Reference no: EM131048151 , Length: word count:2000
Corporate Law Assignment-
Task:
An ongoing focus of corporate governance is the role of independent directors on company boards. Discuss the expectation of the Corporate Governance Council that the majority of directors on the boards of ASX, ASIC & CAMAC companies should be independent. (500 words)
In your discussion you should identify the arguments for and against the view that boards should consist of a majority of independent directors, and include a response to the following:
• In whose interest must a director act? (100 words)
• What is the primary role of a board of directors? (200 words)
• What does the term 'independent director' mean? Give an example of a non-independent director. (200 words)
• What legal strategies are available under Australian law to manage the independence of a board's decision making? Eg. Identify sections within the Corporations Act, or common law requirements (200 words)
• Should specific board positions be held by independent directors (eg Chairman). If so, why? If not, why not? (200 words)
• Should better corporate governance, rather than better corporate performance, be the goal of the board? (200 words)
• What is the relevance of the disclosure requirement in ASX Listing Rule 4.10.3? (200 words)
• How is Principle 2 - and recommendations - of the ASX's Corporate Governance Council's ‘Corporate Governance Principles and Recommendations' relevant? (200 words)
Words - 2000
Reference - 8 APA style
Need in assignment - case law, sections, Act.
|
Whay would your expectations target''s revenue growth
: Based on the comparison of last year's results from Wal-Mart, Costco, Target and the retail industry, what would your expectations be about Target's revenue growth, gross margin, operating margins, and number of employees this year?
|
|
What if the first payment is due today
: You borrow $20,000 with an interest rate of 5% per year to purchase a car. You make 3 equal annual payments for 3 years, with the first payment due at the end of the 1st year. How much is each payment? What if the first payment is due today?
|
|
Journal entries required for each days cash reconciliation
: The day cashier at Palmer’s Kwick Shop has routinely been off in his sales (register tapes) and cash drawer. None of these occurrences have been journalized. Show the journal entries required for each day’s cash reconciliation. As the Accountant ass..
|
|
The difference between biases and fallacies
: Biases affect how you interpret and collect information and can lead to flawed reasoning. Yet it is a typical part of human psychology as people tend to process information through the filter of their own perception.
|
|
What does the term independent director mean
: What is the primary role of a board of directors? What does the term 'independent director' mean? Give an example of a non-independent director
|
|
Calculate the present value of these cash flows
: Suppose that a firm’s recent earnings per share and dividend per share are $3.50 and $2.50, respectively. Both are expected to grow at 7 percent. However, the firm’s current P/E ratio of 16 seems high for this growth rate. The P/E ratio is expected t..
|
|
Compute the percentage total return and dividend yield
: Suppose a stock had an initial price of $98 per share, paid a dividend of $2.90 per share during the year, and had an ending share price of $78.50. Compute the percentage total return. What was the dividend yield? What was the capital gains yield?
|
|
Probability that six fishes bite during the two hours
: What is the probability that six fishes bite during the first two hours - what is the probability that he fails to catch any fishes during the first two hours?
|
|
What was the average real risk premium
: You’ve observed the following returns on Doyscher Corporation’s stock over the past five years: –27.9 percent, 15.6 percent, 34.2 percent, 3.3 percent, and 22.3 percent. The average inflation rate over this period was 3.33 percent and the average T-b..
|