Self-dealing

duties to the company that prevent the directors from pursuing their own interests. The duty of loyalty is the most important fiduciary duty that acts as a defence for the company against unscrupulous directors. It is intended to address the issue of conflict of interest between the directors and the firm. Under this duty, the directors of a company are expected to act in the company’s interests, as opposed to their own. Conflicts of interest between the director and the company may arise during transactions between related parties, known as self-dealing transactions. They are referred to as self-dealing transactions because the directors are doing business with themselves, which makes it impossible for them to reach a fair agreement for the company (Wade, 2011). However, it is important to note that it is impractical to impose a ban on self-dealing transactions, especially for small companies. Consequently, most countries allow self-dealing transactions in companies, provided that the deals have been approved by the other directors. Corporate opportunities can also be a source of conflict between the interests of the director and those of the company. This is where the director takes advantage of opportunities that are of a commercial interest to the company (Davis and Whitley, 2009, pp. 38). The duty of loyalty also places other expectations on the directors of a company. They are required to abstain from engaging in any form of fraudulent behaviour, which includes theft of…

In the satirical novel, “ Dealing with Dragons” by Patricia C. Wrede, the disobedient and self-reliant Cimorene refuses the typical expectations of her family and the rest of civilization. Due to the pressure and constant reminder of how “it’s simply not done” Cimorene flees her dilemma and finds shelter with the dangerous and ferocious dragon, Kazul. Cimorene was justified in ignoring the expected social norms of Medieval society because Cimorene could overlook her life, create an impact on…

It is most important to go on the path to self discovery on him or her own because society is blocking them from their own thoughts and the realization that it is possible to survive without anyone else. Everyone is always being told how to think or act. It is important to reflect without having any influences from the world in order to not lose oneself. In Wild, by Cheryl Strayed, as she walks on The Pacific Crest Trail she begins to reflect on the reasons that she decided to hike the trail in…

Malik, Matthew Page, Emily Makynen and Kristin Lindahl, seeks to address the issues of sexual identity development during adolescence and young adulthood and the influences the role of the family can have when dealing with this psychological development. The research being addressed is whether or not parental rejection or parental support can be a statistical predictor of identity development. Mohn and Fassinger suggest sexual identity development is…

3. Apprehending one’s own self in intuition. Dispensing with the habitual view of a stable selfhood and replacing it with a model of an ever changing, evolving self, Bergson reviews our perception of epistemological processes and divides them into the perception of the outside features of an object and the perception of an object originating from within. Due to the practical rationality of everyday life we access the world, other people and our own selfhood from the outside and divide the…

Images of thin, beautiful women and muscular, wealthy men form stereotypes for many that have led to a decline of self acceptance. Many of the images portrayed by the media shape individuals to think that thin is beauty and most will attempt by all means to achieve it. Teenagers (mostly women) on social media experience body shame, body dissatisfaction, weight dissatisfaction, lower body esteem and higher levels of depression. The internet and other similar sources like magazines can have a…

Throughout our life there are moments where it is detrimental to our sense of self that we feel as though we belong. This could be when we are growing up as a child, which would be arguably one of the most important times of the development of our sense of self, and perhaps as we are teenager’s as we try to fit in socially, and then finally the transition from adolescent to adult as we try to gain a sense of who we are in this life and what our purposes are. This can often be considered as the…

While his peers were experiencing puberty and relationships in middle school, he felt excluded because of how uncomfortable he was with his body. At this point, Beck defines his gender identity as being born of all of the medical procedures he endured. Needless to say, Max always felt different and not normal. One of Max’s first sexual experiences gave him a glimmer of hope for finding out what was so abnormal about him. After running away, Max found himself in bed with a woman and, in spite of…

Facilitating Identity Achievement in Students Who am I? Where do I fit in? These are the questions that spur an individual to begin on their journey to develop their sense of self, a process known as identity formation. Although issues with one’s sense of identity could arise at any point in life, clinical psychologist Erik Erikson theorized that identity formation was most prominent in, and was the most critical developmental task of, adolescence. Ideally, in identity formation, an individual…

Orson Scott Card’s definition of an outsider conveys an idea that outsiders can see things more clearly and are important to everyone around them. He compliments their stronger sense of self compared to the rest of people in society. Card mentions how an outsider has a unique perspective than everyone else and that great heroic deeds are made by outsiders because of this unique perspective. While there is a notion that outsiders are not important, it is clear that outsiders are necessary in…