...FCA 717 at [14] Middleton J stated: A director is an essential component of corporate governance. Each director is placed at the apex of the structure of director and management of a company. The higher the office held by a person, the greater the responsibility that falls on him or her. The role of a director is significant as their actions may have a profound effect on the community, and not just shareholders, employees and creditors. Under the Corporations Act 2001 anyone who is over 18 and not disqualified can be a director. Is it appropriate that there be no qualifications for directors? Should there be different requirements for directors of proprietary companies and directors of public companies? ANSWER Sections 201B(1) and 201B(2) of the Corporations Act 2001 stipulate that directors must satisfy a minimum age requirement of 18 years and are ineligible for appointment if they are disqualified from managing corporations. This qualifies a large proportion of the Australian population. Nonetheless, it is appropriate that there be no qualifications for directors; the corporate form should be available to everyone. The onerous obligations imposed on directors set a high benchmark for Australian directorship. To require positive qualifications would disqualify many competent directors. Qualifications would be inappropriate in many business contexts because the skills required of directors are specific to the corporation. Directors can rely on the expertise of employees...
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...2% Generation 1 Override • $1,000 one-time Director Promotion Bonus** • $1,000 Developing Director Bonus*** • Growing into Leadership Training Available • 25% Commission on PV • 5% Personal Sales Bonus • 5% Generation 0 Override • 3% Generation 1 Override • 2% Generation 2 Override • $1,000 Developing Director Bonus*** • LEAD Team Coach • 25% Commission on PV • 7% Personal Sales Bonus • 7% Generation 0 Override • 3% Generation 1 Override • 2% Generation 2 Override • Up to $3,000 Developing Director Bonus*** • LEAD Team Coach • 25% Commission on PV • 9% Personal Sales Bonus • 9% Generation 0 Override • 3% Generation 1 Override • 2% Generation 2 Override • Up to $7,500 Developing Director Bonus*** • LEAD Team Coach Expectations • Book • Sell • Sponsor Senior Consultant • 2-4 Personally Enrolled, Qualified and Active Consultants (PEQA) • Submit $200 PV every rolling 3 months • Same as Consultant • Engage New Consultants to Book, Sell & Sponsor Director • 4+ PEQA Consultants (Roll-ups do not count) • Submit $1,000 PV every month • A min. of $4,000 Team Sales (PV + Generation 0 sales) • Promotion occurs the month following DIQ month* if requirements are met • Same as Consultant • Train your Generation 0, including hosting Celebrate & Connect • Communicate with your team • Recognize your team • Developing your team Senior Director • 4+ PEQA Consultants (Roll-ups do not count) • 2 “Paid At” Generation 0 Directors • $1,000...
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...| HCM 1: Model Organizational Structure | Exercise Model GBI’s organizational structure. Time 10 minTask Sketch an organizational structure including four hierarchy levels for the organizational units described in the GBI scenario and integrate a new security unit into the administration department of this organizational structure. GBI’s headquarters are located in Dallas and GBI is registered as a US company. GBI also operates a subsidiary company, Global Bike Germany GmbH which is based in Heidelberg. A new security department should be set up and integrated into the existing organizational structure of GBI US. The new department obtains its offices at the group’s headquarters in Dallas and belongs to the Administration and Financials department. Have a look at GBI’s company story in order to complete the exercise. | Global Bike Group Global Bike US Global Bike Germany Marketing & Sales Operations Aministration & Financials Administration Financials Security Global Bike Group Global Bike US Global Bike Germany Marketing & Sales Operations Aministration & Financials Administration Financials Security | | | | | HCM 2: Analyze Organizational Structure in SAP | Exercise Analyze the SAP ERP organizational structure. Time 10 minTask Which data objects can be used in the HR organizational structure in SAP ERP? | In SAP HCM, an organizational structure consists of three different levels to which specific elements are...
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...[pic] MGMT 436 Strategic Management Activity 2.4 – Assignment: Analyze Board of Directors NUR ANISAH AFIQAH BTE ABDUL AZIZ #2401198 |Board of Directors | | |Executive Chairman |Mr Lim Hock Eng | |Chief Executive Officer |Mr Lim Hock Chee | |Managing Director |Mr Lim Hock Leng | |Executive Director |Mr Tan Ling San | |Lead Independent Director |Mr Goh Yeow Tin | |Independent Director |Mr Jong Voon Hoo | |Independent Director |Mr Francis Lee Fook Wah | |Non-Executive Director |Mr Lee Teck Leng, Robson | [pic] Sheng Siong Group Limited Board of Directors [pic] |Background |Employed...
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...1.0 Introduction South East Bank Limited has a long and relished heritage. It is second generation banking which was established in 1995 with the vision to stand out as pioneer banking institution in Bangladesh and contribute significantly to the national economy. It was incorporated on March 12, 1995 as a Public Limited Company. Certificate of commencement of business of the bank issued by the Registrar of Joint Stock Companies and Firms was also dated March 12, 1995. The Banking license for the bank was issued by Bangladesh Bank on March 23, 1995. The bank and its first branch at the busiest commercial hub of the country at 1, Dilkusha C/A, Dhaka was opened on May 25, 1995 by Mr. Saifur Rahman. The authorized capital of the bank is BDT 2500 million. It’s paid up capital and reserve reached BDT 2236.84 million as on December 31, 2005. 1.1 Purpose of the Report The manpower is the lifeblood of any service oriented organization. As a private commercial bank, South East Bank Ltd. is playing a very significant role in development of various sectors in Bangladesh economy. In the field of deposit mobilization, Loans and advances, Import and export business, foreign remittance South East Bank is showing best growth performance year after year through its highly skilled human resource. At present a large number of banking and non banking financial institutions are doing their business i.e. the banking business is more competitive for the existence and smooth running of the banking...
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...and Person Description…………………….….…. Pg 4 Job Advertisement…………………………………..….. Pg 7 Candidate Selection………….…………………….…... Pg 9 Maximizing Candidate Success………….…………… Pg 11 Conclusion……………………………………………..… Pg 15 References…………………………………………..…... Pg 16 Appendix………………………………….…………….... Pg 18 Executive Summary The quest is on for the replacement of Mrs. McBaine, Twinkletoes Early Childhood Centre’s Director for the past 14 years. She has manifested her intention to migrate to another country, thus leaving her post vacant. This paper analyzes her Director position and presents a recruitment process adapted from Pilbeam & Corbridge (2006). Upon learning of the director’s job description and required qualifications of candidates interested in taking over her position, a job advertisement is created to attract qualified candidates. They are thoroughly screened if they have the right educational qualifications and work experience. These do not necessarily have to match Mrs. McBaine’s education and work experience because her credentials as the centre’s pioneering director and teacher are unmatched. Shortlisted candidates go through the selection process of testing and interviews until the most qualified and most...
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...Our Purpose We are specialists. We focus on markets where we make a real difference. We distinguish ourselves with our niche-based strategy. We aim to be the best-managed bank with dominant presence in our chosen businesses. We deploy a local strategy and execute with the discipline of a global player. We are driven by highly-motivated and innovative professionals. We strive to meet the exacting standards of our customers. We are a high performance bank. We create value by effectively managing risks. We are CTBC Bank. Our Strategy We are Family. We live the CTBC Bank values - Caring Trustworthy Professional We commit to our… Customers, to delight them with products and services that enhance their financial well-being and consistently exceed their expectations Officers and Staff, to create a work environment characterized by career development and meritocracy that rewards “Best of Breed” Shareholders, to create value by optimizing the returns on their investment Community, to share our resources and encourage the personal involvement of our employees in caring for the needs and improving the lives of the people in our communities Government, to behave like a good corporate citizen, transparent in our actions, compliant with laws and contributing to the national economy Business Partners, to foster lasting and mutually beneficial relationships. CARING FOR THE COMMUNITY "We are Family" goes beyond the confines of the Bank. Much more than a brand promise,...
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...Corporate Governance Guidelines The Board of Directors (the “Board”) of Apple Inc. (the “Corporation”) has adopted these governance guidelines. The guidelines, in conjunction with the Corporation’s articles of incorporation, bylaws, and the charters of the committees of the Board, form the framework of governance of the Corporation. The governance structure of the Corporation is designed to be a working structure for principled actions, effective decision-making and appropriate monitoring of both compliance and performance. I. The Role of the Board of Directors The Board oversees the Chief Executive Officer (the “CEO”) and other senior management in the competent and ethical operation of the Corporation on a day-to-day basis and assures that the longterm interests of the shareholders are being served. To satisfy its duties, directors are expected to take a proactive, focused approach to their position, and set standards to ensure that the Corporation is committed to business success through the maintenance of high standards of responsibility and ethics. II. Director Qualifications The Nominating and Corporate Governance Committee is responsible for reviewing the qualifications of potential director candidates and recommending to the Board those candidates to be nominated for election to the Board. The Nominating and Corporate Governance Committee will consider the individual’s background, skills and abilities, and whether such characteristics qualify the individual...
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...are seeking. There a huge differences between the two sites. This website gives you the salary range, how long the job will be open, the name of the person you can speak with concerning the job, benefits, and if they will pay a relocation fee if the job is not in your area. There is also a dock station that gives you a drop down that shows all sections that you can search about the job. Usa.gov is a more professional website and it has more information about the job. This is the best website that I have seen by far. I have found several jobs that are interesting in my desired field of study. I have narrowed it down to four possible careers. The three career choices that I have chosen to discuss are: HR Director, HR Manager and Administrative Assistant. An HR Director guides and manages the overall provision of Human Resources services, policies, and programs for the entire company. An HR Manager guides and manages the overall provision of Human Resources services, policies, and programs for a company within a small to mid-sized company, or a portion of the Human Resources function within a large company. An Administrative Assistant maintains the office by ensuring that office is operating smoothly. They prepare research reports; oversee other clerical staff members and keep track of the budget making sure all...
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...LAHORE DEVELOPMENT AUTHORITY SITUATIONS VACANT Applications are invited from suitable candidates for appointment, on contract basis, in LDA against following posts. Sr. No. 1. 2. 3. 4. 5. 6. POST Deputy Director (Town Planning) Assistant Director (Town Planning) Assistant Director (General Cadre) Assistant Director (Law) Assistant Director (Electrical Engineering) Assistant Director (Mechanical Engineering) Assistant Director (Civil Engineering) BS 18 17 17 17 17 17 NO. OF POSTS 8 17 25 11 03 03 MINIMUM QUALIFICATION B.Sc. Town Planning with 5 years experience in the relevant field. B.Sc. Town Planning. M.A/M.Sc or “B.A and LL.B” (At least 16 years of education) B.A LL.B with 2 years experience as practicing lawyer. Bachelor’s degree in Electrical Engineering from recognized university. Bachelor’s degree in Mechanical Engineering from recognized university. Bachelor’s degree in Civil Engineering from recognized university. AGE LIMIT 26 to 40 21 to 25 21 to 25 26 to 40 21 to 25 21 to 25 7. 17 14 21 to 25 INSTRUCTIONS: 1. Preference shall be given to the candidates having higher qualification and ample experience in relevant field. 2. Upper age limit up to five (5) years will be relaxed according to Government Policy for all the candidates. No further age relaxation in upper limit will be admissible. 3. 15% of vacancies are reserved for women. However they will also be considered against open merit. 4. 2% quota is reserved for disabled. Only such disabled persons...
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...restriction on the transferability of the shares of a Private Company through its Articles of Association , whereas there is no restriction on the transferability of the shares of a Public company 5 .Issue of Prospectus : A Private Company is prohibited from inviting the public for subscription of its shares, i.e. a Private Company cannot issue Prospectus, whereas a Public Company is free to invite public for subscription i.e., a Public Company can issue a Prospectus. 6. Number of Directors : A Private Company may have 2 directors to manage the affairs of the company, whereas a Public Company must have at least 3 directors. 7. Consent of the directors : There is no need to give the consent by the directors of a Private Company, whereas the Directors of a Public Company must have file with the Registrar a consent to act as Director of the company. 8. Qualification shares : The Directors of a Private Company need not sign an undertaking to acquire the qualification shares, whereas the Directors of a Public Company are required to sign an undertaking to acquire the...
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...DIRECTOR OF A COMPANY: Section 252 provides that every public company must have at least 3 directors and every private company must have at least 2 directors. Subject to the minimum number of directors a company should have, the articles of a company may prescribe the maximum and the minimum number of directors for its board of directors. A company in a general meeting may by ordinary resolution increase or reduce the number of its directors within the limits fixed in that behalf by its article. A public company or a private company which is a subsidiary of a public company cannot increase the number of directors beyond the permissible maximum under its articles without the approval of the central government. However, no approval of the central government is required if such permissible maximum is twelve or less than twelve, and the increase in the number of its directors does not exceed twelve. Appointment of Directors : Director may be appointed in the following ways: 1. By the articles as regards first directors. 2. By the company in general meeting. 3. By the directors, 4. By third parties 5. By the principle of proportional representation 6. By the central government 1. First directors : The first directors are usually named in the articles. The articles may also provide that both the number and the names of the first directors shall be determined in writing by the subscribers to the memorandum or a majority of them. Where the articles are silent regarding the...
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...Philippine National Police(PNP) | National Police of Columbia Policia National | People’s Police force | Law Enforcement in Japan | New Zealand Police | Agency | Department of the Interior and local Government (DILG) | Ministry on National Defense | Ministry of Home Affairs | National Police Agency or NPA | New Zealand Government/Ministry of Police | Entrance Age | 21 years old | 21 years old | 18 years old | 21 years old | 20 years old | Retirement age | 56 years old | 50 years old | 60 years old | 60 years old | 55 years in service | Minimum Rank | Police Officer one(PO1) | Patroller | Constables | Police Officer(Junsa) | Constable | Highest Rank | Police Director General | Commissioner of Columbia/National Police | Police DirectorGeneral | Chief Superintendent(Keishie) | Commisioner | Minimum Qualification | BaccalaureateDegree Holder | High school Graduate/College Graduate | Baccalaureate Degree Holder | Upper-secondary-school graduate and university Graduates | Tertiary Education | PARTICULAR | AUSTRALIA | AFGHANISTAN | SRI LANKA | SPAIN | INDIA | OrganizationalName | Australia FederalPolice (AFP) | Afghanistan National Police | Sri Lanka Police | Cuerpo National Police (CNP) | Indian Police Service (IPS) | Agency | Federal Bureau of Narcotic Australia | North Atlantic Treaty Organization(NATO) | Ministry of defense, Public Security, Law and order | Cuerpo Superior De Policia (CSP) | India Police Agency (IPC) | Entrance Age | 21 years old | 18 years old |...
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...the part of the director? According to Section 132(1) Company Act 1965, a director shall at all times act honestly and use reasonable diligence in the discharge of the duties of his office. In this matter the answer is yes, there’s an abuse of power by the management and breach of fiduciary duty of director. A fiduciary is someone who is in control of property in which others have an interest, or is given a power which is exercised on behalf of those who are in a position of dependence. That person owes a duty of loyalty and good faith. As a fiduciary, a director’s duties are: a) Duty to exercise power in good faith and in the interest of the company In this case, one of the directors of Delima Enterprise is Encik Zayed. He had breach his duty to exercise power in good faith. Encik Zayed engaged the external Auditor Aziz & Co (Chartered Accountant), to perform statutory audit. The Auditor expressed their intention to qualify the Financial Statements due to several unresolved issues. His trying to negotiate with the Auditors to unqualified the report, however, the auditor did not agree. So, Encik Zayed was planned to terminate the auditor’s appointment and appoint a new “friendly party” auditor. According to law, the director should not appoint a new “friendly party” to unqualified the report as Encik Zayed must obey to act in a good faith and bona fide in the interest of Delima Enterprise. b) Duty to act for the proper purpose When a director misapplies the company’s...
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...Creative Industries – An Introduction – LO3 This essay will discuss an elected occupational area within the Creative Industries and discuss the skills that are required within that occupation. I will also discuss the transferable skills that are gained from this and how they can be used in other fields within the creative industries. Lastly, I will include the potential impact this has on technological, health and safety, legal issues and business support. Film is the chosen occupational area within the Creative Industries that will be discussed. The main goal of a film can be anything from to entertainment, to create shock and awe, to inform and also tempt people into going to the cinema to watch their work thus making a profit. The construction a film it can broke down into 5 parts: Development, Pre-production, Production, Post-production and Distribution. The development stage of a film is when the idea is written and the story and characters are finalised. The development stage includes Executive Producers, Producers and Scriptwriters. The Executive Producers key role is to look over the producers on behalf of the studio. They will also ensure the film is produced on time and remains within the set budget. An Executive Producer will have to have a vast and intimate knowledge of all facets of film production, marketing, financing and the distribution of films. They will be great negotiators, as they have to discuss technical standards and negotiate a budget.[1] The...
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