The vice president along with general manager of Oakville Hydro has presented a request for funds on behalf of Oakville Hydro's wholly owned subsidiary company, El-Con Construction Inc. (El-Con) to Oakville Hydro's chief executive officer (CEO). El Con was requesting to cover its working for a hydrovac truck and $50,000 $450,000 capital requirements.
The CEO was satisfied with the recent presentation of El Con but speculated whether allowing the loan was in Oakville Hydro's best interest. A proposition for this particular sum of finance would necessitate approval from Oakville Hydro's board of directors, and the CEO must decide whether to urge the loan to the board.
PUBLICATION DATE: February 02, 2012 PRODUCT #: W11657-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
Dows Bid For Rohm And Haas
Arthur Andersen (C): The Collapse of Arthur Andersen
Danfoss Motion Controls And Holip (A) (Abridged)
Desso (B): Making It Happen—The Implementation Of A C2C Business Model
Do Star Performers Need To Network? (B): Re-Entry & Visibility: Bénédicte Foucart
Dr. Reddy’s: Medicine Is For People, Profits Follow
Elephant Dung And The Bioethanol Goldrush (B)
A Chronology of Integrated Reporting
National Electric Corp.
Maschinenbau Arrau AG (A)
