Were there any abuses of power by the management and breach of fiduciary on the part of the director? According to Section 132(1) Company Act 1965, a director shall at all times act honestly and use reasonable diligence in the discharge of the duties of his office. In this matter the answer is yes, there’s an abuse of power by the management and breach of fiduciary duty of director. A fiduciary is someone who is in control of property in which others have an interest, or is given a power which is
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approaches to manage risks are beginning to install internal control systems. Insurance and Portfolio Approaches to Risk Managing risk is a process for identifying, assessing, and prioritizing risks of different types. Insurance is a type of risk management used to protect against the risk of an unexpected loss. Insurance can be defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment (Wikipedia, 2012). Buying insurance is not the best way to reduce
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A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models By Enyi, Patrick Enyi Ph.D, MBA, B.Sc, ACA, ACCA, MFP, RFS. Fellow, American Academy of Financial Management (AAFM) Member, American Accounting Association (AAA) Head, Department of Accounting, Covenant University, Ota, Nigeria A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models Abstract The introduction of the Altman’s Z-score model in 1983 and much recently the Enyi’s Relative
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Risk management in the health care in the past risk management and quality improvement job was separate in the health care organization. Even though, the job function may have been different the goal was the same. As up today they have close the gap to provide a better, and safety quality patient care. Rationale What is risk management any way not everyone has the same meaning. It can be define as such Risk management is a process for identifying, assessing, and prioritizing risks of different
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four years until the year 2000. The goals of the project were to upgrade and standardize company hardware, move from a mainframe-based network to a client-server network, and use these advancements in the firm’s IT infrastructure to support better efficiency with suppliers and customers. Industry demands had increased the importance and need for more
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Product strategies of private life insurance companies 2. A study on "why companies should go for outsourcing" 3. Effectiveness of advertising on real estate sector 4. Study on consumer expectations and perceptions towards consumer loans 5. Workers attrition rate at hotel industry is increasing. Study regarding this issue 6. Attrition rates at different sectors 7. Effectiveness and scope of employee referrals in the process of talent sourcing 8. Study of training needs across different industries
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and effectively for accountants. - IS can be crucial to an organisation’s success by facilitating day-to-day operations processes and by providing useful information for the organization’s management. [16] It is important to an organization as it facilitates operational functions and supports management decision by providing information that managers can use to plan and control the activities of the firm. It can also use decision models to present output information for decision making. Components
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Introduction 1. Banking industry and financial sector Within the global banking industry, financial sector is an important part of overall global economy and is primarily composed of banking institutions, money markets and financial brokers. This sector is considered as a vital component of developed economies such as the USA, UK, Switzerland and Japan. The definition of a retail bank as described by the banking industry is that it operates within the financial institutions offering services
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Engaging with and focusing on customers’ needs * Increasing efficiency and effectiveness, e.g. establishing cost savings/ best practice * Reducing carbon emissions. Vision - aspirational and inspirational: NATS’ vision: ‘to be acknowledged as a global leader in innovative air traffic solutions and airport performance’. NATS Key challenges are: * Economic pressure * Globalisation of the market * Higher efficiency and environmental targets * Increasing competition. SMART
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MacDonald's McDonald's fast-food restaurants departmentalize varying elements of their operation to optimize efficiency. This structure is divisional, meaning each specific company operation is segmented (for example, operations, finance/accounting, marketing, etc.). Here is McDonald's corporate organizational structure: Career orientation Managers are career professionals, not owners of units they manage. * Giving training courses to new employees. * Giving workshops.
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