proposes to purchase its own shares pursuant to section 67A of the act, the following must be complied with : * declaration by directors * advertisement * adjustment to register of substantial shareholders * lodgement of forms * restriction on purchase * restriction on selling treasury shares Share Certificates * Lost or destruction of share certificates * May request for a duplicate
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per share. After the announcement, the share price skyrocketed to $50 per share. The shareholders of Underwater Leagues, Inc. bring a derivative action suit against Aquaman claiming breach of fiduciary duty for violating 17 C.F.R. §240.10b-5 of the Securities and Exchange Commission Act of 1934 by purchasing stock in his company on the basis of information that was not available to the public. The shareholders seek remedy for their claim. If a president of a corporation purchases stock in his company
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Long-term Business Planning - Case Study of Banneker Industries The factors that limit the capacity of the organization to achieve its objectives are: a.) Being overly dependent on one customer, b.) Cheryl's unwillingness to obtain additional capital from the sale of shares, c.) Cheryl's indecision as to whether to join forces with the WIBS group or to go it alone. The problem in the case study is – how to insure and ensure the success of the organization in the future. Cheryl has
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Shareholders A shareholder is a stakeholder in a company because they own shares in the company. Another reason that a shareholder is a stakeholder is because they provide funding for Monarch. On 15 November 2011 the shareholders provided £77 million of funding. Shareholders A shareholder is a stakeholder in a company because they own shares in the company. Another reason that a shareholder is a stakeholder is because they provide funding for Monarch. On 15 November 2011 the shareholders provided
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1) In your own words, define the term stakeholder The term stakeholder can be defined as any person, social group, or organization that has an interest or concern in an organization. Each stakeholder can be affected by the business’ actions. Primary examples of stakeholders include owners and employees (internal stakeholders), as well as the community, customers, suppliers, media, etc (external stakeholders). 2) In the 3rd section of the ATOM Flash module, identified alternatives, provide what you
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majority shareholder and it was specifically stated in the argument. * August 25, 1988: Both agreed upon a buy-sell agreement that they titled, “Stockholder’s Cross-Purchase Agreement” * The agreement provided for the repurchase of a shareholder’s stock in the event of death, disability, or voluntary withdrawal of that shareholder. * Specifically: * It stated that if Coyle or Schwartz died or otherwise attempted to dispose of his shares, the other shareholder would
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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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customer comes before the shareholders, the company and the employees. * To create mutual value demonstrates the idea of value sharing and benefit sharing of Air China as a public company and a modern enterprise. Mutual value means the value that should be shared by shareholders, enterprises, employees, customers and the society as a whole. * Air China is a stakeholder for shareholders, enterprises, employees, customers and the society. The majority shareholder of Air China is the government
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Info Systems Technology (IST) manufactures microprocessor chips for the use in appliances and other applications. IST has no debt and 100 million shares outstanding. The correct price for these shares is either $14.50 or $12.50 per share. Investors view both the possibilities as equally likely, so the shares currently trade for $13.50. IST must raise $500 million to build a new production facility. Because the firm would suffer a large loss of both customers and engineering talent in the event
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measure the financial stability of a company and its short-term solvency. A high current ratio is attractive to potential creditors. Shareholders are interested in the ratio analysis in order to determine the financial standing of a firm. However, they would be suspicious of a high current ratio and prefer that it is lower. A high current ratio might indicate to a shareholder that a company isn’t very profitable. b. Calculate the 2011 current and quick ratios based on the projected balance sheet and
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