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You have been elected to Investment Management Corporation’s (IMC) board of directors. The board consists of five members. Recently, by a vote of four in favor and one opposed (you were the one opposed), the board voted to give annual college scholarships in the amount of $100,000 to local students. Last year, IMC made a profit of $2 million dollars, but the board did not vote to give shareholders dividends. You are concerned that some of the other board members have violated the business judgment rule in making their decision, based on the following additional facts about the four board members who voted in favor of the annual scholarships:

  1. Peter, who works as a guidance counselor, is newly elected to the board and has only been on the board for one month. Peter has made a cursory review of corporate records. Peter is very good friends with the CEO, who recommended in favor of the vote. Peter also has two children, ages 16 and 17.
  2. Paul, an advertising executive, is a very busy man and attends about four meetings a year. The board meets every month. Paul has been on the board for 10 years and stays in touch with the CEO whenever he is out of town.
  3. Mary, a CPA, has been a board member for three years. Mary just returned from a trip to Europe. After two hours of sleep, Mary reviewed all corporate records before voting.
  4. Janice, a retired high school teacher, serves on many corporate boards of directors. Some of the corporations are competitors of IMC.
  • For your initial response, prepare an argument against one or more of the board members, suggesting that the member(s) has (have) violated the business judgment rule
  • Be sure to discuss the member’s fiduciary duties and explain which duty or duties the member(s) may have violated and explain why
  • Include any assumptions you have made
  • Post replies to at least two other students
  • You can politely agree or disagree
  • You must include new information in your replies to further the discussion
  • Doing more than the minimum will enhance your grade
  • All posts are to be substantial, incorporate course concepts, and relate to the discussion issue
  • You might also want to conduct some independent research to enhance your posts

Hannah Lejter in response to this Topic

4/11/2017 9:03 PM EDT | 347 words

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The business judgement rule helps uphold the duty of due care by acting to protect the stability and ideally upward progression of the stock value of a business. Decisions that shareholders come to should be decisions that meet a shared rational business purpose.

I have voted against the IMC board’s decision to give annual collage scholarships in the amount of $100,000 to local students because the board did not vote to give shareholders dividends, a a decision which may have a negative effect on the stock value of the IMC: “A company that eliminates or reduces its existing dividend payment may be viewed unfavorably and its stock price may decrease” (Fontinelle, 2016). The IMC made a profit of $2 million dollars last year and is a well-established company that (presumably) has given shareholders dividends before. Stopping dividends may turn off potential investors because dividends are a sign of stable companies that may yield them much profit.

One of the people that voted in favor of the decision, Janice, is a retired high school teacher who may be biased because she may think purely through the college students’ eyes and how they could stand to benefit from a sum of money going towards college. As an employee of IMC, and as a fiduciary, however, and according to the business judgement rule, she should judge in such a way that would benefit the business – the beneficiary. Janice has fiduciary duties because she serves on many corporate boards of directors, and “[a] fiduciary is a person who acts on behalf of another (beneficiary) and is required to do so with great integrity” (McAdams, 2014, p.387). She has violated the fiduciary duty by acting in favor of a decision that may denigrate the stock value of IMC, especially since some of the boards of directions she serves are competitors of IMC. Janice should keep the IMC’s best interest in mind while making decisions on IMC’s board of directors.

Fontinelle, A. (2016, August 08). Why do some companies pay a dividend, while other companies do not? Retrieved April 11, 2017, from http://www.investopedia.com/ask/answers/12/why-do-…

McAdams, Tony (2014). Law, Business, and Society [Kindle for Mac edition.] Retrieved from
www.amazon.com

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Stacy Bernier

Stacy Bernier in response to this Topic

4/11/2017 8:25 PM EDT | 420 words

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I believe that Peter, Mary, and Janice have violated the business judgment rule. The judgment rule states that a decision is made by a loyal and informed board and will not be overturned unless it cannot be attributed to any rational business purpose. The shareholder challenging the board decision must provide evidence that the directors breached any one of the triads of their fiduciary duty – good faith, loyalty or due care. Directors and officers also owe the corporation a duty of due care which requires that they act in good faith toward the corporation.

In Peter’s case, he has only been on the board for one month and is also very good friends with the CEO which he is violating the rule by not being a loyal and informed board member and there being a conflict of interest. He also has to children ages 16 and 17 which means he is favoring the outcome of the decision being made to not provide shareholders with dividends. Peter failed to act in the best interest of the company because it will save him money if his children are awarded scholarship money to go to college.

Mary just got back from vacation and only had a few hours of sleep before she reviewed the corporate records, therefore, did not have the mindset to make a decision that would be in the best interest of the company and just went in favor of the majority of the votes which is not an honest decision and is also not exercising due care because of the lack of sleep she has had.

Janice is a retired high school teacher and is on numerous corporate board of directors and one of the corporations is a competitor of IMC which also violates the judgment rule because loyalty is one of the factors of being on the board and by being on a board of a competitor of IMC it is not showing good faith and loyalty to IMC. It is Janice’s fiduciary duty to act in the company’s best interest and stay loyal to IMC. Janice may have voted against shareholders getting dividends because a competitor of IMC was against it. Page 388 under the legal briefcase for Shlensky v. Wrigley it talks about how the courts will not interfere with the honest business judgment of the directors unless there is a showing of fraud, illegality, or conflict of interest but I believe the conflict of interest here is Janice is on a board of directors with competitors of IMC.

media-options

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Purpose of Assignment

The purpose of this assignment is to creatively illustrate traditional and new media options. An understanding of the target audience and effective communication for each is a desired outcome. It provides the Learning Team the opportunity to creatively illustrate traditional and new media options. An understanding of the target audience and effective communication for each is a desired outcome.

Assignment Steps

As a Learning Team choose a brand (different from the Week 3 Learning Team Assignment) and a related brand strategy.

Create a Microsoft® PowerPoint® presentation, Prezi, or Vimeo video, etc. which illustrates one traditional media option (print, TV, radio, billboard, etc.) and one new (social media) media option for your brand and brand strategy. Each presentation should be a minimum of 7-10 slides or, if Prezi or Vimeo video, an 8-minute minimum.

Note: Prezi presentations cannot be uploaded to the classroom. Please provide your instructor with the link to the presentation on the web. Prezi will provide you with a URL link to the presentation.

Discuss in a minimum 700 words the differences between the traditional media option and the new media option in terms of audience, reach, channel and content. A table of differences may be used to concisely illustrate the differences but you must include a discussion of insights/concerns/issues between the media options.

Note: Charts/graphs/tables in your Microsoft® Word write-up do not count towards the word count.

Cite a minimum of three peer-reviewed references.

Format your assignment consistent with APA guidelines.

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  • Prepare a 4-5 paragraph description of the benefits of this matrix

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    Please see the “assignment requirement” and ” document requirement” to know what to write in this case assignment.

    The case material is in “Walt Disney Case” file .

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    Read all of these files i uploaded before you start this case assignment.

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    Assignment Guidelines:

    • Address the following in 1–2 pages:
      • In your own words, what do you think constitutes as a serious medical need?
      • How do prison officials determine whether an inmate has a serious medical need?
      • What factors must be considered when treating inmates for medical conditions?
      • Provide 2 examples of prisoner treatment. Include 1 successful treatment and 1 unsuccessful treatment with regard to prisoner safety.
    • Be sure to reference all sources using APA style.

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    This is an assignment in my diversity class .. You should watch a documentary called (13th) and write an outline highlight the important point in this movie .. it should be just one page

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    Sports-Management-

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    The goal of this assignment is to improve our understanding of consumer motives behind sports consumption. You will choose a sport, then conduct research to identify key motives influencing consumption of your chosen sport. Finally, by posting your work online, we can compare different motives for different types of sports.

    First, choose a sport. BASKETBALL

    Second, locate any one (1) academic journal article investigating consumer motives (e.g., achievement, escape, family, etc.) behind consumption (playing, participating in, attending, watching) the sport of your choice. If possible, try to choose an article investigating motives of sports spectator (rather than sport participants, tourists, etc.). It is highly likely that you find an article dealing with consumer motives in a very specific context (e.g., spectators motives for attending women’s Division-I college basketball), which is fine.

    Third, discuss key findings of the study (e.g., primary motives behind attending a professional basketball game). Also, please discuss the practical implications of these findings.

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    Social-Science-religion-paper-social-science-homework-help

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    Paper 2: Understanding myself from the sociological perspective

    This is a continuation of your personal narrative story about yourself.

    It is to be a DESCRIPTION, ANALYSIS and EXPLANATION of yourself and your life through your readings in SOCIOLOGY: Who are you? What have been the most important socialization experiences through your lifespan? From your reading of the Sociology chapters, show how you can continue to define and analyze yourself from the Sociological Perspective. Define yourself in your own culture the one you belong to. State your role, position, accomplishments, and contributions. Demonstrate your understanding of some the concepts, theories, and perspectives from your reading of our chapters covering several fields of the Social Science known as Sociology. Make it relevant to your ethnicity, education, and future goals.

    Show that you understand how Sociology is both similar and different from Psychology.

    Format:

    3-4 pages, word-processed, double-spaced, proofread, or you might visit the Writing Center for organizing your ideas. You need at least one APA style citation (reference).

    THE RELIGION THAT WILL BE USED FOR THIS PAPER IS ISLAM. THERE SHOULD BE VOCABULARY WORDS USED IN THE ESSAY THAT RELATE TO ISLAM, I AM PROVIDING TWO LINKS THAT HAVE ISLAMIC VOCABULARY WORDS FOR YOUR USE. NOT ALL OF THE WORDS NEED TO BE USED. ISLAMIC KNOWLEDGE IS RECOMMENDED BEFORE STARTING ON THE PAPER.

    https://quizlet.com/6938065/sociology-vocabulary-words-flash-cards/

    https://quizlet.com/1799538/sociology-vocab-flash-cards/

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