Explain the rights of these members to question the company directors in a members’ meeting regarding the company’s operations.
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A group of health-conscious Buddhists have bought shares in a company that manufactures alcoholic beverages. About 400 members of that group are now shareholders and holding various amounts of shares. The members of the group who are now shareholders are not against the tobacco company making money. They are only concerned that the company is not implementing the right Occupational Health & Safety (OHS) standards, and that, moreover, it is not doing enough to prevent under-age smoking in Australia.
Explain the rights of these members to question the company directors in a members’ meeting regarding the company’s operations.
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- A group of health-conscious Buddhists have bought shares in a company that manufactures alcoholic beverages. About 400 members of that group are now shareholders and holding various amounts of shares. The members of the group who are now shareholders are not against the tobacco company making money. They are only concerned that the company is not implementing the right Occupational Health & Safety (OHS) standards, and that, moreover, it is not doing enough to prevent under-age smoking in Australia. What are the rights of members to actually call an extraordinary meeting in order to discuss a particular environmental issue that has arisen since the last meeting of members was held?ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited.Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibility
- Anthem, one of the largest healthcare insurers in the United States, implemented an“avoidable ER” policy to help manage the care of its enrollees. The policy stated thatAnthem would not pay for emergency room visits if the company determined that the visitwas not necessary. The policy, which was instituted in six states beginning in 2015, wasmeant to encourage patients to seek care in appropriate settings. However, providers feelthat this policy might cause patients to avoid emergency treatment, even when it isnecessary. In response to customer and provider complaints, Anthem created severalexceptions: Claims will be covered if a healthcare provider tells a patient to go to theemergency room, if the patient is under 15 years of age, if the patient is outside his or her state of residence, and if the patient had a CT scan or MRI or underwent surgery. Still,providers are unhappy with the policy (Livingston 2018).1-Why did Anthem implement this policy?ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited. b) Recommend the governance strategies the board of directors can put in place to remedy the situation in the company.1. Which of the following best describes social responsibility? a. A corporation's rights, such as due process in a court of law, freedom of speech, and privacy. b. Adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders. c. A company's attempt to maximize its profits in order to benefit stockholders. d. All the policies of a company that promote ethical business practices. e. All businesses except those with less than 50 employees.
- Wisconsin passes a state law that bans all semi-trucks from carrying double-trailers on roads in our state (see picture below). The state's ostensible reason for passing the law is to reduce accidents on the road. Double-trailers a more likely to be involved in accidents than single-trailer semis. A national trade group representing freight companies sues the state, arguing that the law violates the Dormant Commerce Clause. Would the state law violate the Dormant Commerce Clause? Explain your decision.Kindly Explain the following: 1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures thatdifferentmarket players adhere to the same rule of the game in order to create fair market conditions andpromote transparency in doing business.2. the Code formally communicates the signatories’ commitment to upholding high standards of ethics in allbusiness transactions. It articulates the belief that securing profit at the expense of integrity is anunacceptable and unsustainable way of conducting business and that measures have been taken toenforce and cultivate integrity habits within the signatories’ respective organizations.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…
- ANTHEM’S AVOIDABLE EMERGENCY ROOM POLICYAnthem, one of the largest healthcare insurers in the United States, implemented an“avoidable ER” policy to help manage the care of its enrollees. The policy stated thatAnthem would not pay for emergency room visits if the company determined that the visitwas not necessary. The policy, which was instituted in six states beginning in 2015, wasmeant to encourage patients to seek care in appropriate settings. However, providers feelthat this policy might cause patients to avoid emergency treatment, even when it isnecessary. In response to customer and provider complaints, Anthem created severalexceptions: Claims will be covered if a healthcare provider tells a patient to go to theemergency room, if the patient is under 15 years of age, if the patient is outside his or her state of residence, and if the patient had a CT scan or MRI or underwent surgery. Still,providers are unhappy with the policy (Livingston 2018). What other solutions could be used…In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…