Under a voluntary agreement under corporate law, directors are not personally liable for the company`s debts unless they have provided a personal guarantee. Even if a director has provided a guarantee, a CVA means that a director is only responsible if the company is unable to pay and continues to have a source of income. Jim manages a computer programming business and enters into contracts with Big Bank Inc. to help develop an Internet banking program. Jim and Big Bank Inc. agreed to enter into a voluntary agreement to keep Big Bank Inc. the amounts of Jim`s payments. If you have agreed to an amount, register the agreement with us. If they are accepted, we will send both people a notice with the amount you have agreed.
Third, companies could play a strategic game with regulators. According to Segerson and Miceli (1998), companies are making voluntary wastewater reductions to avoid the introduction of mandatory controls deemed more costly for a certain level of reduction. Wu and Babcock (1999) add the possibility for the regulator to offer a positive incentive for cooperation, such as providing technical expertise in pollution reduction. If the regulator provides such a service at a lower cost than it can provide, the company has other reasons to join a voluntary agreement. Perhaps the main influences on the paths and articulation in higher education are vast economic, technological and social changes. Increased national wealth allows governments to expand higher education and establish institutions in small population centres, greatly expanding access. The increase in personal and family wealth gives people and their children the resources and above all the desire to pursue a higher education. Improved and reduced transportation and communication costs make it much easier for students to study in institutions far from home. These are some of the reasons for the significant expansion of transnational higher education over the past two decades, which has been at the origin of the partnership agreements mentioned above, as well as the many paths and articulation agreements developed between the institutions of different countries.
Distance education or resource education techniques and, more recently, the significant expansion of information and communication technologies have supported many new pathways and joints. This indicates that future developments in curricula and articulation in higher education are likely to be as much influenced as by these general economic, technological and social developments, as well as by measures specifically focused on pathways and articulation in higher education. See also collective agreements as a mechanism for enforcing EU law; European social dialogue and the implementation of the agreements; Common opinions Stress at work.