Corporate law

something that you don 't know right away or need help on. Developing new skills is good for the company and yourself. It will make your performance better and will make customers happy. Managing time is a really huge thing if you want to still have time to live your life and have fun. By expanding your company and and being successful can be real inspiring to a lot of people. Doing all of these thing will make you a huge success and a great leader. Corporate law is the study of how shareholders, directors and employees, creators, and other customers, the community and environment interact with one another. Corporate law is part of bigger law companies that include partnerships. Under corporate law, corporations can have separate legal personality, with any kind of liability for the shareholders. Shareholders control the company through a board of directors. Corporate law can deal with firms that are registered under the corporate or company law of a sovereign state. There are four defining characteristics of a modern corporate. One of them is the separate legal personality of the corporation. Another is limited liability of the shareholders. Shares is one that is traded on a stock exchange. The last one is delegated management, which is the board of directors delegates day-to-day management of the company to executives. In different countries company boards can be representatives to both shareholders and employees to companies strategy. When you 're in a business you need…

diminishes the value of the economy and also damages the future of enterprises. The primary shareholder notion arose after Milton Friedman coined that businesses have a social responsibility to improve shareholder profits, and the agency theory explored further that executives are agents in their businesses, and hence the beneficiaries of incentive compensation plans (Larrabee para 3). Rappaport is the concession that the link between executive pay and company performance is null, and the idea…

1. Discuss the advantages and disadvantages of the corporate tax. (6 marks) Advantages i. Source of Revenue - Corporate taxes can be effectively utilized as a tool for the government to generate higher revenues as corporations are the largest money makers in the every economy. The government can therefore create a steady and strong flow of cash by targeting those making large profits. ii. Distribution – Taxing companies that are making profits helps redistribute the benefits to the society…

In 2002, Congress signed the Sarbanes-Oxley Act (SOX) in response to several notorious corporate scandals, including those at Enron/Worldcom. The piece of legislation was aimed to hold corporate officers personally liable and to rebuild public confidence in the corporate sector. SOX, “requires violations of securities laws or breaches of fiduciary responsibility to be reported to either the chief legal officer or CEO of the company by-house attorneys or outside counsel (Reed, & Bogardus,…

Academics find it difficult to analyze corporate crime because large scale survey data is not available so researchers have to rely on non-objective crime statistics collected by ‘impartial’ government agencies such as StatsCan or the Home Office which usually yield tiny samples (Snider, 2005; pg 186). Corporations do not want sociologist investigating their business practises, unlike traditional offenders they have the ability to resist such incursions. On the other hand, the justice…

The company board of directors approves and periodically reviews the guidelines which must align with the company’s direction, performance and regulatory practices. Corporate governance specifies the rights and responsibilities of company stakeholders, with particular emphasis on three groups: shareholders who own the company, board of directors who oversee the managers and management which run the daily operation. A key function of corporate governance is to determine how power is distributed…

2.1.3 Shareholder protection Shareholder protection is top on the list of corporate governance. However, emphasis placed on protecting shareholders may led to unethical practices if this is a difficult thing to accomplish. Thus, it causes a problem for effective corporate governance in future. This is because protecting shareholders goes in line with making high profits. Therefore, if the company is making losses, it may misrepresent financial figures in order to deceive shareholders that the…

simple street crime, others homicide, yet many crimes that occur behind close door have business fraud or corporate negligence that can have more devastating results from their actions upon a community, a corporation, even stock holders nationwide. Some steal pennies, while others out right take everything. Corporate fraud, a white collar crime has been legally dissected and evaluated for years. The use of corporate guidelines and government regulations has always been embedded into corporate…

the responsibility of the corporate executive and where it lies. We will see if he is accountable to the shareholders, as well as the community. The responsibility of the corporate executive general lies in maintaining the company standards. He’s primarily accountable to the community, well also being accountable to his shareholders and the company. It’s his job as the corporate executive to place policies and practices in motion to keep the company strong and honest. By doing thing he is…

“Corporate governance is the formal system of oversight, accountability, and control of organizational decisions and resources. Oversight relates to a system of checks and balances that limit employees’ and managers’ opportunities to deviate from policies and codes of conduct. Accountability relates to how well the content of workplace decisions is aligned with a firm’s stated strategic direction. Control involves the process of auditing and improving organizational decisions and actions.” Many…