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- Choose the correct statement that describes freedom of enterprise: a. An individual establishes an enterprise that charges additional money on deferred payment b. An individual’s choice of enterprises agreeing to Sharia’s trading that cause no harm to customers or market c. An enterprise has deals of quantity and quality of products in clear terms of agreement d. An individual establishes a business of his choice beyond the parameter of the shariaCorporate governance involves a set of relationship between a company's management, it's board it's shareholders and other stakeholders. Corporate gorvenance also provides the structure through which objectives of the company are set, and the means of attaining objectives and monitoring performance are determined (OECD 2004) using any of the defunct bank as a case , justifies how this definition is in line or deviates from good corporate gorvenance as exhibited by the leadership of the bank.Corporate governance involves a set of relationship between a company’s management, itsboard, its shareholders and other stakeholders. Corporate governance also provides thestructure through which the objectives of the company are set, and the means of attaining thoseobjectives and monitoring performance are determined (OECD, 2004). Using any of thedefunct banks as a case study, justify how this definition is in line or deviates from goodcorporate governance as exhibited by the leadership of the bank.
- Define corporate governance with reference to the various international Codes on governance that have marked the development in governance over the past years. 2. Distinguish between the stakeholder theory and the agency theory in Corporate Governance. 3. Critically elaborate on the role and the balance of power of the Board of Directors and the Chairman in a Public Company with reference to two major international Codes of Corporate Governance of your own choice.4. Get well Company carried out advertisements about their product in India in February, 2020 to provide safety from a pandemic. They claimed that any person who took the right dosage of medicine in the prescribed manner (i.e., two times daily for one month) will not catch flu. In case someone does, the company promised to pay a compensation of $ 25 to them immediately. To show their sincerity regarding this offer, the company deposited a sum of $ 500 in a public bank. Raja bought the medicine and used it as prescribed in the advertisement, but still ended up catching the flu. He approached the company for recovery of the amount promised in the advertisement. The company denied the payment. Which topic has been covered in this scenario?Situation 2 A company- Company ABC has decided to use an opaque management and holding structure to run its risky business of operating chemical production plants. The employees of the Company ABC are unaware of the true identity of the shareholders and board members of the Company ABC. These employees are also under tremendous pressure to perform and in the recent pandemic were forced to attend office mandatorily so that ethanol which is used in the manufacture of hand sanitisers is continuously produced. Unfortunately, a few days ago there was a major accident in one of the plants of Company ABC which was operating at more than full capacity due to instructions from the board of Company ABC. This was followed a few days later by an outbreak of Covid-19 in one of the manufacturing plants. Question 4: Discuss the management style and holding structure of Company ABC from a corporate governance perspective. Identify the improvements which could be made and how the Company ABC would…
- The following are sources of legality drafted by the Malaysian government, except A.Federal Constitution B. Akta Acara Kewangan 1957(Pindaan 1972) / Events Act 1957 (Amendment 1972) C. Audit Act 1957 (Amendment 1972) D. Local Treasury Bills ActWhich of the following is not one of the International code of Corporate Governance? a) On retiring, a Chief Executive should become a chairman. b) The role of Chairman and chief executive officer should be separated c) At least half the board, excluding the chairman, should comprise non-executive directors d) Levels of remuneration should be sufficient to attract and retain directorsMalaysian Business law: Company secretary and auditors Tangen Sdn Bhd is a company which manufactures mugs and cups. The company's issued share capital is 50,000 ordinary shares with a par value of RM1 per share. Alfred is one of the shareholders in the company. He is unhappy with the fact that Tangen Sdn Bhd engages the services of the auditor for management and advisory services. He thinks it is necessary for the company to engage some other person. Based on the above facts, answer the following questions: a. Tangen Sdn Bhd wishes to remove its auditor by way of written resolution. b. The auditor did not detect the fraud committed by the management of the company for the year 2019. c. Do you agree with Alfred?
- The Business Establishment in Lebanon is a legal entity capable of: Owning properties. Opening a bank account. Having a nationality. None of the above.GIVE THE RECOMMENDATION AND CONCLUSION Anheuser-Busch InBev and Miller Coors LLC. Control about 80% of the U.S. beer market. Most of the beer distributed by both companies is sold through independent beer distributors who, in turn, sell the beer to retailers, restaurants, and bars. Anheuser-Bush InBev, which had been acquired by Belgium-based brewer InBev in mid-2008, soon after embarked on cost-cutting program. One key cost focus was distributors received about $1.00 for each case of Budweiser distributed to Retail channel members compared to $.85 paid by MillerCoors to distributors, by eliminating that 15 cent differences in margin. Anheuser-Busch distributors, many of whom had decades-old relationships with the brewer, would not be happy with the lower margins.