Corporation and Equity Participation

Most equity carve-outs do not require shareholder approval and require only approval by the parent company’s and subsidiary company’s boards of directors. More complicated corporate law considerations, particularly those related to fiduciary duties, typically arise following the closing of an equity carve-out, especially if the parent retains a significant equity interest in the subsidiary.

This essay aims to provide more information in regards to the differences between the Australian and Japanese cultures, as well as fundamental insights into Japanese business etiquette and highlight important steps for effective communication when making business in a foreign country. As the Australian entrepreneur and owner of ‘The Aromatic Condiment Shop’ Emily is looking to expand her business deals in Japan it is paramount to make a favourable first impression and understand key points to better navigate cultural differences and grow her business.

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.

Salta Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine’s useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines’ second year depreciation under the units of production method:

According to the pro and contra Section 203D and 203E of the Corporations Act as above, most judges and scholars agree that the procedure of removal directors as stipulated in the Corporations Act provides fairness treatment for the directors who may be removed. However, they still strongly argue whether the Section 203D is mandatory or not. Moreover, they questioned the existence of Section 203E since it eliminates flexibility for companies to make decision particularly in the emergency situation as explained above. Therefore, in order to provide broader perspectives about the relevancy of Section 203D and Section 203E, it is necessary to compare the procedure of removal directors in the Australian legislation with the

Wakimae and Uchi-soto are a fundamental part of Japanese language and expresses not only the language but Japanese culture as a whole. Wakimae, which is roughly translated to English as “discernment”, and is orientated with a persons need for acknowledgement as well as how one should act and behave in society. Uchi-soto (inside and outside) encompass a vital part of Japanese language and society. In-groups and out-groups in reference to Uchi-soto revolves around dividing people into the two groups. When conversing with someone from an out-group, the out-group must be honoured and in contrast, the in-group must be humbled. In reference to honorifics mentioned earlier in this essay, Uchi-soto conversations are achieved by conjugating verbs to make them more polite. Examples of uchi-soto may be seen in restaurants, exchange of gifts or meeting someone of high esteem. To understand Wakimae and Uchi-soto from a foreign point of view, one must understand that in western culture, individualism is emphasized whilst in Asian cultures, the needs of the group are more important than the individual and therefore emphasized more (Moore, 2002). So in reference

Based on the case scenario, Doris, Betty, and Charlie formed a company called Bechdo Pty Ltd. The three members are the directors and Betty who is major shareholder holds 40% followed by Charlie and Doris who hold 20% each while the 20% is held by the rest. Based on the company constitution, a managing director has capacity to enter into a contract o behalf of the company up to a maximum of $100,000. Moreover, he/she can enter into contracts to the value of $900,000 upon getting consent for the board of directors. In this case, Bechdo Pty Ltd operates without a managing director since none was elected. The major issue is that Betty being the majority shareholder went ahead and entered into contract with BB Ltd, Jillo Pty Ltd, and

For most Americans a smile and verbal greeting are appropriate. In a business context, however, a firm handshake is used. Weak handshakes can be perceived as a sign of weakness. It is likely the handshake will be brief. Men usually wait for women to offer their hand before shaking. Also, direct eye contact is also appreciated.

Enterprise Holdings started as a car leasing business in the basement of a St. Louis dealership in 1957 with Jack Taylor as its founder. Enterprise prides itself on exceeding the customers’ expectations by building relationships one step and promise at a time. Enterprise Holdings task itself in the common mission to be the best transportation service provider in the world. To exceed customer expectation for service, quality, value, to provide employees with a great place to work and to serve the community as a committed corporate citizen. Outlined above Enterprise Holdings mentioned serving its community and this is why this case focuses on Enterprise Holdings CSR (Corporate Social Responsibility).

o Weakness: there is a societal imbalance in the distribution of resources, and it is virtually impossible for courts/legislatures to make important decisions that do not make someone worse off

One of the most important facets for a successful business in the twenty-first century is how it communicates with their customers, partners, suppliers and governments from different countries and cultures from around the world. For a business to operate with any modicum of success in Japan, you must possess a basic understand of how their society functions. As a result of learning about the geography, climate, history, religion, cultural rituals, politics, education system, and the role of the family; it will allow a business or business person the insight needed to understand how society functions and the method in which business is conducted.

In the business world the handshake is the accepted physical greeting which accompanies the introduction. With the entrance of women into the business world came kissing. This has caused confusion in male-female business etiquette, therefore, men and women should be treated equally by using the handshake. In order to shake hands properly the thumbs are up and the webs touch before wrapping the fingers around the other person’s hand. Although, in social etiquette the woman is to extend her hand first. In the business arena it is of no concern. Nametag placement is also important so that it becomes easy to read while shaking hands. The nametag is to be placed

Always address a person by their professional title. If they are Dr., Mrs., or Ms., address them as that followed by their last name. Because business is now being conducted in Vietnam, business cards should not only be written in English but in Vietnamese as well. A good idea is to have one side of the business card in English and the other side in Vietnamese.

The concept of a company being a separate legal entity is the most striking illustration in separating the company from its owners. A paramount principle of corporate law is that no shareholder or member of a company is made liable for the obligations incurred by such incorporations A company is different from its members in the eyes of law. In continuations to this the opposite also holds true in the sense that neither can the company be held liable for the acts of its members. It is a fundamental distinction that a company is distinct from its members.

From the beginning, there was no preparation from Kelly’s company to assist her with the culture and customs of Japan. They failed to provide her with information on proper ways to communicate with her Western counterparts. Additionally, Kelly experienced a language barrier and only had limited Japanese which she self-taught on the flight to Tokyo. Without formal knowledge of Western ways Kelly clashed with Japanese culture when she placed the CEO’s business card in her pocket without looking at it. Had Kelly been informed she would have known to review the business