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Corporate Personality
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This article will outline the circumstances in which Australian courts will pierce the corporate veil. It will also discuss "shadow directors" and analyze three cases highlighting the importance of a parent ensuring that subsidiaries make independent decisions. The expression "lifting or piercing the corporate veil" refers to a court looking behind the separate legal personality of a company. In effect, the court will look behind the corporate entity to assign a corporate right, privilege, duty or liability to a member of the company where a strict application of the separate legal personality doctrine would vest the liabilities or rights solely in the company. The corporate veil may be lifted where there has been a fraud or other breach of the law. The fraud and sham argument refers to...
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Prior research suggests that workplace decisions are jointly affected by organizational factors and person-based factors. The purpose of this experimental study -- participants being managers with work experience -- was to examine if corporate values espoused by the management influence everyday workplace decisions and what kind of corporate values allow employees' personality, or ethical values, to manifest themselves. The results show that participants' workplace decisions do indeed become less ethical when corporate values adopt a very profit-oriented approach to reward and recognize employees compared to when corporate values reward integrity or when no corporate values are professed. Further, when corporate values are driven by financial profits, employees' ethical standard is no l...
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JULIA Chong was at the pinnacle of her corporate career when she gave it all up to begin a company where all the dividends are channelled back to various charities. That company, The Truly Loving Company (TLC), won national recognition for its good work when it was awarded the Prime Minister's CSR Awards 2009. Chong tells Sharmila Valli Narayanan of her extraordinary journey from corporate boardroom to TLC. JULIA CHONG'S well-heeled friends were shocked at the scene that was unfolding before their eyes. There was Chong wearing her company's T-shirt and promoting her company's household products just like any other sales promoter in a supermarket. They must have been distressed to see what they perceived to be a huge drop in status for Chong. Just a few years ago, Chong was jet-setting ...
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Barbara Ehrenreich has been a well known and respected writer for years, with her biting, witty critiques of politics and economics in such books as "The Worst Years of Our Lives" and "Fear of Falling." Five years ago, she suddenly leaped onto the bestseller lists with "Nickel and Dimed: On (Not) Getting By In America," in which she attempted to make a living on minimum wage jobs, including waiting tables at a chain restaurant in Key West. Her new book, "Bait and Switch: The (Futile) Pursuit of the American Dream," uses a similar technique on a different sector of the American economy: unemployed professionals. In the book, Ehrenreich becomes a job seeker in the corporate world. She networks. She posts her resume online. She undergoes career coaching and personality tests. But sh...
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DATUK Seri Nazir Ariff wears many hats: he is an uber successful corporate and business figure, a philanthropist, and is one of the pillars of the social scene in Penang. He tells Sharmila Valli Narayanan of his father's endearing influence, the death of the tin industry, his entry into the property market and being a single parent. WHEN Datuk Seri Nazir Ariff was conferred his `Datuk Seri' award in 2008, one of the first things he did was to visit his father's grave to tell him the good news. His late father, Datuk Mushir Ariff, who died in 2007 at the age of 89, had always told Nazir that he deserved to be made a Datuk Seri one day.
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... climate, commitment to students, corporate personality, and the atmosphere of faith at the in...
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KARTINI Illias left a five-figure salary in the corporate world to follow her heart to design batik. her hard work has paid off as her clothes under the iKarrtini label are being sold in harrods. She tells Sharmila Valli Narayanan how she made the jump from being a corporate woman to a businesswoman, and ponders on the importance of de-cluttering the mind. KARTINI ILLIAS was always fascinated by businesswomen. From the time she was seven, her ambition had always been to be a businesswoman even though she had no role models to look up to since both her parents were government servants. `When I was young, I used to think that all businesswomen were confident, independent and lived in luxury. As I grew older and wiser, I was attracted by the independence and freedom that businesswomen enjo...
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There have been two bits of corporate bloodlust here this year - Carl Icahn's thwarted proxy fight at Oklahoma City-based Kerr-McGee and Dan Snyder's attack on theme park operator Six Flags, which has headquarters a few miles away. Consider how differently our community reacted to each; it's an education in corporate personality and leadership. When Icahn set his sights on Kerr-McGee, threatening to take control of the company, CEO Luke Corbett rallied, and the business community rallied with him. The State Chamber and Greater Oklahoma City Chamber launched a public relations campaign to persuade stockholders to stay the course and reject Icahn's bid. Newspapers published editorials villainizing the self-described shareholder activist while trumpeting Kerr-McGee. Corbett - who owns a fa...
