5. Director’s Duties Director’s Duties are part of the idea of risk management; because they take risks all the time‚ they require a certain element of regulation. The law must provide a way of mitigating against the risk‚ so creditors and shareholders can have potential recourse. This is all done indirectly; the company will recover in the event of a breach of duty arising. If the company recovers and suffers no harm‚ then that protects shareholders and makes sure their investments are secure.
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of Hampton Park Pty Ltd (HP) has four directors; William (Managing Director); Susan‚ Jack and Gail (Non-executive directors). As HP’s financial position begins to deteriorate‚ George‚ the Chief Financial Officer of the company advises the accounts still show a profit and the company would have a solid base to pay out a dividend to its members. In July 2010cHP’s financial state worsens however George declares a technical profit and advises HP can still declare the dividend. June 2010 there was a change
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------------------------------------------------- Estee Lauder Companies ------------------------------------------------- Ethical Strategy Analysis Jennifer Isikwe Analysis of the Ethical Strategy of the Estee Lauder Companies I. Background Information A. Brief History B. Other Relevant Information (Industry‚ environment‚ etc) II. Analysis of the Ethical Strategy A. Stated Ethical Strategy 1. Philosophy section of the mission statement 2. Explicit statements about ethics
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Annette Morris Mark Mills English Comp 2 November 29‚ 2010 Do Not Resuscitate: Moral and Ethical Dilemma Who has the right to take one ’s life from them? The Supreme Court says that no man shall take the life of another man without punishment. The Bible says‚ "Thou shalt not kill" (Exodus 20:13)‚ yet humans still kill their own kind. How is DNR different? Wikipedia’s definition of DNR or Do Not Resuscitate is “A do not resuscitate document‚ often called a living will‚ is a binding legal document
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Fiduciary Duties of Directors 1) Duty to act in good faith in the interests of the company In Re W & M Roith Ltd [1967] 1 All ER 427‚ the controlling director of a company had given many years services without having a service contract. He was then given a service agreement providing for payment of a pension to his widow if he died while still a director. He was already in poor health at this time and he died two months later. The pension was paid for several years and then the company went into
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INTRODUCTION Shareholders and members of the company always own the number of remedies to against the wrong in process of managing company. It can be seen that in the different situations will be applied different remedies for each members and officers of the company. On the facts available‚ there are two issues to be discussed. The first issue is what have Don breached his directors’ duties under the act in good faith and best interest of the company as well as disclosure personal interest. The
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Distillation of Alcoholic Beverages Pamela Mallari*‚ Symon Manuel‚ Katherine Merene and Charlene Mondelo Department of Chemistry‚ University of Santo Tomas‚ Manila‚ Philippines Abstract Distillation is a physical process used to separate chemicals from a mixture by the difference in how easily they vaporize. This experiment aims to (1) compare the efficiency of simple and fractional distillation‚ (2) distill and calculate the % of ethanol and (3) determine the % loss in distillation. Two
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DUTIES OF DIRECTORS Directors of a company normally have exclusive power to manage the company’s business and exercise its powers. At common law‚ the duties were owed to the company‚ to employees‚ to individual shareholders and creditors. 1.0 Duties of Directors to the company It is convenient to categorise the duties of directors into fiduciary duties which arise because they are quasi-trustees of the assets of the company. The word ‘fiduciary’ refers to trust and confidence. ‘A fiduciary is
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DUTY OF CARE Duty of Care The legal definition for the term ‘Duty of Care’ means that person acts towards others and the public with watchfulness‚ attention‚ caution and prudence that a reasonable person in the same circumstances would. If a person’s actions do not meet this standard of care then their acts are considered negligent and any damages resulting may be claimed in a lawsuit for negligence. ‘Duty of Care’ means that whilst we are responsible for another persons wellbeing we must
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DUTIES AND RESPONSIBILITIES 1 DUTIES AND RESPONSIBILITIES OF LEADERSHIP POSITIONS As everybody know‚ to be responsible and accomplish with your duties‚ is one of the most important things around the world in the labor area. Without being responsible and do whatever you are supposed to do‚ practically‚ you are out of your job. As and future officer of the United States Army‚ we must know which ones are our duties and responsibilities in order to accomplish them and make our team look sharp and right
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