EMC Limited Essay

The question is about whether EMC Limited should disclose to the ASX that it is currently having private discussions with Elco Ltd about a possible merger. I do not think that it is required to disclose. Context The ASX has issued Guidance Note 8 – Continuous Disclosure regime and indicated in Rule 3.1 that listed companies must immediately notify ASX of any information which may have a material effect on the price or value of the entity’s shares or affect investment decisions, and information in which shareholders, investors and ASX have a legitimate interest. This regime also has statutory backing in Section 674, 675 and 677 of Corporations Act. The objectives of this regime are to provide timely information and fair access to information for market participants. When considering whether a disclosure is required or not, the companies need to Identify whether the information to have a material effect on the price or value of the entity’s shares; Decide whether the information would affect investment decisions; Consider whether the ASX and shareholders have a legitimate interest. If the companies find that the answer to all these questions is â€Å"Yes† then they need to further consider whether 1. A reasonable person would not expect the information to be disclosed; 2. The information is confidential 3. One or more of the following applies It would be a breach of law to disclose The information includes an incomplete proposal The information is insufficiently definite The information is foe internal management purpose The information is a trade secret If the answer to all these three questions is â€Å"Yes† then a disclosure is not required to be made. Argument In this case, this potential merger would probably have a material effect on the price or value of the entity’s shares and affect investment decisions.

BU7204 SM Assignment April 2014 Essay Example | Topics and Well Written Essays - 2000 words

BU7204 SM Assignment April 2014 - Essay Example esents a comparative study of the schools of thought model formed by Henry Mintzberg, which is utilised to categorise strategic management fields for companies and the Strategic Lenses provided by Johnson, Scholes and Whittington (2008). The paper outlines each one of these models and assists understanding and applicability through industry examples. The comparative study at the end tries to assess the relevance and applicability of each thought. Henry Mintzberg’s 10 schools of thought is a framework that is used to elaborate on the concept of strategic management. The schools have been described and a critique of insights is presented under each category. The 10 schools of thought mention ways in which strategies are to be formulated (Mintzberg, Lampel and Ahlstrand, 2005). These schools of thought discuss methods that are to be deployed while framing a company strategy. As per this school of thought, formulating a strategy is a deliberate process that begins with the conception of unique and clear notions. The tools such as, SWOT and Ashridge Mission model, are used to assess the external and internal environment of business. This strategy is best suited for stable business environments, but eliminates relevance of the external business environment (Ambrosini and Collier, 2007). Under the planning thought, strategy formulation is a formal procedure where strategic execution is preceded by a rigorous analysis of the context. This strategy involves a great deal of brainstorming and promotes innovative thought. For example, Clear shampoo used a popular football icon to communicate and market its male shampoo, Clear Men. Here strategy formulations happen as a process of analysis where business is compared with industry standards and strategies are formulated to improve market position. The strategy aims towards changing or altering the present company position in market and perception in the minds of consumers. Toyota shifted its positioning to a manufacturer

Feminism and International Security Essay Example | Topics and Well Written Essays - 2000 words

Feminism and International Security - Essay Example In the face of increased security threats emanating from terror activities and techno wars, feminist voices have risen to demand for inclusion of women in international security systems. This study seeks to investigate the relationship between feminism and international security. This will be done by answering the question: what is the impact of feminism on international security? A comprehensive analysis of different literature on studies done on feminism and international security will be conducted so as to shed more light on this issue. (Blanchard 70-119), discusses the functions of feminist scholarship in international security by reviewing feminist literature on international relations. According to the study, feminists in the international relations have not put adequate focus on the issue of military hardware leading to scanty information on war, gender and technology understudied. The study also notes the importance of inclusion of women in security matters by analyzing the practical aspect of feminist security theory in the combating global insecurity. According to Blanchard, international relations; the body of discipline tasked with theorizing the world only created a place for feminist analysts just recently. This could be the reason behind the few female led academic studies and findings on topics relating to politics, military and war issues. The fact that foreign policy and military affairs have been mostly conducted by men, the academic discipline tasked with analyzing this two areas have become largel y masculine. The assumptions, explanations and experiences focus on men making it difficult for women to find scholarly materials on women experiences. According to (Pettman 19-56), historically women have played second fiddle to men in the decision making process on the global platform. Women have continually been rendered insecure through acts of sexual violence, gendered division of labour and

English Law Equity and Trust Coursework Essay Example | Topics and Well Written Essays - 2500 words - 1

English Law Equity and Trust Coursework - Essay Example tion behind the creation of trust is that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another; a confidence respecting property reposed in one person, who is termed the trustee, for the benefit of another, who is called the cestui que trust. Generally the beneficiary gets interest and dividends on the trust assets for a set number of years. Law of equity and trust confers the provision regarding the trust. It laid down several duties and responsibilities for the trustees. Trust can be raised from either trust deed/covenant as said before or by the Will, i.e. a testamentary trust is a trust created by a Will or a codicil to a Will. A testament is a Will. Here the trust instrument is the Will/Codicil. A testamentary trust can not be by inter vivos i.e it can not be exist between living persons. Generally there can be two types of disputes raised from this type of the trust established by the law. a) Dispute concerning property left in Wills which are over the capacity of a testator b) dispute regarding whether the testator made the Will under undue influence. Here there is a rule that he/she must dispose of that property personally and may not delegate that power of disposition to another. Tatham v Huxtable(1950) 81 CLR 639 where the Court insisted to keep up the rule â€Å"Will directed the executor to distribute the residuary property â€Å"to others not otherwise provided for who, , have rendered service In our case, Brain has appointed Tony and Nathan as executors and trustees under his Will (testament) over the trust deed which he (the testator) had made earlier where his children Pat and Richard are the trustees. Before we render the service of tackled conclusions to Tony and Nathan, it is inevitable to have a look upon the rules, provisions, scope of trustees of trust deed and trustees of testamentary trust. There will always be some testators who draft their own

Career plans Essay Example | Topics and Well Written Essays - 500 words

Career plans - Essay Example I have garnered invaluable knowledge with my stint in both the lower and upper echelons of the organizational structure. My exposure to this dynamic organization and interaction with my highly diverse and brilliant colleagues and subordinates have stimulated my interest in finance and impelled me to pursue further studies along this line. With the advent of myriad challenges in today's world, I reckon that this is the most opportune time for me to accelerate and make my career move. Given the rapid advancements in the field of business coupled with the fast-paced technological changes, I deem that it would be gainful for me to embark on the necessary steps to sharpen my business acumen and enhance my finance and management skills needed to become a good, if not an exceptional CFO. In this regard, I would like to gain admission to this prestigious academic institution. I fervently believe that undertaking the comprehensive graduate program offered by the school would adequately equip me for this new position I am aiming to fulfill. Its curriculum would be instrumental for my practical training in light of the modern financial breakthroughs. Moreover, it is in my best interest to improve my skills under the tutelage of the school's premium faculty, which is comprised of highly competent teachers who possess

Tribalism and the Nation in the African Continent Essay

Tribalism and the Nation in the African Continent - Essay Example This often accompanies accusations of primitiveness that are leveled against institutions that have their origin in tribal collectives. Tribalism in its jingoistic form is harmful for the unity of a nation and its overall development. This paper shall argue against tribalism and the effects that it has upon the modern state. It shall not however, argue for the modern state in its present form which is a creation of European culture and has been imposed on the African cultures that they once had colonized. One of the main reasons as to why certain states are unable to achieve a certain kind of unity is the persistence of tribalism. This tribalism then leads to the establishment of the tyranny of a certain tribe over the other despite the existence of democratic procedures that are established with the intention of ensuring the equal distribution of power (Jason). Over the past few decades, one has witnessed an alarming rise in the number of governments that are dictatorships in Africa. This has a lot to do with tribalism as it actively promotes tribal loyalties during elections and this then takes precedence over issues of development. This then results in most parties feeling a certain kind of disillusionment regarding the very process of elections, something that would then further tip the balance of power in favor of the ruling tribes. Tribalism thus represents a conglomeration of forces that seek to topple the forces of democracy that seek to provide for a country certain forms of development. Such incidents have happened as late as in 2008 during the Kenyan elections. Such incidents are often violent and further mar the social fabric of the nation (Africa: Talking about "Tribe"). They then cause great economic and social damage that needs to be rectified through great efforts on the part of the state. This then sets the process of development back by many years. This backward step is then taken not just at the level of the economy but also at the level of the social relations that exist between the different tribes living within the same country. Writers like Ngugi wa Thiongo identify tribalism as the problem that plagues Africa. He advocates the establishment of a single collective that would then have a more or less homogenous identity. This identity would be created following an elaborate process of decolonization that would result in the establishment of a more authentic identity (Thiongo). Even within such a framework, development is envisaged in a rath er Western framework. This is not to say that there is no African framework of development but to demonstrate the woeful lack of research in this area. If one is to posit arguments against such a thesis of nationalism against tribalism. Writers like Sabelo J. Ndlovu-Gatsheni attempt to complicate the problem by introducing pre-colonial and colonial perspectives that then serve to absolve tribalism of the guilt that it would have to shoulder as far as the lack of development is concerned. Ndlovu-Gatsheni looks at the different factors that affect development in areas that are affected by tribalism and ascribes the underdeveloped states of these areas as products of history (167-9). Such analyses fail to locate the root of the problem and consequently only manage to create a sense of the inevitable as far as the existence of the problem is concerned. The historical angle of the problem, while it needs to be argued, also needs to be looked upon as something that leads to a solution and not just presenting an analysis of the situation as it arrived. It is

Economics for Business and Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Economics for Business and Management - Essay Example At price P2, buyers are willing to buy thus creating excess demand in the market which in turn pushes the prices up to P where quantity demanded is equal to quantity supplied thus clearing the market. . Excess demand Fig. 1.0 Price Mechanism by Adams and Periton 2009 Resource Allocation The allocation of resources in a country is determined by the economic system in place. The pure market system has many sellers and buyers and sellers act as price takers. The consumers and producers act based on self interest and have perfect knowledge of the market conditions. The products sold are homogenous thus there is no non-price competition or control over market prices. Firms enter freely in the market and the factors of production are privately owned (Anderton, 2000). Profits act as a sign for producers to increase supply and in effect they employ the best combination of resources that can give them maximum profits (Myers, 2004). Low prices acts as a signal for consumers to buy. Lipsey and Chrystal (2007) argue that when demand is more than supply, the prices rises and falls when supply is more than demand. Allocation of resources is though supply and demand forces. The pure command market is run by one producer selling unique products. There is no competition hence the producer determines the price. The producer can decide whether to raise prices by decreasing the supply in the market or operate at supernormal profits. Entrance to the market is restricted by scarcity of resources, government regulations, and monopolist anti competitive behaviour. The consumer choice is restricted as the government provides what it deems fit for the population. The factors of production are owned by the state hence resource allocation is the duty of the state through a planning process (Anderton, 2000). Arguments in Favour of Free Market The free market economy is considered as the most efficient in allocation of resources. The welfare of the society is maximised when demand equals su pply or social marginal benefits equals social marginal costs (Gillespie, 2007). All individuals are driven by self interest and thus the consumers determine the demand for products, the sellers produce the goods to satisfy the demand driven by profit motive and thus combine factors of production in an efficient way to achieve the goal or be pushed out of the market. This results in low cost production and provision of high quality goods at a low price to the consumer. There are no barriers to entry in a free market thereby allowing competition between sellers. If the sellers earn abnormal profits, this acts as an incentive for competitors to enter the market thus sharing the profit and pushing the prices down (Baumol, 2002). As supply becomes more than demand and the many sellers have to attract customers by selling at low price since consumers are guided by the law of demand; the lower the price, the higher the demand. The consumers also have a variety of alternatives to choose fr om due to presence of many sellers. Baumol (2002) argues that a free market is engaged in a continuous process of innovation. Competition leads sellers to engage in research and development so as to come up with new ways of producing a product which are efficient and differentiate it from other competitors. This leads to innovations of technology and more advanced