Vice president and general manager of Oakville Hydro has applied for funding on behalf of the subsidiary Oakville Hydro, in El-Con Construction Inc (El-Con), to Chief Executive Officer Oakville Hydro (CEO). El-Con was requesting $ 450,000 for hydrovac truck and $ 50,000 to cover its working capital needs. The Director-General was pleased with the recent performance of El-Con, but I wonder whether the loan was in the best interests of the Oakville Hydro. The proposal for this funding will require the approval of the board of directors and Oakville Hydro CEO must decide whether to recommend the loan to the board. "Hide
by Elizabeth M. Grasby, Sean Burkett Source: Richard Ivey School of Business Foundation 10 pages. Publication Date: February 2, 2012. Prod. #: W11657-PDF-ENG
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