BU231 Lecture Notes - Lecture 1: Absolute Liability, Mens Rea, List Of Compositions By Franz Liszt
Document Summary
Differs from private because they have different protections (arms-length/ independent). Will not know insider stuff that a private shareholder would. There are 2 minimum ratios a corporation must maintain in relation to their debt: debt to assets and debt servicing costs to income. To obtain full disclosure of information to investors and public. Misrepresentation- civil liability for both primary and secondary markets: secondary market contracts don"t involve the corporation any more. Inaccurate information being out there falls on the liability of the corporation and everyone under damages (post nron) Disclosure: prospectus, continuing disclosure, trade reports, audited financial statements, role of the auditor. By creating a regulated commodity there are strict guidelines and parameters. Criminal- mens rea offences: senior officials- directing mind, lower level employees, insider trading, whistleblower retaliation. Impact statement is mandatory and reviewed: process is constantly checked up on and reviewed, you also have to report any new threats or dangers.
