The Corporation

responsibility. Partnership structure, on the other hand, is for people who will own a business with one or more partners. They are sharing responsibility and finances and profit. A Corporation is a business that owned by one or more shareholders. The shareholders elect directors and manage the affairs of the corporation. It is often the choice for businesses that have employees or receive financing from a bank or similar financial institution. 2-The advantages and disadvantages of each…

the revised act made in 1999, the matter of law is would a similar director in the same or like situation act as this director or directors did? Hence the question becomes was his or her behavior appropriate to the situation and running of the corporation and would another director or directors behavior similarly.…

organizational change. Whether the need for skilled workers represents cause or effect of change, when Moran and Brightman (2000) advised managers to analyse the skills gaps that will always be created by change, it is not too great a leap to argue that corporations may need to bring in new people to fill those…

human agents. The board of directors as a human agent plays a critical role in the management of a company. And directors themselves are obligated to various duties and responsibilities which come from three areas: the common law, statute law (The Corporations Act 2001) and a company's constitution. This article will analysis relevant director's duties which Adoni might have breached, and suggests available remedies to Desert International Gold NL (DIG). Directors duties which are related to…

power of the government. Fascism was popular in Nazi Germany and Mussolini’s Italy during World War II. It evolved in America in a way that made companies create close ties with government and blurred the line of government and the multinational corporation. Who uses campaign contributions and the division of political groups known as Democrats and Republicans to keep a division helping people believe one has a fair chance in the governance of the people who are exactly the same. There are…

thorough evaluation of Commonwealth Bank and its role in the financial sector of Australian businesses. The aim is to gain an insight into the nature of it’s services, products and ethical choices that forms this corporation and its work force. This task is a guide to understanding the way corporation functions in the community by collection of information that explains the functionality of the Commonwealth Bank. Through Journal articles and other sources, I have gathered information that…

In American Express case, a group of small business merchants brought a class action in court, claiming that American Express is violating antitrust laws with a binding arrangement by using its control power over charge cards to force merchants to take all their credit cards and pay higher fees. The merchants sought to pursue claims against American Express jointly in a class action lawsuit (Olson, 2015). American Express progressed to force the case into individual adjudication with no class…

We have been brought up with the misconception that the primary purpose of corporations is to increase profit for their shareholders even in cases of eleemosynary organizations. Milton Friedman in his 1970 article The Social Responsibility of Business is to Increase Profit, illustrates that the central responsibility of a business is “to use its resources and engage in activities designed to increase its profits” (pg 6). His reason being those corporate executives and managers are agents who are…

themselves through their ideas. A way to see what they’ve created through their hard work to see what they’re worth. An entrepreneur is a person who takes the risk of opening or going into a business. Whether it be a sole proprietorship, partnership, or corporation they all make a difference in other people’s lives. From Apple to a small café everybody is interacting with business. Each of them have the same role in our…

I used to think corporations were this big building in its own world with other big buildings and no one could get there. Remember, I do live in the south where there are not many tall buildings like New York. As I became more aware of what a corporation was, or at least my interpretation, was a busy place with lots of paper, people, noise, suits, telephones ringing, and just busy. Fast forward, I know that maybe some of that is true but the picture is much more realistic to me. The corporate…