The Law of Directors Duties The law of Directors Duties stems from the systems of corporate governance in order to ensure that the persons occupying higher positions within the company will take good care of the company‚ as well as not act in a way that will create deficiency. There are 3 sources to the legal duties: the common law; the principles of equitable fiduciary duties; and the statutory duties stated under the Corporation Act section 180-183(Harris‚J.‚ 2008). The penalties of breach
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Board of Directors Apple’s Board of Directors (BOD) is composed of seven members. Out of the seven directors‚ six of them are males; Steve Jobs age 54‚ William Campbell age 69‚ Arthur Levinson Ph.D. age 60‚ Ronald Sugar age 61‚ Millard Drexler age 65‚ and former vice president Albert Gore Jr. age 62 and one is a female Andrea Jung age 51. The average age for the board is 60 years old. The members of the board bring into Apple a vast experience from retailing‚ governmental‚ engineering and technological
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Lydia Butler Board of Directors Apple A. Board of Directors 1. William V. Campbell Chairman Intuit‚ Inc. (external) 1983 Tim Cook CEO Apple (internal) 2011 Millard S. Drexler Chairman and Chief Executive Officer J. Crew (external) 1999 Albert Gore‚ Jr. Former Vice President of the United States (external) 2003 Andrea Jung Chairman and Chief Executive Officer Avon Products‚ Inc. (external) 2008 Arthur D. Levinson‚ Ph.D. Chairman and Chief Executive Officer Genentech
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‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement? Introduction A company is a distinct legal entity created by statute. Companies have many of the same legal rights and obligations as do individuals. They can own and sell property‚ they can hold profits or acquire debts‚ they can enter into contracts and sue or be sued‚ and governments can tax them. Companies are advantageous primarily because they become legal entities that are separate and
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Summary; the Board of Directors Board of director work as a bridge between management and shareholders‚ appointed by shareholders. Through this forum those who do not have opportunity to protect their right (minority shareholders‚ lenders‚ and society) can influence those who run the company. If the board is effective and responsible‚ quality of governance will be good‚ overall performance of the company will be increased and all the stakeholders will be happier and if the board is ineffective
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Export Credit Guarantee Corporation of India Ltd [Pursuant to 384th Meeting of Board of Directors dated 8th February‚ 2013 Agenda No: A-15] CUSTOMER GRIEVANCE REDRESSAL POLICY 1. The Grievance redressal mechanism of an organization is the gauge to measure its efficiency and effectiveness as it provides important feedback on the working of the Organization. The main purpose of a Grievance Policy is to place an appropriate mechanism whereby the Customer who believe(s) that he/ she has been wronged
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Directors: Qualification/disqualification‚ appointment‚ duties and liabilities of directors. Also‚ explain ‘independent directors’ and their responsibilities. Company law in Malaysia is governed by Companies Act 1965. This Act is modelled on English Companies Act 1948 and Australian Uniform Companies Act 1961. Therefore‚ references will be made to English and Australian cases for interpretation of the law on certain areas. In every company there are directors to manage and direct the company.
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of a non-executive director as ‘custodian of the governance process.’ A non-executive director (NED) sits on the board of company just as a normal executive director would do so‚ however a non-executive director does not form part of the executive management team of the company. Essentially they are not an employee of the company or affiliated in any way other than their role as an independent NED. The distinction between a non-executive director and an executive director is illustrated in Equitable
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Position: Director of Volunteer Services 1. What does this position entail? What/who are they responsible for? In my opinion‚ director of volunteer services is mostly in charge of coordinating volunteers‚ organizing voluntary events and helping the community to get more united by providing volunteer opportunities. According to payscale.com‚ they also” assist with volunteer recruitment and selection‚ participate in training for internal and external individuals” (n.p.). I think they are responsible
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28 17 31 83 E-Mail director@liba.edu Website www.liba.edu Not Applicable II. Name & Address of the Director Name Dr. P. Christie S.J.‚ M.Sc.‚ M.B.A. (St. Louis‚ USA)‚ Ph.D. (St. Louis‚ USA) Address Jesuit Residence Loyola College 1‚ Sterling Road Nungambakkam Chennai STD Code 044 Phone No. (O) 28 17 71 00 Fax No. 28 17 31 83 STD Code 044 Phone No. (R) 28 17 82 00 Fax No. --- E-Mail director@liba.edu Mobile Phone
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