Freelancers Respond to Monetary Incentives Samples for Students

Questions: 1.Provide a broad overview of Freelancer Ltd and Identify and Discuss the rights, roles and responsibilities of Freelancer's Shareholders. 2.Explain why these rules are in place and how they contribute to an Efficient Stock Exchange, support the Interests of listed Entities, maintain Investor Protection and Impact will these have on the liquidity Management of the firm and firm value? 3. Within the Context of the ASX, Explain why there is a requirement and need for Continuous Reporting. Answers: 1.Freelancer Ltd. is the world's largest crowd resourcing and freelancing market by amount of clients and assignments. They have a connection of over23 millionmanagers, owners and freelancers across the globe i.e. from more than 247 countries, areas and territories. In the course of the market, employers can take into service freelancers for carrying out the work in regions such as development of software, texting, data entry and drawing correctly through to production, the sciences, marketing and sales and the services of accounting and legal frameworks (Moore et al., 2016). Freelancer Limited is buying and selling on the stock exchange i.e. the Australian Securities Exchange as ASX: FLN. The requirements for Australian companies seeking general admission to the ASX and the ASX profit test and asset test requirements are as follows: Number of Shareholders: Minimum 300 non-affiliated investors @ A$2,000 Free Float: 20% Profit Test: A$1 million aggregated profit from continuing operations over past 3 years + A$500,000 consolidated profit from continuing operations over the last 12 months. Assets Test: A$4 million net tangible assets or A$15 million market capitalization The corporation must have a minimum of 300 non-affiliated investors with holdings worth at a least amount of $2,000 each (Lewis, 2015). One does not have a need to comprise of the necessary spread or free float previous to the forming of the application of listing. The authorization for listing is approved subject to the corporation meeting the investors spread obligation through the recommendation of stocks and securities connected with the application of listing. 2.The conformity with an appropriate supremacy code may well be a measurement of personal agreements of listing. In some cases, the listing standards include elements of the code of governance. In further authorities, supplementary standards of governance over and above the code of governance have been introduced as division of the requirements of listing. For example, the TSX and the Stockholm Stock Exchange together impress such standards as component of their requirements of listing (Tricker Tricker, 2015). Similarly, Nasdaq markets and NYSEs commercial governance necessities for issuers of listing are element of the standards of listing. A number of stock exchanges have a scale of judgment in introduction of these necessities. The function of standards to potential issuers in many instances is area under discussion to the prudence of the stock exchanges that find their own selves facing escalating struggle for the issuers. For illustration, the NASDAQ OMX unambiguously affirm that they keep hold of the power to approve the recording even though if a company does not carry on the fulfillment of all the necessities for listing (Mayne Power, 2013). It has an occurrence as lengthy as it is contented that the goals at the back of the listing requirements are not negotiated or that they can be attained by other ways. The TSX also has a reservation of the right to work out its carefulness in application of the least amount of listing and de-listing decisive factor. A number of interactions have come under condemnation accurately on this explanation. The ASX was recently criticized, together with the advisors of proxies, fo r having a waiver to its requirements of listing that has decided, in spite of the fact that like NASDAQ OMX, it has a lawful foundation for carrying out the same (Wilkinson, 2014). 3.The ASX Rules of Listing surrounds constant disclosure necessities that a listed company needs to assure. Continuous disclosure is the appropriate and timely directing of material data to maintain the market knowledgeable of proceedings and expansion as they take place. Flaws to meet up the revelation obligations may have an end result in penalties of civil and criminal nature for the business and also the company officers in some cases. The most important and universal rule for continuous disclosure is that on one occasion an entity is or gets conscious of any data relating to it. The entities should instantaneously inform the ASX of the required information. By means of a non-comprehensive record of illustrations, the company must make available notices to the ASX if the business formulates a takeover bid or carry out a share buy-back or signs a substantial agreement. The availability must also be done in cases of transformations in its officers. In case there is a non compliance of the continuous disclosures, it would be a contravention of the rules and regulations to reveal the information and the same concerns an unfinished suggestion or cooperation (Lau, 2015). The data consist of matters of hypothesis or is inadequately definite to necessitate disclosure. ASX may also have need of revelation of information by the corporation if ASX believes that there could be a forged marketplace in the securities of the company. References Lau, A. (2015). Why bidder shareholders should get a say.Equity,29(6), 21. Lewis, K. (2015). Revised ASX guidance on trading policies.Governance Directions,67(1), 8. Mayne, S., Power, C. (2013). Policies under review as ASA names the longest serving directors.Equity,27(8), 5. Moore, J., Shoven, J., Shelef, O. (2016). Payment Schemes in Online Marketplaces: How Do Freelancers Respond to Monetary Incentives?. Tricker, R. B., Tricker, R. I. (2015).Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Wilkinson, S. (2014). Key changes to proposed ASX listing rules.Governance Directions,66(4), 223.