Shareholder

price of their shares, to meet the debts of the company (Aiman et al. 2008). It also means that liability is limited to the quantity that the shareholder invested in the company and all the debt are incurred into the company. Company is say as separate legal entity which is the company is separate with the shareholders and directors. The liability of shareholders will be limited in a company that is in the contrast to sole proprietorship and partnership, where their liability is unlimited. The liability

towards UK Public companies. The Code focuses on key principles and provides guidelines for companies in order to offer the best practice. These practices include: • Directors • Directors’ Remuneration • Accountability and Audit • Relations to Shareholders It is crucial that a board of both executive and non-executive directors manage a UK pubic company. It is their job to make sure that all responsibilities are delegated equally between the chairman and the chief executive in order to run the business

separate legal entity, it means it has some of the same rights in law as a person. It is, for example, able to enter contracts. In New Zealand, a company is a separate legal entity from its owners (shareholders) and can, for example, be sued, and enter into contracts in the name of the company, not the shareholders. Sole traders and partnerships

development. Needless to say, the connotation of the legal entity system is very rich, and that the company has an independent personality and shareholders bear the limited liability is the two basic features (Tweedale, G., Flynn, L., 2007). Of course, the company 's independent personality is based on the separation of corporate property and shareholder property. Under this circumstance, the company shall enjoy their rights, fulfil obligations, and independently bear civil liability in its own name

liability and therefore, giving the shareholders and the owners a curtain which is against a liability from company 's creditors. This is helpful especially when the company falls into troubles related to finances. After this curtain has been created, the company is given a separate legal personality (Rudorfer 2009). This ensures the company 's ability to sue as well as being been sued in its own right. In this case, the only loss that the company 's shareholders and creditors can go through is by

Due to the contract commitment, the executive will become the only shareholder or the major shareholders. It just like the "Vanke-Baoneng Spat" case, the largest shareholder of China's Vanke China VANKE CO., LTD. ("Vanke"), and its largest shareholder, Baoneng Group (“Bao”). But Bao crazily acquired Vanke shares in half a year which acquired Vanke 24.26% stake, becoming the largest shareholder, and thus may own the control of Vanke. It can be seen this that Vanke equity dispute

982,037 1,346,290 1,566,000 Earnings from Operations 168,167 147,670 154,771 125,392 67,763 Interest, Net (27,820) (33,912) (44,545) (37,580) (37,580) Net Earnings 140,347 113,758 110,226 87,812 30,183 Distributions to Shareholders (60,000) (46,700) (95,000)

participants in the organization – such as the board, managers, shareholders and other stakeholders – and lays down the rules and procedures for decision-making.”(Reference) According to ASX “Corporate governance influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimized.” (Reference) The Figure above shows the parties involved in corporate governance including: • Shareholders: These parties are those that own the company. They provide

the board The HDFC Board is answerable to the shareholders for overseeing the management and performance of the Company, and is responsible for the Company’s overall strategy and governance. The Board has delegated responsibility for day-today management of the Company to the Managing Director. CMDA Corporate Code: HDFC is bound by Capital Market Development Authority’s Corporate Code on Corporate Governance, the framework that recognizes the shareholders’ rights and ownership functions, the role of

position its must gain enough or maximise the firms’ profits, so it can satisfy the shareholders. However managers may want to take a different approach rather than maximising the firms’ profits. Managers may want to maximise managerial objectives such as maximising its sales rather than profits. However although they are taking a different approach, they still must gain enough profits to satisfy the firms’ shareholders in order to avoid losing their