Essay about Aristotle’s Three Categories of Friendships

Friendships are special relationships that begin the development of social skills in each human person. Every time we open the door to form new friendships it begins with an experimental and holistic practice of philosophy and science. Whether we recognize the use of philosophy and science or not it’s being applied to shape friendships. The formation and bond of friendships has been studied for many years through science, philosophy, and theology. The point of this paper is to give the point of view and purpose of friendship according to science, philosophy, and theology and how it is applied to our everyday life. For years the formation of friendship has been evaluated through the eyes of psychology on how friendships actual form. There†¦show more content†¦In order for the bond to last for a lifetime, self-disclosure and supportiveness also needs to continue. In life there are many changes that can cause a true friendship to go wary such as marriage, divorce, birth of children, new careers, and sickness. However, through each of those events the two must remember to keep the intimacy, the letting down of emotional barriers and the expression of innermost thoughts and feelings, â€Å"that which makes friendships thrive must be an enjoyable one† and to â€Å"always interact† (Karbo 3). Although psychologists continue to research the formation of friendships the great philosopher Aristotle knew exactly how friendships formed and how the lasted. In the book Aristotle and the Philosophy of Friendship, (based off the Nicomachean Ethics) the author, Pangle, informed the audience that Aristotle believe in three different types of friendships based off three different types of motives: Friendships of Utility, Friendships of Pleasure, and Perfect Friendship. He identifies these types of friendships as different types of sources of affection that are lovable as the good, the pleasant, and the useful. Before analyzing Aristotle three types o f friendships we must first understand what he meant by friendship. During Aristotle’s rein friendship was commonly known as the love one person had for another. Philia, brotherly love, was essentialShow MoreRelatedEssay Aristotle On Friendship1333 Words   |  6 Pagesof the virtues that he examines more extensively is friendship. Aristotle believes that there are three different kinds of friendship: utility, pleasure, and virtuous friendships. He also argues that a real friendship should be highly valued because it is a complete virtue and he believes it to be greater than honor and justice. Aristotle suggests that human’s love of utility and pleasure is the only reason why the first two types of friendships exist. Aristotle also argues that humans only setRead MoreAristotle s Theory Of Friendship1415 Words   |  6 Pagesunderstood this, he even had his own analysis of friendship. In the Nicomachean Ethics written by Aristotle, books VIII and IX are based off o f friendship. Today, the definition of a friend is, â€Å"A person with whom one has a bond of mutual affection, typically one exclusive of sexual or family relations (Oxford Dictionary).† To Aristotle, friendship is much more than this. In this research paper, I will evaluate whether or not Aristotle’s analysis of friendship is applicable to the modern world. AristotleRead MoreAristotle on Friendship Essay1134 Words   |  5 PagesAristotle on Friendship We are social creatures. We surround ourselves with other human beings, our friends. It is in our nature. We are constantly trying to broaden the circumference of our circle of friends. Aristotle understood the importance of friendship, books VIII and IX of the Nicomachean Ethics deal solely with this topic. A modern day definition of a friend can be defined as â€Å"one joined to another in intimacy and mutual benevolence independently of sexual or family love†. (OxfordRead MoreEssay Aristotelian’s Normative Concept of Friendship1475 Words   |  6 PagesIn Books VIII and IX of Aristotle’s Nicomachean Ethics, the normative concept of friendship is precisely defined and separated into various categories of which Socrates’ and Alcibiades’ relationship can be ascribed to. To achieve this endeavor, one will need to understand Aristotle’s notion of perfect friendship based on reciprocal goodwill and virtue, and imperfect friendship based o n utility and pleasure. By applying these evaluative aspects according to Socrates’ and Alcibiades’ characteristicsRead MoreAristotle s Book Viii By Setting Some Ground Work On Friendship1198 Words   |  5 Pagesbegins book VIII by setting some ground work on friendship. Aristotle explains that friendship is something that is â€Å" indispensable for life.† Not one person chooses to not have friends, therefore, it something that involves everyone. He later goes in depth on the fact that there are three categories of friendship: useful, pleasure, and goodness. Useful friendship is when each individual has a benefit from the other. In the case of pleasure friendship, each person in the relationship are drawn to theRead MoreAristotle Living a Human Life/Human Nature1638 Words   |  7 PagesAristotle Ââ€" Living a human life/human nature Aristotle was a man of philosophy, science, and mathematics. He used these three tools to explain what he thought the purpose of being a human being was, and just what being a human being entailed. To describe what a human being was, he came up with many theories, which involved friendship, happiness, and human nature. He also believed that not everyone was a perfect human, meaning, there were things an individual must do throughout his or her lifeRead MoreAristotle Was An Ancient Greek Philosopher Who Was Gifted1588 Words   |  7 Pageswho was gifted in many areas of education but among his educational resume perhaps his biggest impact was his writing in philosophy. His writings today have been embedded in the way we think today and make us think of our telos as human beings. Aristotle’s views on how to obtain true happiness is through virtue, he claims every living thing aims at good. The problem with this is that we as human beings accept the good life of another but not of a human being. The practice of philosophy that setsRead MorePositve Psychology and Aristotles Virtue Ethics Converge Essay1569 Words   |  7 Pagespsychology borrows principles and tenets of philosophies, which preceded its formal conception. The purpose of this paper is to compare and contrast virtue, character strengths, relationships, and happiness as presented by positive psychology with Aristotle’s virtue ethics theory. Positive psychology utilizes five pillars in order to flourish, achieve fulfillment, and satisfaction in life: Positive emotion, engagement, relationships, meaning, and accomplishment (PERMA). The five mainstays of positiveRead MoreAristotle Theory Of The Good Life1424 Words   |  6 Pages Aristotles Theory of Happiness and the Good Life Aristotle is one of the greatest thinkers in the history of western philosophy, and is most notably known for expressing his view of happiness in Nicomachean Ethics. Aristotle develops a theory of how to live the good life and reach eudaimonia (happiness). Eudaimonia has been translated into, living a happy and virtuous life. Aristotle’s definition of the good life as the happy life, consist of balancing virtues (arà ªte), the mean, external goodsRead MoreAristotle s Theory Of Virtue Ethics2060 Words   |  9 PagesWhy does Aristotle think friendship is a good? Is he right? Aristotle outlined a guide to ethics that sought, first and foremost, a degree of applicability that does not falter in its representations of humankind. Perhaps this is the reason that Aristotle plays close attention to one of humankinds most treasured and hard-wearing concepts - friendship. It would be fair to say that friendship has cemented a position as one of the most fundamental constituents that contribute to the phenomenon of daily

Health and Poverty in FIlipinos - 1235 Words

â€Å"Lack of money means lack of food and lack of food can lead to malnutrition.† (World Health Organization) According to the World Health Organization (WHO), â€Å"Poverty is the main cause of malnutrition because people are not able to eat the right kind of food they need.† Poverty and malnutrition have always had a link especially in the Philippines. A recent report from the Social Weather Stations (SWS) revealed that 52% of Filipinos consider themselves to be poor and 41% of Filipino families consider themselves food poor. It was also reported that the Food Poverty Threshold (FTP) the survey correspondents set is at an average of Php 4,750. According to the SWS, the FTP is the â€Å"monthly food budget that food-poor households need in home expenses in order not to consider themselves food-poor†. The FTP somehow serves as a â€Å"poverty line† in terms of food and a higher value means a higher standard of living as well. To some Filipinos Php 4,750 is a seemingly insignificant amount. But how about those Filipinos whose money is below the FTP, those people who are b arely able to meet the international poverty line of $1.25, roughly Php 56, a day (World Bank)? Are they still able to meet the basic food requirements? In a different report, the SWS stated that approximately 4.31 million Filipino families are experiencing moderate to severe hunger. Malnutrition, generally, can cause several nutritional disorders to arise, depending on the under- or over-abundance of nutrients in one’sShow MoreRelatedStudy About Ofw1697 Words   |  7 PagesHe stated that some 18.05 per cent of all Filipino households received cash from abroad in the year 2000, and this rose to 20.72 per cent in 2003 and then to 23.3 per cent in 2006. From the data, the author observed that more families of OFWs were spending less on food and more on health, with the percentage share of expenditures of migrant households on food down slightly from 44.9 per cent in 2000 to 43.3 per cent in 2006, while expenditures on health increased from 2.3 per cent in 2000 to 3 perRead MoreMalnutrition in the Philippines Essay1099 Words   |  5 Pagesresult of the country’s overwhelming poverty rates (about 27.9 percent of the pop ulace) depriving its people of food, and raging typhoons (such as Super Storm Haiyan) have only exasperated the problem (Calderon). In addition, when the country’s people do have access to food, they rarely have the necessary fruits or vegetables for a balanced diet. Through poverty, a lack of produce, and regular typhoons, malnutrition in the Philippines unleashes widespread health endangerments that range from blindnessRead MorePoverty Affects Quality Of Life, Well Being, And Health1255 Words   |  6 PagesPoverty negatively impacts quality of life, well-being, and health. In 2015, it was estimated that 21.6% of the Philippine population was in poverty (Philippine Statistics Authority, 2016). 8.1% were facing extreme poverty and were below the minimum income required to meet basic food needs (Philippine Statistics Authority, 2016). Most of the poor in the Philippines live in rural areas and work in the agriculture sector, mainly farming and fishing (Dy-Liacco, 2014). The poorest families often haveRead MoreThe Development Of The Philippines1419 Words   |  6 Pagesof China, Indonesia, Thailand and Vietnam both economically and in public education for the past four decades. With its economy being characterized by boom-bust cycles and episodes of moderate economic growth little has helped to alleviate the poverty. Poverty among households has increased from 24.4% to 26.9% between the years of 2003 and 2006. With the increase in poor families being from 4 million for 4.7 million the same years; poor people increasing from 23.8 million to 27.6 million as well. AccordingRead MoreA Reaction: Mga Munting Tinig645 Words   |  3 Pagesnever be plucked from his roses -Ellen Key, Swedish reformer and educationalist The realities that besiege Philippine society nowadays greatly affect Filipinos, men, women, young and old. Children are at high risk of suffering the enormous effects of poverty, illiteracy, poor health and insurgency to name a few, effects which could corrupt their hearts and minds, and rob them of their childhood and future. At a young age, children do not have the grasp of understandingRead MoreCorporate Social Responsibility in the Philippines1221 Words   |  5 PagesGlobal Financial crisis pushed more Filipino families into poverty. Thus in year 2000 onwards, pushed by new challenges such as increasingly critical consumers of products and services who demand more from the companies that produce them. Companies are now being scrutinized as never before and they are made to measure up to standards of environmental sustainability, ethical behavior and governance structures. Questions arise on what else they can do to make poverty history given their access to talentRead MoreEssay on Unemployment and Migration in the Philippines1634 Words   |  7 PagesLabor migration has created jobs for millions of Filipinos; however its success shadows its real cause. Unemployment in itself alone has many diminishing factors for growth and development. The cycle of problems of the country continues to grow which include migration, unemployment, poverty, and underemployment. This paper will aim to illustrate the effects of international migration due to unemployment status. The issue of high unemployment is a great factor in the development of the country andRead MoreEconomic Problem in the Philippines1582 Words   |  7 Pagesit was markedly slower in comparison to other South-East Asian neighbors. Economic performance figures indicated a contraction in exports and a drop in FDI. Though the remittances from overseas Filipinos to the country grew in the first ten months of 2011, however the compensation that overseas Filipinos received actually fell, in peso terms, due to an appreciating peso. In 2011 the Aquino administration sought a FTA (Free Trade Agreement) with the EU and join the Trans-Pacific PartnershipRead MoreImpact of John Stuart Mill’s Philosophies on Philippines’ Society, Politics and Economy1093 Words   |  5 Pagesculture that Mill believes to be the best for achieving intellectual and social development. Every Filipino citizen is sovereign and free to do what he wants as long as he does not harm others. Mill’s proposed ways to obtain ‘social liberty’, which are having the political liberties (rights) and having the constitutional system are being exercised on the country. Freedom of speech is one Filipino right stated in the 1987 Philippine Constitution. Mill advocates freedom of speech in his work On Liberty  andRead MoreThe Issue Of Abortion On The Philippines Essay1620 Words   |  7 Pagesprostitution, sexual assault and ignorance of how pregnancy works are a few ways. This lack of knowledge is caused by the poor excuse of sexual education in the Philippines. According to a study by the National Demographic and Health in the Philippines, one in ten young Filipino women between the ages of 15 and 19 were either mothers or pregnant (Recide, 2014) Due to the religious influence on the people of the Philippines, their opinions on abortion lean toward pro-life despite the advantages that

Deception Point Page 111 Free Essays

Rachel blushed, her skin tingling. â€Å"Thanks.† The agent led Rachel down the impeccably appointed hallway to a plain-looking doorway nearby. We will write a custom essay sample on Deception Point Page 111 or any similar topic only for you Order Now â€Å"The Lincoln Bedroom,† the agent said. â€Å"And as I am always supposed to say outside this door, ‘Sleep well, and beware of ghosts.'† Rachel nodded. The legends of ghosts in the Lincoln Bedroom were as old as the White House itself. It was said that Winston Churchill had seen Lincoln’s ghost here, as had countless others, including Eleanor Roosevelt, Amy Carter, actor Richard Dreyfuss, and decades of maids and butlers. President Reagan’s dog was said to bark outside this door for hours at a time. The thoughts of historical spirits suddenly made Rachel realize what a sacred place this room was. She felt suddenly embarrassed, standing there in her long football jersey, bare-legged, like some college coed sneaking into a boy’s room. â€Å"Is this kosher?† she whispered to the agent. â€Å"I mean this is the Lincoln Bedroom.† The agent winked. â€Å"Our policy on this floor is ‘Don’t ask, don’t tell.'† Rachel smiled. â€Å"Thanks.† She reached for the door-knob, already feeling the anticipation of what lay beyond. â€Å"Rachel!† The nasal voice carried down the hallway like a buzz saw. Rachel and the agent turned. Corky Marlinson was hobbling toward them on crutches, his leg now professionally bandaged. â€Å"I couldn’t sleep either!† Rachel slumped, sensing her romantic tryst about to disintegrate. Corky’s eyes inspected the cute Secret Service agent. He flashed her a broad smile. â€Å"I love women in uniform.† The agent pulled aside her blazer to reveal a lethal-looking sidearm. Corky backed off. â€Å"Point taken.† He turned to Rachel. â€Å"Is Mike awake, too? You going in?† Corky looked eager to join the party. Rachel groaned. â€Å"Actually, Corky†¦ â€Å" â€Å"Dr. Marlinson,† the Secret Service agent intervened, pulling a note from her blazer. â€Å"According to this note, which was given to me by Mr. Tolland, I have explicit orders to escort you down to the kitchen, have our chef make you anything you want, and ask you to explain to me in vivid detail how you saved yourself from certain death by†¦ † the agent hesitated, grimacing as she read the note again. â€Å"†¦ by urinating on yourself?† Apparently, the agent had said the magic words. Corky dropped his crutches on the spot and put an arm around the woman’s shoulders for support, and said, â€Å"To the kitchen, love!† As the indisposed agent helped Corky hobble off down the hall, Rachel had no doubt Corky Marlinson was in heaven. â€Å"The urine is the key,† she heard him saying, â€Å"because those damned telencephalon olfactory lobes can smell everything!† The Lincoln Bedroom was dark when Rachel entered. She was surprised to see the bed empty and untouched. Michael Tolland was nowhere to be seen. An antique oil lamp burned near the bed, and in the soft radiance, she could barely make out the Brussels carpet†¦ the famous carved rosewood bed†¦ the portrait of Lincoln’s wife, Mary Todd†¦ even the desk where Lincoln signed the Emancipation Proclamation. As Rachel closed the door behind her, she felt a clammy draft on her bare legs. Where is he? Across the room, a window was open, the white organza curtains billowing. She walked over to close the window, and an eerie whisper murmured from the closet. â€Å"Maaaarrrrrrrry†¦ â€Å" Rachel wheeled. â€Å"Maaaaaarrrrrrrry?† the voice whispered again. â€Å"Is that you?†¦ Mary Todd Liiiiiincoln?† Rachel quickly closed the window and turned back toward the closet. Her heart was racing, although she knew it was foolish. â€Å"Mike, I know that’s you.† â€Å"Noooooo†¦ † the voice continued. â€Å"I am not Mike†¦ I am†¦ Aaaaabe.† Rachel put her hands on her hips. â€Å"Oh, really? Honest Abe?† A muffled laugh. â€Å"Moderately honest Abe†¦ yes.† Rachel was laughing now too. â€Å"Be afraaaaaaid,† the voice from the closet moaned. â€Å"Be veeeeeery afraid.† â€Å"I’m not afraid.† â€Å"Please be afraid†¦ † the voice moaned. â€Å"In the human species, the emotions of fear and sexual arousal are closely linked.† Rachel burst out laughing. â€Å"Is this your idea of a turn-on?† â€Å"Forgiiiive me†¦ † the voice moaned. â€Å"It’s been yeeeeeeears since I’ve been with a woman.† â€Å"Evidently,† Rachel said, yanking the door open. Michael Tolland stood before her with his roguish, lopsided grin. He looked irresistible wearing a pair of navy blue satin pajamas. Rachel did a double take when she saw the presidential seal emblazoned on his chest. â€Å"Presidential pajamas?† He shrugged. â€Å"They were in the drawer.† â€Å"And all I had was this football jersey?† â€Å"You should have chosen the Lincoln Bedroom.† â€Å"You should have offered!† â€Å"I heard the mattress was bad. Antique horsehair.† Tolland winked, motioning to a gift-wrapped package on a marble-topped table. â€Å"This’ll make it up to you.† Rachel was touched. â€Å"For me?† â€Å"I had one of the presidential aides go out and find this for you. Just arrived. Don’t shake it.† She carefully opened the package, extracting the heavy contents. Inside was a large crystal bowl in which were swimming two ugly orange goldfish. Rachel stared in confused disappointment. â€Å"You’re joking, right?† â€Å"Helostoma temmincki,† Tolland said proudly. â€Å"You bought me fish?† â€Å"Rare Chinese kissing fish. Very romantic.† â€Å"Fish are not romantic, Mike.† â€Å"Tell that to these guys. They’ll kiss for hours.† â€Å"Is this supposed to be another turn-on?† â€Å"I’m rusty on the romance. Can you grade me on effort?† â€Å"For future reference, Mike, fish are definitely not a turn-on. Try flowers.† Tolland pulled a bouquet of white lilies from behind his back. â€Å"I tried for red roses,† he said, â€Å"but I almost got shot sneaking into the Rose Garden.† As Tolland pulled Rachel’s body against his and inhaled the soft fragrance of her hair, he felt years of quiet isolation dissolving inside him. He kissed her deeply, feeling her body rise against him. The white lilies fell to their feet, and barriers Tolland had never known he’d built were suddenly melting away. The ghosts are gone. He felt Rachel inching him toward the bed now, her whisper soft in his ear. â€Å"You don’t really think fish are romantic, do you?† â€Å"I do,† he said, kissing her again. â€Å"You should see the jellyfish mating ritual. Incredibly erotic.† Rachel maneuvered him onto his back on the horsehair mattress, easing her slender body down on top of his. â€Å"And seahorses†¦,† Tolland said, breathless as he savored her touch through the thin satin of his pajamas. â€Å"Seahorses perform†¦ an unbelievably sensual dance of love.† â€Å"Enough fish talk,† she whispered, unbuttoning his pajamas. â€Å"What can you tell me about the mating rituals of advanced primates?† Tolland sighed. â€Å"I’m afraid I don’t really do primates.† Rachel shed her football jersey. â€Å"Well, nature boy, I suggest you learn fast.† Epilogue The NASA transport jet banked high over the Atlantic. Onboard, Administrator Lawrence Ekstrom took a last look at the huge charred rock in the cargo hold. Back to the sea, he thought. Where they found you. On Ekstrom’s command, the pilot opened the cargo doors and released the rock. They watched as the mammoth stone plummeted downward behind the plane, arcing across the sunlit ocean sky and disappearing beneath the waves in a pillar of silver spray. How to cite Deception Point Page 111, Essay examples

Corporate Law The Corporations Act 2001

Question: Advise what are the various legal issues and causes of action that are available to the shareholders arising from the directors conduct in the above circumstances. Students should answer this question with reference to the relevant provisions of the Corporations Act 2001 and the relevant case law. Answer: Introduction The business environment comprises of the different individuals, entities and concerns and as such different rules are enacted by the legal authorities so as to augment trade and commerce. The Corporations Act 2001 is one such law enacted for dealing with companies and entities operating within Australia at federal and interstate levels. The Corporation Act is one of the prime laws governing the formation of the companies and their subsequent operation. This law also depicts the duties of the directors, officers, takeover of the companies as well as method of raising finance.[1] The paper will discuss the provisions of this Act and its applicability with the stated case study. The legal recourses available to the shareholders in respect to the directors conduct will also be discussed in the paper. Discussion Australian corporate law has its roots from the company law of UK. The source of corporation law is from the Corporations Act, 2001 that acts as a single national statute implemented by Australian Securities and Investments Commission (ASIC). The company rules as found in Australia are quite strong and can be found in other Commonwealth countries. The directors have no personal liability as a general rule since the company and the Directors are separate entities. In spite of this, the Corporations Act has stated certain conditions under which the Directors can be held liable.[2] From the case study it can be understood that there is no clear chain of command and the majority shareholders and the directors are all acting in a manner that serves their purpose without showing concern to the other shareholders. The shareholders are the actual owners of the company and the Corporations Act spells out remedies for the distressed parties in case there is a breach of interest for the alleged parties. The Corporation Act contains scope where claim can be brought against the directors and they can be relieved of their duty if the company has suffered losses as a consequence of the directors actions or the directors have amassed personal profit or certain other conditions where the shareholders believe that there have been breaches or unlawful practices.[3] This provision has been listed under the clause of derivative action contained in Pt 2F.1A within the Corporations Act. Derivative action is described as an action brought on behalf of the company and in name of the company by a person other than the company itself. This usually means the shareholder. Derivative Claim gives more power to the shareholders and empowers them with the right to protect their rights. These rights are crucial and form a layer of protection for shareholders against poor management. Being owner of the shares provides certain rights for the shareholders and the Corporation Act contains certain m echanism for redressing the grievances.[4] A derivative action is often described as a twofold action that is brought on by a shareholder so as to redress any harm. Derivative action is also described as an action used for compelling the corporation to sue it. Crux of derivative action can be described to serve two purposes: First is against the directors and the second is established upon the right of belonging to an entity. Moreover the scope of derivative action is on allowing the shareholders to evaluate and rectify the blight on the corporation as a result of wrong management. In cases of wilful misconduct by the management it is unlikely that the management will rectify the mistake by itself and thus the derivative act seeks to address the anomalies.[5] From the case study given, it may be understood that the parties related to the dispute are James Lee and Jenny Lee (holding 60% of the shares) and the directors of MTL. It may be observed that the husband and the wife along with the directors are acting on their own wit hout taking into account the interests of the other parties. There is hardly any cohesion among the different stakeholders and the directors are inclined to act on their own without consulting the other shareholders. The aim of the Corporations Act is on making sure that the various parties within a company are fairly represented and their interests are honoured thorough sound implementation of fair policies. Volume 1 under Chapter 2F deals with the rights of the members and remedies in case of a breach.[6] The derivative action is listed under this Chapter that seeks to address any conflict in interest among the members and the directors with specific remedies in the form of derivative action. Sections 236 to 242 of the Corporations Act 2001 spell out the procedures for invoking derivative action. As such the members of the MTL Ltd including Martin Lu can bring a statutory derivative action. It has been observed that most of the derivative actions have been brought on by existing s hareholders. The Corporations Act comprises of 5 volumes that have chapters from 1 to 10. These chapters deal with different intricacies that are involved in the function of a company along with the rights and responsibilities of the different members, formation and functioning of companies, merger, acquisitions and fund raising.[7] Directors regulate organisations on behalf of the shareholders. The directors have a prime role in the smooth functioning of a company and it may be opined that they have a greater onus since directors are elected by the shareholders. Some of the most important responsibilities of the directors include promoting the long-term success of the company, to take steps in conjunction with the constitution and power of the company, to exercise independent decision making and to exercise reasonable care and skill. Thus it may be observed that the prime role of the directors of a company is on undertaking decisions that promotes the best interests of the company rather than th e interests of the majority of the shareholders.[8] From the case study it may be opined that the directors of MTL have acted in a manner that benefits their own interests and ignores the responsibility of the majority of the shareholders. Among other rights bestowed upon the shareholders of a company oversight is one of the prime responsibilities and rights of a shareholder. This means that the shareholders have a right to oversee correct management of a company. Moreover they have a duty to direct the organisational management and to account for the performance of the directors. It is also the responsibility of the shareholders to ask for clarifications and to raise questions and objections to the decisions of the management in case they feel such an act is not in the best interest of the company.[9] The four instances as has been mentioned in the case study can be evaluated so as to understand the highhandedness with which the majority shareholders and the directors are conductin g the affairs of the company. From decree of the courts in the cases involving derivative action it may be seen that the focus is on ascertaining whether a derivative action is in the best interests of the company. Moreover certain other enquiries are contemplated by the courts in matter relating to the breach of rights and responsibilities within the functioning of companies.[10] These considerations include understanding whether the claim of the applicants are speculative or not, what may be the possible ramification of such litigation on the business and performance of the company, what is the relationship that exists between the applicant and other members and directors of the company and so on. One of the prime considerations in cases involving derivative action is seeking alternative way of resolving the dispute. Overall aim of the judiciary is on making sure that the various stakeholders associated with a company receive fair treatment and the ruling benefits all and sundry associate with a company. Theref ore any action arising as a result of bringing granting leave is minutely considered. Section 237 (2) (c), as such, states that the applicant needs to be given leave in the best interests of the company.[11] In Australia the best interests of a company is linked with the best interest of the group of shareholders. At times it has been also observed that the courts appoint an independent person for investigating the matters relating to inner dispute of a company and report independently to the court. Business laws have been devised keeping in mind the growth of trade and commerce and therefore they seek to instil rules that are free from personal bias and prejudice. Moreover it is also ensured that no party is following a personal agenda that harms the best interests of all the shareholders.[12] Thus it may be stated that the case of MTL Ltd needs intervention from the court for ensuring that the different parties involved in the functioning of the company get their share of the due. The company laws strictly maintain that the directors need to avoid conflict of interest stringently. Under the Corporations Act 2001, ss 191-193 the directors need to provide full disclosure in case they have an interest in a transaction. Under schedule 3 of this act criminal penalty are enlisted in case there is any non-adherence. The act of the directors to sell off the television business of MTL is in stark contrast to this principle of duties of the directors. Conclusion The paper has shed light on one of the important legislations those dfine operations of the company in Australia- the Corporation Act, 2001. This act has been evaluated with special reference to MTL Ltd. Moreover the rights and responsibilities of the directors have been analysed and it was found that the directors in MTL are acting in a manner that serve their own interest without taking into account the interests if the shareholders. Corrective provisions have also been discussed i.e. the derivative action and its applicability to MTL Ld have been analysed. From the discussion it has been concluded that the directors have a prime duty of putting the interest of the company ahead of their own interest.[14] In context to MTL Ltd this prime duty is said to be missing. The paper ends with recourses that are available to the shareholders with particular emphasis on shareholder rights and duties of the directors. Bibliography Austin R.P. Ramsay, I., Ford's Principles of Corporations Law, Butterworths, Australia, 15th edition, 2012. Baxt, R., and Fletcher, K.L., Fridman, S., Corporations and Associations Cases and Materials on, Butterworths, Australia, 10th edition, 2008. Cassidy, J. Corporations Law Text and Essential Cases. Federation Press, 4th edition Sydney 2013 Ciro T, Symes C, Corporations Law in Principle LBC Thomson Reuters, Sydney, 9th edition 2013 Fisher S, Anderson C, Dickfos, Corporations Law - Butterworths Tutorial Series, 3rd Edition Butterworths, Sydney 2009 Hanrahan, P., Ramsay I., Stapledon G., Commercial Applications of Company Law. CCH 14th edition 2013 Harris, J. Butterworths Questions and Answers Corporations Law:, LexisNexis, 4th Edition Sydney 2013. Harris, J. Corporations Law, LexisNexis Study Guide 2014 Harris, J. Hargovan, A. Adams, M. Australian Corporate Law LexisNexis Butterworths 5th edition, 2015. Latimer, P, Australian Business Law CC, 2016 Edition. Li, G, Riley, S. Applied Corporate Law: A Bilingual Approach LexisNexis 1st Edition 2009. Parker, Clarke, Veljanovski, Posthouwer, Corporate Law, Palgrave 1st edition 2012 Redmond, P., Companies and Securities Law - Commentary and Materials, Law Book Co., Sydney, 5th, 2009. Vermeesch,R B, Lindgren, K E, Business Law of Australia Butterworths, 12th Edition, 2011. [1] Harris, J. Hargovan, A. Adams, M. Australian Corporate Law LexisNexis Butterworths 5th edition, 2015. [2] Austin R.P. Ramsay, I., Ford's Principles of Corporations Law, Butterworths, Australia, 15th edition, 2012. [3] Baxt, R., and Fletcher, K.L., Fridman, S., Corporations and Associations Cases and Materials on, Butterworths, Australia, 10th edition, 2008 [4] Parker, Clarke, Veljanovski, Posthouwer, Corporate Law, Palgrave 1st edition 2012 [5] Hanrahan, P., Ramsay I., Stapledon G., Commercial Applications of Company Law. CCH 14th edition 2013 [6] Redmond, P., Companies and Securities Law - Commentary and Materials, Law Book Co., Sydney, 5th, 2009 [7] Ciro T, Symes C, Corporations Law in Principle LBC Thomson Reuters, Sydney, 9th edition 2013 [8] Li, G, Riley, S. Applied Corporate Law: A Bilingual Approach LexisNexis 1st Edition 2009. [9] Cassidy, J. Corporations Law Text and Essential Cases. Federation Press, 4th edition Sydney 2013 [10] Harris, J. Corporations Law, LexisNexis Study Guide 2014 [11] Harris, J. Butterworths Questions and Answers Corporations Law:, LexisNexis, 4th Edition Sydney 2013 [12] Fisher S, Anderson C, Dickfos, Corporations Law - Butterworths Tutorial Series, 3rd Edition Butterworths, Sydney 2009 [13] Latimer, P, Australian Business Law CC, 2016 Edition. [14] Vermeesch,R B, Lindgren, K E, Business Law of Australia Butterworths, 12th Edition, 2011.