Definition and Examples of Foreigner Talk

The term foreigner talk refers to a simplified version of a language thats sometimes used by native speakers when addressing non-native speakers. Foreigner talk is closer to baby talk than to pidgin, says Eric Reinders. Pidgins, creoles, baby talk, and foreigner talk are quite distinct as spoken but nonetheless tend to be perceived as similar by those adult native speakers who are not fluent in pidgin (Borrowed Gods and Foreign Bodies, 2004).As discussed by Rod Ellis below, two broad types of foreigner talk are commonly recognized--ungrammatical and grammatical.The term foreigner talk was coined in 1971 by Stanford University professor Charles A. Ferguson, one of the founders of sociolinguistics. Quotes About Foreigner Talk Hans Henrich Hock and Brian D. Joseph: We know that in addition to increase in volume, decrease in speed, and a chunky, word-by-word delivery, Foreigner Talk exhibits a number of peculiarities in its lexicon, syntax, and morphology, most of them consisting in attrition and simplification.In the lexicon, we find most noticeably an attrition in terms of the omission of function words such as a, the, to, and. There is also a tendency to use onomatopoetic expressions such as (airplanes--) zoom-zoom-zoom, colloquial expressions such as big bucks, and words that sound vaguely international such as kapeesh.In the morphology, we find a tendency to simplify by omitting inflections. As a consequence, where ordinary English distinguishes I vs. me, Foreigner Talk tends to use only me. Rod Ellis: Two types of foreigner talk can be identified--ungrammatical and grammatical. . . .Ungrammatical foreigner talk is socially marked. It often implies a lack of respect on the part of the native speaker and can be resented by learners. Ungrammatical foreigner talk is characterized by the deletion of certain grammatical features such as copula be, modal verbs (for example, can and must) and articles, the use of the base form of the verb in place of the past tense form, and the use of special constructions such as no verb. . . . There is no convincing evidence that learners errors derive from the language they are exposed to.Grammatical foreigner talk is the norm. Various types of modification of baseline talk (i.e. the kind of talk native speakers address to other native speakers) can be identified. First, grammatical foreigner talk is delivered at a slower pace. Second, the input is simplified. . . . Third, grammatical foreigner talk is sometimes regularized. . . . An examp le . . . is the use of a full rather than a contracted form (will not forget instead of wont forget). Fourth, foreigner talk sometimes consists of elaborated language use. This involves the lengthening of phrases and sentences in order to make the meaning clearer. Mark Sebba: Even if conventionalized foreigner talk is not involved in all cases of pidgin formation, it seems to involve principles of simplification which probably play a role in any interactive situation where the parties have to make themselves understood to each other in the absence of a common language. Andrew Sachs and John Cleese, Fawlty Towers: Manuel:  Ah, your horse. It win! It win!Basil Fawlty:  [wanting him to keep quiet about his gambling venture] Shh, shh, shh, Manuel. You  - know - nothing.Manuel:  You always say, Mr. Fawlty, but I learn.Basil Fawlty:  What?Manuel:  I learn. I learn.Basil Fawlty:  No, no, no, no, no.Manuel:  I get better.Basil Fawlty:  No no. No no, you dont understand.Manuel:  I do.Basil Fawlty:  No, you dont.Manuel:  Hey, I do understand that!

Niccolo Machiavelli and Political Philosophy Essay

Niccolo Machiavelli and Political Philosophy Niccolo Machiavelli is revered as the founder of modern political philosophy. He was considered a realist because he concerned himself only with the political situations that actually arose in reality, where as previous philosophers were concerned largely with the theoretical politics of an idealist perfect society. In Machiavellis The Prince, written to the ruler of Florence at the time, Lorenzo de Medici, he analyzes the characteristics of numerous past rulers. In doing so, Machiavelli presents Medici with a sort of guidebook of successful political practices. Machiavelli goes against Platonic philosophy. Whereas Plato believed that human kind was virtuous by nature, with†¦show more content†¦Machiavelli begins by saying that the most difficult thing for a ruler to do is to acquire a new kingdom. This may be accomplished one of two ways, either by the arms of others or by ones own, either by fortune or virtue. What he means by the arms of others and fortune is mona rchs that inherit their kingdoms. When Machiavelli refers to using ones own arms or virtue, he is in fact equating virtue with force. By advocating the use of force, Machiavelli became the first political thinker to suggest power politics. According to Machiavelli, acquiring a kingdom by force is perfectly all right, because the desired end justifies any means necessary to achieve it. He does however instruct Medici as to the good and bad use of cruelties. By this, Machiavelli is referring to both the effective and non-effective uses of force. Machiavelli states that Good use is when#8230;is when they [acts of cruelty] are perpetrated all at once#8230;and subsequently not repeated. Much like the reign or terror instituted by C. Marius in the late Roman republic or the killing of the Russian royal family during the Bolshevik Revolution of 1917. Machiavelli advocated the swift use of blatant force to kill off the opposition as well as to strike fear into the hearts of the masses. Over time the ruler may make the use of his force less often, thus giving him the appearance of being kind. Machiavelli goes on to say that the bad use of cruelty is when theyShow MoreRelatedThe Political Philosophy Of Niccolo Machiavell i And Socrates1444 Words   |  6 PagesAmong the most well-known and notorious philosophers, Niccolo Machiavelli and Socrates laid the groundwork for western political philosophy and modern day politics. Though both lived through times of political transition and war, the fragility of their politics, violence of their wars, and the leaders they lived under influenced the development of their differing ideologies about the governing of principalities. 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Discuss the issues related to the widespread adoption of e-books Free Essays

Since the modern information age arrived, businesses, educational institutions and governments have increasingly used the internet to disseminate information to their targeted groups. In the process, e-books have been increasingly adopted as an important medium for delivering educational information. The widespread adoption of e-books has however raised a number of issues, ranging from copyright issues to issues of acceptance. We will write a custom essay sample on Discuss the issues related to the widespread adoption of e-books or any similar topic only for you Order Now In this essay, the author aims to discuss the various issues that have risen as a result of adoption of e-books. First of all, e-books threaten the traditional book publishing industry (Carey, 2006). E-books are particularly cheap to reproduce and distribute since they do not involve any paper printing, cover printing, warehousing and shipment. All a user has to do is point at a URL and click on the title he or she wants, and the e-book can be downloaded either for free or for a comparatively small fee. Publishing companies like Macmillan and Wiley have had a long standing dispute with major e-book distributor Amazon over this issue since the sales of traditional hardcover books have plummeted after the introduction of e-books (Carey, 2006). Secondly, there has been an issue of copyright infringement (Kelly, 2006). The World Wide Web has many websites that have been built primarily for file sharing. An e-book can be purchased only once and subsequently posted in many sites where users from all over the world can download it free. The author or the publisher of the book therefore does not profit from the efforts put in towards delivering the work (Kelly, 2006). This trend has even been reported with books which have not been released in e-book format: a buyer will digitize it maybe by scanning the pages and then publish it to the internet where everyone can have free access to the full content. No matter how law enforcers try, this has been one tendency which is virtually impossible to stop. Copyright issues aside, the proliferation of e-books has raised issues surrounding the unavailability of efficient devices for reading or extracting the content (Rothman, 2006). Most readers access the content in e-books by using a laptop or a desktop computer, but there have been numerous complains that too much exposure to the radiation from computer monitors causes eye and brain fatigue. The smaller devices available like Personal Digital Assistants (PDAs) and mobile telephones are too small and a user cannot read the content comfortably from such. In addition to this, all devices used in reading e-books are technology-based, and users have to be conversant with these technologies so as to be able to exploit the benefits of the e-book revolution. Finally, there have been acceptance issues in the adoption of e-books in the contemporary reading culture (Nelson, 2008). Generations of readers have grown up reading paper books (printed books) and have gotten so used to this that making the transition to e-books is not a very comfortable venture. Many students have continued to prefer printed paper and only use e-books for referencing purposes. The reading society is not as biased towards modern technologies as everyone would like to assume. According to statistics, many college students and faculties have continued to exhibit preference for paper books (p-books) over e-books for research, textbooks and for leisure reading (Nelson, 2008). All in all, technology is continually becoming popular, and despite the issues related to widespread adoption of e-books, digital libraries are becoming a force to reckon with in the literary scene. How to cite Discuss the issues related to the widespread adoption of e-books, Papers

Corporate Governance of Standard Bank Group - myassignmenthelp

Question: Discuss about theCorporate Governance of Standard Bank Group for Fianciers. Answer: Introduction Corporate governance is a set of rules and principles that the company formulates in order to control their business processes and business environment. The rules and principles that are set by the business are for various departments and employees working over there. Corporate governance involves various attributes such as code of ethics, value of principal agents, role of management and others. It also helps in managing the interest held by various stakeholders of the company such as the customers, directors, employees, financers and community. Corporate governance is such a system of practices, rules and processes through which a company is controlled and directed. Corporate governance involves balancing the interests of a company and it involves stakeholders, suppliers, customers, fianciers, government, management and the community. It also provides the framework for attaining the objectives of the company and thus it encompasses every sphere of management from controlling the ac tions to corporate disclosure and performance of management. The essay will discuss about the corporate governance of Standard Bank Group of South Africa. It will analyze the code of ethics, value of agents and other important parameters under the companys corporate governance. The board of members of Standard Group who are involved in corporate governance and providing leadership are based on different ethical foundations. They are responsible for the success of the bank and also fulfilling the interest of the stakeholders. The detailed role and responsibilities of the bank are set up by the board members. The board mandate takes special care to incorporate the principles of corporate governance and thus comply with the provisions of the companies act. The board of governance of the Standard Group has certain functions to perform to its committee along with the corporate governance framework. The executive of the bank engages them in critical decisions of the bank. The board of mem bers of the Standard Group conducts monthly meeting and thus various discussions are held for the improvement of the bank (Dermine 2013). Discussion Principal agent theory is one of the parts of corporate governance that shows the state of affairs in which one principal or the stakeholder takes the decision on behalf of an agent or the management. Standard Bank Group of South Africa follows a high standard in its corporate governance. The bank complies with the regulations that have been put forward with the legislation. The bank is also enhancing their corporate governance strength with the expansion of its ranches to other countries and region. The organization is involved in taking continuous initiative to improve their corporate governance hold in order to benefit the stakeholders (Bovens, Goodin, and Schillemans 2014). The board of directors is involved in formulating the rules and regulation of the bank that can comply with the needs of the international practices. These principles needs to be followed by the every agents of the firm such as the subsidiary firms, Stanbic IBTC Holdings, managers, trustees, stockholders inves tors and others. The subsidiary of the company complies by these rules made by the stakeholders and uses it in their own governance. The corporate governance body also advices the subsidiaries about the maximum risk tolerance limit by the bank. The board of directors and other auditors of the company seek permission from the stakeholders of the bank on certain actions whose rights are particularly reserved with the stakeholders. The stakeholders or boards of the group take all the governance decision. They are the one that forms all the governance rule of the bank and offer effective leadership on it after evaluating the ethical concern of the organization (Filatotchev, Jackson, and Nakajima 2013). The board comes up with various principles of the corporate governance according to the Companies Act, which the stakeholders and other bodies of the group need to follow. The board of the organization is of appropriate size consisting of twenty directors of the group. The board of the group such as the Chairman and the chief executive follows several roles. Some of the roles are setting ethical tone, leading the committee, maintaining the trust of the stakeholders, appointing executive team, formulating groups strategy, establishing an appropriate organizational structure and others. The board is the principal that formulates the rules and regulation of the governance and other bodies are the agents that need to follow the rules in the interest of the organization. In 2016, the group held a total of six meeting in which the board decided about various strategies of the bank (Crane, and Matten 2016). The member of the board such as the chairman, chief executive and secretary set the agenda of the group. The meeting decided about certain important critical matters about administration and compliance. The meeting also allowed the peers and non-executive directors to share their views about the rules and regulation of the company in the absence of chief executive. The meeting finalized certain governance for the company such as the retirement of the financial director, appointment of five non-executive directors, promoted the policy of gender diversity and considered the report put forward by the King Code 4. The board also shows diversity in a broadest sense in order to ensure that diversity is maintained in the workplace as well by other member of the bank. However, it is seen that the directors of the business does not take part in the business meeting in cases when the board thinks it might lead to conflicts. At those cases the directors of the bank does not take part in any business matters discussed in the meeting. Further, it is noticed that the directors o f the company are offered with the governance manual in which all the details about the governance is provided. The details contained under the corporate governance report are the governance structures, mandates, important policies, legislations, and others. The directors are informed about this crucial information along with the regulations, code of conduct, changes made in the rules. This governance manual helps them to direct and assist other member of the bank residing in different branches. Thus here there are various stages of principal and agent relationship found in the banking environment. One such pair is the board and the directors in which the board is the principal and the directors are the agents. On the other hand the another pair is of the directors and the staffs in which the directors are the principal that direct the staffs about the governance rule with the help of the manual (Garca-Snchez et al. 2015). Code of ethics shows the mission and vision of the organization in relation to the values and ethics. It states the ways by which the directors and other bodies of the organization as well as the employees should approach each other. It also states the principles and ethics lying at the core of an organization and the amount of professionalism maintained by the people. Code of ethics is also known as ethical code in some of the organization that guides the member of the organization to know the difference between right and wrong within the campus. These codes of ethics are adopted by both governmental and nongovernmental organization to carry out their professional responsibility effectively. For the purpose few organizations carry out code of practice under which they discuss about the issues, decision, rules that the personals of the organization needs to maintain during their course of professional practice (Mason and Simmons 2014). Standard Bank Group also maintains a code of eth ics that defines their values within the organization throughout its branches. The ethical values maintained by the bank ensure that they carry out their business at a right way in the right direction. For the purpose, the bank has put forward, certain codes that are the laws the personals of the business needs to follow. These codes of ethics are also essential for the organization to get the trust of their shareholders. This is because the stakeholders are imperative to the organization and they have trust on the organization only if follows certain rules and trails of professionalism. The Standard Bank Group decides on the values that need to be followed by every brand of the bank. The code is mostly related to corruption, corporate governance and harassment within the premises of the bank. These ethics are applied at every place wherever the banks are operative. The globally recognized code put forward by the group is the King Code (Salvioni and Astori 2015). The code of ethics made by the company needs to be followed by each of its members including the board. The ethical values that are put forward by the group are also made aligned with the policies and procedures followed by the group. This is done to assist the employees, boards and others to easily follow the code of conduct. The group has formulated eight values for the organization to deal effectively with the stakeholders, customers and other members of the bank. While making the values the bank keeps in mind that customers are important and thus they should always be at the front of any policies. The important values of the bank are adequate customer service, growth of companys personals, offering the best to our stakeholders, effective teamwork, holding respect for each other irrespective of the designation one holds and various other values that shows the ethics of the bank (Waemustafa and Abdullah 2015). The company also follows certain working ways that can comply with their values and ethics such as the bank participates in any activity in a careful way and tries to avoid sudden reactions or actions for any situation that might prove to be wrong in future. The organization beliefs on the benefits of teamwork rather than working individually. These methods are followed across various branches of the bank and across countries. Further, the team works accordingly to maintain the dignity of each other as well as of the bank. The bank maintains a sense of respect within its environment and outside of Standard Bank. The organization makes it clear to it people that integrity is to be maintained in the environment of the bank. The bank has also formulated certain principles as well, that has been decided by the group such as fair relationship with the customers, offering the best service and products to the customers, keep informing the customers, analyzing the needs f the customers These are some of the important principle the bank and it is noticed that most of its principles focuses on building strong customer relationship as they are the one that gives business to the bank. The second important parameters of our value giving are the stakeholders that help the business to attract customers and investors for the bank. These are some of the code of ethics that the bank follows within its business environment and with the external partners. The next factor that comes into concern about corporate governance of an organization is the management that plays a great role in both formulating the governance as well as following it. The board of the company is responsible in carrying out the day-to-day task of the company regarding business activities and the ethical values. The board consists of chief executive officer, the executive board and some of the external board members. The executive committee of the Standard Bank Group is Group chief executives, Group financial director, chief executives, Group chief compliance officer, Group chief information officer and others. Each of these members is responsible of some work or the other contributing to the growth of the organization and maintaining its dignity in the bank. The management is responsible for various activities such as for board meeting, administrative work, maintaining daily data, carrying out remuneration work, auditing and various other activities. Each of the r esponsibility is carried out by various leaders and members assigned for it. The bank has formed a committee consisting of all the required members of management and has divided the responsibilities accordingly. A director affairs committee includes all the directors of eh bank and are determined to manage the corporate governance of the organization. The committee also makes sure that the people responsible for it properly maintain the laws, regulations and codes. The group of the director committee is also responsible for further duties such as reviewing the corporate governance report put forward by the board and prove that the report is achievable. The committee also has to recommend various section of the organization about the ways they should conduct their job responsibly. Another committee is the group audit committee that carries out all the audit work (Haan and Vlahu 2016). All the corporate organizations in South Africa are aware of Kings Report on corporate governance. The managers of the standard bank group apply the principles of King Code IV which was released in 2009. The managers started using this method from 2015 which was released for public comment by the Institute of Directors in South Africa. The King IV approach provides an integrated approach to corporate governance by encompassing the social, economic and environmental spheres. Various effective and quality corporate behaviors also provide different ways to mitigate the social and economic challenges. King IV provides broader scope and acceptance of corporate governance and thus makes it accessible to the organizations (Yeh et al. 2013). Moreover, King IV also focuses on apply and explain rather than apply or explain which was encouraged by King III. However, earlier King III aimed at encouraging the quantitative explanation and application on how the principle gets affected. Whereas Kin g IV tries to stipulate the minimum requirements for different types of remuneration policies and also provides that the adoption of such policies will be possible through 75% non advisory vote of the stakeholders (Chu et al. 2016). In such a case, the stakeholder approach will also require that the governing body will balance, weigh and consider the legitimate interests, needs and expectations of different stakeholders in taking important decisions for the upliftment of the organization. The managers of Standard Group will try to promote corporate governance which will help in the integral running of the organization and thus deliver an ethical culture. They will also try to enhance the performance of the employees which will help in value creation of the bank. The managers will also allow the governing body of the bank to take adequate and effective control measures. This will help in creation of trust among the employees in the organization (Qian and Yeung 2015). As corporate governance mentioned by King IV is the exercise of ethical and effective leadership which is to be implemented by the governing body. The managers of Standard Group will follow this type of leadership and thus provide strategic direction to the employees. They will also use different approving policies so that they can apply the strategies effectively. This type of ethical leadership by the managers will help in building an ethical culture in the organization. The principles which are associated with King IV is drafted in such a way that the managers will be imposed with different type of governance duties in the organization which will help them in setting effective tone and examples in the organization. They need to be unifie4d on these matters which will fulfill the core purpose of the organization, values and role of the stakeholders, the culture of the organization, legitimate grouping of the stakeholders in fulfilling their interests, needs and expectations (Faleye and Krishnan 2017). The managers of Standard Group must assume the responsibility of the organization and they must also try to protect the financial resources, social, intellectual, relational, human and natural capital. Moreover, the managers must also be responsible for the decisions and the actions which are to be taken by the stakeholders. This accountability must follow the designation and assumption of the responsibility which are to be taken by the managers. The governance structure which is adopted by the managers should connect to the responsibility and accountability of their post. Thus, it is the responsibility of the managers to communicate clearly with the employees as well as the stakeholders. It is also the duty of the mangers of Standard Group to ensure that the decisions taken by them are legitimate and reasonable which will help in fulfilling the expectations, needs and interests of the stakeholders (Tricker and Tricker 2015). The managers of Standard Group must ensure that the reports and disclosures of the stakeholders must be made in such a way that it is easier to assess the performance of the employees and it includes the impact of the organizational activities. The ability to sustain the creation of value is also the motive of the organization. The banks should aim for building stronger ethical culture which is known as self-policing. The cost of failure in managing the ethics will also be very high (Calomiris and Carlson 2016). The managers of the bank also focus on opportunity management and thus it proposes risk and opportunity committee in the bank who will take special measures and care of the different departments. Several meetings are held to address the agendas in the bank which are responsible for audit and management of risk in the bank. Moreover, there must be a separate audit committee which will oversee the accounts related and audit issues. It is also the duty of the manager of Standard Group to check the functioning of the various departments of the bank. Moreover, the mangers are also responsible for the ethical conduct of the stakeholders and keep a close monitoring of them through the stakeholder inclusive approach. Thus, it can be said that the policies of King IV helps the managers in the refinement of the bank (Berger et al. 2016). There are different ways and a board who are responsible for assessing the role of corporate governance. These board members are responsible for managing the risk of various activities of the bank on daily basis. They will also be responsible for overseeing the risks and providing robust challenges to the management team. They will also be responsible for independent assurance or third party line of defence. The monitoring will be done by the head of the bank or the business unit. They will be responsible for balance sheet management and capital management. Moreover, they will also be responsible for divisional risk and compliance functions. The board of directors will also be responsible for ensuring that that proper wand responsible person is involved in the management team (Armstrong et al. 2015). The next level of members who are responsible for corporate governance are the chief risk officer and the chief compliance officers. The third group of members who are responsible for co rporate governance are the internal and the external auditors of the bank. They will also be responsible for different outsourcing and implementation policies of the bank which will guide the accountability for any activity. Standard Bank Group has given more importance to King III group which has advocated and implemented the governance structure and supported leadership, corporate citizenship and sustainability. In order to create transparency in the organizational structure in accordance with the various lines of responsibility, the Bank has established a separate governance structure. They will be responsible for effective and full control of the group and its responsibility and accountability for measuring the performance of the group. This includes reviewing and monitoring the corporate strategies through the establishments of different key policies and objectives, determination of the risk, preference and tolerance of the group, understanding the risk which is to be faced by the government as well as the bank. The board is also responsible for the overall responsibility of the entire management group and also maximizing the value of the shareholders. In performing its different responsibilities, the board members are supported by the senior managers of the bank along with different panels and forums of the bank. The committee who is responsible in these will have specific charter and reference and thus they can provide assistance to the board members. Moreover, the bank also has different committees and thus they also provide support to the governance team in performing their duties. The various mechanisms such as the strategies, policies and processes which are to be implemented for providing support to the governance committee are also to be taken care of by the board members. The nomination committee also assists the board members in identifying the suitable and the correct members who can address the requirements in terms of their knowledge and skil ls. This committee will also be responsible for succession planning, dismissal, appointments, reviewing committee structures and remuneration policies. The remuneration committee plays an independent role to oversee the various processes which are associated with remuneration and to consider and approve the issues and approvals which are associated with remuneration. The committee also assigns that the remuneration policy is aligned accordingly and it will also help in promotion of the strategic objectives of the bank. The social, ethics and transformation committee is a mandatory board that will discharge the activities of evaluation and monitoring roles. They will focus on economic empowerment and employability of the community members in the bank. The risk and the ethical committee will relate to the ethical behavior within the group members. The role of the actuarial committee will be to act like a sounding board for the bank (James and Joseph 2015). The audit committee and the statutory actuary in relation to the actuarial and other related matters of technical nature will discharge the functions towards the shareholders and the policyholders of the bank. They will also be responsible in statutory actuary and thus fulfilling the statutory and professional responsibilities. The fair practice committee will be responsible for carrying out different functions of the bank such as ensuring fair treatment to the customers as it is the main responsibility of embedding the corporate value at various levels within the bank. They are also responsible for various discretionary functions and ensuring that compliance is done accordingly. This board will act as an independent governance forum and thus they will be responsible for overseeing the implementation of adherence from and treating the customers fairly in accordance with the regulation committee. The risk and compliance committee also assist the board members in discharging different kinds of responsibility for the various processes which are associated with different types of management and compliance issues. This committee will review the overall compliance to the significant regulations and laws. Thus, the corporate governance team will enable the delivery and discharge of effective governance to demonstrate adequate control in successful operation (Claessens and Yurtoglu 2013). Conclusion Thus, it can be said that corporate governance plays an important role in all organizations. The board of directors who are the primary stakeholders plays an important role in influencing corporate governance. The directors are elected by the shareholders or are appointed by different board members. The code of ethics of Standard bank ensures that they do the right business in correct time by complying with the different laws and rules. The code of ethics is informed by the ethical standards of the bank. The bank also has a subsidiary framework governance body that will ensure consistent application of sound governance of the organization. The mechanisms are framed in consultation with the employees and the stakeholders of the bank. Therefore, careful management of the boards planning plays an effective role in corporate governance. References Allen, Franklin, Xian Gu, and Oskar Kowalewski. "Corporate governance and intra-group transactions in European bank holding companies during the crisis." InGlobal Banking, Financial Markets and Crises, pp. 365-431. Emerald Group Publishing Limited, 2013. Armstrong, Chris, Wayne R. Guay, Hamid Mehran, and Joseph Weber. "The role of information and financial reporting in corporate governance: A review of the evidence and the implications for banking firms and the financial services industry." (2015). Berger, Allen N., Bjrn Imbierowicz, and Christian Rauch. "The roles of corporate governance in bank failures during the recent financial crisis."Journal of Money, Credit and Banking48, no. 4 (2016): 729-770. Bovens, Mark, Robert E. Goodin, and Thomas Schillemans, eds.The Oxford handbook public accountability. Oxford University Press, 2014. Calomiris, Charles W., and Mark Carlson. "Interbank networks in the national banking era: their purpose and their role in the panic of 1893."Journal of Financial Economics(2017). Chu, Chien-Chi, Ying-Maw Teng, and Hsiu-Ling Lee. "Does Law Matter for Corporate Governance and MA Performance in Banks? Evidence Under the Financial Institutions Merger Act in Taiwan."Emerging Markets Finance and Tradejust-accepted (2016). Claessens, Stijn, and B. Burcin Yurtoglu. "Corporate governance in emerging markets: A survey."Emerging markets review15 (2013): 1-33. Crane, Andrew, and Dirk Matten.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press, 2016. Dermine, Jean. "Bank corporate governance, beyond the global banking crisis."Financial Markets, Institutions Instruments22, no. 5 (2013): 259-281. Faleye, Olubunmi, and Karthik Krishnan. "Risky lending: Does bank corporate governance matter?."Journal of Banking Finance83 (2017): 57-69. Filatotchev, Igor, Gregory Jackson, and Chizu Nakajima. "Corporate governance and national institutions: A review and emerging research agenda."Asia Pacific Journal of Management30, no. 4 (2013): 965-986. Garca-Snchez, Isabel-Mara, Luis Rodrguez-Domnguez, and Jos-Valeriano Fras-Aceituno. "Board of directors and ethics codes in different corporate governance systems."Journal of Business Ethics131, no. 3 (2015): 681-698. James, Bernadette Josephine, and Corina Joseph. "Corporate governance mechanisms and bank performance: Resource-based view."Procedia Economics and Finance31 (2015): 117-123. Mason, Chris, and John Simmons. "Embedding corporate social responsibility in corporate governance: A stakeholder systems approach."Journal of Business Ethics119, no. 1 (2014): 77-86. Qian, Meijun, and Bernard Y. Yeung. "Bank financing and corporate governance."Journal of Corporate Finance32 (2015): 258-270. Salvioni, Daniela M., and Riccardo Astori. "Sustainable development and global responsibility in corporate governance." (2015). Tricker, RI Bob, and Robert Ian Tricker.Corporate governance: Principles, policies, and practices. Oxford University Press, USA, 2015. Waemustafa, Waeibrorheem, and Azrul Abdullah. "Mode of islamic bank financing: does effectiveness of shariah supervisory board matter?." (2015). Yeh, Yin-Hua, Pei-Gi Shu, and Shean-Bii Chiu. "Political connections, corporate governance and preferential bank loans."Pacific-Basin Finance Journal21, no. 1 (2013): 1079-1101. Haan, Jakob, and Razvan Vlahu. "Corporate governance of banks: A survey."Journal of Economic Surveys30, no. 2 (2016): 228-277.

Corporate Governance of Standard Bank Group - myassignmenthelp

Question: Discuss about theCorporate Governance of Standard Bank Group for Fianciers. Answer: Introduction Corporate governance is a set of rules and principles that the company formulates in order to control their business processes and business environment. The rules and principles that are set by the business are for various departments and employees working over there. Corporate governance involves various attributes such as code of ethics, value of principal agents, role of management and others. It also helps in managing the interest held by various stakeholders of the company such as the customers, directors, employees, financers and community. Corporate governance is such a system of practices, rules and processes through which a company is controlled and directed. Corporate governance involves balancing the interests of a company and it involves stakeholders, suppliers, customers, fianciers, government, management and the community. It also provides the framework for attaining the objectives of the company and thus it encompasses every sphere of management from controlling the ac tions to corporate disclosure and performance of management. The essay will discuss about the corporate governance of Standard Bank Group of South Africa. It will analyze the code of ethics, value of agents and other important parameters under the companys corporate governance. The board of members of Standard Group who are involved in corporate governance and providing leadership are based on different ethical foundations. They are responsible for the success of the bank and also fulfilling the interest of the stakeholders. The detailed role and responsibilities of the bank are set up by the board members. The board mandate takes special care to incorporate the principles of corporate governance and thus comply with the provisions of the companies act. The board of governance of the Standard Group has certain functions to perform to its committee along with the corporate governance framework. The executive of the bank engages them in critical decisions of the bank. The board of mem bers of the Standard Group conducts monthly meeting and thus various discussions are held for the improvement of the bank (Dermine 2013). Discussion Principal agent theory is one of the parts of corporate governance that shows the state of affairs in which one principal or the stakeholder takes the decision on behalf of an agent or the management. Standard Bank Group of South Africa follows a high standard in its corporate governance. The bank complies with the regulations that have been put forward with the legislation. The bank is also enhancing their corporate governance strength with the expansion of its ranches to other countries and region. The organization is involved in taking continuous initiative to improve their corporate governance hold in order to benefit the stakeholders (Bovens, Goodin, and Schillemans 2014). The board of directors is involved in formulating the rules and regulation of the bank that can comply with the needs of the international practices. These principles needs to be followed by the every agents of the firm such as the subsidiary firms, Stanbic IBTC Holdings, managers, trustees, stockholders inves tors and others. The subsidiary of the company complies by these rules made by the stakeholders and uses it in their own governance. The corporate governance body also advices the subsidiaries about the maximum risk tolerance limit by the bank. The board of directors and other auditors of the company seek permission from the stakeholders of the bank on certain actions whose rights are particularly reserved with the stakeholders. The stakeholders or boards of the group take all the governance decision. They are the one that forms all the governance rule of the bank and offer effective leadership on it after evaluating the ethical concern of the organization (Filatotchev, Jackson, and Nakajima 2013). The board comes up with various principles of the corporate governance according to the Companies Act, which the stakeholders and other bodies of the group need to follow. The board of the organization is of appropriate size consisting of twenty directors of the group. The board of the group such as the Chairman and the chief executive follows several roles. Some of the roles are setting ethical tone, leading the committee, maintaining the trust of the stakeholders, appointing executive team, formulating groups strategy, establishing an appropriate organizational structure and others. The board is the principal that formulates the rules and regulation of the governance and other bodies are the agents that need to follow the rules in the interest of the organization. In 2016, the group held a total of six meeting in which the board decided about various strategies of the bank (Crane, and Matten 2016). The member of the board such as the chairman, chief executive and secretary set the agenda of the group. The meeting decided about certain important critical matters about administration and compliance. The meeting also allowed the peers and non-executive directors to share their views about the rules and regulation of the company in the absence of chief executive. The meeting finalized certain governance for the company such as the retirement of the financial director, appointment of five non-executive directors, promoted the policy of gender diversity and considered the report put forward by the King Code 4. The board also shows diversity in a broadest sense in order to ensure that diversity is maintained in the workplace as well by other member of the bank. However, it is seen that the directors of the business does not take part in the business meeting in cases when the board thinks it might lead to conflicts. At those cases the directors of the bank does not take part in any business matters discussed in the meeting. Further, it is noticed that the directors o f the company are offered with the governance manual in which all the details about the governance is provided. The details contained under the corporate governance report are the governance structures, mandates, important policies, legislations, and others. The directors are informed about this crucial information along with the regulations, code of conduct, changes made in the rules. This governance manual helps them to direct and assist other member of the bank residing in different branches. Thus here there are various stages of principal and agent relationship found in the banking environment. One such pair is the board and the directors in which the board is the principal and the directors are the agents. On the other hand the another pair is of the directors and the staffs in which the directors are the principal that direct the staffs about the governance rule with the help of the manual (Garca-Snchez et al. 2015). Code of ethics shows the mission and vision of the organization in relation to the values and ethics. It states the ways by which the directors and other bodies of the organization as well as the employees should approach each other. It also states the principles and ethics lying at the core of an organization and the amount of professionalism maintained by the people. Code of ethics is also known as ethical code in some of the organization that guides the member of the organization to know the difference between right and wrong within the campus. These codes of ethics are adopted by both governmental and nongovernmental organization to carry out their professional responsibility effectively. For the purpose few organizations carry out code of practice under which they discuss about the issues, decision, rules that the personals of the organization needs to maintain during their course of professional practice (Mason and Simmons 2014). Standard Bank Group also maintains a code of eth ics that defines their values within the organization throughout its branches. The ethical values maintained by the bank ensure that they carry out their business at a right way in the right direction. For the purpose, the bank has put forward, certain codes that are the laws the personals of the business needs to follow. These codes of ethics are also essential for the organization to get the trust of their shareholders. This is because the stakeholders are imperative to the organization and they have trust on the organization only if follows certain rules and trails of professionalism. The Standard Bank Group decides on the values that need to be followed by every brand of the bank. The code is mostly related to corruption, corporate governance and harassment within the premises of the bank. These ethics are applied at every place wherever the banks are operative. The globally recognized code put forward by the group is the King Code (Salvioni and Astori 2015). The code of ethics made by the company needs to be followed by each of its members including the board. The ethical values that are put forward by the group are also made aligned with the policies and procedures followed by the group. This is done to assist the employees, boards and others to easily follow the code of conduct. The group has formulated eight values for the organization to deal effectively with the stakeholders, customers and other members of the bank. While making the values the bank keeps in mind that customers are important and thus they should always be at the front of any policies. The important values of the bank are adequate customer service, growth of companys personals, offering the best to our stakeholders, effective teamwork, holding respect for each other irrespective of the designation one holds and various other values that shows the ethics of the bank (Waemustafa and Abdullah 2015). The company also follows certain working ways that can comply with their values and ethics such as the bank participates in any activity in a careful way and tries to avoid sudden reactions or actions for any situation that might prove to be wrong in future. The organization beliefs on the benefits of teamwork rather than working individually. These methods are followed across various branches of the bank and across countries. Further, the team works accordingly to maintain the dignity of each other as well as of the bank. The bank maintains a sense of respect within its environment and outside of Standard Bank. The organization makes it clear to it people that integrity is to be maintained in the environment of the bank. The bank has also formulated certain principles as well, that has been decided by the group such as fair relationship with the customers, offering the best service and products to the customers, keep informing the customers, analyzing the needs f the customers These are some of the important principle the bank and it is noticed that most of its principles focuses on building strong customer relationship as they are the one that gives business to the bank. The second important parameters of our value giving are the stakeholders that help the business to attract customers and investors for the bank. These are some of the code of ethics that the bank follows within its business environment and with the external partners. The next factor that comes into concern about corporate governance of an organization is the management that plays a great role in both formulating the governance as well as following it. The board of the company is responsible in carrying out the day-to-day task of the company regarding business activities and the ethical values. The board consists of chief executive officer, the executive board and some of the external board members. The executive committee of the Standard Bank Group is Group chief executives, Group financial director, chief executives, Group chief compliance officer, Group chief information officer and others. Each of these members is responsible of some work or the other contributing to the growth of the organization and maintaining its dignity in the bank. The management is responsible for various activities such as for board meeting, administrative work, maintaining daily data, carrying out remuneration work, auditing and various other activities. Each of the r esponsibility is carried out by various leaders and members assigned for it. The bank has formed a committee consisting of all the required members of management and has divided the responsibilities accordingly. A director affairs committee includes all the directors of eh bank and are determined to manage the corporate governance of the organization. The committee also makes sure that the people responsible for it properly maintain the laws, regulations and codes. The group of the director committee is also responsible for further duties such as reviewing the corporate governance report put forward by the board and prove that the report is achievable. The committee also has to recommend various section of the organization about the ways they should conduct their job responsibly. Another committee is the group audit committee that carries out all the audit work (Haan and Vlahu 2016). All the corporate organizations in South Africa are aware of Kings Report on corporate governance. The managers of the standard bank group apply the principles of King Code IV which was released in 2009. The managers started using this method from 2015 which was released for public comment by the Institute of Directors in South Africa. The King IV approach provides an integrated approach to corporate governance by encompassing the social, economic and environmental spheres. Various effective and quality corporate behaviors also provide different ways to mitigate the social and economic challenges. King IV provides broader scope and acceptance of corporate governance and thus makes it accessible to the organizations (Yeh et al. 2013). Moreover, King IV also focuses on apply and explain rather than apply or explain which was encouraged by King III. However, earlier King III aimed at encouraging the quantitative explanation and application on how the principle gets affected. Whereas Kin g IV tries to stipulate the minimum requirements for different types of remuneration policies and also provides that the adoption of such policies will be possible through 75% non advisory vote of the stakeholders (Chu et al. 2016). In such a case, the stakeholder approach will also require that the governing body will balance, weigh and consider the legitimate interests, needs and expectations of different stakeholders in taking important decisions for the upliftment of the organization. The managers of Standard Group will try to promote corporate governance which will help in the integral running of the organization and thus deliver an ethical culture. They will also try to enhance the performance of the employees which will help in value creation of the bank. The managers will also allow the governing body of the bank to take adequate and effective control measures. This will help in creation of trust among the employees in the organization (Qian and Yeung 2015). As corporate governance mentioned by King IV is the exercise of ethical and effective leadership which is to be implemented by the governing body. The managers of Standard Group will follow this type of leadership and thus provide strategic direction to the employees. They will also use different approving policies so that they can apply the strategies effectively. This type of ethical leadership by the managers will help in building an ethical culture in the organization. The principles which are associated with King IV is drafted in such a way that the managers will be imposed with different type of governance duties in the organization which will help them in setting effective tone and examples in the organization. They need to be unifie4d on these matters which will fulfill the core purpose of the organization, values and role of the stakeholders, the culture of the organization, legitimate grouping of the stakeholders in fulfilling their interests, needs and expectations (Faleye and Krishnan 2017). The managers of Standard Group must assume the responsibility of the organization and they must also try to protect the financial resources, social, intellectual, relational, human and natural capital. Moreover, the managers must also be responsible for the decisions and the actions which are to be taken by the stakeholders. This accountability must follow the designation and assumption of the responsibility which are to be taken by the managers. The governance structure which is adopted by the managers should connect to the responsibility and accountability of their post. Thus, it is the responsibility of the managers to communicate clearly with the employees as well as the stakeholders. It is also the duty of the mangers of Standard Group to ensure that the decisions taken by them are legitimate and reasonable which will help in fulfilling the expectations, needs and interests of the stakeholders (Tricker and Tricker 2015). The managers of Standard Group must ensure that the reports and disclosures of the stakeholders must be made in such a way that it is easier to assess the performance of the employees and it includes the impact of the organizational activities. The ability to sustain the creation of value is also the motive of the organization. The banks should aim for building stronger ethical culture which is known as self-policing. The cost of failure in managing the ethics will also be very high (Calomiris and Carlson 2016). The managers of the bank also focus on opportunity management and thus it proposes risk and opportunity committee in the bank who will take special measures and care of the different departments. Several meetings are held to address the agendas in the bank which are responsible for audit and management of risk in the bank. Moreover, there must be a separate audit committee which will oversee the accounts related and audit issues. It is also the duty of the manager of Standard Group to check the functioning of the various departments of the bank. Moreover, the mangers are also responsible for the ethical conduct of the stakeholders and keep a close monitoring of them through the stakeholder inclusive approach. Thus, it can be said that the policies of King IV helps the managers in the refinement of the bank (Berger et al. 2016). There are different ways and a board who are responsible for assessing the role of corporate governance. These board members are responsible for managing the risk of various activities of the bank on daily basis. They will also be responsible for overseeing the risks and providing robust challenges to the management team. They will also be responsible for independent assurance or third party line of defence. The monitoring will be done by the head of the bank or the business unit. They will be responsible for balance sheet management and capital management. Moreover, they will also be responsible for divisional risk and compliance functions. The board of directors will also be responsible for ensuring that that proper wand responsible person is involved in the management team (Armstrong et al. 2015). The next level of members who are responsible for corporate governance are the chief risk officer and the chief compliance officers. The third group of members who are responsible for co rporate governance are the internal and the external auditors of the bank. They will also be responsible for different outsourcing and implementation policies of the bank which will guide the accountability for any activity. Standard Bank Group has given more importance to King III group which has advocated and implemented the governance structure and supported leadership, corporate citizenship and sustainability. In order to create transparency in the organizational structure in accordance with the various lines of responsibility, the Bank has established a separate governance structure. They will be responsible for effective and full control of the group and its responsibility and accountability for measuring the performance of the group. This includes reviewing and monitoring the corporate strategies through the establishments of different key policies and objectives, determination of the risk, preference and tolerance of the group, understanding the risk which is to be faced by the government as well as the bank. The board is also responsible for the overall responsibility of the entire management group and also maximizing the value of the shareholders. In performing its different responsibilities, the board members are supported by the senior managers of the bank along with different panels and forums of the bank. The committee who is responsible in these will have specific charter and reference and thus they can provide assistance to the board members. Moreover, the bank also has different committees and thus they also provide support to the governance team in performing their duties. The various mechanisms such as the strategies, policies and processes which are to be implemented for providing support to the governance committee are also to be taken care of by the board members. The nomination committee also assists the board members in identifying the suitable and the correct members who can address the requirements in terms of their knowledge and skil ls. This committee will also be responsible for succession planning, dismissal, appointments, reviewing committee structures and remuneration policies. The remuneration committee plays an independent role to oversee the various processes which are associated with remuneration and to consider and approve the issues and approvals which are associated with remuneration. The committee also assigns that the remuneration policy is aligned accordingly and it will also help in promotion of the strategic objectives of the bank. The social, ethics and transformation committee is a mandatory board that will discharge the activities of evaluation and monitoring roles. They will focus on economic empowerment and employability of the community members in the bank. The risk and the ethical committee will relate to the ethical behavior within the group members. The role of the actuarial committee will be to act like a sounding board for the bank (James and Joseph 2015). The audit committee and the statutory actuary in relation to the actuarial and other related matters of technical nature will discharge the functions towards the shareholders and the policyholders of the bank. They will also be responsible in statutory actuary and thus fulfilling the statutory and professional responsibilities. The fair practice committee will be responsible for carrying out different functions of the bank such as ensuring fair treatment to the customers as it is the main responsibility of embedding the corporate value at various levels within the bank. They are also responsible for various discretionary functions and ensuring that compliance is done accordingly. This board will act as an independent governance forum and thus they will be responsible for overseeing the implementation of adherence from and treating the customers fairly in accordance with the regulation committee. The risk and compliance committee also assist the board members in discharging different kinds of responsibility for the various processes which are associated with different types of management and compliance issues. This committee will review the overall compliance to the significant regulations and laws. Thus, the corporate governance team will enable the delivery and discharge of effective governance to demonstrate adequate control in successful operation (Claessens and Yurtoglu 2013). Conclusion Thus, it can be said that corporate governance plays an important role in all organizations. The board of directors who are the primary stakeholders plays an important role in influencing corporate governance. The directors are elected by the shareholders or are appointed by different board members. The code of ethics of Standard bank ensures that they do the right business in correct time by complying with the different laws and rules. The code of ethics is informed by the ethical standards of the bank. The bank also has a subsidiary framework governance body that will ensure consistent application of sound governance of the organization. The mechanisms are framed in consultation with the employees and the stakeholders of the bank. Therefore, careful management of the boards planning plays an effective role in corporate governance. References Allen, Franklin, Xian Gu, and Oskar Kowalewski. "Corporate governance and intra-group transactions in European bank holding companies during the crisis." InGlobal Banking, Financial Markets and Crises, pp. 365-431. Emerald Group Publishing Limited, 2013. Armstrong, Chris, Wayne R. Guay, Hamid Mehran, and Joseph Weber. "The role of information and financial reporting in corporate governance: A review of the evidence and the implications for banking firms and the financial services industry." (2015). Berger, Allen N., Bjrn Imbierowicz, and Christian Rauch. "The roles of corporate governance in bank failures during the recent financial crisis."Journal of Money, Credit and Banking48, no. 4 (2016): 729-770. Bovens, Mark, Robert E. Goodin, and Thomas Schillemans, eds.The Oxford handbook public accountability. Oxford University Press, 2014. Calomiris, Charles W., and Mark Carlson. "Interbank networks in the national banking era: their purpose and their role in the panic of 1893."Journal of Financial Economics(2017). Chu, Chien-Chi, Ying-Maw Teng, and Hsiu-Ling Lee. "Does Law Matter for Corporate Governance and MA Performance in Banks? Evidence Under the Financial Institutions Merger Act in Taiwan."Emerging Markets Finance and Tradejust-accepted (2016). Claessens, Stijn, and B. Burcin Yurtoglu. "Corporate governance in emerging markets: A survey."Emerging markets review15 (2013): 1-33. Crane, Andrew, and Dirk Matten.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press, 2016. Dermine, Jean. "Bank corporate governance, beyond the global banking crisis."Financial Markets, Institutions Instruments22, no. 5 (2013): 259-281. Faleye, Olubunmi, and Karthik Krishnan. "Risky lending: Does bank corporate governance matter?."Journal of Banking Finance83 (2017): 57-69. Filatotchev, Igor, Gregory Jackson, and Chizu Nakajima. "Corporate governance and national institutions: A review and emerging research agenda."Asia Pacific Journal of Management30, no. 4 (2013): 965-986. Garca-Snchez, Isabel-Mara, Luis Rodrguez-Domnguez, and Jos-Valeriano Fras-Aceituno. "Board of directors and ethics codes in different corporate governance systems."Journal of Business Ethics131, no. 3 (2015): 681-698. James, Bernadette Josephine, and Corina Joseph. "Corporate governance mechanisms and bank performance: Resource-based view."Procedia Economics and Finance31 (2015): 117-123. Mason, Chris, and John Simmons. "Embedding corporate social responsibility in corporate governance: A stakeholder systems approach."Journal of Business Ethics119, no. 1 (2014): 77-86. Qian, Meijun, and Bernard Y. Yeung. "Bank financing and corporate governance."Journal of Corporate Finance32 (2015): 258-270. Salvioni, Daniela M., and Riccardo Astori. "Sustainable development and global responsibility in corporate governance." (2015). Tricker, RI Bob, and Robert Ian Tricker.Corporate governance: Principles, policies, and practices. Oxford University Press, USA, 2015. Waemustafa, Waeibrorheem, and Azrul Abdullah. "Mode of islamic bank financing: does effectiveness of shariah supervisory board matter?." (2015). Yeh, Yin-Hua, Pei-Gi Shu, and Shean-Bii Chiu. "Political connections, corporate governance and preferential bank loans."Pacific-Basin Finance Journal21, no. 1 (2013): 1079-1101. Haan, Jakob, and Razvan Vlahu. "Corporate governance of banks: A survey."Journal of Economic Surveys30, no. 2 (2016): 228-277.

A view from the bridge dramatically effective Essay Example

A view from the bridge dramatically effective Essay Example A view from the bridge dramatically effective Essay A view from the bridge dramatically effective Essay Later due to Eddies Negativity it seems as if everyone is against Eddie. Who Miller at the moment is being made out to be Selfish and bad. After all this it says Catherine puts on a record and flushed with revolt asks Rodolfo to dance. The words flushed with revolt show us that Catherine is very annoyed and wants to get back and Eddie, showing him she is not his puppet and is independent. Rodolfo at the moment is not too sure about Eddie so decides to say no, but Beatrice once again going against Eddie tells them to dance. Eddie is frustrated and the play says he turns his head away. He then seems to plan how hes going to get Rodolfo back for this. To take attention away from what hes done he starts praising Rodolfo which hes never done before. This is a physical way of showing emotions, a lot of Millers messages are sent through physical activities. He then finds his opportunity by asking Rodolfo to box with him. He then starts to seem really nice. Hes teaching Rodolfo how to defend himself from enemies. Acting very friendly with him. Beatrice who first thought this was a bad idea starts enjoying it. Everything is going well. Eddie asks Rodolfo to hit him and after Eddie says hes going to hit Rodolfo but in a friendly way. So Eddie hits him hard. He alone knows that he has got his revenge from Rodolfo dancing with Catherine. Everyone is wondering whether Rodolfo is ok and Rodolfo trying to seem manly in front of Catherine says yes hes fine he was just surprised. Everyone else falls for it. This was a way of Eddie getting his anger out, also showing Rodolfo that he wants respect from him. This again is Physical like most of the key moments in Millers play. Mainly the intension had been to seem a bigger man than Rodolfo! Lastly and this is the most important section which makes the end of act one dramatically effective. Is the scene where Marco asks Eddie to lift a chair with one hand and Eddie cant, but Marco can. Everyone has fallen for Eddies punch on Rodolfo as being merely friendly except Marco who realises there was a deeper intension. He then confronts Eddie this way showing him that he is stronger than him; mainly that he will defend his brother anytime he needs to. So Eddie should watch what he does. This is the second Confrontation between Eddie and Marco. Miller also wanted this to leave a cliff-hanger to make audiences or reader want to continue reading or come back and watch the rest of the play. This also makes you think about what happens in the play a lot more. Once again it is physical showing that most of the play is based on physical activities.

Social Darwinism Essays - Herbert Spencer, Darwinism, Social Theory

Social Darwinism Essays - Herbert Spencer, Darwinism, Social Theory Social Darwinism Social Darwinism Social Darwinism was a late nineteenth-century social theory that was based on the theories of evolution of scientist Charles Darwin. The ideas and behind Social Darwinism came directly from his theories of evolution and, survival of the fittest. The theory was used to explain how the economic growth of America was coming along. This theory also said that economies grew and operated like ecosystems and weeded out the weak and allowed the strong to flourish. The ideas of Social Darwinism were used to explain how the United States economy was so competitive and to justify the elimination of so many less ambitious industries. This was also a way to be able to increase the economys personalization to the consumer and to be able to offer competitive prices and cheaper and better products. The idea of Social Darwinism changed how the people thought of the economy by making it a battlefield instead of a playground. The way that social Darwinism has changed the views and realities of the economy has allowed it to be able to advance and provide a good, competitive place for people to make money and offer their goods and services. Also, the ideas of Social Darwinism still are around today, especially in the dot-com world. The idea of only the strongest survive, is still a relevant analysis of how todays economy works. The way that the larger, better-funded companies are eliminating the smaller more personalized businesses is the basis behind the Social Darwin theory. In conclusion, the ideas of Social Darwinism were an analysis of how the economy of America works. It summarized how people needed to be stronger, faster and smarter than the competition. Also, it justified the elimination of many weaker industries to make room for the corporate companies to run the economy. Social Darwinism affected the growth of the economy by making everything more competitive and allowing people to want to eliminate their competition, not accommodate them. Bibliography none

The use of High Stakes Test to Evaluate Teachers Research Paper

The use of High Stakes Test to Evaluate Teachers - Research Paper Example With the high level of stress teachers already endure day after day, adding the pressure of high stakes testing only increases the number of cons resulting from placing teacher's career in jeopardy if students are unable to pass high stakes tests. Therefore, the cons resulting from such high stakes tests must be seriously considered by policymakers. If these cons are ignored, the results could be devastating to the American education system. Thousands of potentially good classroom teachers   could lose their jobs and many prospective teachers would mostly likely refuse to enter into the profession.One of the cons of the using high stakes testing to evaluate teachers is that policymakers discard the valuable intangibles that makes up   a teacher’s   character. The worth of a teacher is much more than the results of high stakes testing. Such intangibles as caring teacher/student relationships, active teacher/parent connection, extra-curriculum activities-participation, att endance, role modeling for students can not measured by high stakes testing. Many teachers go far and beyond the call of duty when it comes to preparing their students for the challenges of society and work. The are kind, helpful, caring and compassionate(Suttle). Their students respect them. Releasing such dedicated teachers due to negative high stakes test results is a mistake. In stead of   keeping good teachers who are sensitive to their ideas and thoughts, students most likely will receive teacher who are too test. oriented and insensitive to the student's feelings. Another con of high stakes testing is that the tests do not necessarily reflect the competency of the teacher. Many teachers simply don't know how to prepare their classroom for scoring successfully on high stakes tests. According to Richard F. Elmore, a professor of Harvard School of Education, many teachers are unsure of how to integrate state standards for high stakes testing, so they engage the process blindly . This sense of blindness forces many teachers to focus on teaching test material the entire school year. Other significant aspects of the curriculum such as social studies and science are usually neglected. Such focus on teaching test material is called â€Å"teach to the test† (Walker pg 9). Critical information regarding society, people and the environment are neglected when non-tested subjects such as science and psychology are minimized during the course of a school year. No matter how competent a teacher may be, she can not make students learn if the students are not motivated, perhaps due to some external circumstances beyond school. This is another con of high stakes testing. Many minority populations, including Latinos and African Americans come from impoverished backgrounds or underprivileged schools which might limit their ability to obtain high test scores. For example, studies show that â€Å"significant gaps exist between rich and poor districts and among ethni c and

Select ONE Retailer of Your Choice Essay Example | Topics and Well Written Essays - 4000 words

Select ONE Retailer of Your Choice - Essay Example If the global sales and domestic market share of the company is taken into account then it is found that the company is the largest British retailer by far. The profit of the company exceeded ?2 billion for the year 2008 and it is believed that the profit will be much higher in the year 2009. The company mainly focuses upon food and drink but it has also started dealing in clothes, financial services, internet services etc. â€Å"Tesco started life in 1919 when Jack Cohen started selling surplus groceries from a stall in the East End of London. Mr. Cohen recorded a profit of ?1 from total sales of ?4 on his first day.† (A History of Tesco) The brand Tesco first appeared in the year 1924 when Jack Cohen supposedly bought a tea shipment from Mr. T. E Stockwell. The year 1929 marked the opening of a store in North London and the company rapidly developed from there on. The head quarters of the company was first established in North London in the 1930s. In the year 1932 the compan y became a private limited company, another feather in the cap of Tesco. Expansion of the Company The expansion of the company traces back to the year 1950 when the company quickly bought rival shops so as to expand and compete with other Giants. In another endeavor to do so, the company bought as many as 70 William stores and an unprecedented 200 Harrow stores. 1960s saw a revolution in the supermarket trend, the stores started selling more products in larger shops and Tesco was quick to capitalize on the very same opportunity. In the year 1961, the Guinness book of records acknowledged that Tesco was the largest store in the whole of Europe and more growth followed as the company opened another Superstore in Sussex. â€Å"Supermarkets once and for all changed the way people shopped and by the 1970s Tesco was building a national store network to cover the whole of the UK, which it continues to expand to this day, while also making other products available to its customers.† (A History of Tesco) The company recorded annual sale of ?1bn in the year 1979 and the sales doubled by the year 1982. The year 1987 was historical for the company as the company completed a successful takeover of their supermarket rivals Hillards for a whopping ?220m. The term superstore was an alien term but Tesco was the first company to introduce this term, the term referred to two aspects of the company, namely the size of their store and secondly the vast choice of inexpensive food and other items to choose from. The appearance of the stores mattered a lot and in order to ensure that the stores looked great, the company spent massive amount in order to put some daylight between their competitors. The company also took into account the parking space for the customers and ensured that their customers were provided with enough space and a wide range of products to choose from. The company was the first to install enhanced lightning and also widened its aisles. The company extensi vely worked on providing its customers with fresh food items to choose from. The company stopped depending on the manufacturers by opening a centralized warehouse to cater to the demands of its various stores spread across the whole of Europe. The company teamed up with Marks & Spencer to establish stores in all major cities, in an attempt to do so the company established a 65,000 square foot superstore which was

Childhood and Adolescent Animal Cruelty Methods Research Proposal

Childhood and Adolescent Animal Cruelty Methods - Research Proposal Example Further research is obliged to inspect the components related to why people take an interest in youth animal evil and what are the behavioral and social viewpoints identified with this sort of conduct. Hirschi's social holding hypothesis is actualized into this study as an intention to address social bonds amid youth and their general significance in connection to creating withdrawn behavioral qualities. Hensley and Tallichet (2009) evaluated the relationship in the middle of youth and juvenile demonstrations of creature mercilessness in connection to interpersonal savagery towards people that happens further down the road. Mead (1964) attested that there was a relationship between youngsters who take part in demonstrations of creature cold-bloodedness to that of assaultive character issue. This behavioral theory pondered how youngsters could be aided by right on time conclusion when exhibiting this kind of maladjusted conduct in which may help in avoiding further inclusion in interp ersonal savagery and murder later on. The exploration address inside this study tended to a connection between the sorts of creature torment to best anticipate later interpersonal brutality in grown-ups. The type of creature torment that was considered by the specialists included demonstrations of creature pitilessness, for example, 1) Drowning, 2) Hitting, 3) Kicking, 4) Shooting, 5) Choking, 6) Burning, and 7) Having sexual relations with the creatures (Hensley &Tallichet, 2009). Inside the domain of sociology exploration, analysts normally coordinate a subjective examination configuration to build general exhaustiveness into the range of human and social association, with the objective of applying intending to these ideas in the development and acceptance of human learning.

Introduction To The Crap Analysis English Language Essay

Introduction To The Crap Analysis English Language Essay The year 2012, marks a pivotal moment in world history. As foretold by Nostradamus, the world may end soon and very soon, we have to account for the worlds resources as its temporary caretakers. Ever since those predictions, the accountant has tracked every aspect of barter and of life. How much tea was dumped during the Boston Tea Party? How many limestone blocks were used in the first pyramid? What was the percentage of gross domestic product loss to England because of the destruction of its exports? What was the logistics strategy that causes all to want to walk like an Egyptian? The accountant has numerated and worked these questions and so many more over time. Yet we, like those before us are still burdened with CRAP. From the forensic accountant to the in home accountant also known as mom, all have counted and fell short. CRAP, in my humble opinion, is isolated as follows: C credit card fees R rebates A auto renewals P prepaid cards Only two accounting tasks are more puzzling than this one (formally known as CRAP) : One the true tax numbers of one Willard Mitt Romney? and the other what percentage of butter is in that substance at the movie theater?. I submit, CRAP is money to burn. It is unaccounted loss, monetary deception. In other words crap is money we spend or lose without knowing. CRAP, in my humble opinion, is isolated as follows: C credit card fees R rebates A auto renewals P prepaid cards Lets begin with credit card fees. Credit card fees are crap. Credit card fees and surcharges cost consumers billions a every year. Yet, the masses seem to worship credit cards. They do make our lives so expedient. Regardless, that were paying a sky-scraping outlay for this service. In this down economy, surcharges and fees are climbing as credit card companies skirmish for your dollars. You may need a Trident Tech accountant to identify those covert, oft concealed fees we pay. Credit card applications rise every year as credit card companies make breathtaking offers to clutch your business. They lure you with no interest transfers, no annual fees, and still cash back! What accountant could resist, right? Cash back seems to be the most popular today, as may credit card provider keeps offering me a plan with 5% cash back. My judgement is, if you can afford to give me 5% back how much profit do you actually make off me? So, judge wisely. Sift through the extra credit card fees and surcharges. They will deplete your cash account or that of a small business. The best way to avoid these extra credit card costs and beat the crap is to put into action simple solutions for all those fees. Take a quick look at some universal credit card fees: The Late Fee is crap. If PAYPAL doesnt get your money to the credit card company on time, because we know its not your fault, you may have to fork out a fee of up to $35. This can cripple your cash flow. Be mindful, that if you pay your balance late on a credit card, it can and will be used against you, raising your interest rate on all your cards! What all the companies do is raise you interest rate because you paid late on another account. This includes the GE Money type accounts such as Rooms To Go. To beat the crap: Pay early and often. When confronted with a late charge because of PAYPAL or your dog ate the check, call the company and give explanation. Often our big brother will negate the late charge. Over the Limit Fee is also crap. If youre near your maximum credit line, a solo additional purchase or even a late charge will thrust you over the limit and trigger an over the limit fee. Also a high credit card balance will lower your credit rating. Having over 50% of your card charged, tells the three credit agencies that you are low on cash. To beat the crap, keep all your balances safely below your limit. Like my grandfather told me, never let you gas tank go past half. So dont charge your balance over half. If you can, pay off your whole bill every month. Make it rain on VISA and MASTERCARD. This will eliminate effectively all of the fees. Next, the inner accountant in you should be aware of how much available credit you have before you acquire a fresh charge. Get the app on your smartphone, or do it the old way and call your credit card company, to check that your balance is up to date. Note to self: The reported credit limit may be around two weeks behind your transactions. Buying that new robot vacuum when you dont have the money can put you past the limit, or you may have to do the walk of shame after rejection at the register. Hopefully it doesnt happen on a first date or your pastor is in line behind you. To beat the crap: Start up the Prius, trek to Barnes and Noble, buy Accounting for Dummies, and maintain a daily accurate record of your credit card transactions. Dont rely soleIy on the convienient Android app for your current balance. The service fee is crap. Mystery Is there really a no-annual-fee credit card? Many of them, even some of the 0% plastic cards, charge a monthly service fee. The service fee is also called the minimum finance charge costs around $6 a month. Multiplied, you have an annual fee up to $72. To find out if you are victim to this crap, simply call the credit card company and get all the information you need. The crap is in the details, so be sure you understand the terms. Accounting 101 stresses where there is a debit there must be a credit. By its vary nature, the balance transfer fee is crap. My uncles girlfriend said, All money aint good money. The balance transfer fee definitely fits that descriptor. The transfer fee is exactly like its name, a charge for moving outstanding balance to another card. The fee can be a flat rate or a percentage of the amount you moved over. To beat this crap: Look before you leap, ask before you transfer! If you cant afford the fee, dont take it. At the very least, weigh the fee versus you savings by doing the transfer. Use your inner accountant and calculate the interest saved versus the transfer fee. Also if you cant pay the balance off within a specified time, the 0% may be revoked. I prefer to pay off my card as quick as I can versus moving the bad debt to another account. The Cash Advance Fee is crap. I never get cash from my credit card. For others, in certain circumstances a cash advance may be rightly what you need, but the immense fees can drown you. After cash in hand from an ATM, one is responsible for the ATM fee (more crap), and a tacked on 10% charge or more of the amount you borrowed. When you pay back your credit card, they often credit your regular charges first and keep the cash advanced balances charged to you at the higher rate. To beat the crap: Know all the costs involved forthright. Do not pull the trigger with this advance unless you can quickly downsize the balance, or can borrow from you accounting teacher Blank check fees are crap. I know you receive those blank drafts from your credit card company in your mailbox. They actually do tempt me when I get the $2,500 blank check. The look so good, I detest them, so hear me clearly. Destroy them! This gimmick is not free. You are by and large charged a towering percentage based on the total check. To beat the crap: Refuse to use these checks unless youre prepared to cover the extra costs. Try a regular bank loan before you go this route. Always be your own accountant and watch all transactions. Remember to negotiate with the credit card company. It is more expensive for them to entice new customers, instead of writing off disputed fees and charges. We can beat the crap. Yes we can! I say again CRAP, in my humble opinion, is isolated as follows: C credit card fees R rebates A auto renewals P prepaid cards Lets transition to rebates. Rebates are crap. Manufacturers and stores make it incredibly complex to claim the refunds they I still have not got the refund from Jiffy Lube, after mailing the receipt, survey, and request form of to the semi-corporate office in Bangladesh. Now , another bargain was the ATT new phone rebate that I may get back in six months or so in the form or an ATT card! Just, consider this: The ATT ad says notes post sale rebate. First I had to pay the full price phone, complete a rebate form, and then wait months if lucky. In fact, manufacturers, offer an estimated $4 billion a year in rebates. The unknown is that millions, perhaps up to 40% of it are never paid. Some simply ignore the rebate claims to making it close to impossible to qualify. Several big names retailers have been admonished by Elizabeth Warrens new government watchdog agency. The credit companies still practice this crap. First they realize that many simply dont know how to claim the rebate. To weed out the others through disqualification there are institutional practices such as the crap below: Crap is when manufacturers may insist blue ink or block style letters must be used. Crap is when they maintain you circle the price on the receipt. Crap is when boxtop with scan code is required and you already tossed it in the garbage. Crap is when you dont submit claim on time because the small print says you had to submit your claim within seven days of purchase. Crap is when the rebate check they sent you must be deposited within three days. CRAP, in my humble opinion, is isolated as follows: C credit card fees R rebates A auto renewals P prepaid cards Lets explore auto renewals. Auto renewals are crap. It is a sneak tip clause in a contract imparts that the contract term will automatically renew, unless you give notice of intent to cancel. Most, often you dont know you are even victimized by an automatic billing renewal scam. You may get a free service like extra movie channels when you order cable. You think you have it for a specific time period, such as a year, but when the time period ends, the channel access stays on and you automatically get billed for another time period, because the cable company still has your bank information on record. When you try to resolve this crap, you discover it was easy to sign up for the service, but nearly impossible to cancel. AOL was notorious for its toll-free number to call and cancel and then -shocker! you cant get through. Now they are equal opportunity and just love to scam baby boomers who might be confused about what theyve ordered or whether they have renewed. To beat the crap, check before you sign up for something to make sure there is no automatic renewal. CRAP, in my humble opinion, is isolated as follows: C credit card fees R rebates A auto renewals P prepaid cards Lets end with a look at prepaid cards. Prepaid cards are crap. They overdose in lots of anonymous fees. Your inner accountant will be surprised when you find a dozen or so different kinds of fees. Reloadable prepaid cards akin to debit cards without a real brick and mortar bank. Often parents load cash onto them and students can use them on campus where plastic is accepted. The gimmick prepaid cards often with catchy names like the Rush Card tend to serve illegal immigrants or someone with bad credit. Areas, like low-income neighborhoods in North Charleston have a host of places to reload a prepaid card. Crap is activation fees. Just to activate a card you get a fee. Service fees and even for talking to a customer service representative in off-shore China. Other fees are less likely to be disclosed, to my surprise a fee may be charged when a purchase is declined. Now, that is truly adding insult to injury! To conclude, I covered four elements of crap in our lives. Other than these, there are many more. Consider the pennies the stores keep when they round off your change. Consider the change lost when you kid goes to the store for you. Consider the campaign contributions to the candidate you drops out and then endorses the other guy. I hope that upon reading this paper, you call on your inner accountant and recognize the crap. Once you recognize the crap you can adjust and realize true profit. I describe crap as unaccounted for money, but now this money can be accounted for by you and only you. Consider it a second chance, as if the British jumped in the harbor and got their tea back!

Bram Stokers Dracula :: Dracula Essays

Bram Stoker's Dracula         Ã‚  Ã‚   The setting of the story begins in 19th century Europe, in the eerie country of Transylvania.   A solicitor from England named Jonathan Harker is sent by a business man to meet with an old Count named Dracula at his castle located far from civilization.   Residents of Transylvania who become aware of his destination begin crossing themselves and giving him garlic and blessings.   As a result of these gestures, Mr. Harker soon develops an uneasy feeling about visiting the mysterious Count.   He arrives at Castle Dracula regardless, and makes his acquaintances with Dracula.   He soon realizes that the count is no normal human, but an evil, blood-sucking vampire, who can command animals and elements with the wave of his hand. Harker escapes but the Count has devised an intricate plan to move to London and exercise his evil forces on innocent people there.   However, a group of friends, including an open-minded but ingenious professor, a psychologist, an American, a rich man, as well as Jon an Harker and his wife Mina, learn of the Count's sinister plan and pledge to destroy him before he can create an army of un-dead vampires.   They systematically destroy his coffins with holy wafers and chase him out of England back to Castle Dracula.   There they carry out an ultimate plan to destroy Dracula.      Ã‚  Ã‚   The Author uses suspense as a storytelling device rather effectively throughout the story.   There are a fair number of parts in which the reader is left suspended on the edge of   seat, eager to find out what is to happen next.   However, there were parts where suspense could be used in a manner that would enhance the gravity of the plot.   Nonetheless, The book is written in a unique way that allows suspense to be used easily and effectively built up.   Dracula is written in first person like many other novels but then it differs slightly.   The book starts off as a first person Journal of the first character describing his experiences.   But then it switches to someone else's journal, and then to letters between two characters, and later to a newspaper article.   It follows this pattern