User Account

All Pages

Mercy Aged Care Services

Assignment Help Business Management
Reference no: EM133531758

Mercy Aged Care Services Ltd ('Mercy') is an ASX-listed company that owns and operates a number of aged care facilities throughout NSW, Victoria and the ACT. Mercy's board of five directors has decided to outsource the company's property maintenance and cleaning operations to an external provider and has requested the CFO, Oscar, to obtain three quotes from property maintenance firms. Mercy's board has set its annual budget for property maintenance at $5 million but would like to engage a provider for under this amount if possible. Oscar contacts three property maintenance firms (Firm One, Firm Two and Firm Three) to obtain quotes.

Firm Three is owned by Oscar's cousin Patricia (with whom he part-owns an investment property). When meeting with Patricia to obtain a quote for providing property maintenance services, Oscar mentions Mercy's proposed annual budget of $5 million.

One week later, members of Mercy's board meet and Oscar presents the three quotes he obtained from the property maintenance firms: Firm One, $6 million; Firm Two, $6.5 million; and Firm Three, $3 million. The brochures he received from the three firms indicated that Firms One and Firm Two had more experience in property maintenance than Firm Three.

After presenting these quotes, Oscar strongly recommends that Kenmore contract with Firm Three. Following a brief discussion, Kenmore's Chairman Zachary remarks, 'Well, I think we can all agree that Oscar has convinced us that Firm Three is the best value option, so let's go with that firm.' The other directors agree and the board resolves to contract with Firm Three.

Discuss whether Oscar has adhered to his obligations under Part 2D.1 of the Corporations Act 2001 (Cth) in this scenario. You do not need to consider directors' duty of care in your presentation.

Are there any defences available to Oscar should he be sued for breaching his duties under Part 2D.1 of the Corporations Act? You do not need to consider directors' duty of care and its relevant defenses in your presentation.

Reference no: EM133531758

Questions Cloud

Differences between civil law and common law legal systems : List the major differences between civil law and common law legal systems? What are the major differences between assault and battery?
Regulations of electronic media-lowest-unit-rate limitation : Do you think the lowest-unit-rate limitation for candidate commercials is working in the public interest, or is it merely a statutory perk for candidates?
Research Louisiana law concerning Truancy : For this discussion you are to research Louisiana's law concerning Truancy.
Bond investors concerned about risk of losing money : Bond investors concerned about the risk of losing money should simply invest their funds into highly rated debt securities on the secondary market.
Mercy Aged Care Services : Mercy Aged Care Services Ltd ('Mercy') is an ASX-listed company that owns and operates a number of aged care facilities throughout NSW, Victoria and the ACT.
Find prima facie evidence sexual harassment : Explain in detail steps that you will take to investigate matter and if necessary, to conduct inquiry should company find primafacie evidence sexual harassment.
What are likely consequences for non-compliance : what are the likely consequences for non-compliance? to take into account sector relevant compliance requirements
Understand the likely hood of predictable or misbehavior : It also takes me back to what role personality tests play in trying to understand the likely hood of predictable or misbehavior.
Explain the five common responses to complaint : Explain the five common responses to a Complaint. Analyze and critique the website. In your opinion, is this court website user-friendly?

Reviews

Write a Review

Business Management Questions & Answers

  Show the mapping list of binary

Convert the number 1101 0011 1011(2) directly from binary to hexadecimal. Show the mapping list of binary (from 0000 to 1111) to hex numbers.

  Fraud relating to discrepancy in inventory

You have been assigned to investigate possible fraud relating to a discrepancy in inventory in which management has informed

  Choose the comprehensive track or the applied research track

This weks material was : Your graduate program, viewed holistically, consists of much more than a series of isolated courses required for your degree. Instead, think of your studies as a type of pyramid building, where each of your courses supports t..

  Inflation and unemployment rates

What should I believe would be the short- and long-term effects of your policies on both inflation and unemployment rates?

  Recognize good management

She cites an empirical study where 17 well-managed firms and a control group of 17 average firms were followed for 8 years after the former were reported in the press to be "excelling" as far as management is concerned. Is this evidence that the s..

  Construct a confidence interval for coefficient of age

Construct a 95% confidence interval for the coefficient of AGE. Report the lower limit only correct to one decimal place.

  Ethical behavior is corporate issue that affects the company

Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations?

  Differences between goods and services

There are several differences between goods and services. Define both goods and services.

  Discuss how quality is actually measured

Using a conceptual picture of how quality of care is measured discuss how quality is actually measured.

  Who are stakeholders in a negotiation

Who are stakeholders in a negotiation? Why it is important to analyze stakeholder interests?

  Keys to evaluating the success of a project

What are the keys to evaluating the success of a project? Do you think they did a thorough job of articulating the 'lessons learned' given the information prese

  Describe two sources of business opportunity

Describe two sources of business opportunity that enabled Brian Dyskin to establish his business.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd