The Townsend Acts O are anti-trust laws passed in the U.S. in the 1930's to limit monopoly power. O allow district attorneys the opportunity to plea bargain with accused criminals. O were British laws enacted in the 1760's that imposed taxes on products imported to the American colonies, leading (in part) to the Boston Tea Party. O were enacted in the late 1800's to permit regulation of natural monopolies.
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- Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPAEthics Exams and Misleading InvestigationLargest Penalty Ever Imposed by SEC Against an Audit FirmWashington D.C., June 28, 2022The Securities and Exchange Commission today charged Ernst & Young LLP (EY) forcheating by its audit professionals on exams required to obtain and maintain CertifiedPublic Accountant (CPA) licenses, and for withholding evidence of this misconductfrom the SEC’s Enforcement Division during the Division’s investigation of the matter.EY admits the facts underlying the SEC’s charges and agrees to pay a $100 millionpenalty and undertake extensive remedial measures to fix the firm’s ethical issues.“This action involves breaches of trust by gatekeepers within the gatekeeper entrustedto audit many of our Nation’s public companies. It’s simply outrageous that the veryprofessionals responsible for catching cheating by clients cheated on ethics exams ofall things,” said Gurbir S. Grewal,…A group of health-conscious Buddhists have bought shares in a company that manufactures alcoholic beverages. About 400 members of that group are now shareholders and holding various amounts of shares. The members of the group who are now shareholders are not against the tobacco company making money. They are only concerned that the company is not implementing the right Occupational Health & Safety (OHS) standards, and that, moreover, it is not doing enough to prevent under-age smoking in Australia. What are the rights of members to actually call an extraordinary meeting in order to discuss a particular environmental issue that has arisen since the last meeting of members was held?Corporate governance is balancing the interests of a company's various stakeholders, which include shareholders, management, consumers, suppliers, financiers, the government, and the general public. what are the three types of corporate governance and explain each
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