Corporate Governance And The Global Financial Crisis

12000 Introduction 1000 In the last few years, because the corporate scandals and collapses during the global financial crisis. Public have strong reason to believe that the apparent lack of effective boards and unnecessary executive remuneration packages have all contributed to explosion of interest in this area. Therefore, corporate governance is an area that has grown rapidly. Corporate governance is now an essential part of everyday business life. The importance of corporate governance is not only just in the UK but also globally including the USA, Europe, and Asian. The main reason to developing Corporate Governance is the protection of investors. Investors need not only reliable financial information, but also corporate governance information to be protected against unethical and dishonest behaviour by management or directors. Corporate Governance is the system which checks and balances both internal and external to companies. Besides, it meritorious to ensure that companies discharge their accountability to all their stakeholders. Moreover, Corporate Governance also acts in a socially responsible way in all areas of their business activity. (Solomon 2013). Thus, it is vital to analysis a company’s behaviours and evaluated its performance in Corporate Governance. (Monks. R and Minow N corporate governance 2009) Normally, the companies board structure which characterized by one single board contain both executive and non-executive directors. The directors are workingShow MoreRelatedEssay on Overview of the Recent Financial Crisis in the US1468 Words   |  6 Pages1. Introduction The financial crisis started in the USA because of subprime mortgage crisis in 2007. As a consequence of it, a credit crunch was originated and it quickly spread from the real state sector to other sectors, and furthermore, from USA to other countries. This caused a series of financial and economic crises like the collapse of housing markets in Europe, the global stock markets, global financial systems and markets, along with a lot of large banks and financial institutions, as (SunRead MoreRanking the Key Principles of Corporate Governance1579 Words   |  7 Pagesranking of the key principles of corporate governance. The topic will be covered from the perspective of Australian listed companies, which are subject to regulation by the Australian Securities Exchange (ASX). The ASX Corporate Governance Council defines corporate governance as â€Å"the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations† (ASX 2007 p3). The latest ASX Corporate Governance Council report (ASX 2007) articulatesRead MoreHow Failures in Financial Engineering Influenced the Recent Financial Crisis1303 Words   |  6 Pagesfailures in financial engineering and Corporate Governance have been closely related with the recent Global Financial Crisis is carried out. The Real Estate Bubble in 2006 leaded to the Subprime Mortgage Crisis in 2007 which expanded from the United States to the whole world generating the biggest financial crisis since the Great Depression of the 1930s. There are multiple factors that originate a crisis like this, and will be explained and analysed later, but in order to understand the global economicRead MoreCorporate Governance General Review1775 Words   |  7 PagesFirst part: Corporate governance: First Chapter: Corporate governance general review 1. Introduction A dynamic and fundamental view of business nowadays is presented in corporate governance. 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UnfortunatelyRead MoreFinancial Management And Financial Crisis1404 Words   |  6 PagesSince the financial crisis is the value of financial institutions or assets in one country or several countries drops rapidly, and it can affect the stability and development of the relevant country or region even the world economic. The causes of this situation should be well studied to prevent the recurrence. This essay is discuss if the financial crisis that was globally experienced following events in 2008 is an example which can prove the financial engineering and corporate governance gone wrongRead MoreU.s. Sarbanes Oxley Act1611 Words   |  7 Pageswitnessed a series of corporate bankruptcies in the recent decades like Enron, Lehman Brothers Inc, Global Crossings, and Tyco in the USA; HIH in Australia, Parmalat in Italy, APP in Asia, and Islamic bank Ltd. of South Africa. 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For example, the financial crisis has resulted in the collapse of massive financial institutionsRead MoreAuditing as a profession as evolved drastically over decades and as time has passed auditing1000 Words   |  4 Pagescontrol, and governance processes.’ (Institute of Internal Auditors, 2013) Through this definition it can be explained why auditors can be seen as the ‘eyes and ears’ of management. Concentrating specifically on the principles of Governance, the usage of Internal Auditing Standards, the Current Role of Internal Auditing in SA, reviewing current crisis, the importance of Internal Auditing to management is evident. 2. FUNDAMENTAL PRINCIPLES RELATED TO GOVERNANCE 2.1 Corporate Governance in SouthRead MoreDiscuss the Importance of Ethics in Business in Light of the Recent Global Financial Crisis (Gfc)1119 Words   |  5 PagesThe 2008 global financial crisis has affected today’s economy severely based on the collapses on issues such as immoral practices, governance, regulations, enterprise ethics. Factors to consider with the collapse that lead to the financial crisis is the dangerous outcomes that financial companies were not foreseen in advanced of borrowing mortgages for the companies. The change of ethics through enterprises demonstrate how business approaches to ethics over the past years where ethics is seen in

The Role of Women in the Society Depicted by Jane Austen...

The Role of Women in the Society Depicted by Jane Austen in Pride and Prejudice Pride and Prejudice is a novel which based in truth, explores relationships between young men and women two hundred years ago. It is not difficult for the reader to comprehend Jane Austen?s point of view, but she presents her arguments in a subtle way. Not only is it an admirable story of love lost and found, with an eventual happy ending, it also tells us a vast amount about society at the time. This, however, contrasts heavily with todays values and behaviours. In particular the role of women then was quite different to the role of women in the present day. Pride and Prejudice is mainly concerned with women of a particular social class - the†¦show more content†¦lives. She does this, I think, because how wealthy a person was so important and affected your way of life so drastically it would be difficult not to include this information about each character. A persons wealth would determine who they were friends with, where they went to meet people and who they could talk to. The life of a lower class person and the life of an upper class person were drastically different. She explains how the Bennet sisters will be near to penniless if they do not find a suitable match, by this she meant a man with a large amount of money. The sisters do not have their own fortune to inherit however, because of the entailment that is upon their father?s money and their home. Jane Austen uses entailment as a major plot device in Pride and Prejudice. As we discover in the novel, the house at Longbourn is an estate and because of an earlier generation in Mr Bennet?s family, the estate can only be passed on to a male heir. Mr Bennet can do nothing legally to change the situation. The entailment states that the Bennet family can only own the property for Mr Bennet?s lifetime which means that if Mr Bennet should die before Mrs Bennet or before all of his daughters are married, then the remaining family members must vacate the estate unless said otherwise by Mr Collins, their cousin and nearest male family member. ?How any one could have the conscience to entail away an estate fromShow MoreRelatedPride And Prejudice And Jane Eyre1681 Words   |  7 PagesIntroduction: Jane Austen and Charlotte Bronte explore social class in a number of different ways throughout their novels Pride and the Prejudice and Jane Eyre. They do this through the use of stylistic devices which in turn appeals to their different audiences. Both Jane and Charlotte are notable writers for their remarkable texts. Jane Austen is known for playing a revolutionary role in the generation of English female literature, which was counteracted by this piece- and Charlotte Bronte alsoRead MoreJane Austen s Pride And Prejudice1697 Words   |  7 Pagesan Oppressive Society Jane Austen once said, â€Å"it is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a wife† (Austen 1). In other words, women of the nineteenth century were deemed dependent on men. They were to join an advantageous marriage to remain respectable and achieve a higher social class. Jane Austen’s Pride and Prejudice concerns the social norms of the eighteenth and early nineteenth centuries—a patriarchal society ruled by men whoRead MoreJane Austen And Jane Eyre1967 Words   |  8 PagesPride and the Prejudice – Jane Austen Jane Eyre – Charlotte Bronte How is social class explored in both texts through the use of stylistic devices and how do the different perspectives help appeal to the audience? Introduction: Jane Austen and Charlotte Bronte explore social class in a number of different ways throughout their novels Pride and the Prejudice and Jane Eyre. They do this through the use of stylistic devices, which in turn appeals to their different audiences. Both Jane and CharlotteRead MoreJane Austen s Pride And Prejudice1231 Words   |  5 Pagesinvolved; it is difficult to have a compatible relationship when one person expects something out of the other. Problems may transpire in a relationship when one concerns over things like: where the other stands in society and their financial stability. In the novel Pride and Prejudice, Jane Austen states that the desire for better social connections interferes with the workings of love through the relationship between Darcy and Elizabeth to criticize the social class structure of the 19th century. AnxietiesRead MoreManners in Pride and Prejudice by Jane Austen3437 Words   |  14 Pages Pride and Prejudice Jane Austens Pride and Prejudice not only established her historical importance among scholars and critics, but continues to remain popular. Pride and Prejudice, a comedy of manners, was published in 1813, and is a staple of the English literature. It recreates the social world of the landed gentry of early 19th-century England and embodies the theme that preconceptions and egotism can overcome true love. Pride and Prejudice is somewhat autobiographical; emphasizes the key elementsRead MorePride and Prejudice by Jane Austen1271 Words   |  5 Pageslove and marriage were concepts that weren’t very closely related. The novel â€Å"Pride and Prejudice† by Jane Austen, centers on the importance of marriage as one of life’s most important treasures and life’s greatest source of happiness. As the book title so rightfully depicts, pride and prejudice was demonstrated by the various social classes against each other as per the moral and social expectations of that society. Austen presents the reader with two main factor about relationships that are eachRead MoreThe Price Of Love By Jane Austen1315 Words   |  6 PagesThe Price of Love Within the novel Pride and Prejudice by Jane Austen, the concept of marriage is presented in the form of a contract, true sense of love, and what society deems is acceptable, which leads to different outcomes as a result of the actions taken throughout the novel. The union of marriage during this period of time was highly prioritized within society. While it was prioritized by society, there were different motives behind the holy union. Marriage was seen as an accomplishmentRead MoreHow Effectively Does the Opening Chapter of Pride and Prejudice Introduce the Reader to the Central Characters and Concerns of the Novel?1283 Words   |  6 PagesThe novel ‘Pride and Prejudice focuses mainly on the protagonists, Elizabeth and Jane. Most of the novel is centred around Elizabeths point of view. The arrival of Bingley in the neighbourhood is the starting point. In the opening chapter, the reader is introduced to Mr Bennet and Mrs Bennet. Through these characters, the reader learns about Mrs Bennets biggest concern; to marry off all her daughters. The themes of the novel are mostly related to the title, ‘Pride and Prejudice, there is an elementRead MoreFeminist Undertones in Pride and Prejudice2078 Words   |  9 PagesFEMINIST UNDERTONES I N ‘PRIDE AND PREJUDICE’ Introduction Jane Austen authored the novel ‘Pride and Prejudice’ in 1813, a period in the social history of England that saw most women as best equipped for the private and domestic realm. An ideal woman was the picture of chastity, innocence and compliancy. Even women authors in this period were expected to adhere to genres that were considered to be solely their domain- the refined arts, householdRead MoreThe Social Fabric Of Late Eighteenth- And Early Nineteenth Century England2017 Words   |  9 Pages Jane Austen s novel is principally concerned with the social fabric of late eighteenth- and early nineteenth-century England, a patriarchal society in which men held the economic and social power. In an often satirical portrait of the men and women attempting to gain a livelihood, Austen ironically points out faults in the system, raising questions about the values of English society and the power structure of the country. The novel is also engaged in an ideological debate that drives its

The Ethics Of Aristotle s Ethics - 1030 Words

In the book Nichomachean Ethics by Aristotle, Aristotle tries explain to us what the ultimate goal of the human life. He says that every activity we participate in has and ultimate goal or an end. He states that happiness is the ultimate goal in life and that every activity we engage in our daily lives is to achieve happiness. Since all activities we engage in have an end then he says that happiness is the highest of all ends. So as human beings the goal of life is to achieve the highest of all ends. Happiness is the highest end because it is sought after for itself and is not used as a means to something else. And since happiness is not used to reach something else it is considered the highest of all goods. Some things that cannot be happiness are pleasure, honor, and money. Happiness cannot be honor because it’s not stable, it is not self-sufficient and it is not unique. Happiness cannot be money because again it is not stable nor self-sufficient. And happiness can not be honor because like the other two it is not stable nor self-sufficient, honor depends on other people. Aristotle says that happiness is an activity of the soul in accord with virtue. A virtuous man is one who has been trained since childhood, a person who is rational and can control their impulses. A good person will always behave in a virtuous manner. Aristotle mentions two types of virtues, on relating to wisdom and one relating to character. Virtues of wisdom come through teachings.Show MoreRelatedAristotle s Ethics And Ethics Essay891 Words   |  4 Pagessays that people desire a conclusive theory on ethics. It is human nature to demand a clear path that does not meander into oblivion. Matters Ethics and Morality take twists and turns that seem to end in no specific action plan. Philosophers that came after J.S mill, Bentham, Kant, Aristotle and many more have strived to find a conclusive theory to Ethics. Ethics and any other branch of Philosophy has proven to be so problematic. Applicability of Ethics peddled by recent philosophers might prove toRead MoreAristotle s Virtue Ethics And Ethics1027 Words   |  5 Pagespush them to excel in their field. Aristotle’s virtue ethics gives us a framework of how we can define and classify these virtues. In this paper I will explain some key concept of Aristotle’s virtue ethics, as well as share the virtues I have learned as a student of engineering and how they will impact my future career. Aristotle’s virtue ethics attempt to answer the question of how to live a good life. Three key concepts of Aristotle’s virtue ethics are Eudaimonia, arà ªte, and telos. Eudaimonia is describedRead MoreAristotle s Doctrine Of Virtue Ethics1320 Words   |  6 Pageslead to a fullling life when followed. Aristotle provided such a set of principles in his system of Virtue Ethics. In what follows, I use Aristotle s virtues to re ect on myself. To society, I am a potential software engineer. Hence it is appropriate evaluate how virtuous I am as such. I proceed by describing Aristotle s formulation of Virtue Ethics, relating it to software engineering, and nally judging myself via this relation. Aristotle s Virtue Ethics includes a notion of causality with respectRead MoreAristotle s Theory Of Virtue Ethics1095 Words   |  5 Pagesbeginning seems to be more than half of the whole.† ― Aristotle, The Nicomachean Ethics Ethics is the philosophical study of moral judgements (Solomon: 2010). Moral philosophy has long been dominated by two basic theories; deontology, inspired by Immanuel Kant, the eighteenth century philosopher and; utilitarianism or consequentialism, which derives its modern day instructions from eighteenth and nineteenth century philosophers Jeremey Bentham and J. S. Mills, respectively (Hursthouse:1999). IncreasingRead MoreAristotle s Symposium : The Nicomachean Ethics1934 Words   |  8 Pages720532457 The Symposium verses The Nicomachean Ethics Aristotle’s Nicomachean Ethics (Ethics) is regarded as one of the, if not the greatest work concerning ethics in history. The word ethics derives from the Greek word ethos, which translates more properly as â€Å"character†, and it would seem that Aristotle’s concern in The Ethics, is what constitutes good character, and that goodness is of practical use; that merely knowing how to be a way is only half of what’s necessary, and that the known mustRead MoreAristotle s Philosophy On Ethics1330 Words   |  6 PagesNicomachean ethics is the name of Aristotle’s work on ethics based on his lectures. It is said that Nicomachean ethics were named after either Aristotle’s father or son , as they were both named Nicomachus. Aristotle believed that happiness is what makes a person pure. To prove his point, Aristotle believed that there were four moral virtues that worked together; the virtue of great soul, the virtue of justice, the virtue of pract ical judgment and the virtue of being a truly good friend. TenRead MoreAristotle s Ethics Of Happiness1282 Words   |  6 Pagespaper, Aristotle’s ethics of happiness and how happiness and reason relate to one another from Nicomachean Ethics will be discussed. For one to understand Aristotle’s point of view, one must first understand the meaning of good and happiness. If an individual is asked to explain what is good, they may simply begin to list out items that are good. Aristotle explained that a person can easily compose a list of good things like, it is good to have friends or to be healthy. What Aristotle meant by what isRead MoreUse Of Aristotle s Virtue Ethics1279 Words   |  6 Pagesis worth looking for a system of core values conducive to a principled life. Aristotle provided such a set of principles in his system of Virtue Ethics. In what follows, I use Aristotle s Virtue Ethics to re ect on my standing as a software engineer. I proceed by describing Aristotle s formulation of Virtue Ethics, relating it to software engineering, and nally judging myself via this relation. Aristotle s Virtue Ethics includes a notion of causality with respect to human nature. That is, underRead MoreAristotle s Philosophy And Ethics972 Words   |  4 PagesAristotle was a highly respected and well-known Greek philosopher, who studied both science and ethics in abundant detail. When someone famous like that writes his thoughts down on paper, and has great advice for you in your life, you tend to pay attention. In Aristotle’s papers, the Nicomachean Ethics: he defines virtue as â€Å"states of character acquired through habituation, through acting repeatedly in the way that a virtuous person would act, until virtuous action becomes second nature† (AristotleRead MoreAristotle s Ethical Theory Of Ethics Essay1194 Words   |  5 PagesIntroduction Definition of Ethics Ethics is a branch of philosophy that deals with moral startdards and virtues of human beings. Ethics has to do with what is good or bad. It can be summed as a method by which we categorize our values and persue them. Aristotle’s Ethical Theory Aristotles philosophical expanation of ethics was an attempt to offer a rational response to the question of how humans should best live. Aristotle defined ethics as guiding morals and principles that construes humans towards

Analysis Of the Marketing Strategies of Apple †MyAssignmenthelp.com

Question: Discuss about the Analysis Of the Marketing Strategies of Apple. Answer: Introduction: The essay gives a brief description of the analysis of themarketing strategies that Apple Corporation undertakes for their products in the last decade. Themarketing strategy is a game plan for a business in order to reach the customers and turning them into potential customers of the products of a company. However, the marketing strategy for Apple Corporation has been empathy. Apple Corporation CEO Steve jobs targets a strategy to bring to the customers smart phones that people think of twice before substituting it. The marketing strategy is something that has set Apple Corporation apart from the competitors and is the reason behind its huge success. There is also description of the current strategies that are to be followed in the release of the 10th anniversary model of the Apple Corporation product. The success of Apple not only lies in its standard designing of its iPhones but at the same time Steve Jobs adherence to the philosophies of the company. Certain strategies are mentioned below that has led to the success of Apple Corporation over the decades. Ignorance towards the Critics This is a common phenomenon amongst entrepreneurs to study the market based on the viewpoint of the critics. Apple Corporation however does not follow such a trend instead the company concentrates more on the development of their products irrespective of the cost. The launch of iPhone is a proof of such instance where critics failed to predict the real scenario of the market sales (Boone Kurtz, 2013). Once launched, iPhone sales shot up to four million units in 2007 in spite of many critical reviews. The figure below shows the increasing trend of iPhone sales for a certain period of time. Transforming the Ordinary into Something Extra Ordinary Most of the marketers consider a particular aspect while transforming their products into something extraordinary. However, compared to common trend Apple Corporation follows a path where it takes into consideration all aspects of the product. Makers of other smart phones take into account a single aspect of the equation while Apples tendency to consider all the aspects of the product have proved to be very beneficial for the company(Montgomerie Roscoe, 2013). While modifying the, Apple made the customers believe that it is a handheld computer with a 3.5 inch touch screen that enables making calls, writing messages and navigating through the music collection. In addition to this, the customer is also ensured adequate battery backup that allows continuous conversation for duration of seven hours with the facility of continuous retrieval of emails. Justification of Price Currently the world that one is living in has become a place where most people are unsure of charging the right price and this has resulted in situations where they opt out of using the pricing strategy. However, Apple is a company that plays completely against such norms. Apple products are priced at twice the prices of their competitors but have recorded a sale of 1.12 million units in October after its launch in 2007 (Choi et al., 2014). This because the company gives a justification of its price by bringing to the customers a Smartphone that is one of its kinds. Speaking the Language of the Audience The customers dont even understand the technicalities of a product but Apple Corporation never underestimates their customers. Therefore the company provides all information related to the products to its customers (Weinstein, 2012). Thus, one close look at the apple page and one will be able to see the product specifications and technicalities attached to the page related to the benefits of the customers. Moreover the technical jargons are mentioned in a manner that everyone can understand. Extending the Experience Apple Corporation has adopted a marketing strategy that ensures a lasting experience which means that their effect does not end with the purchase of the product. The company ensures a user experience that involves every step right from unwrapping to browsing (Kelley, 2016). Moreover, their incredible packaging and brilliant installation also ensures experiences that last for a lifetime. Development of Tribe The fan base of Apple is immense and it tops the list amongst its competitors. Apple knows the fact that they cater to elite class customers and proudly embraces the fact rather than shying away from it. Making a Name for Itself The feel among the customers that Apple wants to create is that they do not own a smart phone but something known as an iphone, a device that is more than what a Smartphone is (Katie, 2012). Even the company is not satisfied with its top position in the market and is therefore looking forward to owning the market through its high end technical products. Apple products with its unique features are considered one of its kinds. There have been various speculations about the launch of the tenth anniversary model of Iphone. However, Apple Corporation is abiding by its marketing strategies for the launch of its new version. Critical reviews and various other predictions are being made about the launch of the new version but the company has decided to remain silent and put an end to the various speculations.There has been predictions about the naming of the 10 anniversary model which could be iphone 7s, 7s plus or 8. Some critics are of the view that it might as well be called as iphone X. However, the company will reveal the reality only after its release. The release date is however kept under wraps. Although people are predicting that the following the earlier trend the release date would be sometime around early September 2017. Apple Corporation is however trying to transform and bring out something extraordinary. Therefore, the design is predicted to be an all -glass model wireless charging. Moreover, the 10 th anniversary product of Apple Corporation will make a switch to stainless steel model from the earlier aluminum construction as per the speculations by the various sources. The model is predicted to have a dual camera and a new processor. Therefore, Apple with bring to its customer a product that will give a justification of the price. There is also speculation that the 10th anniversary model might have IOS 11 software and the display would also increase to 5.5 inch. Although all are predictions but the reality will only be revealed once the product is launched. Thus, whatever is the case but Apple Corporation will not deviate from its marketing strategies. Conclusion: The essay however concludes on the note that there are various speculations about the launch of the 10th anniversary iphone but it is understood that the company will stick to its marketing strategies in the promotion of its future products. There is also discussion about the analysis of the company based on the marketing strategies. References: Alsac-Seitz, B. Smart Apps for Smart Appetites. IDEA Food and Nutrition Tips (Nov-Dec. 2012), 21. Boone, L. E., Kurtz, D. L. (2013). Contemporary marketing. Cengage learning. Choi, J., Li, Y. J., Rangan, P., Chatterjee, P., Singh, S. N. (2014). The odd-ending price justification effect: the influence of price-endings on hedonic and utilitarian consumption. Journal of the Academy of Marketing Science, 42(5), 545-557. D'Orazio, C., Choo, K. K. R. (2016). An adversary model to evaluate DRM protection of video contents on iOS devices. Computers Security, 56, 94-110. Katie, J. (2012). Critical marketing audit: The case of Apple Inc. Kelley, J. (2016). Developing for Apple Watch: Create Native watchOS Apps with the WatchKit SDK. Montgomerie, J., Roscoe, S. (2013, December). Owning the consumerGetting to the core of the Apple business model. InAccounting Forum(Vol. 37, No. 4, pp. 290-299). Elsevier. Weinstein, A. (2012). Superior Customer Value: Strategies for winning and retaining customers. CRC Press.