Sunday, May 24, 2020

Decision Making Methods Among Senior Leaders - 922 Words

This paper will illustrate how various decision making methods amongst several senior leaders in my organization has stalled progress on an enterprise level project. Some leaders are keeping their options open, while others are simply not making a decision at all. This indecisiveness has created confusion and discouragement amongst subordinate units. The two themes that I plan on expanding upon in order to show how progress can be accelerated are autonomy and task significance. The issue at hand is not a result of ignorance or lack of commitment. Past experiences from differentiating backgrounds amongst the senior leaders has manifested into group thinking and therefore inhibited their ability to make a decision moving forward. The proper application of autonomy bestowed upon the action officers working the project, and a mutually accepted baseline for the overall task significance will ensure project success. This will establish clear guidance moving forward, achievable goals and r e-establish trust from the tactical level up. As an officer, we have always be told when you are in command, command. The worst thing you can do as a leader is fail to make a decision. Even if it is a bad decision, never fail to make a call. There are several models in place to help facilitate making good decisions however, it is essential not to be bogged down from information overload. It is vital that a leader clearly defines the objective, empowers his or herShow MoreRelatedEmployee Driven Values Change : A Study Of Nokias Leadership1723 Words   |  7 Pagesby Willigan (2009), provides insight into how Nokia’s leadership guided its global workforce in redesigning its corporate values in support of the company’s strategic changes. Overview of the Case Nokia’s Chief Executive Officer (CEO) and other leaders recognized the need to redefine Nokia’s culture and its foundational values to promote global collaboration and speed during the company’s business change (Willigan, 2009). Nokia was of the belief that â€Å"values align people’s hearts and emotionalRead MoreThe Decision Making More Effective991 Words   |  4 PagesIn reviewing the information within the SWOT analysis, it is essential for the leadership to utilize collaboration to make decision-making more effective. The top-down approach used in the past should be avoided to be replaced by an approach which keeps the executive team much more involved in daily operations. By utilizing the Team Development Process. â€Å"Team development is an educational process of continually reviewing and evaluating team functioning in order to identify and establish new andRead MoreEssay on Analysis and Synthesis of Prior Research1253 Words   |  6 Pages the business is now, and the portfolio of projects of the organization demonstrate where the organization is headed. To effectively manage the tremendous number of projects that leaders face today in their organizations, they look to methods and processes that aid them in effectively managing a group of projects. The method used to help in this endeavor is Portfolio Project Management (PPM). Portfolio Management Methodologies According to Project Management Institute’s 2012 Pulse of the ProfessionRead MoreInterpersonal Skills : Interpersonal And Social Skills1682 Words   |  7 Pageswhich help a leader work effectively with peers, superiors, and subordinates to achieve the goals of an organization (Adair, 2009). A leader must have the ability to relate well with followers. Effective leaders have self-awareness, as well as the awareness of those around them. The leader needs to be socially perceptive. A leader requires interpersonal skills to show emotional intelligence. It assists a person in understanding emotions and applying this understanding to daily tasks. A leader must alsoRead MoreLeadership Approaches Of Leadership And Leader Member Exchange1525 Words   |  7 Pagesperson can be a leader when operations are working correctly (Pozin, 2014). What type of leader stands out when complex problems arise? Two leadership approaches, collective and leader-member exchange, have opposing princi ples guiding the success of the methods. One approach foregoes a designated leader and enables team members to reach an objective collectively, whereas the differing approach bases its success on the dyadic relationship between the leader and follower. Leaders must recognizeRead MoreBuilding a Networked Organization1552 Words   |  7 PagesMWH is a global engineering services firm considered to be a leader in water, hydropower and environmental remediation. It was trying to turn the geographically organized department into one organized by function and the reorganization will depend on effective collaboration. The existing relationships are providing through ONA analysis, a method for mapping relationships among people in a group. This case looks into the old structure under which departments are fragmented by geography and constrainedRead MoreInvestigating The Factors That Were Prevalent And Hampered The Teamwork At Oceanic Consultants Pvt Ltd Essay1377 Words   |  6 PagesX, Theory Y †¢ Situational Leadership Theory †¢ Path Goal Leadership Theory 2 DESCRIPTION OF EVENTS 2.1 Lack of motivation and effective communication among employees When I joined the organization I found that all the employees preferred individuality over team work. The major problems that the firm was experiencing, was lack of motivation among its employees. They did not have any specified goal and were not given responsibilities to perform which results in a lack of initiative. Even the companyRead MoreEssay on Crystel Change Management Plan1074 Words   |  5 Pagesof change. A systems model of change takes a big picture perspective of change. It focuses on the interaction among the key components of change. The three main components of change are inputs, target elements of change, and outputs. The target elements of change represent the components of an organization that may be changed. They include organizing arrangements, social factors, methods, goals, and people (Kinicki Kreitner, 2004). One of the objectives is to commission a survey that would enableRead MoreA Report On The Hospital1413 Words   |  6 Pages hiring, and training new employees to fill the open positions. Additionally, patients who are admitted for extended periods of time complain of not having the same staff members assigned to them throughout their stay. As a result, the hospital’s senior management is looking to find ways to reimage the company’s culture and to motivate and incentivize the employees. Because it is privately owned, this hospital is not limited to funding provided by the city or state and can get more creative in theirRead MoreHow Strategies Can Foster Employee Engagement Essay1212 Words   |  5 Pagescompany culture and staff performance. Middle managers - often conflicted by organisational change, responsibility without authority and outside opportunities for entrepreneurship - are leaving their positions to advance their careers, and ageing senior staff are reti ring from their positions. The management vacuum that these trends create generates a need for effective in-house promoting policies that HR departments manage, and HRM duties increasingly focus on developing good managers through internal

Wednesday, May 13, 2020

The Great Recession Of 2008 - 1691 Words

Stefanos Lazaridis Professor Demiray Economics 200 October 18, 2015 Great Recession of 2008 The Great Recession in 2008 led to a huge crisis in the United States economy. This recession almost led to the entire collapse of the United States economy due to the constant unstable changes in legislation, regulation, along with the changes in fiscal and monetary policies. Furthermore, many economists believe that the increase of excess monetary and government irresponsibility led to the overall crisis in the mid to late 2000’s. Some economists believe that the oversupply of monetary contributed to the 2008 crisis due to low interest rate targets that were substantially below the monetary requirement. In this paper I will discuss the effects of the changes in monetary and fiscal policies that altered the economy in 2008 as well as the current and desired gross domestic product for the future United States economy. The United States fiscal policy can be defined by how the United States government collects revenue which is usually through taxes from c onsumers, and how the government spends (expenditures) the money collected in order to influence the economy. Moreover, many Keynesian economists believe that by adjusting level of taxation and government expenditures, supply and demand could also impact aggregate demand. For example, if John says that there needs to be an increase in jobs to enhance overall stimulation in the future economy, he would have to allocate resources andShow MoreRelatedThe Great Recession Of 20081123 Words   |  5 Pages The Great Recession of 2008 Debra Turner ECON 102 Professor, Shahrokh American Public University September 26, 2015 â€Æ' The Great Recession of 2008 Recession is a significant decline in real GDP, real income, employment, industrial production, and wholesale/retail sales, which last more than a few months. (Economic recession, n.d.) Further, a recession typically begins after a peak in the economy and ends at the trough, however, â€Å"the start and end dates are determined by the Business Cycle DatingRead MoreThe Great Recession Of 20081814 Words   |  8 PagesSubprime Lending and the Recession of 2008 The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used byRead MoreThe Great Recession Of 20081388 Words   |  6 Pages The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used by investment banks in order to get more moneyRead MoreThe Great Recession of 20082062 Words   |  9 PagesAbstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economys fall into a recession, but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline, unemployment rate can rise due to less spending which can be one of the combined factors whenRead MoreThe Great Recession Of 2008-91850 Words   |  8 PagesThe Great Recession of 2008-9 was the deepest and longest capitalist economic slump since the Great Depression of 1929-32. The recent financial crisis is known as the â€Å"Great Recession† of 2008-9. Its downturn was sparked by the collapse of the US housing market. In 2006, the prices of home began to rise and the banks began to encourage potential homebuyers to take out larger loans. There were lower interest rates at the time, an d this seemed like a good idea for most individuals who were searchingRead MoreThe Great Recession in the year 20081063 Words   |  5 PagesRecession 16Specifically, Freund (2009) defines global downturns as years when world real GDP growth is (1) below 2 percent, (2) more than 1.5 percentage points below the previous five-year average, and (3) at its minimum relative to the previous two years and the following two years. 1975, 1982, 1991, 2001, and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is Read MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 PagesThe Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policiesRead MoreThe Great Recession Of 2008 Was A Worldwide Economic Downturn1673 Words   |  7 PagesThe Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, the Diary Of A Very Bad Year: Confessions of an AnonymousRead MoreGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the2500 Words   |  10 PagesGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the world are adversely affecting economic development. Especially in this crisis compared with 1929 World Economic Crisis in September 2008 has become visible. The market value of real property in the United States losing one and kept it as a result of the increase in personal bankruptcies even though it is believed that triggered the crisis. Causes Throughout the 2000s, especially in oil and all commoditiesRead MoreFiscal and Monetary Policy Before During and After the â€Å"Great Recession† of 2008594 Words   |  3 PagesOne of the most interesting facets of The Great Recession of 2008 is that it didn’t really begin in 2008. The fiscal and monetary policy that prompted what we know now as the Great Recession of 2008 really began in 2006 and 2007. What was happening then and why did it take so long for the nation to feel the recession? The answers to those questions explain a great deal about how the Federal Reserve Bank operates and how the different ideologies of economics affect our nation (Sumner, 2011). In

Wednesday, May 6, 2020

A Human Resource Manager Dealings Free Essays

string(88) " of their business degrees than I did not even seem interested to the slightest degree\." Human resources management deals with the theories, concepts, and practices that enable organizations to attract and retain employees. Human resource managers are responsible for designing effective compensation systems. They must be aware of the most recent laws and regulations governing what managers can and cannot do, and they must apply nondiscriminatory recruiting, selection, promotion, and pay standards. We will write a custom essay sample on A Human Resource Manager Dealings or any similar topic only for you Order Now New and important developments in advanced industrial societies have created additional challenges in human resource management, resulting in increased opportunities in such areas as ersonnel management, labor relations, labor and employment law, and compensation and employee benefits. Another of the business fields most important areas is finance. Finance is the study of how individuals and organizations make decisions about short-term and long-term investments and how these investments are financed. This major teaches theoretical and practical aspects of financial management. The general aspect is to explain how financial techniques can solve some of societies most important problems. Human resource management and finance our main aspects in the educational field of business, hat cannot be disregarded in a business society. I chose the profession of a human resource manager so I could basically have control in what I do in the business type atmosphere. This profession has many different departments in a business and the managers of those departments have a lot of control in how they run their departments. These departments consist of employee relations, organizational development, compensation, benefits, labor relations, and functions management also known as a generalist. All the managers of these departments in a corporation are very well paid. I become more anxious to start working in this business field as I keep learning Money has played a major role in my decision to choose this profession. The salaries all depend upon the company. For example in the division of organizational development the starting salary is 52,000 dollars out of college. After three years it is 82,000 dollars. Four more years it is more than 120,000 dollars. This was a major influence in the decision of making human resource management a career choice. In the career of business no matter what your major is the concept or center that the business world revolves around is he act of dealing with money. After careful studying of these career paths and choices I have come to the conclusion that money makes all the difference in the world. At the salary rate and employee benefits of the profession makes this job one that can last a full Although it requires a lot of hard work the profession of being a human resource manager is one that leaves great financial standing to support a family and good retirement funds. The idea of having money is not all about having it for yourself. Many people who criticize others for looking for a career with good financial standing assume that person ants money for themselves. Many people use money as an influence for choosing their careers are thinking about their future which hopes to consist of a family. This is my motive, I want my family, just like everyone else to live life better than I did so I can show that hard work pays off. Selfishness has nothing to do with anything, the future has everything to do with it. I really want this career to lasts for me as long as it can. The more financial support that I have as a result of being in this field is for the better to I really felt no pressure in choosing this career, I made this choice on my own and I hoose to stick with it. I did not feel any pressure to attend college I knew I had to go to college mainly because of influence of the society I grew up in. My parents are both equally successful in the way that they are both bosses in their career. This is what I use as my motivation in order to succeed just like both of them. It actually makes me push harder because of the fact that they had to deal with life a lot worse than I had to. I might feel pressure to succeed but never did I knew from the beginning, as soon as I was able to talk, The negative aspect in being a human resource manager is the worst feeling in any profession. The act of telling someone that has a wife and children that they are not needed not because of their work performance but because of the cutbacks of major corporations and businesses is something that hurts your conscience. This is something that does not only effect the employee but it effects the employer. I am going to work to change this aspect in the job. My philosophy on this subject is going to be no termination of a job unless it is absolutely necessary. My goal as long as I am in this profession is not to fire a single worker. I feel when people are secure of their jobs they work faster, work harder, and work better. Even though this might be far fetched I will try to complete this goal for as long as I can. Even though this is not something that I look forward to doing, I know it is something that comes with the territory. I chose this career path based on the business class I took in high school. We went through one chapter based on this profession. This is the only chapter in the business book that I actually ended up reading. This is the point when I knew what I was going to do in my life. This decision effected many aspects of my high school life. For example, this decision helped me choose what colleges I wanted to go to. f the school did not have uman resource management in a list with all of their business degrees than I did not even seem interested to the slightest degree. You read "A Human Resource Manager Dealings" in category "Essay examples" After careful research in salary and job potential along with benefits I knew that I was going to choose this career based on one business class my junior year in high school. The profession of a human resource manager has many divisions. The top executive and managerial positions have to be occupied with someone with a college degree. However there are positions that go under specialist divisions that get paid good money to do minor human resource jobs such as being in payroll or other small departments. There are a lot of specific aspects that are all gone over in college courses. For example, if you work for a company based on finance you need to know all the principles of that subject that is learned in a business college course. This is not something you learn unless you spend many years on the same aspect. In an interview with Mike Sauter, a human resource manager for Duracell in Indianapolis, there was one main subject of the interview centered in one question. What are the physical, mental, and emotional stability†s it takes to Brandon: What made you choose the business field as your major? Mike: In college it was the first thing that caught my attention out of all the majors that my school provided, it was the field that I was positive I could do. Brandon: Did anyone influence you to choose this field? Mike: No, I kind of just decided on my own my freshman year. Brandon: Where did you go to college? Mike: I attended the university of Indiana (Bloomington). Brandon: Did you know the percentages of those who graduated in this field? Mike: I think around 85 percent of the class graduated out of the school of business. Brandon: Did the remaining 15 percent drop out or fail in this field? Mike: I am not sure but I would guess that the majority of those who did not get a degree Brandon: What do you think is the biggest challenge one faces going into this field? Mike: Probably the biggest challenge one faces is trying to be the best in your field. If you are the best then you have the concentration and motivation to succeed. Many people think the biggest challenge is getting hired, but if you are the best then the jobs basically Brandon: What sacrifices does one have to make in order to succeed in this field? Mike: There are so many but, the most influential are the social sacrifices one has to make. You cannot go to every party, you sometimes have to even miss physical workouts, also if your in a relationship you have to separate and sacrifice time or it†s not going to Brandon: What are the best options for those with double majors? Mike: Well, the advantage to having a double major is there are double your chances of having better job opportunities and offers. The disadvantage is all the work. Brandon: If you could change majors, would you choose another field? Mike: Not a chance, I just feel like I know this field to well. Brandon: What do you think is the biggest aspect one needs to know going into this Mike: The biggest aspect is just simply knowing what you want to do and know that you Brandon: What benefits come out of the field of business? Mike: It all depends on the company. Benefits can have many different ranges such as dental plans up to medical benefits. My job is to decide what would best help the Brandon: What are the ranges of salaries for a human resource manager? Mike: The range of salaries depends on how many employees you have. If you have thousands of employees, than you could make up to 90 to 120 thousand dollars a year. Brandon: What are the ranges of salaries for a person in finance? Mike: I am not to sure about someone in finance but, I would guess that their salaries could range up in the high thousands. Brandon: Where did you spend your internship? Mike: I actually spent my internship at Walmart, doing stuff like payroll and attendance, Brandon: What are the starting salaries like for a human resource manager? Mike: It all depends on the type of position you are in. You could be just coming out of college and finishing your internship and still have over a thousand employees under you. Brandon: Are you satisfied with your salary? Mike: I am very satisfied, I feel that all my hard work paid off and deserving. Brandon: Why did you choose to become a human resource manager? Mike: When I was looking through the tasks in business I felt like I knew this area already, and it was so familiar that I knew I could succeed. Brandon: How much time of your job do you spend yearly? Mike: I spend over 11 months. This is a profession that requires daily attendance, and I must be the person who sets good examples for the other workers. Brandon: Is this a job that requires a lot of overtime work? Mike: It doesn†t require a lot but, on any given day you can work about one or two hours Brandon: What is the biggest task for a human resource manager? Mike: The hardest thing in this field is after getting to know and trust an employee, telling that same person that they are no longer needed in this business. After that you realize that these people have families to feed also but, there is nothing more you can do. It is the hardest thing I ever had to do but, it is the path I chose. Brandon: What are the physical, mental, and emotional stability†s does it take to Mike: The physical part is to be able to get up every morning and expect something different every time you put a suit on to go to work, and being able to handle it. The ental part is believing in your self enough to know that you can be the best, and make a difference in the work place. The emotional part is trusting the people you work with and hoping that we as a team can help each other succeed. I have a very positive opinion of college it seems to be everything I expected. I am taking time to get use to Indiana but I am still having fun while doing it. The time I spend at Ball State University has all been worth it and I do not really plan on leaving to transfer to another school anytime soon. Being at a university like this one is everything I expected since I first visited almost nothing has changed. I knew I was going to choose this school as one of my top choices when I saw it had my major. I made my final decision when I came to visit. The main challenge that faces me now is getting through all the hard courses, and pressures that come with graduating from college. Other these obstacles I think I should be better than fine. Whatever is ahead of me, whatever size problem it seems to be, I know I will be ready for it. Before I get through with a degree in human resource management I need to get use to and practice with this career. I will be working at the Washington Wizards arena the MCI Center. This should be an excellent experience for me mainly because I can decide whether or not I want to be doing this for the rest of my life. This is great timing because I can change career paths if I do not like this type of career. I will be working under someone whose position I will hopefully be in after I graduate college. I will be doing work that employees that do not have a college degree such as handling payroll for example. The main difference between training for a career and pursuing an education is being well skilled in either one subject or in all subjects of a profession. The act of being trained or a job and not going to college has both advantages and disadvantages. The advantages are that you get money faster and you do not have to waste time and money on a college education when you can be working the next day. The disadvantages are that without a college education your job can be replaced easier with someone who was taught the same job but more thoroughly, and with a college education it is easier to get a job with a higher â€Å"Under the general direction of the CEO and COO, this position creates and implements Human Resources programs including, but not limited to, recruitment, employee evelopment, compensation and benefits, management development, employee training and employee relations (www. hrm. org).† After the interview Mr. Sauter wished me luck and surely let me know what was ahead and the problems I had to deal with. I realized that being a human resource manager is hard work mentally, physically, and emotionally. However, I also realized that facing problems and obstacles is what life is all about and I am going to have to handle it at one time or another. I also realized that for me it is now do or die and I must confront all challenges to the best of my ability. 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Monday, May 4, 2020

Corporation laws

Questions: Indri runs a soil-testing business. He decides to form a company to take over the business. He is the sole shareholder and sole director. Indri sells his business to the company at an inflated price and lends the company $90,000 to help meet the cost of purchase. As security for the loan, Indri arranges a mortgage over a vacant block of land, which he transferred to the company as part of the business sale. In the first year of operation, the business makes a small profit (after paying both Indri and his 20 daughter's wages), but by the end of 2012 it is clear that the building industry is going through a major slump. Indri becomes desperate and works even harder. While working late into the night, Indri badly lacerates his hand and needs micro-surgery. His efforts to keep the business afloat are in vain and the company is forced into liquidation. On realisation of the assets, it is found that the company has approximately $95,000 to go towards meeting creditors' claims of $210,000: (a) If Indri is the only secured creditor, will he get back his $90,000? (b) Can Indri claim workers' compensation, assuming that he is otherwise entitled to it? Answers: The problems associated in the given case study are if Indri is believed to get an amount of $90000 back that was supposed to be his. It was found that the sum of money was initially lent to the company and whether the compensation for the workers can be claimed by Indri for the laceration or not. The company that is being dealt with is a single owner company of which Indri is the director and the shareholder of the company. The company is normally considered to be a significant entity that is different from the shareholders. The company was established in the case of Saloman v Saloman (Saloman v Saloman, [1896]) which a company is a separate body that is totally different from the shareholders and there is a curtain between the shareholders and the company which gives a kind of immunity to the company. Yet, it is also a fact that there are a few exceptions to the distinct identity status of the company. The cases when this covering is removed, it has been outlined judiciously by the courts over a long period of time. The covering is removed at the time when the company takes the shape of a sham company or when the people in control of the company act in a fraudulant manner or when the company is used to avoid certain legal bindings (Ferber, 2002). A specific case with respect to that of Macaura v Northern Assurance co. Ltd (Macaura v Northern Assurance Co Ltd, [1925]). In the given case M was the owner of a farm and and the standing timber over the farm. He created a company of which he was the shareholder and the director as well. The timber was insured in case of aoutbreak of fire under the name of M. in case of desturuction due to the outbreak of fire, M under his own name is able to claim for the compensation from the insurer. But in the specified case he was denied of the compensation because the required insurable interest wqas absent in the matter. It was taken into consideration that M was a shareholder of the company and that a shareholder does not have the legal name to draw the benefits (Harris, Hargovan and Adams, 2009). In case of Chen v Butterfield (Chen v Butterfield, [1996]), a single person company was not extended the protection of isolated legal body due to the fact that the court found that the main purpose of the company was to avoid personal accountability and therefore it was nothing more than a sham. In case of Permanenet Mortgages Pty Ltd v Sibylle Ulrike Macfayden (Permanent Mortgages Pty Limited v Sibylle Ulrike MacFadyen, [2012]) of Australia, the Supreme Court of new south wales found that where the company was formed with the inflated credit picture, such a company can be inferred as sham company and is not liable to be given validity under any circumstances. In case of Pilmer v Duke Group Ltd ) (Pilmer v Duke Group Ltd (In Liq), [2001]), it was considered by the high court of australia that after liquidation a company is wound up at the time of insolvency, the first person to get get the dues out of the assets are the employees, followed by the secured creditors, unsecured creditors, and at last the others. In case of any alterations, no payments is supposed to be made. In the mentioned situation Indri committed the mistake of inflating the assets of his business and forming the company. Despite of being aware of the fact that there were losses, he carried on with the bank loans and therefore it can be said that the veil of the corporate entity will be removed in the given case to have a glimpse of the real colors (Harvey, 2009). Therefore no protection can be extended to Indri and he does not have the liability to get the $90000 back. Simultaneously his injury cannot be compensated due to the fact that there is no employee protection that is extended to him. References Bank of NSW v Permanent Trustee Company of NSW Ltd[1943]HCA p.27. Barker, D. (2005).Essential Australian law. Sydney, N.S.W.: Cavendish. Chen v Butterfield[1996]NZCLC 7, p.261. Commercial Banking Company of Sydney Ltd v Love[1975]HCA p.48. Ferber, K. (2002).Corporation law. Upper Saddle River, N.J.: Prentice Hall. Fletcher, K. and Fletcher, K. (2007).The law of partnership in Australia.Pyrmont, NSW: Lawbook Co.