explain the role of shareholders‚ directors and partners in the different types of business; and then we will see the importance of legal constraints on decision making within business organisations. 1- THE ROLE OF THE SHAREHOLDERS: There are no shares in the sole trader and partnership ownership; that is why shareholders do not apply in these two types of businesses. In Private Limited Companies‚ there must be at least two shareholders but no maximum number. The principal duty of a member who
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3.2 Agency An agent is a person authorized to negotiate and enter into contracts on behalf of another who is known as the principal in his dealings with a third party. The legal relationship between an agent and a principal is an agency. For examples‚ between a client as a principal (P) and lawyer as an agent(A)‚ employer (P) and employee (A)‚ house owner (P) and housing agent (A) and others. The principal and the agent are in an employment contract where the terms of appointment and authority have
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The Principal Victor Public School Delhi Re:- PROFESSIONAL TENNIS / SPORTS COACHING Dear Sir‚ The Nash Sports Management believes that each child is a GEM – rare and unique and must be allowed to shine in his own natural brilliance. The programme aims to provide opportunities a sporting envirement which enhances the student’s instrinsic talent to allow them to maximize their full potential within their individual capabilities so that they can be best they can be! “People say that campions are
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The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement‚ Universität Bern Claudio Loderer Institut für Finanzmanagement‚ Universität Bern Lukas Roth The Pennsylvania State University Urs Waelchli Institut für Finanzmanagement‚ Universität Bern © Petra Joerg‚ Claudio Loderer‚ Lukas Roth and Urs Waelchli 2006. All rights reserved. Short sections of text‚ not to
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Requirements for Valid Action at a Shareholder Meeting * Read statute‚ bylaws and articles * 1. Authority for the meeting * 2. Proper notice (or waiver of notice) * 3. Quorum * 4. Required number of votes cast in favor 1. Authority for Meeting * The meeting must be authorized * Look to statute and bylaws for authorization * Annual meetings MBCA §7.01 * Special meetings MBCA § 7.02 * Court ordered meetings MBCA § 7.03
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Shareholder and Stakeholder Over the last decade‚ with the rapid development of business management‚ the Shareholders who are the effective owners of the company invest money into the business and want as much profit as possible as a return for their investment. Shareholders will engage manager to help them to run the business and make various decisions in different aspects in order to maximize potential wealth. There seems to be no doubt that a manager has a legal responsibility to shareholders
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Group of: Mervat ‚ Salema‚ Ola‚ and Noha MBA Port Said Group 1- Segmentation: Geographically: Port Said Governorate Demographically: Key early years customers should include: * parents ( Working parents‚ high income ‚ well educated ‚ good English background) * Students (3-5 years old ) ‚ disciplined ‚who are in need to: -- - Enhance physical‚ social‚ intellectual‚ language and emotional development. - Have reading‚ writing and getting them “ready”
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Rights of Shareholders. Introduction: A shareholder is an individual or company that legally owns one or more shares of stock in that company. Shareholders are the owners of companies. A small business may have just one shareholder‚ the founder‚ while a public company may have thousands of individual and institutional shareholders‚ such as mutual fund companies‚ pension funds and hedge funds. Shareholders play an important role in the financing‚ operations‚ governance and
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Chapter 158 Distributions to Shareholders: Dividends and Repurchases ANSWERS TO END-OF-CHAPTER QUESTIONS 158-1 a. The optimal distribution policy is one that strikes a balance between dividend yield and capital gains so that the firm’s stock price is maximized. b. The dividend irrelevance theory holds that dividend policy has no effect on either the price of a firm’s stock or its cost of capital. The principal proponents of this view are Merton Miller and Franco Modigliani (MM). They
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investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So‚ firstly both approaches are defined briefly. Secondly‚ compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose‚ Corporation‚ Value Maximization‚ Shareholder Approach‚ Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach on value maximization focuses the corporation’s purpose on maximizing
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