User Account

All Pages

What is the process of voluntary administration

Assignment Help Management Theories
Reference no: EM132187103 , Length: word count:2000

Topic:
4th Estate Media Ltd operates a free-to-air television station in Australia (Channel 3) as well as a lifestyle Magazine aimed at the female 35-55 demographic (Woman of the World).

The shareholding for the company consists of:
• Biku Pty Ltd 19% - this company is an investment vehicle for wealthy entrepreneur, Mike Bickly.
• Illya Pty Ltd 25% - this company is an investment vehicle for wealthy entrepreneur, Simon Stable.
• Carey Pty Ltd 5% - this company is an investment vehicle for wealthy entrepreneur, Dirk Carey, a childhood friend of Simon Stable.
• The rest of the shares are held by hundreds of individual shareholders, who in the main, hold the shares as part of their retirement savings.

4th Estate Media Ltd has been profitable since it was established in the early 1990s and purchased Channel 3.

Channel 3 is the ‘Youth' network of Australian television and its ratings are highest when it broadcasts shows aimed at the 25-29 demographic. Sometimes its programs are risqué which causes controversy, but results in higher ratings.

The company's banker is Large Bank Ltd. Current exposure is $250m.

There are only 5 directors on the Board of 4th Estate Media Ltd. They are Mike Bickly, Simon Stable, CEO Daisy Prim, Independent Chairman FlemWorsely and media specialist Caddy Isely, who has never been employed by 4th Estate Media Ltd.

Sometime in 2016, the Board made a disastrous decision to try and change its programming format. Viewers fled the network in droves. Advertising revenues fell sharply. A cost-cutting exercise was launched at Channel 3 and the magazine but the company started to lose money.

The Board discussed Mike and Simon injecting more money into the company until a new strategy could be put in place to rescue the company. They refused. The Board decided to put the company into voluntary administration and Mark Menthol and James Corporal were appointed administrators.

Questions:

1. What is voluntary administration? What is the process for appointing a voluntary administrator?

2. What is the process of voluntary administration?

3. If you were the administrators, how would you go about putting together a DOCA proposal for this company?

4. Sometimes, directors appoint a voluntary administration to avoid insolvent trading. What is insolvent trading and explain how a person can be held civilly or criminally liable for insolvent trading?

5. What is the position of the Bank when an administrator is appointed?

6. 4th Estate Media Ltd is a listed public company. Does the composition of the Board conform to ASX corporate governance guidelines?

7. Do the minority shareholders have any say during the voluntary administration process? Do you think this is fair? Why or why not?
An overall mark out of 20 will be provided based on the criteria. Separate marks are not allocated to each question.

Reference no: EM132187103

Questions Cloud

Calculate the data rate required for robot : MITS5003 Wireless Networks and Communication Assignment, Victorian Institute of Technology, Australia. Calculate the data rate required for robot
Which can lead to three-pronged advancement : The strategic goal is to help Maruti improve its skilled work force which can lead to a three-pronged advancement.
Create unadjusted trial balance from the ledger : Create unadjusted trial balance from the ledger. Prepare closing entries, remembering to close Income summary to Retained earnings.
Should the ciso be assessing hr policies : Should the CISO (Iris) be assessing HR policies? Why or why not?
What is the process of voluntary administration : BULAW2611 Organisations Law - What is voluntary administration? What is the process for appointing a voluntary administrator
Develop a project network consisting that should be done : Develop a project network consisting of at least 20 steps that should be done to complete the project.
Concept-design-optimize-verify is the oxygen : Concept-Design-Optimize-Verify (CDOV) is the oxygen that enables the enterprise to survive and thrive.
Computer network technologies : Consider the scenario shown in the Figure below, in which there are four wireless nodes, A, B, C, and D. The radio coverage of the four nodes is shown
What price you will charge the business owner : Prepare calculations to determine what price you will charge the business owner for the entire project (Tab 1). After presenting the bid to the business owner.

Reviews

len2187103

12/6/2018 1:48:30 AM

Lecturer/tutor will return marked assignment with written comments included. Marked assignments will be returned within 3 weeks of submission. Marking guide: Research Evidence of independent research Research is relevant to the topic 7 Analysis Student understands the topic Students presents different points of view (if applicable) Student displays critical thinking where required Presentation of well-constructed argument 8 Presentation Proper citation in footnotes and a bibliography Clear expression used throughout the essay The essay is well structured The use of headings and sub-headings is acceptable 5 Total marks 20

len2187103

12/6/2018 1:48:24 AM

This assignment consists of a series of question relevant to corporate governance (Topic E) Due Friday 11.00 pm, Week 9 Maximum 2000 words Worth 20 marks (20% of the final grade) Students will be required to conduct independent research, to understand and analyse the law and to structure an argument in relation to a particular aspect of the law. Students should keep a copy of any assignment they submit for marking.

Write a Review

Management Theories Questions & Answers

  Describe the major third-party payers

Describe the major third-party payers and the characteristics of managed care organizations. In your descriptions, consider how coding impacts reimbursement

  What is the reason for the unauthorized entry requirement

How did the Court arrive at the conclusion that Barry Jewell burglarized his own home? What's the reason for the "unauthorized entry" requirement?

  Discuss the workforce diversity

HRMD 651 Of the trends (e.g. technology, workforce diversity, big data, mobile learning, etc.), which two or three do you think will influence.

  What is rfid and how it help large retailer track inventory

How does Wi-Fi work?- What are GIS, GPS, and LBS? How are businesses using these applications to compete?-  What is RFID and how could it help a large retailer track inventory?

  Potential disadvantages of group working might be addressed.

With reference to either 'social loafing' or 'group-think', discuss how groups in the workplace can be a source of negative synergy. Identify and discuss two ways in which such potential disadvantages of group working might be addressed.

  Analysis should not simply restate the facts of the case

Your case analysis should not simply restate the facts of the case; they should take your understanding of the case to a higher level. Demonstration of a high level of understanding requires application of the various concepts and models as pr..

  Develop a checklist for quality improvement

The Kaizen strategy can be used for an ongoing improvement process and to evaluate total quality control and make strategic management improvements. Develop a checklist for quality improvement that relates specifically to security

  Create a stacked bar chart that shows the total cost

develop a data-flow diagram of one of its main processes and an entity-relationship diagram showing the data within the scope of the system.

  The idea of visual scheduling

One of the hardest things for schedulers to accept is the idea of visual scheduling, which iscommonly referred to as Kanban scheduling. All of the schedulers earned degrees or have extensive experience in operations management and are used to termino..

  Contrast the advantages and disadvantages on

contrast the advantages and disadvantages on just-in-learning.evaluate whether or not this is a valid and worthwhile

  Calculate the sustainable growth rate for the company

Determine whether the company was a generator of cash or a user of cash for the 2013-2016 period, and whether it is expected to be a generator of cash.

  Influence of culture changes the approach to decision

The influence of culture changes the approach to decision making. Give examples of how different cultures approach decision makingYour response should be at least 200 words in length. You are required to use at least your textbook as source material ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd