Corporate law Essays

Corporate crime is a form of fraud that is closely related to “white-collar crime,” which takes place in business organizations and other corporate institutions such as banks, manufacturing industries, and non-governmental organizations. Unlike organized crime which may involve illegal street activities such as kidnappings and cross-border operations like drug trafficking, corporate crime involves “clean jobs” like manipulation of accounting records by finance officers, insider trading, misappropriation

Reforms on taxation keep coming up due to changes in law and other regulations that control trade in a country. The tax reform bill of 2018 proposes a permanent reduction of the rate of corporate income tax from 35% to 21%. The legislation has proposed a number of changes to the tax code that will affect both individuals and large businesses (Gentile and Michael 24). Among the various amendments proposed in the bill, a number of them shall affect large businesses. These amendments include the business

What is corporate compliance? Compliance - The word compliance is defined as the act of adhering to or conforming to a law, rule, demand, or request. In a business environment, conforming to the laws, regulations, rules and policies is a very important part of business operations often referred to as "corporate compliance." Corporate compliance involves keeping a watchful eye on a fast-changing legal and regulatory climate, and making the changes necessary for the business to continue operating in

Decades of corporate greed, personal misconduct with risk taking eroded trust in corporate decision-making has resulted in the lack of confidence by stakeholders in American corporations. Restoring trust requires that the board of directors comply with requirements for greater accountability and transparency. Directors are legally bound, as stated by the Delaware Supreme Court, as fiduciaries are owing duties of care and loyalty, due care, and good faith the stakeholders and the wider society.

fide without violation of the provision of tax law. The complication of the tax rules and regulations for the taxpayers to comply is what make tax avoidance a challenging and interesting topic to be explored in research. It is hard for the taxpayers to up-to-date with the constant changing of the taxation rules or amendments of taxation laws. Yet, the taxpayers could enjoy an optimal tax benefits if they have solid foundation knowledge on tax laws and compliance requirements. This

policy non-profit, "The worldwide average top corporate income tax rate, across 188 countries and tax jurisdictions, is 22.5 percent." The tax foundation states that the United States has the top third corporate tax rate, according to the same findings. "The United States, with a combined top marginal tax rate of 38.9 percent (consisting of the federal tax rate of 35 percent plus the average tax rate among the states), has the third highest corporate income tax rate in the world, slightly behind

Sarbanes-Oxley The Sarbanes-Oxley Act (SOX) was marked into law in July 2002, with the express motivation behind reestablishing public trust in corporate financial proclamations. Preceding the order of Sox, investors endured huge losses because of corporate lacks brought on by financial related misbehavior. In particular, SOX was proposed to address issues of accounting extortion by endeavoring to enhance both the precision of and quality of corporate disclosures. It likewise expanded the responsibility

accounting was reported by government and non government bodies. It’s creation stemmed from the many corporate scandals occurring at the time such as Enron and Worldcom. The creation of this act opened many channels for the government to enforce oversight into the inner practices of large corporations. The Sarbanes-Oxley Act of 2002 was the drastic change the government needed to manage and review corporate financials and reporting practices. By forcing corporations to comply with a more stringent set

geographic region into North Central, Northeast, Northwest, South and Southwest following the Macy’s operating structure. By January 30, 2016, they have 163, 254, 137, 188, 128 in each region. a) Corporate governance, ethical issues, and other disclosure: The Board of Directors are responsible to recommend Corporate Governance Committee. They can select Macy’s Chairman and the Company’s Chief Executive Officer. When they evaluate those candidates, the candidates should meet the qualities of this position

• TechFite will decrease executive bonuses by at least 5% from now going forward. • TechFite will commit to giving back to the community each year. They will commit to donating at least $10,000 each year. • TechFite full-time employees will work no less than 35 hours a week to verify they are able to receive their full-time benefits. A1. Rationale • Decreasing executive bonuses will provide more funding to the budget, therefore allowing TechFite to increase employees work hours. • TechFite is widely

1.4. Parallels between the Swaziland Railway Scandal, the CTA scandal and the Enron Scandal Lack of sound leadership by the boards of directors. According to the King code 111 and the Sarnanese Oxley there is a need for Ethical leadership and corporate citizenship by a company. Also 1) the board should provide effective leadership based on ethical foundation according to Jackson and Stent (2010) the board of directors is prepared to implement the above mentioned principle, it must direct the strategy

part of corporate restructuring. So does amalgamation, takeovers, spin offs, leveraged buyouts, buyback of shares, capital reorganization, sale of business units and assets etc. Mergers and Acquisitions are the most popular means of corporate restructuring. They have played an important role in the external growth of a number of companies in the world. The basic purpose of corporate restructuring is to enhance the shareholder value. But first, we should be able to understand what Corporate Restructuring

ethics and it involves key items that they focus on throughout their organization. 1. Obey the law 2. Take care of our members 3. Take care of our employees 4. Respect our suppliers While each of these items has much more detail provided in their corporate mission statement and code of ethics, they are seemingly very simple and straight forward. There is not a lot of large unnecessary words or corporate speak used. To me this reflects directly on how Costco treats its employees and customers. (Statterfield

breaks or lunch. While some companies have outright banned the use of company resources for personal use. The problem here. The dilemma is some say it increases productivity, while others say it decreases productivity. Additionally the strain on corporate resources and the renewed security risk involved with employee

discount prices. Kay’s refused to stop selling below the prices suggested by Leegin, and Leegin subsequently refused to sell any more Brighton products to Kay’s. PSKS then brought a suit, alleging that Leegin’s resale-price policy violated antitrust law. The jury awarded $3,975,000 to PSKS, and this court affirmed pursuant to Dr. Miles. PSKS, Inc. v. Leegin Creative Leather Prods., Inc., 171 F. App'x 464 (5th Cir.2006). Leegin’s appealed, but the court of appeals affirmed. Leegin’s appealed again

The significance of corporate boards of directors stems from their central function in establishing strategy, ensuring the monitoring of the manager and managing resources. In this light, the boards’ characteristics are central because they play a significant and crucial role within governance (Hermalin and Weisbach, 2003). One of the most highlighted boards’ characteristics in the recent literature is the diversity of corporate boards. Board diversity has been the subject of several studies carried

They help in the communities in every way possible by doing activities that will benefit the community they are active in. They also give social support likefinancial assistance and advice. They comply with human rights and the labor laws. They have social equity because they give their communities equal opportunity, in a safe and healthy environment. They take care of the environment because that is where their businesses are based and they need a good image and want to ensure that

Sarbanes-Oxley Act of 2002 is a law enacted by US congress in July 30, 2002. The bill consists of 11 sections and was created as a reaction to high numbers of fraud and business misbehavior in major US corporations. The act clearly imposes responsibilities for the board of directors and defines the regulations all corporations have to comply with. The bill does not affect only US public companies, but it goes beyond that to over control companies under a US presence. It requires each organization

The Tax Cuts and Jobs Act (TCJA) has provided major changes to the federal taxation landscape of US corporations nation-wide. The most notable change, the corporate statutory tax rate decrease from 35% to 21%, could potentially have a dramatic effect on the many tax characteristics of a company. This report will analyze the tax and accounting for income tax attributes for Goodyear Tire and its competitor Cooper Tire. The tax attributes examined include cash effective tax rate, operating countries

1.Facts of corporate scandals Olympus Olympus is the Japanese-based manufacturer specialized in optical technology product. In 2011, the company hired a british CEO, Michael Woodford who after that investigated into the huge advisor fee of $687 million in transaction to acquire Gyrus. There were several questions about these acquisition transactions seeking for answer from the board of director but they simply dismissed him as CEO after 2 weeks working without any explanation. With the assistance