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126-655: Greencore Group plc is a food company in Ireland. It was established by the Irish government in 1991, when Irish Sugar was privatised, but today Greencore's products are mainly convenience foods, not only in Ireland but also in the United Kingdom. A major supplier to British and Irish supermarkets, Greencore is the largest sandwich manufacturer in the world. It is listed on the London Stock Exchange and
252-430: A profit . Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person ). Registered corporations have legal personality recognized by local authorities and their shares are owned by shareholders whose liability is generally limited to their investment. One of
378-492: A separate legal person was mainly administrative, as a unified entity under which the rights and duties of all investors and managers could be channeled. However, there was still no limited liability and company members could still be held responsible for unlimited losses by the company. The next, crucial development, then, was the Limited Liability Act 1855 , passed at the behest of the then Vice President of
504-601: A 78.8% turnout. With the highest Yes vote for any local authority in Scotland, some in the Yes Scotland campaign nicknamed Dundee the "Yes City", including former First Minister Alex Salmond . Dundee sits on the north bank of the Firth of Tay on the eastern, North Sea Coast of Scotland. The city lies 36.1 miles (58 km) NNE of Edinburgh and 360.6 miles (580 km) NNW of London. The built-up area occupies
630-602: A charge of €9m to its profit in 2008 when it was alleged that the former financial controller of the Mineral Water business had concealed costs. In October 2009 Nordzucker announced that it had bought Greencore's 50% stake in its joint venture SugarPartners. As part of the deal, Nordzucker acquired the Siucra, McKinney and Castle brands from the company. On 10 November 2010, the European Court of Auditors found that
756-400: A charter granted by the government. As explained above, such charters were often enacted as private bills . Today, a corporation is formed, or incorporated , by registering with the state, province, or national government and regulated by the laws enacted by that government. Registration is the main prerequisite to the corporation's assumption of limited liability. The law sometimes requires
882-502: A contract at the coffee giant's Jacksonville facility in Florida. Brokerage house Cantor Fitzgerald became the first firm to lower its investment rating of Greencore, stating that the stock's fall was caused by "some underlying event in the US." In October 2018 Greencore announced that it would sell its U.S. business to Hearthside Food Solutions for £817 million. In June 2021 Patrick Murray,
1008-489: A corporation are typically controlled by individuals appointed by the members. In some cases, this will be a single individual but more commonly corporations are controlled by a committee or by committees. Broadly speaking, there are two kinds of committee structure. In countries with co-determination (such as in Germany ), workers elect a fixed fraction of the corporation's board. Historically, corporations were created by
1134-436: A corporation as: a collection of many individuals united into one body, under a special denomination, having perpetual succession under an artificial form, and vested, by the policy of the law, with the capacity of acting, in several respects, as an individual, particularly of taking and granting property, of contracting obligations, and of suing and being sued, of enjoying privileges and immunities in common, and of exercising
1260-439: A corporation; shareholders instead elect or appoint a board of directors to control the corporation in a fiduciary capacity. In most circumstances, a shareholder may also serve as a director or officer of a corporation. Countries with co-determination employ the practice of workers of an enterprise having the right to vote for representatives on the board of directors in a company. The word "corporation" derives from corpus ,
1386-424: A distinct name. Historically, some corporations were named after the members of their boards of directors: for example, the " President and Fellows of Harvard College " is the name of one of the two governing boards of Harvard University , but it is also the exact name under which Harvard was legally incorporated. Nowadays, corporations in most jurisdictions have a distinct name that does not need to make reference to
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#17327722088191512-581: A larger area than the pre-1975 city, taking in the burgh of Monifieth and most of the landward district of Monifieth (covering a number of villages north of Dundee) from Angus, and the parish of Longforgan (which included Invergowrie ) from Perthshire . In 1996, the Dundee City council area was created under the Local Government etc. (Scotland) Act 1994 . Monifieth and the villages north of Dundee itself were transferred back to Angus, and
1638-523: A legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration . Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock , or whether they are formed to make
1764-488: A manager at Greencore in Dundee , Scotland, was found to have racially abused an English employee and the company was fined £13,000. In September 2022, Dalton Philips became CEO of Greencore. In June 2024, Greencore voluntarily and proactively recalled 45 of its products following an outbreak of Shigatoxigenic E. coli in the United Kingdom in major supermarket chains. Although no testing of their products has yet indicated
1890-537: A partnership arose. Early guilds and livery companies were also often involved in the regulation of competition between traders. Dutch and English chartered companies, such as the Dutch East India Company (also known by its Dutch initials: VOC) and the Hudson's Bay Company , were created to lead the colonial ventures of European nations in the 17th century. Acting under a charter sanctioned by
2016-553: A partnership or some other form of collective ownership (in the United States it can be used by a sole proprietorship but this is not generally the case elsewhere). Despite not being human beings, corporations have been ruled legal persons in a few countries, and have many of the same rights as natural persons do. For example, a corporation can own property, and can sue or be sued for as long as it exists. Corporations can exercise human rights against real individuals and
2142-533: A peak of 182,204 at the 1971 census. According to the 2011 census, the City of Dundee had a population of 147,268. A more recent population estimate of the City of Dundee has been recorded at 149,680 in 2020. The demographic make-up of the population is much in line with the rest of Scotland. The age group from 30 to 44 forms the largest portion of the population (20%). The median age of males and females living in Dundee
2268-460: A period of inflated prosperity for Dundee and the jute industry dominated Dundee throughout the latter half of the 19th century. Unprecedented immigration, notably of Irish workers, led to accelerated urban expansion, and at the height of the industry's success, Dundee supported 62 jute mills, employing some 50,000 workers. Cox Brothers, who owned the massive Camperdown Works in Lochee , were one of
2394-481: A private act to allow an individual to represent the whole in legal proceedings, this was a narrow and necessarily costly expedient, allowed only to established companies. Then, in 1843, William Gladstone became the chairman of a Parliamentary Committee on Joint Stock Companies, which led to the Joint Stock Companies Act 1844 , regarded as the first modern piece of company law. The Act created
2520-466: A proliferation of laws allowing for the creation of corporations by registration across the world, which helped to drive economic booms in many countries before and after World War I. Another major post World War I shift was toward the development of conglomerates , in which large corporations purchased smaller corporations to expand their industrial base. Starting in the 1980s, many countries with large state-owned corporations moved toward privatization ,
2646-498: A roughly rectangular shape 8.3 miles (13 km) long by 2.5 miles (4 km) wide, aligned in an east to west direction and occupies an area of 60 square kilometres (23 sq mi). The town is bisected by a line of hills stretching from Balgay Hill (elevation of 143 m) in the west end of the city, through the Dundee Law (174 m) which occupies the centre of the built up area, to Gallow Hill (83 m), between Baxter Park and
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#17327722088192772-428: A royal burgh into a city. Dundee would officially gain city status on 26 January 1889. The patent still exists and is kept in storage in the city archives. A £1 billion master plan to regenerate Dundee Waterfront is expected to last for a 30-year period between 2001 and 2031. The aims of the project are to reconnect the city centre to the waterfront; to improve facilities for walking, cyclists and buses; to replace
2898-594: A sugar-manufacturing company into other food products. That year 55% of the group was listed on the Irish Stock Exchange , and over the years since additional placements have led to almost 100% of the shares being in private hands. However, the Irish Government retains a special share, with a face value of EUR 1.26, in order to prevent the Irish sugar quota being sold without its consent. In 2005
3024-452: A temperature of 25.0 °C (77.0 °F) per year, illustrating the rarity of such warmth. On average, 4.73 days should record a minimum temperature at or below -5 °C and there are 53.26 days of air frost on average. From 1991 to 2020, Mylnefield averaged 0.9 ice days, 50 days with precipitation of more than 5mm and 19.56 days with more than 10mm. The weather station is in plant hardiness zone 10a. Dundee's recorded population reached
3150-958: A variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred upon it, either at the time of its creation or at any subsequent period of its existence. Due to the late 18th century abandonment of mercantilist economic theory and the rise of classical liberalism and laissez-faire economic theory due to a revolution in economics led by Adam Smith and other economists, corporations transitioned from being government or guild affiliated entities to being public and private economic entities free of governmental directions. Smith wrote in his 1776 work The Wealth of Nations that mass corporate activity could not match private entrepreneurship, because people in charge of others' money would not exercise as much care as they would with their own. The British Bubble Act 1720s prohibition on establishing companies remained in force until its repeal in 1825. By this point,
3276-679: Is a constituent of the FTSE 250 Index . The company was established in 1926 in Carlow as a private enterprise known as the Irish Sugar Manufacturing Company, Limited . The Sugar Manufacture Act, 1933 was passed to promote self-sufficiency in sugar manufacture; this Act was brought on by a crisis in the industry and resulted in the nationalisation of sugar manufacture. Factories were built in Mallow , Thurles and Tuam , and
3402-551: Is about 4 miles (6.4 km) west of the City Centre. A record high of 29.3 °C (84.7 °F) was recorded in July 2013. The warmest month was July 2006, with an average temperature of 17.4 °C (63.3 °F) (average high 22.5 °C (72.5 °F), average low 12.3 °C (54.1 °F)). In an 'average' year the warmest day should reach 25.2 °C (77.4 °F), and in total just 1.86 days should equal or exceed
3528-473: Is authorized to issue, and the names and addresses of directors. Once the articles are approved, the corporation's directors meet to create bylaws that govern the internal functions of the corporation, such as meeting procedures and officer positions. In theory, a corporation cannot own its own stock. An exception is treasury stock , where the company essentially buys back stock from its shareholders, which reduces its outstanding shares. This essentially becomes
3654-447: Is limited: one can only collect from whatever assets the entity still controls when one obtains a judgment against it. Corporate names are supposed to be unique to the jurisdiction in which the corporation is registered. Governments will not allow another corporation or any other kind of legal entity to register a name that is too similar to the name of an existing corporation. However, since "different states may register entities with
3780-537: Is made up of two parts: the common Celtic place-name element dun , meaning fort; and a second part that may derive from a Celtic element, cognate with the Gaelic dè , meaning 'fire'. While earlier evidence for human occupation is abundant, Dundee's success and growth as a seaport town arguably came as a result of William the Lion 's charter, granting Dundee to his younger brother, David (later Earl of Huntingdon ) in
3906-702: Is the Member of the Scottish Parliament (MSP) for the Dundee East constituency; Joe Fitzpatrick (SNP) is the current MSP for the Dundee West constituency and Graeme Dey (SNP) is the current MSP for the Angus South constituency. Winston Churchill served as one of two MPs for Dundee from 1908 to 1922 . Dundee appears to have been made a burgh sometime between 1181 and 1195. It
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4032-550: Is the fourth-largest city in Scotland . The mid-year population estimate for 2016 was 148,210, giving Dundee a population density of 2,478/km (6,420/mi ), the second-highest in Scotland. It lies within the eastern central Lowlands on the north bank of the Firth of Tay , which feeds into the North Sea . Under the name of Dundee City , it forms one of the 32 council areas used for local government in Scotland . Within
4158-407: Is usually required to register with other governments as a foreign corporation and must formally appoint a registered agent to accept service of process within such other jurisdictions. A foreign corporation is almost always subject to the laws of its host state pertaining to external affairs such as employment , crimes , contracts , civil actions , and the like. Corporations generally have
4284-670: The 2024 general election . For elections to the Scottish Parliament at Holyrood , the city area is divided across three constituencies. The Dundee City East constituency and the Dundee City West constituency are entirely within the city area. The Angus South (Holyrood) constituency includes north-eastern and north-western portions of the city area. All three constituencies are within the North East Scotland electoral region : Shona Robison (SNP)
4410-715: The Industrial Revolution had gathered pace, pressing for legal change to facilitate business activity. The repeal was the beginning of a gradual lifting on restrictions, though business ventures (such as those chronicled by Charles Dickens in Martin Chuzzlewit ) under primitive companies legislation were often scams. Without cohesive regulation, proverbial operations like the "Anglo-Bengalee Disinterested Loan and Life Assurance Company" were undercapitalized ventures promising no hope of success except for richly paid promoters. The process of incorporation
4536-620: The Latin word for body, or a "body of people". By the time of Justinian (reigned 527–565), Roman law recognized a range of corporate entities under the names Universitas , corpus or collegium . Following the passage of the Lex Julia during the reign of Julius Caesar as Consul and Dictator of the Roman Republic (49–44 BC), and their reaffirmation during the reign of Caesar Augustus as Princeps senatus and Imperator of
4662-560: The RRS ; Discovery . This ship is now on display at Discovery Point in the city. A significant whaling industry was also based in Dundee, largely existing to supply the jute mills with whale oil . Whaling ceased in 1912 and shipbuilding ceased in 1981. While the city's economy was dominated by the jute industry, it also became known for smaller industries. Most notable among these were James Keiller's and Sons , established in 1795, which pioneered commercial marmalade production, and
4788-457: The Registrar of Joint Stock Companies , empowered to register companies by a two-stage process. The first, provisional, stage cost £5 and did not confer corporate status, which arose after completing the second stage for another £5. For the first time in history, it was possible for ordinary people through a simple registration procedure to incorporate. The advantage of establishing a company as
4914-853: The Roman Army (27 BC–14 AD), collegia required the approval of the Roman Senate or the Emperor in order to be authorized as legal bodies . These included the state itself (the Populus Romanus ), municipalities, and such private associations as sponsors of a religious cult , burial clubs , political groups, and guilds of craftsmen or traders. Such bodies commonly had the right to own property and make contracts, to receive gifts and legacies, to sue and be sued, and, in general, to perform legal acts through representatives. Private associations were granted designated privileges and liberties by
5040-491: The Steeple Church , are the most prominent Church of Scotland buildings in Dundee. They are on the site of the medieval parish kirk of St Mary , of which only the 15th-century west tower survives. The attached church was once the largest parish church in medieval Scotland. Dundee was unusual among Scottish medieval burghs in having two parish kirks; the second, dedicated to St Clement , has disappeared, but its site
5166-625: The V&;A to operate outside of London – is the main centrepiece of the waterfront project. Today, Dundee is promoted as "One City, Many Discoveries" in honour of Dundee's history of scientific activities and of the RRS Discovery , Robert Falcon Scott 's Antarctic exploration vessel, which was built in Dundee and is now berthed at Discovery Point. Dundee is an international research and development hub in technology, medicine and life sciences, with technological industries having arrived since
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5292-729: The War of the Spanish Succession , which gave Great Britain an asiento to trade in the region for thirty years. In fact, the Spanish remained hostile and let only one ship a year enter. Unaware of the problems, investors in Britain, enticed by extravagant promises of profit from company promoters bought thousands of shares. By 1717, the South Sea Company was so wealthy (still having done no real business) that it assumed
5418-562: The public debt of the British government. This accelerated the inflation of the share price further, as did the Bubble Act 1720 , which (possibly with the motive of protecting the South Sea Company from competition) prohibited the establishment of any companies without a royal charter. The share price rose so rapidly that people began buying shares merely in order to sell them at a higher price, which in turn led to higher share prices. This
5544-502: The whaling industry was triggered by the second Bounty Act, introduced in 1750 to increase Britain's maritime and naval skill base. Dundee, and Scotland more generally, saw rapid population increase at end of the 18th and beginning of the 19th century, with the city's population increasing from 12,400 in 1751 to 30,500 in 1821. The phasing out of the linen export bounty between 1825 and 1832 stimulated demand for cheaper textiles, particularly for cheaper, tough fabrics. The discovery that
5670-429: The 18th and beginning of the 19th century, with the city's population increasing from 12,400 in 1751 to 30,500 in 1821. Of particular significance was an influx of Irish workers in the early to mid-19th century, attracted by the prospect of employment in the textiles industries. In 1851, 18.9% of people living in Dundee were of Irish birth. The city has also attracted immigrants from Italy, fleeing poverty and famine, in
5796-454: The 1980s. Dundee was named as a "City of the Future" by Cognizant in 2021, the only UK city to be featured. Dundee has also been a leading city in electric vehicles , having one of the largest fleets of electric vehicles in the country. The city was named as the electric vehicle capital of Europe in 2018, and it has continuously been branded as the electric vehicle capital of Scotland and
5922-488: The 19th century Jews, fleeing from the Russia controlled portions of partitioned Poland and from German occupation in the 20th. Today, Dundee has a sizeable ethnic minority population, and has around 4,000 Asian residents which is the fourth-largest Asian community in Scotland. The city also has 1.0% of residents from a Black/African/Caribbean background. Dundee has a higher proportion of university students – one in seven of
6048-658: The Board of Trade, Robert Lowe . This allowed investors to limit their liability in the event of business failure to the amount they invested in the company – shareholders were still liable directly to creditors , but just for the unpaid portion of their shares . (The principle that shareholders are liable to the corporation had been introduced in the Joint Stock Companies Act 1844). The 1855 Act allowed limited liability to companies of more than 25 members (shareholders). Insurance companies were excluded from
6174-580: The Bruce in early 1312. The original burghal charters were lost during the occupation and subsequently renewed by Bruce in 1327. The burgh suffered considerably during the conflict known as the Rough Wooing of 1543 to 1550, and was occupied by the English forces of Andrew Dudley from 1547. In 1548, unable to defend the town against an advancing Scottish force, Dudley ordered that the town be burnt to
6300-713: The Dutch government, the Dutch East India Company defeated Portuguese forces and established itself in the Moluccan Islands in order to profit from the European demand for spices . Investors in the VOC were issued paper certificates as proof of share ownership, and were able to trade their shares on the original Amsterdam Stock Exchange . Shareholders were also explicitly granted limited liability in
6426-698: The Eastern Cemetery. North of this ridge lies a valley through which cuts the Dighty Water burn , the elevation falling to around 45 m. North of the Dighty valley lie the Sidlaw Hills , the most prominent hill being Craigowl Hill (455 m). The western and eastern boundaries of the city are marked by two burns that are tributaries of the River Tay . On the westernmost boundary of the city,
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#17327722088196552-699: The English East India Company would come to symbolize the dazzlingly rich potential of the corporation, as well as new methods of business that could be both brutal and exploitative. On 31 December 1600, Queen Elizabeth I granted the company a 15-year monopoly on trade to and from the East Indies and Africa . By 1711, shareholders in the East India Company were earning a return on their investment of almost 150 per cent. Subsequent stock offerings demonstrated just how lucrative
6678-548: The Kingsway bypass. Modernisation of the city centre continued in the post-war period. The medieval Overgate was demolished in the early 1960s to make way for a shopping centre, followed by construction of the inner ring road and the Wellgate Shopping Centre. The Tay Road Bridge , completed in 1966, had as its northern landfall the docklands of central Dundee, and the new associated road system resulted in
6804-585: The Kingsway. Working-class housing spread rapidly and without control throughout the Victorian era, particularly in the Hawkhill, Blackness Road, Dens Road and Hilltown areas. Despite the comparative wealth of Victorian Dundee as a whole, living standards for the working classes were very poor. A general lack of town planning coupled with the influx of labour during the expansion of the jute industry resulted in insanitary, squalid and cramped housing for much of
6930-632: The Lochee burn meets the Fowlis burn, forming the Invergowrie burn, which meets the Tay at Invergowrie basin. The Dighty Water enters Dundee from the village of Strathmartine and marks the boundaries of a number of northern districts of the city, joining the Tay between Barnhill and Monifieth . The Scouring burn in the west end of the city and Dens Burn in the east, both of which played important roles in
7056-494: The London Stock Exchange. On 25 July 2016, the company acquired The Sandwich Factory Holdings Ltd for £15m from Cranswick plc . On 14 November 2016, Greencore announced it would acquire US-based Peacock Foods for $ 747.5m, significantly expanding its presence in the country. The health of Greencore's U.S. business was questioned by investors as a result of a late August 2017 fear that Starbucks had backtracked on
7182-537: The Longforgan area (including Invergowrie) was transferred to Perth and Kinross , largely reinstating the pre-1975 boundaries. Some controversy has ensued as a result of these boundary changes, with Dundee city councillors arguing for the return of Monifieth and Invergowrie. On 18 September 2014, Dundee was one of four council areas to vote "Yes" in the Scottish independence referendum , with 57.3% voting "Yes" on
7308-472: The UK, such as fraud and corporate manslaughter . However, corporations are not considered living entities in the way that humans are. Legal scholars and others, such as Joel Bakan , have observed that a business corporation created as a "legal person" has a psychopathic personality because it is required to elevate its own interests above those of others even when this inflicts major risks and grave harms on
7434-537: The United Kingdom. In 2014, Dundee was recognised by the United Nations as the UK's first UNESCO City of Design for its diverse contributions to fields including medical research, comics and video games. Since 2015, Dundee's international profile has risen. GQ magazine named Dundee the "Coolest Little City in Britain" in 2015 and The Wall Street Journal ranked Dundee at number 5 on its "Worldwide Hot Destinations" list for 2018. The name "Dundee"
7560-422: The act, though it was standard practice for insurance contracts to exclude action against individual members. Limited liability for insurance companies was allowed by the Companies Act 1862 . This prompted the English periodical The Economist to write in 1855 that "never, perhaps, was a change so vehemently and generally demanded, of which the importance was so much overrated." The major error of this judgment
7686-458: The attractive early advantages business corporations offered to their investors , compared to earlier business entities like sole proprietorships and joint partnerships , was limited liability. Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation, or for torts (involuntary harms) committed by
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#17327722088197812-488: The average demography of Scotland, Dundee has both low proportions of people born outside the United Kingdom and for people over 75 years old. Natives of Dundee are called Dundonians and are often recognisable by their distinctive dialect of Scots as well as their accent , which most noticeably substitutes the monophthong /ɛ/ (pronounced "eh") in place of the diphthong /aj/ (pronounced "ai"). Dundee, and Scotland more generally, saw rapid population increase at end of
7938-402: The boundaries of the historic county of Angus , the city developed into a burgh in the late 12th century and established itself as an important east coast trading port. Rapid expansion was brought on by the Industrial Revolution , particularly in the 19th century when Dundee was the centre of the global jute industry. This, along with its other major industries, gave Dundee its epithet as
8064-406: The city centre being cut off from the river. An acute shortage of housing in the late 1940s was addressed by a series of large housing estates built in the northern environs, including the Fintry, Craigie, Charleston and Douglas areas in the 1950s and early 1960s. These were followed by increasingly cost-effective and sometimes poorly planned housing throughout the 1960s. Much of this, in particular
8190-399: The city of "jute, jam and journalism". With the decline of traditional industry, the city has adopted a plan to regenerate and reinvent itself as a cultural centre. In pursuit of this, a £1 billion master plan to regenerate and to reconnect the Waterfront to the city centre started in 2001 and is expected to be completed within a 30-year period. The V&A Dundee – the first branch of
8316-410: The city's sheltered estuarine position, mean daily maxima are slightly higher than coastal areas to the North, particularly in spring and summer. The summers are still chilly when compared with similar latitudes in continental Europe, something compensated for by the mild winters, similar to the rest of the British Isles. The nearest official Met Office weather station is Mylnefield, Invergowrie which
8442-412: The city, and non-mainstream Christian groups are also well represented, including the Unitarians , the Society of Friends , the Jehovah's Witnesses , Seventh-day Adventists , Christadelphians , and The Church of Jesus Christ of Latter-day Saints . Muslims are served by the Dundee Central Mosque , built in 2000 to replace their former premises on the Hilltown. There are three other mosques in
8568-554: The closure of the last Greencore sugar plant in Mallow in 2006 may not have been necessary. The company was due to merge with Northern Foods in 2011 to form Essenta Foods, to be headquartered in Dublin but listed on the London Stock Exchange . The deal, however, fell through after businessman Ranjit Singh Boparan outbid Greencore to win the approval of Northern Foods shareholders, on 21 January 2011. On 12 July 2011, Greencore announced it intended to buy Uniq plc . The deal closed in November 2011, with Uniq resultantly delisting from
8694-446: The company announced that it would close its factory in Carlow, ceasing production on 11 March. In March 2006 it was announced that the last remaining factory would close in Mallow, and this closure occurred on 12 May. The reason indicated for these closures has been the reform of European Union policies on sugar which reduced the quotas and subsidies available and therefore making its manufacture unprofitable in Ireland. The company took
8820-458: The company became Cómhlucht Siúicre Éireann, Teoranta , the Irish for Irish Sugar Company, Limited . When run by Michael Joe Costello , Irish Sugar introduced the first electronic computer into Ireland in 1957, buying it from Dora Metcalf . The Thurles and Tuam factories were closed in the early 1980s after a rationalisation became necessary, and the company decided to concentrate manufacture at its Carlow and Mallow factories. In February 1990,
8946-419: The company had become. Its first stock offering in 1713–1716 raised £418,000, its second in 1717–1722 raised £1.6 million. A similar chartered company , the South Sea Company , was established in 1711 to trade in the Spanish South American colonies, but met with less success. The South Sea Company's monopoly rights were supposedly backed by the Treaty of Utrecht , signed in 1713 as a settlement following
9072-556: The company's royal charter. In England, the government created corporations under a royal charter or an Act of Parliament with the grant of a monopoly over a specified territory. The best-known example, established in 1600, was the East India Company of London . Queen Elizabeth I granted it the exclusive right to trade with all countries to the east of the Cape of Good Hope . Some corporations at this time would act on
9198-402: The corporate model for this reason (as a trust ). State governments began to adopt more permissive corporate laws from the early 19th century, although these were all restrictive in design, often with the intention of preventing corporations from gaining too much wealth and power. New Jersey was the first state to adopt an "enabling" corporate law, with the goal of attracting more business to
9324-490: The corporate status of the entity (for example, "Incorporated" or "Inc." in the United States) or the limited liability of its members (for example, "Limited", "Ltd.", or "LLC"). These terms vary by jurisdiction and language. In some jurisdictions, they are mandatory, and in others, such as California, they are not. Their use puts everybody on constructive notice that they are dealing with an entity whose liability
9450-491: The corporation against a third party (acts done by the controllers of the corporation). Where local law distinguishes corporations by their ability to issue stock , corporations allowed to do so are referred to as stock corporations ; one type of investment in the corporation is through stock, and owners of stock are referred to as stockholders or shareholders . Corporations not allowed to issue stock are referred to as non-stock corporations ; i.e. those who are considered
9576-408: The corporation is determined by the portion of shares in the company that they own. Thus, a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter of the profit (or at least a quarter of the profit given to shareholders as dividends) and has a quarter of the votes capable of being cast at general meetings. In another kind of corporation,
9702-408: The corporation to designate its principal address, as well as a registered agent (a person or company designated to receive legal service of process). It may also be required to designate an agent or other legal representatives of the corporation. Generally, a corporation files articles of incorporation with the government, laying out the general nature of the corporation, the amount of stock it
9828-805: The council is the Lord Provost . The council area is also divided into eighteen community council areas , three of which ( Broughty Ferry , City Centre and Harbour , and West End ) had community councils operating as at August 2024. For elections to the House of Commons at Westminster , the city area and portions of the Angus council area are divided into two constituencies . The constituencies of Arbroath and Broughty Ferry and Dundee West are represented by Stephen Gethins ( Scottish National Party ) and Chris Law (Scottish National Party), respectively, both of whom were elected and re-elected respectively at
9954-481: The destruction suffered in the War of the Rough Wooing being almost total, with only scattered, roofless shells remaining. The area occupied by the medieval burgh of Dundee extends between East Port and West Port, which formerly held the gates to the walled city. The shoreline has been altered considerably since the early 19th century through development of the harbour area and land reclamation. Several areas on
10080-514: The diocese has been led by Bishop Andrew Swift . St. Andrew's Cathedral is the seat of the Roman Catholic Diocese of Dunkeld , led by Bishop Stephen Robson . The diocese is responsible for overseeing 15 congregations in Dundee and 37 in the surrounding area, including St Mary, Our Lady of Victories Church in the city. There are Methodist , Baptist , Congregationalist , Pentecostal and Salvation Army churches in
10206-545: The dry fibres of jute could be lubricated with whale oil (of which Dundee had a surfeit, following the opening of its gasworks) to allow it to be processed in mechanised mills resulted in the Dundee mills rapidly converting from linen to jute, which sold at a quarter of the price of flax. Interruption of Prussian flax imports during the Crimean War and of cotton during the American Civil War resulted in
10332-603: The east of the city, in Craigie and Broughty Ferry , the bedrock geology is of extrusive rocks , including mafic lava and tuff . The land surrounding Dundee, particularly that in the lower lying areas to the west and east of the city, bears high quality soil that is particularly suitable for arable farming. It is predominantly of a brown forest soil type with some gleying , the lower parts being formed from raised beach sands and gravels derived from Old Red Sandstone and lavas. Very little of pre- Reformation Dundee remains,
10458-520: The emperor. The concept of the corporation was revived in the Middle Ages with the recovery and annotation of Justinian's Corpus Juris Civilis by the glossators and their successors the commentators in the 11th–14th centuries. Particularly important in this respect were the Italian jurists Bartolus de Saxoferrato and Baldus de Ubaldis , the latter of whom connected the corporation to
10584-422: The equivalent of unissued capital, where it is not classified as an asset on the balance sheet (passive capital). Under the internal affairs doctrine , the law of the jurisdiction in which a corporation is incorporated will govern its internal activities—that is, conflicts between shareholders and managers such as the board of directors and corporate officers. If a corporation operates outside its home state, it
10710-638: The existing inner ring road with a pair of east/west tree-lined boulevards; and to provide a new civic square and a regenerated railway station and arrival space at the western edge. A new Victoria and Albert Museum opened on 15 September 2018. A new Eden Project attraction is also set to open in Dundee by the 2030s. Dundee City is one of 32 council areas of Scotland , administered by Dundee City Council . The council meets at Dundee City Chambers in City Square and has its mains offices at Dundee House on North Lindsay Street. The civic head and chair of
10836-514: The fifteen largest overseas-born groups in Dundee according to the 2022 census, alongside the two previous censuses. The Church of Scotland Presbytery of Dundee is responsible for overseeing the worship of 37 congregations in and around the Dundee area, although changing population patterns have led to some of the churches becoming linked charges. Due to their city centre location, the City Churches, Dundee Parish Church (St Mary's) and
10962-460: The government's behalf, bringing in revenue from its exploits abroad. Subsequently, the company became increasingly integrated with English and later British military and colonial policy, just as most corporations were essentially dependent on the Royal Navy 's ability to control trade routes. Labeled by both contemporaries and historians as "the grandest society of merchants in the universe",
11088-717: The ground. In 1645, during the Wars of the Three Kingdoms , Dundee was again besieged, this time by the Royalist Marquess of Montrose . The town was finally destroyed by Parliamentarian forces led by George Monck in 1651. The town played a pivotal role in the establishment of the Jacobite cause when John Graham of Claverhouse, 1st Viscount Dundee raised the Stuart standard on the Dundee Law in 1689. The town
11214-432: The high-rise blocks of flats at Lochee, Kirkton, Trottick, Whitfield, Ardler and Menzieshill, and the prefabricated Skarne housing blocks at Whitfield, has been demolished since the 1990s or is scheduled for future demolition. Areas of Dundee: The climate, like the rest of lowland Scotland, is Oceanic ( Köppen-Geiger classification Cfb). Mean temperature and rainfall are typical for the east coast of Scotland, and with
11340-661: The history of companies was the 1897 decision of the House of Lords in Salomon v. Salomon & Co. where the House of Lords confirmed the separate legal personality of the company, and that the liabilities of the company were separate and distinct from those of its owners. In the United States , forming a corporation usually required an act of legislation until the late 19th century. Many private firms, such as Carnegie 's steel company and Rockefeller 's Standard Oil , avoided
11466-575: The idea of the corporation as legal persons can help to clarify the role of citizens as political stakeholders , and to break down the sharp conceptual dichotomy between the state and the people or the individual, a distinction that, on his account, is "increasingly unable to meet the demands placed on the state in the modern world". Other Dundee This is an accepted version of this page Dundee ( / d ʌ n ˈ d iː / ; Scots : Dundee ; Scottish Gaelic : Dùn Dè or Dùn Dèagh , pronounced [t̪un ˈtʲeː] )
11592-618: The industrial development of the city, have now been culverted over. The city lies within the Sidlaw-Ochil anticline , and the predominant bedrock type is Old Red Sandstone of the Arbuthnott-Garvock group. Differential weathering of a series of igneous intrusions has yielded a number of prominent hills in the landscape, most notably the Dundee Law (a late Silurian /early Devonian Mafic rock intrusion) and Balgay hill (a Felsic rock intrusion of similar age). In
11718-650: The landmark 1856 Joint Stock Companies Act . This was subsequently consolidated with a number of other statutes in the Companies Act 1862, which remained in force for the rest of the century, up to and including the time of the decision in Salomon v A Salomon & Co Ltd . The legislation shortly gave way to a railway boom, and from then, the numbers of companies formed soared. In the later nineteenth century, depression took hold, and just as company numbers had boomed, many began to implode and fall into insolvency. Much strong academic, legislative and judicial opinion
11844-515: The largest jute manufacturers in Europe and employed more than 5,000 workers. The rise of the textile industries brought with it an expansion of supporting industries, notably of the whaling, maritime and shipbuilding industries, and extensive development of the waterfront area started in 1815 to cope with increased demand for port capacity. At its height, 200 ships per year were built there, including Robert Falcon Scott 's Antarctic research vessel,
11970-495: The late 12th century. The situation of the town and its promotion by Earl David as a trading centre led to a period of prosperity and growth. The earldom was passed down to David's descendants, amongst whom was John Balliol . The town became a Royal Burgh on John's coronation as king in 1292. The town and its castle were occupied by English forces for several years during the First War of Independence and recaptured by Robert
12096-425: The legal document which established the corporation or which contains its current rules will determine the requirements for membership in the corporation. What these requirements are depends on the kind of corporation involved. In a worker cooperative , the members are people who work for the cooperative. In a credit union , the members are people who have accounts with the credit union. The day-to-day activities of
12222-532: The lives of any particular member, existing in perpetuity. The alleged oldest commercial corporation in the world, the Stora Kopparberg mining community in Falun , Sweden , obtained a charter from King Magnus Eriksson in 1347. In medieval times , traders would do business through common law constructs, such as partnerships . Whenever people acted together with a view to profit, the law deemed that
12348-582: The local economy and culture. However, this has declined in recent years due to the increase of tuition fees for students elsewhere in the UK. Dundee also has a lot of students from abroad, mostly from the Republic of Ireland and other EU countries but with an increasing number from countries from the Far East and Nigeria . The proportion of people residing in Dundee born outside the UK was 12.9% in 2022, compared with 9.0% in 2011 and 4.9% in 2001. Below are
12474-459: The loss of 75 lives. The most destructive fire in the city's history came in 1906, reportedly sending "rivers of burning whisky" through the street. The jute industry fell into decline in the early 20th century, partly due to reduced demand for jute products and partly due to an inability to compete with the emerging industry in Calcutta . This gave rise to unemployment levels far in excess of
12600-417: The members of their boards. In Canada, this possibility is taken to its logical extreme: many smaller Canadian corporations have no names at all, merely numbers based on a registration number (for example, "12345678 Ontario Limited"), which is assigned by the provincial or territorial government where the corporation incorporates. In most countries, corporate names include a term or an abbreviation that denotes
12726-538: The metaphor of the body politic to describe the state . Early entities which carried on business and were the subjects of legal rights included the collegium of ancient Rome and the sreni of the Maurya Empire in ancient India. In medieval Europe, churches became incorporated, as did local governments, such as the City of London Corporation . The point was that the incorporation would survive longer than
12852-657: The mid-16th century, and were reduced to burial grounds, now Barrack Street (also referred to as the Dek-tarn street) and The Howff burial ground, respectively. St. Paul's Cathedral is the seat of the Scottish Episcopal Diocese of Brechin . It is charged with overseeing the worship of 9 congregations in the city, as well as a further 17 in Angus, the Carse of Gowrie and parts of Aberdeenshire. Since 2018
12978-400: The national average, peaking in the inter-war period, but major recovery was seen in the post-war period, thanks to the arrival first of American light engineering companies like Timex and NCR , and subsequent expansion into microelectronics. Dundee was the first city in Scotland to gain official city status , after Queen Victoria signed a patent announcing the transition of Dundee from
13104-408: The owners of a non-stock corporation are persons (or other entities) who have obtained membership in the corporation and are referred to as a member of the corporation. Corporations chartered in regions where they are distinguished by whether they are allowed to be for-profit are referred to as for-profit and not-for-profit corporations, respectively. Shareholders do not typically actively manage
13230-490: The periphery of the burgh saw industrial development with the building of textile mills from the end of the 18th century. Their placement was dictated by the need for a water supply for the modern steam powered machinery, and areas around the Lochee Burn ( Lochee ), Scouring Burn ( Blackness ) and Dens Burn (Dens Road area) saw particular concentrations of mills. The post war period saw expansion of industry to estates along
13356-410: The population – than any other town in Europe, except Heidelberg . The 14.2% come from all around the world to attend the local universities and colleges. Dundee is a major attraction for Northern Irish students who make up 5% of the total student population. The city's universities are believed to hold the highest percentage of Northern Irish students outside of Northern Ireland and have a big impact on
13482-432: The population. While gradual improvements and slum clearance began in the late 19th century, the building of the groundbreaking Logie housing estate marked the beginning of Dundee's expansion through the building of planned housing estates, under the vision of city architect James Thomson , whose legacy also includes the housing estate of Craigiebank and the beginnings of an improved transport infrastructure by planning
13608-413: The presence of E. coli in them, Greencore wanted to take precautionary steps to minimize harm to consumers and spread information about the outbreak. Corporation A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in
13734-413: The production of finished textiles being a reaction to recession in the 15th century. Two government Acts in the mid 18th century had a profound effect on Dundee's industrial success: the textile industry was revolutionised by the introduction of large four-storey mills, stimulated in part by the 1742 Bounty Act which provided a government-funded subsidy on Osnaburg linen produced for export. Expansion of
13860-411: The public or on other third-parties. Such critics note that the legal mandate of the corporation to focus exclusively on corporate profits and self-interest often victimizes employees, customers, the public at large, and/or the natural resources . The political theorist David Runciman notes that corporate personhood forms a fundamental part of the modern history of the idea of the state , and believes
13986-466: The publishing firm DC Thomson , which was founded in the city in 1905. Dundee was said to be built on the 'three Js': Jute, Jam and Journalism. The town was also the location of one of the worst rail disasters in British history, the Tay Bridge disaster . The first Tay Rail Bridge was opened in 1878. It collapsed some 18 months later during a storm, as a passenger train passed over it, resulting in
14112-407: The same names, a corporate name is a unique identifier only when combined with the name of the state of incorporation". This explains why lawyers in legal papers often expressly refer to a corporation's state of incorporation after the first mention of its name. Some jurisdictions do not allow the use of the word " company " alone to denote corporate status, since the word " company " may refer to
14238-431: The selling of publicly owned (or 'nationalised') services and enterprises to corporations. Deregulation (reducing the regulation of corporate activity) often accompanied privatization as part of a laissez-faire policy. A corporation is, at least in theory, owned and controlled by its members. In a joint-stock company the members are known as shareholders, and each of their shares in the ownership, control, and profits of
14364-500: The state, and they can themselves be responsible for human rights violations. Corporations can be "dissolved" either by statutory operation, the order of the court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate failure, when creditors force the liquidation and dissolution of the corporation under court order, but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of special criminal offenses in
14490-581: The state, in 1896. In 1899, Delaware followed New Jersey's lead with the enactment of an enabling corporate statute, but Delaware only became the leading corporate state after the enabling provisions of the 1896 New Jersey corporate law were repealed in 1913. The end of the 19th century saw the emergence of holding companies and corporate mergers creating larger corporations with dispersed shareholders. Countries began enacting antitrust laws to prevent anti-competitive practices and corporations were granted more legal rights and protections. The 20th century saw
14616-413: The then managing director, Chris Comerford, was found to have received £9 million when the company acquired the 49% shareholding in a subsidiary that it did not already own. Comerford resigned but four years of litigation between the company and Comerford followed. The Sugar Act, 1991 privatised the entity and it became Greencore at that time. The Act was passed as the company had diversified beyond being
14742-669: Was 37 and 40 years, respectively, compared to 37 and 39 years for those in the whole of Scotland. The place of birth of the town's residents was 94.16% United Kingdom (including 87.85% from Scotland), 0.42% Ireland, 1.33% from other European Union (EU) countries, and 3.09% from elsewhere in the world. The economic activity of residents aged 16–74 was 35.92% in full-time employment, 10.42% in part-time employment, 4.25% self-employed, 5.18% unemployed, 7.82% students with jobs, 4.73% students without jobs, 15.15% retired, 4.54% looking after home or family, 7.92% permanently sick or disabled, and 4.00% economically inactive for other reasons. Compared with
14868-674: Was approximately that of the present City Square. Other presbyterian groups include the Free Church which meet at St. Peters (the historic church of Robert Murray M'Cheyne ). In the Middle Ages Dundee was also the site of houses of the Dominicans (Blackfriars), and Franciscans (Greyfriars), and had a number of hospitals and chapels. These establishments were sacked during the Scottish Reformation , in
14994-539: Was born in Dundee on 1 July 1731, the son of Alexander Duncan of Lundie, Provost of Dundee. Adam was educated in Dundee and later joined the Royal Navy on board the sloop Trial. He rose to be admiral and in October 1797 defeated the Dutch fleet off Camperdown (north of Haarlem). This was seen as one of the most significant actions in naval history. The economy of medieval Dundee centred on the export of raw wool, with
15120-576: Was held by the Jacobites in the 1715–16 rising, and on 6 January 1716 the Jacobite claimant to the throne, James VIII and III (the Old Pretender), made a public entry into the town. Many in Scotland, including many in Dundee, regarded him as the rightful king. A notable resident of Dundee was Adam Duncan, 1st Viscount Duncan of Camperdown, Baron of Lundie (1 July 1731 to 4 August 1804). He
15246-486: Was made a county of itself , removing it from Angus . The city's boundaries were enlarged on numerous occasions, notably in 1913 when it absorbed the neighbouring burgh of Broughty Ferry . From 1975 to 1996, Dundee was governed by the City of Dundee District Council, one of three district-level authorities within the Tayside region. The district was created under the Local Government (Scotland) Act 1973 and covered
15372-484: Was opposed to the notion that businessmen could escape accountability for their role in the failing businesses. In 1892, Germany introduced the Gesellschaft mit beschränkter Haftung with a separate legal personality and limited liability even if all the shares of the company were held by only one person. This inspired other countries to introduce corporations of this kind. The last significant development in
15498-454: Was possible only through a royal charter or a private act and was limited, owing to Parliament's jealous protection of the privileges and advantages thereby granted. As a result, many businesses came to be operated as unincorporated associations with possibly thousands of members. Any consequent litigation had to be carried out in the joint names of all the members and was almost impossibly cumbersome. Though Parliament would sometimes grant
15624-534: Was recognised by the same magazine more than 70 years later, when it claimed that, "[t]he economic historian of the future... may be inclined to assign to the nameless inventor of the principle of limited liability, as applied to trade corporations, a place of honour with Watt and Stephenson , and other pioneers of the Industrial Revolution. " These two features – a simple registration procedure and limited liability – were subsequently codified into
15750-417: Was the first speculative bubble the country had seen, but by the end of 1720, the bubble had "burst", and the share price sank from £1,000 to under £100. As bankruptcies and recriminations ricocheted through government and high society, the mood against corporations and errant directors was bitter. In the late 18th century, Stewart Kyd , the author of the first treatise on corporate law in English, defined
15876-472: Was then raised to royal burgh status on the coronation of John Balliol as King of Scotland in 1292. The city has two mottos: Latin : Dei Donum ('Gift of God') and Prudentia et Candore ('With Thought and Purity') although usually only the latter is used for civic purposes. Dundee was declared a city in 1889, being the first Scottish place to have the title of city explicitly conferred on it rather than assuming it by customary usage. In 1894, Dundee
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