assets 6. Section 41 – Power to Acquire Own Shares 7. Section 42 – Power to invest corporate funds in another corporation or business‚ or for any other purpose 8. Section 43 – Power to declare dividends 9. Section 44 - Power to enter into a management contract 3 Concept of Power of Corporation Ø Refers to the corporation’s capacity or right under its charter and laws to do certain things. Ø The power of a corporation is different from its primary franchise and secondary franchise (a)
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Human Resource Management Assignment – I Section: A PGP02.054 Faculty: Dr. Malay Biswas Indian Institute of Management Rohtak Table of content Topic Page number 1. Introduction 3 2. History of Industrial Relations System in India 4 3. Few cases of industrial disputes in MNCs a. Honda‚ Haryana 8 b. Mitsubishi Chemicals 9 4. Analysis of the current situation and trends in India 12 5. Conclusion 16 6.
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Industrial Relations or Labour Relations is an expression used not only for relationships between employers and Trade Unions‚ but also for those involving Government with the aim of defining policies‚ facing labour problems. The concept of industrial relations has a very wide meaning and connotation. In the narrow sense‚ it means that the employer‚ employee relationship confines itself to the relationship that emerges out of the day to day association of the management and the labour. In its wider
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The study if industrial relations like some other fields of study present a complex set of definitions of which none is universally agreed as the most appropriate definition. Some authors advocate for the definition of the scope of industrial relations in narrow terms in order to grasp its concepts‚ while others prefer a broader view of a network of social relationships in the industry. Flanders (1965:10) articulates that the study of industrial relations may be described as a study of institutions
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Employment Relationships- Problems and Perspectives Introduction The employment relationship is the heart of any industrial relations system. It is the relationship between the employer and the employee. A successful employment relationship has always been the foundation of any successful business or organisation no matter how big or small. Variety of philosophers and writers of management have written a lot of theories relating to employment relationship. These theories have changed vastly from the classical
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Interconnectedness as a result of social media networking tools. Social media networking tools has aided international relations and globalization reach the goal of understanding culture of diverse countries around the world. International relations focus on how countries‚ people and organizations interact and globalization is making a profound effect on international relations. (Lianna Amirkhanyan‚ 2012) According to Clay Shirky‚ the reality is that social media has become coordinating tools for
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The term ‘Industrial Relations’ comprises of two terms: ‘Industry’ and ‘Relations’. “Industry” refers to “any productive activity in which an individual (or a group of individuals) is (are) engaged”. By “relations” we mean “the relationships that exist within the industry between the employer and his workmen.”―Industrial relations and personnel management are almost synonymous term with the only difference the former places emphasis on the aspect of employer relationship rather than on the executive
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McKamie Mrs. Cornelius Business Law October 6‚ 2011 The Pros and Cons of Unions During the active growth of the industrial movement in the nineteenth century‚ uneducated country fold went to larger cities to work in factories and ended up in substandard work environments‚ more often than not making low wages. Labor unions formed as a way for these workers to band together to have equal rights. Labor unions help their members by negotiating wages‚ benefits and working conditions
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Derek Bouvier A.P. U.S. History Mr. Schultz Labor Unions DBQ February 9‚ 2015 Labor Unions In the early 19th century industry was beginning to foster with the help of a post-civil war boost in production. During this time though there was an equally stark drop in the quality of working conditions and wages. During this time also a flood of immigrants caused a surplus of laborers and thus a drop in wages. All of the while the richest men in American history began their reign over industry.
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A trade union (British English—amalgamation is also used)‚ labour union (Canadian English) or labor union (American English) is an organization of workers who have banded together to achieve common goals such as protecting the integrity of its trade‚ achieving higher pay‚ increasing the number of employees an employer hires‚ and better working conditions. The trade union‚ through its leadership‚ bargains with the employer on behalf of union members (rank and file members) and negotiates labour contracts (collective
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