Question: II- Case studies Case study 1: ISEULT Ltd. ISEULT Ltd. is a subsidiary of DAPHNE Ltd. DAPHNE Ltd. is listed on the New York Stock

II- Case studies Case study 1: ISEULT Ltd. ISEULT

II- Case studies Case study 1: ISEULT Ltd. ISEULT Ltd. is a subsidiary of DAPHNE Ltd. DAPHNE Ltd. is listed on the New York Stock Exchange. The directors of ISEULT company are revoked, in a sudden and unexpected way, during the annual general meeting on June 15th. The new board of directors meets at the end of the day. As soon as elected, the Chairman Mr. LEONIE dictates the summons to a preliminary interview of the chief accountant and the purchasing manager, with the aim of dismissal for serious misconduct, with immediate suspension. He decides to hire his wife. The board validates this decision. He then dictates the employment contract of his wife. The document indicates that both positions (chief accountant and purchasing manager) can be held by the same person in case they become vacant, whatever the cause. The chief financial officer, informed in the evening, resigns. Two days later, Mr. LEONIE accepts his resignation, dispenses him from completing its notice period, and decides to abolish this position. To simplify and shorten the circuits, he then delegates financial signing authority to the purchasers. What is your opinion about ISEULT Ltd. 's internal environment

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