ARTICLE 1 The exact name of the corporation is : BAGBLOCKERS,INC. ARTICLE 11 Unless the articles of organization other provide, all corporations formed pursuant to G.L. C156D have The purpose of engaging in any lawful business. Please specify if you want a more Limited purpose: THE CORPORATION MAY ENGAGE
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the company’s poorly planned growth strategy, unethical behavior, and poor corporate governance. Organizational Structure and Growth Strategy Revenue growth by acquisition laid the foundation for WorldCom’s corporate strategy. Although this strategy propelled WorldCom to the forefront of the telecommunications industry by consolidation, it left the management and leadership unprepared for the challenges of merging corporate cultures. Integrating two very different business leadership styles into
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with foreign currency, and the differences in GAAP of the two corporations. The Boeing Company takes its regulatory governance very seriously and the company has worked very hard to meet the challenge of SOx compliance. In order to ensure the company is SOx compliant, Boeing has employed significant resources. One of these resources is the Corporate Audit organization. Corporate Audit is responsible for reviewing the internal control system to assure that all organizations are achieving the regulatory
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Corporate governance and Auditing Introduction Corporate governance is a method that the proprietors and financial providers of a business exercises power and necessitate accountability for the assets that is trusted to the business. The proprietors choose a board of directors to be responsible for overseeing the business’s actions and accountability to interested parties. Many parties have a stake in the quality of an organization’s corporate governance. In this assignment, I will discuss two
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each other (Livingstone, 2009, P. 4). The SOX is the first step in holding companies accountable and is a model for accounting practice reform. The SOX controls auditors’ independence and responsibility by fighting business fraud and improving corporate governance. Tsui (2009) stated that “the SOX increases personal liabilities of senior management and introduces extremely cumbersome compliance processes” (p. 22). Raghavan (2007) explains that: “In CFO Research Services’ survey of 180 finance executives
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Synopsis of Adelphia Communication Issue in the Scenario that is facing the company Adelphia Communications was a publicly held company owned mostly by the founder John Rigas and his family. Adelphia had a board of directors the consisted of nine people, five of them appointed by the Rigas. Over a five year period of time the Rigas family “loaned” $3.1 billion dollars from Adelphia. This was $800 million more than what was initially reported during an SEC investigation (Patsuris, 2002). These “loans”
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Organizational Structure MGT 230 April 8, 2012 Dr. John Opinski Organizational Structure Organization and planning are an essential asset for organization’s to attain the highest level of efficiency and achieve success. Microsoft is an organization with a structure composed of a chief executive officer (CEO), who is Steve Ballmer, a board of directors, executives, and senior and technical leaders. Microsoft has grown since it was founded in1975 and is currently a worldwide leader in services
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new enhanced standards are necessary. 3. Evaluate the benefits and costs of the SOX. 1. Analyze the new or enhanced standards for all U.S. public company boards, management, and public accounting firms that the SOX required. Corporate governance becoming increasingly subject to stakeholder scrutiny, compliance to and deployment of a set of financial management standards has become mandatory for the board of directors of most organizations. The Sarbanes-Oxley Act of 2002 (Pub. L. No
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Manual Corporate Governance SCGOP Contents Foreword 3 1 The mission of the Foundation for Corporate Governance Research for Pension Funds and the purpose of this manual 5 2 Corporate governance in practice in the Netherlands 7 3 Basic principles of corporate governance 11 4 Corporate governance and performance 14 5 Institutional investors and corporate governance 16 6 Formulation of a voting policy 19 7 2 The exercise of voting rights
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What nonfinancial matters should be considered before accepting Ocean as a client? How important are these issues to the client acceptance decision? Why? The primary nonfinancial consideration to be taken into account is management competence and integrity. As CPAs, we are held to the highest standards of ethics and integrity. Therefore, it stands to reason that it would not be a wise professional move to associate with clients whose competence and integrity are questionable. In the case
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