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Discuss the reason for civil service reforms in municipalities.Have civil service reforms resulted in impartial and more efficient bureaucracies? Or are there some unseen limitations of civil service reforms?
Corporation Act
Legislation that governs the behavior of corporations, detailing the legal requirements for forming, operating, and dissolving a corporation.
Voluntary Winding Up
The process of liquidating a company's assets and ceasing operations based on the decision of its shareholders or members, rather than by order of a court.
Liquidator
A person or entity appointed to oversee the winding up of a company, managing the process of disposing of assets and paying creditors.
Shareholders' Distribution
Payments made by a corporation to its shareholder members, which can include dividends, stock shares, or other forms of assets.
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