"governing body" does. If the organization is an informal one‚ such as a market‚ governance is primarily about the rules and norms that guide the relevant activity. Whether the organization is a geo-political entity (nation-state)‚ a corporate entity (business entity)‚ a socio-political entity (chiefdom‚ tribe‚ family‚ etc.)‚ or an informal one‚ its governance is the way the rules and actions are produced‚ sustained‚ and regulated. Corporate governance Corporate organizations often use the word governance to
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the corporate IT market from its beginning. It has been very successful in the past‚ enjoying a near monopoly in a number of markets. Over time‚ it has developed subsidiaries and branches virtually everywhere in the world‚ a complex structure of entities with specific responsibilities and functions. However‚ with the advent of the personal computer and the Internet‚ the market has considerably changed over the last two decades. Some new companies have been incredibly successful in embracing the
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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the business. As the owner and operator of a sole proprietorship‚ all of the profit and loss is the personal responsibility of the business owner creating unlimited liability. • INCOME TAXES – As a sole proprietor all business income or losses must be reported as personal income tax. The business itself is not taxed separately. • LONGEVITY/CONTINUITY – The sole proprietorship is defunct once the business owner dies‚ or quits. • CONTROL – The business is controlled by the single business owner
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1 LITI Task 1 Business Organizations Sole Proprietorship A sole proprietorship is owned by one person that runs the business. No formalities are necessary since the business is not owned by anyone else. There are some advantages and disadvantages of owning a sole proprietorship. One advantage is that the business can be closed down at any time and any financial obligations can be paid off. Another advantage is that the business has no boss‚ partner‚ or board of directors to answer to. One
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wants you to remember or provides you‚ the foundation of a theory that allows treatment of corporations as members of the moral community‚ of equal standing with the traditionally acknowledged residents: biological human beings‚ and hence treats Wicker-type responsibility ascriptions as unexceptionable instances of a perfectly proper sort without having to paraphrase them. • In my view the author’s thesis is that corporations can be full-fledged moral people and have whatever privileges‚ rights and
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alternative corporate business vehicle that provides the benefits of limited liability and also allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The revised Bill received the assent of the President of India on 7‚ January 2009. LLP is a body corporate formed and incorporated under the LLP Act‚ which is a distinct legal entity separate from that of its partners. Introducing LLPs‚ as a new business structure would fill
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2.4 Main Controlled Entities (as at June 2012) The consolidated financial statements incorporate the assets‚ liabilities and results of the following subsidiaries in accordance with the accounting policy described in note 1(c): Name of entity Country of incorporation Class of shares Equity holding 2012 2011 % % Parent entity JB Hi-Fi Limited (i) Subsidiaries JB Hi-Fi Group Pty Ltd (ii) Australia Ordinary 100 100 JB Hi-Fi (A) Pty Ltd (ii) Australia Ordinary 100 100
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ACCA Paper F4 (GLO) Corporate and Business Law For exams in 2012 Notes theexpgroup.com ExPress Notes ACCA F4 (GLO) Corporate and Business Law Page | 2 © 2012 The ExP Group. Individuals may reproduce this material if it is for their own private study use only. Reproduction by any means for any other purpose is prohibited. These course materials are for educational purposes only and so are necessarily simplified and summarised. Always obtain expert advice on any specific issue. Refer to our
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INDUSTRIAL‚ MANUFACTURING‚ TECHNICAL AND BUSINESS COMPANY S.A.”. For its international business the name of the company shall be used in faithful translation into the respective language. The above name as well as the names “HELLENIC DUTY FREE SHOPS” and “DUTY FREE SHOPS” are exclusively owned by the company. The trading name of the company in all its transactions is “FOLLI FOLLIE GROUP”. Article 2 Object 1. The object of the company is to: A.a.) Operate all types of shops of tax-free and duty-free goods
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