DELUXE CORPORATION Contents Section 1: DELUXE Corporation 1.1. 1.2. 1.3. 1.4. Company Business Overview Macro-Evironment & Industry SWOT Analysis Porter’s Five Forces Section 2: Business & Strategy Risks / Financing Requirements Section 3: Main Objectives of the Financial Policy Section 4: Financial Flexibility – Cost of Capital Section 5: Is Deluxe’s Current Debt Level Appropriate ? Section 6: FRICTO Analysis Section 7: Conclusion - Recommendations 2 Section 1: DELUXE
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3. What should Singh recommend regarding: * Target bond rating * Level of flexibility * Mix of debt and equity * Other Issue As for what should Rajat Singh recommend regarding target bond rating‚ level of flexibility or reserves‚ mix of debt and equity and lastly any other issues. So‚ firstly look into the target bond rating‚ in our opinion DC needs to position itself to obtain a AAA rating. At AAA grade bond rating shows that AAA bond rating is higher in unused debt capacity
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[pic] By: Michael Malone Statement of the Problem Rajat Singh‚ a managing director at Hudson Bancorp‚ needs to find a way to rejuvenate the paper check corporation. One main part that needs to be calculated is the appropriate mixture of debt and equity for the firm. The company needs to determine the correct mixture so that they can both minimize the cost of capital and increase the shareholders value. I will analyze the current and future situation of the company‚ trying to find the correct
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Introduction The board is made up of individual men and women (the "directors") who are elected by the shareholders for multiple-year terms. Many companies operate on a rotating system so that only a fraction of the directors are up for election each year; this makes it much more difficult for a complete board change to take place due to a hostile takeover. In most cases‚ directors either‚ 1.) Have a vested interest in the company‚ 2.) Work in
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today’s boards of directors. 1 I would require the board of directors degree of involvement in strategic management be active participation (approves‚ questions and makes final decisions on mission‚ strategy‚ policies and objectives) or be that of a catalyst (takes the leading role in establishing and modifying the mission‚ objectives‚ strategies and policies). This would ensure that the board of directors takes a hands on approach (Wheelen‚ p. 47). 2 I would require the board of directors
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The Role of Board According to Jensen (1993)‚ the board has the final responsibility for the function of the board. The job of the board is to hire‚ fire and compensate the CEO and to provide high level council. More precisely‚ the board has two major jobs: to monitoring the decision making of management as a representative of shareholders and to initiate and implement of decisions. The board of directors is a major mechanisms used to solve agency problem‚ which arises when the management and ownership
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FINANCIAL MANAGEMENT The main objectives of financial management are:- 1. Profit maximization : The main objective of financial management is profit maximization. The finance manager tries to earn maximum profits for the company in the short-term and the long-term. He cannot guarantee profits in the long term because of business uncertainties. However‚ a company can earn maximum profits even in the long-term‚ if:- i. The Finance manager takes proper financial decisions. ii. He uses the finance
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03/24/2014 Department of Homeland Security – Form I-901 Application – Confirmation Student and Exchange Visitor Program: SEVIS I-901 Payment Confirmation OMB 1653-0034 (Expires 1/31/2015) Please print the Payment Confirmation for your records. Reference the confirmation number BBB1416597630 on all inquiries related to your I-901 status. You may be required to produce your payment confirmation for your visa issuance‚ admission to any United States port of entry‚ for any change of non-immigrant
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Deluxe Corporation Ninth Annual Institutional Investor Forum Sidoti & Company‚ LLC Jeff Johnson‚ Treasurer and Vice President Investor Relations September 24‚ 2010 Presentation Scope ■ Comments are limited to information already publicly released: – 10-K for 2009‚ filed February 19‚ 2010 – 10-Q for Q2 2010‚ filed August 5‚ 2010 ■ All estimates and projections are subject to risks and uncertainties that could cause actual future results to differ materially from those estimated or projected
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The Role of Boards of Directors in Corporate Governance: A Conceptual Framework & Survey∗ Ren´e B. Adams‚† Benjamin E. Hermalin‚‡ and Michael S. Weisbach§ e April ‚ Abstract This paper is a survey of the literature on boards of directors‚ with an emphasis on research done subsequent to the Hermalin and Weisbach (2003) survey. The two questions most asked about boards are what determines their makeup and what determines their actions? These questions are fundamentally intertwined‚ which
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