Bibliographies thématiques / Economics of fiduciary duties

Littérature scientifique sur le sujet « Economics of fiduciary duties »

Auteur : Grafiati
Publié le 11 mars 2023

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Articles de revues sur le sujet "Economics of fiduciary duties"

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Reza, Syed Walid. « Officers’ fiduciary duties and acquisition outcomes ». Financial Review 55, no 1 (16 avril 2019) : 91–119. http://dx.doi.org/10.1111/fire.12194.

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Ellison, Robin. « Dutch pension funds : Fiduciary duties and investing ». Pensions : An International Journal 13, no 3 (juillet 2008) : 184–85. http://dx.doi.org/10.1057/pm.2008.15.

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Lam, Charles KN, et S. H. Goo. « Directors’ duties in the context of Confucianism ». Journal of Financial Crime 22, no 1 (5 janvier 2015) : 37–47. http://dx.doi.org/10.1108/jfc-05-2014-0022.

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Purpose – The purpose of this paper is to demonstrate how Confucianism can be applied in the areas that are now governed by company law in the common law system and how it can play a role in improving corporate governance. A gentleman in the context of Confucianism tends to be inclusive and broad-minded in embracing the interest of different stakeholders. In fact, he will balance the interests of shareholders and other stakeholders if there is any inherent conflict and try to achieve a win-win situation. Ultimately, he will run the company not just for profit-making but for social justice and commitment. Design/methodology/approach – The authors examine the leading cases in Hong Kong and the United Kingdom about the law of fiduciary duty and the duty of care and its relationship with Confucianism. In this respect, we review the teachings of the traditional Confucian texts and use Confucianism to fill in the gap where common law rules cannot reach. In addition, we adopt a comparative study approach in examining the law of directors’ duties in Hong Kong, China and the United Kingdom. Findings – It can be seen that the concept of fiduciary duty and duty of care is quite complicated and evolving and always subject to the interpretations of the court from time to time. For fiduciary duty, the term itself is quite conceptual and not immediately available to the general public. But loyalty in the context of Confucianism is a very lively and down-to-earth moral principle. Besides, fiduciary duty is imposed from outside, where directors had no choice but to accept. But loyalty in the context of Confucianism is something inherent and something from within. It is a moral principle that if you deeply understand the meaning of it, you will automatically accept it as a good virtue and your conduct will naturally be guided by such a principle. Confucianism can thereby be used to fill the gap where rules and regulations cannot reach. Confucian business ethics and common law rule should be complementary to each other in the development of a Chinese corporate governance system. Originality/value – This paper is the first of its kind in discussing the relationship between the law of directors’ duties and Confucianism. It argues that Confucianism plays a crucial role in guiding the behavior of the directors and can supplement the abstract principles of directors’ duties in the context of a Chinese corporate governance system.
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Gutiérrez, María, et Maria Gutierrez. « An Economic Analysis of Corporate Directors' Fiduciary Duties ». RAND Journal of Economics 34, no 3 (2003) : 516. http://dx.doi.org/10.2307/1593744.

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Lutsenko, S. I. « FIDUCIARY GAME RULES AND THE GOVERNANCE NATURE IN THE COMPANY ». Strategic decisions and risk management 10, no 2 (30 juillet 2019) : 144–55. http://dx.doi.org/10.17747/2618-947x-2019-2-144-155.

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The author considers features of relationships between the fiduciary (management, board of director) and shareholders (beneficiaries). The nature of fiduciary relations is connected with «a critical resource» (assets) of the beneficiary. In the company economic interests of various participants (shareholders, management) face. Delegation discretion the shareholder to the management will allow to build together with the shareholder effective economic strategy of the company, under condition of execution of fiduciary duties. The management possesses administrative immunity within the limits of application of the business judgment rule. Actions of the management at transaction fulfilment should have real character, possess economic sense, a rationality and to promote achievement of economic benefit in the form of increase to shareholder value. The special attention is given to the fiduciary nature of interaction. Imposing of fiduciary duties on the management allows the beneficiary to protect the company from destruction of shareholder value. The shareholder should specify such game rules that the management was unable break them or, at least, cost of their infringement would be above reception of personal benefit. Fiduciary principles allow to soften the conflict between management and the shareholder. Besides, the fiduciary mechanism possesses a preventive element, keeping the company from destruction. The given obligation of loyalty protects resources of the shareholder from wrongful acts from the management. Fiduciary principles allow to balance economic interests between a management and shareholders.
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Latif, Bilal, Wim Voordeckers, Frank Lambrechts et Walter Hendriks. « Multiple directorships in emerging countries : Fiduciary duties at stake ? » Business Ethics : A European Review 29, no 3 (11 mars 2020) : 629–45. http://dx.doi.org/10.1111/beer.12275.

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Kroos, Peter, Mario Schabus et Frank Verbeeten. « Voluntary Clawback Adoption and the Use of Financial Measures in CFO Bonus Plans ». Accounting Review 93, no 3 (1 septembre 2017) : 213–35. http://dx.doi.org/10.2308/accr-51892.

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ABSTRACT Firms trade off CFOs' fiduciary duties against their decision-making duties when designing CFO bonus plans. Decreasing bonus incentives tied to financial measures benefits CFOs' fiduciary responsibilities at the expense of motivating their decision-making duties. As prior research indicates that clawbacks increase personal misreporting costs through the loss of previously awarded compensation, we examine whether clawbacks allow firms to increase incentives in CFO bonus contracts. Based on a sample of U.S. firms between 2007 and 2013, we find that clawbacks are associated with greater CFO bonus incentives. We also find the increase in incentives to be more pronounced for CFOs relative to other executives. Our results are moderated by firms' susceptibility to misreporting. The relation between clawbacks and incentives is weaker when firms experienced internal control deficiencies, have larger abnormal accruals, when CFOs are more vulnerable to pressure from CEOs, and when audit committees have less financial expertise and prestige.
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Bens, Daniel, Sterling Huang, Liang Tan et Wan Wongsunwai. « Contracting and Reporting Conservatism around a Change in Fiduciary Duties* ». Contemporary Accounting Research 37, no 4 (31 octobre 2020) : 2472–500. http://dx.doi.org/10.1111/1911-3846.12607.

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Gray, Joanna. « Dishonesty plus Breach of Fiduciary Duties can Add up to Fraud ». Journal of Financial Crime 4, no 1 (mars 1996) : 59–62. http://dx.doi.org/10.1108/eb025757.

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Díez, Carlos Gómez-Jara. « Honest Services Fraud as a Criminal Breach of Fiduciary Duties ». New Criminal Law Review 18, no 1 (2015) : 100–128. http://dx.doi.org/10.1525/nclr.2015.18.1.100.

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From a comparative perspective, the challenges that American courts and legislators are facing when trying to construe an honest services fraud statute are familiar. Almost all European countries have a general provision that criminalizes any breach of fiduciary duties that brings about economic harm to the principal. The comparative inquiry also helps shed light on the way in which the offense should be defined in a future statute. First, honest services fraud should be treated as a separate offense that is different from fraud; more specifically, the offense of honest services fraud should be conceived as a midpoint between fraud and embezzlement. Second, this offense—which could be defined as a “disloyalty” or “mismanagement” crime—should be construed along the lines of a derivate action for breach of fiduciary duties, although with higher standards, given that its violation triggers criminal sanctions. Third, this new disloyalty offense should include elements that are not required by current law, including whether “actual” or “reasonably foreseeable harm” is caused and whether the breach of the fiduciary duty is the proximate cause of the actual harm. The time has come to create a freestanding general disloyalty offense that requires an actual or reasonably foreseeable harm to the corporation as a prerequisite to criminal liability.
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Thèses sur le sujet "Economics of fiduciary duties"

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Masconale, Saura. « The law of directors' fiduciary duties in U.S. corporations : an economic or ideological paradigm ? » Doctoral thesis, Luiss Guido Carli, 2013. http://hdl.handle.net/11385/200831.

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Cockrill, Chanté Ashley. « A shareholder’s personal claim against directors for causing pure economic losses through diminution in share value : A South African critical analysis ». University of the Western Cape, 2020. http://hdl.handle.net/11394/7628.

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Magister Legum - LLM
If a company is harmed by the behaviour of a director as a result of financial misstatements, shareholders may suffer the economic consequences in the form of a diminution in the value of their shares. Failure on directorship level in these circumstances has on more than one occasion resulted in aggrieved shareholders seeking to recover damages suffered and losses incurred in terms of section 218(2) of the Companies Act 2008. This was the situation in the recent cases, Hlumisa Investment Holdings (RF) Limited v Kirkinis and in Itzikowitz v Absa Bank Limited. While I am unaware of any reported case arising from the much-publicised Steinhoff scandal, there appear to be moves in the direction of court action to recover pure economic loss. Steinhoff shareholders are seeking to hold the retail group‘s directors to account. Scandals like Steinhoff and African bank are disturbing because it points to a lack of clarity and certainty in South African company laws in respect of director‘s personal liability in these circumstances. It is for this reason that this study investigates whether shareholders can institute personal liability claims against directors for causing shareholders a diminution of the value of the shares in the company as a result of poor decision making on directorship level, since such a loss is merely reflective of the company‘s loss. Although, after Itzikowitz v Absa Bank Limited, the position seems to be settled in our law, we still have incidences where shareholders are seeking to hold directors personally liable for the diminution in share price under section 218(2) of the Companies Act 2008. It is for this reason that the study explores the scope of section 218(2) and investigates many related questions surrounding section 218(2), in light of directors‘ personal liability and shareholder protection.
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Conaglen, Matthew Damian John. « Locating loyalty : fiduciary protection of non-fiduciary duties ». Thesis, University of Cambridge, 2004. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.615805.

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Stratton, M. Lee. « Directors' fiduciary duties to shareholders ». Thesis, University of Ottawa (Canada), 1993. http://hdl.handle.net/10393/6561.

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Since the 1902 decision of Percival v. $Wright\sp1,$ Canadian common law has provided that directors generally have no fiduciary duties to shareholders. Shareholders have continued to assert that directors have such duties, however. Moreover, shareholders have been attracted by the allure of the rigorously restitutionary remedies imposed on fiduciaries. Cases in which share holders have made claims of fiduciary duty against directors since the law reforms of the 1960s and 1970s are examined. The law reformers expected that the courts would develop the law of fiduciary relations within the corporation. Moreover, the nature of securities law reforms confronted the courts with the previously noted gulf between the statutory fiduciary obligations imposed on directors and insiders of widely-held corporations and the lack of such obligations in private companies. This review of judicial decisions begins with an examination of the compulsory acquisition cases which preceded the statutory take-over bid reforms. These cases arise from facts which would constitute take-over bids under the statutory reforms of the 1960s. In these cases, we see a very limited attempt by the judiciary to impose fiduciary obligations of good faith and candour in favour of minority shareholders. The courts' sense of commercial morality seems to have been stirred in these cases, a morality engendered by the arbitrary expropriation permitted by the statutory compulsory acquisition provisions. An examination of latter day cases involving claims of fiduciary duty show that the decisions are sprinkled with references to commercial morality. Despite this moral impetus, the courts seem unwilling to venture beyond the perceived constraints of the corporations statutes. This unwillingness, coupled with the courts' inability to articulate a uniform rationale for imposing fiduciary duties on directors in favour of shareholders contribute to the unsatisfactory state of the law. (Abstract shortened by UMI.) ftn$\sp1$ (1902) 2 Ch 421.
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Lekgau, Emmanuel Tladiametse. « Fiduciary duties of nominee directors ». Diss., University of Pretoria, 2016. http://hdl.handle.net/2263/60058.

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Bean, Gerard M. D. « Fiduciary relationships, fiduciary duties and joint ventures : the joint operating agreement ». Thesis, University of Cambridge, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.334089.

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Gibbs, David. « Non-executive directors' self-interest : fiduciary duties and corporate governance ». Thesis, University of East Anglia, 2014. https://ueaeprints.uea.ac.uk/49712/.

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The board of directors at a company usually comprises both executive and non-executive directors. Their role is to run and direct the company for its benefit since it is incapable of acting by itself. Where there is a separation of ownership and control it is recognised that there is a risk that those in control may use their power for self-interested means. Attention is often focused on the executive directors and how legal controls and governance mechanisms can reduce the possibility of self-interest in the performance of their functions. However, seldom are non-executives the focus of this problem yet they are playing an increasingly important role in the running and governance of the company. This thesis is an investigation in to whether the legal rules and governance mechanisms are suitable in reducing the possibility of self-interest amongst non-executive directors. The study uses multiple directorships as a proxy for non-executive self-interest to demonstrate whether the controls and incentives are suitable. It begins by examining the nature of a nonexecutive’s fiduciary liability to the company focusing on the nature and purpose of the duty to identify when and why the duty is owed. Identifying the nature and purpose of the duty will allow the thesis to demonstrate that existing authority and academic literature on the scope of a non-executive’s fiduciary duty is an unsuitable interpretation based on the company’s current objects and reanalyses it from the perspective of the non-executive’s undertaking on the board. Whilst the analysis concludes that this interpretation would offer a suitable scope in deterring self-interest the thesis continues by examining the enforcement of fiduciary duties by considering the new statutory derivative claim. This analysis reveals that enforcement is low and may reduce the deterrence the fiduciary duties themselves might have. With low levels of enforcement the thesis turns its attention to ex ante incentives, particularly corporate governance mechanisms, which can “nudge” the non-executive in to acting for the benefit of the firm. This analysis contains a review of the corporate governance theories and an empirical study to identify the ways non-executive self-interest may be reduced. The theoretical analysis considers the ways boards may be structured to reduce the potential for self-interested behaviour. Using multiple directorships as a proxy for self-interest the empirical analysis provides evidence as to whether they are in fact perquisite consumption and identifies possible means of control. It is considered herein that there are insufficient controls and incentives on non-executive behaviour, which may lead to increased self-interest to the detriment of the company.
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Grove, Alewyn Petrus. « Company directors : fiduciary duties and the duty of care and skill ». Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/26667.

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Junior, Mario Engler Pinto. « O Estado como acionista controlador ». Universidade de São Paulo, 2009. http://www.teses.usp.br/teses/disponiveis/2/2132/tde-17112011-111844/.

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O presente trabalho acadêmico procura construir um referencial teórico baseado no ordenamento jurídico brasileiro para definir o papel da empresa estatal no mundo contemporâneo. Trata-se do ponto de partida para compreender a atuação do Estado como acionista controlador e as regras de convivência com acionistas privados em posição minoritária e com outros grupos de interesse afetados pela atividade empresarial. A abordagem do tema apóia-se na idéia central de que toda empresa estatal está investida de uma missão pública, explícita ou implicitamente incorporada no objeto social, que varia conforme a natureza da atividade exercida e está sujeita a adaptações ao longo do tempo. A missão pública coexiste com a finalidade lucrativa inerente ao modelo de companhia e serve para condicionar a ação do Estado enquanto acionista controlador e dos administradores, dando conteúdo a seus deveres fiduciários.
This dissertation aims at establishing a theoretical framework according to Brazilian law to identify the role of state-owned enterprise in contemporary world. This is the first step to understand what the governments behavior should be as a controlling shareholder and the legal rules applied to its relationship with equity investors and others stakeholders. The approach is based on the assumption that every state-owned enterprise has a public mission implicitly or explicitly included in its bylaws objectives. The public mission varies according to the nature of the business and should be redefined from time to time to keep adherence to the external environment. The public mission coexists with the companys profit scope and guides the States actions, as well as those of directors and officers. For that reason the public mission is embedded in their fiduciary duties.
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Li, Ting. « Does Chinese outside directors' use of Guanxi affect their independence and fiduciary duties ? » Thesis, University of Manchester, 2015. https://www.research.manchester.ac.uk/portal/en/theses/does-chinese-outside-directors-use-of-guanxi-affect-their-independence-and-fiduciary-duties(e5688f5e-5b51-49e2-b976-e83dc101d920).html.

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As China has become one of the largest economic entities in the world, many studies focus on corporate governance in China. In 2001, the China Securities Regulatory Commission (CSRC) transplanted the outside director mechanism from the United States and the United Kingdom. CSRC hoped that outside directors could play a control role to monitor the behaviours of controlling shareholders, protecting the interests of minority shareholders. However, since it was established, the Chinese outside director mechanism has played an unsatisfactory control role because they are not truly independent of the controlling shareholders. In contrast, many Chinese outside directors use their Guanxi connections (a particular kind of social connections in China) to play a resource acquisition role very well. Based on the theories of the firm, the resource dependence theory, studies of Guanxi and the path dependence theory, this thesis finds that when Chinese outside directors use their Guanxi connections to play their resource acquisition role, their independence and fiduciary duties required by CSRC is compromised.
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Livres sur le sujet "Economics of fiduciary duties"

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Glusman, David H. Fiduciary duties and liabilities : Tax and trust accountant's guide. Chicago, IL : CCH, 2006.

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Ellis, Mark Vincent. Professional fiduciary duties. Scarborough, Ont : Carswell, 1995.

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James, Jennifer. Fiduciary duties again. London : Cavendish Publishers, 1991.

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Ellis, Mark Vincent. Fiduciary duties in Canada. Don Mills, Ont : R. DeBoo Publishers, 1988.

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Voorheis, G. Wesley. Corporate fiduciary duties : Selected difficulties. Toronto, Ont : Davies, Ward & Beck, 1990.

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J, Domone Dana, dir. Primer on ERISA fiduciary duties. Washington, D.C : Bureau of National Affairs, 1994.

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Stafford, Andrew. Fiduciary duties : Directors and employees. Bristol : Jordan Publishing Ltd., 2008.

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Ellis, Mark Vincent. Corporate and commercial fiduciary duties. Sous la direction de Fairbairn Keith G et McKendry Michael P. J. Scarborough, Ont : Carswell, 1995.

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M, Rock Allan, Roebuck L. David et Law Society of Upper Canada. Dept. of Education., dir. Fiduciary duties : A matter of trust. Toronto : Dept. of Education, Law Society of Upper Canada, 1986.

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Gregory, Roger M. Directors' fiduciary duties and their enforcement. Birmingham : University of Birmingham, 1985.

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Chapitres de livres sur le sujet "Economics of fiduciary duties"

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Valsan, Remus. « Fiduciary Duties ». Dans Encyclopedia of Law and Economics, 853–59. New York, NY : Springer New York, 2019. http://dx.doi.org/10.1007/978-1-4614-7753-2_698.

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Valsan, Remus. « Fiduciary Duties ». Dans Encyclopedia of Law and Economics, 1–7. New York, NY : Springer New York, 2017. http://dx.doi.org/10.1007/978-1-4614-7883-6_698-1.

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Valsan, Remus. « Fiduciary Duties ». Dans Encyclopedia of Law and Economics, 1–8. New York, NY : Springer New York, 2021. http://dx.doi.org/10.1007/978-1-4614-7883-6_698-2.

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Frankel, Tamar. « Fiduciary Duties ». Dans The New Palgrave Dictionary of Economics and the Law, 785–90. London : Palgrave Macmillan UK, 2002. http://dx.doi.org/10.1007/978-1-349-74173-1_148.

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Chan, Wai Meng. « Directors’ Fiduciary Duties ». Dans The Impact of COVID-19 on Corporations and Corporate Law in Malaysia, 21–41. Singapore : Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-5519-8_2.

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Lessambo, Felix. « The Fiduciary Duties ». Dans U.S. Mergers and Acquisitions, 51–78. Cham : Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-85735-6_5.

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Weitzel, Paul. « Officer-Fiduciary Duties ». Dans Encyclopedia of Business and Professional Ethics, 1–3. Cham : Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-319-23514-1_693-1.

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Richardson, Benjamin J. « Fiduciary and Other Legal Duties ». Dans Socially Responsible Finance and Investing, 69–85. Hoboken, NJ, USA : John Wiley & Sons, Inc., 2012. http://dx.doi.org/10.1002/9781118524015.ch5.

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Markham, Jerry W. « Fiduciary Duties and Corporate Governance Principles ». Dans From Enron to Reform, 246–308. New York : Routledge, 2022. http://dx.doi.org/10.4324/9781003247135-6.

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Horsefield, J. K. « Fiduciary Issue ». Dans The New Palgrave Dictionary of Economics, 4567–69. London : Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_452.

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Actes de conférences sur le sujet "Economics of fiduciary duties"

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Bazantova, Ilona. « CHANGES IN THE CZECH CORPORATE LAW AND FIDUCIARY DUTIES ». Dans 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017. Stef92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/12/s02.048.

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Jurkevičius, Vaidas, Raimonda Bublienė et Dominyka Šeputaitė. « IMPACT OF AGENT’S FICUDIARY DUTIES FOR THE SUSTAINABLE AGENCY RELATIONSHIPS ». Dans 12th International Scientific Conference „Business and Management 2022“. Vilnius Gediminas Technical University, 2022. http://dx.doi.org/10.3846/bm.2022.772.

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In order to ensure the sustainability in agency relationships, the agent must act in accordance with the fidu-ciary duties, the breach of which presupposes the negative legal consequences on the side of the agent. The purpose of this article is to reveal the content of agent’s fiduciary duties and the legal consequences of their breach in Lithuania maefrom a comparative perspective. It is concluded that neither the legal regulation nor the case law in Lithuania dis-closes the content of the agent’s fiduciary duties and the legal consequences of their breach. Therefore, more detailed legal provisions would help to ensure a balance of the rights of the subjects involved in agency relationships.
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Widyawati, Agnes Maria Janni. « Importance of Fiduciary Guarantee Registration for Parties Based on Law No. 42 of 1999 on Fiduciary Guarantee ». Dans International Conference on Law, Economics and Health (ICLEH 2020). Paris, France : Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200513.004.

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Wang, Na, et Jinguo Wang. « Study on the Importance of Doctors' Attentive Duties ». Dans 2016 International Conference on Education, Management Science and Economics. Paris, France : Atlantis Press, 2016. http://dx.doi.org/10.2991/icemse-16.2016.73.

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Fanta, Michael, Radek Soběhart et Aleš Rod. « PRICE OF ALCOHOL IN EU MEMBER STATES – AFFORDABILITY OF ALCOHOLIC PRODUCTS AND ROLE OF EXCISE DUTIES ». Dans 4th International Scientific Conference – EMAN 2020 – Economics and Management : How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/eman.2020.93.

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This research paper focuses on alcoholic beverages and their price affordability between 2000-2016 in the member states of the European Union. Based on the data from OECD, WHO, Eurostat, and the European Commission, the paper primarily discusses development of prices and consumption of alcoholic products, level of excise duties, and the development of average wages. Overall alcohol consumption has decreased in most EU member states over the past two decades, even though price affordability has increased due to relatively dynamic development of average wages. As consumption of alcohol products is decreasing, producers of alcoholic beverages are now pushed to increase the prices of alcoholic products to keep their level of revenues, which means that the price of alcohol is growing naturally. Those facts raise a question about the role of excise duties on alcohol, whether it is an effective tool for reducing alcohol consumption or just a fiscal tool, whose further increases might lead to market distortions.
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Rohman, Holilur. « Binding of Fiduciary at Product Named Pegadaian Kredit Angsuran Fidusia at PT Pegadaian (Persero) Post-Applicability of Finance Minister Regulation Number 130/PMK.010/2012 ». Dans International Conference on Law, Economics and Health (ICLEH 2020). Paris, France : Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200513.025.

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Utami, Dwi Tyas, Sutjipto et Mukhneri Mukhtar. « The Influence of Personality, Conflict and Trust on Commitment of Duties of Principal Public Elementary Schools in DKI Jakarta Province ». Dans 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019). Paris, France : Atlantis Press, 2020. http://dx.doi.org/10.2991/assehr.k.200529.195.

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Bucha, Agostinho Inácio, et Abílio Ferreira. « THE ROLE OF THE DEPARTMENT COORDINATOR : LEADERSHIP AND SUPERVISION ». Dans 4th International Scientific Conference – EMAN 2020 – Economics and Management : How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/eman.2020.149.

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With greater autonomy schools require assertive leadership in school management. Thus, it is crucial to understand the intermediate manager’s role in guiding a curriculum department, seeking to know how to validate their skills within the team. The department is shown functional, organized and communicative. Coordinator is spokesperson, democratic manager and performs duties within a framework of collaboration and valorisation, with joint decision and validation. Leadership is democratic and supervision relies on support for teachers and the figure of case manager emerges. Relevant constraints include bureaucracy and resistance to change. Functions in inclusive education, leadership, pedagogical supervision and in democratic, pedagogical, collaborative and mediating management are envisaged.
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Mitkus, Sigitas, et Dalia Averkienė. « Legal significance of construction documents : consequences of non-implementation of contractual regulations for the client and the contractor in Lithuania ». Dans Contemporary Issues in Business, Management and Economics Engineering. Vilnius Gediminas Technical University, 2019. http://dx.doi.org/10.3846/cibmee.2019.068.

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Purpose – the article discusses the construction documents and their significance enshrined in Contractual Regulations and aims to disclose the consequences of the preparation or non-preparation of the construction documents for the client and the contractor. For this purpose, the general features of construction documents shall be reviewed first, and the certificate of acceptance of construction work and reports shall be analyzed separately. Findings – the results of the study state that in client/contractor relationship, the rights and duties between the participants to a construction project and the preconditions for the cooperation between the parties in a legal relationship in construction are determined and provided in the construction documents. All construction documents that have been analyzed are drawn up specifically for construction work. On the one hand, the law gives the right or imposes an obligation on to the client and the contractor to sign and deliver the construction documents to another party in a legal relationship in construction. On the other hand, signing (non-signing), submission (non-submission) of the acceptance certificate of construction work and reports can lead to a division of responsibilities between the client and the contractor (who are often business entities), the obligation to eliminate the defects in the work, to compensate for the damage, and to pay for work. Research limitations – though Lithuania has similarities with other EU countries in terms of the legal environment of construction, the generalisation of these results to another context is limited. Practical implications – the findings could be directly applied in practice. Understanding and using the findings could prevent disputes between owners and contractors in practice. Originality/Value – there is a lack of publications on the subject. Construction documents regulate the contractual relationship (performance of work, settlement, elimination of defects, etc.) between the client and the contractor. Therefore, proper and timely preparation of these documents is an important part of the implementation of contractual relationship both for business entities and the public using construction results.
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Vodenicharov, Asen. « THE MANAGEMENT ORGAN IN THE ARCHITECTURE OF THE EUROPEAN STRUCTURES FOR BUSINESS ASSOCIATION ». Dans 4th International Scientific Conference – EMAN 2020 – Economics and Management : How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2020. http://dx.doi.org/10.31410/eman.2020.129.

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Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company (SE) and Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE), as well as other community acts, govern the legal status of the management organ with two-tier architecture of European structures for business association. In this paper, it is concluded that the management organ shall be responsible for managing the appropriate organizational and legal entities. Therefore, it can carry out day-to-day management of the organization according to the decisions of the general assembly and the supervisory authority. It is stated that assigning day-to-day operational management to the CEOs, members of the management organ, can be defined as transferring certain aspects of their power, while keeping their right of making final decisions. The collective character of the considered authority, carrying out its duties on the principle of collegiality, raises a line of questions, which are considered in this paper. Subjects of study are also the horizontal and vertical relationships of the management organ, considering the representative power, as well as the different types of responsibilities. The discussed problems are in a relatively legal aspect of the legal regulations of the Member States.
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Rapports d'organisations sur le sujet "Economics of fiduciary duties"

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Sadowski, Dieter. Board-Level Codetermination in Germany - The Importance and Economic Impact of Fiduciary Duties. Association Inter-University Centre Dubrovnik, mai 2021. http://dx.doi.org/10.53099/ntkd4304.

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The empirical accounts of the costs and benefits of quasi-parity codetermined supervisory boards, a very special German institution, have long been inconclusive. A valid economic analysis of a particular legal regulation must take the legal specificities seriously, otherwise it will be easily lost in economic fictions of functional equivalence. At its core the corporate actor “supervisory board” has no a priori objective function to be maximised – the corner stone of the theory of the firm – but its objective function will only be brought about a posteriori – should negotiations result in an agreement (E. Fraenkel). With this understanding,the paper presents six recent quasi-experimental studies on the economic (dis) advantageousness of the German codetermination laws that try to follow the rules of causal inference despite the lack of random variation. By and large they refute the hold-up model of codetermination by showing positive or nonnegative effects even on shareholder wealth – and a far-reaching improvement of the well-being of the core workforce. In conclusion, indications are offered that the shareholder primacy movement has only weakened, but not dissolved the “Deutschland AG”.
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Becker, Bo, et Per Strömberg. Fiduciary Duties and Equity-Debtholder Conflicts. Cambridge, MA : National Bureau of Economic Research, décembre 2011. http://dx.doi.org/10.3386/w17661.

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