...| By the end of the lesson, you will be able to: * explain the differences between a Shareholders’ and Directors’ Meeting. * describe the process for a Shareholder’s Meeting. * describe the ways for Shareholders to vote. * describe the quorum required for a meeting. * analyse how Shareholders’ Meeting should be held as set out in the Code of Corporate Governance. | Activity 1: From William to Kate Fill in the blanks to this long letter written by Kate to William sharing his “1st day at work” experience. My darling KateJust finished my 1st day at work at Kensington Corporate & Accounting Services. What a day! I thought you would usually have an orientation on the 1st day, where people are all nice to you, buy you lunch, make sure you are all settled down, and go for tea break. That was what happened at my SIP. I think once you become an employee, it is very different. Everybody is just so matter-of-fact and after a ½ hour tour around the office and a brief introduction to everyone, I was shown my little cubicle and then work just started!!Anyway, I had to draft a couple of Notices of Resolution. I had forgotten what I studied in TP so had to check up the Companies Act in Singapore Statutes Online. Found out that the resolution under Section 161 is a/an ordinary resolution (need 50% of votes, 14 days’ notice for private companies and 14 days’ notice for public companies) and the resolution to change the name of a company is a/an special resolution (75%...
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...s Brighton Business School BA (Hons) Business Studies/Management BA (Hons) Business Studies/Management with Marketing BA (Hons) International Business Year One 2011/12 LW180 LAW FOR BUSINESS ASSIGNMENT Assessment of the Law for Business module is made up of this assignment which carries 30% weighting and the 2 hour examination at the end of the module which carries 70% weighting. The assignment is a team work assignment. Hand-in date: 10 a.m. on Tuesday 13th December 2011. Note: you may hand in your work prior to that date by posting one paper copy in the assignment box and submitting an electronic copy in the assignment drop box in the Law for Business module area of student central. This is a teamwork assignment. A team is made up of two students from within your seminar group. You must give your seminar tutor your team details in the week commencing 24 October 2011. Team work assignments must NOT exceed 2000 words. The word limit excludes footnotes and appendices. Any words outside the limit will be crossed out and not be considered part of your assignment. Each member of the team must complete a peer assessment form. The forms should be attached to the paper copy of the assignment. Generally a single mark will be awarded to the team. However, the final mark of an individual member of the team may be reduced for failure to make a fair and equal contribution to the assignment. Please note that a reduction in an individual’s mark will NOT...
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...Joe Click Link Below To Buy: http://hwaid.com/shop/gloria-smithson-and-her-husband-joe/ You Decide Assignment Scenario: Gloria Smithson and her husband Joe have created a revolutionary widget that they believe will revolutionize the industry. Joe Smithson is an engineer, and he and Gloria worked steadily for approximately 1 year to develop the design. They have applied for a patent, which is currently pending. They have created prototypes and are ready to begin looking for manufacturers and accounts. However, they have not yet created a business and are not sure which type of entity will best serve their needs. They want to create a business that can grow steadily and perhaps expand globally. Gloria has researched accounting firms and believes she has found one that will be able to answer all of her questions. She wants to develop a long-term relationship with an accountant who regularly works with start-up businesses and who has global connections. You Role: You are a business planner and accountant. Your expertise is in helping clients evaluate business formation options and business strategy. You have cultivated many international contacts in a variety of fields, including manufacturing. You believe that you will be able to help Gloria find appropriate manufacturing options abroad as well as companies in several countries with which she might want to partner. You have created an extensive memorandum that outlines the various business entity options, the strengths...
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...Company, Sole Trader or Partnership | Law 102 | 1. Sole Trader “A sole trader business is one which is fully owned by one individual. Although the owner can employ other staff, the owner retains full responsibility and ownership for the business.” (Admin. (2009). Definition - Sole Trader. ) The advantages of this type of business include no legal filing requirements or fees, as well as no professional advise for the set up of the business; you literally go into the business on your own. Simplicity is also an advantage because there is only one person running the business; there is no need for a complex organizational structure where there might be miscommunication and misunderstanding. The disadvantages to a sole trader business are the unlimited liability for the debts of their business; there is no difference between the sole trading business and the sole trader himself, meaning that they are personally liable for all the debts of the business. In addition, it is not a useful way for raising capital, and the capital must be provided through personal savings or bank loans. 2. Partnership A partnership is a business made up of two to twenty people. Similar to a sole trader, the partners involved have unlimited liability for the debts of their business. Each partner is liable jointly with the other partners in the firm. There are several advantages and disadvantages to being involved in a partnership. One of the advantages to becoming involved in a partnership...
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...rival carriers with thoughts of possibly switching, I came across the same phone on amazon. I did a few price matching but the deal amazon had been unbeatable. Now the phone was 300 dollars out of pocket to upgrade with my cellular carrier, and maybe 250 to 275 with T-Mobile and Verizon. Amazon had the phone for 124 $ through Sprint, with a new two year contract, free shipping and took care of all the third party agreements. You call that a deal, well I sure did and have been a faithful customer ever since. Now I gave this little history of my own personal experience with Amazon to show that it’s not just ordinary decision I need to give a consult on for me to advise on investing due to their popularity and fame, but to show I have witnessed firsthand on the other side of the table how the company works and how as a customer I felt for the company. In order to give that kind of advice, I will dig deeper in how the business is and if it’s worth the money to invest. Seeing the video of the company’s CEO named Jeff Bezos, I learned how he started up the company and how he laid out his plan. Jeff Bezos has a career background in computers, he stated that he also likes reading, so inventing an online book store was to him genius. In his planning he has to gather all the information that it will take to create the soon to...
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...DECLARATION I, the undersigned, hereby declare that this is my own work and personal work, except where the work(s) or publications of others have been acknowledged by means of reference techniques. I have read and understood Tutorial Letter CMNALLE/301/2014 regarding technical and presentation requirements, referencing techniques and plagiarism. Name: Palesa Moatshe Signature: P.Moatshe Student number: 35772085 Date: 2 September 2014 Witness: B. Moatshe PROMOTIONS AND DISTRIBUTION MANAGEMENT TABLE OF CONTENTS PAGE DIRECT MARKETING OBJECTIVES 3 1. To generate leads 3 2. To sell direct 3 3. To generate store traffic 3 4. To manage relationships for future sales 3 5. To inform and keep in touch 4 6. To recognise and reward 4 SOURCES CONSULTED 4 Direct Marketing Objectives There are specific direct marketing objectives which can be relevant to all three main categories, namely, acquisition, retention and financial. The main objectives are the following: 1. To generate leads -This is the key area of expenditure for direct marketing. To achieve this objective, the key consideration is to calculate how many of the leads can actually be handled by the sales force. Calculate the number of leads which can be handled, then estimate the scale of promotion required to produce these numbers bear in mind that like all direct activities, the communication can be staggered...
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...Assignment 3 Question 2 Forgiven Amount, Beginning Balance $100,000 Non-capital loss carryforwards [80(3)(a)] ($11,000 + 15,000) 26,000 $74,000 Net-capital loss carryforwards [80(4)(b)] 1989 (3,000 x 3/2) = 4,500 1994 (12,000 x 4/3) = 16,000 20,500 20,500 $53,500 Capital costs of class 8 property [80(5)] UCC 14,000 CC 60,000 (cannot be more than UCC) 14,000 $39,500 ACB of Land [80(9)] 9,000 Forgiven Amount, Ending Balance $30,500 Added to Income (50%) [80(13)] $15,250 Reduction [61.3(1)] Lesser of: Added amount under 80(13) $15,250 A-2(B-C-D-E) A = 15,250 B = 120,000 C = 115,000 D = 0 E = 50% x (10,000-15,250) = 0 15,250 – 2(120,000-115,000-0-0) = $5,250 $5,250 $10,000 Reserve [61.4] Spread over 5 years = 10,000 x 1/5 = $2,000 $2,000 $2,000 added to income, $8,000 spread over the next 4 years Question 3 PART A The shares of Kipper Ltd. do not qualify for the Capital Gains Deduction (CGD) because, under subsection 110.6(2.1), the corporation is not a Qualified Small Business Corporation (QSBC). There are three criteria for qualifying as a SBC under subsection 110.6(2.1): • Within 24 months preceding the transaction, the shares must not be held by anyone other than the individual owner or persons related to the individual owner. • Within 24 months preceding the transaction, more that 50%...
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...CHAPTER – 1 STOCK & EQUITY MARKET GLOBAL INSTITUTE OF MANAGEMENT | 1 INTRODUCTION ABOUT STOCK AND EQUITY MARKET GLOBAL INSTITUTE OF MANAGEMENT | 2 1.1 What is Stock ? In finance, a stock represents a share in the ownership of an incorporated company. In Industrial societies wealth used in production is owned in the aggregate mostly by Corporations rather than by individuals because of the huge investments required. This trend began in 17th-century England when merchants formed JOINT-STOCK COMAPNIES, pooling capital to be used jointly in trading and manufacturing. Participants then received dividends, shares of the common PROFIT proportionate to their original investments. The Definition of a Stock : Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company’s assets and earnings. As you acquire more stock, your ownership stake in the company becomes greater. Whether you say shares, equity, or stock, it all means the same thing. The wealth of individuals includes claims against, or investments in, corporations. These are called securities, the two most common being bonds and stocks. Corporate bonds are evidences of corporate debt to the bondholder. Stocks are evidences of ownership, or equity. GLOBAL INSTITUTE OF MANAGEMENT | 3 Investors buy stock in the hope that it will yield income from dividends and appreciate, or grow, in value. 1.2 History of Stock Market Indian Stock...
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... I do hereby declare that the project entitled “DETAIL STUDY OF HDFC- MUTUAL FUND” submitted as a part of the requirement for the partial fulfillment of Master of Business Administration at BIJU PATNAIK UNIVERSITY OF TECHNOLOGY, ORISSA is an original piece of work done by me under the guidance of • Mr Manmohan Mohapatra (Branch manager) • Mr Sanket Swaroop • Mr Vikash Gupta. At HDFC Mutual Fund , Rourkela has not been submitted for award of any degree else where in part or full. Name:-Md Nabeel Regd :-0706519040 [pic] certificate of the Guide This is to certify that the work entitled “DETAIL STUDY OF HDFC- MUTUAL FUND” is a piece of Summer Project Report done by MD NABEEL, student of MBA IV Trimester IIPM SCHOOL OF MANAGEMENT, Kansbahal , Rourkela bearing Reg. No 0706519042 under my guidance and supervision for partial fulfillment of MBA curriculum of BIJU PATNAIK UNIVERSITY OF TECHNOLOGY, Rourkela, Orissa. To the best of my knowledge and belief the Summer Project Report: 1. Embodies the work of the candidate himself. 2. Has been duly completed 3. Is up to the standard both in respect of contents and language for being referred to the examiner. Forwarded Internal Guide JYOTSNA RAI IIPM School of management...
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...Handbook on Basics of Financial Markets NATIONAL STOCK EXCHANGE OF INDIA LIMITED Basics of Financial Markets What is Investment? The money you earn is partly spent and the rest saved for meeting future expenses. Instead of keeping the savings idle you may like to use savings in order to get return on it in the future. This is called Investment. Why should one invest? One needs to invest to: earn return on your idle resources generate a specified sum of money for a specific goal in life make a provision for an uncertain future One of the important reasons why one needs to invest wisely is to meet the cost of Inflation. Inflation is the rate at which the cost of living increases. The cost of living is simply what it costs to buy the goods and services you need to live. Inflation causes money to lose value because it will not buy the same amount of a good or a service in the future as it does now or did in the past. For example, if there was a 6% inflation rate for the next 20 years, a Rs. 100 purchase today would cost Rs. 321 in 20 years. This is why it is important to consider inflation as a factor in any long-term investment strategy. Remember to look at an investment’s ‘real’ rate of return, which is the return after inflation. The aim of investments should be to provide a return above the inflation rate to ensure that the investment does not decrease in value. For example, if the annual inflation rate is 6%, then the investment will need to earn more than 6% to ensure it increases...
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...knew that he would have to make his dreams come true through hard work and talent. SES is the company that he is working for. In here, he felt that this would allow him to thrive and start his ambition. When the opportunity appeared, Adam realized that he could create something of his own. The new venture, in which he had successfully persuaded SES to invest to and had seemed only fair for Adam that he should be appointed as the CEO of the chain hotels but the phrase that was said to him by his employer and mentor, Merwyn, disappointed Adam deeply. Since Adam is the brain of the business venture it seems indeed fair that he should be the new CEO of the hotel chain. II. Objectives We will be able to find out the best solution that would fit the situation of the two good friends without affecting their relationship. We could identify the proper approached to be exercised in situations like this. We will be able to find out what is the right decision that Adam Baker will be choosing. If either he will pursue to Merwyn that he must be the new CEO of the hotel chain or he will just accept the decision of Merwyn that he be more experienced for him to be able to handle to task of a CEO. III. Issues/problems The first issue in this case is whether Adam wants to get the CEO Job or wants to be the CEO. There’s a difference. Does he want the title so that he can have more status, or would he find the role meaningful and fulfilling? Being a CEO is a tough job. You have to make...
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...appropriate strategy to pursue in order to reach the organisation’s vision. After conducting a situational analysis you have a lot of information to process from which you can formulate possible strategies. The different paths to take are the strategy choices you can decide on (Management Study Guide, n.d.). Strategy formulation is the step before strategy implementation, in which the chosen strategy will be put into action. Carefully analysing the situation and formulating the strategy is important, since implementation follows right after and making a mistake in the formulation phase has essential consequences later on (Hill & Jones, 2015). 2. How to formulate strategies? (TOWS matrix) After completing the SWOT analysis you have an overview of internal strengths and weaknesses and external opportunities and threats. But having this information is not enough. In order to formulate a strategy you need to confront the finding and turn the SWOT table into a TOWS matrix. This TOWS matrix confronts all four elements with each other. Based on the confrontation different strategies can be retrieved. The maxi-maxi strategy makes use of strengths to exploit opportunities. The mini-maxi strategy advises to use the opportunities to overcome weaknesses. With the maxi-mini strategy the strengths are used to avoid threats (Van den Berg, 2015). Finally, the mini-mini strategy advises to reduce weaknesses and avoid threats. The mini-mini strategy is the least useful strategy to pursue in order...
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...devices in the world. They began their rise to the top in the late 1970’s with two individuals, Steven Wozniak and Steven Jobs. They met in high school where they became good friends and kept in touch after graduation. After they both dropped out of college they began working for companies in Silicon Valley. While Jobs was working at Atari, Wozniak was at Hewlett-Packard. Wozniak had been dabbling in computer-design for some time when he came up with the design that would later become the Apple I. Jobs convinced Wozniak to try and sell his design and on April 1, 1976, Apple Computer was born. The company didn’t really take off until 1977 after the Apple II debuted at a local computer trade show. From there the company grew, by 1980 Apple had thousands of employees and started selling computers internationally. While the company grew so did sales. So Apple took on new investors, older more conservative men, who opted to take seats on the board of directors. These new directors were serious about making Apple a “real company”. As the company gained steam the market became saturated and it became more difficult to sell computers. While the company began to struggle, Jobs had become unhappy with John Sculley CEO of Apple. In 1985 Jobs was at his wits and resigned from Apple, only to go back in 1996 when his company NeXT was purchased by Apple. The next year he became Apple’s interim CEO which later became a permanent position. Jobs soon instilled his philosophy of recognizable products...
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...Franchising October 27, 2012 Fred’s capability and capacity to be a franchisee When looking at the mind set of Fred I really don’t think he truly set down with his family and accounted the price of being a franchisee. He should have knowledgeable family members discussed the idea of buying a franchise and the cost of such a huge decision on his and wife personal life. Fred thought was to go back to his hometown of Indianapolis to pursue semiretirement. This was his first Fred’s problem. Fred and his spouse but mainly Fred I don’t think was ready to make the necessary sacrifices in the way of time many hours in order to operate a franchise. There appears to me that Fred isn’t physically able to handle the emotional and physical strain involved in operating a franchise, caused by long hours and tedious administrative chores. Fred doesn’t seem prepared to give up some of his independence of action in exchange for the advantages the franchise offers him. This goes back to family and friends whereas Fred should have asked his friends and relatives for their candid opinions as to his emotional, mental and physical suitability to running his own businesses especially since his mind set was on semiretirement (Editor's, 2005). I believe the other issue of concern with Fred was that he was moving too fast in opening multiple units. Opening a single franchise unit is often one of the most challenging and sometimes rewarding things an entrepreneur can do. Opening numerous units of a franchise...
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...Want to start a startup? Get funded by Y Combinator. | August 2010 Two years ago I wrote about what I called "a huge, unexploited opportunity in startup funding:" the growing disconnect between VCs, whose current business model requires them to invest large amounts, and a large class of startups that need less than they used to. Increasingly, startups want a couple hundred thousand dollars, not a couple million. [1] The opportunity is a lot less unexploited now. Investors have poured into this territory from both directions. VCs are much more likely to make angel-sized investments than they were a year ago. And meanwhile the past year has seen a dramatic increase in a new type of investor: the super-angel, who operates like an angel, but using other people's money, like a VC. Though a lot of investors are entering this territory, there is still room for more. The distribution of investors should mirror the distribution of startups, which has the usual power law dropoff. So there should be a lot more people investing tens or hundreds of thousands than millions. [2] In fact, it may be good for angels that there are more people doing angel-sized deals, because if angel rounds become more legitimate, then startups may start to opt for angel rounds even when they could, if they wanted, raise series A rounds from VCs. One reason startups prefer series A rounds is that they're more prestigious. But if angel investors become more active and better known, they'll increasingly...
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