Introduction The main concept in the assignment is about corporate personality. First of all‚ we need to clarify the meaning and characteristics of company. In short‚ company means a body of persons combined for a common object. A company exist there must be a group of persons that more than 1 persons. In eyes of law‚ a company is a separate legal personality from its members. In Section 16(5) CA1965‚ it stated that a body corporate obligations and liabilities are its own‚ and not those of its
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Corporate Restructuring is the corporate management term for the act of reorganizing the legal‚ ownership‚ operational‚ or other structures of a company for the purpose of making it more profitable‚ or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure‚ demerger‚ or a response to a crisis such as positioning the company to be more competitive‚ survive a currently adverse economic climate‚ or poise the corporation to move
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Module Title: Company Law Company Law Assignment – Question A In this assignment‚ I will identify the theory of a corporate personality‚ demonstrate why companies exist autonomously from their promoters or owners‚ introduce the concept of a company having a corporate veil‚ and finally to identify why there is such controversy around the notion of a court lifting the corporate veil‚ with a focus on ‘sham’ companies. The theory of a company having a separate legal personality comes from the introduction
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these‚ there are hidden realities that would surprise one. Even services such as corporate hospitality come under this understanding because of the fact it masks the relationship of companies and their clients. Though it boosts productivity and promotes better relationships it is nevertheless a means of covering up failures and misunderstandings and promotes closeness between companies and clients. In discussing corporate hospitality‚ one can assert that its importance is immense because of the fact
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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Corporate veil Introduction With the contemporary appreciation of the separate entity principle in courts‚ it has become increasingly difficult to predict the outcome of cases with precision as in the case of Salomon v. Salomon & Co Ltd (1897). Separate corporate personality has been firmly recognized by common law after the verdict given in the case of Salomon v. Salomon & Co Ltd (1897). It was confirmed that a corporation has legal right‚ personality‚ and obligations completely divergent
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CORPORATE GOVERNANCE INTRODUCTION This corporate governance statement describes our corporate governance framework‚ policies and practices as at 4 November 2013. Framework and approach Our approach to corporate governance is based on a set of values and behaviours that underpin day-to-day activities‚ provide transparency and fair dealing‚ and seek to protect stakeholder interests. This approach includes a commitment to excellence in governance standards‚ which Westpac sees as fundamental
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The implications of downsizing (rightsizing) to the employees‚ communities‚ and families of the Corporate Downsizing What ever happen to the American Dream? Although our economy is struggling daily‚ our government at this point is still not willing to call it a recession. Due to the affect of corporate downsizing people are losing their jobs‚ homes‚ cars‚ families‚ and everything else of any worldly possession. This is happening on a daily
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Corporate Strategies MGT/230 November 24‚ 2014 Corporate Strategies Strategies During our group discussion‚ it was agreed that all the CEO’s in the video valued their employees and treat them as a team. They all found a way to take advantage of their employees in a way that would result in positive effects for their companies. The strategy each CEO chose to take resulted in a respect among the higher level employees and the lower level of employees. The two corporate strategies the four
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Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization‚ revitalizes and renews an organization ‚or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests aformal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments‚whereas sathe(1985) defines corporate entrepreneurship as a process
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