That this case has emerged internally gives us an opportunity to ensure that situations like this do not arise out of our control, i.e. discovered by a customer. We have the opportunity to built our compliance and audit procedures from scratch, so that the level of oversight these departments have on the firm's operations is complete, and insulates the firm against further risk. An investigation should be conducted into past auditing and compliance practices so we can know precisely where the failures occurred and this information will help us to correct those practices in the future.
The third recommendation is that the Board gives consideration to upgrading the bookkeeping system. It is clear that manual updates are unreliable and that reliance on them puts the company at risk. We know this now, on the basis of the preliminary investigation, so this is something that we can deal with now. The…… [Read More]
January 21, 2011 -- All contracts must be signed and returned by this date.
January 21-Feb 1 -- interview caterers, hotels, limo services to make certain that they are appropriate. Visit all vendors and sites.
February 1-4, 2011 - book all hotel, limo and catering reservations. Pay all deposits necessary.
February 7-11, 2011 -- Find backup caterer and limo service in case of problems
May 2-6, 2011 -- meet with caterer, choose menu, make final arrangements.
Meet with limo service to make final arrangements
May 9-13, 2011 -- Meet with Hilton Docklands iverside to make final arrangements for services.
June 15, 2011 -- Call all vendors and confirm final arrangements
July 12-14, 2011 -- Main Event as per Itinerary. It might be noted that all equipment needed will be provided by the hotel. In addition, they have secretarial staff available as part of the meeting room rental. The catering vendor…… [Read More]
role that the Board of Directors should play in IT governance.
The Board of Directors will have the ultimate responsibility for IT policies within a company. It is the board of directors that determine IT policies will be put into place, and will be responsible for accurately communicating those. The model also be responsible for keeping up-to-date with developments, as well as the determination and monitoring of investments and IT costs. Major aspects of IT within the organization should also be reported to the board, including reports on major projects which will be reviewed by the board to ensure that is suitable support available in terms of both resources and infrastructure
(SO 3, 5) Two feasibility studies occur during the SDLC: one during systems planning, and one during systems design. Describe the differences between these two feasibility studies.
The feasibility study which is undertaken in systems design phase will contain…… [Read More]
Change: Macy's Inc.
The Board of Directors Macy's Inc.
Re: Report for recommendations
Change Management Macy's Inc.
The usage of technology as a source of expediting business processes, reducing cost, and shortening lead time to market products is widely appreciated in the business world. It is also observed that technology offers various solutions to a business process in order to achieve its desired results. The organizations also compete on the basis of their competitiveness and increase productivity after deployment of innovative technology solutions. The business productivity and employee performance enhancement through various technological solutions can only be achieved through a detailed scenario investigation and deriving a solution that is technically and operationally viable.
The business solution proposed for the organization includes implementing technology oriented solution to reduce their operational cost and increase products availability. The business is a retail stores chain with various branches across the country. The…… [Read More]
In contrast, within the firm, the entrepreneur directs production and coordinates without intervention of a price mechanism; but, if production is regulated by price movements, production could be carried on without any organization at all, well might we ask, why is there any organization?" (Coase, 1937, p. 387) In simpler words if markets are so efficient why do firms exist? Coase explains, "the operation of a market costs something [such as the costs of negotiating and concluding a separate contract for each exchange transaction] and by forming an organization and allowing some authority (an "entrepreneur") to direct the resources, certain marketing costs are saved" (Coase, 1937, p. 391). Thus, firms actually present greater efficiency over markets by decreasing such costs.
That being said, if firms are so efficient, why are markets needed? (Coase, 1937). As per Coase, as the firm grows (when the entrepreneur processes additional transactions), decreasing returns to…… [Read More]
One other new thing brought to the attention of companies by the Sarbanes-Oxley Act is the fact that, under this law, every public company is supposed to prove strong internal systems designed to catch an employee intending to commit fraud or flag accounting errors before a company has the opportunity to make its profits official. An addendum to this rule is the obligation of a company knowing about problems with its control systems to disclose what it has uncovered. This obligation generated what an author called the "current flood of mea culpas."
As mentioned above, many companies have faced serious difficulties during the last few years. Companies conducting their activity in Silicon Valley, for instance, such as Versant, Portal Software and Sipex, have acknowledged that they have encountered problems such as not having experienced accounting staff, lacking checks and balances in the case of employees handling corporate cash and the…… [Read More]
oles of Directors and Duties of an Audit Committee
The Board of Directors is an organization's or company's governing body that is mandated with the task of ratifying all major decisions. Generally, the Board of Directors handles all issues of major strategic importance to an organization or company. This implies that the Board of Directors needs to be involved, engaged, and supportive in all issues of strategic importance, especially with regards to governance. However, the board comprises of directors who can play a number of several important roles as board members. In contrast, audit committees play a significant role in improving audit quality since these bodies play a crucial role in oversight and monitoring management. This paper examines the important performance-centered roles that directors may play within a board and the significant duties of an audit committee with regards to organizational governance.
Performance-oriented oles that Directors May Play within a…… [Read More]
This inexperience and youthfulness, according to these researchers and theorists, led to an overall drop in stock prices for the firms affected by this law as investors became wary about the direction of the firm (Ahern & Dittmar, 2012). This research was specifically concerned with the perception of firm performance on the part of investors, however, and not with actual measures of firm performance from within the companies themselves, which means it does not actually provide useful information regarding the direct impact of board diversity on performance, though it does suggest a potential problem in maintaining confidence (Ahern & Dittmar, 2012).
More performance-oriented research conducted in the United States during the 1990s, however, found that firm diversity does appear to have a direct correlation with actual firm performance, at least when measured on a strictly financial basis (Erhardt et al., 2003). This research performed a strictly quantitative analysis on over…… [Read More]
Australian Corporate Directors
The four step process of understanding business law is very helpful in arriving at some important conclusions about the case of Coco Ltd. And its recent accident. The four step process suggests provides a manner in which this problem can be properly understood and the correct actions may be implemented to prevent further problems. This part of the essay will advise the directors of Coco Ltd. Of their current problems.
Identify the Legal Issue
Before delving into the legal issues of this case it is important to understand the behaviour of Mr. Hugo, a director here at Coco Ltd.. Hugo, in a recent purchase from his in laws' Brett and Sandra cocoa plantation a disastrous terrorist event took place. During the transportation of nearly boat load of cocoa, the ship was attacked and sunk by terrorist pirates disguised as American Navy Forces. The ship was sunk with…… [Read More]
The directors of a corporation are, essentially, the representatives of the shareholders in the administration of the company. They are charged with the task of administering the corporation in such a way that preserves the assets of the shareholders, and that they receive a good return on their investments. As such, the Board of Directors is the "highest governing authority within the management structure at any publicly traded company" (Kennon, 2012).
Among the tasks that the directors perform that help them in their role are the following: to select the Chief Executive Officer and set the CEO pay; evaluate the attractiveness of and to authorize dividends; recommend stock splits and share repurchase programs; approve the company's financial statements and give advice on mergers and acquisitions (Kennon, 2012). The Board often works with the CEO on some of these issues, such as dividends and M&A activity, but the Board is…… [Read More]
Negotiation, understanding of the other member’s view and role are important ingredients to embrace, if the relationship between the CEO and the board is to succeed (Murden, 2012). It must be noted that both the Chief Executive Officer and the board are charged with separate and distinct roles. Nevertheless, they must work in liaison so as to achieve the goals of the organization. Clarification of roles is important in ensuring that the CEO and the board work in tandem. The board is intended to govern, to oversee managerial trends and opportunism. The board is focused on ensuring that the CEO works in the best interest of the members (Murden, 2012. The CEO, must serve the board, among other stakeholders, effectively. The board is charged with choosing the CEO and helping them to choose their management team (Murden, 2012). The board is, ideally, the employer of the CEO. The CEO…… [Read More]
The governance of a corporation is the role of the board of directors and the management has the duty of running the firm on a day to day basis. The board, therefore, oversees the management and ensures the interests of the various shareholders are upheld. The executive department is made up of the top level managers and they are required to work as a team so as to deliver on the company goals. According to Wash (2002), management can only be successful in their work if they have clearly defined work description. CEO or company president is a vital position towards the success of any firm as they must take up the leadership mantle, work closely with the top-management, and ensure clear organizational mission, vision, and operational goals.
As a result of clarity in work description and the responsibilities of members of the board, the Innovations Theater has…… [Read More]
Obstacles in the Governance of Organizations: Responsibility Delineation
Governance and Management
The concepts of governance and management found in the field of management opens up to the way organizations run. The two concepts explain the running of corporations and establishing contacts with all the necessary fields needed. In most cases, people have utilized either of the two techniques depending on the target result. The role of management delves to establish links with the needed within its scope of control. The two terminologies differ on how to bring the understanding of leadership in every organization. A mention of the term governance resonate the aspects of structures and processes. On the other hand, management relents to the creation of structures and processes that governance seeks to protect and maintain. To effect changes in leadership ranks, one has to witness the better part of the program with dealing with them. As part of…… [Read More]
Director's equirements: Laptop -- Tablet Computer
Yoga 3 Pro-Orange
330 x 228 x 12.8 mm
User equirements Met
Dual mode WL Touch Mouse N700 (Orange)
Integrated 720p HD camera, 30 FPS
Logitech professional presenter 800
Sculpted right-handed shape and unique thumb controls, allowing for rapid web-browsing; effective zooming, creation and transfer, editing of files and emails, file-conversion to various formats at the touch of a button; rapid-fire scrolling of long databases and bulky files
Creating video and photo files
Delivery of presentations for staff as well as director during lectures
Epson XP-310 Wireless color printer
Integrated JBL stereo speakers
Multiple toner cartridges allowing the printing of high-quality color files and photos
Creation of high-quality audio…… [Read More]
Davis v. The Boad of County Commissiones of Dona Ana County:
Maiah C. Davis filed a lawsuit against Dona Ana County fo injuies he suffeed while a patient at Mesilla Valley Hospital. In the lawsuit, Davis accused Joe Heea, an employee at the hospital, of sexually assaulting he. Futhemoe, she alleged that the hospital hied Heea on incompetent, favoable suggestions fom Dana Ana County Detention Cente whee he was also investigated fo allegation of sexually haassing female inmates. Accoding to the epot by the Detention Cente's diecto, Heea was accused of making statements with sexual ovetones, expessing his desie fo sex, and obtaining sexual favos fom inmates. Some of the efeences made in the epot include ponogaphic video and condoms found in his office as well as being in possession of undewea belonging to a juvenile. As a matte of fist impession, the New Mexico Cout of Appeals which detemined…… [Read More]
Brown v Board of Education is one of the most famous landmark cases in American court history. Set against the backdrop of the early 1950s, just as the civil rights movement was beginning to heat up, Brown v Board of Education changed the face of American schools in a significant way and set the stage for further more sweeping reforms in other areas, such as worker discrimination and fair labor laws.
The stage for the conditions that led to Brown v Board of Education was a set of laws that rose out of the civil war restoration period called the Jim Crow laws. These laws varied from state to state and existed primarily in the South. These laws created separation of whites from blacks. Some of these laws include that blacks must sit at the back of the bus and relinquish their seat if a white passenger needed, blacks were…… [Read More]
Buckner has a Graduate Degree from Brenau University.
Governor Sonny Perdue appointed Robert E. Keller to the Board in 2007. Prior to joining the Board Keller served as executive council -- and also as chairman -- for the Prosecuting Attorneys Council of Georgia. Keller has been on the Board of Trustees of the Georgia Judicial Retirement System and the Georgia Code Revision Plan Committee. He has a law degree from Emory Law School.
In May 2010, Governor Sonny Perdue appointed Albert Murray to the Board, and Murray was elected to the position of Vice Chairman -- a position which he began serving in July 2010. Prior to that appointment Murray had a successful career in Tennessee and Alabama in the field of corrections. Murray was the longest serving juvenile justice commissioner in the history of the state of Georgia, having served in that position from January 23, 2004, to May…… [Read More]
Thomas states that she never forgets 'where she came from.' She serves on numerous community boards including the Charlotte Mecklenburg Housing Partnership and the Women's Intercultural Exchange. As a golden life member of Delta Sigma Theta Sorority, Incorporated, Thomas says that the need to be a member of something 'greater than herself' has always been an integral part of her character. She strives to better the community and to better herself through her many charitable efforts.
Thomas is testimony to the power of education and the ability to use one's natural talents for the good of others. Through education, Thomas has continually advanced in her vocational life, bolstering her credentials and framework of knowledge. She has a technical grasp of the power industry with 'people smarts' honed through personal experience and the academic study of management. She has made a passionate commitment to diversity part of her work life, through…… [Read More]
More importantly, our appreciative and participatory stance with our co-researchers has allowed us to witness and learn about the cutting edge of leadership work in such a way that is and feels qualitatively different from other research traditions we have used in the past, because it is built on valuing. Even though it is challenging at times (Ospina et al. 2002), our inquiry space is enhanced by our collaboration with the social change leaders. (Schall, Ospina, Godsoe and Dodge, nd)
Qualitative Research Methods
Qualitative research methods are those of:
(1) Phenomenology -- this is a form of qualitative research in which the researcher focuses on gaining understanding of how an individual or individuals experience a phenomenon.
(2) Ethnography -- qualitative research that focuses on the culture of a group and describing that culture.
(3) Case Study Research -- form of qualitative research that provides a detailed account of a case…… [Read More]
casting and directing style of three directors for the film Madame Bovary. It has sources in MLA format.
Gusteve Flaubert's 1856 novel, Madame Bovary has been a masterpiece in literature during the 19th and 20th century. Flaubert's motive for writing the novel has been to address the pretentious middle class and how the society has created the central character and heroine Emma Bovary. Her sexual escapades and the dull country life with her doctor husband depict the kind of life people live without much aspiration for real happiness. The novel not only inspired theatrical performances but also films. From the beginning of the 20th century to the end of the century, Madame Bovary underwent several change and interpretation. Each romanticized the story line through intricate costume designs, background stage design and mostly the choice of the actress who would be Bovary [ey, 1992].
Madame Bovary is the story of…… [Read More]
However, that does not mean that the COO, for instance, is much more suited for this kind of activities.
Analytical skills and community involvement are also qualities that determine the success of a CEO. Executive officers need strong analytical skills in today's fast changing marketplace. The needs of many groups have to be addressed everyday, while the interests of the organization must also be fostered. A CEO, cannot appear distant, single-minded or out of touch. The need to interface with all parties and to creatively analyze all information becomes more and more important. From this point-of-view, due to their analytical nature, CFO are well prepared for the job. As far as community involvement is concerned, my opinion is that it is the nature of the individual that decides the degree a company and its top representative are involved in social events of all types. I think that a CFO is…… [Read More]
However, this is not a viable solution and it risks doing more damage than good, as it could lead to a decrease in the company's market share.
The issuing of new stocks could be a temporary solution to retrieving more financial resources. However, the chances of success for such a strategy are rather limited due to the difficulties the company is in and the already decreased quotation. It is true that the stock price increased by 1.8%, but this is not sufficient to boost investors' trust and interest. Furthermore, given the already existent financial difficulties, it would probably be best if Wendy's International looked for funds somewhere else.
The most viable alternative would be to request loans from financial institutions. The reason why this alternative would be preferable to issuing stocks is given by a tax factor. As such, interest expenses are deductible, whereas dividend payments are not (ch. 16,…… [Read More]
Steve Ballmer, the director and chief executive officer at Microsoft Corporation, has contributed much towards the evolution of computers and computing power. The purpose of this essay is to examine Mr. Ballmer and his contributions towards this technological advancement which is known as computing. In this essay I'll give a brief biographical sketch of this individual and then describe his contributions and how they have significantly affected the industry and the world itself.
According to the Forbes.com profile, "Mr. Ballmer is 54 years old, has headed several Microsoft divisions during the past 30 years including operations, operating systems development sales and support." Steve Ballmer is known as a lively personality. His energetic leadership style seems to override his contributions towards computing industry, but nevertheless contextualize his experiences at Microsoft.
In Ballmer's early life, he grew up in Michigan and went to a private preparatory school and went to Harvard…… [Read More]
An American Alex would be against classical music, with anarchists normally being associated with hard rock music. Moreover, he would find it perfectly normal to use drugs instead of drinking milk in a club that has dummies for tables. The reason for which a Hollywood producer would not have his psychotic character drinking milk is that he or she would unquestionably find such a scene to be sick, and, thus, not to be presented to a general public.
Most American movies presenting young people fighting for anarchy want to teach a lesson. They want people to understand that society is good and that it is not worth fighting it, since you only harm yourself in the process. In contrast, Kubrick shows that the system is bad and obsessed with maintaining control over people. After Alex is freed from prison, he can no longer be free, as his mind continues to…… [Read More]
The most obvious benefit is that participants will approach the use of technology more thoughtfully in their practice -- and potentially change some of their technology-dependent behaviors and resistance to technology.
b. Describe what new information may be learned from this research
The study is designed to explore the barriers and incentives related to the use of technology in the social work practice.
c. Describe incentives to encourage individuals to participate in this research (including monetary or other compensation, thank you gifts, course or other academic credit, lotteries, etc.)
Participants will be sent a thank you gift in the form of a Starbucks gift card.
d. Describe costs (time, monetary or other) for participants in this research
The only expenditure of resources for participants is time.
e. Describe potential harms or discomforts (physical, psychological, social) for participants in this research
o potential harms have been identified for participants in this…… [Read More]
The June 2010 change to the manner in which dividends were deemed payable shifted the requirement from a measure of profit to a balance sheet-based formula in which dividends were only payable if assets outstripped liabilities, essentially.
This is, according to the facts of the case as presented, the only reason the dividend payment might be considered insolvent trading or otherwise contrary to the legal and financial constraints of the company under current Australian law. As the error was again solely the fault of chief financial officer George, the directors incur no liability in this instance.
As described above, the board of directors at Hampton Park Pty, td. incurred no liability in this case as they relied on information provided by a competent and informed employee in the person of the company's chief financial officer, George, which legally absolves them of liability in this case.
Whether or not…… [Read More]
A Nine Step Cost Reduction Plan
Describe the Situation
Identifying the Potential Cause of the Problem
Verifying the Likely Causes by Gathering Data
Identifying Possible Solutions
Evaluating Alternative Solutions
Determining the Best Solution
Identifying and Assessing the Risks
Implementing the Solution
Evaluate the Results
Classic Airlines is currently the world's fifth largest airline which is operating a remarkable 2,300 flights daily to over 240 cities. In the previous period, net profits were roughly $10 million on $8.7 billion in revenues. However, Classic is experiencing negative publicity, declining stock prices, as well as the rising costs of fuel and labor over the past year. Furthermore the destructive reports coupled with low employee morale resulted in Classic's Board of Directors requiring a 15% cost reduction over the next 18 months. Management must quickly act to implement a nine-step problem solving method to overcome the obstacles and provide solutions to meet…… [Read More]
St. Jude Children's Research Hospital
Founded by entertainer Danny Thomas, St. Jude Children's Research Hospital is celebrating its fiftieth year of operation; in that time the hospital has conducted important research and cured / saved the lives of numerous children with cancer and other diseases. This paper reviews the organization from a number of important perspectives.
Board of Directors and Governors
The chairman / president of St. Jude's Board of Directors is Camille Sarrouf, who is an attorney in Boston with the law practice, Sarrouf Law. The First Vice Chair is Richard "Rich" M. Unes, from Memphis, Tennessee. Second Vice Chair is Paul Ayoub and the Secretary of St. Jude's Fred R. Harris. As to the Board of Governors for St. Jude's, Robert Breit is the chairman and president and Terry Burman is the First Vice Chair. Martha Perine Beard is the Second Vice Chair for the Board of Governors…… [Read More]
HIT Usability and Design Changes
The situation in this case study revolves around Sally, a member of the Board of Sally Susie's Donut Shop, Inc. (SSDS). SSDS uses an accrual method of accounting and over the past three years has seen volatile sales. Sally is unhappy with her previous tax advisor and wants new advice. Our task is to outline a preliminary interview with Sally to ensure that we ask the right questions.
For tax purposes, it is important to forecast cash flow and income. Sally, in Y1 you posted taxable income of $250k, in Y2 $10k, and in Y3 $150K. Were these numbers based on actual gross sales, or did your deductions and depreciation change drastically between Y1 and Y2?
Was the $50k contribution to a 501(c) charity actually donated, or promised? Was this done with the approval of the Board of Directors?
Based on income, was there a…… [Read More]
The company showed a global reach early, adding numerous language versions around the world. In 2000, the company reached 18 million search queries per day and officially became the world's largest search engine ("Google, Inc." paras. 11-14).
The company now sought to address its need for income by introducing a keyword-targeted advertising program for another source of revenue. The company partnered with Yahoo! And with other partners, such as China's leading portal NetEast and NEC's BIGLOBE in Japan. Google introduced Adords, a self-service advertising program that could be activated with a credit card. By December of 2000, Google received more than 60 million searches per day and reached the 100-million search mark per day in 2001 ("Google, Inc." paras. 15-16).
Google as a Public Company
Google would offer an IPO of stock beginning in 2004. McShane and Von Glinow cite Google as a successful company, especially in terms of navigating…… [Read More]
Extant literature has been dedicated to the concept of corporate ethics and governance. In regard to the Satyam scenario, Afsharipour (2010) discussed the expectations as well as challenges that face the Indian corporate governance landscape. The paper discussed corporate reforms that were put in place as a consequence of the Satyam fraud. The author recognizes the dire need for proper governance in the entire Indian corporate landscape as a consequence of India's ever expanding economy. Afsharipour (2010) indicated that there has been changes in the corporate governance conditions prior to and after the Satyam corporate scandal.The author indicates that even though the former Chairman of the company, Mr. amalinga aju as well as his family jointly owned close to 8% of the company's shares, the company had as a majority, an independent Board of Directors that included various Indian luminaries and hence complying with the Clause 19 requirements of corporate…… [Read More]
Accounting System Implemented at Chic Paints Limited
eport submitted in order to fulfil the requirements of AAT Accounting Qualification
Internal Controls and Fraud
Accounting System eview
Weaknesses in the Existing System and ecommendations
Cost and Benefit Analysis
Mapping of report to outcomes and criteria
The purpose of this report is to present the findings of the evaluation of existing accounting system implemented at Chic Paints Limited. Chic Paints Limited hired me as an Accounting Technician of the Company to review the accounting systems of the company and report on the operating effectiveness of the internal controls, and this report explains it.
The report also discusses the results of the evaluation of existing accounting systems implemented at Chic Paints Limited on the basis of the AAT code of Ethics and Sustainability requirements. The report also identifies and presents the weaknesses in the existing accounting system along with the effects of the…… [Read More]
Strategic Audit a Corporation1 I. Current Situation A. Current Performance How corporation perform past year terms return investment, market share profitability? B.
Nestle's performance Audit Report
Performance of Nestle in the year 2011
In the developed world the corporation faced economic frailty and uncertainty more so in the developed world. The economic down turns in the developed world economies had a significant impact on the performance of the product in the market which set in new challenges. Key to remaining afloat with all this challenges at Nestle is to focus on delivery of both short-term performance result and considering investing along the long-term profitability and sustainable lines Nestle The World's Leading Nutrition, Health and Wellness Company 32()
On top of the normal growth Nestle corporation experienced organic growths of up to 7.5%. Real internal growth was recorded at 3.9% while growth in pricing stood at 3.6% Nestle The…… [Read More]
Watpac Limited is an Australian Construction and Property Development company that is listed on the Australian Stock Exchange. The company was established in 1983 and has developed to become one of the leading firms in national construction, property development, and mining services. Watpac has a history that spans more than three decades of success and growth and employs over 1,350 people in various cities in Australia such as Brisbane, Sydney, and Melbourne ("About Watpac," n.d.). The firm's competitive advantage can be attributed to its diversified business strategy, the depth of its local expertise and networks, and mixing the strength of its national reach with balance sheet. The other significant element of its competitive advantage is its corporate governance that is based on certain policies and procedures.
Outline of the eview:
This analysis of Watpac Limited's corporate governance will be based on its 2013 annual report, which was a…… [Read More]
Thus, in order to maintain organizational effectiveness, a regular patient feedback system must be developed, regularly conducted, and duly recorded for ease of access and analyses of the management whenever information is needed, this time about the quality of service provided by the organization through its healthcare staff/personnel. To implement this feedback system, patients/relatives of patients will be surveyed and given self-accomplished feedback forms, to be returned sealed and thru a drop box in the organization to ensure the confidentiality of the patients who answered and authenticity of the answers provided in the survey.
3. In terms of market segmentation, determine the effects of the transition upon the following audiences: (i) senior citizens, (ii) entry workers (twenty-somethings), (iii) adolescent populations, and (iv) families.
The key to effectively implementing the transition process from being a non-profit to a for-profit organization is to gradually expose its target patient groups/clientele to new services…… [Read More]
Argo Vate/Hostil Takeover
Is this a hostile takeover?
A hostile takeover is described commonly as "acquiring a firm despite the disapproval of, or open resistance from, its board of directors. The acquirer ('raider') usually takes the takeover offer direct to the target firm's stockholders (shareholders) or seeks their approval to remove the obstructing board members." (Business Dictionary, 2013) In this case the takeover is definitely hostile because the AgroVate management does not think that the merger will result in overall betterment but that the employees and shareholders may be affected. On the other hand the purchasing company Bijoux wants to dismantle the current board and sell off AgroVate's widget finishing and the main business being service uniforms; there is no match or significant business advantage in the merger, which prima facie appears to be a hostile takeover.
Can the AgroVate board legally adopt defensive measures against Bijoux?
It…… [Read More]
Zain Telecommunications Kuwait
The purpose of this group project is to provide an opportunity for students to make the application of concepts covered in this course to a real Kuwaiti firm. The firm considered in the project is Zain Telecommunications Kuwait. Zain is a top mobile telecommunications provider in the Middle East and North Africa. The company was initially established in the year 1983 in Kuwait and was known as Mobile Telecommunications Company (MTC). The company made major strides by becoming the first mobile operator in the Middle East region. As the company instigated its expansion approach in 2003, Zain experienced immense growth rate in not only the Middle East, but also in Africa. This is predominantly owing to the acquirement of numerous mobile operators across the region. Four years later, Mobile Telecommunications Company underwent a rebranding to become Zain. This was purposed to better mirror the company's improving position…… [Read More]
successful the business has been at recognizing and satisfying stakeholder interests.
Paul Terminal Warehouse was originally a start-up business founded in 1916 by Harry McNeely Jr. To him, the nascent business was doing well, providing above-average income for him and his family, and making their lives in the twin cities area opulent by turn-of-the-century standards. Concepts of governance, stakeholder management, and development of plans for managing take-over attempts by his family never most likely entered his mind. He was too busy working to create a business that would outlast his own life, creating a legacy and stable source of income for future generations of the McNeely family. CEOs who are founding members of companies rarely have the ability to step away from the vision of the business and the many demands on their time to create stakeholder models, frameworks and criterion for success, which is why the majority of them…… [Read More]
David Jones a Welsh immigrant, founded this departmental store in 1838 in Australia. With a vision to trade in the best and most exclusive goods as well as stocking goods tha embraces everyday wants of mankind at large, his store performed well. This store was located along the main street of Sydney and attracted both gentry and country settlers. They purchased goods such as buckskins, ginghams, fabrics, silk and other goods. David Jones later retired and handed the running of the store to his partners. This move was unsuccessful as the store underperformed with his exit. He came back from retirement borrowed heavily and recreated the stores success. At present David Jones is the oldest department store in Australia as well as in the world still in business using the original trade name (David Jones, 2012).
The board of directors as at March 2012 comprised 8 members under…… [Read More]
Legal cases are an essential part of any democratic society because they set precedents which aid in the creation of new laws. The purpose of this discussion is to compare and contrast following three legal cases; Dorsett v. Board of trustees for state colleges and Universities, Riggin v. Board of trustees of Ball University, and Brouillette v. Board of directors of merged area IX. e will examine the impact of these cases on our democracy.
Comparisons and Contrasts
Dorsett v. Board of Trustees for state colleges and universities was decided in the 5th district circuit court in 1991. The plaintiff in this case alleged that "various administrative decisions had harmed his reputation, that he had been unfairly denied summer employment and salary increases, and that he had suffered other miscellaneous harassments." (Dorsett v. Board of Trustees for State Colleges & Univs) In this case the plaintiff sued his employer in…… [Read More]
Jerry Lopatin is the senior vice president, engineering at Quantum, having joined the company in March 2008. He served in a similar capacity at ONtor, and previously worked at companies such as Iomega, amsung Electronics, IBM.
According to Quantum's Web site (2008), it is in a very favorable position in terms of opportunities. By nature, the it world is developing with increasing rapidity, with computers and software developing almost more rapidly than companies can upgrade. Quantum's position is then such that it can make use of this phenomenon by providing companies with solutions that are effective for their changing needs. Change is therefore the main driver of opportunity for the company.
A further driver of opportunity is development. First-world companies are increasingly developing sophisticated it software, as mentioned above. With this, the sophistication of storage needs is increasing. Quantum's team of innovation experts then have the opportunity to…… [Read More]
Thus, women have skills that can bring new ideas and fresh prospective to break up the adverse effects of group thinking, which can cost companies consumers.
"hatever their gender, directors first and foremost must be individuals who possess the key skills required by a board, including integrity, sound judgment, financial knowledge and strategic thinking. But boards must also understand their customers, and Strandberg notes that "women represent a significant part of the consumer market. They have a lot of economic power in the marketplace" (Perkins).
However, having women on the board of directors does not bring a sustained improvement within the board room. Its argument of equality: everyone should be equally does not meet the BOD recruitment process. BOD should be elected based on their competencies that can actually provide value to their shareholders and not based on what a gender can bring to the table. Furthermore, the evironment is…… [Read More]
Perkins - who had retired at the age of 70 but was coming back on the board - had by this time muscled his way into a powerful position within the HP community; he and his powerful board ally, George Keyworth, held special "technology committee" meetings with key HP people the day before each board meeting. Stewart writes that Perkins' little group actually became a "board within a board," and Perkins' power grew. His disenchantment with Fiorina also grew. Fiorina was apparently losing the confidence of the board, and Perkins was the central figure in that movement away from Fiorina. Prior to the retreat, which was alluded to earlier in this paper, there was a board meeting scheduled, and before that meeting, Keyworth and Dunn approached Fiorina and urged her to "express concerns about Hewlett-Packard's performance, stock price, unfavorable press, and need to reorganize," Stewart continues.
Although Fiorina showed resistance…… [Read More]
Statistical Process Control
What is the correct relationship of internal audit to senior management?
The correct relationship of internal audit to senior management is a supportive relationship. It is imperative that senior management makes it known, through is ways and actions, that it supports internal audit. One piece of evidence consists of senior management granting internal audit easy access to senior management and the audit committee. The process of senior management providing easy access for internal audit guarantees the correct relationship of internal audit to senior management.
How should conflict be managed? Is conflict inevitable?
Conflict is always inevitable between internal audit and senior management. When internal audit interact with senior management, there is always a potential for conflict. In fact, it is virtually impossible for people with diverse background skills and norms to work together; make decisions, and try to meet project goals and objectives without conflict. Internal audit…… [Read More]
Apple Inc. Investment Analysis and Recommendations
Apple Inc. is an American multinational company specializing in designing and producing mobile telecommunication devices that include iPhone, computer software and hardware, Apple TV, Apple Watch, iPod, and other electronic devices. Apple was incorporated and publicly registered in 1977. Headquartered in California, Apple is one of the most successful American companies in term of revenue with the annual revenue reaching $233.7 billion at the end of 2015 fiscal year. On February 2016, Apple recorded $521.3 billion worth of market capitalization. While Apple designs the bulk of their products in the United States, the company's manufacturing plants are located in China. Apple also operates in Europe, Japan, Canada, and Latin America. (Apple Inc. 2015).
Board of Directors
Apple Inc. Board of Directors is overseeing by the company CEO (Chief Executive Officer) and other competent senior management. The Board oversees the day-to-day operations of the company…… [Read More]
International Business Machines Corporation in detail. The paper is divided into three distinct parts with the corporate history constituting the beginning of the paper followed by the structure of the corporation, its shareholders, officers and the board of directors. The last part before the conclusion unfolds the precious information pertaining to the financial status of International Business Machines Corporation. The orks Cited eight sources in MLA format.
Entrepreneurs set up business ventures and assign people as well as invest heavily in order to reap massive benefits by selling their products and ideas. here investment, sound financial stability, confidence, technical know-how and other factors play a significant role, it has been observed that working on and building trust is what it takes to establish a reputable name in the industry. Over the years since its inception, International Business Machines also referred to as IBM Corporation has successfully managed to…… [Read More]
(Ferrel, Fraedrich, & Farrel, 2009)
How will the implementation of the Sarbanes-Oxley Act of 2002 prevent future dilemmas in Tyco?
Sarbanes-Oxley increases: the penalties for such actions, limits the role that the board of directors will have with managers, it creates an accounting oversight board and it requires the CEO / CFO to certify under oath that all financial information is correct. This will severe as a deterrent and help to provide mechanisms, to the prevent ways that the fraud was able to be perpetuated at Tyco. (Ferrel, Fraedrich, & Farrel, 2009)
Can the SEC trust Tyco's new board?
Yes. This is because those members who were involved with Kozlowski were purged and none of the current members have committed any acts of wrong doing. These facts along with the Sarbanes-Oxley in place, means, that there is no reason for the SEC not to trust the board. (Ferrel, Fraedrich, &…… [Read More]
Pacific Oil-Strategic Plan
Pacific Oil Startegic Plan
IMPLEMENTATION PLAN-OGANIZATIONAL STATEGY
ISK Management PLAN
esponding of isk management Process
Evolution of isk Management
Policies and Procedures
152011 Identified isks
Pacific Oil-Strategic Plan
This paper presents a strategic plan or Pacific Oil. The paper starts with organizational background consisting of business mission, vision and the corporate values. The nature of the business of Pacific Oil has been clearly identified with some highlights on the business divisions operating in the oil industry. An environmental scan has been performed in order to have a clear insight into the circumstances in which the Pacific Oil is operating. This environmental scan for Pacific Oil is accompanied by a SWOT (Strength, Weakness, Opportunities & Threats) Analysis. Strengths and weaknesses of Pacific Oil relate to internal organizational environment while opportunities and threats relate to external environment of…… [Read More]
People's United Bank
Topic Using information proxy statement People's United Bank, New England Evaluate monitoring potential firm's Board Directors Identify strengths weaknesses board structured, ethical concerns People's
The People's United Bank, New England:
Evaluating the monitoring potential of the firm's Board of Directors, strengths and weaknesses of how the board is structured, and ethical concerns
The People's United Bank of New England offers conventional consumer banking. It also offers brokerage, financial advisory services, investment management services and life insurance through People's Securities, Inc.; equipment financing through People's Capital and Leasing Corp. And People's United Equipment Finance Corp; and other insurance services through the People's United Insurance Agency (About, 2011, People's United). It is not unusual for a bank to offer a wide range of financial services today. In 1933, the Glass-Steagall Act forced a separation between the commercial banking and financial services industry, but the Act was repealed in 1999.…… [Read More]
Clearly, he companies engaged in this practice were operating with direct intention, and a roper governance system would have made this obvious and prevented it.
In another telecommunications case, a company was found to have included spyware in a company-sponsored "software upgrade" to users' cell phones, that enabled the company to collect confidential information from users' phones without their consent (Khaleej Times, 2009). Not only is this practice clearly unethical, but it is also illegal despite a lack of stringency in the detection of such crimes and the prosecution of large-scale corporate offenders such as telecommunications companies. Again, greater transparency and internal control would have allowed this practice to be discovered much sooner, and the risk of discovery almost certainly would have prevented this action from ever occurring. Corporate governance works best when it is so strong it is only rarely and usually accidentally tested; when purposeful actions…… [Read More]
Thus, the organization can set certain financial benchmarks that it desires the director to meet, and encourage the individual to meet such benchmarks. Variable pay is a possibly powerful incentive system for a potentially disinterested individual, who might be content to be a figurehead.
However, the leader of a nonprofit organization presumably is motivated by something more than pure financial gain. Nonprofits traditionally cannot pay the largest salaries in the executive salary marketplace, certainly not as large as the salaries of the major for-profit corporate organization. Leaders are drawn to these not-for-profit entities for a chance to give back to the world, to fight for a cause they believe in, and to gain exposure, good publicity, and media recognition. Thus making financial compensation the main motivator for success seems counterproductive. If the individual in question was solely motivated by financial gain, he or she would have looked elsewhere for a…… [Read More]
However, this might turn competent healthcare professionals away, who were angry that they no longer could exercise discretion over their treatment, in conference with their patients. Patients might refuse to come to the hospital. And those that did would cause costs to escalate, as they stayed longer, received more extensive care, and thus exhausted their insurance benefits.
A summary presentation of a comprehensive solution that would cover all of the issues
Firstly, the board of directors should be convened to establish a policy about what the religiously founded hospital considers to be a quality life and an ethical system of evaluating critical patients, when dispensing care. Doctors, nurses, and other involved personnel must be convened to discuss various issues that continually arise and a uniform policy must be established, so that such ethical decisions are not solely the burden of patients and healthcare providers in the field.
A press release…… [Read More]
Programs and Services
§ Briefly describe the major programs and services, and the population intended to be served.
Before choosing the programs it is pointed out that about three decades ago, the term 'organizational culture', came in vogue. It resulted in a study of the different styles of organizing. Today the organizational change can be achieved easily and the methods of conducting programs themselves can be a part of a project that involves multiple organizations. Non-profits also came into the scrutiny of these concepts. (Wright, 1994)
The theory now is to see that maximum benefits and opportunities are extended to the subjects by the organization in this case the disadvantaged groups, particularly women and children. The programs seem to be created and managed on the general principles that all organizations follow. There does not seem to be any specific study that was done to incorporate the persons who belong to…… [Read More]
Capm, Dgm, APT
There are three primary means by which a company's cost of equity can be calculated. These are the capital asset pricing model (CAPM), the dividend growth model (DDG) and the arbitrage pricing theory (APT). Each of these methods has certain advantages and disadvantages. This paper will analyze these three models in the context of their usefulness in determining the cost of capital.
The first method, and the most popular, is the capital asset pricing model. At the core of the model is the assumption that the value of a firm's share is determined by the expectation of future returns. The firm's value is therefore determined by a combination of market risk and firm-specific risk. These elements, along with the risk free rate, form the core of the CAPM equation. The capital asset pricing model uses the beta, ?, which is the historic correlation of the firm's stock…… [Read More]
You can include a table to show the comparison if you want to. Do not be concerned with the small number used in each group in the study.
TO: National Kidney Foundation, Board of Directors
FROM: Jon Doe, Staff Statistician
DATE: June 23, 2013
SUBJECT: Future Research Funding Recommendations
Upon examination of the data submitted by the two research groups using a graphical view (see below), it became obvious that Group I could have an outlier. Using the maximum value Grubbs test, it was determined that this value was indeed an outlier and was excluded from the data prior to further statistical analysis.
Once the outlier was removed from the data it became clear that mean of the Group II data (11) was higher than the mean of the Group I data (see table below), suggesting better results with the Group II treatment; however, the magnitude of the standard deviations…… [Read More]
Mayo Clinic Quality Improvement (QI) Plan
The Quality Improvement Plan laid out here centers on the Mayo Clinic. The healthcare system has an international reputation for providing patient-focused and cooperative medical care for individuals suffering from the most severe illnesses. In addition to maintaining a highly collaborative atmosphere within which physicians, nurses and practitioners work together to resolve medical challenges, the Mayo Clinic is renowned for its innovations in the areas of service delivery and positive treatment outcomes. This is why the focus of a discussion on Quality Improvement has less to do with improving the Mayo Clinic itself than with demonstrating ways of replicating its successes in other healthcare systems.
The goal that drives the Mayo Clinic is drawn from a patient-centered treatment philosophy. The Mayo Clinic strives to incorporate its patients in the process of achieving desired treatment outcomes. The clinic uses feedback from patients…… [Read More]
The board is intended to be an agent for the shareholders, yet the agency problem results when the interests of the board are more closely aligned with management. This renders the board to be more sympathetic to management, even if that comes at the expense of stringent governance and dedication to protecting the interest of the shareholders.
3) the most important of the privacy guidelines in obtaining consent. The employee-employer relationship should be based on trust and that trust must work both ways. The employer wants to gather information to protect itself, but the employee should also be protected. By giving the employee the choice to give or not give consent, trust is built. The second most important is to respect the boundary between work and home. Employees are paid for on-the-job performance, and should therefore be evaluated on the same basis. The employer should respect that they merely hire…… [Read More]
wikipedia.org/wiki/Manager, last accessed on September 28, 2007
Mark Hillon, Chaos and Complexity, Storytelling Organization, http://www.horsesenseatwork.com/psl/pages/chaosdefined.html, last accessed on September 28, 2007
David E. Wojick, Chaos Management and the Dynamics of Information: A New way to Manage People in Action, Washington DC, http://www.bydesign.com/powervision/Mathematics_Philosophy_Science/Chaosman.html, last accessed on September 28, 2007
Scott Love, October 13, 2004, Chaos Management for the Resilient Leader, Asheville, http://www.expertclick.com/NewsReleaseWire/default.cfm?Action=ReleaseDetail&ID=7315,last accessed on September 28, 2007
Robert Heller, July 8, 2006, Entrepreneurial Management: What's the difference between management and entrepreneurship?, Thinking Managers, http://www.thinkingmanagers.com/management/entrepreneurial-management.php, last accessed on September 28, 2007
22 August 2006, Entrepreneurial Management, oise State University, http://mg.boisestate.edu/entrepmanagement.htm, last accessed on September 28, 2007
ruce Tulgan, April 10, 2007, the Undermanagement Epidemic: Hiding in Plain Sight, http://184.108.40.206/search?q=cache:LEWzz37AT1kJ:www.ipa.org/pdf/2007-02hr.pdf+undermanagement&hl=en&ct=clnk&cd=5&client=firefox-a, last accessed on September 28, 2007
Daniel Goleman, October 20, 2006, Cram 101 Textbook Outline for Primal Leadership: Learning to Lead With Emotional Intelligence, First edition, AIPI Publishing
Management Styles, Rensselaer Polytechnic Institute…… [Read More]
Madoff Investment Securities LLC (BLMIS) committed one of the greatest financial frauds in U.S. history. Investigations revealed that Mr. Madoff operated an elaborate "Ponzi Scheme" that started operating in 1980s.Even though Madoff was initially supposed to invest all of his clients' money in the securities markets, he never did so. Instead, he deposited the whole amount in a certain bank account that he held with the Chase Manhattan Bank. He therefore fulfilled his client's redemption requests using his own money. The fraud value was estimated at $50 billion and became a matter of public knowledge only after Madoff confessed to the crime. It can be regarded as the biggest financial fraud in U.S.'s history and it affected a large number of investors.The financial industry blamed the investors as well as regulators for neglecting the various warning signals that enabled Maddoff to continue with the fraud for several decades.
The Board…… [Read More]
Quality Improvement Plan: Implementing and evising
Authority, structure, and organization for the Mayo Clinic
Board of directors
The implementation of quality improvement initiatives require a detailed authority designation, structure, and organization of the compete project. Mayo clinic is known for its quality and technology initiatives. The programs are conceived and implemented using progressive technological approaches. The project management and organizational oversight structures are developed in accordance with the requirements. As a result the coordinated and coherent efforts of the clinic provide an overall governance model for successful project completion. The authority, structure, and organizational roles are discussed in the following sections.
Authority, structure, and organization for the Mayo Clinic:
Board of directors:
Board of directors is responsible for review and approval of the plan. The pros and cons of the plan are discussed in the broad meetings. The financial requirements and capital investment requirements are also elaborated and approved by…… [Read More]