Question

In: Operations Management

The title of this episode in The Office is “Shareholder Meeting, which should give you some...

The title of this episode in The Office is “Shareholder Meeting, which should give you some idea of why we’re watching it this week. In this episode, Michael, Dwight, Andy, and Oscar travel (via limo!) to a Dunder Mifflin shareholders meeting in New York City. Meanwhile, Jim and the rest of the crew remain in Scranton. Hijinx ensue. Based on the information given in the episode, does it seem like the Dunder Mifflin directors or officers could be held personally liable for their mismanagement of the corporation?

Solutions

Expert Solution

answer-

Yes, Dunder Mifflin directors or officers could be held personally liable for their mismanagement of the corporation because Dunder Miffin directors or officers are appointed to these positions so that they can take right decisions and conduct business in appropriate manner. Company is definitely a separate legal entity but it needs directors and offiercers to run the company. This creates a Fiduciary Duties of directors or officers towards Dunder Mifflin. This means directors or officers should conduct business in the best interest of the company not thier personal interest.

If these directors or officers are putting thier self interest first and leading in mismanagement of the corporation then they are breaching thier fiduciary duties. Under this directors or officers can be held personally liable.for example- if director uses the funds of company for corporation meeting and use some funds for personal use or transfer them in their personal bank account then they can be held personally liable.


Related Solutions

Based on this information, in which city should you open a second office in?   Based on...
Based on this information, in which city should you open a second office in?   Based on the MLR output, what variable(s) is/are significant? Based on the descriptive statistics, for the significant predictors, what city/cities has the best potential? What city or cities fall above or below the median and/or the mean? What city or cities are in the upper 3rd quartile? Or the bottom quartile? These are some things to consider not necessarily questions you need to answer in your...
Based on this information, in which city should you open a second office in and justify...
Based on this information, in which city should you open a second office in and justify your answer based upon the provided results of the Multiple Linear Regression. If you want to recommend 2 or 3 different cities and rank them based on the data and your findings, this is fine as well. Based on the MLR output, what variable(s) is/are significant? From the significant predictors, review the mean, median, min, max, Q1 and Q3 values? It might be a...
Which of the following should be included in a project charter? A. Title and objective B....
Which of the following should be included in a project charter? A. Title and objective B. Funding and major risks C. Milestone schedule and key deliverables D. Key assumptions and constraints E. Approval and reporting requirements F. All of the above
MICROBIOLOGY PRSENTATION Topic: streptococcus pneumonia Presentation title: you should think of a creative title for your...
MICROBIOLOGY PRSENTATION Topic: streptococcus pneumonia Presentation title: you should think of a creative title for your presentation Format: PowerPoint presentation Visual Aids: tables, figures, diagrams, graphs, photos, maps, etc… (you should have a good balance of word & figures throughout the presentation) – if you would like to use a figure from the textbook email me, and I will provide it for you. You must request the image no later than 2 days before your presentation What you will cover:...
Before you go into your boss’s office (the COO) for a meeting, you hear him berating...
Before you go into your boss’s office (the COO) for a meeting, you hear him berating the CFO about a local building project your company is currently pursuing. CFO: “But, Todd, according to the latest projections from the university next year, they anticipate a 22 percent decrease in enrollment. These are the very students we were targeting this complex for. This could result in an estimated loss of revenues of nearly 30 percent!” COO: “Alex, I’m sick of this discussion....
A first-time shareholder has approached you requesting some advice. The shareholder has received the company’s annual...
A first-time shareholder has approached you requesting some advice. The shareholder has received the company’s annual report and noticed the following statement in the summary of significant accounting policies:      ‘The financial report has been prepared on the basis of historical cost, except for the revaluation of certain non-current assets which is explained in the notes.’ Required Explain to the shareholder why this statement is included in the accounting policy note.
You return to your office from a productive but lengthy status meeting with Marco Padula and...
You return to your office from a productive but lengthy status meeting with Marco Padula and Frank Gosselin to find several priority messages in your voicemail, including one from Samantha Reagan, the State Commerce Department Major Projects Oversight officer. "Hi, it's Samantha Reagan from the state Commerce Department. Listen, I called because I've been talking with Frank Gosselin, who was telling me about your so-called risk ranking. Please help me understand how issues with the exterior face materials—a near certainty—could...
Explain the factors that determine when should you arrive at a business meeting
Explain the factors that determine when should you arrive at a business meeting
The Situation At the board meeting, you give your financial report. You actually have a small...
The Situation At the board meeting, you give your financial report. You actually have a small profit to show for the month on the income statement, but as you are going over that report in the board packet, you notice that all six board members have already turned past the income statement to the accounts receivable report. One board member actually has his mouth open, jaw dropped, and another is looking at you over his glasses. This is not good....
Should you video conference or travel to a business meeting? Suppose you own a profitable small...
Should you video conference or travel to a business meeting? Suppose you own a profitable small business in Washington, D.C. You desire to hold an essential 1-hour meeting with business executives in New York, NY. You have two options: You can fly to New York. You own 25,000 frequent-flyer miles, which you can return to the airline at any time for a free ticket anywhere in the United States. Thus, you need not pay for your flight to New York....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT