CEO and Board of Directors Annual Business Plans for a...

Mr. John Doe the ASCIANO Executive Leadership Team as Chief Financial Officer on 18 February 2013 replacing Mr. Miguel Jose. Chief Financial Officer (CFO) of ASCIANO LIMITED Company is most important role to run the company he/she work in the company as member of executive team. CFO is a business partner of CEO in the company and CFO has responsibility to provide an accurate report which based on present time and historical financial information of the company. CFO provides the critical financial and operational information to the CEO in the board of directors meeting and according to his/her company takes present and future financial decisions. He/she assess performance of the company beside equally the annual budget and company’s†¦show more content†¦In the meeting board members discuss the issues of financial implications and one of the executive team members who has a command of these implication is available there for questions. For formalise and make stronger corporate decision making process, major issues are necessary to be placed for the information, concern and conclusion of the boards of directors by the CFO. In the meeting boards discus significant issues which are: Board’s discus about Annual business plans of company, company’s cash flow projection, forecasts and long term company’s planes, budgets include capital, overhead budgets and manpower along with difference analyses. Quarterly working results of the company as a whole and in terms of its working divisions or business sectors. Information of joint ventures or collaboration agreements or agreements with suppliers, distributors and agents of the company. Account payable issues such as default in principal and or interest payment, as well as penalties on late fee and other charges or dues, to a creditor, bank or financial association, or default in payment of public deposit. Account receivable issues such as failure to recover material amounts of loans, order advances and deposits made by the company, including other trade debts and inter-corporate finances. Major product liability claims made against the company, and also including any type of unfavourable judgment or order made on theShow MoreRelatedCoca Col The Largest Beverage Company1624 Words   |  7 PagesCoca-Cola has capitalized on the rapidly expanding beverage industry in the United States and has successfully infiltrated the gobal market where 70% of its revenue is reported. This journey into globalization has the company viewed as the largest beverage company in the world. In 2011, Business Insider reported that 3.1% of beverages consumed around the world is a product of Coca-Cola and/or its subsidaries. Currently, Coca-Cola operating segements are North America, Latin America, Europe, Africa, EurasiaRead MoreOrganizational Description Background And Industry1521 Words   |  7 Pagesinternet, wireless internet and pay T.V to its customers the company is currently providing: †¢ 16.4 million mobile services †¢ 7.4 million fixed voice services and †¢ 3 million retail fixed broadband services The company values indicate that they need to show their customers that they care by working better together, trusting each other in everyday decisions being made and by simplifying complicated processes. Furthermore, the company emphasised on willingness to take responsibility of their actionsRead MoreWalmart Case Study1730 Words   |  7 Pagesexcellent experience in their board composition. Board members should have industry and consumer knowledge, financial and technological expertise, and CEO experience (Nadler et al. 30). Walmart’s board members have extensive experience in accounting, investing, technology, strategy, law, and international business. Many members are former CEOs who have experience in major corporations including Yahoo!, Instagram, and KPMG. Every member is also a board member of another company. This allows them to drawRead MoreThe Standards And Corporate Governance Guidelines Of Mattel1563 Words   |  7 PagesBoth Nasdaq director independence standa rds and Corporate Governance Guidelines of Mattel have strict requirements or rules to evaluate and determine whether these directors on the board are independent members in Mattel. In terms of the Nasdaq director independence rules, independent or outside directors are not allowed to participate in any material and pecuniary management activities and transactions as managers or employees. In addition, executive officers and employees who work in a listed companyRead MoreManaging Director Brett Sutton : An Effective Governance Culture Essay1583 Words   |  7 Pagesâ€Æ'Affinity Managing Director Brett Sutton said that: â€Å"We are very excited about the opportunity to invest in this iconic Kiwi Company. Tegel is the market leader in New Zealand and is a great business that offers plenty of scope for further investment and growth. We liked the people and we were particularly impressed with the depth of talent and diversity of products within this business.† PILLAR TWO: AN EFFECTIVE GOVERNANCE CULTURE – ST JOHN BOSCO The composition of BOTs is stated in section 94Read MoreAnalysis Of The Payment Practices Between Companies, Executive Compensation Plans1644 Words   |  7 PagesWhile there is heterogeneity in the payment practices between companies, executive compensation plans must include four basic components: base salary, annual bonus tied to accounting performance or another agreed indicator between the parties, stock options and incentive plans long term (including restricted stock plans and performance plans based on accounting more exercise). Under the crossfire of public opinion, the bonus word became almost word, synonymous with unbridled greed, something to beRead MoreJb Hi-Fis Corporate Governance Structure1213 Words   |  5 Pagesencourage companies to create value, through entrepreneurialism, innovation, development and exploration, and provide accountability and control systems commensurate with the risks involved. Electronics retailer JB Hi-Fi, as a publicly listed firm, sees affective corporate governance as critical factor to achieving corporate goals and increasing the company s value. JB Hi-Fi s corporate governance structure separates management and supervisory functions into two distinct bodies: The Board of DirectorsRead MoreThe Human Resources And Compensation Committee. The Human1637 Words   |  7 Pagesthree or more directors who must all be outsiders, unrelated and independent with one of the members of the Committee. 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Analysis Of Nathaniel Hawthorne s Young Goodman Brown

Hawthorne s Ideal Woman In Nathaniel Hawthorne s short stories, Young Goodman Brown, The Minister s Black Veil, and The Birthmark, he provides us with female characters with very similar attributes, and they all have the same inhuman acceptance for the men they love. No matter what is thrown at these three unprecedented women they still show a extreme tolerance for their companions. While Goodman Brown, Mr. Hooper, and Aylmer struggle with their own appalling desires, their partners continue to follow them even though it might put them in danger. Hawthorne duplicates the same type of female character throughout his short stories, and it could be interpreted that he feels women should follow their men no matter what the risk. It is possible that in his own idea, woman should be completely submissive to their companions, despite the fact that those companions are struggling with their own troubled minds. Those same men who would not sacrifice some of their own happiness in order to keep their women content, a nd in some cases keep them alive. This can be seen throughout the three short stories, and in all three, the women are the ones who sacrifice themselves in order to keep their partners feeling fulfilled. In Young Goodman Brown, Hawthorne provides us with a young man struggling with his own faith, and he is willing to leave his wife behind in order to figure out what he wants. In return, his wife Faith disappears in a satanic ritual. She mentions that she isShow MoreRelatedAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1474 Words   |  6 Pages The works of Nathaniel Hawthorne deal with dark themes and are considered to be the first works of gothic romanticism. While these stories do deal with strong dark elements, these works are also heavily inspired by Puritanism and the Puritan colony at Plymouth. To begin with, the short story â€Å"Young Goodman Brown† has strong themes of faith. The story is about a man by the name of Brown and his wife Faith. Brown walks into the forest against Faith’s wishes and meets an old man and the two walk deeperRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1102 Words   |  5 Pagesâ€Å"Young Goodman Brown† is a story written by Nathaniel Hawthorne in 1835. This was the period around the crazy incidents of the Salem Witch Trials. This piece is covered with topics that can be described as having alternative meanings. Through the symbolism in the story, the audience is able to make ties between the old relationships Goodman Brown had with the other townspeople. The series of event in the story bring him to believe that his entire life was a lie and no one was worthy of his trustRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1471 Words   |  6 Pages29 September 2015 Testing Faith In the allegorical short story Young Goodman Brown, Nathaniel Hawthorne uses suspense and mystery to keep the reader interested. Throughout the story, Hawthorne makes the reader wonder what all the witchcraft, mysticism, and the double-sided lifestyles of the characters really means. Young Goodman Brown may be suspenseful, but the reader also has to look at it from a symbolic point of view. Hawthorne shows that a strong faith can basically make or break a man orRead MoreAnalysis Of Nathaniel Hawthorne s `` Young Goodman Brown `` And `` The Yellow Wallpaper ``2005 Words   |  9 Pagesfor a change in their respective eras and cultures. In three particular short stories, namely Nathaniel Hawthorne’s â€Å"Young Goodman Brown†, â€Å"A New England Nun† by Mary E. Wilkins Freeman, and lastly Charlotte Gilman’s â€Å"The Yellow Wallpaper†, each individual author speaks out against the established norms of their time in search for moral change. In Nathaniel Hawthorne’s short story, â€Å"Young Goodman Brown†, he addresses the value of the intense religious culture of that early American time period andRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown Essay1248 Words   |  5 Pagessituations and is able to advise others what to do if one ever encounters something similar. Consequently, Nathaniel Hawthorne was the primary author who influenced me the most because I was able to connect and sympathize with the author. Also, when I attended the academic conference that I was so greatly invited to take a part in, I was able to understand and see the short story â€Å"Young Goodman Brown† in a new perspective. Besides understanding that the short story is about society wearing different facesRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1136 Words   |  5 PagesMajok Lem Tim McNeil English 95s May 24 2016 Faith versus Evil Nathaniel Hawthorne, author of the short story â€Å"Young Goodman Brown†, he was an American writer in the 19th century. He was born in Salem village, and he died at the age of 60. His short story about a man named Young Goodman Brown, who lived in Salem village with his wife Faith. They have been married three months. Mr. Goodman Brown has left his wife for one travel night although his wife does not want him to go. He insists on leavingRead MoreNathaniel Hawthorne s Young Goodman Brown1543 Words   |  7 PagesIn Nathaniel Hawthorne s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man s conflict between good and evil. This analysis will break down the techniques that the author uses to critique the puritan society and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting thanRead MoreYoung Goodman Brown from a Moral Standpoint1352 Words   |  6 PagesNathaniel Hawthorne was born in Salem, Massachusetts. At the age of four, his father passed away from yellow fever, forcing his family to move in with his uncle. The positively influential Uncle Robert Manning pushed Hawthorne to succeed in school and insisted he go to college. Following his education at Bowdoin College, Hawthorne spent years in isolation mastering the art of writing. It was during those years when Hawthorne discovered that his ancestors were founders and Puritan leaders of the SalemRead MoreYoung Goodman Brown By Nathaniel Hawthorne1620 Words   |  7 Pages Young Goodman Brown by Nathaniel Hawthorne Nathaniel Hawthorne’s work Young Goodman Brown reveals how hard it is in the revelation of the harsh realities of the society.  The society with is characterized by secrecy.   People hide behind the curtains of daily practices and a normal life despite the odd their practices. However, anxiety reveals the realities of people in the community that may come with great prices as for the Nathaniel Hawthorne’s main character Goodman Brown.  Viewing theRead MoreNathaniel Hawthorne s Young Goodman Brown1492 Words   |  6 PagesIn Nathaniel Hawthorne’s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man’s conflict between good and evil. This analysis will breakdown the techniques that the author uses to critique the puritan society, and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting than Nathaniel Analysis Of Nathaniel Hawthorne s Young Goodman Brown Austin Barrett Gosia Gabrys English 1110.02 29 September 2015 Testing Faith In the allegorical short story Young Goodman Brown, Nathaniel Hawthorne uses suspense and mystery to keep the reader interested. Throughout the story, Hawthorne makes the reader wonder what all the witchcraft, mysticism, and the double-sided lifestyles of the characters really means. Young Goodman Brown may be suspenseful, but the reader also has to look at it from a symbolic point of view. Hawthorne shows that a strong faith can basically make or break a man or a woman. When that strong faith begins to fade away, the world begins to be filled with doubt and second guessing. Before Goodman Brown heads into the woods at sunset, his wife tries to get him to stay at home that night and go on this journey in the morning while the sun is in the sky, but Goodman Brown argues against his wife saying that of all the nights if the year he has to go on his journey this night. Goodman Brown tells his wife he will return first thing the next morning and this shows he has a str ong faith. Hawthorne uses Goodman Brown’s wife’s name, Faith, to show this throughout the story. His faith can be seen when Hawthorne describes Goodman Brown’s wife as aptly named with a pretty head and pink ribbons on her cap. This description suggests that Faith is pure and innocent, just like Goodman Brown’s faith in God. Goodman Brown reassures Faith of his faith by telling her that if she says her prayers and goes to bed byShow MoreRelatedAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1474 Words   |  6 Pages The works of Nathaniel Hawthorne deal with dark themes and are considered to be the first works of gothic romanticism. While these stories do deal with strong dark elements, these works are also heavily inspired by Puritanism and the Puritan colony at Plymouth. To begin with, the short story â€Å"Young Goodman Brown† has strong themes of faith. The story is about a man by the name of Brown and his wife Faith. Brown walks into the forest against Faith’s wishes and meets an old man and the two walk deeperRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1102 Words   |  5 Pagesâ€Å"Young Goodman Brown† is a story written by Nathaniel Hawthorne in 1835. This was the period around the crazy incidents of the Salem Witch Trials. This piece is covered with topics that can be described as having alternative meanings. Through the symbolism in the story, the audience is able to make ties between the old relationships Goodman Brown had with the other townspeople. The series of event in the story bring him to believe that his entire life was a lie and no one was worthy of his trustRead MoreAnalysis Of Nathaniel Hawthorne s `` Young Goodman Brown `` And `` The Yellow Wallpaper ``2005 Words   |  9 Pagesfor a change in their respective eras and cultures. In three particular short stories, namely Nathaniel Hawthorne’s â€Å"Young Goodman Brown†, â€Å"A New England Nun† by Mary E. Wilkins Freeman, and lastly Charlotte Gilman’s â€Å"The Yellow Wallpaper†, each individual author speaks out against the established norms of their time in search for moral change. In Nathaniel Hawthorne’s short story, â€Å"Young Goodman Brown†, he addresses the value of the intense religious culture of that early American time period andRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1144 Words   |  5 PagesHawthorne s Ideal Woman In Nathaniel Hawthorne s short stories, Young Goodman Brown, The Minister s Black Veil, and The Birthmark, he provides us with female characters with very similar attributes, and they all have the same inhuman acceptance for the men they love. No matter what is thrown at these three unprecedented women they still show a extreme tolerance for their companions. While Goodman Brown, Mr. Hooper, and Aylmer struggle with their own appalling desires, their partners continueRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown Essay1248 Words   |  5 Pagessituations and is able to advise others what to do if one ever encounters something similar. Consequently, Nathaniel Hawthorne was the primary author who influenced me the most because I was able to connect and sympathize with the author. Also, when I attended the academic conference that I was so greatly invited to take a part in, I was able to understand and see the short story â€Å"Young Goodman Brown† in a new persp ective. Besides understanding that the short story is about society wearing different facesRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1136 Words   |  5 PagesMajok Lem Tim McNeil English 95s May 24 2016 Faith versus Evil Nathaniel Hawthorne, author of the short story â€Å"Young Goodman Brown†, he was an American writer in the 19th century. He was born in Salem village, and he died at the age of 60. His short story about a man named Young Goodman Brown, who lived in Salem village with his wife Faith. They have been married three months. Mr. Goodman Brown has left his wife for one travel night although his wife does not want him to go. He insists on leavingRead MoreNathaniel Hawthorne s Young Goodman Brown1543 Words   |  7 PagesIn Nathaniel Hawthorne s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man s conflict between good and evil. This analysis will break down the techniques that the author uses to critique the puritan society and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting thanRead MoreYoung Goodman Brown from a Moral Standpoint1352 Words   |  6 PagesNathaniel Hawthorne was born in Salem, Massachusetts. At the age of four, his father passed away from yellow fever, forcing his family to move in with his uncle. The positively influential Uncle Robert Manning pushed Hawthorne to succeed in school and insisted he go to college. Following his education at Bowdoin College, Hawthorne spent years in isolation mastering the art of writing. It was during those years when Hawthorne discovered that his ancestors were founders and Puritan leaders of the SalemRead MoreYoung Goodman Brown By Nathaniel Hawthorne1620 Words   |  7 Pages Young Goodman Brown by Nathaniel Hawthorne Nathaniel Hawthorne’s work Young Goodman Brown reveals how hard it is in the revelation of the harsh realities of the society.  The society with is characterized by secrecy.   People hide behind the curtains of daily practices and a normal life despite the odd their practices. However, anxiety reveals the realities of people in the community that may come with great prices as for the Nathaniel Hawthorne’s main character Goodman Brown.  Viewing theRead MoreNathaniel Hawthorne s Young Goodman Brown1492 Words   |  6 PagesIn Nathaniel Hawthorne’s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man’s conflict between good and evil. This analysis will breakdown the techniques that the author uses to critique the puritan society, and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting than Nathaniel Analysis Of Nathaniel Hawthorne s Young Goodman Brown The works of Nathaniel Hawthorne deal with dark themes and are considered to be the first works of gothic romanticism. While these stories do deal with strong dark elements, these works are also heavily inspired by Puritanism and the Puritan colony at Plymouth. To begin with, the short story â€Å"Young Goodman Brown† has strong themes of faith. The story is about a man by the name of Brown and his wife Faith. Brown walks into the forest against Faith’s wishes and meets an old man and the two walk deeper into the forest. Brown tries to go back to the town of Salem, but the other man insists that he should continue to go deeper into the forest. While not literally stated in the story, â€Å"Young Goodman Brown† has strong themes in Puritan faith. To begin with, the Puritans in the village of Salem believed that the forest in the Americas was the Devil’s playground and that his agent witches lived there. The forest was also home to the Native Americans, who the villagers believed were savages because the Bible said that the wilderness was home to savage and wild beasts(Ezekiel 34:25). Because of this, the man Brown is walking with is a metaphor for the Devil, or at least abandonment of faith. In reference to faith, Brown’s wife is named Faith, and she begs him not to go into the Devil’s playground. This is a metaphor for faith in God. When Brown arrives in the forest and meets the old man, he tells Brown that he is late. Brown then replies with Faith kept me back a while, which isShow MoreRelatedAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1102 Words   |  5 Pagesâ€Å"Young Goodman Brown† is a story written by Nathaniel Hawthorne in 1835. This was the period around the crazy incidents of the Salem Witch Trials. This piece is covered with topics that can be described as having alternative meanings. Through the symbolism in the story, the audience is able to make ties between the old relationships Goodman Brown had with the other townspeople. The series of event in the story bring him to believe that his entire life was a lie and no one was worthy of his trustRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1471 Words   |  6 Pages29 September 2015 Testing Faith In the allegorical short story Young Goodman Brown, Nathaniel Hawthorne uses suspense and mystery to keep the reader interested. Throughout the story, Hawthorne makes the reader wonder what all the witchcraft, mysticism, and the double-sided lifestyles of the characters really means. Young Goodman Brown may be suspenseful, but the reader also has to look at it from a symbolic point of view. Hawthorne shows that a strong faith can basically make or break a man orRead MoreAnalysis Of Nathaniel Hawthorne s `` Young Goodman Brown `` And `` The Yellow Wallpaper ``2005 Words   |  9 Pagesfor a change in their respective eras and cultures. In three particular short stories, namely Nathaniel Hawthorne’s â€Å"Young Goodman Brown†, â€Å"A New England Nun† by Mary E. Wilkins Freeman, and lastly Charlotte Gilman’s â€Å"The Yellow Wallpaper†, each individual author speaks out against the established norms of their time in search for moral change. In Nathaniel Hawthorne’s short story, â€Å"Young Goodman Brown†, he addresses the value of the intense religious culture of that early American time period andRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1144 Words   |  5 PagesHawthorne s Ideal Woman In Nathaniel Hawthorne s short stories, Young Goodman Brown, The Minister s Black Veil, and The Birthmark, he provides us with female characters with very similar attributes, and they all have the same inhuman acceptance for the men they love. No matter what is thrown at these three unprecedented women they still show a extreme tolerance for their companions. While Goodman Brown, Mr. Hooper, and Aylmer struggle with their own appalling desires, their partners continueRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown Essay1248 Words   |  5 Pagessituations and is able to advise others what to do if one ever encounters something similar. Consequently, Nathaniel Hawthorne was the primary author who influenced me the most because I was able to connect and sympathize with the author. Also, when I attended the academic conference that I was so greatly invited to take a part in, I was able to understand and see the short story â€Å"Young Goodman Brown† in a new persp ective. Besides understanding that the short story is about society wearing different facesRead MoreAnalysis Of Nathaniel Hawthorne s Young Goodman Brown 1136 Words   |  5 PagesMajok Lem Tim McNeil English 95s May 24 2016 Faith versus Evil Nathaniel Hawthorne, author of the short story â€Å"Young Goodman Brown†, he was an American writer in the 19th century. He was born in Salem village, and he died at the age of 60. His short story about a man named Young Goodman Brown, who lived in Salem village with his wife Faith. They have been married three months. Mr. Goodman Brown has left his wife for one travel night although his wife does not want him to go. He insists on leavingRead MoreNathaniel Hawthorne s Young Goodman Brown1543 Words   |  7 PagesIn Nathaniel Hawthorne s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man s conflict between good and evil. This analysis will break down the techniques that the author uses to critique the puritan society and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting thanRead MoreYoung Goodman Brown from a Moral Standpoint1352 Words   |  6 PagesNathaniel Hawthorne was born in Salem, Massachusetts. At the age of four, his father passed away from yellow fever, forcing his family to move in with his uncle. The positively influential Uncle Robert Manning pushed Hawthorne to succeed in school and insisted he go to college. Following his education at Bowdoin College, Hawthorne spent years in isolation mastering the art of writing. It was during those years when Hawthorne discovered that his ancestors were founders and Puritan leaders of the SalemRead MoreYoung Goodman Brown By Nathaniel Hawthorne1620 Words   |  7 Pages Young Goodman Brown by Nathaniel Hawthorne Nathaniel Hawthorne’s work Young Goodman Brown reveals how hard it is in the revelation of the harsh realities of the society.  The society with is characterized by secrecy.   People hide behind the curtains of daily practices and a normal life despite the odd their practices. However, anxiety reveals the realities of people in the community that may come with great prices as for the Nathaniel Hawthorne’s main character Goodman Brown.  Viewing theRead MoreNathaniel Hawthorne s Young Goodman Brown1492 Words   |  6 PagesIn Nathaniel Hawthorne’s short story of Young Goodman Brown, the author uses symbolism and allegories in order to showcase the Puritan faith as well as man’s conflict between good and evil. This analysis will breakdown the techniques that the author uses to critique the puritan society, and to show the difference between how people appear to be in society and the true colors that they are hidden inside of them. There has been a lot of great authors in our time, but none more interesting than Nathaniel

Challenges During The Process Of Hiring A New President - samples

Question: Discuss about the Challenges During The Process Of Hiring A New President. Answer: Role of an effective leader Being a leader means carrying out the duties and responsibilities of a company. A leader holds the company with his or her values. As a leader, he must hold skills of motivation, positivity, delegating, positivity, feedback, communication and creativity. Recruiting a new President for a company mostly depends on the situation of the company. Hiring a new President is the most significant job a board does. Therefore, choosing the right one is necessary, as it will make the company successful. However, there are criteria for choosing a candidate suitable or who is fit to be a President of the company (Daft, 2014). The board of directors must take into the qualification of the candidate into account. The board has to face a few challenges during the process of hiring a new President. The board demands the President to increase shareholder value of the company. Leadership skills and criteria for selection of a Leader The criteria for hiring a new President banks on the circumstances and conditions of the company. Firstly, the board needs to hold a meeting and discuss the possibilities clearly, as to how and what they want the new President to achieve and ideally come to some agreement. Leading significant alteration is a tough challenge and it generally requires a proper and experienced leader who will have a fresh outlook on the company (Renko et al., 2015). The basic criteria is to look at the size of the organization the candidate has run before. For instance, if a board is recruiting for a $800 million company, one would not consider a President who ran a $500 million company. Similarly, boards will never recruit a person who has run a $50 million company to run a $20 billion company (Burns, 2016). If the company is less than 10 times the size of the Presidents experience then that individual will not be overwhelmed by the alteration. This concept is very restrictive. There are two sized rela ted considerations. The first one is whether the President candidate is experienced enough to run private or public companies. There is a major difference between the two and the President must have an experience of running public companies with the board of a public company. The second consideration is related to the number of locations or the international size of the business (Eichinger Lombardo, 2015). If the President has no experience in international business then it is a huge hassle if the individual is moving to a company that activates worldwide. After these two considerations, once the candidate has achieved the size related criteria, the next issue is the individuals experience in the industry (Fairhurst, G, Connaughton, 2014). Importance of a leader The responsibility of a President is to possess the vision of the company that is difficult carry out if the individual does not have a good comprehension of the companys industry. Generally, there are two existing key areas to discover the potential candidates that cover the initial strategic challenges, which a new President will face. The opportunity to get the title of a President is extremely appealing to plenty of talented executives and it frequently attracts people who will never think of working for a new company in any other role (Block, 2016). The challenge in this situation is that very few other roles in a company adequately prepare someone for the role of a President. The board selects that individual who had the designation of a general Manager in a larger company by thinking that the role can be compared to the role of a President. Similarly, some of the jobs are similar to that of a General Manager. It is unusual to find large company sales executive that can do a be tter transition to the role of a Presidents at a smaller company (Senge, Hamilton Kania, 2015). Finding a successful President at a smaller company to run a bigger company is quite difficult. The transition will be much easier as the process of learning curve will be shorter. A President is the leader who must give importance to attending tasks and work relationships. A leader should have the ability to reach out to all his or her employees and communicate a vision with them. Hiring or recruiting a new President for a company is treated as one of the biggest challenges a board faces. The board needs to comprehend and agree on what the Presidents role is and what is the situation of the company and what the company is trying to establish. Thereafter, it will be easier to select the correct criteria for choosing a candidate who will be successful. In majority of the companies, board of directors serve as a source of advice and counsel and offers some sort of disciplinary value to act in the situation of crisis. Most Presidents and outside board members agree that the role of directors is highly advisory and does not have a nature of making decision. The management exists to manage the company and the board of directors focuses on the hiring of a new President (Antonakis Day, 2017). The board serves as sources of advice and counsel to the management. However, maximum numbers of Presidents exploit the sources of advice that are represented on the board especially during the meetings. Leadership traits for this position For the selection criteria, an ideal candidate for the post of the President, must possess the following qualifications. Firstly, having a University degree from a reputed and recognized institution is must. If the individual has a designation of professional accounting, it would be considered as an asset. Secondly, the individual should have an experience of proven transactional leadership experience that deals in the evaluation and in leading transactions in a set of commercial settings. The individual should have leadership experience in large organizations that deal with business of international level and management of financial resources and human. When it comes to experience, he must also have the experience of an entrepreneur with a medium sized or small business, which would be treated as an asset (Johnston Marshall, 2016). Thirdly, a candidate for the role of a President must possess the knowledge and understanding of the business activities along with the public policies. An individual must have the knowledge and understanding of the corporate lending practices, transaction structures and investments that are engaged with the management and development of the financial instruments. Along with this, an individual must be educated enough to have knowledge of sound corporate governance and principles of the requirements of the management (Priest Gass, 2017). Ability to handle conflict and overcome obstacles A candidate applying for the post of a President in a company should have the ability of a solid strategic sense, proper thinking, innovation and alteration of skills at the time of the development of business strategies, policy-making activities and corporate planning. He or she must have the capability to built effective working relationships with the Board of Directors, the Deputy Minister and the Ministers along with his or her office. To become a President of a company, he or she must be able to act as the spokesperson by showing off its communication skills in both oral and written form for representing the stakeholders, governments, media, other organizations and public institutions. Lastly, he or she must possess high ethical standards, capability of being fair and integrity. Having ethical traits will make the leader a better person and will increase the goodwill of the company. He or she must have the skills in resolving any sort of dispute in the companies. However, a person cannot be elected as a President if that particular individual is neither a citizen of Europe nor a permanent resident of that country. He must have been an employer in the public service of a province. Concerning this, it is noteworthy to mention here that a President of a company should be that individual who has the capability to communicate well, organize the tasks, and motivate others. The board of directors will get convinced to elect such an individual as the President of the company if he or she possesses the above mentioned qualities. The procedure of appointing a new President of a company requires the vote by the Board. References: Antonakis, J., Day, D. V. (Eds.). (2017).The nature of leadership. Sage publications. Block, P. (2016).The empowered manager: Positive political skills at work. John Wiley Sons. Burns, P. (2016).Entrepreneurship and small business. Palgrave Macmillan Limited. Daft, R. L. (2014).The leadership experience. Cengage Learning. Eichinger, R., Lombardo, M. (2015).Twenty-two ways to develop leadership in staff managers. Center for Creative leadership. Fairhurst, G. T., Connaughton, S. L. (2014). Leadership: A communicative perspective.Leadership,10(1), 7-35. Johnston, M. W., Marshall, G. W. (2016).Sales force management: Leadership, innovation, technology. Routledge. Priest, S., Gass, M. (2017).Effective Leadership in Adventure Programming, 3E. Human Kinetics. Renko, M., El Tarabishy, A., Carsrud, A. L., Brnnback, M. (2015). Understanding and measuring entrepreneurial leadership style.Journal of Small Business Management,53(1), 54-74. Senge, P., Hamilton, H., Kania, J. (2015). The dawn of system leadership.Stanford Social Innovation Review,13(1), 27-33.

Estoppel and Business Relationship

Question: Discuss about the Estoppel and Business Relationship. Answer: Introduction In the statement provided by Ashhurst J in Lickbarrow v Mason (1787) 2 Term Rep 63, HL at 70 it states that when two people who are guiltless when affected by the activities of the third person. Then the person who had helped the third person would be held liable. This has been explained in Section 14 of the Partnership act 1982. Partnership is defined as the relation that is found to exists between persons in a business environment. They have a common view of attaining profits. In partnership firms the partner will be held liable if they their partners are not aware of the creditors of the firms. The liability has been applied in this case The purpose of this analysis is to look into the nuances of estoppel that has been defined in the Section 14 of the Partnership Acts 1892 (NSW).There will be critical analysis of the validity of the claim that has been made by the Partnership act of 1982. The nuances of the definition and the advantages and disadvantages of the partnership by estoppel have been probed in this analysis. Definition and Clear Identification of the Requirements of a Partnership by Estoppel/Holding Out According to this concept when party A has been considered as a partner by party B when witnesses are present and in this case if party A did not deny the claim made by the party B then in the eyes of the law party A will be considered as liable to pay the creditors. In the eyes of the law A will be considered as a partner. In these situation estoppel arises owing to the transactions that has been involved in verbal communication. The creditor need not be aware of the actual situation. Estoppel arises whenever one party involved in the contract makes an assertion or representation that is considered as fact. In this situation the other party acts on the factor that proves others. In this the original party who had made the claim is estopped from denying the truth in the statement. They only can operate on the paradigm of the situation that has been presented to them. The requirement of partnership by the concept of estoppel is that there should be a witnessing third part present when there has been a partnership agreement that has been formed. The witness must assume that the partner is a member of the partnership firms. There should be some form of agreement either by verbal or written agreement that considers a person to be a partner of the firm. This is not limited to the agreement even if some of the activities of a party can consider them to be a partner. In these conditions the law would declare the other person as a partner by the concept of estopped. They would all be responsible for the liabilities incurred. If a particular partner is making false claims or misrepresentation and the related parties are not really doing anything then they would still be considered liable for the claims that has been made. To summarize the most important requirement for a particular partnership is that there should be a firm where the creditor has performed the transactions. Critical examination of the requirements of a partnership by estoppel/holding out demonstrating their justifications Section 14 of the Partnership act states that everyone, who chooses to make an ascertain either by verbal, written or conduct makes a representation. They knowingly make an assumption and is represented as a part of the company who enters into a contractual agreement. They are liable to the original claims or assertion that has been made. The parties who make a certain claim must stick to the representation of the original choice they had made. The Section 14 details that a person who is represented as a partner or an outside agent who take part in the contract gives a representation of the firms. Their representation provides credit to the form. This person becomes a partner by estoppel. In the case of case of partnership there is a fiduciary responsibility that exists between the partners. Birtchnell v Equity Trustees Executors and Agency Co Ltdexplains the duty of the partnership with each other. A partnership is based on the mutual trust and confidence. This is explained in the c ase of Cameron v Murdoch In this case there are certain benefits as well as disadvantages. The benefit is that the creditor should be paid back irrespective of the partnership agreement. The people start to form better choices as a represent themselves. Leonard v. Brewer, No. 01-12-01057-CV, 2013 WL 6199572. In this case Brewer was made liable to pay back the creditor on the behalf o the BW office. In this case Brewer action as considered as an act of the partner. The law ensures that the creditors are protected. There are also certain limitations of this agreement. In some cases the partner by estoppel is made liable to pay the dues of the other person even if they were not really involved. In the case of Chavers v. Epsco, Inc.98 S.W.3d 421 (Ark. 2003) The sone and daughter were considered as partners of the firm merely of their relationship to Chavers. In this there was no real action by the son or the daughter in relation to the case. The issue with the partnership by estoppel is that it does not really c onsider the various angles invole din the partnership agreement. It merely makes as assumptions and acts on it. There are three conditions where the partnership by estoppel is considered. In this context estoppel means that is the person expressed or acted in a certain situation the other person can act to their own detriment. Then the person who made the original representation will not be able to deny the truth. This was elucidated clearly in the case of Re Buchanan Co. In this case it was held that the section places liability upon the person who represent themselves of allows themselves to be represented as a partner but in reality are not actual partners. In order to incur liability three tests must be fulfilled. The first condition is that the representation that was made that the person is a partner. This can be done either by the individual account or the partners. It is the question of how the representation has been made. In the case of Martyn v Gray (1863) this was established. In this case assuming defendant informs X company that he is the original partner of a commercial firm an d the X company them informs the plaintiff the same information then it was said that the plaintiff assumed the defendant to be the members of the firms. In this case the defendant is considered to be liable for the price. The second condition is that the credit should be provided by a 3rd party who assumes the representation to be true. The credit would involve receiving the property or incurring the obligation that has been made. The 3rd party should rely on the representation this is the third condition. The case of Tower Cabinet Co LTD v Ingram establishes this clause. In this case the issue of the parties knowledge of representation of the defendant will be considered. In this particular case Ingram was not aware of Christmas. Ingram and Christmas were previously partners and they had agreed to dissolution. However, Christmas continued to use the previous letterhead of the company when they were partners with Ingram. This act by Christmas was not known to Ingram. There was no w ritten proof or conduct that pointed towards the knowledge of Christmas action and the involvement of Ingram. In this case owing to this fact Ingram was held no liable for the damages incurred by Tower Cabinet company. Hence the factor of knowledge is an important aspect in the determination of the case. According to the terms of the law, the partnership by estoppel allows the court to provide some form of remuneration for the plaintiff. Essentially for this to occur the plaintiff should prove that the actions of the defendant were detrimental to the original terms of the contractual agreement. In this case the plaintiff has the burden of proving that the partnership was indeed based on the partnership of estopped. Plaintiff must prove to the courts that they relied on the partnership, the defendant help himself in the place of the partnership and the liability incurred by the plaintiff. If the plaintiff is able to prove this fact then they judge will order some form of remediation or recovery of the damages for the plaintiff. Conclusion Section 14 of the Partnership Act 1982, clearly explains the concept behind estoppel by holding out. According to this a person is considered to be a partner of a firm if they are represented as a partner of the firm in presence of witness and they do not deny the partnership. In this case the courts will deem the person to be a partnership. All the partners of the firms is liable to pay back their creditors. There are many benefits and issues. Benefit of this system is that the creditors interest is protected. It adopts a homogenous approach and does not factor in the nuances of each case. This is the limitation of this law. Reference Andrews, Neil.Contract law. (Cambridge University Press, 2015). Cooke, Elizabeth. "Working Together-Contract, Estoppel and the Business Relationship."(2002) 1J. Obligations Remedies 5. Ewart, John S. "Negotiability and Estoppel."(1900)16 LQ Rev. 135. Ewart, John Skirving.An exposition of the principles of estoppel by misrepresentation. (Carswell, 1900). Gregory, William.Law of Agency and Partnership, 3d Hornbook Series. (West Academic, 2007). Robertson, Andrew. "Reliance and expectation in estoppel remedies."(1998)18 (3) Legal Studies 360-368. Yan, Wang "On the Historical Development and Trend of Estoppel System." (2007)4 Journal of Hubei Radio Televison University 034.