Apart from the Sarbanes-Oxley Act of 2022, what other potential solutions exist to mitigate conflicts of interest, and is it suitable for American legislation to be applicable to Canadian corporations?
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Apart from the Sarbanes-Oxley Act of 2022, what other potential solutions exist to mitigate conflicts of interest, and is it suitable for American legislation to be applicable to Canadian corporations?
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- Diebold is a $3 billion company whose core products are ATMs, bank vaults, and security systems. Until the 1990s, it was a global market leader. Then, its rival NCR surpassed it in sales. As a result, Diebold began acquiring suppliers around the world. One company it purchased was a Brazilian manufacturer of ATMs. Around this time the Brazilian government was looking to fully automate its voting system, and Diebold got the contract through its Brazilian company. The Brazilian presidential election went off without a hitch with Diebold machines. Emboldened by this success, Diebold decided to enter the voting machine market. The U.S. seemed a likely market, especially after the passage of the Help America Vote Act when local governments were told to replace punch-card voting machines with touch-screen machines. The big contracts meant big problems for Diebold. Orders were lost, manufacturing fell way behind schedule, and its technical staff was overwhelmed by the demand. In addition,…the tragedy of commons, in Hardin's sense, often plays itself out in environmental ways, from generic human self-interest to overuse of finite resources and environmental degradation. How might the tragedy of the commons, as enacted through commercial enterprise, play out with respect to society? Isolate some examples of the tragedy of the commons, and discuss whether a resolution to this problem is possible, and if so, how it might come about.Explain how a company can fail when the safeguards that should be in place fail.
- According to the course text, the United States has employed a worldwide system of taxation for the past 100 years. The Tax Cuts and Jobs Act (TCJA) upended this system. imagine you are an Intomational tax consultant advising a client on the impact of PL 115 97, the law known as the Tax Cuts and Jobs Act on the taxation of a controlled foreign corporation (CFC) Analyze two changes to CFCs and advise your client on the actions necessary to reduce current and future tax lobility as a result of these charges Create a scenario reflecting the taxation under the prior tax and current law to support your recommendationsUnited Fruit once dominated business and politics in Central America. It was the first truly multinational modern corporation. As well as harvesting the region's bananas, the company also wielded formidable influence over small nations, which were often ruled by corrupt dictators. United Fruit began in the 1870s as a business sideline of Minor Cooper Keith, who was also building a railway line in Costa Rica. Both ventures were successful, and by 1890, Keith owned vast banana plantations, and demand in the United States for bananas outstripped supply. By the 1920's was growing bananas for the working classes in the U.S. and in Europe. United Fruit gained a reputation for ruthlessness when crossed and acted to remove governments that did not comply with its wishes. By the 1970s, United Fruit was no longer profitable and had lost its power.According to Max Weber, the goal of the bureaucratic management of United Fruit would have been to: A. provide its managers with the training…Do you agree or disagree with the discussion below? What is your reaction? Any additional thought? Goodward, a newly hired newspaper reporter for The Cape Cod News, learned that the local cranberry growers had made an agreement under which they pooled their cranberry crops each year and sold them at what they determined to be a fair price. Goodward believes that such an agreement is in restraint of trade and a violation of the antitrust laws. Is he correct? I would say yes, and this is because according to Twomey the antitrust law will step in when competitors create a barrier to market entry or collude on prices or production to control prices. Antitrust It is designed to prevent unfair practices that reduce competition, such as price fixing. These laws are crucial for maintaining a competitive marketplace and protecting consumers from unfair pricing. Since the local cranberry growers had made an agreement under which they pooled their cranberry crops each year and sold them at…
- Briefly explain each of the three main methods companies use to manage political risk.Honda has been the world's largest motorcycle manufacturer since 1959. After succeeding in the automobile industry in Eastern Asia since 1949, Honda started to expand its business by registering as a corporation in different parts of the world resulting in huge growth in the vehicle segment. However, itstruggled to establish their corporation in many countries as they were unable to comply with the rules and regulation of the country. Honda thereafter took up separate methods of operation to expand worldwide. One of the key marketeyed by Honda in Asia was India but India proved to be a difficult destination for Honda to enter and hence, the company opted to proceed with a joint venture plan.Initially, the company tried to reach an agreement with Bajaj Auto Ltd thereafter concluding a deal with the Hero Group. Honda's entry plan for India's two wheeler market was divided into two segments. Firstly, the joint venture with the Ludhiana based Munial family's Hero group for motor cycles,…Ten common Areas of Conflict:
- Do you agree or disagree with the discussion below: Antitrust laws in the United States, such as the Sherman and Clayton Act, are designed to promote competition and prevent anticompetitive behavior in the marketplace. These laws generally prohibit agreements, contracts, or combinations that restrain trade or suppress competition.Pooling agreements among local cranberry growers could raise antitrust concerns if they have anticompetitive effects, such as reducing competition among cranberry producers or increasing consumer prices. However, the legality of such agreements depends on various factors and is a matter for legal authorities to assess.It is important to note that not all agreements to pool resources or coordinate production are automatically considered violations of antitrust laws. Some collaborative efforts may be permissible under antitrust laws if they promote efficiency, innovation, or other pro-competitive benefits.To determine whether the cranberry growers' agreement…Healthcare What if you own and live on a commercial farm and grow wheat for sale, but you also set aside a fairly large amount for your family's personal consumption. Are you affecting interstate commerce in such a way that Congress should be able to regulate it?Microsoft Acquires Skype In 2011. Microsoft purchased the online telecom company, Skype, to improve the video and voice communication capabilities of its Office products. In addition to gaining access to Skype's 107 million users, who were, on average, connected for over 100 minutes per month, the deal kept the platform away from rivals Google and Facebook. Microsoft knew that its business clients would benefit from Skype's friendly user-interface and sophisticated tools and features. However, the company currently had the homegrown Lync product in its portfolio, which was designed to integrate with Outlook and serve as clients' primary communications platform. Because of the redundancy of the two brands, Microsoft ultimately decided to eliminate the Lync brand and rebrand the tool's properties as Skype for Business. This allowed them to take advantage of the Skype brand's familiarity among consumers. Lync users could enjoy the same features they were used to but with the sleeker…