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- The effect of registration at Companies House is that a company becomes an artificial legal person. Explain and illustrate by reference to relevant cases what this means and outline the main consequences of a company having a legal personality.Agency problems are said to be inherent in the corporate form of an organization. Why do you think this is the case?Do you think agency problems arise in a sole proprietorship or a partnership?What steps would you take to reduce agency problems in a so-called typical corporation?Based on your understanding, why do agency relationship exist within businesses particularly for corporation? What is conflict of interest and how is this related to agency relationship within business firms?
- Are poison-pill defenses ethical? If a potential acquirer buys company stock legally, thereby becoming a part owner of the company, should management be allowed to entrench itself against the wishes of this owner? Explain your answer.Some argue that having various organizations establish accounting principles is wasteful and inefficient. Rather than mandating accounting rules, each company could voluntarily disclose the type of information it considered important. In addition, if an investor wants additional information, the investor could contact the company and pay to receive the additional information desired.What does it mean for a company to be a legal person and what does it mean for owners of a company to have limited liability? Use an example to compare the liability of owners of two companies, one with limited liability and one without limited liability.
- eek 2a) What is a social contract and how does it relate to organisational legitimacy? b) Explain two ways organisations can use corporate disclosure policy to maintain or regainorganisational legitimacy?Is a rule of Contra Proferentum defensible in today’s business environment? Explain with exampleEthical Considerations. Are poison-pill defenses ethical? If a potential acquirer buys company stock legally,thereby becoming a part owner of the company, shouldmanagement be allowed to entrench itself against thewishes of this owner? Explain your answer.
- What does it mean for a company to be a legal person and what does it mean for owners of a company to have limited liability? Use an example to compare the liability of owners of two businesses: a sole proprietor and an owner of a company with limited liability.Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?A corporation is a business that is legally separate and distinct from its owners. True False ہے