ASSIGNMENT - 2 LETTER & ANALYSIS TANAY RUSHEEL P 1501111 LETTER Doris Gormley, OSF Director, Corporate Social Responsibility The Sisters of St. Francis of Philadelphia, Our Lady of Angels Convent – Glen Riddle Aston, PA 19014 Dear Sister Gormley, With respect to the letter concerning the consideration of women and minorities to be included in the Board of directors and pointing out the lack of racial and gender inclusion in the Board of director’s at Cypress, let me inform
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T he role of a company‘s board of directors is to oversee corporate management to protect the interests of shareholders. However, in 1999, conflict of interest rules was waived by Enron‘s board for Andrew Fastow to create private partnerships to do business with the firm. Enron‘s reported profits momentously had influence on the transactions involving these partnerships concealed debts and losses. Enron‘s collapse raises the issue on the will to challenge questionable dealings by corporate
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NORDSTROM, INC. CODE OF BUSINESS CONDUCT AND ETHICS FOR THE MEMBERS OF THE BOARD OF DIRECTORS (Approved by the Board of Directors on November 17, 2010) At Nordstrom, great value is placed on providing exceptional service. Nordstrom is proud of its reputation for integrity and honesty and is committed to these core values. Enhancing and maintaining Nordstrom’s reputation depends on adhering to the highest standards of conduct in all business endeavors. Nordstrom Directors have a responsibility
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This paper will give two scenarios of two different torts. The first tort will be Breach of Fiduciary Duty. The paper will also show how Breach of Fiduciary Duty can be avoided and how the situation could have been avoided. The second tort will be Injurious Falsehood. This paper will also show how Injurious Falsehood can be avoided and how the situation could have been avoided. Breach of Fiduciary Duty Corporation A files for bankruptcy. The directors of the corporation recommend what seems
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crash in 1981. Hodgkinson alleges that Simms profited from selling the MURBs and this was not disclosed. • At the Supreme Court of BC, Hodgkinson sued for breach of fiduciary duty and breach of contract and was awarded damages of $350,507.62 – the amount lost on the MURBS. In this case, the judge stated that fiduciary duty is marked by vulnerability and it was established because Simms agreed to act on behalf of Hodgkinson, was in a position to affect his interests, and Hodgkinson relied
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readings done throughout this course, the most popular model for a professional-client relationship is the fiduciary; however, in some instances a paternalistic approach is regarded as the appropriate model. I hope to explain exactly what each type of relationship is as well as the benefits and shortcomings of each relationship type throughout the course of this paper. Next, I will show why the fiduciary is thought to be the best type of relationship model. As well as, how and when the paternalistic approach
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things, but then wanted to add a breach of fiduciary duty. MEI’s CEO Staples said that, “he trusted Coopers and that Coopers had agreed to do the audit to do the Audit and to serve as MEI’s business advisor…” The judge denied this request and MEI appealed. Procedural History: The judge denied MEI’s request to add the breach of fiduciary duty so MEI appealed. Legal Issue: The issue in this case is the establishment of Cooper and Lybrand’s fiduciary duty to MEI. If this duty is established
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Creating a trust Parties to a fiduciary entity Fiduciary tax terminology Fiduciary tax terminology Pass-through entities: incidence of tax Fiduciaries and the AMT Simple versus complex trust; personal exemptions Determining taxable income: five-step approach Distributions of appreciated property Disallowance of § 212 deductions Cost recovery deductions of a fiduciary Charitable contributions of a fiduciary Functions of DNI Computing DNI Terminating a fiduciary entity Fiduciaries and education planning Grantor
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1. Rule of Law:Crime: Forgery The false making of a document. 2. Rule of Law:Crime:Larceny Stealing the personal property of another. 3. Rule of Law:Crime:Theft of services Stealing Services. 4. Rule of Law:Crime:Embezzlement Stealing money entrusted to you. 5. Rule of Law:Crime:Extortion Unlawful obtaining money from another. 6. Rule of law:Crime:Vandelism Willful and malicious destruction of the property of others. 7. Rule of law:Crime: Bribary Offering or receiving something of value
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Persons Entitled to Institute the Proceeding. Only a fiduciary. SCPA 2103(1). Since the only permissible petitioner is a fiduciary defined in SCPA 103 (21), the proceeding cannot be brought prior to the issuance of letters - either preliminary, temporary or permanent. If there are multiple fiduciaries, any of them is empowered to commence the proceeding, even if out-voted by the majority. Matter of Levine, 189 Misc. 976, 72 N.Y.S.2d 806 (1947). Fiduciaries who refuse to join in the petition should be named
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