(a) Introduction Financial derivatives are a financial instrument that value is depend upon or derived from price of underlying items such as commodity, indicator or index. Financial derivatives enable participants involved to trade specific financial risks for example, interest rate risk, foreign exchange risk, equity and commodity price risk and credit risk to other entities who are more willing or better suited to take or manage these risks (International Monetary Fund, n.d.). Even though there
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which it operates in are not closed systems because they influence each other. The organization thus cannot be successful if it is not in step with its environment. The simple fact that the organization interacts with the environment means that the organization is acting in an open system and will be both affected by the environment and also impact on the environment. This means that the organization draws its inputs such as human, financial and informational resources but to mention a few from the
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The Relationship between Financial Markets and Economic Growth: Implications for Canada Research Study Prepared for the Wise Persons’ Committee Gordon Boissonneault Senior Economist, WPC Staff October 24, 2003 The Relationship between Financial Markets and Economic Growth: Implications for Canada Executive Summary The financial sector has experienced significant change over recent decades, driven by advances in information and communications technology and widespread reductions
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internationalization (transnationalization) of the economic, political, cultural, legal and other aspects of the society's life, at the point when interrelationships between the national socials have reached such a level, when some drastic changes within the entire world community gradually transforming into the integral society institute, became inevitable. The level of economic, scientific, technological, legal and informational interrelationships of the national industries have reached a point
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several financial instruments for investing in a new plan. The company has hatched mitigation measures for risks that may affect the incorporation of the strategy. The company’s decision to invest using the new financial instruments can realise increased costs, or losses in terms of trading in the finances, but these are some of the risks the organisation is willing to take head-on. In addition, with the current instability found in the financial sector after the infamous global financial crisis
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focused on creating a banking system with different types of institutions and agencies that function in diverse markets with clearly stipulated functions. One of the main objectives of the Chinese banking reforms has been to give incentives to the financial institutions to become more aggressive, commercial entities. Such strategy has limited the competition between such institutions and only affects the agencies that perform similar tasks. However, banks in China have not been allowed complete autonomy
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security policy program. Over the last few years several Federal, State, and international guidelines have been approved about the security of information. Numerous establishments are now enhancing their information security procedures in reply to legal and regulatory necessities. In particular cases, these guidelines are very precise about the requirements for transcribed security and privacy policies. In other instances a law merely necessitates precautions that are suitable for the size and type of organizations
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MUNICH The Indian Medical Device Industry Regulatory, Legal and Tax Overview March 2015 © Copyright 2015 Nishith Desai Associates www.nishithdesai.com The Indian Medical Device Industry Regulatory, Legal and Tax Overview About NDA Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich. We specialize in strategic legal, regulatory and tax advice coupled with industry expertise
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TABLE OF CONTENTS 1.0 INTRODUCTION ........1 2.0 WHAT IS CORPORATE GOVERNANCE 2 3.0 CORPORATE GOVERNANCE THEORIES…………………….……………..........3 3.1 Fundamental corporate governance theories……………………..……………….3 3.1.1. Agency Theory………………………………………………………………3 3.1.2. Stewardship Theory…………………………………………………………4 3.1.3. Stakeholder Theory………………………………………………………….4 3.1.4. Transaction Cost Theory…………………………………………………….4 3.1.5. Political
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…………………………………………………………………………………… 11 Conclusions ………………………………………………………………………………………………………….. 12 End Notes …………………………………………………………………………………………………………… 13 INTRODUCTION The U.S. Securities and Exchange Commission defines insider trading as both legal and illegal conduct of corporate insiders in relation with buying or selling securities in their own companies . When corporate officers, directors, or employees trade securities within their firm, they are required to report such activities to the
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