Paper F4 (ENG) Corporate and Business Law Class Notes June 2012 © Debbie Crossman‚ January 2012 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without the prior written permission of Debbie Crossman. 2 www.studyinteractive.org Contents PAGE INTRODUCTION TO THE PAPER CHAPTER 1: ENGLISH LEGAL SYSTEM CHAPTER 2: LAW OF CONTRACT –
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IBM BOARD CORPORATE GOVERNANCE GUIDELINES 1. Board Size 10-14 directors on the Board is optimal. This approach is flexible depending on the circumstances and the qualifications of proposed candidates. 2. Number‚ Structure and Function of Committees The number‚ structure‚ and function of Board Committees are reviewed periodically by the Directors and Corporate Governance Committee. The Audit Committee‚ Executive Compensation and Management Resources Committee‚ and the Directors and Corporate
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Martha Stewart Insider Trading: Case Analysis Report Part I: The Case Fraud‚ lying‚ conspiracy...not terms that any individual generally wants associated with their history‚ nonetheless with their reputation and personality‚ especially if that individual happens to be Martha Stewart. Martha Stewart: a name which almost every person who calls themselves an American can recognize. Her name pronounces itself across cookbooks‚ magazines and even has its own show on Style and The Learning Channel
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include new competition‚ legislation or naturally occurring events. The ability to either prevent negative impact or prepare for imminent consequences is critical to any business. One of the first thoughts that crept into my mind was corporate espionage or insider trading. The largest external/environmental obstacle that most businesses will face is their competition‚ knowing where the competition plans to take their company can be critical in formulating an external business strategy. Unfortunately
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occupational qualification (BFOQ). 12. Disparate treatment and adverse impacts are defined in labor laws issued by the National Labor Relations Board. 13. The hostile work environment form of sexual harassment occurs when employment outcomes such as hiring‚ promotion‚ or simply keeping one’s job depend on whether an individual submits to being sexually harassed. 14. Full compliance with federal law is enough to ensure that an organization cannot
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CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket
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A Comparison of Corporate Governance in China and India With the U.S. Dr. Steven Mintz‚ California Polytechnic State University‚ San Luis Obispo‚ CA Dr. Sudha Krishnan‚ California State University‚ Long Beach‚ CA ABSTRACT We examine corporate governance systems in China and India and compare them to provisions of the Sarbanes-Oxley Act and NYSE listing requirements in the U.S. In China‚ the influence of the State as the primary investor in state-owned enterprises restricts the degree to which the
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GOOD GOVERNANCE Since the draw of civilization man has been striving hard t manage his affairs systematically. The desire to become systematic to the point and precise has led human being to develop variety of disciplines . These disciplines with the march of civilization failed to keep pace with the human driving force. Resultantly new avenues are sought for governance. In the case of Pakistan mismanagement has become a hallmark of out management. It is casting dark shadow son our ‚ institutional
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cti ve .o rg 3 CH AP TER 1 – I S S U ES I N COR POR ATE G OVER N AN CE Corporate Governance Are the board effective? Are they making good decisions? Can we obtain assurance that they are? Are the board effective? Combined Code Board of Directors Chair CEO Execs Non-execs w w w .s tu d yi n te ra cti ve .o rg 4 CH AP TER 1 – I S S U ES I N COR POR ATE G OVER N AN CE Are they making good decisions? Higgs Report Cadbury Report Greenbury Code Key guidance Smith
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Sole Proprietor (Pg 50 3-120) Individual Person Partnership (Pg 50 3-130) • Association of people (2 or more‚ not more than 20‚ except law & accounting firms) (CA 2001 Section 115‚ Pg 668) • Carrying on a business with a common view to profit Other Forms of Business (Pg 52‚ 3-140 3-160) Joint Ventures • Contractual agreement to conduct a particular venture or related ventures • Not a separate legal entity • Assets & obligations of the venture are the venturers personally • Parties not conducting
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