Corporate law

INTRODUCTION Corporate Governance, its practices and disclosures have attained a significant amount of importance in the modern economic scenario. Corporate Governance can be elaborated as the instruments, methodologies and relations by which enterprises are controlled and guided In layman terms, we can say that it means the processes by which the workings of any company is determined. Coming to the topic of disclosure, it goes without saying that with increased liberal rules and…

Chairman, President and Chief Executive Officer Anthony Petrello of Nabors Industries offers insight into the energy market and how recent trends will effect the company. Since Nabors Industries is a drilling contractor providing land-based and off-shore drilling rigs for gas and oil extraction, including specialty rigs, in 20 countries worldwide, any change in oil prices will affect the companys' customer's spending, and Nabor's revenue. Petrello analyzes key customer's projected operations…

SATYAM SCANDAL- INDIA’S OWN ENRON The Satyam Computer Services Limited company’s wrongdoing is a corporate scam that occurred in India in 2009 where the chairman, Mr. Ramalinga Raju revealed that the company’s accounts had been falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran…

Essay Outline White-collar crimes, although not discussed very often, are on rise. When one hears the word crime, they are inclined to think violence or an unethical abuse of some sort. However, people rarely take corporate crimes such as fraud, theft, forgery, or embezzlement into a higher regard, as they do not highly affect the common citizen personally. Studying these executive crimes is important to raise awareness of deceit within society, and to protect and prevent unethical practices…

Johnson controls and Tyco International merger was finalized in September of this year. The two companies’ combined will make about $32 billion in revenues after the automobile business called Adient. The merger will make the company the 14th largest industrial company in the U.S. The two companies are highly known for the number one providers of fire and security (Tyco) and building efficiency solutions (Johnson Controls). The major part of the merger was to gain size in the area of focus for…

Stuart Casey Professor Ryder Corporate Inversions Do you know what McDermott, Tyco, and Herbalife have in common? Even though they are all in different industries they have all taken advantage of the tax breaks that come with a corporate inversion. Tax inversions are a relatively new idea in the history of taxes. The first company to succeed in the modern form of inversions was an oil service and construction company located in Houston, Texas called McDermott. In 1984, McDermott did not buy…

MAYBE A BALLER INTRODUCTION HERE IDK CHECK LATER On July 30, 2002, the United States government enacted a law that set expanded or even completely new requirements for all United States public company management, boards and public accounting firms. This was the Sarbanes-Oxley Act, also known as the “Public Company Accounting Reform and Investor Protection Act” in the Senate, and the “Corporate and Auditing Accountability and Responsibility Act” in the House of Representatives. (REFERENCE). In…

companies and overs the major responsibilities that are expected to be carried out in order to ensure this provisions of the act are followed. In the following discussion we are going to look at Sarbanes-Oxley Act which was a United States federal law. Question One The main reason for the emergence of this Act was the occurrence of scandals that affected very big companies in the United States. The major scandals were Enron scandals and WorldCom scandals. Enron scandal was a problem revealed…

pivotal financial acts to have come about in recent history. It is a law that was enacted in 2002 and signed by President George W. Bush (U.S Securities and Exchange Commission 2013). The Securities and Exchange Commission (SEC) enforce this law to regulate changes in financial practices and corporate governance. The main purpose of SOX is to protect shareholders and the public from accounting fraud and errors. Fundamentally, this law helps ensure companies’ financial records are…

When corporate governance becomes necessary as an organization begins to mature, the matter of trust is an important part of the process of its composition. Shareholders and owners, all entities of seniority, together, are always asking themselves, “How do I get a return on my investment without someone stealing all of the profits?” What businesses have learned is that someone’s word is not as valuable as their signature and laws have been put in place to uncover and prevent lies. Therefore,…