breach in this duty, the courts will look to see if there are any signs of negligence (fail to carry out corporate task with complete interest), lack of diligence (fail to address suspicious activity), or rubber stamp (fail to investigate transactions proposed by officers). Now even if one of these signs appears to be in existence, a director can still avoid being held liable by possibly taking advantage of the business judgment rule. So, as long as the courts can find that the director acted upon an informed decision, in a rational basis without a conflict of interest, the business judgment rule can effectively be used to obtain immunity against a breach of duty of care claims. With that being said the other primary fiduciary duty, is the duty of loyalty. The need for directors to adhere to this particular duty comes from the notion that there must be some safeguards in place to protect the company from economic harm brought on by any internal conflicts of interest. Now a breach of the duty of loyalty can occur if the director engages in self-dealing by holding a personal interest in a corporate action, or if the director fails to disclose and show good faith when learning of a business opportunity that could potentially be very lucrative for the corporation. This duty is furthered by the corporate opportunity doctrine, which prevents an insider from usurping a business opportunity. And lastly, it is also generally accepted that directly competing with the corporation one…
shortsighted or exceptionally complex, or surpassed by the quickly changing universe of the scholarly world. A codification of fiduciary duties ought to keep away the problems of poor definition or vagueness. Developing an institutional code of professional obligation that consolidates both ethical and fiduciary duties would furnish an Academic Dean with a more reaching benchmark for professional expectations and requirements. The interplay between the two arrangements of corresponding…
2016 marketing plan. Plan Objectives: Create key creative themes and content that provides consistency & frequency of messages across all mediums Engage in innovative ways/tools to stand out from the competition and increase brand awareness Develop metrics for achieving targets Target Audience Overview: Early stage (under $1 million in revenue) Attracting early stage clients provides an opportunity to develop a long term relationship by playing an active role in supporting the growth of the…
me on stories of our descendancy from the ancient Celtic Kings of Irish mythology. It was through these stories that I first developed the sense of pride and strength that would guide me through the various challenges of my life. My parents arrived in New York City in the early sixties, with sixty dollars in their pockets. They bravely came in pursuit of the American dream without knowing a soul in this brave new world. Having no college education and expecting their first child made their…
“Being deported caused my manhood. It caused my wife to leave the family and left me with no hope.” Deportation is not just about being dropped off, and then returning. It replicates that feeling of powerlessness and alienation, whereas your worth and safety is no longer valued. Not only does one have to deal with the lost of their previous life, they have to pick themselves up in a country with limited opportunity, and extreme violence.“The one things i wish to change, is being able to provide…
one is likely to be less satisfied and happy about the choice that is eventually made. in some cases, one becomes too overwhelmed and put off buying the items. For example, when given the opportunity to choose a wine from a collection that has various brands, grape variety, and so on; one is more dissatisfied and regretful of whatever choice one makes but when given the opportunity to choose from a collection with the same brands and maybe only two grape varieties; one is happier and satisfied.…
The decision to protest is a daunting one. It’s easy to chalk up the lack of involvement to the fear of what could happen when you submit yourself to the world of public objection. It takes a strong mind and a profound calling to partake in a protest. Personally, the decision not to protest has always bothered me more than the decision to stand up. I have passed opportunities to express dissent for something that I felt strongly about due to the possible negative social, emotional, economic, and…
Shark Tank, the critically-acclaimed reality show that has refreshed entrepreneurship in America, has also become a socially defining series. The recipient of the 2015 and 2014 Emmy Award for Outstanding Structured Reality Program, the business-themed show returns to the ABC Television Network for its seventh season. The Sharks tough, self-made, multi-millionaire and billionaire tycoons continue their search to invest in the best businesses and products that America has to offer. The Sharks…
that doesn't depend on private sector donations, to fund its charity. This method has proven to be a bonanza for Kars 4 Kids, as it provides a sustained revenue stream. To further maximize the full value of all vehicle donations, Kars 4 Kids handles every aspect of the donation, thereby eliminating any outside processors. This means more revenue goes to its charity programs. Children and families are the focus of Kars 4 Kids charities. Its mission seeks to provide opportunities to all children…
When your band’s tickets aren’t selling out the way you hoped they would, where do you turn? From big bands like Arcade Fire to small jazz ensembles, the industry is looking to Groupon and LivingSocial to reach a more expansive crowd. You can go on Groupon and get half-off tickets right now to Demi Lovato’s performance at the end of October. LivingSocial made a deal with AEG to help sell concert tickets in 2012, a team-up similar to the Groupon and Live Nation collaboration of 2011. Ever…