Essays on Corporate Law

The President,

United States of America. Introduction The concept of corporate ethics is widely accepted today. In order to stabilize the growth and development of the overall U.S economy, industries regardless of their nature or size must be instructed to follow certain ethical guidelines. In the current corporate environment, it is advisable for the U.S government to introduce three key changes to its corporate governance framework. First, there should be a single body or statutory regime to deal with corporate governance affairs in the country. Second, corporate ethics is essential to distinguish the roles of chairman and chief executive officer in ...

Identifying the requirements

For a logo to be effective it requires to be simple, easy to remember, it is not necessary that a logo be graphically related to the organization it is representing, it may not make sense at all visually as brand but if it is simple and people can easily remember it, then it becomes very useful and powerful tool for branding. As far as requirements for a brand go, it is self explanatory; a logo is a simple identification mark that people can use to identify a company that is its only function. In Logo design there are no ...

Primetime Program Analysis: AMC’s Better Call Saul

AMC’s Better Call Saul is a prequel or spin off to the critically acclaimed drama, Breaking Bad. It is a continuation of the themes of economic inequality, drugs and the usurpation of the American dream. Better Call Saul moves from Breaking Bad’s moral dilemma of a teacher at the verge of succumbing to cancer to a struggling attorney who has to contend with a rude and unwelcoming corporate world. It is an exploration of human vices that force individuals to break societal rules and in the end become outcasts. It tries to illuminate the problems inherent in ...

Introduction

The word “fiduciary” comes from the Latin word “fiducia”, which means “trust”. The term “fiduciary” is most often used to refer to a person or business that has the power and obligation to act on behalf of another person (called the beneficiary) against the background of total trust, honesty and good faith. Fiduciary duties of directors, officers and controlling shareholders play significant role in business and corporate governance, along with other duties, imposed on them by position. For the purposes of this assignment I would like to discuss fiduciary duties of directors, officers and controlling shareholders. The legislation of Ohio ...

The OHS solution being a company which operates on the basis of the corporation act is managed by three to four directors of which three of them being Emma who is the accountant director, Des who is an occupational health and safety Director and Satish who has specialized In information technology and is also a director who runs the business IT sector. The company went further to employ a friend of Des Ying who works as a non-executive director having varied roles in the OHS company . Ying is also is the director of the support Pty Ltd. The Pty limited acts as a guarantor ...

It’s Application to Corporate Governance in the 21st Century.

Corporate governance has been defined differently by various authors. According to Turbull (1997, p.1), “corporate governance describes all the influences that govern the institutional processes, including those for controlling and regulators, involved in the production and sale of goods and services”. As such, this definition indicates that corporate governance encompasses all types of firms (Donaldson, & Preston, 1995). Another school of thought has suggested that the system to govern companies, which entails controlling and directing the activities of those companies, is what constitutes corporate governance (Cohen, 1995). In essence, this system includes the market mechanisms, as well as regulatory frameworks ...

Various Issues Relating to the Corporations Act and their Effects on Directors and their Duties

The directors are required by the Corporations Act 2001 not to do anything that requires disclosure to investors. If they fail to do so they are held liable by Sec 45 of the Corporations Act that stipulates the governance of a small proprietary company. According to Peter the constitution of Kandy K restricts the directors to facilitating a loan of not more than one million dollars unless the members pass the resolution in a general meeting as was the case in Howard v Patent Ivory Manufacturing Co (1888) where the decision by the directors to borrow over the stipulated limit was nullified. ...

Question 3

Maximizing profits for the benefit of the shareholder is the fundamental philosophy to all profit driven businesses. However, most of the return strategies appear to contrast with the actual corporate behavior. This is so the case especially in corporations where the directors tend to seek personal achievements first. The executives, in a bid to satisfy their personal goals overlook, of forget the main goal, profit maximization for the shareholders. One thing to note is that profit maximization and wealth maximization are two different things. Profit maximization is about making more profits by increasing the price of the stock[ CITATION Fra07 \ ...