Statutory duties Main statutory duties of a director are provided by s.132 • Where a director breaches common law duties‚ these statutory provisions impose criminal liabilities. • S.132(1) is a general provision that requires directors to act ‘honestly’ at all times and use reasonable diligence in the exercise of their powers. Any breach of fiduciary duty • Duty imposed on directors to avoid conflict of interest by not using confidential information they obtain by virtue of their position
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1. What are the key differences between utilitarianism‚ deontology‚ natural law ethics‚ and virtue theory? Utilitarianism Theory is the moral theory that argues that an action is right if and only if it conforms to the principle of utility. The desire for pleasure and happiness is universal. People seek to maximize their pleasure and minimize their pain. Thus‚ a morally correct action is one which results in the greatest possible pleasure within a given set of circumstances. The text highlights
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The Virtue of Forgiveness Under the circumstances‚ the human may rush in making his decisions‚ so the consequences will be more negative than the actions resulting from these decisions‚ so it will be better if he does not make these decisions. It’s important for man to pardon so he can cope up with the milieu he is living; We stop here to mention some features of the Prophets (blessing and peace be upon him) forgiveness in his dealing with people. These are useful and great lessons in every place
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is a very big issue that involves many different views and beliefs. Ethics has become more prevalent with the general public in today’s business world. When it comes to ethics‚ there are three main theories. The first is the virtue theory which is all based around virtue ethics. This is sometimes simplified into being character based ethics. It states that “to be an effective person in the world one must adopt various characteristics and habits and characteristics that others would deem as praiseworthy”
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Pressure‚ ignorance‚ or reward can have a various affects on a person’s choices about virtuous acts but when it causes his or her moral actions to be compromised‚ then only certain situations can pressure or ignorance be an excuse. Courage is a virtue that can be determined by choices that a person can make. A person that only does an act because he sees some personal gain from the act such as saving a child from a fire may not have committed a virtuous act because of the motive behind it such
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FORGIVENESS IS A VIRTUE Forgiveness is a word that we use lightly in the world today. Forgiveness is more than just a three syllable word‚ it is a word that keeps this world moving. What I mean by that is‚ without forgiveness‚ everyone would go around in the world hating each other for everything. Jesus tells us that no one is perfect‚ so how can we expect people not to make mistakes? The definition of forgiveness is "excusing a mistake or offence". That is pretty simple
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situations while others don’t? The reason is that those successful people have and have always had a certain characteristics that help them to do so. These characteristics are called virtues. A virtue is a characteristic of a person which supports individual moral excellence and collective well being. One of the most important virtues that helps individuals progress and succeed is patience. This is because patience helps one make good decisions‚ prevents one from giving up‚ and helps develop empathy and compassion
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Our case this module‚ one of virtue ethics‚ brings us to a systematic overhaul of one of the largest toy making companies in the world in Mattel. The overhaul took place during almost the entire first decade of the second century. The over haul was in compliance with the Global Manufacturing Principles (GMP). This is an amazing case that I feel is similar to inflicting pain on yourself in order to get used to pain therefore a stronger and better person. The thing that I do not understand is that
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Vanity is a Virtue Okay‚ I’ll admit that I like what I see when I look in the mirror. And even though I’m quite nervous talking in front of you‚ capturing the attention of a number of students‚ with all your eyes and ears on me‚ feels very fulfilling. Say it. It’s vanity. And yes‚ I am vain. So‚ as vain as I am‚ I’m going to stand before you today and prove that vanity is not a dreadful thing. Vanity is a moral excellence. Foremost‚ let us scrutinize Mr. Webster’s definition of vanity – an excessive
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an integrity of purpose‚ which is to say a critical spirit‚ patriotism in the proper sense of the word‚ respect for the rights of others‚ reasoned devotion to the national community‚ "virtue" in the language of Montesquieu‚ Rousseau and Robbespierre. "The soul of the Republic‚" wrote Robbespierre in 1792‚ "is virtue‚ love of country‚ the generous devotion that fuses all interests into the general interest" (pp. 219 220). Perhaps the reader in the late 20th century --- some fifty years after Lefebvre
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