SUMMARY Delima Enterprise is founded in 1981 by Encik Zayed. The main activity of Delima Enterprise is conducted trading and supplying related products including manpower supplies to the oil and gas industries. The company activities had expanded into provision of engineering services. Due to encouraging business growth in 2004, the Delima Enterprise was incorporated as Delima Enterprise Sdn Bhd. Since 2006, the company awarded with several engineering projects and its cumulative revenue for 2004
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of the Wall Street Journal's MarketWatch website. Fiduciary Duties and Ethical Problems Businesses typically operate under fiduciary duties, or obligations. These fall into two broad categories of loyalty and care. These duties essentially stipulate that a businessperson should act truthfully, in a timely fashion and in the best interest of the consumer. Prior to the subprime mortgage and foreclosure meltdown, lenders ignored these fiduciary duties, engaging in unethical practices such as misleading
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Buder, then minor children of Ms. Sartire Buder and ex-husband Alexander Buder. The mother filed an action against the father based on his alleged breach of the fiduciary duty he owed the couples minor children as the custodian of gift money they had received from a grandparent. The trial court found that the father had breached his fiduciary duty and assessed damages and attorney fees. The intermediate court affirmed and added attorney fees on appeal.
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CAN ONTARIO IMPROVE ITS INSIDER TRADING REGULATION AND ENFORCEMENT BY ADOPTING POLICIES USED IN THE USA? Prepared by Muhammad Bilal Amjad 2B Accounting and Financial Management ID 20429857 AFM 231: Business Law School of Accounting and Finance University of Waterloo Friday, August 9, 2013 Abstract The purpose of this paper is to present potential suggestions on how Canada (more specifically, Ontario) can improve its insider trading regulation and enforcement. In order to do so, this
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Social security was first adopted in the year of 1935. Income security was the main goal of providing social security which is achieved through retirement benefits. The career earnings were the foundation of an individual’s retirement. However replacement of income from the allocated time worked remained the primary foundation of social security. Social Security benefits expanded over the course of time to include benefits which covered the spouses, survivors, and the disabled. An individuals earning
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COMPANY LAW 266 ASSIGNMENT RUTHRAN SEEVANATHAN 14550036 SEMINAR FRIDAY 1-4PM TUTOR: YVONNE TIEN Company Law266 Assignment (a) What means, if any, are available to ‘Health Plus’, to expel Annabel from the partnership? Introduction to law The area of law addressed in this issue is Partnerships: Partnership agreement, Fidicuary Duties of partners and expulsion from the partnership. Explaination of law Section 7(1) of the Partnership act states that a partnership can be defined as the contractual
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Corporation Scenario Paper LAW 421 2015 Part A The Sarbanes-Oxley Act of 2002 is a United States Federal law that set new or improved standards for all U.S. public company boards, management, and public accounting firms. SOX was created as a reaction to a number of major corporate and accounting scandals such as Enron in 2001. These sections of the bill cover responsibilities such as public corporation’s board of directors, criminal penalties for misconducts, and essentially defines how public
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Governmental Funds Balance Sheet to the Statement of Net Assets, the Statement of Revenues, Expenditures, and Changes in Fund Balances-Governmental Funds, and the statements associated with the other governmental fund categories, general, propriety and fiduciary. The county’s fiscal year ended June 30, 2013 and the reports were released on December 16, 2013 (Paulding County, GA 2013). Mauldin & Jenkins CPA, LLC of Atlanta, Georgia, independently audited the county’s basic financial statements. They
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Question 1: Were there any abuse of power by the management and breach of fiduciary on the part of the directors? Yes, there is abuse of power by the management and breach of fiduciary on the part of the directors by Encik Zayed and Puan Hashimah. Fiduciary duties require director act in the interest of company and free from conflict of interest However, the Chief Executive Officer (CEO) and Chief Operating Officer (COO) taking own interest from company. For example, the personal vehicle expense
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responsibility and are considered fiduciary. They have responsibilities to safeguard the assets of the company and can be held personally liable. Part of their responsibilities includes plan administration functions such as maintaining the financial books and records of the plan, and filing a complete and accurate annual return/report for your plan. Fraud and errors can occur at any point in the system. That is why it is important to establish safeguards to ensure the fiduciary responsibilities are met
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