Purpose: This Research investigates the termination of companies under the UAE Federal Decree-Law No. (32) of 2021 concerning Commercial Companies, and how this affects the labour force and causes them many psychological and human troubles. Theoretical framework: The current research consists of an introduction and two sections, with conclusions and recommendations. The first section deals with the general reasons for the termination of a company, starting with a definition to the concept of termination. The second section focuses on the personal reasons for the termination of a company. We shall end our research with specific conclusions and recommendations. Design/Methodology/Approach: It should be noted that a descriptive/analytical approach has been adopted in this study, clarifying the concept of termination, and then addressing the general reasons that lead to such procedure, i.e., the termination of a company. Findings the paper: companies come to an end with the expiration of the period agreed upon by force of law, and by achieving the purpose of its establishment. Besides, they are terminated due to total or partial loss of capital. In some cases, a percentage of loss has been specified, as in the cases related to limited liability and joint stock companies. Research, Practical & Social implications: We suggest that a new clause shall be added to Article No. 302, related to the impossibility of the company continuing its activity in certain circumstances, including force majeure, Act of God, and other issues that the legislator deems necessary to state. Determining a period, in which the company’s manager is obligated to submit the termination issue to the general assembly if the company’s losses amount to half or three-quarters of the capital, and if the manager does not do so during that period assigned, partners with a quarter of the capital are entitled to invite the general assembly for a meeting to dissolve the company. Originality/Value: We propose to amend the first paragraph of Article (290) of the Decree- Law and make it obligatory for companies to announce their intention for merging in the newspapers to notify the creditors before the decision is taken by the company general assembly of the company within a certain period, for example, fifteen days to protect others and creditors and to avoid some creditors from objecting before the court regarding stopping the merger. This will benefit all parties, whether the creditors or companies wishing to merge.
Purpose: The study investigated the Impact of Monetary and Psychological Incentives on Employees’ performance. The problem of the study that is there is any statistically significant impact of the monetary incentives on employees' performance. Is there any statistically significant impact of the psychological incentives on employees' performance? The study aimed to examine the impact of monetary incentives on employees' performance. To determine the impact of psychological incentives on employees' performance Theoretical framework: This study utilized quantitative. Research strategy approach. It has two independent variables, which are 1- Monetary incentives 2. Psychological incentives and one dependent variable is employee performance. Design/methodology/approach: the study adopted an inductive approach, descriptive-analytical approach, and historical approach. The questionnaire was used to collect data from commercial banks in the United Arab Emirates. To achieve the goals of the study, the following hypotheses were tested: First hypothesis: there is no significant relationship between Monetary incentives and employee performance. The second hypothesis there is no significant relationship between psychological incentives and employees’ performance Findings: The study found several results, among which is that there is a significant relationship between financial, and psychological incentives and employee performance. Qualification does not affect the performance of staff in the commercial bank. Research, Practical & Social implications: The study recommended several recommendations, among which; Interest in developing an effective system to evaluate the performance of staff, interest in providing psychological support, and praise for the staff to raise the level of their performance. Originality/value: The value of the study is to provide a clear outlook regarding how to balance between the monetary incentives and embark the psychological incentives to maintain and increase the employee’s performance in the field of banking. The result finding can guide the managers about the best practices related to incentives, offered to their employees.
Purpose: This Research investigates the termination of companies under the UAE Federal Decree-Law No. (32) of 2021 concerning Commercial Companies, and how this affects the labour force and causes them many psychological and human troubles. Theoretical framework: The current research consists of an introduction and two sections, with conclusions and recommendations. The first section deals with the general reasons for the termination of a company, starting with a definition to the concept of termination. The second section focuses on the personal reasons for the termination of a company. We shall end our research with specific conclusions and recommendations. Design/Methodology/Approach: It should be noted that a descriptive/analytical approach has been adopted in this study, clarifying the concept of termination, and then addressing the general reasons that lead to such procedure, i.e., the termination of a company. Findings the paper: companies come to an end with the expiration of the period agreed upon by force of law, and by achieving the purpose of its establishment. Besides, they are terminated due to total or partial loss of capital. In some cases, a percentage of loss has been specified, as in the cases related to limited liability and joint stock companies. Research, Practical & Social implications: We suggest that a new clause shall be added to Article No. 302, related to the impossibility of the company continuing its activity in certain circumstances, including force majeure, Act of God, and other issues that the legislator deems necessary to state. Determining a period, in which the company’s manager is obligated to submit the termination issue to the general assembly if the company’s losses amount to half or three-quarters of the capital, and if the manager does not do so during that period assigned, partners with a quarter of the capital are entitled to invite the general assembly for a meeting to dissolve the company. Originality/Value: We propose to amend the first paragraph of Article (290) of the Decree- Law and make it obligatory for companies to announce their intention for merging in the newspapers to notify the creditors before the decision is taken by the company general assembly of the company within a certain period, for example, fifteen days to protect others and creditors and to avoid some creditors from objecting before the court regarding stopping the merger. This will benefit all parties, whether the creditors or companies wishing to merge.
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