Question 1: Discuss the following questions. Shareholders elect a board of directors to elect (i.e.‚ hire)‚ direct‚ and monitor the top executives of the firm‚ with the intent of having the firm managed in a way that is beneficial to the shareholders. Why is it then that we sometimes see unfortunate examples of executives bilking investors (e.g.‚ Enron‚ Worldcom‚ Tyco‚ and Adelphia)? Do changes need to be made in the way that shareholders control the firm’s top executives? Shareholders have the
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Why is it important to have a policy protecting children? This is a statement of intent that demonstrates a commitment to safeguard children involved with a charity from harm. The essential inclusions for a child protection policy are outlined below: the welfare of the child is paramount; all children without exception have the right to protection from abuse regardless of gender‚ ethnicity‚ disability‚ sexuality or beliefs; the policy is approved and endorsed by the board of trustees; who
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A trust is simply a legal body which allows holding of property.With a few exceptions‚ a trust may be created by any person who owns certain property. A trust may be created either during ones’ lifetime‚ also known as ‘Inter Vivo (IV)’‚ or after death by will. There are two ways of creating a trust‚ by transfer in shares and by declaration. On one hand‚ the settlor may opt to transfer property to a trustee who is meant to hold the property on behalf of the beneficiary. The obligations of the trustee
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1.0 Introduction In this decade‚ we have seen an increase in women ’s participation in the board of director. Previously‚ we can see around the world‚ every board of director of a single company led by men only. But‚ over the time‚ women are slowly absorbed into the board of director and they play a great role as well as a good impact in the improvement of the company. A new study suggested that‚ putting women on boards of directors is a good way to make companies more profitable and better governed
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Time for an End Run? November 29‚ 2014 Scotia Assurance‚ a 150-year old UK insurance company‚ is ending a bad year as the company is being investigated for a securities fraud scandal. The CEO and his chosen successor‚ the CFO‚ have been forced to resign. Arlyn James‚ the head of human resources‚ would like to take the opportunity to improve the current situation and recommends some changes to the company. Arlyn shares her suggestions with the chairman of the board but he does not
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Name: Lam Kai Yip Student ID: 13115497D Seminar group: SEM003 Tutor’s name: MEZZANOTTE Felix Introduction Before making any discussion on statutory derivative action (SDA) and common law derivative action (CDA)‚ we need to define what they are. Salim (2013) established the meaning of CDA: The common law derivative action is based on two principles‚ the ‘majority rule’ and ‘proper plaintiff rule’‚ stated in the case of Foss v Harbottle (1843). The ‘majority rule’ means simply that the wishes
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This question involves the rights and duties of the members in their dealings with each other and with the company. The articles of association are the primary source of the provisions determining these internal relationships‚ and they will form the basis of this question and also be combined with aspects of directors’ duties‚ variation of class rights and s459 of the Companies Act 1985. I will split the issues that arise in this question into two parts. The first part would be to deal with Sheila
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When assessing the economic damage to due to Paul Thayer and those that he tipped off about the acquisition of Campbell Taggart‚ it should be noted that some argue that this kind of insider trading circulates information and forces the stock to its “true value.” If we assume this argument to be flawed‚ then part of Anheuser-Busch stock dip after the announcement was due to the insider trading and the fact Anheuser-Busch probably paid more to acquire its target. Thayer and his friends trade the Campbell
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Discretionary Trusts and the concept of a sham trust. (a) The central theme regarding trusts is that they are assets that are legally owned by the trustees and not the beneficiaries. In a discretionary trust‚ the trustees have discretion as to who among a class of beneficiaries should receive income and/or capital under the trust and in what proportion (e.g. Mettoy Pension Trustees Ltd v. Evans [1990] 1 WLR 1587). So until a beneficiary is chosen to receive income or capital‚ they do not possess
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Nanyang technological university AC 208-Written Assignment Name: Seah Wei Ting Pauline Matriculation card no: 080298K04 Seminar Group 4 Tutor: Prof. Marc Wang Han Ming Word count: 1200 words The issue in this case is whether the purchase of 0.2% of Good Build’s shares by Seng Huat (“SH”) has affected the deemed and actual interests of the directors and shareholders that would directly implicate the register of directors’ shareholdings and register of substantial shareholders
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