CASE STUDY 12.1 PROFITEL INC. By Steven L. McShane, University of Western Australia As a formerly government-owned telephone monopoly, Profitel enjoyed many decades of minimal competition. Even today as a publicly traded enterprise, the company’s almost exclusive control over telephone copper wiring across the country keeps its profit margins above 40 percent. Competitors in telephone and DSL broadband continue to rely on Profitel’s wholesale business, which generates substantially more profit than
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Post-1945 Multiple Choice and Short Answer 1: Dreaming - refers to all that is known and understood by Aboriginal people. It is the central spiritual concept because it determines not only beliefs and values but also relationships with other people and the overall environment. Aborigines are able to understand creation in a continuing and living sense by virtue of the Dreaming. It explains how the world was created by their ancestors and is passed on orally. E.g. dreaming stories such as the
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Fair market value varies from transaction to transaction. No exact range has been recognized as to what is fair. In an effort to avoid potential violations of the federal anti-kickback statute, the Stark self-referral law and IRS intermediate sanctions, it is critical for parties to document why the remuneration is at fair market value. Moreover, it is important to consider all terms of a transaction, not just the monetary value, in establishing and evaluating fair market value. In order to bolster
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CORPORATE GOVERNANCE LESSONS FROM ENRON SCANDAL The Enron scandal is the most significant corporate collapse in the United States since the failure of many savings and loan banks during the 1980s. This scandal demonstrates the need for significant reforms in accounting and corporate governance in the United States, as well as for a close look at the ethical quality of the culture of business generally and of business corporations . PROBLEMS : Paying directors with stock may have aligned
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American Express Chairman/CEO Influence and Outcomes 7/30/2011 TABLE OF CONTENTS American Express Overview 3 James D. Robinson 3 Success and Failures of Robinson 3 Board Of Directors 4 Decisions Required 4 Candidates for CEO Position 5 Robinson’s Strategy 5 Decisions Of The Board 5 Problems Faced By American Express 6 Solution 7 Lessons Learnt 7 References 7 AMERICAN EXPRESS OVERVIEW American Express Company (American Express), incorporated
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all things for Aboriginal people. It links together the past, present and future. * Freehold title – Absolute and permanent ownership of the land. * Half-castes – An offensive term referring to a person of mixed decent or ethnicity. * Land rites – Property rights pertaining to land. * Meta-temporal – the trinity of the past, present and future. * Native title – Form of land title, which recognises aboriginal people as rightful owners of their traditional land. * Protection
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FORDHAM UNIVERSITY SCHOOLS OF BUSINESS CEO-Director Connections and Corporate Fraud N.K. Chidambaran Simi Kedia Nagpurnanand R. Prabhala Working Paper 2010-009 Copyright © 2010 by N.K. Chidambaran, Simi Kedia, and Nagpurnanand R. Prabhala Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holders. Copies of working papers are available from the authors. Electronic
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Facilitate/Preside Over Meetings • Chairmen are required to "chair," or facilitate and preside over, company board meetings. More specifically, a chairman is expected to determine the agenda of the meeting at hand, encourage discussion and participation from all directors and board members and relay pertinent information regarding current events within or pertaining to the company. A chairman is also expected to point issue discussions and debates toward a consensus stance, upon which the majority
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Introduction The nomination and election of a board of directors is a critical event for an organization. Selecting the right individuals to comprise the board that will provide adequate oversight and ensure alignment of management to that of shareholders and stakeholders best interests is vital to the success of the company. This paper explores how boards are formed, how individuals become part of boards, the type of individuals that should comprise a board, CEO duality and the advantages and
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OLDTOWN BERHAD (797771-M) OLDTOWN BERHAD (797771-M) (Incorporated in Malaysia) (Incorporated in Malaysia) The Board of Directors (“the Board”) of Oldtown Berhad (“the Company”) recognises the value of good governance and believes that a high standard of corporate governance will deliver long-term sustainable shareholder value. The Board is committed to ensure good corporate governance practices are applied throughout the Company and its subsidiaries (“the Group”). This Statement
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