BBBL2074: Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang: Business and Corporate Law Assignment, TARC, Malaysia
University | Tunku Abdul Rahman College (TARC) |
Subject | BBBL2074: BUSINESS AND CORPORATE LAW |
Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang, Selangor. The company carries on the business of importing and distributing food products to supermarkets and other retail outlets in Klang Valley.
Mr. Olive is the managing director of the company likewise Mr. Floro,a director appointed by the company responsible for souring an alternative olive supplier for the company in order for the company to produce olive vegan products and to manage the business of the company.
The appointment of Mr. Floro was decided by Mr. Olive who found out that the existing supplier Nana Sdn. Bhd. was making a very substantial margin on the prices it charged to the company and Mr. Olive believed that his close friend Mr. Floro was able to do a good job.
On 31.3.2022, Mr. Floro tendered his resignation as director where he intends to migrate to Australia and his resignation was accepted by the company.
On 1.6.2022, Mr. Olive found out that an estimated RM150, 000.00 costs, and expenses were incurred by the company for an overseas business trip approved by Mr. Floro solely. Mr. Olive also found out that some overseas trips were not for the benefit of the company, some overseas hotel accommodations expenses were claimed by Mr. Floro for his family trips, and these transactions were never disclosed to the board.
Mr. Olive was very furious when he was further made aware that Mr. Floro was one of the major shareholders of Nana Sdn. Bhd.
Hence, Mr. Olive also found out that Mr. Floro earned and received from the company’s suppliers a commission of 1 % during his tenure as a director in the company.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
If you want to get assignment help from a professional writing service, look no further. Our services are affordable and we ensure the papers you get are of exceptional quality. We also guarantee 100% originality and timely delivery of your orders. All our dissertation writers have advanced academic degrees and go through rigorous selection processes before joining our team to ensure they meet all the requirements of our customers. Get in touch with us today for the best assignment help in Malaysia.
Recent Solved Questions
- ACC4304: Write an essay that critically evaluates the impact of an accounting scandal on auditor independence and audit quality: Auditing Essay, HU, Malaysia
- STA404: There is an increasing trend in purchasing the laptop due to the pandemic Covid19: Statistics for Business and Social Sciences Assignment, UiTM, Malaysia
- Jubahsauk produces two new designs of baju kurung, A and B. Through market research and survey, the company determines: Applied Calculus Assignment, SU, Malaysia
- Write a Critical Response Reviewing the Research Discussed in the Article and Relate it’s Implications to the Early Literacy in Children: English Essay, OUM, Malaysia
- ACC4304: Auditors cannot effectively audit clients unless they fully understand the client’s industry and the inherent risks that may affect their client: Auditing Assignment, TARC, Malaysia
- Since the Covid-19 outbreak, there has been a great increase in the number and variety of online courses available to students: Foundation English Essay, UON, Malaysia
- Revolut is a British financial technology company that offers banking services Headquartered in London: Introduction to Fintech Assignment, APU, Malaysia
- FIN 358: Common stock and preferred stock differ significantly in several ways. Most holders of preferred stock: Investment Management Assignment, UiTM, Malaysia
- EMCA5103: provide the student with the practical skills and theoretical for risk management plan with essential traits to achieve the project’s goals and objectives: Project Cost Analysis And Appraisal Assignment, OUM, Malaysia
- To introduce supply chain management thinking to students in terms of measures within the supply chain management area: Supply Chain Management Assignment, SU, Malaysia