ACCA Paper P1 Professional accountant Essential text British library cataloguinginpublication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing UK Unit 2 The Business Centre Molly Millars Lane Wokingham Berkshire RG41 2QZ ISBN 9781847107558 © Kaplan Financial Limited‚ 2009 The text in this material and any others made available by any Kaplan Group company does not amount to advice o
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The Company law is one of the most discussed subject areas over the past decades. In the United Kingdom is currently undergoing a major reform under the Company Law Review‚ which seeks mainly to modernise the legal framework in which companies operate. The Company law for nearly 150 years has served our economy well but significant parts are outmoded or have become redundant‚ and they are enshrined in law that is often unnecessarily complicated and inaccessible. Therefore‚ in July 2001 the Company
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FE1 EQUITY & TRUSTS NIGHT BEFORE NOTES 8 Key Topics for Revision • • • • • • • • Maxims Injunctions‚ particularly Interlocutory Quia Timet Injunctions and Anton Piller Orders Rescission Secret Trusts Charitable Trusts Resulting Trusts Trusteeship Tracing 1. MAXIMS This topic is usually examined as one part of a three part question‚ where candidates have to attempt two parts. It has always been a straightforward essay style question. In some years‚ the Examiner asked about their contemporary relevance
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Should CEOs be on the Board? By direction of the board‚ a foundation’s top executive staff person (titled CEO for this discussion) manages all aspects of the organization. CEOs typically oversee the foundation’s money‚ time and human resources and act as a liaison between the board and staff. Rather than keeping the CEO in a strictly managerial position‚ some boards award them a role in governance as well‚ offering the CEO full membership—and in some cases‚ voting rights—on the board. CEOs who sit
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What is Minority Protection? The protection afforded to minority shareholders by which to assert the rights of the company in an action for a wrong that is alleged to have been done to the company by the majority. Bit of history: Under the law as it stood until recently‚ aggrieved minority shareholders generally found it easier to kill off the company by petitioning for its winding up under the just and equitable ground. This was because of the procedural obstacles established in Foss v Harbottle
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Submitted to Management Science manuscript MS-10-01142.R2 Governance and CEO turnover: Do something or do the right thing?* Ray Fisman Columbia University‚ 823 Uris Hall‚ New York NY 10027 rf250@columbia.edu Rakesh Khurana Harvard University‚ Boston MA 02163‚ rkhurana@hbs.edu Matthew Rhodes-Kropf Harvard University‚ Boston MA 02163‚ mattrk@hbs.edu Soojin Yim Emory University‚ 1300 Clifton Road‚ Atlanta‚ GA 30322‚ soojinyim@emory.edu We study how corporate governance affects firm
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Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Stakeholder is a person‚ group‚ or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions‚ objectives‚ and policies. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
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1. Topic: Effective Board of Directors 2. Six Steps to Building an Effective Board By:Bruce R. Evans 3. Summary: The author Bruce R. Evans is a managing partner in Summit Partners’ Boston office. He has also been a member of more than 25 boards‚ which include 10 public company boards. He claims that when a Board is working effectively it is a big part of the company’s success. However‚ an ineffective board can be distracting and cause liabilities for the company. Through his experiences
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Tyco International What are the ethical and legal issues in this case? The ethical and legal issues at Tyco International range from discrimination‚ accounting fraud‚ grand larceny. The issues involved cohesion on the part of the CEO‚ and the members of his team. In addition‚ they placed great emphasis on placing their own values ahead of what was good for the organization. What role did Tyco’s corporate culture play in the scandal? What roles did the board of directors‚ CEO‚ CFO and legal
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Situation- Albert Dunlap was known for turning around badly shaped companies into profitable companies. Through his radical restructuring and downsizing methods‚ he created shareholder value. At Scott Paper‚ Dunlap fired 35% of all the employees and 71% of the corporate staff raising the stock price from $38.00 to $120.00 and sold the company to Kimberly Clark for more than $6B. Due to his past success‚ Al Dunlap was hired to turn around Sunbeam. Sunbeam had a long period of management and
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