the patient unnecessary drugs to end her patient’s life, without the consent of the patient or her family. Another ethical consideration is it would be unethical for me, another nurse, not to report Nurse Nancy’s intentions to my superiors. It is my duty to protect the patient from harm and to act rationally in the care of the patient. It is unethical to put the patient in a satiation that
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“Deconstructing Independent Directors”(*) María Gutiérrez Maribel Sáez Universidad Carlos III de Madrid and ECGI Universidad Autónoma de Madrid January 2012 Abstract In this paper we argue that boards of directors lack the mandate, the incentives and the ability to control insiders, especially in jurisdictions where the main agency problem arises between controlling and minority shareholders. We analyze the problems that render independents an inefficient monitoring device for
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Commercial Bank BCCI: Bank of Credit International SEC: Securities and Exchange Commission ABSTRACT The way in which auditors perform their duties and the auditing profession in general raises questions and puts the auditors on the spotlight from clients who rely on their reports. Questions on whether the public trust the way auditors perform their secondary duty of detecting errors and frauds, the reliability, completeness and accuracy of their auditing reports have been raised. The research focuses
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an audit. In any company there must be segregation of duties to ensure there is no misstatements. I am starting a new job in a few weeks and one of the topics that was discussed during my initial interview was segregation of duties. The discussion evolved around the fact that tellers could be responsible for many duties but due to the segregation of duties rule there were certain tasks creating a risk of fraud. Auditors have a duty to investigate anything they feel may be fraud or possible
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and foreseeable third persons a duty of reasonable care not to misrepresent material facts in the course of making an employment recommendation about a present or former employee, when a substantial risk of physical harm to third persons by the employee is foreseeable (Walsh, 2010). The defendant in this case is Joseph "Tinie" Herrera and the plaintiff is Mariah C. Davis. Joseph former supervisors Frank Steele (Director) and Al Mochen (Captain and Assistant Director), both gave positive endorsements
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Duty Exemption and Drawback Background[1] The Duty Exemption and Drawback facility enables exporters and deemed exporters to claim, within 6 months of exports, the duties and taxes paid on raw materials used in the export process. Apart from imported raw materials, businesses are entitled to duty exemption and drawback on taxes paid on utilities and, in some case, on the fuel consumed in the production process. Eligible exporters can claim their drawback by filing their claim with the
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earnings expectations c. Rationalizing that all companies use aggressive accounting practices d. A weak board of directors Failure to meet Wall Street's earnings expectations Which of the following is an example of a perceived opportunity that can lead to financial statement fraud? a. Inability to compete with other companies b. Independent audit and a strong board of directors c. Thinking that fraud is good for the company d. Inadequate internal controls Inadequate internal controls
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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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The legal system of the Hong Kong Special Administrative Region (HKSAR) is based on the rule of law and the independence of the judiciary. The constitutional framework for the legal system is provided by the Basic Law sanctioned by the National People’s Congress of the PRC. Under the principle of ‘one country, two systems’, the HKSAR legal system, which is different from that of Mainland China, is based on the common law, supplemented by local legislation. All legislation in force in
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The company’s liabilities are also its own and the shareholders and directors of the company are not personally liable. This is also exemplified in the case of Saloman v A Salomon & Co Ltd (1987) where the court held that the shareholders are not liable for the firm’s liabilities. Exceptions to this are when the directors are fraudulent or incur debts without the reasonable prospect of payment. These would render the directors invovled personally liable for fraud or debts. (see summary notes)
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