Brian Han Ethics Case Study Issue: Was the decision to provide free yard maintenance to hospital board members ethical? Rule: A conflict of interest is a set of circumstances that creates a risk that professional judgment or actions regarding a primary interest will be unduly influenced by a secondary interest. Analysis: When the maintenance crew was ordered by the CEO to provide free services to the board of trustees, a conflict of interest occurred for the board members. The primary interests
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BUSM4157_1510 Corporate Governance and Regulation Individual Assignment: David Jones Adam Golding S3468032 Words: 2156 Executive Summary This essay examines the example of two former directors of retailer David Jones – Leigh Clapham and Steve Vamos. The two directors made the decision to purchase shares in the company during a delicate period for the company and while decisions were being made about it’s future. Discussion on the damage this decision caused to David Jones and the
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An irrevocable trust is a trust with basis and offers that cannot be altered by the grantor. When you make a gift of an asset to a beneficiary during life time, the property is excluded in your taxable estate at your death. This trust offers an option to a give an asset to a beneficiary to enable reduction of taxable estates. Having a trust, you can set the timing of distributions for example in education alone. Another useful positive impact of an irrevocable trust is that it offers substantial
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Corporate managers and shareholders can sometimes find themselves in a conflict of interest. The goal of being a good manager is being able to spot these potential conflicts and to remedy the situation before a serious problem arises. The biggest conflict between managers and shareholders is going to be money. Here is the most common scenario. A corporation is profitable. In fact, the corporation is more profitable than expected. Therefore, the corporation has a cash surplus, if you will. Managers
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Organizational Structure Now in this section I will be discussing about Telus CEO Darren Entwistle whose outside board besides running Telus is being on the board at George Weston Ltd, who has been the CEO for 12 years (since 2000) and the board of directors like R.H. (Dick) Auchinleck who is one of the corporate directors and whose outside board includes Conoco Phillips which is an oil and gas company. He was also was the president and CEO of Gulf Canada till his retirement in 2001 after
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Legal Issues in Ministry Pierce Grayson Monday, June 21, 2010 Yorba Linda Calvary Baptist Church Scandal Accountability is something that we all need to experience in our lives. It’s great for people struggling with addictions and in need of prayer and support. It's also a safeguard against other kinds of temptations that the Yorba Linda Calvary Baptist Church in Yorba Linda, California experienced the late 1990s. The senior pastor Richard Cunningham and his son,
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Professional Level – Essentials Module Business Analysis Wednesday 10 December 2008 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section A – This ONE question is compulsory and MUST be attempted Section B – TWO questions ONLY to be attempted Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed
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Matter of Auer v. Dressler Brief Facts: The President of R. Hoe & Co, Inc., refused to call a special meeting requested by Petitioners, class A stockholders. The trial court granted the mandamus to compel the special meeting Rule of Law: Class A stockholders have a right to call a special meeting to be heard on their disproval of management decisions, to elect and remove directors and to amend bylaws. Facts: Petitioners submitted a written request for a special meeting of class A stockholders
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October 1, 2010 Denise Resendiz Professor Gunter Kimpton Hotels Earthcare Program What are the benefits of Kimpton’s environmental sustainability initiatives? What are its costs? The benefit of the program is to put back into the earth what is being taken out. Many companies who support Eco friendly establishments will book specifically with the Kimpton hotel in support of their EarthCare program. The costs are greater for not putting back into the environment what is taken out
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Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfill its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term. Stakeholders in this case would include everyone ranging from the board of directors, management, shareholders to customers, employees and society. The
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