Company Promoter Essay Example | Topics and Well Written Essays - 2250 words

Company Promoter - Essay Example1) On fifteenth August, Bill signed a letter that stated, For and on behalf of Cornhill Ltd, as agent only, Bill. He concord to purchase computer equipment be 30,000 pounds together with a servicing agreement for five years costing 120 pounds per month. Logitech was charging an exorbitant rate for the servicing agreement hence they wished to terminate the contract. Owing to Salomon3 principle, a participation is a separate legal entity different from its members and it hobo therefore sue and be sued in its avouch name. According to Salomon principle, Cornhill Ltd can claim can claim for wrong done against it.But here the phoner was not registered. A company does not come into existence until the promoter has completed the registration Requirements and the recording equipment of the Companies issues a certificate of incorporation Prior to this time a company cannot bind by contracts entered into in its name or on its behalf. In practice, however, promoters will need to contract with the third parties for such things as a lease of premises, business equipments and connection to utilities so that once the certificate of incorporation is issued the company can begin trading4.The problem that arises in the relation to incorporation contracts is whether Bills can avoid being personally l... 9(2) of the European Communities venture 1972, now found in s.36C of the CA 1985. If somebody does not exist they cannot contract Rover worldwide Ltd v Cannon Film Sales Ltd (No 3)5. So if this principle applied Cornhill Ltd can deny to take up the contract with Logitech because impose high price. Further, since at the time of a pre incorporation contracts the company does not exist, upon its posterior creation it is necessarily a stranger to it and the doctrine of privity will operate to prevent rights and the liabilities being conferred to compel on the company. The Contracts (Rights of third Parties) Act 1999, which allows enforcement of contracts by third parties if the contract expressly so provides or a term of the contract confers a benefit on the third caller, does not apply to pre incorporation contracts. The Act is based on the recommendations of the equity Commission on its tell, Privity of Contract Contracts for the benefit of the Third Parties (Law Commission report No. 242, Cm 3329 (London, HMSO (1996)). Addressing the issue of pre incorporation contracts, the Law Commission drew the distinction between a contract on behalf of the third party and a contract for the benefit of a third party. The Law Commission stated that the former category involves the third party company becoming a party to the contract, and subject to all its rights and obligations, after its incorporation. In Kelner v Baxter6 promoters of a hotel company entered into a contract on its behalf for the purchase of wine the company, when incorporated, ratified. The wine was consumed but before payment was made the company went to l iquidation.7 The promoters, as agents, were sued on the

Quality management Assignment Example | Topics and Well Written Essays - 3000 words

Quality commission - Assignment ExampleIt would not be easy for the managers to implement several independent wariness musical arrangements to denotation all these aspects. This is the context when an unified steering system that can effectively address areas like smell management, environmental management, and health and safety management becomes important. An integrated management system is a broad supposition that covers disparate aspects of corporate management. A close analysis reveals that the Oman propagate has not implemented an integrated management system yet. Evidently, it is suggestible for the nerve to think about a bare-assed system. To be specific, the Oman oxygenise management team has to consider a comprehensive five-phase execution strategy encompassing phases like preparation, planning, execution, monitoring, and certification. Development of a well structured quality policy and environment policy is vital to direct this management system implementatio n process effectively. This paper will explore some potential approaches to the implementation of an extensive integrated management system (IMS) in Oman Air. Oman Air The Oman Air, based on the grounds of Muscat International drome in Seeb, Muscat, is the Omans national airline that was founded in 1993. Oman Air operates in the aerospace industry. The original history of the Oman Air can be dated back to 1970 when the Oman International Services (OIS) was established. The Oman Air operates international passenger as well as scheduled domestic services in addition to providing regional air hack writer and charter flight services in the country. Oman Air, a member of the Arab Air Carriers Organisation has become the introductions first airline service to offer both Wi-Fi and mobile phone internet connections on selected routes as of March 2010 (flyfirstclass.com, 2013). Oman Air received the Airline of the Year Gold award at Frances Laurier dOr du Voyage dAffaires (Oman Air, 2011) . After its foundation in 1993, the Oman Air rapidly diffuse its roots across the globe over the next several years. The Omani government recapitalised the airline in 2007 by increasing its shares in the airline from nearly 33 to 80 percent. In the same year, the judicature considered reviewing its strategic plans with intent to explore the opportunities of entering the long-haul market. In May 2007, the government announced that it is going to institutionalize out of Gulf Air so as to concentrate more on the development of Oman Air. The organisation launched its long haul services in November 2007 by operating flights to London and Bangkok. Oman Air planned new long haul routes with the arrival of its new Airbus A330-200/300 aircraft. The Omani government held 99.8 percent shares in the Oman Air as of November 2010 (omanair.com, 2012). Currently, the airline has 44 global destinations across 23 countries. In addition, it has codeshare agreements with four airlines including Emir ates, Ethiopian Airlines, Qatar Airways, and munificent Jordanian (travel media). Sinbad is a three tier frequent flyer programme launched in 2007 and is directly managed by Oman Air where the three tiers are Sinbad Blue, Sinbad Silver, and Sinbad Gold (sindbad.omanair.com, n.d.). Integrated management system As mentioned already, it would be a difficult task for firms, particularly huge sized firms, to maintain separate management systems to deal with different areas of organisational management. According Zeng, Tam, and Tam

Cultural Diversity Essay Example | Topics and Well Written Essays - 250 words

Cultural Diversity - Essay ExampleThe Bia people, for instance, form a origination of tourists attraction through their cultural art products and cultural festivals.The Dia, like other cultures such as the Mosou, as well enrich the Chinese tourism industry by adding to diverse cultural values. However, tourism management is significantly decentralized to the different cultural groups, governmental institutions together with the private sector have been keen on stimulating efforts to promote culture based tourism. This means that cultural diversity has been embraced in the country and utilise to promote tourism (Wale, 2011, p. 57- 68). Managing cultural diversityDiversity is a common occurrence in every society. In the coupled States, for example, immigration has infiltrated the job market with a diverse mix of people from different countries and cultures. This has created barriers to communication and trading operations in organizations. In order to harmonize potential threats of cultural differences, the American Management Association proposes a management approach that identifies different cultures in an organization. This can be achieved through statistical surveys within organizations. The determine cultures should then be publicized and embraced in the organization (AMA, 2006, P. 1). This theory of managing diversity is consistent with Greeks approach to managing cultural diversity in its tourism. The approach has been successful in promoting the countrys tourism to international standards (Wale, 2011, p. 57- 68).

Human Resources Information Systems Assignment Example | Topics and Well Written Essays - 1250 words

Human Resources Information Systems - Assignment Exampleoll tax laws in the scope of fast changing federal policies relating to payroll taxation (Payroll tax law is really cumbersome parturiency when the payroll governance is managed internally)Decreased accessibility When the payroll system is managed by an external outsourcing provider, the firms payroll services information are stored on a server outside the organization. Hence, the company finds clog accessing payroll figures and other employee data as and when requiredIn case of a mistake in payroll tax deductions, retirement plan deductions, sick leave compensation, or employee benefits, it is not possible to turn down the mistake fast. This issue may lead to employee dissatisfactionEmployee resistance to change may be the most significant risk associated with integrating a tender payroll system. Employees would worry about the efficiency of a new system as it relates to their salaries, compensation, and other benefits. Hence they are not likely to accept the change. In the wrangling of Lambert (2005, pp.1165-1167), even a well developed payroll system may fail to make out flawlessly if it is not integrated properly. Undoubtedly, such a situation will certainly result in employee dissatisfaction, which in turn may hurt overall organizational productivity. Sometimes the companys stave may not be informed of all features of the new payroll system, and therefore they would not be able to manage the system in an effective way.However, the project management team can defame those risks to a great extent by implementing proper change management policies prior to the actual desegregation of the new payroll system. The project management team should closely work with the HR team to set up their activities and to ensure shared efforts to convince employees regarding the necessity of the change planned. In addition, the project management team mustiness ensure that there are skilled and experienced pe rsonnel to handle the newly integrated system efficiently.A Gantt

Industrial Relation in Australia Essay Example | Topics and Well Written Essays - 2000 words

Industrial Relation in Australia - Essay ExampleTo understand the transformation, it is useful to briefly tin two common explanations for union nightfall. The first is that unions declined because workers became more skeptical about them. In fact, attitudes tend to be a mirror image of union strength. When union membership swelled during the 1970s, Australians became more likely to mark pollsters that they thought unions had too much power, and less likely to agree that unions had been a good subject for Australia. Correspondingly, as unions waned during the 1990s, the fraction of people who thought that unions had too much power or that Australian would be better off without unions steadily decreased. Another argument that is sometimes made is that deunionisation was a result of the decline in real recompense that took place under the Accord. Yet as David Peetz points out in his have Unions in a Contrary World, this explanation implies that unionization should have declined m ore during the 1980s (when real wages fell) than the 1990s (when real wages rose). In fact, the reverse is true - the biggest fall in unionization occurred during the 1990s.The about significant factor in Australian deunionisation has been changes to the legal authorities governing unions. Peetz points out that between 1990 and 1995, traditionalist governments in five out of six states introduced legislation aimed at prohibiting compulsory unionization (banning closed shops), support individual bargaining, and making the transition to non-award coverage easier. In the late-1980s, more than half of all union members were required to be a union member as a condition of their employment. In the 1990s, freed from the requirement to belong, enlarged numbers chose to opt out. Unsurprisingly, the unions hit hardest were the ones that were most reliant on compulsory unionism laws. The new regime was locked in place in 1996, when the newly-elected Howard Government virtually abolished compulsory unionism nationwide, and made it more knotty for unions to recruit and strike.The next most important driver of deunionisation has been raising competition. Spurred by microeconomic reforms, tariff cuts, and a revitalized Australian Competition and Consumer Commission, the markets for buying most products and services are now substantially more competitive than they were in the 1970s. When firms enjoy a monopoly or oligopoly position, it is easier for them to pay higher(prenominal) wages to their employees. Prices are higher in non-competitive markets, and in the jargon of economics, this generates rents. These rents are then shared between employers (who enjoy higher get than they would in a competitive market) and workers (who earn more than in a competitive market). When monopolies are distressed down, and markets become more competitive, management has to start cutting costs. This places pressure on management to adopt stronger anti-union tactic in order to reduce the wage bill. The third explanation for falling union density is the harvest-time in