Critically evaluate the following autonomous cases : For each case , determine whether APES 110 has been breached and explain your answer. (a) Kelly Brown, sole proprietor of an audit firm, plans to establish a separate business that will provide management consulting services. She intends to operate both businesses simultaneously.
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Critically evaluate the following autonomous cases : For each case , determine whether APES 110 has been breached and explain your answer.
(a) Kelly Brown, sole proprietor of an audit firm, plans to establish a separate business that will provide management consulting services. She intends to operate both businesses simultaneously.
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- Penny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true? The manager has done nothing wrong because non-competition agreements are never used in clothing retail. The manager is guilty of interference with a business relationship. The manager has interfered with a contractual relationship and will be liable for interfering with a contractual relationship. The manager has done nothing wrong because she did not know about the non-competition agreement.Adil and Hamad are two partners, running a chain of fine-dining continental restaurants. While Adil is the executive chef, Hamad manages the overall operations. Hamad believes that its menus and foods are outdated. However, Hamad prevents himself from criticizing Adil with an assumption that it may hinder the progress of the operations. This is a situation of _____.Widget Corporation is the manufacturer of many popular children’s toys but have seen a great decrease in sales and the board of directors is worried that the business may no longer be viable. The board decides to aggressively sue other toy manufacturers that have likely been infringing on Widget’s intellectual property, enter into a joint venture with a another company to build a new factory to reduce costs, and make large and notable donations to children hospitals as part of a PR campaign to raise the corporation's image. Additionally, the board decides to start manufacturing medical equipment to make up for the projected shortfalls in budget, even though the corporation was formed to make toys. Some shareholders are upset and sue the board of directors. (a) Which of the board’s actions fall into their express power and which are their implied power? Please explain why the actions would be categorized that way. (b) Would the ultra vires doctrine play a role in the shareholders suit…
- Analyse, in detail, the objectives of the King Report on Corporate Governance.Prompt: Case Analysis of Arbogast, Section 2: Part 1 – Case 1 "Seeking A Sustainable Business Model at Goldman Sachs." Drawing from class material as appropriate, provide a three-fold analysis of the case: (1) Identify ethical issue(s); (2) Discuss how the issue(s) came about and what should be done; (3) Consider insights and applications for your current (or past or future) organizational situation. Your response should cover the ethical issue AND the business issue as much as possible. Do not simply restate the facts of the case unless using facts of the case to make a point as part of analysis and application.a. What business was LaVista Lottery in? b. What is keno? c. Was this a profitable business? d. So what was the problem? e. Did Bellino discuss his concerns with Anderson? f. What did he do? g. Is there anything wrong with that? h. What is the point of this doctrine? i. But both Bellino and Anderson had a chance to bid on the keno contract. Didn’t they both have the same opportunity? Richard Bellino and Robert Anderson formed LaVista Lottery, Inc. (Lottery) to operate a restaurant, lounge, and keno game in LaVista, Nevada. They each owned 50 percent of the stock of Lottery, and both were officers and directors. Over the next nine years, the Lottery company grossed more than $100 million. Bellino and Anderson each received over $4 million in salary and dividends. Bellino spent more time than Anderson working for the company, in part, because of his personal relationship with Lottery’s lounge manager. Frustrated by Anderson’s unequal contribution, Bellino encouraged the…
- Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. a.What type of people do you think he employed? b.What challenges do you think the new MD will face? c.What should the new MD do? d.As as staff of the company, what will you feel or think? e.What type of leader is the new MD?Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?A civil association has not provided information on the distribution of profits to its partners, which would amount to 30% of the profits generated; however, since its operations are non-profit, this causes discomfort in the community and legal action will be taken against its partners for not making the use of resources and contributions of each member of the association transparent. a. Identifies the activities that are omitted according to the components of the COSO model. b. Describes the types of risks that unfair practices imply for the association. c. Suppose you are a member of the board of directors and establish activities to avoid the possibility of fraud.
- How would the principle that directors may be linked to the performance affect the company's performance in the short term and over the longer term? Explain the principles of agency theory and discuss the ethics of directors being able to decide their remuneration, albeit through a remuneration committee. What mechanisms exist for dissatisfied shareholders to prevent what they see as excessive rewards to directors?Mary Stick was an excellent hardware designer, but she wanted to move into management in order to broaden her experience. Peter Wave, her manager, encouraged her to go to evening classes on management, and Mary worked hard for two years, coming first in her year. Soon after that a manager vacancy arose in the procurement department. Mary applied for it, but the position was filled with outside recruitment. Mary was turned down because she did not have sufficient experience in the procurement function, which was a key requirement of the job. ‘But I have better technical knowledge on components than all your procurement engineers together’, she protested, ‘ and I learned about procurement on my course. The only way I will get experience in it is to work on the job. Should mary have been given the job? How would you have handled the situation?Zuhair, section associate in Almadar company has found the fraud done by one of his colleagues in his section. In this situation, which of the following option is appropriated initial action of Mr. Zuhair to do if he does whistleblowing? a. Discuss the issue with the family as they may be affected b. Leave the company c. Approach immediate manager and make the manager aware of the issue d. Go outside the company and discuss with the media