Corporations

INTRODUCTION Section 183 of corporation act states that a person must be director, officer or an employee of the company and have excess to relevant information must use that information with proper way which will be not for the advantage or gain of him or for someone else. This section imposes some duties like a person who have information must not use it with improper way. The use of information will be just for the corporation person and will not for the self-gain or for self-advantage. If a…

Inspired by Joel Bakan’s book, “The Corporation: The Pathologic Pursuit of Profit and Power”, The Corporation is an evoking documentary that presents the history of the corporation and the role it plays in society and our daily lives. The documentary presents the corporation as a paradox: “an institution that creates great wealth but causes enormous and often hidden harms.” Originally, corporations were gifts from people to serve the public. After the civil war, corporation lawyers gained rights…

All activities of the company is done with the governance of a person called Director of the company. Director’s duties comes from common law and statue law under Corporation Act 2001.They designed so that director can provide good direction and ensure that they are working for the interest of the company. They do not use their position and information provided to them improperly. Sometime there is the situation of insolvent trading where the director of the company allow their company to incur…

Code of Conduct Sprint Corporation, Inc. Since the beginning of trade, ethics has played into business. Although codes of conduct have been documented for many years, there still continues to be scandals in corporations concerning ethics. “The very exercise of developing a code is in itself worthwhile; it forces a large number of people...to think through in a fresh way their mission and the important obligations they as a group and as individuals have with respect to society as a whole." A…

IOI Corporation Berhad (IOIC) is an integrated business model company under IOI Group and is listed on the Main Board of Malaysia Stock Exchange. The group started the business in the early eighties and has established a leadership position. This leadership position achieved by engaging in various businesses and has been ranked among the top companies in Malaysia as well as in Asia. The values of sustainability and corporate social responsibility (CSR) have been embedded in the company vision…

Chaymae Essaid 61418 February 2, 2016 Public Limited Corporation (La société anonyme) The public company is a business company by its form with any possible purpose. It is made for the large companies and the associates, called shareholders, which are responsible for the social debts only concerning the amount of their contributions. The legal characteristics of the company is very marked, its operation is narrowly regulated by law 17/95 of the 8/30/96 published in the B.O. n° 4422 of the…

Transnational corporations, also referred as multinational corporation, “are incorporated or unincorporated enterprises comprising parent enterprises and their foreign affiliates” (“Transnational corporations (TNC),” n.d.). It all started during the 19th century, when industrial corporation started developing factory systems, better storage techniques and found a way of a faster means of transportation. The United States and a few western European nations started transnational expansions of…

Over the long term, XYZ has been quite profitable in its operations as evidenced by the corporation’s substantial accumulated earnings and profits. Unlike a C-Corp, where a distribution is first treated as a taxable dividend, as provided by §301(c), a distribution from an S-Corp is first treated as a return of stock basis or out of the S-Corp’s Accumulated Adjustment Account which both ultimately receives tax-free treatment. As provided by §1367(a)(1), income earned by an S-Corp increases the…

Yelp is a perfect example of the Modern Corporation in R. Edward Freeman’s essay “A Stakeholder Theory of the Modern Corporation”. Freeman argues that modern corporations don’t just have an obligation to stockholders in the drive to make a profit where all benefit. Instead, the modern corporation has a “fiduciary relationship” to stakeholders . . .who are those groups who have a stake or a claim on the firm”(Freeman)…

Multinational Corporation may be defined as enterprise that operate and has its assets and other facilities in more than one country than their home countries. However in most cases, such companies have offices or industries in different nations and normally have a centralized main office where all the global management is coordinated. The major distinguishing factor of the large multinationals corporations is that their budgets exceed those of many small countries. The major multinational…