HP SCANDAL Case Facts In early 2005‚ Silicon Valley giant Hewlett-Packard found itself in the undesirable situation whereby confidential company information being leaked from its Board of Directors. Former Chairman of the Board‚ Patricia Dunn‚ ordered an investigation into the Board room leaks which encompassed two phases known as ‘Kona I’ and ‘Kona II’. Kona I started in early 2005‚ and was contracted to Security Outsourcing Solutions‚ Inc. (SOS) to perform this investigative work. The investigation
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Generally‚ the board of directors are responsible for the following duties: 1) duty of care – duty to make/delegate decisions in an informed way; 2) duty of loyalty – duty to advance corporate over personal interests; 3) duty of good faith – duty to be faithful and devoted to the interests of the corporation and its shareholders; 4) duty not to “waste” – duty to avoid deliberate destruction of shareholder value. There is no reason to believe that the duties of Vector’s board should be any different
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1.0 Background of JUSCO AEON ÆON Co. (M) Bhd. was started from Jaya Jusco Store Sdn. Bhd. In 15 September 1984‚ the first JUSCO store was established in Malaysia. In 1983‚ our Malaysian Prime Minister Dato’ Seri Dr. Mahathir (Now known as Tun Dr. Mahathir) visited Tokyo and then met the JUSCO Co. Ltd. President‚ Mr Takuya Okada to discuss the proposition of bringing JUSCO to our country. Luckily all of the talks ended with a positive note‚ and then Dr. Mahathir invited JUSCO to set up store in Malaysia
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Tyco: I’m Sure That It’s A Really Nice Shower Curtain Ann Samantha Nelson Columbia Southern University Business Ethics Tyco CEO Dennis Kozlowski worked for the company for 27 years. In the 27 years that Kozlowski worked for Tyco‚ he along with many other board members and employees looted millions of dollars from the company. In the beginning of his career at Tyco‚ it seemed that Kozlowski meant well for the company‚ considering he grew the company from $2 billion‚ it showed that he wanted
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CHAPTER 9 VARIATION OF TRUST 9.1 Introduction It means in what circumstances changes can be made in the terms of the trust. After a trust has been validly created‚ it becomes apparent that it might be better that original terms were altered. Hence‚ variation of trust allows the trustees to do things beyond their powers. CASE LAW: Saunders v/s Gautier: It states that changes can be made in the Trust. Hence‚ the general rule is that the original trust probate must be obtained and a breach of trust
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Case 3: The Insider I. Brief Summary In 2011‚ a stock trader of a well-known investment firm along with two alleged accomplices was convicted of insider trading. The lawyers allegedly browsed around their law firm picking up information regarding corporate deals and would provide it to a person who would then pass the inside information to the trader. This information was then used by the trader for him to earn millions of dollars. Since the information came from the lawyers‚ the trader would thank
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Answer 1 A – 1 B – 1 C – 2 D – 4 E – 1 F – 3 G – 2 H – 2 I – 1 J – 1 Answer 2 MEMO DATE: Sept 14‚ 2014 TO: Edward Sloane‚ Senior Audit Partner FROM: XXXX‚ CPA‚ CGA Subject: I have been auditing Vehicles For Hope Limited (VHL) for the last five years‚ however during my recent meeting with the accountant I was informed of several changes that have taken place during the last one year. I am writing this memo
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Issue: Whether directors of ABC Bhd had breach their duty as directors. Whether ABC Bhd can persue their claim against any other party related to ABC Bhd. Law: S.4(1) Company Act 1965 (CA1965) states that director includes any person occupying the position of director of a corporation by whatever name called and includes a person in accordance with whose directions or instructions the directors of a corporation are accustomed to act and an alternate of substitute director. For example‚ in the case
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The client wants to recommend governance changes with special emphasis on the board of directors. Evaluate the current board of Samsung Electronics. What are the strengths and weaknesses in the current board composition? How many directors can be classified as non-executive? How many can be classified as independent? What are your criteria’s for assessing director independence? Do you think changes need to be made to the current board composition? If no - why not‚ if yes - what changes would
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The Day After Case Names and Roles Case Name: The Day After Charlie Jones-Chief Executive Terminated after 23 years Russell Adams- Board Chairman Bill Handy- Chief Operating Officer Appointed by Charlie Jones liked by the board but not physicians/medical staff. Dr. Ralph Kemper- Chief Radiologist In cohorts with the additional radiologists Potential owner of Imaging Center Inc Russ Adams-bearer of bad news‚ personal friend. Background and Facts The cost per patient day was next
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