group’s corporate strategy / rationale and identifies the relationships namely of strategic nature within the Virgin Empire. Virgin’s value adding qualities shall be discussed and the main issues faced by Virgin shall be identified and categorically solutions recommended respectively. Corporate Rationale The Virgin Group comprises of an assorted mix of businesses. It has its “finger in every pie”‚
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dimension E) The voluntary responsibilities dimension Points Earned: 2.5/2.5 Correct Answer(s): C Correct 4. Which of the following is not a provision of the Sarbanes-Oxley Act? A) Strengthens penalties for corporate fraud B) Discourages the creation of ethical and legal compliance programs C) Requires codes of ethics for financial reporting in corporations D) Makes fraudulent financial reporting a criminal offense E) Requires greater transparency in financial reporting Points Earned:
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Corporate Governance – The Role of the Audit Committee Deborah L. Lindberg‚ D.B.A. Associate Professor Department of Accounting Illinois State University April 2004 Direct all correspondence to: Deborah L. Lindberg‚ Illinois State University‚ College of Business‚ Department of Accounting‚ Campus Box 5520‚ Normal‚ IL‚ USA 61790-5520; Telephone: (309) 438-7166; Fax: (309) 438-8431; E-mail: lindberg@ilstu.edu. The Katie School of Insurance & Financial Services at Illinois State University‚
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