Essay Introduction: With the emergency of more and more stock corporate, an increasing number of people become shareholders. However, in some companies, directors or majority shareholders misuse their power to maximize their own interests while exploiting minority shareholders. This phenomenon is more serious in proprietary companies since directors and majority shareholders don’t need to comply with ASX listing rules[1] and minority shareholders are unlikely to be provided a market to sell
Words: 1997 - Pages: 8
with the necessary steps they need to finish their degree. The purpose of this paper is to provide evidence from the CNSA and Mabel, a student at the CNSA and how Mabel was provided with misrepresented information. If there was negligence and if fiduciary duty was required by the student advisor, Ima. Purpose is to convey how misrepresentation can mislead and cause damages and how negligence can occur even when it wasn’t attended. Mable Hardluck is the plaintiff and CNSA are the defendants
Words: 1825 - Pages: 8
systems. Deciding to recall the product and make immediate improvement is more important for both sides of us and customers. We should make more good changes on the product which may increase the credibility of our company. It will uphold his fiduciary responsibility to Odwalla’s owners, and also upholds the rights of costomers. Thinking that if the CEO did not decide to recall the product, it may cause many bad influence. There would be a lawsuits waiting for Odwalla and the stock may go down
Words: 252 - Pages: 2
According to the Exhibit 1, I think the fiduciary duties of directors is that in making a business decision, the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interest of the company. If the company is sold for a price greater than the downround valuation and the new preferred stock gets a 400 percent return plus its share of the remaining equity while the common stock gets little or nothing, the directors
Words: 278 - Pages: 2
gov/cafrs/2009/default.htm 1. On page #2 (and on the relevant statements on pages 10 and 11) of the Management’s Discussion and Analysis, it is noted that the fund financial statements are broken down by governmental funds, proprietary funds, and fiduciary funds. The governmental funds are broken down into general, special revenue, debt service, capital projects and permanent funds. It is interesting to note that the city of Seattle has identified 3 major governmental funds that are presented separately
Words: 669 - Pages: 3
decision that centered on determining whether the solicited bids provided a fair premium for HFC shareholders. On the other hand, the governance decision required the board to balance its fiduciary responsibility against the original mandate of Milton Hershey to support the Hershey School in perpetuity. The fiduciary responsibility is relatively simple compared with satisfying a broad array of constituents, including the Hershey community, HFC employees, and Pennsylvania’s attorney general.
Words: 7381 - Pages: 30
to Plaintiffs, _____________________. ___________________, the Plaintiffs herein, allege that Defendants, ________________, was charged with acting in a fiduciary capacity in exercising his powers and duties as a Trustee. It is alleged that Defendants, _____________________, acting in concert with _________________, breached said fiduciary duty in exercising his powers and duties as Trustee, which produced or proximately caused damages to the Trust estate and ultimately to the beneficiary, Jessica
Words: 803 - Pages: 4
BUSL301 Final exam Session 1 2013 The exam does not include: Lecture Area 1-4 Lecture Area 9 [Week 10] (Takeovers / Financial Services and Markets) The Role of Auditors / ASIC Investigation (these are both in Lecture Area 7 [Week 8]) Everything else is examinable – that is, within the range of material that may be included in the final exam Part A of the exam (20 marks) is multiple-choice (10 x 2 marks per question) Part B of the exam (40 marks) has 2 problem style questions requiring written responses
Words: 2484 - Pages: 10
Case Write-up (Case 1) 1. Problem Analysis Providian Trust is a trust company that is a leader in the financial and fiduciary service which locates in New York with total 216 branches. Recently, there was an extraordinary difference of opinion between Providian Trust’s internal auditor and the leaders of a major information technology project in the trust division. After reading the case, I found below problems: * Lack of effective communication and engagement with the frontline trust officer
Words: 261 - Pages: 2
information that would not normally be revealed. The fact that services cannot be provided unless clients are willing to cooperate, does not change the fundamental power imbalance (Gutheil, T. G., & Gabbard, G. 1998). Therefore, the therapist has a fiduciary duty to act in the best interest of the client, and is ultimately responsible for managing boundary issues and is therefore, accountable should violations occur (Gutheil, T. G., & Gabbard, G. 1998). Given the power imbalance that is inherent in the
Words: 396 - Pages: 2
