CLMP Manufacturing Plan of activities (5s Principles) a. Rationale: This plan of activities will enable the organization to set goals in attaining and implementing the 5s in the workplace with unified vision, shared thoughts and values to be able to be competitive enough in the world of business for we believe that implementing 5s may lead the company to success. b. Objectives: * To introduce 5s to the organization and appreciate its importance; * To keep the workplace clean, providing
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failed to find or simply overlooked the fraud at HealthSouth. Central to the investigation was the issue of what role Mr. Scrushy played in “cooking the books.” However, as the case unfolded, it highlighted many other issues such as: The role of Board of Directors in corporate governance; the role of the auditors; the effect of conflict of interest between an accounting firm and its consulting arm on auditing; whether the relationship between an investment bank and a company affects the quality
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Introduction In general, the role and duties of corporate directors are to manage company affairs, holding the board of directors meeting, and selecting the managing director or CEO to operate the company. Yet, in real world, the directors will abuse their power to exclude minority of directors, or make selfish decision with their own sakes of interests in the expense of company interests. For example, managing directors will maximize their director fees without the paying of dividends, or excluding
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position of director by whatever name called.”(Keane 1991) The primary function of a director is to manage the company on behalf of the members. The Articles of Association usually provide for the delegation of the members’ management powers to the Board of Directors and many of the functions of the directors are set out in a company’s Articles of Association. (Abbott et al 1993) The relevant legislation that applies to companies and its directors is the Companies Act 1963. It states regulations
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ABN AMRO Group N.V. 2011 Notes to the reader Introduction This is the Annual Report for the year 2011 of ABN AMRO, which consists of ABN AMRO Group N.V. and its consolidated subsidiaries. The Annual Report consists of the Managing Board report, Supervisory Board report, and the Consolidated Annual Financial Statements. Presentation of information The financial information contained in this Annual Report has been prepared in accordance with International Financial Reporting Standards (IFRS)
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external stakeholder. Dr. Do Right has a duty of loyalty to employees, society, and board of directors. Each duty of loyalty has its’ own significant meaning. Dr. Do Right signed a contractual agreement with Universal Human Health Hospital and took an oath to run the daily operations of the hospital, implement procedures and decisions made by the board of directors, and give updates and reports to the board members and shareholders about the financial status and daily operations of the
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Forgiving a Director’s Breach of Duty: A review of recent decisions By Steven Wong1 1 Senior Associate, Corrs Chambers Westgarth, Perth. The author can be contacted at steven.wong@iinet.net.au. 4980429v3 Forgiving a Director’s Breach of Duty: A review of recent decisions Introduction Amid fears of a global recession, directors may well be concerned that their conduct will be scrutinised should they be involved in a corporate collapse. Honest directors risk becoming embroiled in litigation
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contents Board of Directors chairman’s Letter Management Discussion and Analysis corporate Governance shareholder Information Directors’ Report Auditor’s Report Balance sheet and Profit & Loss Account Bajaj Auto Ltd. and its subsidiaries, consolidated Balance sheet and Profit and Loss Account 4 5 0 24 36 42 52 56 99 2 3 Board of Directors Rahul Bajaj chairman Madhur Bajaj Vice chairman Rajiv Bajaj Managing Director Sanjiv Bajaj executive Director D S Mehta Kantikumar R Podar
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1. Executive Summary ________________________________________ ‘Do directors have to be accounting standard gurus?’ ‘How do directors spot the ticking bomb buried deep in a massive board pack? These are some of the questions making top headlines following the Centro case decision made by Justice Middleton of the Federal Court on the 27 June 2011. The issue of contention was whether the directors had sufficiently carried out a review of the financial statements, and if they had, whether
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companies, created a stir in 1996 when it stated in its annual report that “Our commitment is to create value for you, our shareholders.” This was quite different from the usual German model, in which companies have representatives from labor on their boards of directors and explicitly state their commitments to a variety of stakeholders. As one might expect, Veba’s stock has consistently outperformed the average German stock. As the trend in international investing continues, more and more non–U.S
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