Principles Nonmaleficence: Do No Harm -the avoidance of harm to others (both psychological and physical harm) (both intentional and unintentional harm) The ethical obligation to intervene increases with the magnitude and risk of harm. Beneficence: Act to Benefit Others -the obligation to make a positive contribution to another’s welfare -the promotion of personal growth -Beneficence often needs to be balanced against doing harm‚ to doing no harm to
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Relevant Basic Definitions Trust is defined as an equitable obligation‚ binding a trustee to deal with property over which he/she has control for the benefits of beneficiaries. A trustee could be a beneficiary as long as he/she is not the only one. Trustee is the person who is the legal owner and controller of the trust property. The trustee‚ who is usually appointed in the trust deed‚ manages the trust on behalf of the beneficiaries and is held accountable by being subject to fiduciary duties.
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become reformers. Empathy‚ sympathy‚ and pity all reveal how emotions have the power to create this false sense of obligation. They evoke this need for action by constructing the thought of I should which many times transforms into I must. The “Moral Debate” summarizes this phenomenon when the individual states‚ “Essentially‚ if one understands another and their pain‚ a moral obligation is thus created.” Later‚ the individual adds‚ “Some could create a meaning or create an understanding that compels
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EUROPEAN UNION‚ BINDING ACTS AND ADAPTATION OF THE ITALIAN NATIONAL LAW TO THE COMMUNITY. The Treaty of Lisbon‚ signed on 13 December 2007 by the Heads of State and Government‚ was subject to ratification by all 27 Member States of the European Union. Article. 6 of the Treaty provided that it came into force on January 1‚ 2009‚ if by that date all Member States have deposited their instruments of ratification‚ otherwise on the first day of the month following the deposit of the instrument of
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change if the board appears to favour Quest offer? 4. Consider the Worldcom-MCI merger and the Qwest-US West merger. Trying to avoid hindsight bias‚ should the board of MCI and US West have accepted these offers? What is the obligation to shareholders? Was that obligation fulfilled? What about WorldCom and Qwest? Did their shareholders benefit? 5. Which offer should MCI accept? Why? 6. What approach should Verizon take to win takeover context? Qwest? MCI Takeover Battle: Case analysis questions
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TREASURER’S DIRECTIONS ACCOUNTING – LIABILITIES Section A3.3 : Provisions STATEMENT OF INTENT Complete and accurate liability information enables an Agency to be fully aware of its financial obligations and the uncertainties expected to affect their ultimate value. This Section explains the requirements for the recognition measurement and disclosure of provisions. MAIN FEATURES Section 38 of the Financial Management Act requires every Accountable Officer and every employee of an Agency
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commitments for long‑term financing arrangements. Note that the above disclosures are required for filings with the SEC but not necessarily for disclosures in published annual reports. It should also be noted that SFAS 6 states that certain short‑term obligations should not
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answer sheet. 1. General long-term debt of a governmental entity includes a) All future financial obligations. b) All future financial obligations that result from past transactions. c) All future financial obligations that result from past transactions for which the government has already received a benefit. d) All future financial obligations that are backed by the government’s general credit and revenue raising power and that result from past transactions
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individual ethical perspectives and styles. The four prominent categories of ethical philosophy consist of character/virtue‚ obligation/deontology‚ results/utilitarianism‚ and equity/relativism. These ethical perspectives‚ when assessed correctly‚ can provide insight into general views and approaches used in making personal and business decisions. Character‚ obligation‚ results‚ and equity ethical perspectives and styles have a major impact on organizational decisions. Individuals and groups
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would help business sector understand the organization’s esteem all the more proficiently and amplify shareholders’interests. It is likewise piece of an utilized buyout‚ some piece of which is financed by long haul obligation‚ adjusting the capital structure going advances. More obligation prompts a more noteworthy valuation of the firm because of the higher expense shields. KKR then again needed to keep up the majority of the tobacco business and sustenance operations. KKR need to grow the tobacco
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