Conventional Corporate Ownership

I find it ridiculous that I have to say this: corporations are not people. And yet, the supreme court seems to disagree. In 2010, the supreme court ruled in Citizens United v. Federal Election Commission that grants corporations the rights of citizens. Since then, many people have rightfully asked for the abolition of Corporate Personhood. Corporations are not sentient beings and have no moral code or understanding of the law; therefore, they are not responsible for any legal discretions: people running the corporations are. People can consciously make decisions that are harmful to others but may never have to reconcile for it because they were doing it under the company. Here’s the thing: corporations can't go to jail. The only way to make corporations pay is to literally make them pay fines. Even lawsuits worth millions of dollars can be nothing to large companies with vast amounts of wealth. Corporations will just pay the fines and continue functioning as before.

Corporate capacity and authority were essential legal concepts which contained rules for when and how a company ought to be legally recognised as having validly acted and entered into a binding contract with third parties. Broadly speaking, the rules which applied to corporate capacity were the ultra vires doctrine and the doctrine of constructive notice. In regard to the concept of corporate authority, both the ultra vires doctrine and the doctrine of constructive notice also applied however their application was curtailed by the Turquand rule. The Turquand rule therefore only applied when the authority of directors was in question. A definitional overview of the concepts of corporate capacity and authority will be provided below, along with brief description of the doctrine of constructive notice and the Turquand rule.

Evaluate the view that the separation of ownership from control in large firms inevitably causes diseconomies of scale

ITC Ltd.’s strategy plan for compliance with the current acceptable standards or norms relative to social responsibility today is well thought out, especially for a company that sells potentially dangerous products, and try to meet and listen to all demands and laws in place since the start of their business. Even though in 2014 a new bill was passed for the majority of companies to build accountability and also have the government looking over the private sector (Banerjee, 2013). “The CSR provision requires affected companies to spend at least 2 percent of their average net profits made in the preceding three years on CSR” (Banerjee, 2013). Even though this bill has caused a lot of uproar for companies, ITC has actually already been

The research question asked by Coyne et al. (2009) study was whether the size and ownership type of the hospitals make variance in cost and efficiency results of the hospitals. This distinction of the cost and efficiency matter are very important for the policy makers to motivate a certain type of the health care facility for gaining a better control for the payer mix, case mix and services provided (Coyne et al., 2009, Pg. 174). The research question for Messina et al. (2009) study was whether the patient satisfaction is the reason for the increased volume or admissions in the hospitals, and whether the patient satisfaction and increased admissions are different in teaching and non-teaching hospitals. The patient satisfaction and the

Anytime you start up a business or you take over another company there are multiple things you must do to get started. One of the major things one must do is decide on what type of ownership you want. There are many different types of business ownerships out there, but some will benefit you more than others. In this paper you will be learning about the difference two types of business ownerships you can have. The main point of the paper is to help someone that’s going to become an owner of a business be able to do what’s best for not only them, but also what will be best for the business. Sole trader ship and partnership are the two best ownership because they will benefit the owner and business more by going by what the company stands for.

CORPORATE CONTROL Corporate control is when one large corporation controls society through products, advertising, and/or the media. There is no part where the author talks about real humans (live the way people used to live in their past) in this book except when Bernard and Lenina went to the reservation. There Lenina freaks out when she sees a really old man. She asks Bernard why he is like that and why the director and other old people in the London don’t look old. Then Bernard explains, “That’s because we don’t allow them to be like that.

One of the most important things you will ever do for your family is choosing the right doctor. But exactly how do you go about finding a doctor who fits the bill? Well, it all starts with a little due diligence and understanding that you do have a choice.

Dorchester, Inc is a U.S based conglomerate and has the intentions of expanding its operation to international levels. Recently there has been a trend by its competitors to expand their operations internationally as well. This is the prompter to the decision by the management of Dorchester, Inc to follow their competitors' trend and venture into the new and emerging markets globally as a long term business strategy. Through this international expansion Dorchester, Inc. hopes to gain a competitive advantage over its competitors. The particular area of expansion targeted by Dorchester, Inc is consumer electronics. The conglomerate has indicated their interest in purchasing companies that specialize in consumer electronics in three countries that identified herein (Prodi, 2010).

This was a very interesting article, in my opinion it brings to mind the derived phrase, which came first the chicken or the egg. Meaning, is corporate governance an attempt to control the results of unethical practices of corporations or is it meant to deter them. In reading this article, it is clear that certain corporations practiced unethical business behaviors for self-interest, but the questions this author have are: 1. Should corporate governance be regulated by the legislature as well as the organization and to what degree, 2. Is corporate governance, there to protect the shareholder or the stakeholder, 3. How effective is corporate governance on a global level. The need for a governance system is based on the assumption that the separation between the owners of a company and its management provides self-interest executives the opportunity to take actions that benefit themselves, with the cost of these actions borne by the owners (Larcker & Tayan, 2008).

Discuss the corporate control of your business. Explain why your business in Mexico is exposed to agency problems.

goals that promote individuation, and those that promote affiliation in generating individual differences in self-construals (Guisinger and Blatt, 1994)( Kagitcibasi,2005)( Markus and Kitayama, 1991) (Singelis, 1994). Others have created details that formulations that refer to differences in the perspective people take vis-à-vis the self (Kitayama and Imada,2008), distinctive variations of propositional and, to a lesser degree, conceptual self-representations (Schlicht,2009), diverse levels of inclusiveness of the self's conceptualization (Brewer and Gardner, 1996), and diverse degrees and extends to which people are connected in an informal community (Muthuswamy,2007).

Besides deciding whether to purchase a new or established property, buyers also need to decide on the ownership structure of their property. As we are all unique individuals, there are different ownership structures that can be beneficial for different people. The structure you choose will be dependent on your own individual circumstances.

There are a number of forms of ownership that the business can take. The main forms are sole proprietorship, partnership, Limited Liability Corporation, corporation and S corporation. There are advantages and disadvantages to each of these forms that will be discussed in this section. A sole proprietorship essentially has the person as the business. In this situation, the proprietor bears all of the risk involved in the business. Business income flows through to the proprietor's personal taxes. For some individuals there are tax advantages, but for many the appeal of the sole proprietorship is its simplicity. The IRS defines a partnership as a relationship existing between two or more individuals who joint to carry on a business. Partners divide income according to their own agreement and that income flows through to their personal taxes. Partners also have a high level of liability for any legal action that befalls the company.

organises Regional Corporate Governance Roundtables to support regional reform efforts. The review process benefited from contributions from many parties. Key international institutions participated and extensive consultations were held with the private sector, labour,