Do high levels of trust between workers and management lead to better performance? There is a direct link between a high or low level of trust between the workers and management within a corporation and the productivity growth. Corporation must be willing and prepared to make small but regular investments that are required‚ and there will be a high substantial return‚ both in material and a healthy labour management climate. There are mainly three concepts that describe the working climate within
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Deutsche Bank and Bankers Trust merger Информация о компаниях и самом слиянии Deutsche Bank (Germany) and Bankers Trust (US) reflect different cultural realities. The main differences between them concerning cultural dimensions include such points as: Long-term orientation. On this index the Germans score 83 while the Americans score only 26 what means that unlike the Americans the Germans are very pragmatic people‚ they show an ability to adapt traditions easily to changed conditions‚ a strong propensity
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study Malaysia introduced the unit trust concept relatively early compared to its Asian neighbours in 1959; a unit trust was first established by a company called Malayan Unit Trust Ltd. The unit trust industry in Malaysia has therefore a history of more than four decades. The unit trust industry was characterized by slow growth in the sales of units and a lack of public interest in the new investment product in the first two decades. There is only five unit trust management companies were established
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Secret trusts arise where a testator explains to X that they want property to be held on trust for Y and then leaves the property to X in their Will. It is also possible that a secret trust arises where in reliance on a promise to implement the trust by X‚ no Will is made (Strickland v Aldridge 1804 9 Ves 516 REF1). The onus of proving a secret trust is on the person claiming that it exists‚ on the balance of probabilities - the ’ordinary civil standard of proof’ (Re Snowden 1979 3 All ER 172 REF2)
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Non-charitable purpose trusts can be defined as ’private trusts intended to benefit purposes rather than beneficiaries’ . If the certainty of object is not qualified‚ then the trust usually fails because it is ’administratively unworkable’‚ this is often the case therefore for trusts which are merely established for a particular purpose rather than for a specified human beneficiary. Purpose trusts have been established and largely defined in case law‚ namely Re Astor’s Settlement Trust [1952] . An inter
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of trust and effecting disposition of beneficiary’s interest Proving declaration of trust: In order to prove declaration of trust all types of evidence are admissible. Exceptions: a) Trust of land where the declaration has to be manifested and proved by some writing (Section 7 of Statute of Fraud Act 1677; Section 53(1)(b) of Law of Property Act 1925). The reason for this rule is to prevent fraud (Youdan). The written evidence can antedates or postdate the declaration of trust.
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TAXATION OF INCOME TRUSTS IN CANADA: EFFECTS ON STRUCTURE‚ CONDUCT AND PERFORMANCE P. L. ARYA Abstract: Income trust as a business structure became increasingly popular in Canada since 2003. Income trust structure gave companies advantage of shifting their tax burden on to the investor. The investor‚ on the other hand‚ received steady and higher than the market rate of return on invested capital and also received capital gains in the form of ‘return of capital’. When large Canadian corporations
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Question i. Knight v Knight set out three requirements for a valid trust. To satisfy the first requirement‚ certainty of intention‚ James must have made it clear that he intended for it to be made a trust‚ rather than a gift‚ as shown in Jones v Lock. The words used in this instance‚ that Kath is mentioned as a trustee and that has absolute discretion when distributing the money‚ can be said to afford a clear intention to create a trust. To satisfy the second requirement‚ certainty of subject‚ it is
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When he comes out and tells her what happened and why it happened‚ she begins to cry even harder. He looks at her and apologizes for lying. “I’m really sorry for hurting your best friend He and I really do not want to lose you as a friend.“ She is one of the very few friends that he has. She looks at her and says “ Never talk to me again. I can’t believe you lied to me and you killed my best friend all in the same day. How selfish of you. “ He looks at her and says
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ACKNOWLEDGMENT First of all I like to thank the God almighty who gave me strength to develop a Thesis on the topic “Prospects of Real Estate Investment Trust in Pakistan” then I like to give a vote of thanks to the Institute of Business & Technology‚ which provided me with the opportunity to conduct a research on this critical issue. I highly value the help provided and the efforts made during this research by the faculty members specially the advisors. I further express gratitude to all my
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