Nobody downloaded yet

Corporation Law case study - Essay Example

Comments (0) Cite this document
Summary
The relevant areas of law to be applied include organizing of the general meeting protection of the minority against the fraud. Fraud can be defined as intentional deception to cause a person to give up property or some lawful right1
Special notice (2 mos) must be given for resolution removing D of public Co (s 227) or auditor of any Co (s 329)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Corporation Law case study
Read TextPreview

Extract of sample "Corporation Law case study"

Download file to see previous pages The main issue is if the selling of stocks and the responsibility of the directors. Its nesassry to tell a few words about dealing with outsiders. Also the seconde question deals with the problem of outsider trading.

Express authority4
In the context of a Co, actual authority will be conferred by the Co const or, in its absence in accordance with the replaceable rules of the CA.

In general, in the case of any Co with more than 1 D, authority is vested in the Board collectively - s 198A

Any act lying outside the authority of the D's or the Board can be performed by the members in general meeting - s 198A(2)

Implied authority of Co officers
The Board may appoint someone as Managing Director (must be one of their own number - replaceable rule s 201J), conferring on that person the powers of the Board - s 198C(1).

According to the articles concerning duties of directors one of theliste every managing director is obliged to act in good faith in the best interests of the corp and to use powers for a proper purpose - s 181.5
In this case the managing director haven't acted in the best iint of the company because the board of directors had rejected the contract. So mister Lam is responsible for comensation the losses to the company.


Also he have to take responsibility of information given about the information given on the new project because he promised the increase in productivity of about 100%. The law prohibits insider trading.
Generally, D's do not owe a fiduciary duty to individual s'holders

Percival v Wright [1902] 2 Ch 421 - shareholders offered to sell shares to directors - directors already negotiating to sell shares at much higher price but did not inform s'holders - court held no fiduciary duty to shareholders,...
The second question concerns different articles of the corporate law. There is some information about the corporations' law. The main issue is if the selling of stocks and the responsibility of the directors. Its nesassry to tell a few words about dealing with outsiders. Also the seconde question deals with the problem of outsider trading.
According to the articles concerning duties of directors one of theliste every managing director is obliged to act in good faith in the best interests of the corp and to use powers for a proper purpose - s 181.5
In this case the managing director haven't acted in the best iint of the company because the board of directors had rejected the contract. So mister Lam is responsible for comensation the losses to the company.
Also he have to take responsibility of information given about the information given on the new project because he promised the increase in productivity of about 100%. The law prohibits insider trading.
Percival v Wright [1902] 2 Ch 421 - shareholders offered to sell shares to directors - directors already negotiating to sell shares at much higher price but did not inform s'holders - court held no fiduciary duty to shareholders, and so they could not recover.
Primary prohibition in s 1043A(1) - insider may not purchase or sell shares in Co or get anyone to do that for him. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporation Law case study Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Corporation Law case study Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/miscellaneous/1499559-corporation-law-case-study
(Corporation Law Case Study Essay Example | Topics and Well Written Essays - 2500 Words)
Corporation Law Case Study Essay Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/miscellaneous/1499559-corporation-law-case-study.
“Corporation Law Case Study Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/miscellaneous/1499559-corporation-law-case-study.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporation Law case study

Udoka corporation case study

...?Udoka Corporation Case Study Table of Contents Part A 3 Introduction 3 Brief of Udoka Corporation 4 Analysis of Operational Performance 4 Issues Uncovered through Analysis 6 Recommendation 9 Conclusion 10 Part B 12 Introduction 12 Function of Treasury in Improving Cash Flow 12 Need for Financial Restructuring 14 Summary 15 Reference 17 Part A Introduction There is close relation between the operational activities and financial activities as both of these areas are inter-dependent on each other. Proper financial planning for operational activities increases its performance which helps to achieve better operating financial performance. Operational process is the core area that has to be very efficient to retain the sustainability... clearly...
12 Pages(3000 words)Essay

McDonald's Corporation Case Study

...? McDonald’s Corporation Company McDonald’s has become synonymous with fast food in the Western world. Since reorganizing in 1955 the company has experienced explosive growth and now is the world’s largest chain of fast food restaurants. McDonald’s is a multinational organization spanning over 119 countries and serving over 64 million customers daily ("Mcdonald's -- the," 2011). Even while the organization has over 33,000 stores worldwide they continue to expand and enjoy unparalleled industry success ("Mcdonald's -- the," 2011). The organization sells a variety of low costs foods, but has retained a central focus on hamburgers, French fries, chicken, shakes, and breakfast items. Still, the organization has increasingly...
4 Pages(1000 words)Case Study

NEWS CORPORATION CASE STUDY

...?NEWS CORPORATION CASE STUDY News Corporation is one of the world’s largest media conglomerates in the world. The Journey began in 1923 with publishing of a local newspaper in Adelaide, Australia by Ruport Murdoch’s father. Currently News Corporation media conglomerate holds diversified media portfolio in many parts of world. NC has existence in six media domains that include Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other (Reuters, 2012). This essay is based on the case study analysis regarding the overall expansion strategies of NC. Based on the...
9 Pages(2250 words)Essay

Case Study: Volvo Corporation

...? Volvo Car Corporation: Case Study Volvo Car Corporation: Case Study Information Technology plays a major role in today’s business environment where car manufacturing industry is not an exception. Electronics, sensors, and microprocessors perform significant range of control over modern cars. Unlike the past, safety concerns have become the main marketing tool in today’s car manufacturing industry. This trend paved way to the innovation of several active and passive safety measures. For instance, airbags, Anti-lock Brake System (ABS), Electronic brake-force distribution (EBD), Traction Control, Electronic Stability Control (ESC) etc,...
3 Pages(750 words)Case Study

Corporation law

...? The Corporation Law Case Scenario The formulation of corporation law aimed at helping the directors understand as well as comply with their duties in an effort to prevent the insolvent trading (Bosen 2009, p.94). The law sets out key principles that require consideration in compliance of directors with their duties. According to the law, the step towards prevention of insolvency by a director depends on the size of the company, business complexity and expertise of the management staff. In the case scenario, Emma directly oversees the financial situation of the company and receives advice from the...
6 Pages(1500 words)Essay

Nike Corporation Case Study

...be laws and rules enforceable by a regulatory authority that defines ethics but in some cases it is defined by morally acceptable unwritten customs. The concept is drawn from the basic ideals of what is right or wrong within the meaning of the activity under question. It is commonly understood that laws shape the role of business, but in broader perspective it is the contribution of the business, by virtue of its varying role-play, to shape future laws and forms of regulatory activities. They also help in the evolution of business ethics when they cross the boundaries to set new rules for themselves. It would not be far-fetched to state the contributions by business...
8 Pages(2000 words)Essay

Case Study: United Technologies Corporation

...United Technologies Corporation What happens to training and development efforts in the midst of a downsizing of this magnitude? Downsizing creates an element of uncertainty among employees, they are not sure about their future with the organization and so training and development efforts do not prove as much affective in such a scenario. Moreover, from organizational perspective, massive downsizing wastes much of the training and development efforts and costs already incurred on the employees which are later laid-off. 2. Will employees take advantage of a tuition reimbursement program such as the one described in the Case Study during a restructuring? Why? No, employees will not take advantage of tuition reimbursement program... in such a...
1 Pages(250 words)Case Study

Saturn Corporation Case Study

...Saturn Corporation Case Study Answer The selection of outbound transportation provider is critical for the smooth operations of the Saturn Corporation. The outbound logistics process in Saturn Corporation primarily uses both truck transportation systems and rail transportation systems. The truck delivery system is applied to the retailers or distributors of Saturn Corporation who exist within a radius of 500 miles from the plant of the company in Spring Hill. The rail delivery systems are more predominantly used in the company with the ratio of rail and truck delivery systems being 3:2. Though Saturn Corporation employs a...
18 Pages(4500 words)Research Paper

Case study, starbucks corporation

...Building of an Empire affiliation Introduction Starbucks is among the most successful companies in the word today. The company was just a single store about 30 years ago but has had its empire expand yearly. Currently, the Seattle Company has opened stores in foreign countries such as Japan and England. It is no doubt that Starbucks is a success story and one that many companies today look up adopting the marketing strategy used by the giant company. In this paper, we will be looking at what Starbucks strategy is and evaluate the strategy. Furthermore, the discussion will also expounds on the company’s success and its sustainability levels. Starbucks strategy The mission statement of a company is a very important tool in its... of an Empire...
3 Pages(750 words)Case Study

Case Study: Whistler Corporation"

...Case study Whistler Corporation was founded in 1970s and initially designed and manufactured electronic specialty productssuch as marine radars, voice scramblers and gas leak detectors in Westford, Massachusetts. The management of Whistler Corporation trying to evaluate how to attain cost competitiveness in order to attain market share growth and profitability. In this case, the options that are available include restructuring of the manufacturing process such as material handling, factory lay-out, inspections and packaging through implementation of just-in-time synchronized manufacturing model. The second option is concentrating on enhancing the existing...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Corporation Law case study for FREE!

Contact Us