Companies law

As we know, directors are appointed by shareholders to manage a business. According to the law, directors have general power of management and members cannot override the decisions of the board. Directors have great power to control business activities. The law designs a series of directors’ duties to make sure the directors manage the company responsibly basic on interests of the company. However, whether those duties are effective in legal practice is a debate. In my opinion, the duty to act with reasonable care and diligence and the duty to prevent insolvent trading have not helped to prevent companies going into insolvency. The reasons are outline below. Explanation Directors have duties to ensure best interests of the company as whole including creditors. Under Corporations Acts, directors are required to act with reasonable care and diligence and prevent insolvent trading. Certain statutory duties of care, skill and diligence was laid down in s107 of it Companies Act by…

2.3.1 Damages in Contract Law 2.3.1.1 Definition of damages Damages are monetary compensation for the damage, loss or injury that a party has suffered through a breach of contract. Damages for breach of contract are available as of right upon the proof of breach. 2.3.1.2 Damages under the Contracts Act 1950 Section 74 of the Contract Act limits a plaintiff’s claim for damages caused by a breach of contract. While Section 74(1) provides for damages occasioned in…

Average Maturity Average time to maturity of all fixed-period investments in the portfolio of a scheme. Appreciation An increase in an investment's value. Broker A broker is a licensed person authorized to receive commissions. Brokers are always affiliated with a brokerage company, or broker-dealer network. He is basically a salesman who sells stocks, bonds, or mutual funds. Capital Market A market where debt or equity securities are traded. Call money Money, which is, loaned in the…

This system will generate large amount of data which created high demand on Big Data analytic. 6.External to organization: The ability on Big Data analytic usually comes from IT companies outside the organizations, therefore, they do not have the control on it. It triggered business entities to develop their own capability on Big Data analytic to reduce dependency and increase control. 7.Importance of unstructured data: The characteristic of unstructured data which either does not have a…

Smart Engineering Pty Ltd. Case involves Alex who is its managing director that accepted a $100,000 order for the supply of steel cables to Shifty Sellers Pty Ltd. This order was placed by the director of Shifty Sellers Pty Ltd, Max. The order was then delivered on credit to Shifty Sellers Pty Ltd. that failed to pay for the steel cables. Prior to the supply of the steel cables, Max had been known to be a bad credit risk by Alex and in the engineering industry. In the liquidation process of…

the Case Law a. The Company does not have Physical Presence in Hawaii The Company itself does not have a physical presence in Hawaii. The CRNAs, who are independent contractors (some operating as separate business entities), performed all the services related to the contract with the Facility, in Hawaii. As discussed in the facts above, the Company is essentially a temporary contracting organization. Its mission is to connect Facilities in need of services with CRNAs looking for work. The…

employees. GoPro exceeds this threshold with flying colors. Economic Activity: 1. As of January of 2016, GoPro’s stock sits at $17.00 ($GPRO), which is an all-time low for the company. One could argue that this “recession,” or…

how I was looking to expand it. Ironically, his family company produces a specific Muscadine grape with high antioxidant and he was looking to promote this product, the grapes themselves and the various products that were developed using the seeds. This was a great opportunity for both of us and he agreed to send a sample as a trial. The product was well received by the consumer and it was decided to have it as one of the items for sale at my business. My company started ordering this product…

Edu Corp relies on its elite employee base to conduct company operations on a daily basis. With the growing concerns of privacy and security, Edu Corp has created a detailed, structured policy in order to preserve the security, integrity, and efficiency our employees, along with Edu Corp’s customers and digital assets. In select industries or businesses, the integrity and security awareness of a company’s employees are critical for safe, successful, and efficient operations (Prince, 2015). As a…

This essay will discuss the responsibility of the corporate executive and where it lies. We will see if he is accountable to the shareholders, as well as the community. The responsibility of the corporate executive general lies in maintaining the company standards. He’s primarily accountable to the community, well also being accountable to his shareholders and the company. It’s his job as the corporate executive to place policies and practices in motion to keep the company strong and honest. By…