Report to the Board of Directors of ABC Limited on the proposed Essay

Report to the Board of Directors of ABC Limited on the proposed acquisition of additional shares in the company XYZ Limited - Essay Example Provided that a share premium account and a capital redemption reserve fund may, for the purposes of this regulation, only be applied in the paying up of un-issued shares to be allotted to members of the company as fully paid bonus shares. Hence declaration of dividend and issue of Bonus shares are to be treated differently. However while issuing the bonus shares in lieu of dividend the following provisions governing the declaration of dividend are to be considered. 91. At the first annual general meeting of the company all the directors shall retire from office, and at the annual general meeting in every subsequent year one-third of the directors for the time being, or, if their number is not 3 or a multiple of 3, then the number nearest one-third, shall retire from office. The directors to re... Shall not make a distribution EXCEPT out of profits AVIABLE FOR THE PURPOSE Distributable profits are Accumulated Realized Profits Less Realized Losses Accountants usually regard a profit as realized if the company concerned has obtained cash. Thus, a book profit is an unrealized profit. _______________________________________________________________________ 2. Change in the composition of the Board: The following provisions of Table A which govern the appointment and term of office of the Board of Directors are worth noting: Clause 91 of Table A 91. At the first annual general meeting of the company all the directors shall retire from office, and at the annual general meeting in every subsequent year one-third of the directors for the time being, or, if their number is not 3 or a multiple of 3, then the number nearest one-third, shall retire from office. Clause 92 of Table A The directors to retire in every year shall be those who have been longest in office since their last election, but as between persons who became directors on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot. Clause 93 of Table A A retiring director shall be eligible for re-election. Clause 109 of Table A 109. The directors may from time to time appoint one or more of their body to the office of managing director for such period and on such terms as they think fit, and, subject to the terms of any agreement entered into in any particular case, may revoke such appointment. A director so appointed shall not, whilst holding that office, be subject to retirement by rotation or be taken into account in determining the rotation of retirement of directors, but his appointment shall be

Investgaton in salon service Essay Example | Topics and Well Written Essays - 3000 words

Investgaton in salon service - Essay Example In fact, statistics estimate that the salon industry will be a booming market as from 2017 (Jenster, 2005). The objective of this report is to discuss how marketing has influenced the demand for salon services. Beginning a salon business is not easy. It requires investments in time, labour, and opportunity costs of working somewhere else (Ellis, 2010). The world market is crowded, and few customers are fickle, therefore, the salon entrepreneurs require ways to tackle these challenges. Market analysts argue that with good salon marketing, it would be easy to tackle any challenge in the market (Jones, 2008). Marketing is a difficult task that requires proper planning (Brown, 2012). Steady fast execution of the plans is an added advantage. Salon industries that have dominated the markets for longer periods of time have made simple and effective marketing plans. The owners of these salons knew what their priorities were, therefore making their plans simple and effective (Morris, 2006). The paper has a detailed analysis of marketing-related recommendations for the salon industry. During The past decades saw a perception that salons were ‘salon only’ retail facilities. Nowadays, after evolution of this industry, the salons go directly to the customers especially using online services. Literature reviews and studies indicate that the issue of diversion has been a challenge for most saloon owners (Lilien, 2012). During the past, most saloon-only products were diverted illegally. Surprisingly, during the past, some major saloons placed their products on retail shops rather than wholesale shelves (Entrepreneur Press, 2012). With increase in marketing tools, especially advertisements and the social media, not only the distributors of salon products will sell directly to the consumers, but also the manufacturers of these products (Schmidt, 1991). The