Requirements for Valid Action at a Shareholder Meeting * Read statute‚ bylaws and articles * 1. Authority for the meeting * 2. Proper notice (or waiver of notice) * 3. Quorum * 4. Required number of votes cast in favor 1. Authority for Meeting * The meeting must be authorized * Look to statute and bylaws for authorization * Annual meetings MBCA §7.01 * Special meetings MBCA § 7.02 * Court ordered meetings MBCA § 7.03
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Contract law • Tax law • Accountng • Securites law • Bancruptcy • Intellectal property rights • Licensing • Zoning laws • And the specific to the business of the corporaton that they work for … COMMERCIAL TRANSACTION • Commercial transacton • An interacton between two or more partes in which goods‚ services or something of value is exchanged for some type of remuneraton. Some aspects of commercial transactons‚ such as truthful representaton and contract provisions‚ are governed by law. Remuneraton
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CLASS DISCUSSION TOPIC: Classification of Law Question Suzana came to see you‚ a legal officer in Biro Bantuan Guaman and related the following: Although she is from Penang and married a fine young man from Johor Bharu‚ they were married in Golok because her father had objected to her marriage. She helped her husband to set up a stall by using her RM10‚000 savings. She also actively participated in the business until she gave birth to their twins. Since then‚ she became a fulltime housewife
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DOMINGO‚ CPA BUSINESS LAWS THE LAW ON CORPORATION Corporation an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Attributes of a Corporation: 1. It is an artificial being •Doctrine of piercing the veil of corporate entity or corporate fiction This is the doctrine to the effect that the separate personality of a corporation may be disregarded if such
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we are going to explain the role of shareholders‚ directors and partners in the different types of business; and then we will see the importance of legal constraints on decision making within business organisations. 1- THE ROLE OF THE SHAREHOLDERS: There are no shares in the sole trader and partnership ownership; that is why shareholders do not apply in these two types of businesses. In Private Limited Companies‚ there must be at least two shareholders but no maximum number. The principal
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dilemma that every corporation faces when they have to make decisions regarding the firm’s profitability and their corporation’s social responsibility. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder‚ meaning those on whom an organization ’s activities have an impact. It was used to describe corporate owners beyond shareholders. The field of corporate social responsibility (CSR) has developed
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Sumptuary laws script Sumptuary laws are laws that are made for luxury and extravagance in the matter of appearance‚ food‚ furniture‚ but only for certain items. The laws were justified on religious and moral grounds. English merchants had a history of choosing what people could buy and could not buy. The Role of the Lord Chancellor: The Lord Chancellor was essentially a secretary‚ as he was responsible for supervising the King’s correspondence‚ and was in charge of the King’s Great Seal
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haunts our school as a warning to all future accounting students. However‚ as I read this case I did not have anything in mind other than trying to solve this situation from a judge’s standpoint. I thought I had an idea of where I stood on this situation until I tried to put myself in Mr. Myers’s shoes. After combining both of my stances‚ I have finally come to the conclusion that Mr. Myers should have never spent a day in jail. I believe it’s important to know the entire situation when it comes to
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“THINK BEFORE YOU POST” This is really the golden rule of online communication. Online communication is instant‚ wide-reaching and difficult to retract‚ so you need to be sure you want it out there before you put it out there. A couple of seconds re-reading your post‚ thinking about the photo‚ or running the worst-case scenario through your head can save you a lot of real-life pain. The only person you can trust to keep your private photos private is you. Once you send them to someone else‚ they’re
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| SHAREHOLDERS WEALTH MAXIMIZATION | 10/11/2010 About GSK - Our company Established in the year 1924 in India GlaxoSmithKline Pharmaceuticals Ltd. (GSK Rx India) is one of the oldest pharmaceuticals company and employs over 3500 people. Globally‚ we are a USD 45 billion‚ leading‚ research-based healthcare and pharmaceutical company. In India‚ we are one of the market leaders with a turnover of Rs. 1860 crore and a share of 5.2 per cent*. At GSK‚ our mission is to improve the quality of
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