I. Introduction to the Contract The contract dispute between Julie Taymor (“Taymor” or “Plaintiff”), the former director of “Spider-Man: Turn Off the Dark” (the “Musical”), and Hello Entertainment (“Hello” or “Defendant”), the producers of the Musical, has reached a critical phase as Hello recently filed its counterclaims against Taymor’s lawsuit. Plaintiff brought an action to remedy for Hello’s breach of contract and promissory estoppel. Defendant refuted Taymor on the grounds that Plaintiff violated
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22/03/2014 Lecture outline Teaching and Learning in COMM101 What is a Corporation? The Business of Business Sources of Morality The Importance of Moral Principles Past Cohort Performances HD Autumn 2013 (607) Spring 2012 (440) Autumn 2012 (674) Spring 2011 (528) 15% 6% 13% 13% D 31% 25% 28% 22% C 32% 34% 29% 25% P 12% 19% 18% 25% F 8% 10% 7% 9% TF 2% 5% 3% 6% Avg. 69.75 65.36 69.02 65.88 Autumn 2011 (701) 10% 24% 26% 25% 7% 6% 65.38 1 22/03/2014 Critical
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* Duty of care and dillgence – statute law – s180 * S588G imposes a duty upon directors to prevent their company trading whle it is insolvent . s588G requires directors to be continually monitoring the financial status of their coy (* only apply to directors) * S181 – duties to act in good faith in the interest of coy and for a proper purpose * S 191 – duties to avoid conflicts of interest * S182&S183 – not to make improper use of position or information (* apply to employee)
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CHAPTER 1: THE IMPORTANCE OF BUSINESS ETHICS Ethics- Inquiry into the nature and grounds of morality where the term of morality is taken to mean moral judgments, standards and rules of conduct. The American Heritage Dictionary- Ethics- The study of the general nature of morals and of specific moral choices, moral philosophy, and the rules or standards governing the conducts of the members of a profession. Applying Ethics to business: 1.To survive, business must earn a profit 2. Business
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to stay effective later on. Expected set of responsibilities Expected set of responsibilities gives a formal record of a representative 's obligations. An expansive, general and composed explanation of a particular employment, taking into account the discoveries of occupation examination. It for the most part incorporates, obligations, reason, obligations, degree and working states of a vocation alongside the work's title and the name or assignment of the individual to whom
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Case Study: Enron Corporation and Andersen LLP Enron was one of the biggest companies, in the industry of electricity, natural gas, and paper manufacturing. The Company's revenues in 2000 were 111 billion, which made Fortune magazine Comrade crowned her the most innovative in the United States for six consecutive years. At the end of 2001, the company declared bankruptcy with approximately -65.5 billion dollar in debt and the company’s share price fell within a few weeks from a high of nearly ninety
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strive for excellence. Wal-Mart actively follows the mission and ethical program designed by Sam Walton, the founder of Wal-Mart, values of saving customer’s money so they can live better. The foundation of Wal-Mart lies on every customer, associate, director and supplier. The organization’s focus is to build relationships and to emphasize the value of respect within the company as well as the community and suppliers. Code of ethics is a set guidelines used by any organization to establish an acceptable
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Hashimah, as the controlling directors and two principal shareholders. The company activities had expanded into provision of engineering services as part of their business diversification and expansions plan. In May 2006, the company had secured a contract worth RM750, 000 to be implemented over 6 months. Encik Zayed and Puan Hashimah were not familiar with Accounting Standards and the provisions of the Companies Act 1965, including their roles and duties as Company Directors. The company had maintained
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Introduction 2 2 Body 3 2.1 How is good corporate governance achieved? 3 2.2 Why is this concept important to Australia? 4 2.3 What are the roles, responsibilities and powers of the Board of Directors, Management and shareholders? 5 2.3.1 The roles, responsibilities and powers of the Board of Directors 5 2.3.2 The roles, responsibilities and powers of the Board of Management 7 2.3.3 The roles, responsibilities and powers of the Board of Shareholder 8 2.4 How does the Board add value to
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legally licensed by ASIC. In relation to the license that provided by ASIC, it is intended to ensure the financial services business fulfill their obligation according to the standards and meet the public prospect. Then this will help ASIC to take any action to protect the investors from engaging any
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