4. Responsibility of Corporations: Rationale‚ source and limits Whether there is social responsibility or obligation proper to speak of towards corporations is a topic of debate. However‚ the suspicious perception of business personnel towards CSR is understandable‚ essentially because the policy choices and actions of government may directly impact their operations‚ with a spillover effect on their responsibility to their stakeholders especially their employees and customers. a. Theoretical
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TAYAG v BENGUET CONSOLIDATED‚ INC. Facts: In this case there was an order issued by the CFI of Manila compelling the domiciliary administrator of the Trust Company of New York to surrender to the ancillary administrator in the Philippines the stock certificates owned by the deceased Idonah Perkins to satisfy the legitimate claims of local creditors. However‚ such company challenged the said order invoking some provisions of its by-laws concerning procedures to be followed in surrendering a stock
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Project Genesis | Atlantic Corporation | ACE Consulting Group | “A service we provide with excellence“ | ------------------------------------------------- Executive Summary The purpose of this report is to assess the viability of the acquisition of Royal Paper Corporation’s (Royal) Monticello mill and box plants by Atlantic Corporation (Atlantic). This will be conducted through the evaluation and analysis of whether this project is profitable
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Prime Commodities | Prevailing Prices as of | | 2 Jan ’03 | 6 Jan ’03 | 13 Jan ’03 | 20 Jan ’03 | 27 Jan ’03 | Processed and canned pork | | | | | | Luncheon meat‚ 200 g | | | | | | Swifts | | | | | | Purefoods‚ 210 g | 33.70 | 33.65 | 33.65 | 33.65 | 33.65 | Corned pork‚ 200 g | | | | | | Swifts | | | | | | Purefoods‚ 210 g | | | | | | Processed and canned beef | | | | | | Corned beef‚ 200 g | | |
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The recent strategic decision by the ABC to close their retail stores follows the ongoing trend moving to online avenues. The national broadcaster has announced the closure of all 50 ABC stores as they are no longer covering their costs. ABC Retail opened their stores 35 years ago as part of the ABC’s Commercial Division and sell DVDs‚ books‚ magazines‚ music collections‚ audio books‚ novelties‚ and console games. This case analysis will utilise internal and external strategy frameworks to critically
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BSAD 526 Managerial Accounting Case 8-35 Introduction Wyndham Stores operates a regional chain of upscale department stores. They plan to open another store in a prosperous and growing suburban area. The company’s Vice President of Marketing is in favor of buying the new building site and building a new building on the property. The projected cost for the new building is $14 million‚ according to the vice president of marketing. The problem with the vice president’s
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Unit: Store and Retrieve Information Learning Outcome 1: Understand processes and procedures for storing and retrieving information 1.1 - Explain the purpose of storing and retrieving required information The main purpose of storing information is for easy retrieval in the future when it is required. Storing certain information may be part of company policy. There will be procedures in place in order to make sure files are stored correctly and in line with data protection. Depending on the type
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Running Head: SIA Corp Case Study- SIA Corp. The situation in this case study demonstrates the need to consolidate employee knowledge into one system in an effort to improve overall company performance. SIA had acquired 30 separate businesses but they were still functioning like 30 separate companies. They each still had their own set of management and well-defined procedures and policies. As a result‚ most of the employees had developed their own areas of expertise. In the highly competitive
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Case Overview: Weymouth Steel Corporation in September‚ 1990 is having a critical time in finding out the ways to communicate the bad and good news to its salaried employees. An erroneous selection of time and communication channel selection may demoralize the workforce completely resulting in a disaster for the company. The good news is that the company management has decided to increase the salary and benefits of almost all the salaried employees regardless of their grades while on the other
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