Joe Is a Shareholder of XYZ Corporation, an Extremely Profitable

question 139

Essay

Joe is a shareholder of XYZ Corporation, an extremely profitable corporation in the software business, and was upset when the directors of the corporation refused to declare a dividend again, ploughing the money back into research and development. Joe sued, along with several other shareholders, claiming that there was no excuse for withholding dividends under these circumstances. Explain the likely outcome.

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Definitions:

Ethical

Concerned with the principles of what is right and wrong behavior, and the goodness or badness of human character.

Agency Policy

Policies set by an organization or agency to dictate procedures, operations, and standards for its employees and the services it provides.

NASW Code of Ethics

A set of guidelines and principles designed to guide the conduct and decision-making of social workers, established by the National Association of Social Workers.

Billing Procedures

The systematic methods employed by businesses or organizations to issue bills for goods or services provided.