Question 6 a. Nero’s management has a substantial ownership interest in the company, but not enough to block a merger. If Nero’s managers want to keep the firm independent, what are some actions they could take to discourage potential suitors? Answer: Nero’s management may consider to employ staggered board, Supermajority voting provision for merger, Golden parachute and Fair price amendments etc. as defence strategies’ pre-offer. Post offer, Nero may consider Pac man defence or Litigation, Leveraged recapitalisation, Share repurchase to stop being acquired.
While it is not the intent of the company to look for wide external publicity through its charitable acts, it is important to account for corporate social responsibility in order to share an overview through Investor Relations channels, and to enhance employee morale as a caring company. It is critical here to install a strategy and a process to ensure uniformity. Wizz Air has the opportunity to work with industry groups to impact industry issues and regulations with the intent to streamline our own operations and thus lower our costs. Corporate Communications will begin to use modern measurement techniques that have become industry standards to better evaluate the effectiveness of communication efforts and campaigns. OBJECTIVE The objective of the communication strategy is to change or reinforce behaviors and impressions of the key audiences of Wizz Air, primarily through earned media, employee communication, thought leadership and corporate social responsibility, to support overall corporate objectives.
Mergers are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combine (Adesegun & Nelson, 2013). Merger plays vital role for an organization in achieving its financial strategies and varied objectives or goals. Because when a company enters into merger it gives strength and growth to companies and improve competition which are good in realizing synergistic benefits. The growth of company involves two ways: one is the organic and second is the inorganic growth. Organic growth arises when company grows from its own resources it is also known as internal growth.
They want firms to supply quality goods and services efficiently in a way that minimizes adverse social or environmental costs.” (Corporate Social Responsibility: Partners for Progress OECD, Paris 2001) Bryan Horrigan underlines that CSR scholarship in the 21st century engages new debates and themes, while also making the transition from 20th century and sometimes even residual 18th and 19th century thinking and practices surrounding corporations. The true multi-disciplinary character of CSR, the reality that greater societal and global problems are addressed by CSR, and new insights into CSR`s deep complexity are all increasingly reflected in scholarly works devoted to the wide range of academic and work-related standpoints from which CSR must be assessed in its analysis and practice worldwide. (Horrigan,
By using the three main categories for Corporate Strategy which is stability, growth and retrenchment would guide the corporations toward its goal and objective. The advantage of corporate strategy in connection with the corporation’s goal and objectives is that a corporation can gain financial advantage if it enters into a joint venture or acquires other companies it can increase profits, cash flow and borrowing power. Another strategy is functional strategy. This is used to maximize resource productivity and achieve corporate and business unit objectives and strategies. It is concerned with developing and nurturing a distinctive competence to provide the corporation with competitive advantage.
This paper will investigate whether the pros exceed the cons for little organizations and the tax benefits for those organizations. Tax Advantages of Sarbanes-Oxley Act the activities required by SOX changed the face of taxes and auditing in many organizations. Sarbanes-Oxley enacted new necessities for CPA firms giving tax administrations and audit administrations for the same business. It is presently required that the accounting firm get approval and endorsement from the business audit board of trustees before taking part in in tax compliance work. To acquire approval, the CPA firm would present their proposed tax administration to the audit committee.
Drutman (2016) surveyed corporate lobbyists and asked them why their companies maintained a Washington office, and the main reason was “to protect the company against changes in government policy” and behind was the “Need to improve ability to compete by seeking favorable changes in government policy.” In other words, companies can use lobbying to make the government serve them, thereby eliminating an important check-and-balance against super stakeholders with millions of funds like Monsanto. Consequently, Pompeo’s bill is a sign of lobbying because it supports exactly what Monsanto and other manufacturers want, to continue hiding GMO ingredients from public knowledge. The bill “would require the Food and Drug Administration to conduct a safety review of new plant varieties from genetic engineering before they enter the food chain, and allow the FDA to require labeling if it believes it necessary to protect consumer health and safety,” and also, “Companies that want to produce and identify non-GMO food would do so voluntarily, but producers would not be required to say their products came from GMOs” (Raasch, 2015). The bill is a yes to what Monsanto
Furthermore, with reference to academic literature from Beattice, Goodacre and Thomas enlightened the readers of the similarities in terms of gearing ratio, which both theorist is similar and consistent but differences occur in with the trade-off with tax shield and pecking order with the new issue of shares (McLaney, 2009). Nevertheless, the contrast between the two theorist is the Trade – Off theory argues the effective measure of tax shield for corporations for the business to be successful whilst Pecking Order theory debates that with equity the business can be effective and efficient when allowance is made for the issue of new shares. Prevalently in this matter, when shares are purchased this is an avenue for investment but on the order hand trade-off is against the allowance of new shares and avoids the trade-off of new share issues (Corporate, Finance,
Successive UK governments have followed marketising strategies in relation to the media sector, seeking to introduce a general market system, favourable to corporate interests and characterised by competition-led industrial policy (Freedman, 2002). This new system is then accompanied by re-regulation. The UK has thus been a net beneficiary of an open market approach to the development of international trade in cultural goods, pursuing a liberalising agenda and supporting what have been labelled liberalist interventions and corporate agendas in EU media policy . In general it can be observed that the orientation of the UK media policy agenda is broadly commensurate with other influential blocks within the EU. Irish governments, on the other hand, have been less consistent in their approach displaying at times a dirigiste or interventionist approach and, following a change of government in 1997, what can be described as laissez faire policy adherence followed by reactive defensiveness.
Answer 1) Strategically, what must Pan-Europa do to keep from becoming the victim of a hostile takeover? Considering the current financially bearish trend in Pan Europa, the entity needs to work on multiple yet chain corporate activities to avoid hostile takeover. Below are some strategies, which can be used by the company: i) To begin with, the company must channelize its investment in those projects that will assist the growth in the revenue figures and net income. It is also important for the company not take any additional debt and accept projects within their capital budget as the banks have already signaled red warning for unsustainable debt-equity position of the company. Analyzing the past performance of the company, we found that