QXD:IC8235 ch01.qxd chapter 19/6/09 09:44 Page 3 1 The role of the company secretary contents 1 Requirement to appoint a company secretary 2 The secretary and the board 5 Liabilities Core duties of a company secretary 3 4 Appointment and removal from office learning outcomes As an officer of the company at the centre of the decision-making process‚ the company secretary is in a powerful position. He should assist and guide the board in the pursuit
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2009 Table of Contents Page Number What is the Sarbanes-Oxley Act of 2002? 3 Why was SOX established? 4 When did SOX take effect? 5 What companies were affected and how? 6 What does SOX compliance require? 9 Conclusion 11 References 13 What is the Sarbanes-Oxley Act of 2002? The Sarbanes-Oxley Act of 2002 – its official name being “Public Company Accounting Reform and Investor Protection Act of 2002” – is recognized to be the most significant U.S. federal disclosure and corporate governance
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external growth through mergers and acquisitions (M&As) in a typical Continental European country‚ Belgium. For this purpose‚ we use data on 378 private and listed firms that engaged in 816 M&A transactions during 1997–2005‚ and match this sample with companies that did not pursue any external growth. By analyzing bidder characteristics‚ industry and aggregate market variables‚ we are able to determine what motives are important in the decision to acquire. Our results show that intangible capital‚ leverage
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Winding Up of Company The winding up is the process of putting an end to the life of the company. And during this process‚ the assets of the company are disposed of‚ the debts of the company are paid off out of the realized assets and if any surplus is left‚ it is distributed among the members in proportion to their shareholding in the company Q.1 WHAT ARE THE POWERS OF LIQUIDATOR LIQUIDATOR A person appointed to carry out the winding up of a company is called liquidator. If the winding
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responsibilities. This may involve deciding on the legitimacy of the claims of certain stakeholders and how the company will behave towards them. Third‚ a code of ethics is a means of conveying these values to stakeholders. It is important for internal and external stakeholders to understand the ethical positions of a company so they know what to expect in a given situation and to knowhow the company will behave. This is especially important with powerful stakeholders‚ perhaps including customers ‚suppliers
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this interview experience‚ I gained an understanding of an employee-owned company structure‚ learned how a mid-size distributor competes in a commodity based business‚ and realized why Mr. Onofrio is a successful business leader. My understanding of an employee-owned company structure increased significantly. I had a misconception that an employee-owned company meant ownership by all employees; GT’s ownership is closely held by Mr.
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Alliances‚ Collaborations and Merger and Acquisitions Questions | Q1. Why is a Joint Venture (JV) preferable to more general collaboration form of the Strategic Alliance? Q2. What are the relative merits and weaknesses of JVs and SAs? Q3. Why would company seek M&A as a market entry strategy? What are the advantages and disadvantages of M&A? why might a merger fail and what might be the outcome? Q4. What are the relative merits/ disadvantages of JVs‚ SAs‚ and M&As Collaboration | Cooperation
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Appointment‚ Duties‚ Rights and Liabilities of Auditor Appointment: First Auditors a) The first auditors of a company shall be appointed by the directors within 60 days of incorporation of the company [252(3)] b) The first auditors will hold office till the first annual general meeting [252(3)]. c) If the directors fail to appoint the first auditors‚ the members shall appoint the first auditors‚ provided further that the auditors such appointed shall not be removed during the tenure expect
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accounting standards have been used Sarbanes Oxley also requires that public companies be audited by accounting firms (Livingstone). The problem is that the accounting firms are also public companies that also have to look after their bottom line while still remaining objective with the corporations they audit. When an accounting firm is hired the company that hired them has the power in the relationship. When the company has the power they can bully the firm into doing what they tell them to do
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What if you are not allowed to use cellphone in private place? If a city bans the use of cell phone in privately owned business‚ people will face discomfort. Especially cell phone has potential capability to save one’s life in emergence situation. If cell phone is banned‚ people will carry other gadgets and it would negatively affect on local businesses. Owners of the private businesses could lose their customers. Through the cellphone‚ people have lots of ability. Banning cellphone would cause
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