be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul Harrison
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corporate can either be privately or publically owned. A private organisation is privately owned by a small number of individuals or family members. The main advantage is that private organisations are not directly tied to the stock market or public shareholders. Therefore the owners of the organisation can have total control and ‘freedom’ to make their own decisions. As their main purpose may not be solely for making profits‚ thus they can make certain decisions that are ethical or beneficial to the environment
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Does “voting premium” mean that “minority” shareholders are losing money? Dual-class share structure is a situation in which a company issues multiple categories of common stock and each category has different rights and privileges. For example an A class shareholder can have one votes for each share of stock and a B class shareholder can have ten votes per share of stock. This is usually a way of giving more control to certain groups of shareholders‚ particularly insiders and founders. Alibaba’s
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Solutions to Practice Problems by Kyung Hwan Shim University of New South Wales Australian School of Business School of Banking & Finance for FINS 3625 S1 2010 May 23‚ 2010 ∗ These notes are preliminary and under development. They are made available for FINS 3625 S1 2010 students only and may not be distributed or used without the author’s written consent. ∗ 1 Solution for Question 1 Summary Table of Cash Flows t=0 I II CF from Machinery ignoring depreciation Working Capital Level
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Equity Paper Introduction Investors have to keep a close eye on many different parts of their investments. First‚ keeping the paid-in capital separate from the capital earned. Paid-in capital is the total amount of stock purchased by the shareholders. Where earned capital is the profit earned from operations. Second‚ the investor needs to keep track of the capital earned this creates dividends to be paid in the long run. Paid-in capital does not apply to the investor just the firm in which
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rate fixed at the Annual General Meeting (AGM) depending on the profit available for a particular year. The rate of dividend also varies from year to year. The preference shareholders contribute capital to the company. According to section 85 of the Companies Act‚ 1956‚ persons holding preference shares‚ called preference shareholders. They are assured of a preferential dividend at a fixed rate during the life of the company. This type share holders carry
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What is a closely held business? When a business has very limited number of shareholders then this is called closely held business. This thing usually exists in family businesses. Their shares are publicly traded on occasion but very rare. To whom does a director owe a fiduciary duty? Directors owe a fiduciary duty to corporation‚ as such; directors must ensure the corporation’s interests always priorities. It is the fiduciary duty of the director to act honestly and in good faith‚ with a view
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What is bonus issue of share? A bonus share is a free share of stock given to current shareholders in a company‚ based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned‚ it does not change the value of the company. Al though the total number of issued shares increases‚ the ratio of number of shares held by each shareholder remains constant. Relation between stock split & bonus issue of share: In both
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Managerial Behaviour and the goals of management have long been identified by many as independent of the goals of shareholders . Two models have attempted to explain why the goals are different and how these goals are achieved; Baumol’s Theory of Revenue Maximisation and Marris’s Model of Managerial Enterprise . Initially the Two models will be briefly explained. Then‚ by reference to determinants of managerial remuneration‚ the empirical evidence of the occurrences of the determinants‚ the two models
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Brigham Concise 4th Edition Chapter 1: An Overview of Financial Management 1. Which of the following are among the three main areas of finance? a. financial institutions b. investments c. financial management d. all of the above are correct e. none of the above are correct d. Correct. 2. The globalization of business and the increased use of information technology are the two key trends in financial management today. a. True b. False a. True 3. Which of the following
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