Assignment Of Corporate Law

Added on - Feb 2020

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CORPORATE LAW
Table of ContentsINTRODUCTION...........................................................................................................................3TASK1.............................................................................................................................................31.1) Powers of board of Waldmart and its shareholders for issue of bonus shares.....................31.2) Can shareholders stop the directors for the proposed dividend...........................................51.3) Consequences of second strike on Waldmart Ltd. and directors.........................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONCorporate law is the study of the behaviour and the interaction that carries out betweenthe shareholders, employees, directors, creditors and all the stakeholders like the society,community and the customers. The basic and the main function of this law is to give equalopportunities and power to the different people related to the corporate (Armstrong,Balakrishnan and Cohen, 2012). Moreover all the laws related to this will only be applicable onthose companies who are registered in the company act of Australia. It has its two aspectscorporate governance- where the different powers of the company are drawn and corporatefinance- where the ways to issue the capital is been concern.In this assignment report the Waldmart Ltd's issuing of the bonus shares and the outcomethat the directs will face are to be described and the reactions that being the shareholders of theorganisation gives to the proposal of directors.TASK11.1) Powers of board of Waldmart and its shareholders for issue of bonus shares.The board of directors are the governing body who get elected in the organisation as tolook over all the operations of the firm as well as they the responsibility and the duty to carry outthe various plans and decisions for the sake of the organisation. They are determined with theirroles, responsibilities, duties and powers towards the success and growth of the organisation inthe corporate world. They are hired to perform all the routine activities on the behalf ofshareholder of the company. They are very much liable and accountable to the shareholders inthe Annual General Meeting(AGM) regarding all the operation's investments, return all thereport are to be presented by them to the shareholders of the company (Hillier, Grinblatt andTitman, 2011). Their ultimate aim and objective is to prosper the company by guiding the peopleto carry out the several operations in the proper and effective manner. The are having manyresponsibility and powers that they must follow and implement in the organisation to properlycarry the functions and operation of it in an appropriate manner.Power of the directorsThey have the power to enter into the management contract.Taking legal actions.Making the Long term plans.
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