Case Study Corporate Social Responsibility - 3515 Words

Assignment Cover Sheet Student name: Stephen Airey Student number: 3344301 Course convenor/lecturer: Mr Daniel Matas Course name: Business Law Course code: ZBUS8109 Assessment number: Final Exam Date submitted: 23 Jun 15 Assessment Task: See Moodle heading under exam period. I, Stephen Airey, affirm that the work in this assignment is solely my own other than where explicitly acknowledged to be otherwise. I assert that the preparation of this work has been completed in accordance with ethical standards appropriate to students of UNSW@ADFA and is a true representation of my current capabilities in this course. (Original signed) Stephen Airey QUESTION ONE The question of corporate social responsibility is a debateable subject amongst academics and the business community in general. However, it is the author’s view that corporation law has still not struck the right balance between company shareholders and corporate social responsibility (CSR) in 2015. During this semester, students studying Business Law have consistently been reminded that there is significant work for the corporate world to achieve in this area. Edwina Dunn’s article in the Sydney Law Review examines James Hardie and the moves the corporation undertook to move funds offshore to avoid liability with asbestos related claims. Additionally, as Hardie are a corporation, their liability is only limited to what assets they had. It could be argued that the law doesn’t make adequate provision in examples suchShow MoreRelatedCase Study On Corporate Social Responsibility Essay2367 Words   |  10 Pages Corporate Social Responsibility (BU041A1) Case Study on Nestle– Assignment 1 Faculty – Stuart McNab Individual Assignment Submitted by Pavan Tirumalasetti Diploma in Business – Level 7 Student ID – i133442 â€Æ' Table of Contents Introduction: 1 Corporate Social Responsibility (CSR): 2 International multilateral organizations: 3 Monitoring and change the behavior of corporations: 3 Sustainable development and support of corporations: 3 Nestle corporate governance and business ethics: 4 Nestlà ©Read MoreCorporate Social Responsibility: A case study of The body shop1223 Words   |  5 Pagesï » ¿Explain with examples what is meant by Corporate Social Responsibility and discuss why it is important to modern business In today’s world, Corporate Social Responsibility (CSR) has been one of the topics that every company must be concerned with. It is usually viewed as a legal obligation for every company to create social benefits alongside with the profit gains (Peng and Meyer 2011, p.297). CSR is a crucial factor for our society and environment. If there is no campaign to encourage us toRead MoreHe Corporate Social Responsibility : Tesco Study Case3615 Words   |  15 PagesManagement report: The Corporate Social Responsibility CRS in terms of marketing strategy and competitive advantage. Propose: This present paper tries to enhance the different views about CSR, in the global vision of all the stakeholders, in the particular context of retailing. We will treat the interest for a company to deal with responsible actions and activities, and the main breaks found by certain authors. The subject is treated in relation with marketing strategies and tries to persuadeRead MoreCase Study - Wal Mart: the Main Street Merchant of Doom (Corporate Social Responsibility Case Study)2725 Words   |  11 Pageswith the expansion of the company, the weight and number of social and ethical issues facing the company has increased. The key issues discussed in this particular case are: • Wal-Marts and America community Ââ€" Small merchants and the communitys environment • Barriers to domestic expansion Ââ€" Wal-Mart and its Opponents • Wal-Marts Corporate Social Responsibility (CSR) programmes: Merely gimmicks? • The companys responsibility to employees who lose their jobs and loyal customers when Wal-MartRead MoreCorporate Social Responsibility (Csr) of Mncs in Bangladesh: a Case Study on Grammen Phone Ltd1792 Words   |  8 Pagesof the study is to highlight the current status of CSR practice of MNCs in Bangladesh and activities of GrameenPhone is used as example. Methodology: The empirical findings of MNCs’ management of CSR in routine stakeholder relations, with employees, consumers, environment and communities are presented. The case study design was adopted as a research strategy to study the CSR phenomenon in Bangladesh because GrameenPhone Ltd. is the pioneer in the relevant sector. An in-depth study throughRead More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words   |  7 PagesWhat Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics , for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as aRead MoreJapan s Corporate Social Responsibility989 Words   |  4 Pagesstrategy is known as corporate social responsibility. In the article, seven case studies of Japanese Multinational Corporations operating in South Africa and Tanzania are examined, which consider how the corporate social responsibility is influenced by organisational geographies. Examining these studies may help in developing a greater understanding in global management as it relates to corporate social responsibility policies. Throughout this paper four of the case studies will be discussed. Read MoreCorporate Social Responsibility And Csr1566 Words   |  7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firm’s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and governance issues (The Foundation, 2014). Also, is based on stakeholder’s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreAnalysis Of Social Responsibility Report And Annual Report Of The Company953 Words   |  4 PagesThrough the analysis of social responsibility report and annual report of the company, this essay uses the case analysis and correlation analysis to discuss the relevance between company’s social obligation and its economic performance. The article will first define the corporate social r esponsibility. Secondly, it will introduce the previous research and their conclusions. Then it will analyze the case of Lenovo. Finally, it will summarize the research results and give suggestions for enterprisesRead MoreTo What Extent Is Csr Beneficial to a Companys Performance1184 Words   |  5 PagesPerformance? Corporate social responsibility (CSR), which is a popular debate topic over decades, has divided into five major dimensions over time. They are known as the stakeholder dimension, the social dimension, the economic dimension, the voluntariness dimension and the environmental dimension in research (Dahlsrud, 2008). The relationship between CSR and company’s performance, which is classified as the stakeholder dimension, aroused a controversial discussion among different research studies. Some

Persuasive Essay On School Lunches - 1052 Words

Many of us have attended school once in our life. And many of us have tasted the dreadful school lunches that are served. Various people believe that schools need to provide more food in a meal. Society has been conversing about the nutrious value in a school meal and they wonder if the meat in the lunches are real or completely fake â€Å"beef†. School lunches have become even more unacceptable and need to be re-thought for the health of the younger generations. To start off school lunches have become more insufficient. The normal lunch meal consists of a protein, carb, and a vegetable. Does not sound that bad, right? Well, it is a very small portion of each protein, carb, and vegetable. Most people’s warranted worry is the athletes, these†¦show more content†¦The general public think Mcdonald’s meat is unhealthy, the school lunch meat is even more sickly. A schools burger has a lot of unknown ingredients to the everyday person and most likely is very unhealthy for anyone who eats it. People used to believe that fast food chains were the number one reason for childhood obesity. But after reading what Leah Segedie mentioned, society may think that school lunches might have moved up to the main reason for obesity for the younger generations. A school lunch has up to 26 unneeded ingredients in one school burger, and this needs to be fixed. In addition, there is no nutritious value in a single school lunch. Amanda Ray wrot e, â€Å"Processed foods that are high in fat, sugar, and salt have become a mainstay of lunches in schools across America and the results are in, experts say these unhealthy school lunches are a contributing factor to the childhood obesity epidemic.† This shows that school lunches are absolutely unhealthy and school lunches has increased childhood obesity. It would be smarter if families across the United States would pack a more natural and nutritious school lunch for their student starting at a young age. The high in fat, sugar, or salt cause children to become overweight and veryShow MoreRelatedPersuasive Essay On School Lunches953 Words   |  4 PagesSchool lunches have been a hot topic in the Education and Agriculture department for decades. It is noticeably debatable on whether or not to tax more or make costs less, or both. Many students opt out of school lunches due to how unappetizing/non-nutritious it has become, but not every student has this choice and over the past few decades the rate of obesity and type 2 diabetes has doubled, if not tripled, and it begins in the cafeteria. The articles, â€Å"Bad Food? Tax It, and Subsidize Vegetables†Read MoreEssay about Childhood Obesity: the Responsibility of Parents1776 Words   |  8 Pageshealth. Lawsuits and legal action try to shift the blame onto fast food restaurants and school cafeterias. Most people feel better if they can blame their poor health on anything other than themselves. Evidence shows that one’s childhood years have a huge impact on the health of the rest of their life, and usually the parents of overweight children are the most eager to shift blame onto fast food, school lunches, or marketing aimed at their children. The reality is that parents are responsible forRead MoreThe Issue Of Childhood Obesity Essay3223 Words   |  13 Pagesplatform centered on two operative childhood obesity aspects; The Power Up Initiative and Coordinated Approach to Child Health (CATCH) may do just that well. The prospective public-based advocacy platform in this essay will address what prerequisites to be incorporated in school as well as after-school plans to uphold health and deterrence of obesity. The program also requires a particular strategy on what and how to educate local nurses and pediatricians regarding childhood obesity. What is it and whatRead MoreThe Evolution of Nutrition2386 Words   |  10 Pagesnutrition. An estimated 25% of men drafted into the military showed signs of malnutrition. This shocking statistic brought much attention to how the soldiers were being fed prior and during the war. The National School Lunch Act of 1946 was enacted as a result of this, regulating high school lunches with portion sizes and types of food. Another act taken by the government was the release of RDAs-Recommended Dietary Allowances. These were a chart of numbers telling readers specifically how much of eachRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesused on the other cash flows of the firm. Thus, if the tax break is a guaranteed tax credit by the government, you could use a much lower discount rate to compute the present value of the cash flows. †¢ Building on the theme that there are few free lunches, it can be argued that governments provide tax breaks fo r investments only because firms are exposed to higher costs or more risk in these investments. By isolating the value of the tax breaks, firms can then consider whether the trade off operates

Half A Day Free Essays

What does the middle-aged man say to the narrator when they meet? 4. What changes does the narrator notice as he walks home? 5. What happens at the end of the story? 6. We will write a custom essay sample on Half A Day or any similar topic only for you Order Now Based on the narrator’s thoughts and comments as he walks with his father, describe the kind of upbringing you think he has had. 7. What do you find unusual about the narrator’s description of his day at school? 8. How does the middle-aged man address the narrator? 9. What does the narrators reaction to the changes in the city suggest about him? 10. What does the boys remark to the narrator at the end of the story reveal to you about what has happened? 1 1. A symbol is an object or action that stands for something else in addition to itself. What does the narrator’s half a day at school symbolize? 12. Why do you think that Manful included only unpleasant details of modern urban life in the story? 13. A story told from the first-person point of view is narrated by one of the characters in the story. Why do you think that Manful chose to use a first-person narrator for â€Å"Half a Day†? 4. Describe an experience in your life when time seemed to pass more quickly than usual. Define the following words: Unmarred – Throng – Avail Horde – Refuse – Conjurer – Setting – Cairo, Egypt The narrator contrasts the landscape on the way to school with the school building itself. How does the narrator’s description of the land contrast with that of the school? What do you know abou t Cairo, Egypt? What do you want to know? Research to find answers to your questions and other facts about Cairo, Egypt. Include information about the history and culture. Author Research information about Nagging Manful. Record five facts in the table below. Surprise Ending A surprise ending is an unexpected plot twist at the end of a story. The ending might surprise readers because the author provides ambiguous clues or withholds important information. A surprise ending is most effective when it adds to the meaning of a story rather than merely overturning the readers expectations. Such writers as O. Henry and Guy De Unpleasant are famous for their surprise endings. 1. Is the ending of â€Å"Half a Day† a complete surprise, or does Manful provide some clues earlier in the story to suggest how much time has passed? Explain. 2. Do you think that the ending of â€Å"Half a Day† is effective and interesting? How else might Manful have ended the story? Find two quotes about time that are relevant to Mafioso’s story. The quotations can come from literary, philosophical, scientific, or religious works, or they can be traditional proverbs. Use Google to search quotations or aphorisms about time. Explain how the quotes are relevant. How to cite Half A Day, Papers

Violated Duty Under Common Statutory Law â€Myassignmenthelp.Com

Question: Discuss About The Violated Duty Under Common Statutory Law? Answer: Introduction This part of the paper is to determine the contractual capacity of organizations and its agent. The section also analyzes when an organization is bound to a contract entered upon by its agent. The paper also highlights the provisions related to pre-registration contracts entered upon by an organization. The first issue in the case is to determine the liability of Sunshine Scooter Art Pty Ltd (SSA) in relation to the contract with Computer Supplies Pty Ltd. The second issue in this case is to find out that whether can be held liable in relation to the contract with Plastica Pty Ltd. Relevant law According to Section 124 of the CA a company has the power and legal capacity, like an individual to get into a contract with another person. This capacity of the company is not affected even it is found that the contract is not in the best interest of the company[1]. As per Section 125 of the CA the constitution of the company may limit the powers of company to get into a transaction. The provision clearly provides the even if it is expressly mentioned in the constitution that a power of a company is limited in relation to a transaction, the transaction does not merely become void if it is committed by the company[2]. Section 126 of the CA states that any individual who acts with the implied or expressed authority of the company has the right to enter into an act of making, discharging, ratifying or varying a contract on behalf of the company. This power of the agent can be carried out even without the use of the common seal of the company[3]. It has been expressly provided by section 127 of the CA that the a company is allowed to execute a document without the use of the common seal of the company if such contract is signed by at least two directors of the company when the company has more than one director. In addition where the common seal is fixed to a contract it would only be executed if it is witnessed by at least two directors of the company[4]. According to section 231 of the CA in case an individual gets into a contract or proposes to get into a contract acting as an agent of the company on behalf of it, or for the interest of the company before the company has been registered, the organization is has a legally binding right to the contract if the company when registered ratifies the contract within the provided time which has been agreed by the parties of the contract and where the time has not been agreed than within a reasonable time[5]. In addition the section provides that it is the liability of an individual to be held liable for any damages to another party who entered into the pre-registration contract if the company does not get registered or the company does not ratify the contract in Accounting to subpart 1 of the section. The amount which such person may be held liable for is the same amount which the company would have been liable to pay under the contract[6]. Moreover any legal proceeding is initiated to recover the damages which can be claimed under subpart 2 of the section as the company has become registered and is not willing to ratify the contract or enter into a substitute contract, the court has the power to do anything in relation to the circumstances of the case including the orders which would direct the company to pay all the damages which the person is liable, transfer the property back to the other party which have been received by the company and pay an amount to the other party of the contract[7]. In the case of Kelner v Baxter[8] an advocate who had agreed into a contract on behalf of the company before it had been registered was held liable in relation to the contract. As the company was not incorporated when the contract has been formed the person would not be treated as a agent of the company. In the case of Bay v Illawarra Stationary Supplies Pty. Ltd[9] where the company had four members but only one of such member got into a contract with the their party before the company was incorporated therefore, the court held that only such person is liable to the contract and not the other three members. Analysis In the given circumstances the position of SSA in relation to the contract with CS would be determined first. Bob is a director of the company SSA along with Adrian and Jana. Bob has entered into a contract with CS for the supply of computers worth $8000 before the company has been registered. The rules in relation to pre registration contract have been discussed above in the section 131 of the CA. Applying the provisions of the section to the facts of this case it can be stated that the company can be bound by the contract on if after registration the company ratifies the contract. However in this case because of shortage of financial capital the company does not want to ratify the contract. The section further states that if the company does not ratify the contract the person who got into the contract on behalf of the company can be liable to pay damages to the other party in relation to the contract. Thus in this case through the application of this part of the section it can be s aid that bob would be liable to pay damages to CS if they would incur any loss in relation to the contract. However part 3 of the section gives power to the court to impose a liability on the company in case the company does not ratify the contract to be liable to the damages to be paid to the other party through analyzing the circumstances. In this case it is likely based upon the principles of Kelner and Bay case that court will make bob solely liable in relation to the damages in the contract with CS. The company would have to return the computers to CS As per the second issue in this case in relation to the contract of Bob has entered into a contract with PP which is for a value of $50000. As per the constitution of SSA the company does only allows a transaction which is more than the value of $10000 to be approved through a resolution. Common law provides that any act which is outside the scope of the company is void. However in recent cases the courts have made decisions that of the act is not at all consistent with the purpose of the company it cannot be valid and not otherwise. Section 125 of the CA also states that of an act is not according to the provisions of the company it cannot be made invalid only because it is not in accordance to the constitution. Therefore as the contract which Bob as a director of SSA got into with was not vastly inconsistent to the purpose of the company it is binding in the company. Therefore from applying the above discussed laws to the facts of the case it can be evidently provided that the SSA is not liable to the contract with CA and SSA is In this part of the case the question is related to the duties of directors in Australia imposed by both common law and the Corporation Act 2001. The section discusses the circumstances which can lead to the violation of the duty. The section is also related identifying the penalties for the violation of the imposed duties by the directors. The issue in this case is to find out whether Jack, Alice and Francis have violated their directors duties in relation to Superdry Stores Ltd through making Stores provide securities to Finance Bank Ltd. The section determines the issue by applying relevant laws to the fact of the situation and derives a conclusion. Section 180(1) of the CA states that it is the duty of a director or any other officer of the company to ensure that when the take any decision in relation to the company than such decision should be in the best interest of the company and must be in good faith[10]. There is a test which is provided through this section to the court so that they can analyze whether such decision was in good faith or in the best interest of the company or not. As per the principles of the section a hypothetical reasonable director is placed in the position of existing directors their actions are compared to the reasonable director to identify the validity of their actions. According to Section 180(2) of the CA, a director or any other officer of the company has ensure that the decision they have taken in relation to the company is in accordance to section 180(1) along with equivalent duties at common law and equity if the judgment taken in accordance to the purpose of the company and in good faith. In auditing, there is no material interest of the directors personally in relation to such decision and they have taken the decision after informing themselves in relation to it to a degree where they have belief that it is appropriate. The directors must also have a rational belief that the interest is in the best interest of the company. A business decision can be considered to be rational if no reasonable person would hold the same view. The section is applicable with respect to equivalent duties under common law such as the duty of care. Business judgment in relation to this section is any action which is related to business operations[11]. In the case of Australian Securities and Investments Commission v Rich[12] there was substantial review done by the judges in order to determine the requirements of the business judgment rule. In this case the court found that the directors had not complied with the provisions of the business judgment rule. In the case of ASIC v Maxwell[13] it has been decided by the court that if the directors indulged in informed decision making than they can take decision which involves a risk in relation to the business and such decision would be considered as a business judgment. As discussed above section 180 of the CA is also in relation to the breach of any common law or equity duty imposed on the directors. Any director who violates a common law duty is also liable under this section. The breach of section 180 of the CA is a civil liability offence. The breach of directors duties is a civil penalty provisions which attracts penalties under section 1317E and 206C of the CA. Section 1317E provides for pecuniary penalties whereas Section 206C provides for suspension of directors[14]. Both the penalties were used in the case of ASIC v Lindberg[15] Section 182 and 183 of the CA states that the directors must not use their position or information to create a position of conflict of interest and if such situation is created than always prioritize the interest of the company[16]. Section 232-233 CA provides for remedies to members of company against an act by directors which may bring determent to the members or the company[17]. In the given circumstances Jack, Alice and Francis are directors of Superdry Holdings Ltd (Holdings) which is the parent company of Superdry Manufacturing Ltd (Manufacturing) and Superdry Retail Stores Ltd (Stores). Stores have the maximum number of public investment which accounts to 70% of the total capital provided by the public. It has been provided in the scenario that both Manufacturing and Holding are facing financial difficulties whereas stores are doing well in relation to their business administration. In order to ensure that Manufacturing and Holding (where the directors have maximum investment and interest) are able to secure a loan from Finance ltd they made stores provide guarantee for them sitting that it is in the best interest of stores. As discussed above a section 180 provide that an decision in relation to the company should be in its best interest. And whether such interest has been triggered or not is found out be placing a hypothetical director instead of the alleged directors. in the given circumstances it can be determined through the application of the test that a reasonable director would have not risk the operations of stores by providing security as it is not in the best interest of the company. In addition it has been seen that the directors as they have maximum interest in Holding and Manufacturing have violated section 182 of the act by using their position to attain personal interest at the cost of the company. In addition the business judgment rule as provided in section 180(2) of the ACT can however be applicable in this case as a defense of the directors for the breach of duties. The defense although has not been used very successfully in relation to proceedings in Australia, in the given case it can be used as a reasonable person may think that as Holding is the parent company of Stores and Manufacturing is also related to it the loss of reputation for holding and manufacturing can result in loss of reputation for Stores. If the business judgment rule would not be applied than Karen can claim oppressive action remedy under section 232-233 of the CA. in addition the directors can be liable for pecuniary penalties under section 1317E and suspension under section 206C of the CA. Conclusion Therefore it can be provided that the directors have violated the duty under common and statutory law towards the company. The business judgment rule can be used as a defense; References ASIC v Maxwell Ors [2006] NSWSC 1052 ASIC v Lindberg [2012] VSC 332 Australian Securities and Investments Commissionv Rich(2009) 75 ACSR 1 Bay v Illawarra Stationary Supplies Pty Ltd (1986) Psychology Corporation Act 2001 (Cth) Kelner v Baxter(1866) LR 2 CP 174