Browsing by Author "Temesgen, Hailemariam"

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    Dissolution and Winding Up of PLCs under the Ethiopian Law
    (Addis Ababa University, 2017-06) Temesgen, Hailemariam; Petros, Fekadu (Associate Professor)
    Dissolution and winding up of companies comprise the beginning of termination proceedings, liquidation of the company’s assets and liabilities and the proceedings for the extinguishment of a company’s existence. The terms “dissolution” and “winding up” have different usages and meanings in different legal systems. For the English and the British Commonwealth legal systems, “dissolution” is the final stage in the proceeding of terminating a company’s existence that a company is said to be dissolved only if its assets are thoroughly collected, changed into cash and distributed to those entitled persons i.e. creditors and shareholders. Under the Ethiopian law, a company ceases to exist and losses its legal personality after the Commercial registrar cancels its registration and its cancellation has been published in the Official Commercial Gazette. In every Civil Law legal system, including the Ethiopian legal system, dissolution is the very first act that brings the termination of a company’s operations. It is after the completion of the dissolution proceeding, either voluntarily or compulsorily, the winding up of the company is to be carried out that is to mean to liquidate the assets and liabilities of the company. Generally, dissolution and winding up of a company constitutes the initial step or decision to end a company’s existence, finding out of its assets and paying off its liabilities, as well as its final extinguishment. As the principal focus of the study is the dissolution and winding up of PLCs under the Ethiopian law, this study strives to test the adequacy of the Ethiopian law in deliberating and resolving the dissolution and winding up of PLCs; and, in search of model solutions, this study make use of the comparative study of the laws of foreign jurisdictions that have a well developed legal infrastructure which could give us critical guidance to resolve the challenges we face in dealing with the dissolution and winding up of PLCs under our legal system. The writer will also try to uncover what the actual practice looks like from court decisions as well as interviews conducted to practitioners and experts.
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    The Role of Leadership on Strategy Formulation and Execution: The Case of Abay Bank S.C.
    (Addis Ababa University, 2021-08) Temesgen, Hailemariam; Markos, Solomon (PhD)
    This study investigated the Role of Leadership on the Formulation and Execution of Strategy. Particularly, Leadership Commitment, Informed Decision Making, Communication, and Monitoring & Evaluation, were tested empirically and their correlation with Strategy Formulation and Execution in Abay Bank S.C. was examined. The study used a quantitative research approach, an explanatory research design based on data collected through questionnaires and a simple random sampling technique on a total sampling frame of 167 employees with a sample size of 118 employees found in four branches and the Head office of Abay Bank S.C. in Addis Ababa. The study concluded that all the independent variables studied had significant and positive effect on the dependent variable. It was found 51.6% of changes in Strategy Formulation and Implementation was explained by the variables under the study; namely, Leadership Commitment, Informed Decision Making, Communication, and Monitoring and Evaluation. Role of Communication was the strongest predictor on the Strategy Formulation and Execution in Abay Bank S.C. The study recommended that the leadership of the bank should work on the four roles of leadership, in particular in Communication, in order to increase the effectiveness of the strategic management process and get closer to the vision of the bank