Aerospace & High Technology Database
Duomenų bazė / Database
Aerospace & High Technology Database
Now showing 1 - 10 of 13
- At all times the majority of directors, which desired to properly perform and develop activities on behalf of a company in a competitive market, were raising relevant questions on how to control a company aiming to guarantee and ensure its financial viability and competitiveness, what is the line between the freedom of decision-making and personal liability therefore, are the directors equally as the shareholders protected under the limited liability doctrine? The prevailing opinion is that principle of limited liability protects shareholders and only shareholders from liability. Therefore, in this study the authors explore this premise from the perspective of the doctrinal implications of immunising directors from personal liability for their actions, when managing company’s affairs. The authors’ principal conclusions are that the limited liability doctrine should be applied not only to the shareholders, but also in respect of the directors. Such legal protection from the liability could be withdrawn, when a director commits illegal acts that cause damages to a company or to creditors thereof. In respect of creditors the liability of such director shall still be considered subsidiary, whereas a direct liability of the director may only arise against a company until its liquidation and only after the completion of liquidation proceedings – against the creditors whose claims remained unsatisfied.
- The consequences of emigration of health professionals in Lithuania are perceived rather negatively. Emigration of Lithuanian health professionals is seen as a loss of investments made in the process of preparing healthcare personnel. Medical or healthcare related studies are expensive and they are offered to Lithuanian citizens for free, whereas the skills and knowledge passed to students may be used in other countries, where work opportunities are much better than in Lithuania. However, the economic reason still prevails. Health professionals want to work and get such remuneration for their work that will allow them to live on a quite good level. Salary of our physicians is not low, but keeping in mind, that physician’s work is very hard, responsible, requiring permanent training and skills development, the salary should be yet higher. In other countries the medical professions are respected, have higher position in the hierarchy of respected professions. Emigration of health professionals has been an object of much policy discussion in the global context for many years, however, in Lithuania it is a new phenomenon.
The concept of contracting authority under public procurement law and problems of acquisition of such status in national law of the Republic of LithuaniaPublicationOver 7,500 entities having status of contracting authority operate in the Republic of Lithuania. The status of contracting authority binds the body to buy goods, services and works necessary to carry on its functions, following the Law on Public Procurement of the Republic of Lithuania, which has been harmonised with the requirements of the European Union legislation. For the organisation, the status leads to a significant additional administrative burden and difficulties in arrangement of activity, therefore designation of the contracting authority's criteria and application procedures thereof must be clear and unambiguous. Practice, however, raises a number of questions regarding acquisition of the status, which indicates a lack of efficacy of existing assignment procedure. In this Article, while analysing the legal provisions governing the issues of contracting authority’s status acquisition and loss, the concept of the contracting authority is being purified as well as ways to solve the most common problems arising in the practice of body’s inclusion into the list of contracting authorities are being identified.
- The bankrupts and financial crisis of large-sized companies, which took place in Eastern Asia, USA, Europe and Australia between the middle of XX and beginning of the XXI centuries, stimulated to take a deeper look into the legal status of the members of the companies’ management bodies, because one of the main reasons which determined the bankrupts and financial crisis all over the world was bad faith, improper performance of duties and negligence of the members of the companies’ management bodies. Unfortunately, neither Lithuanian legal acts, nor case law, nor legal doctrine provide with clear understanding what is and should be attributed to the category of the companies’ management bodies. This implies the uncertainty problem regarding the persons to be applied by the liability standard of management body members. Therefore, the purpose of this study is to determine the types of companies’ management bodies under Lithuanian law. This objective will be reached by the analysis of the concept of the management body, presenting the corporate governance systems dominating over the world and identifying the content as well as the nature of management function performed by the management bodies. The research has shown that the management function comprises three functions, i.e. direction, representation and control; therefore, board of directors, supervisory council and the head of a company are deemed to be part of a category of management bodies.
Entrepreneurship education of a holistically comprehended personality as an assumption influencing life qualityPublicationPurpose - The article presents an original authors‘view to the comprehension of a holistically comprehended essence of an entire personality. In addition, article reviews wide scientific literature, EU and Lithuanian governmental documents, programs accepted in the educational community, problematic of youth entrepreneurship education. The goal of the article is to define the entrepreneurship education of such personality which would be an essential assumption, having influence for better life quality. Design/methodology/approach - analyses of the scientific literature. Findings and originality – The scientific problem formed is based on an interdisciplinary thinking (philosophy, management, education, psychology). Scientific novelty emerges in the presented value-concenptions of a personality, coherence of person‘s entrepreneurship and life quality. The interrelationship between the mathematization of science and the idea of universal formal language of sciencePublicationresearch articleEuropean scientific journal. Kočani : European Scientific Institute, 2014, vol. 10, no. 12., p. 442-452The paper analyses the development of theoretical thought producing the idea of the language of mathematics as a universal formal scientific language and consolidating it in the Early Modern epistemological analysis of language. The mathematical reflection of the world as well as the critical approach to the natural language with regard to its suitability for the purposes of cognition highlighted the cognitive significance of signs and the way of their application. That directed the philosophers‘ efforts towards the search for the proper language of science. The paper reveals how, reflecting mathematics not only as an instrument of knowledge acquisition and its organization model, but also as language, the mastering of which determines the possibilities of the study of nature, formalistic investigations of language raising the problem of the epistemological possibilities of the language of science, becomes dominating in the Modern philosophy. Social work students` experiences in “self” and professional “self” awareness by using the art therapy methodPublicationresearch articleEuropean scientific journal. Kočani : European Scientific Institute, 2014, vol. 10, no. 5., p. 12-23This article analyzes social work students` experiences in “self” and professional “self” awareness by using the art therapy method. The article presents results from a qualitative research study involving six the first-year full-time social work students from university who practiced the art therapy method in the process of the studies. The research revealed the benefit of art therapy method for social work students at the level of personal “self” awareness and at the level of professional “self” awareness. The art therapy method is useful at the level of personal “self” awareness, since it allows social work students to recognize the strengths and weaknesses of personal “self”. At the level of professional “self” awareness the art therapy method is useful in the process of social work studies, because it helps students to understand their professional identity, identify the benefit of acquired professional skills and professional skills that need to be improved through empathic, reflective and transformative learning experience.
- The purpose of the article is to assess the existence of dependence between commercial banks activity and macroeconomic indicators in Lithuania. Methods used: correlation and regression analysis of Baltic States commercial banks dependent variables (net profit, return of assets (ROA), return of equity (ROE), net interest margin (NIM) and independent country‘s macroeconomic indicators (GDP growth, foreign direct investment, average monthly gross salary, foreign trade balance, state budget, government debt, inflation and unemployment rate). Equations of correlation and regression analysis can be useful tool for planning a follow-up of commercial banks activities in Baltic States in short-term period. Correlation regression analysis was completed 4 times with 4 different dependent variables of Baltic States commercial banks. It was found out that the activities of Baltic States commercial banks dependence on macroeconomic indicators during investigated period differs.
Problems inherent in the abstract nature of general distribution rule of the burden of proof in civil proceedingsPublicationThe burden of proof in civil proceedings is distributed between the parties following the general distribution rule of the burden of proof, meaning that each party has to prove the circumstances constituting the basis for its claim and objections. Such an abstract content of the distribution of the burden of proof, however, does not always reveal the answer to the question who carries the burden of proof. The impression can, therefore, be created that following the distribution rule for the burden of proof under discussion, each party has to prove the presence or absence of a fact. If we assumed, however, that substantiation of the same fact is a commitment of each opposing party, it would remain unclear who would have to bear the negative procedural legal consequences of failure to comply with or improper compliance with the burden of proof. Therefore, it is necessary to detail the general distribution rule of the burden of proof by identifying objective criteria to be invoked in deciding the issue of distribution of the burden of proof. Preparation of Lithuanian police officersPublicationThe article strives to disclose the higher police education at the Faculty of Public Security Mykolas Romeris University in Lithuania. The trends and developments in higher police education in Lithuania have generally confirmed the principal challenges identified in the Bologna Declaration – standardizes and integrates the Lithuanian education in the European Higher Education Area. Higher education can best assist police, in their great social work, by working with them to design, develop, deliver and evaluate full-fledged philosophies of police education. On this basis, all university programs have a strong focus on basic skills education. In management education in particular, this relies on the development, or at least the articulation, of normative and interrelated models of society and its police, and on the identification of empirically justifiable dispositions for practice and methods for teaching. This paper is part of a larger study into university education for police managers and presents the preliminary findings of the study.