Table of Contents Synopsis. 1 Introduction 2 Types of companies. 2 Process of setting up a company. 4 i. Pre-registration 4 ii. Registration 5 iii. Post registration and ongoing requirements. 6 Choice of companies 7 Advantages and Disadvantages 7 Liability 8 Conclusion 9 Bibliography 11 Synopsis. There are many types of company that Ted can establish, but the ones that Ted should consider are companies limited by shares and unlimited companies, either
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people. In short, consequentialism is the decision is ethical if the positive outcome is greater than the negative outcome. Deontology is the ethical theory that is concerned with duties and rights. Whereas consequentialism is concerned with actions consequences, deontology is concerned with the obligation or duty motivating the decision (Brooks, 2007, p. 330). Decisions are based around moral standards, rights, fairness, and principles. Virtue ethics seems to lie somewhere between consequentialism
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capabilities under the realm of law. The capabilities would include employing personnel, making contract, owning property, paying taxes and so on. A company can also sue and can be sued. Under the eye of the law, anything that is capable of rights and duties is a person and thus has a personality. Persons can be of two types under the eye of law (i) natural persons and (ii) artificial persons. Natural persons are human beings and artificial persons are those created for the purpose of laws known as corporations
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employer engages in an activity—or requests that the employee engage in an activity—that violates the employee’s ethical standards but does not violate any public policy or law? In such a situation, does an employee’s duty to abide by her or his own ethical standards override the employee’s duty of loyalty to the employer? When there is an agent employee to an employer relationship, obedience and loyalty are to be given to the employer almost fully, if anything completely. For example, when I go to apply
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listed company are needed to set up an AC. According Millichamp et al (2008), it should comprise of no less than three non-executive managers who are independent directors. The members should expert in certain areas in company, however should have no on-site managing the management of the business. Besides, members should state their duties and powers clearly in written form. External audits normally furnish non-audit services across the year and rely on the inner control. They furnish reasonable
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elements of contract in given businesses scenarios……………………………………………………………….7 Apply the law on terms in different contracts……………………………………………………………………………………..…7 Evaluate the effect of different terms in given contracts……………………………………………………………………....8 Duty of care in the tort of negligence & Difference between liability in tort and contractual liability…….8 Explain the nature of liability in negligence……………………………………………………………………………………………9 The concept and elements of vicarious liability in business…………………………………………………………………
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with both federal and state regulations and foreign standards are imperative to follow. The focus of the compliance plan will demonstrate the commitment to compliance, along with laying down the required standards and the practices exceeding legal obligations. The company will adopt a proactive role in compliance issues to protect Riordan's interests, employees, environment, and the stakeholders. A compliance culture is likely to result in a higher level of compliance performance. Areas of compliance
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community. One fact that I feel like that is missing that should be obtain is director of the agency applied to seven different foundations and hope to at least get one and they receive three I feel like more information should be given and stating what they would do with the rest of the money. I understand they request 10,000 for a part-time administrative assistant. The potential stakeholders are the agency, director and the clients. The potential outcome both good and bad for the stakeholders
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TOPIC Banks have throughout time been imposed with the duty of secrecy owed to a customer. Unlike United Kingdom, Malaysia has codified this duty of secrecy and also similarly codified all the exceptions to this duty. With reference to the relevant banking legislation in Malaysia and case law, discuss and evaluate the scope of the duty of secrecy and its qualifications. Suggest also legal reforms to strengthen the bankers’ duty of secrecy owed to the customer. Introduction Loyalty and confidentiality
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H8032-Prelims.QXD 7/1/06 11:08 AM Page i CIMA’S Official Learning System CIMA Certificate in Business Accounting, 2006 Syllabus Certificate Level Fundamentals of Ethics, Corporate Governance and Business law David Sagar Larry Mead Philippa Foster Back H8032-Prelims.QXD 7/1/06 11:08 AM Page ii CIMA Publishing is an imprint of Elsevier Linacre House, Jordan Hill, Oxford OX2 8DP, UK 30 Corporate Drive, Suite 400, Burlington, MA 01803, USA First edition 2006
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