act in its own person… it can only act through directors’‚ Cairns LJ‚ pp 89-90. Ernest v Nicholls (1857) 6 HL Cas 401 ‘[The shareholders] can only act through the directors‚ and the acts of the individual shareholders have no effect whatever on the company at large’‚ Lrd Wensleydale‚ p 419. Bushell v Faith 1969 1 All ER 1002 Where directors were empowered by the articles to increased voting rights on any resolution to remove them as directors‚ such a right was valid even though this might
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How does the director try to build suspense and scare the audience in the film Jaws? The film Jaws‚ directed by Steven Spielberg‚ was created approximately 30 years ago. It tells the story of a shark which attacks and kills numerous people off the north-east coast of the USA in a small holiday resort called Amity Island. The attacks took place around the 4th of July‚ which in America‚ is similar to the British bank holiday. During this time‚ many Americans and tourists from abroad visit resorts
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responsibilities and duties on directors of a company. Which of those duties do you consider to be more pertinent to the role which directors are called upon to exercise in the context of Corporate Governance in Mauritius? Introduction In Mauritius‚ every company must be registered with the Registrar of company. Upon registration‚ it must be specified whether the company is limited or unlimited. To be able to incorporate a business‚ the company must have at least one director. The company may have a
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resources director of a drug company in January 2001‚ two months before giving birth. She had complained that male directors were paid more than female directors in the company. This was based on the fact that on promotion from human resources manager to director she had expected a pay rise in line with the other four directors. In fact‚ she was awarded a pay increase that brought her salary to £52‚500. All of the other directors‚ who were men‚ were earning more than £60‚000 each. One such director‚ the
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LEADERSHIP DEVELOPMENT: CASE FOR ANALYSIS Alvis Corporation Kevin McCarthy is a manager of a production department in Alvis Corporation‚ a firm that manufactures office equipment. After reading an article that stressed the benefits of participative management‚ Kevin believes that these benefits could be realised in his department if the workers are allowed to participate in making some decisions that affect them. The workers are not unionized. Kevin selected two decisions for his experiment
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Managing a Family Business The Vega Food Company March 16‚ 2014 The Vega Food Company case is about the Valle family. Franciso Valle Sr. was the entrepreneur-owner of Industrias La Vega‚ he was married to Isabel and had they had six kids. Five of their kids are girls Rosa‚ 47; Ana‚ 42; Maria‚ 38; Tere‚ 33; and Mari‚ 27 one son Franciso Jr.‚ 45. Franciso Sr. died in 1994 and left Franciso Jr.‚ as his successor. Before Franciso Sr. passed‚ Franciso Jr. was the President
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Case 1 Managers are most likely to step across ethical and legal boundaries when the pressure to perform is great. Pressure can be healthy but companies that set high-performance targets and grant large rewards for achieving these must have strong control systems to ensure that people are not tempted to cross boundaries. What are the four important control systems? Please identify each control by name. Strategy WorldCom never really had a strategic plan‚ committee‚ or framework. Their plan
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planned to terminate the auditor’s appointment and appoint a new "friendly party" auditor. EncikZayedand Puan Hashimah were not familiar withAccounting Standards and the provisions of the Companies Act 1965‚ including their roles and duties as Company Directors. The company had maintained a very lean organisation and had employed their own family members as employees and some did not have the necessary job experiences. Time was the essence and the Audited Financial Statements had to be issued to the bank
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caseF&C INT CASE 4.2 F&C INTERNATIONAL‚ INC. Synopsis Over two centuries‚ the Fries family of northern Kentucky and southern Ohio built a dynasty of sorts in the flavor industry. Alex Fries‚ a German immigrant with a background in chemistry‚ settled in Cincinnati during the early nineteenth century and a few years later established a flavor company. Throughout the nineteenth and twentieth centuries‚ Fries and his descendants owned‚ operated‚
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HYPERLINK l _Toc401352836 General theory about the auditor and auditor independence PAGEREF _Toc401352836 h 4 HYPERLINK l _Toc401352837 1.1. General theory about independent external auditor PAGEREF _Toc401352837 h 4 HYPERLINK l _Toc401352838 1.1.1. Definition of independent external auditor PAGEREF _Toc401352838 h 4 HYPERLINK l _Toc401352839 1.1.2. The work of independent external auditor PAGEREF _Toc401352839 h 5 HYPERLINK l _Toc401352840 1.1.3. The role of independent external auditor
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