Board of Governance Principles Case Study Example | Topics and Well Written Essays - 3250 words

Board of Governance Principles - Case Study Example This is the manner, with which the Board ensures revenue for the shareholders' investments with consistent and regular review of long-term plans, decision-making achievements, and replacements for Board members and executive management personnel. At British Petroleum public limited company, the members of the Board entrust their decision-making management authority to the company's Group Chief Executive led by Tony Hayward, the Group Chief Executive, member of the BP board of directors, head of the BP executive management team, and steered by the Board of Governance Principles. Prior to efficient management, the company's Group Chief Executive Tony Hayward must have understood the business ethics of British Petroleum Plc prior understanding the company business, as theoretically, trade is directly related to ethics. In comparison, a good number of commercial executives recognize article of trade-based type of business ethics. This is well-liked by the communication industry, the courses offered in business schools, colloquiums, and educational prose. But, the other type of business ethics called sense-based has been overlooked by the majority in the industry. These two different types of business ethics are supposedly inseparable duo (Pava, 1999). ... Nonetheless, British Petroleum Plc Group Chief Executive Tony Hayward clearly implements article of trade-based and sense-based types of ethics as an indivisible pair which is clearly invoked in the Board of Governance Principles. "The power and success of business are ultimately dependent on manager's beliefs about life's meanings" (Pava, 1999) Corporate success then that is driven by moral code collectively practiced among managers, employees, and shareholders (Pava, 1999) seamlessly fits into these principles. At the British Petroleum Plc, corporate governance structure style is underpinned by the concept of the approach the company manages the business. First, the Board and the executive management of British Petroleum public limited company led by Peter Sutherland, the Chairman of the chairman's and the nomination committees benchmarked image of prominence as the driver of the primary aspiration of the British Petroleum Plc, together with the idea that the company has built through time market edge and asset for advancements. Second, the company is anchored on the conviction that its existence will assists in crafting better opportunities for the human race. For instance, the company will in some way lend a hand to humanity by providing access to heat, light, and transport. All these are achievable with low cost of ener gy production that is safe for mankind and ecosystem friendly (BP plc, 2009). This is being mindful of the chief responsibility of commerce to civilizations. While the business concerns are those of the material needs of a society of people, the corporate company likewise embraces what is beyond substantial wants and desires. In fact, this is the most significant aspect of the company. It is within this realm that company

Land Law - Land lease Essay Example | Topics and Well Written Essays - 1500 words

Land Law - Land lease - Essay Example In Bruton v London & Quadrant Housing Trust1, have upheld the existence of contractual, non-proprietary rights lease where the landlord has no proprietary estate from which to grant a proprietary lease. However, it must be created in the proper manner and it must satisfy the definition contained in LPA 1925 s. 205(1)(xxvii). The 1925 scheme was reformed in 1986 (Land Registration Act 1986) and again by the 2002 Act, which has been accused of introducing yet more confusion to the law of leases. There are 3 kinds of lease, legal lease, equitable lease and tenancies by estoppel. Legal lease created by deed, this includes periodic tenancies (LPA 1925 SS. 52, 54). Due to the doctrine of Walsh v Lonsdale2, a contract for a lease operates as an equitable lease without any further action being necessary. The LP (MP) A3 1989 s. 2 supersedes s. 40 of the LPA 1925. A tenancy by estopple operates where the landlord has no title to the land when a lease is granted. The LRA 2002 has made substantial changes to the formalities required for leases, most of which require registration or protection on the land register. Three types of lease are recognised by the 2002 Act: Most leases, which fall outside the scope of compulsory first registration, can be enforced either if protected by a notice on the register or if they fall within the overriding category. ... Leases requiring protection by a notice on the register. Short leases, which override the register. Most leases, which fall outside the scope of compulsory first registration, can be enforced either if protected by a notice on the register or if they fall within the overriding category. The ultimate aim is for as many interests as possible to be entered on the registered. But Leases of three years or shorter cannot be protected by notice and so are 'only' overriding. Short leases (not exceeding seven years) can override the register. Where the tenant is in actual occupation, this protects his Leases on first registration (Sched. 1 para. 2), or on a transfer either under the 'old' law (LRA 1925 s.70 (1)(g)) or the LRA 2002 (Sched. 3 para. 2). In Street v Mountford4, Lord Templeman suggested that there are three characteristics of a lease, these are exclusive possession, a determinate period, for a rent or other consideration. Exclusive possession means that the tenant has control over any one who enters the premises and can exclude everyone, including the landlord. There will be no exclusive possession if: the landlord is entitled to move the occupier at any time from one room to another according to Westminister city Council v Clarke5, there was held to be no exclusive possession. Someone merely has exclusive occupation, such as a hotel guest or a student in a university hall of residence or a resident in a nursing home (Abbeyfield) (Harpenden) Society Ltd v Woods6; In Marcou v De Silvesa7 the agreement required the landlord to provide services. There may be exclusive possession even if: In Aslan v Murphy 8 the landlord retains a set of keys. In Antoniades v