Statutory means that something must be provided. In the case of childcare the government or local education authority have a statutory obligation to provide some form of childcare which they do in the form of schools‚ nurserys etc. Voluntary sector organizations also provide these services but they are not required to‚ they choose to do so. The statutory sector involves all the organisations that are set up‚ controlled and funded by the government‚ for example public school and NHS hospitals
Premium Education Independent school Private school
A review of the Payroll System within Cookridge Carpets Limited Prepared By: AAR Registration Number: Centre: Kaplan Financial‚ London Words: 2‚795 Contents Page Content Page 1. Terms of Reference 3 2. Methodology 4 3. Executive Summary 5 4. Introduction 7 5. Review of Payroll System 10 6. Recommendations 11 7. Appendices 12 Appendix A - Mapping document: Principles of Internal Control (knowledge) PIC 13 Appendix B - Mapping document:
Premium Accounts receivable Accounting software Financial statements
INCO LTD Majority shareholders own more than half of outstanding shares in the company whilst minority shareholders own less than 50% of the share capital. Majority shareholders are usually also the directors of the company. They in effect control the operations of the company and their actions may be to their benefit. The law therefore‚ in light of this possibility provides various legal remedies available to the minority shareholder. In this case Ergan‚ Arif and Moshe the minority shareholders
Premium Shareholder
capacity to do as such. It is regularly wrong to choose something we accept will likely have great results if that conduct is risky and has a possibility of harming individuals. In Part A‚ Some changes in rules and adopt the new strategies in the childcare was actually lead to good outcomes which needs to be there after a complaint make by parent. Rule Utilitarianism:
Premium Utilitarianism Ethics Hedonism
process through which all stakeholders can ensure that companies act in the best interests of society. CORE has played an instrumental role in securing a new obligation for the largest public companies to report on their environmental and social impacts contained within The Companies Act (2006). Company reporting is one of the main ways company directors are able to demonstrate they are fulfilling the new duty in section 172 of the Companies Act to ‘have regard to their impacts on their employees‚ relationships
Premium Public company Company Finance
resolved by the provisions of section 36C of the Companies Act 1985‚ as amended by the Companies Act 2006. 1) what are pre-incorporation contracts 2) problems surrounding pre-incorporation contracts 3) how fare have these problems been resolved A company cannot enter into a contract before it exists as a legal person by being incorporated on its registration by the Registrar of Companies after the steps required by the Companies Act 1985 have been carried out.1 Likewise‚ a company cannot
Premium Contract Person Company
a fiduciary position [to their companies]. They have in their hands the creation and moulding of the company; they have the power of defining how‚ and when‚ and in what shape‚ and under what supervision‚ it shall start into existence and begin to act as a trading corporation.” (Lord Cairns) Promoters’ fiduciary duties • “Good faith‚ fair dealing‚ full disclosure” • • Promoter may not make a secret profit • • Must declare any interest or profit in any transaction involving the company Erlanger
Premium Stock Company Fiduciary
company was bound to pay Freeman and Lockyer for their architecture work.[1] He noted that if actual authority is conferred by the board without a formal resolution‚ this renders the board liable for a fine.[2] If a person has no actual authority to act on a company’s behalf‚ then a contract can still be enforced if an agent had authority to enter contracts of a different but similar kind‚ the person granting that authority itself had authority‚ the contracting party was induced by these representations
Premium Corporation Business law Board of directors
charter or by law[2]. It means an act which is beyond the powers[3]. 3. Definition: “The term ultra vires simply means beyond powers or lack of power. An act is said to be ultra vires‚ when it is in excess of the power of the person or authority doing it[4].” 1.3.1 As per law dealing with companies: The term ultra vires in connection with law regarding companies is defined in the following way; “A company incorporated under the Companies Act had legal personality only for the
Premium Ultra vires Company
As a business that provides services to youth ages six weeks to twelve years‚ for Peas and Potatoes Child Care Center it is essential for all employees to keep a highly ethical workplace. The owners‚ employees‚ and patrons of the childcare center would benefit most from presenting every employee with ethics policies and codes necessary to keep unethical practices at bay; this information is obtainable through the “Code of Ethical Conduct and Statement of Commitment” set forth by the National Association
Premium Ethics Business ethics Morality