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Business letters can have many types of content, for example to request direct information or action from another party, to order supplies from a supplier, to point out a mistake by the letter's recipient, to reply directly to a request, to apologize for a wrong, or to convey goodwill. A business letter is sometimes useful because it produces a ...
Business letters are the most formal method of communication following specific formats. They are addressed to a particular person or organization. A good business letter follows the seven C's of communication. The different types of business letters used based on their context are as follows, Letters of inquiry; Letters of claim/complaints
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
The case embraces the application of the business judgment rule to directors' good-faith judgments about long-term shareholder value. [1] Some believe it represents the shift in most states away from the idea that corporations should only pursue shareholder value, as seen in the older Michigan decision of Dodge v. Ford Motor Co..
From January 2008 to May 2008, if you bought shares in companies when Robert D. Storey joined the board, and sold them when he left, you would have a -10.4 percent return on your investment, compared to a -4.0 percent return from the S&P 500.
From January 2008 to December 2012, if you bought shares in companies when James A. Unruh joined the board, and sold them when he left, you would have a -42.7 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
From January 2008 to May 2009, if you bought shares in companies when Ben Verwaayen joined the board, and sold them when he left, you would have a -20.9 percent return on your investment, compared to a -38.2 percent return from the S&P 500.
In his 2012 book Seeing the Big Picture, Business Acumen to Build Your Credibility, Career, and Company, Kevin R. Cope states an individual who possesses business acumen views the business with an "executive mentality", with the ability to comprehend how the moving parts of a company work together to make to ensure success, and how financial metrics like profit margin, cash flow, and stock ...
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