Fiduciary

2.0 Common stock valuation Common stock represents ownership of the corporation. So the common stockholders are the owners of the firm. They elect the firm’s board of directors, who in turn appoint the firm’s top management team. The firm’s management team then carries out the day-to-day management of the firm. Characteristics of common stock Does not have maturity date, but exist as long as the firm’s does. Nor does common stock have an upper and lower limit on its dividend payments.…

IMA’s Statement of Ethical Professional Practice (SEPP) is an ethical guidance code containing principles and standards for its members to follow in order to act virtuously in the business profession. IMA’s SEPP principles are honesty, fairness, objectivity, and responsibility. The standards of the IMAR’s SEPP include competence, confidentiality, integrity, and credibility. These standards hold the members of the IMA to the utmost level as they undergo difficult predicaments in their professions…

Being a small unregistered not for profit organization instead of a board of directors we have an advisory board made up of community members to advise our management team and provide insight on what the community needs related to sports. This section will discuss why we chose an advisory board who is on our advisory board, What insight each member brings, and why an advisory board is best for our stage of development. Our non-profit is still in the developmental stages, and lacks proper…

Thank you so much for sharing the West Sacramento Soccer bylaws with the rest of the community. A few dedicated community members and I have looked over the bylaws and discovered some potential issues that requires your immediate attention. Mr. Savala, State laws require the board of directors to act in the best interest of the organization and its members. Part of that responsibility is managing the affairs of the business according to certain legal standards. Once a director takes a seat on…

The American Red Cross is in existence to aid those throughout the country by providing blood or services to those in need. Primarily, the organization operates through donations of both, time and money, which provides aide in five main areas: People affected by a disaster; Support for the military and their families; Collection, processing, and distribution of blood; Health and safety education; and International relief in time of crisis (American, 2015). The American Red Cross’s mission…

Choice #1: Ethical Business Management Sometimes, in firms, the interest of the stockholders and that of management will diverge and misalign thereby resulting in mismanagement of the business. Such separation leads to what is known in the finance world as an agency problem. Moreover, one of the five principle foundations of finance is principle number five (5) which points out that a conflict of interest will cause this agency problem (Keown, Martin, & Petty, 2014). Presented is an analysis…

Kilgore College Board Meeting On March 14th 2016, I attended a Kilgore College Board of Trustees Meeting. The meeting of the evening started at six-thirty pm in the McLaurin Admiration Building. The board meeting’s goa was to discuss all the important items that concerned the status of Kilgore College and the financially problems. The agenda of the board meeting was followed in a specified order. The first item of every meeting is saying the “Pledge of Allegiance” to show respect to the…

Introduction As CEO of Prime Media Corporation Bill Meade faces the following dilemmas; how to acquire a substantial amount of growth for the business and devise a strategy that will allow for a smooth transition into international markets. The planning process for this task is daunting enough on its own but Bill has the pleasure of trying to convince the board of directors that pursuing businesses overseas will lead to the success that they desire. In order to better understand the issue at…

Discussion question, Ethics Case. Gladys is faced with the first ethical dilemma where David, the president of the committee, asked her to go against the course of action finalized in the meeting. David has requested Gladys to include two extra events that had been scrapped during the meeting held by the committee. The dilemma, in this case, is whether Gladys would follow the measures arrived at in the meeting or follow the direct conditions offered by David. As a member of the committee and…

Other stresses would combine to make the first year of the new millennium, “A year from hell,” according to Pease. Early in 2000, Joel Pease, Janine’s youngest brother lost his battle with cancer and added grief and stress to what would become the hardest year of Pease’s life. During the summer, as the battle for control of the tribal government raged between the Nomee and Bird in Ground factions, attention began to focus on the college. Only eight students had graduated that summer and the…