State corportate crime Essay Example | Topics and Well Written Essays - 500 words

State corportate crime - Essay Example Dailmer-Benz came into existence in the year 1926. It was mainly because of the Nazi Party’s help the company was successful to make a rapid growth in the world market. Warfare was the main thing which helped the company in its business. In any case, the company took a safe side of an opportunist organization during the World War II. This is why it was successful in remaining untouched even in the time of Allied Force’s recurrent bombing. As far as we can know from the company’s history, labor exploitation had reached to its zenith during this time and the most unfortunate Jews were the preys to that situation. On the other hand, some American corporations were too clever to stand by both the Americans as well as the Nazis. This was done for the fulsome benefit which they had prospected in the warfare. We get two of the major American automobile companies’ name in this context; they are: General Motors and Ford. Expansion was an ever going process for these companies from the early 1930’s. But, with the beginning of World War II, they realized the golden chance to make the best use of the troublesome market. Many of us will be shocked to know about their deeds in that period. Ford and General Motors were directly involved in helping the Nazis in the warfare. Both the companies supplied 90% of the vehicles, especially trucks, used by the Nazi Army. There were two types of trucks which were built by these corporations. They were the â€Å"mule† trucks and â€Å"heavy-duty† trucks. Nazi German Eagle was an award which was given by the Nazis for any help or patroniz ing from somebody or some organization. It will almost unnerve us to know that the very first person to get this award was the Chief Executive of Ford, although being an American company. The nation America was fighting against the Nazis to save the lives of Jews and

Company Law Essay Example | Topics and Well Written Essays - 2000 words - 9

Company Law - Essay Example The United Kingdom Company Law Act 2006, the brought in new regulation redefining the role of the directors. Directors then if not supervised well may overlook their responsibility, and that’s why courts all over define that they hold Fiduciary positions in the company. Directors are deemed as the major body to which the duties of managing general affairs of the company are delegated (John 2006) Company Act enacted on November 2006, brought about revolutionary changes to the United Kingdom law, which had existed for more than 40 years. For years, the mandate of interpreting the law on companies was left to the courts. The main goal of introducing this law was to modernize the law and make it relevant to the modern businesses and the prevailing conditions of this century. The Act, among other things, tries to streamline and lay the legal requirements for the administration of private companies, which form the majority of the United Kingdom Companies. According to (Law Teacher 2013), the law also introduced new measures to improve the integrity of company information. It also gave the shareholder the powers to intervene in the governance of the companies (Sheikh, 2013). A case by Howard Smith Ltd v. Ampol Ltd, involving the duties of directors brought mixed reactions in courts while defining the extremes directors can use their power. In this case, the directors had issued la rge numbers of shares, which in turn deprived a specific shareholder the basic right of voting in matters concerning the company. Before the introduction of this crucial enactment, the law of the directors of the companies was a mixed up between common law and the statute law. Directors had for a long period taken to have a fiduciary relationship to their companies. Therefore, the new law brought a codified law that clearly describes the responsibilities of the company directors. The codified law then applies to all directors of a company and