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Q1. Let us assume that the government has become concerned that existing disclosure regulation , tends to fixate on thef inancial performance of organisations but fails to address other aspects of corporate performance including a failure to provide information about corporate social and environmental impacts as well as about various initiatives and investment an organization has undertaken to improve its social and environmental performance .As such the government has decided to introduce legislation that will require business corporation to provide information about the social and environmental impacts of the operations as well as the social and environmental initiatives undertaken by the corporations .You are required to do the following.
a) Explain from a public interest theory perspective the rational for the government introducing the legislation and how the government will ultimately assess whether any proposed legislation should actually be introduced
b) Predict from a capture theory perspective the types of constituents that will benefit in the long run from any social and environmental disclosure legislation
c) Predict from an economic interest group theory perspective of regulation whether any potential legislation to be introduced will lead to an increase in the accountability despite any implication that this increased corporate accountability might have for the financial success of large heavily polluting organization. Q2. The website of FASB( as at early 2009) states that FASB intends:
To promulgate standards only when the expected benefits exceed the perceived costs. While reliable, quantitative costObenefit calculations are seldom possible the Board strives to determine that a proposed standard will meet a significant need and that the costs to imposes compared with possible alternatives are justified in relation to the overall benefits Do you think that costObenefit consideration will be different in different countries?If so,how would cost benefit consideration be determinedby a global accounting standard -setter such as IASB?
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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