new enterprise. One or more entrepreneurs setting out to start a business should consider the following four factors when deciding what form of business to organize: (1) ease and expense of creation, (2) liability of the owner(s) for obligations of the entity, (3) tax considerations, and (4) the need and ability to raise capital. TRADITIONAL BUSINESS FORMS Sole Proprietorship: A business owned by a single person or family. Partnership: An agreement by two or more persons
Words: 838 - Pages: 4
like many other companies in the world faced financial difficulties in 2010. The company set sales goals in the different regions they serve for 2010; most of the regions met or exceeded their goals although one region was below the target. The director, Frank Campbell, of the region with below target sales thought of an idea to meet the goals. The CPA, Tony Cupertino, was informed of the idea and the effects to the organization. Could the decision cause ethical or legal effects for the organization
Words: 850 - Pages: 4
activities and compliance with both the letter and spirit of the law. We expect that you will reflect these standards in your day-to-day dealings on our behalf. This Code of Conduct is for all employees, Officers, and all members of the Board of Directors. It is a guide to ethical behavior. Chipotle has an “open door” policy with respect to any concern relating to compliance with the Code of Conduct and other Company policies, and no person will be subject to disciplinary or other retaliatory action
Words: 5608 - Pages: 23
Evaluation of Business Code of Ethics Many companies and organizations employ codes of ethics that can enhance their image and endorse a form of legitimacy to that company or organization. A company such as Walmart with local and global outreach has incorporated into its system a culture of ethics and integrity that defines who they are as a company. This culture of ethics determine how customers and suppliers are treated by the company and how workers treat each other within the company. Walmart
Words: 948 - Pages: 4
contents Vision/Mission/Core Values Notice of 54th Annual General Meeting Corporate Pro le Board of Directors’ Pro le Board of Directors’ Committees Directors’ Report Attendance of Directors Review Report on Statement of Compliance Statement of Compliance Pattern of Shareholding Categories of Shareholders Six-Year Summary Auditors’ Report to the Members on Unconsolidated Financial Statements Unconsolidated Financial Statements Auditors’ Report to the Members on Consolidated Financial Statements
Words: 64886 - Pages: 260
administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management, and the board of directors. Other stakeholders include labor(employees), customers, creditors (e.g., banks, bond holders), suppliers, regulators, and the community at large. Objectives & Principles : Corporate governance is a major concern in the Asia and Pacific region
Words: 2392 - Pages: 10
company ‘s directors, its shareholders and other stakeholders. It also provides the structure through which the objectives of the company are set and the means of obtaining those objectives and monitoring performance are determined. NOTE THAT: there is a difference between corporate governance and management, the latter refers to day-to-day running of a business , while the former refers to rules, regulations and best practices. The shareholders’ role in governance is to appoint the directors and the
Words: 13667 - Pages: 55
Annual report 2013 Looking forward to the future Dear Fellow Stockholder, move ahead of our peers. This unique culture allows us to attract and keep the best leaders and talent because it provides opportunities to grow and take on new challenges. That spirit will remain a cornerstone for us, to the benefit of our viewers, colleagues and investors. Shareholders of 21st Century Fox will see value driven by a commitment to bring consumers across the globe the very best stories in film and
Words: 89756 - Pages: 360
Society of San Diego, a nonprofit organization that operates the San Diego Zoo, the San Diego Zoo’s Wild Animal Park, and San Diego Zoo’s Institute for Conservation Research has more than 3,000 persons employs. Tim Mulligan, the society’s new HR director, feels that organization and its managers should some goals for themselves and their workers so that persons can be paid based upon those goals. He wanted the zoo to have more structure and managers filling and completing more appraisals forms than
Words: 820 - Pages: 4
paper is to explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics Ethics is described as the control over dealing with the bad and good with moral duty and obligations and business ethics is concerned with the justice, truth and a variety of other aspects including the expectations of fair compensation, society, public relations, consumer autonomy, advertising, social responsibilities, and corporate behavior
Words: 1224 - Pages: 5
