AGENCY Reciprocal Duties of Agent and Principal (20-39) Community Counseling Service Need for non-competition clause in contract – but must be careful not to violate public policy What is the duty of a party to the firm when he is planning to leave but hasn’t yet left? You cannot seek out firm’s clients while you are still working there Hamburger Did not solicit clients’ business while he was still their employ Anderson Rule: categorical – fiduciary duty obliges the fiduciary to act in the
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ABSTRACT: This study scrutinize the impact of right issue on earning per share and market price per share during 2009-10 of 10 public limited companies listed on Bombay Stock Exchange. Right shares are those shares which are issued to existing shareholders. According to section 81 of Indian company act 1956‚ “Company can issue right shares only after the two years of creation of company or one year of first issue of shares whichever is earlier." The result divulges that EPS of 2 companies out of
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Below are the different types of share capital of a company:- Preference Shares‚ Ordinary Shares‚ Deferred Shares‚ Redeemable Shares and Share Warrants to Bearer. Preference Shares are shares which normally entitle the shareholders a priority to receive a fixed rate of dividend out of the profits of the Company (current year only) per annum. Different classes of preference shares may exist. Preference shares are usually cumulative and non-participating. They cannot participate to further
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the financial interest (shares) of a shareholder is protected by law and cannot be taken away except by lawful means such as by court order or by nationalization provided fair and adequate compensation is paid Section 567 of the companies and Allied Matters Act‚(CAMA) 2004 defines a share as: “The interests in a company’s share capital of a member who is entitled to share in the capital or income of such company The interest or ownership of a shareholder in a company is therefore limited only
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The are just 11 but very‚ very rich. Their wealth at the Nairobi Securities Exchange (NSE) increased by Sh27 billion in slightly less than 12 months. Mark you‚ that is only wealth in shares listed in their names at the NSE. They have much more in shares not listed in their names‚ but under nominee accounts or through sister companies to ones listed at the stock market. Yet‚ another huge chunk of their wealth is in firms they own but are not quoted at the NSE. It is also worth noting that there
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M1. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. A stakeholder is anyone who is interested in the success of an organisation‚ and often the stakeholders have a large influence on the business’s aims and objectives. In this assignment I will be explaining why stakeholders would be interested in a company’s aims and objectives and why each stakeholder would be interested in my two chosen organisations joining together
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own projects‚ allocate enough amount of money to Research and Development‚ and its key Scientifics and top management might leave the company. 2) As a majority shareholder of Genentech‚ what responsibilities does Roche have to the minority shareholders? Obtain approval of a majority of the minority of Genentech shareholders voted at the meeting concerning the merger‚ if not satisfied Roche should pay the fair value for Genentech stock determinate by independent investment banks Also Roche
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management is appropriately concerned with stockholder wealth? Does Porsche’s ownership structure work to the benefit or detriment of public shareholders? Although Porsche is publicly traded‚ the company is controlled by only two stockholders‚ the Porsche and Piéch families. As the quotation by Holger Härter makes clear‚ the two families hold exclusive shareholder influence over management. An interesting point for class discussion is whether the families actually ever exercise these rights. It is not
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Perspective: Conrail shareholder. 1. Why does CSX want to buy Conrail? How much should CSX be willing to pay? Some of the reasons why CSX wants to buy Conrail are‚ to increase the consolidation in the Railway industry. Further consolidation typically means lower cost for the consolidators fx because economies of scale and synergies and …. A consolidation also results in lower competition inside the industry‚ which typically follows with higher‚ or at least not lower‚ prices and therefore higher
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with provision that resemble the risk and rewards of an equity position. In the current strained economic environment‚ the possibility of default by a debtor is a stark reality. One way of assisting companies through these uncertain times is for shareholders or creditors to convert loan claims against the company into shares. The conversion or capitalization of debt into shares has various potential tax consequences. For companies with assessed losses‚ this may result in a reduction of the assessed
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