Analyzing Annual Reports of Two Canadian Banks to Determine Career and Essay

Analyzing Annual Reports of Two Canadian Banks to Determine Career and Investment Opportunities - Essay Example Basically, the companies are managed by directors on behalf of the shareholders and therefore have to be accountable to them. The annual report is a tool of communication by the directors and senior management to their shareholders explaining their business strategy of the previous year and explains their performance and also provides their vision for the company for the long term. It gives the shareholders the basis to critique and evaluate the effectiveness of their directors and also give input on what they expect from them. The annual report would also help to promote the agenda of the stakeholders internal, connected or external in a manner that would result in a win - win scenario. The two banks were selected randomly because they are among the largest financial institutions in Canada and have a long history of above average performance. They are therefore expected to have proper business models and offer an excellent career opportunity. Objectives In this analysis of the annual reports of TD and CIBC the writer is attempting to compare the two banks as investments and career opportunities. To begin with when an evaluation of the suitability of a bank as an investment opportunity there basic criteria include the profitability growth, level of liquidity and the capital structure of the company. The valuation of the company’s share and the performance in the stock market is also an indicator of the confidence the market has on the company. If a company has good profit history, a stable dividend growth policy and well managed working capital to ensure there are no liquidity problems would be the most attractive as an investment.

Rights of Management Essay Example | Topics and Well Written Essays - 500 words

Rights of Management - Essay Example own as The Labor Management Relation Act Of 1947 is law that marked a radical change in the federal regulation of industrial relations (Carper et al, 2008). This change was created after a vast number of large scale strikes were held to an extent of nearly disabling the steel, automobile and packing industries among others in the United States. These work mayhems severely affected the economy leading to panic from public. This act, which was an adjustment to the Wagner Act of 1935, was made to benefit all the parties that were involved in the labor agreement as the employees, employers and the labor union (Beik, 2005). Its passage of 1947 added new necessities to the former ‘which meant that its actual meaning would now depend upon the interpretation by the National Labor Relations Board, as well as, the courts’. Taft –Hartley Act placed restrictions on unions that were already imposed on the employer which dictated that it was unlawful to contain workers who wanted to exercise their rights for self organization. (Dubinsky, 1994). Moreover, secondary strikes, boycotts and sympathy strikes especially those that were intended to influence employers, as opposed to those that the Union had contract with. Its first amendment entailed right to free speech that had been severely limited by the former laws, giving chances to employers to air their ideas on unionization only if the ideas are not incisive with threats or promises to employees. It also restricted the liability of employers based on managers’ actions to those who would be considered as a section of supervisors’ official duty. Additionally, the Act allowed states to enact right to work laws which illegalized the setting of union membership as employment condition although some states chose it while others bargained f or changes to avoid conflict of interest. According to Carper, et al. 2008, the Act made recommendation for the contract of labor to on either sides to bargain in good faith on the