Comapnay Law Essay Example | Topics and Well Written Essays - 1250 words

Comapnay Law - Essay Example (Gleghorn) Section 151 in the 1985 Companies Act declares the prohibition of financial assistance of one's own shares in a public company and legal actions such as fines and imprisonment can be taken if this is done, this can be considered as a precautionary action to provide a certain step back safety option for investors from major capital loss risks. Private companies however have certain law exceptions which give them an escape to provide financial assistance. The court case of Brady v Brady involving two brothers sharing a family business was the first to encounter this issue and they filed a petition feeling that their assts where not justly divided upon a previous agreement. The judge consequently allowed financial assistance as an exception to the withheld rule though at first it was not seen to fit the frame of permitted cases. "Infringing the prohibition on financial assistance is a criminal offence and may involve serious civil consequences. This uncertainty has prompted calls for reform, which the government would appear to be addressing in its White Paper "Modernising Company Law" by proposing to simplify the rules for public companies and to abolish the restrictions altogether for private companies." (Gleghorn) The many advantages from omitting this section was removing the negative effect it had on private companies, remove the burden of falling into illegal traps, avoid time consuming procedures such as whitewashing and by so save the money spent on it. In an effort to develop an effective infrastructure for companies to work in, an independent group was formed to oversee the management of the 1998 DTI review and, following an extensive process of consultation, presented its final report on 26 July 2001 which included the following recommendations (Government's White Paper, "Modernizing Company Law" (July 2002)) for the abolition of complex rules on financial assistance for private companies: Abolition of the whitewash procedure. The financial assistance provisions should in future apply only to public companies. So the whitewash procedure will no longer be necessary for private companies. It is unlikely to be extended to apply to public companies. The prohibition would also no longer apply to unlimited companies. Foreign subsidiaries. The scope of the prohibition should be amended so that it is made clear that the prohibition does not apply to provision of financial assistance by a foreign subsidiary for the acquisition of shares in its British parent company. Criminal sanctions. Criminal sanctions for breach of the financial assistance provision should continue for directors but should be relaxed for companies. Transactions should no longer be void solely on the grounds that they constitute unlawful financial assistance. How Companies Act 2006 will change the law in this area The Secretary of State, Alistair Darling, said that, "this Act will ensure Britain remains one of the best places in the world to

James Cameron and his influence on the Movie Industry Research Paper

James Cameron and his influence on the Movie Industry - Research Paper Example James Cameron and his influence on the Movie Industry Credited for creation of legendary movies with unforgettable characters and special effects, James Cameron in his 31 year film career, has churned out epic blockbusters, breaking his own box office records. Right from the heart wrenching soft romance in 'Titanic', to breathless catastrophes in 'Terminator', his films have enchanted and captivated audiences worldwide. Throughout his career in the film industry, James Cameron has left an indelible mark on the history of entertainment, combining captivating special effects with inspiring and unforgettable storylines. A prominent entertainment figure, honored across the world by prestigious organizations, and listed in TIME magazine's top 100 influential people of the 20th century, James Cameron has greatly revolutionized and influenced the movie industry and culture, deserving even higher accolades, honor and recognition. Describing James Cameron's days as a young boy, Tom Shone, author of Blockbuster: How Hollywood Learned to Stop Worr ying and Love the Summer, writes: As a boy in Chippawa, Ontario, James Cameron once sent some mice over the edge of Niagara Falls in a small submersible made from old mayonnaise jars, an Erector Set and a paint bucket. Another time, he made a hot-air balloon out of a dry-cleaning bag and some candles, floating it down the street until someone reported it as a U.F.O. and called the Fire Department. Together with the young Steven Spielberg’s experiments in civic alarum-raising — locking himself in the bathroom until the Phoenix Fire Department was summoned — Cameron’s excursions suggest two interlocking propositions: (1) If you want to know who is going to grow up to be a box-office titan, check out the rec ­ords of your local Fire Department. And (2) nobody should be surprised if Balloon Boy turns into the proud auteur behind Terminator Resurrection: This Time With Feeling. (Shone) I am the king of the World James Cameron, lifting his Oscar Statuette for the movie 'Titanic' on the night of March 23 , in the Shrine Auditorium, shouted, "I am the King of the World". The highest grosser worldwide, Titanic went on to win 11 Academy Awards. The movie's successful run at the box office worldwide breaking all records, set all naysayers to rest. Being the most expensive movie ever made, going $100m over budget, it was speculated that the movie was doomed to flop. Contrary to his other movies, which were mostly sci-fi, with hard action and thrill, Titanic was different from his previous works. "Titanic, however, was something else altogether, and, particularly in its appeal to women, almost unfathomable in its emotional power" (Goodwin). The movie's overwhelming success established James Cameron as the king of Hollywood, leaving the audience crooning 'My Heart will go on'. A Visionary "An audacious visionary who developed new film technologies midstream in order to turn his creative visions into film reality, director James Cameron was cred ited with single-handedly resurrecting a once-dead science fiction genre, thanks to the timeless success of "The Terminator" (1984) and "Aliens" (1986)" (Yahoo movies). True to his reputation, James Cameron could bring the dead back to life in his movies. Beginning with ' Xenogenesis', followed by the ' The Abyss', 'Aliens', the 'Terminator' series and then 'Avatar', Hollywood science fiction has finally arrived. Avatar, a 3D digital movie, was his ambitious foray into 3D film making, a genre still in its nascent stage, where many other

Criminal Procedure Essay Example for Free

Criminal Procedure Essay â€Å"One may well ask: How can you advocate breaking some laws and obeying others? The answer lies in the fact that there are two types of laws: just and unjust. I would be the first to advocate obeying just laws. One has not only a legal but, a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.† – Martin Luther King, Jr. Imagine a perfect society, where the population had a standard set of rules and followed them. In that perfect society, everyone knew the rules down to a specific science hence, they knew how to obey said rules. Unfortunately in our time, we do not have a perfect society. Our civilization has lost the knowledge of their rights unless either; a.) laws were broken by an individual or b.) the individual is studying or examining criminal law. Either way, our society unknowingly forfeits their rights in certain situations. On the other hand, there are law enforcement officers who have sworn to uphold these rights to obtain their position. Some do not know themselves, when they have crossed the line of duty or violated a right. It is up to us to break down and identify the validity and righteousness of the â€Å"Officer Smith The Gold Pontiac† situation we are presented with. Reasonable suspicion is â€Å"a standard used in criminal procedure, more relaxed than probable cause, that can justify less-intrusive searches. A reasonable suspicion exists when a reasonable person under the circumstances, would, based upon specific and articulable facts, suspect that a crime has been committed (Reasonable Suspicion, Cornell Law School Library [2013]).† Officer Smith pulled over a gold, older model Pontiac because she noticed tape on what she suspected to be broken. One might wonder why Officer Smith pulled the Pontiac over. In most states, the driver is held accountable for faulty equipment of their vehicle. Unless the tape is red, reflective and transparent, an officer has every right to pull the driver over and issue a ticket. In my own experience, it is highly likely for a police officer to pull someone over if there was an obstruction of a head or taillight. I myself have been pulled over for something similar in which I received a warning or ticket. On her way to the driver’s window, Officer Smith remembers the description of a vehicle that was recently involved in a roadside killing of another police officer. That description fit with the Pontiac she had just pulled over. Officer Smith proceeds to ask the driver to get out of the vehicle so she may conduct a quick pat down for weapons. According to the Fourth Amendment, a justifiable search begins with reasonable suspicion. In this case, Officer Smith asks the driver to endure a â€Å"stop and frisk†. This means, the officer had the right to ask for a quick pat down of the driver’s outer clothing in search of a weapon(s). In my belief, the driver’s rights were not violated and valid based on the officer’s request for a stop and frisk. Nothing illegal has happened between the two. â€Å"If, during the pat down for weapons, the officer feels a weapon on the individual, the officer then has probable cause to conduct a complete search.† (Roberson, Wallace Stuckey, 2007; p.83) In our example, a weapon was not felt or found on the driver. Furthermore, Officer Smith has now conducted what’s known as a â€Å"Terry Stop†. What is the difference between a Terry Stop and the Stop and Frisk you ask? There isn’t any significant difference. Prior to â€Å"Terry Vs. Ohio† (1968), a stop and frisk protected against illegitimate search and seizure. Where as after, it is come to be known as; constitutional according to circumstances where a reasonably suspicious officer has a valid concern for societies or his/her safety. After the Terry Stop, Officer Smith directed the driver to have a seat in the vehicle and asks for their driver license and registration. I would think that this procedure is pretty standard in identifying who the driver is and maybe writing out a ticket for the taillight tape. The driver had other plans and speeds away from Officer Smith without giving requested information. It is to my knowledge that Officer Smith has mor e than reasonable suspicion now. She has probable cause to believe that the driver was in fact, the killer from the incident she’d heard about. With probable cause, Officer Smith proceeds to chase the Pontiac. The chase ends when the driver of the Pontiac hits a telephone pole. You may stop to ask me; â€Å"What is the difference between probable cause and reasonable suspicion?† From my understanding of the two, probable cause is grounds for a warrant or for an arrest. Reasonable suspicion is not but, it may be grounds to further investigate or for a police officer to detain a person or vehicle for further investigation (Florida State University Law Review, Summer (2006), Vol. 33, Issue 4, 1239-1248). I’m compelled to agree with officer Smith in this instance. The driver demonstrated reckless behavior, presenting exigent circumstances for Officer Smith to give chase to this vehicle. According to The Cornell Law Library, an exigent circumstance is â€Å"a circumstance that requires an immediate response. It occurs when police officers believe they have probable cause and there is no time to obtain a warrant. (Exigent Circumstance), Cornell Law School Library [2013])† Being that the chase ended with a severe crash, Officer Smith did respond immediately to the situation. Furthermore, our scenario goes on to explain that Officer Smith feared that the car might catch on fire from the leaking gas tank. She pulls out the driver from the vehicle and goes back to get her purse for identification. It is then that Officer Smith sees that the glove box has popped open and in it was a firearm with documents on top of it. We are asked to think about if the firearm was in plain view and if it was legally obtained? Since I am just a Criminal Justice student, I would have to say affirmative to both. I say that in full confidence because it is legal for an officer to enter a vehicle at the scene of an accident to assist without an issued search warrant. Without rummaging through the vehicles co ntents, the officer sees a weapon or narcotics. Even with the use of a flashlight, it is still considered legal. Just because something is hidden behind darkness, doesn’t mean it wouldn’t be seen during daylight, right? The other permissible circumstance regarding the plain view doctrine is, if the officer moves him or herself around to take a look. The object in plain view (without a thorough search) can be seized and is admissible evidence in court. The fact that the gun was seen through the documentation clearly shows that it was in plain view and didn’t have to be searched for. Officer Smith goes on to find the driver’s purse. In an attempt to locate the driver’s identification, she finds a baggie of Marijuana in the driver’s purse. Although I do not believe that this will uphold as evidence in this case, it may present the driver with another set of charges against her. Perhaps the driver may get charged with possession of an illegal substance? However, I really feel that Officer Smith did not have the right to search for anything other than the drivers license, even though she did find the Marijuana in the purse. In my studies it would be considered â€Å"Fruit of the Poisonous Tree†. Although Officer Smith was legally allowed to enter the vehicle without a search warrant and assist in identifying the driver, I believe that the retrieval of the cannabis will not be permissible in court for the reasons I’ve stated above. Our scenario also goes on to state that it was later found that this vehicle was not the vehicle involved in the death of the officer. It also states that it was determined that the taillight was not in fact broken. One might question or argue at this point, whether the entire scenario is justifiable or necessary? From my point of view it was entirely correct. The officer had a valid reason to pull the car over. She had reasonable suspicion for a Terry Stop. Her reasonable suspicion then turned to probable cause when the driver fled the sight without presenting the officer with what she’d asked for. The officer then acted within a responsible manner to help the driver out of the crashed vehicle. After all, law enforcement is there to â€Å"protect and serve† our community. The firearm was in plain sight of the officer while she tried to locate the driver’s identification. Nothing except the search and seizure of the contents of the purse violated the rights of the driver; nor incriminated the police officer. It is in my belief that Officer Smith could’ve called for backup or help once she found the scene of the accident. She could’ve taken the purse out of the vehicle and even seized the gun. However, she had time to obtain a warrant to search the purse. In instances like we have just gone through, it is interesting to see just how knowledgeable each player is with their rights and responsibilities. We see these cases often in the news and some do not even make it to trial because either a right was violated or a piece of evidence was gathered with some mistake made in obtaining it. â€Å"Dont interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties.†- President Abraham Lincoln References Exigent Circumstance [Def.1], In Legal Information Institute, Cornell Univeristy Law School Libarary. Retrieved February 13, 2013, from http://www.law.cornell.edu/wex/exigent_circumstances Plain View Doctrine [Def.1], In Legal Information Institute, Cornell University Law School Library. Retrieved February 15, 2013, from http://www.law.cornell.edu/wex/plain_view_doctrine Reasonable Suspicion [Def.1]. In Legal Information Institute, Cornell University Law School Library. Retrieved February 13, 2013, from http://www.law.cornell.edu/wex/reasonable_suspicion Stuckey, G., Roberson, C., Wallace, H., (2006). Procedures in the Justice System (8th Edition). Upper Saddle River, NJ: Pearson/Prentice Hall. Florida State University Law Review, Summer (2006), Vol. 33, Issue 4, 1239-1248, Retrieved February 14, 2013, from http://www.heinonline.org.lib.kaplan.edu/HOL/Page?handle=hein.journals/flsulr33div=61

Recovering History, Constructing Race: the Indian, Black, and White Roo

Recovering History, Constructing Race: the Indian, Black, and White Roots of Mexican Americans Recovering Aztlan : Racial Formation Through a Shared History (1) Traditionally history of the Americas and American population has been taught in a direction heading west from Europe to the California frontier. In Recovering History, Constructing Race, Martha Mencahca locates the origins of the history of the Americas in a floral pattern where migration from Asia, Europe, and Africa both voluntary and forced converge magnetically in Mexico then spreads out again to the north and northeast. By creating this patters she complicates the idea of race, history, and nationality. The term Mexican, which today refers to a specific nationality in Central America, is instead used as a shared historic and cultural identity of a people who spread from Mexico across the southwest United States. To create this shared identity Menchaca carefully constructs the Mexican race from prehistoric records to current battles for Civil Rights. What emerges is a story in which Anglo-Americans become the illegal immigrants crossing the border into Texas and mestizo Mexicans can earn an upgrade in class distinction through heroic military acts. In short what emerges is a sometimes upside down always creative reinvention of history and the creation of the Mexican "race (?)". Mexicans, as constructed by Menchaca, are a predominantly mestizo population whose mixed ancestry she traces to early Latin American civilizations. In 200 BC the largest city in the Americas, Teotihuacà ¡n, was founded. Teotihuacà ¡n would one day be the site of Mexico City, and by 650 AD there were between 120,000 and 250,000 inhabitants. (2) Groups that inhabited the region fro... ...e, history, and blood. The specific commingling that emerges, however, has common roots in its very diversity. Throughout her tale Menchaca's allegiance is clearly to her race, and while the bias comes through, the history she traces is never the less compelling. The strongest achievement of this book is that it fundamentally shifts the gaze of its reader by reifying race and celebrating its complexity. Notes 1. Aztlan is the quasimythylogical homeland of the Chichimec people who were expelled by their god and traveled south to found civilizations in Mexico. It is theoretically located in present day New Mexico. 2. Martha Menchaca, Recovering History, Constructing Race: the Indian, Black, and White Roots of Mexican Americans (Texas: University of Texas Press, 2001), 29. 3. Menchaca, 47. 4. Menchaca, 50. 5. Menchaca, 199.

Core Competencies

1. Define the following: Cash Cow- a business or product which generates a sturdy, dependable flow of cash. Dog- a product with low market share in a slow growing market and thus neither generates more consumes large amounts of cash. Star- products that are in high growth markets with a relatively high share of that market. They tend to generate high amounts of income. Question Mark- growing rapidly and thus consumes large amounts of cash but because they have low markets shares they do not generate much cash 2. What are core competences? Core competences are critical capabilities to a business achieving competitive advantage.The starting point for analysing core competences is recognising that competition between businesses is as much a race for competence mastery as it is for market position and market power. Senior management cannot focus on all activities of a business and the competencies required to undertake them. So the goal is for management to focus attention on competencie s that really affect competitive advantage. 4 Potential sources of core competences * Distribution * Marketing * Management * Manufacturing 4 criteria used to evaluate core competences * Valuable * Rare * Costly to imitate * Non substitutable 3.What should an audit of resources include? The resources available to a business whether it be owned or obtained through partnerships, joint ventures or simply suppliers arrangement with other businesses. The assessment of the strength and weakness of an organisation in conjunction with an assessment of opportunities and threats. It should have the key success factors for the markets and industries in question and the comparable strengths and weaknesses of competitors for the same customers. 4. What are the strategic options for competing in a Mature Industry? * Prune marginal products and models * Emphasize innovation in the value chain Strong focus on cost reduction * Increase sales to present customers * Purchase rivals at bargain prices * Expand internationally * Build new, more flexible competitive capabilities 5. Define the Value System The Value System is the set of interdependent situations within a business which both directly or indirectly adds value to the customer and ultimately generates a net cash inflow. This also provides a key link between competitive strategy and shareholder value. Even though the value system bears some resemblance to Porter’s value chain, the latter is perhaps less flexible and less easily tailored to the variety of the modern business.

How Leadership And Attitude Go Together - 1416 Words

How Leadership and Attitude Go Together According to Merriam-Webster Dictionary (2014) attitude is a feeling or way of thinking that affects a person’s behavior† (pg. 1). Normally, when someone thinks of communication, it’s in the verbal form. But what about communications in the nonverbal form, for example one’s mood? Is it a possibility if a leader comes to work with a negative attitude that it can be damaging to the whole team? It is imperative to make sure that leaders understand that coming to work in a positive mood is crucial. A negative mood could be damaging to the whole team, one person’s mood could change morale, and there is also critical thinking that goes into understanding why. Leaders and Attitude A leader’s mood can†¦show more content†¦2012). Employees will be more willing to give all they’ve got to the job because they are also satisfied with the environment. Negative attitudes can have consequences on input and drive of each team member (Volmer, J, 2012). The scholarly article by Volmer, J. addresses the issue of why it is so crucial to come to work with a positive attitude. If leaders don’t, it can have a domino effect of bad outcomes for the organization, one’s self, and followers. This was my first time using the school library to find a scholarly article on my topic. The key words I used were leadership and communication as well as attitude. I did not find an article right away and realized I needed to be more specific in my search. Just because the article may contain my key words doesn’t mean it’s on the subject I wanted. Instead, what I decided to do was to find an article that had leader ship and communication in the subject heading and attitude as the keyword. When looking for a journal article there are characteristics to look for. Most journal articles are plain, meaning that they are black and white and do not have advertisements for nonrelated produtcts. More importantly, other peers that are knowledgeable in the same areas have reviewed the article (CSU-Global, n.d). Because there is research that is being conducted it could be lengthy with all the explanation, tables, and/or graphs (CSU-Global, n.d). Make sure that at the end there is some sort of reference information.

A Study on Financing, Liberal Arts, and Equity - 1572 Words

Financing, Liberal Arts, Equity Introduction The existing public education system in America was established when education was a low priority. As the demands for greater education grew, the public education system tried but failed to keep pace with those demands. The educational system must standardize education across America, raise the percentage of students who have mastered basic skills and teach students to understand the importance of learning about a wide variety of subjects. The value of a liberal arts education and the focus the liberal arts should receive in secondary and post-secondary education Local and state governments rule the curriculum in American education and the wide variation in standards shows that this system does not work well. Our education system was set up in a culture that valued agriculture but not education and few students attended school all the way through the 12th grade (Amoruso Opitz, 2007, p. 5). That system, which is still the basic system today, cannot deal with the needs of the United States on the world stage. High school graduates do not have basic skills and their employers are forced to give them remedial educations because their public school educations are inadequate (Amoruso Opitz, 2007, p. 5). If our federal government funded our public schools and set basic standards, America would have a better chance of turning out high school graduates who can at least read, write, spell and do simple math. That systemShow MoreRelatedInvesture, Llc, and Smith College6072 Words   |  25 PagesUVA-F-1537 INVESTURE, LLC, AND SMITH COLLEGE In January 2004, Alice Handy’s new investment advisory firm, Investure, LLC, was attempting to land its first client, Smith College, an elite liberal arts college located in Northampton, Massachusetts with a $913 million endowment. 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