Social life Research Paper Example | Topics and Well Written Essays - 750 words

Public activity - Research Paper Example Around 30 or 40 years prior, a large portion of the ladies happy with their simple assignments of caring for the kids and the family matters. In any case, the advancement of science and innovation and the changing ways of life urged the ladies to think as far as finding a work for increasing progressively money related opportunity. Prior, ladies depended vigorously on men for their own costs and much of the time they had to smother their requirements in view of the challenges in getting cash from the men. The over strength of men in family, social and expert issues constrained the ladies to change their perspectives towards business and a considerable lot of them began to come out from the kitchen to join the organizations as workers to get increasingly proficient and money related opportunity. This paper examinations the Economic motivators which have propelled ladies to keep on taking an interest in the Labor Market. In numerous nations, the fast financial development was expected to a great extent to significant development in the assembling and administrations divisions, where generous and relatively bigger increment of female laborers has been registered† (WOMENS PARTICIPATION IN ECONOMIC DEVELOPMENT, p.1). Customarily, ladies had to keep their exercises to the limits of the kitchen or family as the men rule the ladies network. Ladies delighted in less opportunity in monetary issues since the men were the ones who earned cash for meeting the family costs. Despite the fact that, the ladies network buckled down in the kitchen or in the home, their occupations were set apart as the ineffective ones and they earned no monetary prizes for their difficult work. Then again, men earned cash for their difficult work and henceforth they typically went through the cash in their own specific manners disregarding the requirements of the ladies. For instance, men went through part of cash for smoking, drinking and so forth like satisfaction purposes while the ladies were denied of such delights in light of the absence of monetary prizes they were getting for their difficult work. In

The Importance of the Diary for a Study of Archbishop Laud Essays

The Importance of the Diary for a Study of Archbishop Laud Essays The Importance of the Diary for a Study of Archbishop Laud Paper The Importance of the Diary for a Study of Archbishop Laud Paper Article Topic: History William Laud, Archbishop of Canterbury from 1633 has customarily been viewed as one of the twin mainstays of Stuart despotism1, and the councilor whose impact cost Charles his crown. In spite of the fact that a lot of conflict has encircled these, and different presumptions about the Archbishop as of late, the journal, which Laud kept between the long periods of 1602 and 1643 has not been broadly utilized as a hotspot for his examination. It is essential to consider Laud as primate, yet in addition as a person so as to get the fullest conceivable comprehension of him. As Gaunt has contended that Laud is one of those grievous verifiable figures whose history has been written to a great extent from the compositions of his enemies2, I feel that an endeavor ought to be made to contemplate Laud exclusively through his own works, however specifically his journal, as it was Pynnes distortion of the content after he held onto it in 1643 that prompted such negative perspectives about the Archbishop, and spoiled contemporary and considerably later authentic assessment. Through assessment of the journal, I wish to find out what can be found about Lauds points and convictions, his huge connections, his apprehensions and vitally, his character, and how these influenced his strategies and choices. The essential hotspot for the exposition will be Lauds journal, with the structure primarily engaged upon observations raised from it, utilizing Lauds different works, letters and charges, just as Prynnes discourse of the journal and Clarendons record of Laud to enhance these ideas. Anyway this may imply that a huge extent of the paper will be hypothetical as quite a bit of my contention will be founded on what can be surmised from what Laud does, and even neglects to record. An investigation of the journal is especially imperative to me since I see Laud as an intriguing character around whom much historiographical contention is focused. He was crucial to the breakdown of the Personal Rule, and I trust it will be especially intriguing to look at occasions from his point of view. . Religion has been named a key and profound established reason for the English Civil war3; consequently there has been a lot of discussion over the key needs and points of William Laud, who as Archbishop of Canterbury from 1633, assumed a critical job in the arrangement and authorization of strict approach during the 1630s. History specialists, for example, McGee, have since quite a while ago asserted that Lauds standpoint traded off of three focal highlights; he set himself immovably against open philosophical discussion and put stock in the advantages of service. Fundamental and educating these was his profound conviction that the Reformation had denied pastors of power rebuilding of the administrative home to its legitimate spot was totally necessary4. As proof exists inside the journal which underpins this contention, every one of these mandates will be considered thusly through an assessment of the content, trying to decide the quality of Lauds religious points, and determine if there was, as McGee claims, a key need inside these. It is show that Laud accepted the counteraction of philosophical discussion was basic if request and dependability were to be brought to the Church of England; a target which drove him to seek after a savage battle against radical supposition, concentrated especially on Puritans. By dismissing the normal types of reveres, Laud imagined that they isolated themselves from the network and energized strict discussion, and were consequently going about as a fifth segment inside the congregation; these are hazardous men, they are a dispersed company5. Lecturing, to Puritans the fundamental errand of the service, was to Laud one such hazardous wellspring of conflict needing guideline, an outlook which is tangible all through the journal, for instance 1625, he composes of the timetable he accumulated at the Duke of Buckinghams demand, in which the names of numerous Churchmen were set apart with the letters O. also, P. 6, all together that the King ought to be prompted while naming ministers with respect to which were Orthodox, and which were Puritan, and along these lines reasonable and unsatisfactory individually. Mindful that the Puritan common people had the option to expand their impact over religion by financing teachers from impropriated titles; speakers who were frequently picked to mirror their supporters advancement as opposed to maintain the articles of the congregation, Laud made plans to oust the feoffment, hazardous to both Church and State, an unquestionably solid goal given that he positioned it second in the broad rundown of Things which I have anticipated to if God favor me in them7,written at the rear of his journal. Consistent with Lauds doubts, in 1632 Attorney General William Noy revealed that numerous teachers paid for by the feoffees for impropriations, the City association engaged with the purchasing up of chapel tithes and supports, stayed responsible to them, prompting claims that the feoffees were an illicit partnership which was endeavoring to make a congregation inside a congregation, outside the authority of the King. Taking note of in February 1632 his help that the feoffees for impropriations were broken down in the Chequer Chamber, Lauds includes that they were the fundamental instrument for the Puritan group to fix the Church8, which taken close by his journal passage of 1638, the tumults in Scotland about the Service-Book offered to be acquired hath now brought that ruler down in harm's way. No inquiry, yet theres an incredible simultaneousness among them and the Puritan party in England9, indisputably exhibits his profoundly held and enduring conviction that Puritans were occupied with composed political action to destabilize the Caroline system. Consequently, in spite of the attestations of different pastors, for example, Archbishop Abbott, that there isn't in the Church of England, left any inconformable clergyman, which appeareth10, it is apparent from the journal that Laud not the slightest bit shared this view, and rather set himself immovably against the peril presented by philosophical debate which he trusted Puritans, specifically, caused. The journal likewise exhibits the accentuation Laud put on the avoidance of fate conversation, which by beginning of the Personal Rule had become a genuine and dangerous issue inside the general population and political circle. Richard Montagus, A Gagg for the New Gospel, distributed in 1624, had lighted discussion on the issue through his questionable Arminian attestation that the Church of England hath not showed it, doth not trust it, hath restricted it11. In spite of the fact that Charles and his Privy Council went to lengths to quieten discussion from that point, Laud stayed dreadful that the political repercussions of the reason, book and assessments of Richard Montagu would establish what he portrayed as, a cloud emerging and undermining the Church of England12. Endeavors to control the destabilizing effect of religious discussion finished in an imperial decree in 1629 which prohibited conversation of destiny, as Charles and Laud accepted that the best approach to make sure about universality was not to demonstrate the genuine tenet, however to quietness all controversy which could prompt a re-opening of open discussion. In any case, there has been a lot of authentic discussion with regards to whom was genuinely affected by the decree; Kevin Sharpe has contended that Laud himself was unconcerned with the fluctuating deliberations of fate, as his principle connection was to consistency of love instead of the particulars of religious dispute13, and therefore where predestinarian discussion was controlled, it was done as such in a fair way, a view upheld by Julian Davies, who utilizes the Woodstock becoming aware of August 1631 as the establishment for his discussion, declaring that it is here that Lauds philosophical demeanor is most convincingly outlined. At the conference, Charles by and by supervised the instance of a few Oxford priests blamed for conveying Calvinist articulations in direct negation of the regal announcement against fate lecturing. During procedures, claims were made that while these men had been hushed and rebuffed for their convictions, others had been unreservedly allowed to communicate Arminian perspectives, causing Charles, having ever wanted that those focuses ought to be forgone on the two sides impassively, to request of Laud the reality of the situation. Confronted with Charles mediation, Laud made a serious guarantee before God that he had upon all events necessitated that the individuals who lectured whichever way ought to be continued with indifferently14. Davies and Sharpe have been substance to fully trust these words, and for sure there is nothing in the journal that legitimately recommends Lauds emotional position on the matter of fate; his record of the conference, however extensive, is entirely verifiable, and no place does he record his own religious perspectives or express any assessment on the issue, which loans weight to Sharpes guarantee that Laud didn't discuss tenet since it was not of extraordinary enthusiasm to him15. David Como, then again, discredits this case and rather contends that Laud was occupied with an efficient arrangement to chop down Calvinist talk, and that his affirmations of fair-mindedness at Woodstock were to serve the composition of procedures, which he knew would be printed and circled, and were along these lines minimal in excess of an intentional endeavor to control popular conclusion and subdue bits of gossip about out of line treatment towards against Laudians16. It is obvious that Laud set an immense measure of significance on the Woodstock hearing, as it is one of just eleven occasions that he records in his long periods of o

How to Write a National Honor Society Essay

How to Write a National Honor Society EssayA National Honor Society essay is an example of an academic research paper that helps to build your college grades. It is written with the use of a sample essay to aid you in writing an essay. Each essay is unique, and your application for admission has to be carefully thought out and planned for the admissions officer reviewing your paper.Your National Honor Society essay is composed of different sections that help to determine your grade. Each section consists of a variety of essays that are developed by an admissions officer in order to match your application with a grade point average. Your essay is then designed around your final score. Since each college has a different review process, your essay is tailored to the specific college that you are applying to.The first part of your paper is known as the introduction. This section contains information about yourself. This is your chance to tell them a little bit about yourself and who you are. This section is one of the most important parts of your paper, because this is where you can get an idea of how much they are expecting from you. This information will be used to calculate your final grade.Every college applies a certain degree of formatting to their applicants. The higher ranked a school is, the more the college applies formatting guidelines that only slightly affect the grade that is given. One thing that you will learn is that the college's course outline and degree requirements greatly affect the grades that are given out.Essays are usually divided into two parts. Your first section is your central thesis statement. The second section is your content. The objective of your essay is to help the college reader understand and relate your core strengths and experiences to the subject matter of the paper.Each essay will consist of three different parts. The introduction is broken down into paragraph headers, which include sentence style, paragraph structure, sub headings, and information. You will find that the essays consist of forty-five thousand words in length.College scholarship essay examples come in all shapes and sizes. The National Honor Society essays are no exception. You will find that there are some sample essays available that can guide you through your writing experience. They can be found by searching on the Internet for scholarship essays.The last step of the process in order to get accepted for admission to your dream college is to submit your essay. This should not be a problem, especially if you are doing the work on your own. Make sure that your essay comes across as professional and that it reflects your personality as well as those of the admissions officers reviewing your application.

Whistle Blowing Exercises In Indian Corporations Finance Essay - Free Essay Example

Sample details Pages: 11 Words: 3164 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Martin Luther King Jr. said, Our lives begin to end the day we become silent about things that matter. For Indians to understand that is not difficult. Don’t waste time! Our writers will create an original "Whistle Blowing Exercises In Indian Corporations Finance Essay" essay for you Create order Just read My experiments with truth by Mahatma Gandhi. Ownership of failure gives you so much price and conviction. Running a company is in fact all experiments of failures. You will learn a lot more by discussing failures. Why dont you discuss failures in quarterly returns? Because today companies that survive they have had many failures. Can you own up your failures like Gandhi and Obama? No doubt, in the world there only a few who own up failure. In the public, business and corporate context this has becoming a serious matter in India. Conceptual Framework on Corporate Governance Corporate governance means best practices of processes, rules, policies etc which affects the way a firm is heading, or being controlled. Corporate governance also says the relationships between the many players interested and the goals for which the corporation is governed. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management, and the board of directors. Other stakeholders include employees, customers, creditors, suppliers, regulators, and the community at large. Corporate governance has emerged as an important both in India and globally. Expectations of stakeholders are extremely high and the scrutiny by regulators and investors incredibly stringent. As a consequence, Ind ian companies are proactively implementing measures for the same. Going forward, one of the most important challenges for Board members is to build a foundation of trust with management, the investment community, regulatory agencies and the public. The stakes are high and the margin for error is low and while new standards are emerging, one thing remains clear: the responsibility to adopt sound governance practices has been placed squarely on corporate Directors and officers. Indispensable Principles of Corporate Governance: o Discipline in operations o Transparency in dealings and disclosures o Accountability to shareholders o Responsibility of companys action o Social Responsibility o Improving group dynamics and harnessing individual talents o Enhancing early-warning mechanisms for critical risks o Mitigating exposure to liability o Building credibility and trust with stakeholders o Embedding sustainability as a corporate value Mis-Governance in Indian Corporations Whatever be the principles embedded in the process of corporate governance, the world can not be free from malaise of mis-governance. The degrees and intensities of mis-governance matter more on perception, position, interpretation, inflections, and situation. However, truth is truth. In case of corporate governance in India we have many records of good governance as well as mis governance. A study called Early Warning Signals of Corporate Frauds, conducted by the Pune-based Indiaforensic Consultancy Services, a forensic accounting and education firm, from January 2008 to August 2008 has come out with shocking revelations about corporate frauds. The study has revealed that at least 1,200 companies out of 4,867 companies listed on the Bombay Stock Exchange and 1,288 companies listed on the National Stock Exchange as on March 31, 2007, including 25-30 companies in the benchmark Sensex and Nifty indices, have massaged their financial statements. The study investigated 11 sectors, v iz. real estate, retail, banking, manufacturing, insurance, public sector undertakings, mutual funds, transport and warehousing, media and communications, oil and gas and information technology. The manufacturing sector, which contributes about 28 per cent of Indias gross domestic product, is the one most ridden with fraud mainly due to the peculiar nature of the business and the procedural complexities inherent in this sector. Real estate and public sector undertakings came second. Corporate Fraud in India is Rising, 45% of the 1,000 respondents from leading Indian businesses declared that fraud had increased within their organization (KPMG- Study, April, 2010). Nearly one in every 13 corporate houses in India had suffered losses between Rs 40 lakh and Rs 4 crore due to corporate frauds while nearly half had faced such frauds in the last three years. About one in two corporate believes that at present corporate fraud is much more prevalent in India than three years ago. New technol ogies, new inventions and expansions into new markets have opened the door to various forms of fraud, while the threat has increased mainly because of high attrition. These were some of the major findings of a report on fraud perception among top corporates around the globe by Economist Intelligence Unit (EIU) for Kroll Inc. Weak internal control systems, eroding ethical values and a reluctance on the part of the line managers to take decisive action against the perpetrators are cited as the most vital underlying reasons for frauds being on the rise, the report said. Corporate fraud may be on the rise, at the same time, to reduce there are rules and policies to protect from the corporate frauds are also increasing day by day. Whistle blowing policy is also a recent emergence in the spare of corporate governance. Whistle Blowing Policy Framework in India The Securities and Exchange Board of India (SEBI) vide its circular dated August 26, 2003 has amended the Principles of Corporate Governance incorporated in the standard Listing Agreement. The amended principles, inter-alia, require the Company to formulate a policy called Whistle Blower Policy. The object of said policy is to encourage the employees of the organization to bring to the attention of the management any irregularity, corporate misconduct or unethical or improper practices prevailing within the Organization and its redressal. While the government still has to bring out a comprehensive whistle-blower policy, the Securities and Exchange Board of India (Sebi), the market regulator, included guidelines for companies in an amendment to Clause 49 of the listing agreement in August 2003. Under the guidelines: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ An employee wanting to report a fraud or malpractice in his organization has direct access to his companys audit committee and can ap proach it without seeking the consent of his superiors ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ The company will send a circular or other correspondence to all its employees informing them that they enjoy this right; it will also protect them from harassment such as termination of services or otherwise discriminate against them ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ The company will confirm that it has adhered to the above practice in its annual report, in the Board report on Corporate Governance. Under the age is of government of India Corporate Governance Voluntary Code 2009 has been Published by Ministry of Corporate Affairs, Government of India, New Delhi. Exercises of Whistle Blowing Report of the Confederation of Indian Industry, Task Force on Corporate Governance made recommendation for voluntary adoption. The Task Force recommends institution of a mechanism for employees to report concerns about unethical behaviour, actual or suspected fraud, or violation of the companys code of conduct or ethics policy. It should also provide for adequate safeguards against victimization of employees who avail of the mechanism, and also allows direct access to the Chairperson of the audit committee in exceptional cases. In the Heritage Food (India) Ltd. Whistle blower policy, mentioned that an employee of the Company who discloses in good faith any unethical improper practices or alleged wrongful conduct to the Head of Department or in case it involves Managerial Personnel to the Managing Director and in exceptional cases to the Audit Committee in writing. The Whistle Blowers role is as a reporting party, he/she is not an investigator. Although the Whistle Blower is not expected to prove the truth of an allegation, he needs to demonstrate to the Audit Committee, that there are sufficient grounds for concern. In the preface of Whistle Blower Policy in Maruti Suzuki India Ltd mentioned that Clause 49 of the Listing Agreement between listed companies and the Stock Exchanges, inter-alia, provides, a non-mandatory requirement, for all listed companies to establish a mechanism called Whistle Blower Policy for employees to report to the management instances of unethical behaviour, actual or suspected fraud or violation of the Companys code of conduct or ethics policy. HCL has adopted a Whistle Blower Policy to provide appropriate avenues to the employees, contractors, clients, vendors, internal or external auditors, law enforcement / regulatory agencies or other third parties to bring to the attention of the management any issues which are perceived to be in violation or in conflict with the fundamental business principles of the Company. The emplo yees are encouraged to raise any of their concerns by way of whistle blowing. All cases registered under the Whistle Blower Policy of the Company are reported directly to the CEO (HCL, Corporate Governance Report 2009-10). Whether WB Successful in India The evidences of whistle blower policy in Indian companies are not in dearth. However, there are looming questions on implementation, also on the rate of success Whether whistle blowing is successful India must be answered in the context of conflicting cultural norms of corporation, which make it likely that whistleblowers will encounter hostility and alienation. As Terance Miethe explains in his book, Whistle blowing at Work, many people see the whistleblower as a snitch, or a a lowlife who betrays a sacred trust largely for personal gain. This attitude was illustrated by an arbitrator in a 1972 case, who told the employee that you cannot bite the hand that feeds you and insist on staying on for the banquet. Among others, Peter Drucker, the famed management guru and anti-whistleblower, viewed whistle blowing as informing, illustrating yet another instance of the animus whistleblowers have to expect from advocates of loyalty to the organization first. On the flip side, whistlebl owers such as Frank Serpico and Karen Silkwood are seen as saviors who ultimately helped create important changes in organizations. This approach to whistleblowers as guardians of public accountability is often taken by consumer advocates such as Ralph Nader. Given this dichotomy, whistleblowers may well encounter difficulties when they appeal internally or go public with information that may damage their companies. To review the success of the whistle blowing exercise in Indian corporation is a contestable question. What opinion do the experts hold need to serious scan to contest? The following are the comments and opinions hold by the various experts on whistle blowers- The rule of the vigilance is not to take any cognizance of or action on anonymous or pseudonymous complaint, as nobody comes forward to prove the allegation and the allegation must be proved beyond any doubt. So, nobody can blame any authority if no action is taken on any anonymous complaint. Of course, some people make anonymous complaints just to have fun. But, the question arises, why people do resort to the use of anonymous route of whistle blowing, rather than coming openly? In fact, whistle blowing system proves to be a system of reporting the police, whose members themselves are involved, and the reporter would gets exposed if he tries to report the flaw openly and would get the target of their ire and harassment through alternative routes. However, it is but natural that the corporate directors wont take any note to the whistle blowing system seriously, as no serious accounting breach is usually made without being in their own knowledge. In fact, whistle blowing system proves to be a handy tool for them to gauge the system as to what extent any employee has become aware of their own malpractices or unethical practices, normally made through others. On the other hand if the matter comes through the audit committee, there is a good reason for them to deploy significant resources, i.e., misuse of resources in a justifiable way and still be able to make an eye wash. In fact, the resources are lavishly deployed to make people feel, as if the corporate directors are very serious about the matter, while their efforts are to hush up the matter some how or the other and the manpower deployed for investigation are normally their own tutored henchmen to twist the things to make a very easy and safe escape. Evidently, corporate organizations do not take care of the whistle blowers allegations seriously, rather, if you try to watch seriously, they try the system smartly to their advantage to make their safe escape out of the allegations by side tracking the issues. (PS Dhingra, CEO Vigilance Transformation Management Consultant, Dhingra Group of Management Educational Consultant). I doubt that there are too many whistle blowers in industry! Nor do companies encourage whistle blowing. Most private organizations become big through quite a bit of manipulation, most of it unethical; very early on, newcomers to the company learn that honesty is not valued; the more honest among them will leave rather than try and fight the system; others will learn that silence is golden! A few may fight, but once their life is at stake, how many will want to become martyrs? Whistle blowing should be encouraged, but more important is that the media plays its role well enough to report wrongdoings. (K. Narayanan, Sr. GM). This whistle blowing mechanism is, just a systemic element, to reduce or to alleviate corruption run the Company profitably. Bottom-line increase means an incentive to its employees in the form of Bonus etc. Whistleblower mechanism can work out provided the informer should be assured that his information should be confidential not be spread to any other persons for his security reason. More over there should be minimum criterion for whistle blowing that all silly matters should not be entertained but only serious critical matters. (Arun Ku mar K. Security/ Equity Research Analyst, Thomson Reuters). As far as India is concerned unless  Corruption  exists  in the system this type of step will not only be Unsuccessful but will be Misused.!! (Urvish Pankajkumar Subodh). In India, the corporates speak about integrity, which exists in name only.HR departments are just showcases that bring a few pretty faces to the company, without any power to take good decisions (neither will , perhaps). We worship the corrupt persons, provided they have been able to build big business empires. (Shyam S, Project Leader/Managing Consultant, A leading EDA firm) An HR department of a company is something similar to whistleblower section only. But does it really work? It cannot. After all everybody is dependent upon the company for his salary, and career prospects. And bigger companies almost always run through various groups involved in various forms of complex politics. Its always risky, for an individual no mat ter dependent (for salary, designation, career) or acting as an independent body (but lesser in earning power as compared to the company) to tip off a company about its real situation. But yes, an independent body of individuals, who earn according to the number of complaints got by employees, may help a companys owner, to understand where really the structure of company laid down by him, is standing. (Vishwas Gagrani, Game Development, Freelance). I dont think so, and in the wake of a big satyam fraud,  corporate organizations should take care of these things even more carefully. Corporate organizations are required to provide anonymous whistle-blowing channels to their employees. Anonymous reporting channels are intended to protect organization from financial fraud and also any other malicious activity that is happening in the organizations, even in the case of workplace harassment one can use these channels, and how these whistle-blowing channels allow employees at majo r corporations to report fraudulent accounting and auditing matters without fear of retaliation from management.   But, without any action taken against them, whistle blowers are scared to report any fraudulent activities, as they will become the target in future from those people (Darshana Sawant, HR Manager, Leading IT services company). In most cases the hunter becomes hunted, hence most people want to play safe to safeguard their post and position. Those who come forward should be encouraged and should be given required protection. But, in most cases the value of malpractices at the top level is higher and is being shielded, since in most cases it is not by a single person. (S.Baalu , Consultant, Daspan Industries Ltd.) Whistle Blowers are Corporate Conscience Keeper, but still in the vulnerable state. Report of the CII Task Force on Corporate Governance 2009-10 reads at the point number -16, that Clause 49 has recommended that companies establish a mechanism for em ployees to report to the management concerns about unethical behaviour, actual or suspected fraud or violation of the companys code of conduct or ethics. Even though companies have adopted and communicated the existence of a whistle-blowing policy, we have not seen any success on this front in corporate India. The Task Force pondered over what organizations can do to create an environment which helps employees to prevent undesirable practices. It was felt that adoption and encouragement of the policy should be made mandatory for all listed companies. This is bound to send a positive signal to employees that the management is willing and able to prevent any illegal activity and also ensure that there is a process by which the individuals can expose the problem to the appropriate authority who can take action. The employees would need to be oriented towards the companys ethics policy. HR Department can play an effective role in the process by assigning ombudsmen, providing special tel ephone numbers and email IDs. Since whistleblowers need to be provided high degrees of protection, the Listing Agreement should consider providing statutory protection from dismissal or wrongful termination for acting as a whistle blower. There are adequate precedents in other jurisdictions for such laws and these could be examined. Fostering a culture which promotes and supports institutionalization of whistle blowing policy shall deter corrupt practices and help in preventing corporate disgrace and debacles. All quotes incorporated above speak about the actions and curative measures those need to be taken into account for making whistle blowing scheme success. Hence, ministry, and professional bodies as well as practitioners need to address these issues. Conclusion Let the governors, stakeholders live by not remain silent about things that matter. Let Indians to understand the spirit of My experiments with truth by Mahatma Gandhi, on ownership of failure so that management can reap the price and conviction. Let directors do learn from the running a company through its all experiments of failures publicly. Let the self governance through learning from failure and discussion failures become the moral compass which would indicate about the aligned transparency. Why dont the board members of any company discuss failures in quarterly returns? National foundation for corporate governance should work on it seriously to achieve its inherent missions to make significant difference to Indian Corporate Sector by raising the standard of corporate governance in India towards achieving stability, growth, self disclosure, transparency building in corporate practice. Because today companies that survive they have had many failures. Would the corporate manage rs own up their failures like Gandhi and Obama? If we would not blow our whistle through the ownership of failure than the any whistle blowing mechanism wouldnt work? To increase intensity of whistle blowing for good governance education and HRD can play a vital role.

Gattaca and Sociology - 2286 Words

SOC 101/110 Gattaca â€Å"Gattaca† is a movie about a man named Vincent who is born into a â€Å"new† society that uses genetics as the make-up for what social class you are given and will remain in, no matter what you do. Vincent is a â€Å"godchild†. He is born the â€Å"natural way†, without any genetic altering and his future is set for him as soon as he is conceived. His place in society is at the bottom of the social class and with all his â€Å"birth defects†, he seems to be placed even lower. He has poor eyesight and heart problems among many other things and is only given a life expectancy of around thirty years of age. He is denied the basics of life such as medical care and education. When his brother, Aton, is born through genetic†¦show more content†¦This is what Vincent does. He finds a man named Jerome who has been injured in an accident and is now paralyzed. He takes over Jerome’s life. By using hair, skin, blood, urine and other DNA, V incent becomes Jerome and secures a job at Gattaca. His desire to go into space can now be a reality but only if he can keep up the facade. Micro socialization is more of the relationship that Jerome and Vincent have. At first, Jerome treats Vincent with a mere indifference. He does not take his new â€Å"job† seriously and his constantly drinking or doing drugs in order to take his own pain away at having lost out of his own life. After a while, Jerome and Vincent become brotherly types who take care of each other. In the final parts of the movie, Jerome shows Vincent that he has stored enough DNA for â€Å"two lifetimes† and that when Vincent returns from space it will all be waiting for him. Jerome then commits suicide by burning himself in the furnace to avoid any traces of â€Å"Jerome’s † DNA being found while Jerome is gone in outer space. The social structure within Gattaca is simple. You are either a Valid or an Invalid. There is no in between. Invalids do no associate with Valids and so on. If you are a Valid, you have power, prestige and property. You can obtain a good job, secure a future with a perfect mate, have perfect children and do all the â€Å"right† things. If you are an Invalid you are destined to poverty and no power along withShow MoreRelatedSociology: Gattaca Movie Paper1638 Words   |  7 PagesRuben Arrieta Professor McGinnis Sociology 101 11 November 2010 Gattaca Gattaca is a movie that contains a very interesting society. As in all societies, discrimination exists and it is primarily between two groups. The valids, as they are called here, are the dominant group who oppress the group known as the invalids, which is the group consisting of the less privileged individuals. However, in this society, privileged and less privileged does not refer to the individuals in terms of wealthRead MoreWhats Eating Gilbert Grape- Review and Critique2227 Words   |  9 PagesThe representation of disability in Gattaca. Australian Screen Education, 31, 111-114. Harnett, A. (2000). Escaping evil avenger and the supercrip; Images of disability in popular television. Irish Communications Review, 8, 21-29. Hayes Black (2003). Troubling Signs: Disability, Hollywood Movies and the Construction of a Discourse of Pity Livingston, K. (2004). Viewing Popular Films about Mental Illness through a Sociological Lens. Teaching Sociology, 32(1), 119-128. Malony, S. (2002).

Leonardo Da Vinci And The World Of Engineering - 1578 Words

Engineering Drawings Military vehicles and weapons, flying objects, like planes and drones, robots, the study and understanding of kinesiology, and our knowledge of how water flows†¦ This may seem like a random list of things that have no significance to each other at all, but they all in fact have something in common. The common thread that links these things is Leonardo Da Vinci. Leonardo has impacted the world of engineering in so many different ways, it is almost impossible to count them all. He is considered to be the father of numerous innovations and designs and some of his original works are still being referenced today. This essay will discuss Leonardo and how his inventions were not only masterpieces in his time, but also how they provided a foundation for future engineers to build from. It all started in the little town of Vinci, just twenty two miles outside of Florence, Italy (DaVinci Tech). Leonardo da Vinci was born on April fifteenth, 1452, to a family that was n ot very wealthy; so he could not afford any form of education (Leonardo da Vinci). Despite this, Leonardo’s designs were still way beyond his time. Leonardo lived in Vinci for some time, but eventually moved to Milan, a military based city at the time, where he drew some of his first designs. Milan’s environment stimulated his military inventions. Today, military vehicles and items are very commonly seen around the world, and a lot of them originated from Da Vinci’s designs. For example, Leonardo’sShow MoreRelatedLeonardo Da Vinci1629 Words   |  7 PagesHistory 101 | Leonardo Da Vinci | Renaissance Pioneer | | Luis Quelhas | 11/13/2012 | | Leonardo Da Vinci was born on April 15, 1452. His father was a wealthy notary, named  Piero Fruosino di Antonio da Vinci. His mother Caterina was a sixteen year old peasant girl. 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Financial Reporting of Tiger Resources Limited

Question: Discuss about theFinancial Reporting of Tiger Resources Limited. Answer: Introduction According to Hennes (2014), contingent liabilities and assets refer to the future potential assets and liabilities; on the other hand, provision refers to the saved amount that is kept aside to cover the future liabilities. The financial report of every company includes these two above mentioned components of accounting. The Australian Company, Tiger Resources Limited has been taken to evaluate several aspects of contingency and provisions. The main operation of the company is to discover, develop and explore copper or cobalt deposits. The various stages of this reports helps to show various relation between contingency and provision with proper example from the 2015 Annual Report of the company (www.tigerresources.com.au 2016). Recognition Criteria As per the guidelines of Australian Accounting Standard Board (AASB), there are some specific criteria to recognize the provisions and contingent liabilities or assets of a company. The criterion which is followed by Tiger Resources Limited is discussed below: Provisions As per the 2015 Annual Report of Tiger Resources Limited, the company follows certain rules while recognizing the provisions. There are three kinds of provisions in the company that is legal claims, good obligations and service warranties. These provisions are recognized when the company has a recent obligation due to the occurrence of some past events (Elder et al. 2016). Naturally, these events will cause the outflow of cash from the company as these obligations needs to be settled. For the settlement of obligation, Tiger Resources Limited uses to make the provision out of the profit of the company. There are no rules for provision for the future losses of the company. The amount of money of the provision is based on the nature of the obligation. There are both small and big amount of provisions in the company (www.tigerresources.com.au 2016). Contingent Liabilities or Assets Tiger Resources Limited has been following the guidelines of AASB to recognize the contingent liabilities and contingent assets. The company will consider an event as contingent liability when there is a potential of cash outflow in the near future due to some pat events. Unlike the provisions, it is not always necessary that there will an outflow of cash in contingent liabilities. There is a possibility of reimbursement (Barker and McGeachin 2013). On the other hand, if there is a possibility of cash outflow in the near future due to some past events, the event will be considered as contingent assets. Contingent assets and liabilities do not appear in the balance sheet of the company (www.tigerresources.com.au 2016). Difference Between Contingent Liability Provisions There are certain differences exist between the provisions and the contingent liabilities. The difference starts from the definition. Provision is the guaranteed cash outflow due to some incidents. On the other hand, contingent liabilities indicate the potential outflow of cash due to some past events. In case of provisions, the obligation is present that demands the outflow of resources in the near future. Thus, here the liability is recognized. However, there is an obligation present in the contingent liabilities, but the liability is not recognized. Hence, there may be a future cash outflow. The possibility of outflow of resources is remote here (Lagrange, Viger and Anandarajan 2015). The amount of future cash flow in case of contingent liabilities can be estimated in provisions; but in most of the cases, the amount of cash outflow cannot be estimated in contingent liabilities. The provisions are considered as expenses and they are shown in the Profit and Loss A/c of the company. On the other hand, the contingent liabilities are not considered as the proper liabilities of the company. Thus, they are shown as footnotes under the balance sheet of the company. These are the basic differences between provision and contingent liabilities (www.aasb.gov.au 2016). Examples of Provisions and Contingent Liabilities There are certain cases in the Annual Report of Tiger Resources Limited which can be considered as the contingent liability and provisions. One example from each aspect of Tiger Resources Limited is discussed below: Contingent Liability The example of Tiger Resource Limiteds contingent liability is the amount of income tax return for the year ended 31st December, 2014. The tax amount in that period is under review by the rules of standard annual tax audit procedure. The company has received notice from the tax department after paying the tax for the financial year 2012 and 2013. As per the company, there is no legal obligation that the company has to pay the tax. However, there is still a chance that the company may need to pay the tax amount in the near future. This tax case of Tiger Resources Limited has a future uncertainty whether the company has to pay the amount or not. This situation is the perfect example of a contingent liability. The amount is not fixed. On the other hand, there is an uncertainty over the payment of the taxes. This is a perfect example of contingent liability in the books of Tiger Resources Limited. This amount will not appear in any financial statement of the company, but will be shown un der the balance sheet as footnote (www.asx.com.au 2016). Provisions Provision refers to the saving of money or resources for the future events of the companies. As per the 2015 Annual Report of Tiger Resources Limited, there are non-current provisions in the company. According to the 2015 Annual Report of the company, the amount of non-current provision for the year 2014 is $ 5,609,000 and for the year 2015 is $ 3,598,000. Among the amount of 2015, there are three slabs. They are employee benefits long leave provisions, rehabilitation provision and other provisions. From the above stats, it can be seen that the provision amount of 2015 is less that the amount of 2014. That means the company has a well defined provision management plan. It is not desirable to have a big amount of provision as provisions always make the net profit small. There is a gap of $ 2,011,000 ($ 5,609,000 - $ 3,598,000) between 2015 and 2014. This is a huge improvement for Tiger Resources Limited (www.tigerresources.com.au 2016). Measurement Valuation There are certain measures of valuation of the provisions and contingent liabilities or assets. These measures have been developed by the Australian Accounting Standard Board (AASB). Based on the kind of operation, the companies choose their own measures of valuation of provisions and contingents (Walker 2012). The measurement processes are discussed below: Provisions Tiger Resources Limited measures the provisions on the basis of present value. The management first predicts the best value of the provision which is required to settle down the obligations and the uses the discount rate to assess the present value of the provisions. This measure includes various aspects. To assess the present value, the time value of the money is calculated. On the other hand, the risk involved in the process needs to be analyzed. After using the discount rate, the pre tax value of the provisions can be obtained. In the case of rehabilitation provision, the same method is applied that is the present value method. The obligations of provision must be settled on the balance date (Barth 2013). Contingent Liabilities or Assets The rise of contingent assets and liabilities depends on the occurrence of some future incidents. There is not any rule of showing the contingent assets and liabilities in any financial statements. However, they are shown as the footnotes under the balance sheet. Thus, there are not any specific criteria to measure the contingent liabilities and assets. Tiger Resources Limited has adopted the fair value method to calculate the amount of contingent assets and liabilities. In his method, Tiger Resources Limited uses to calculate the value of contingent liabilities at the time of settlement by using the discounting factor and obtain the value of the liabilities (Jin, Shan and Taylor 2015). These are the applied criteria used by Tiger Resources Limited to ascertain the value of provisions and contingent liabilities or assets. From the above discussion, it can be concluded that Tiger Resources Limited use fair value as well as present value method for the calculations. Implications As per the above discussion, it can be concluded that provisions and contingents are the two very important aspect of the business. The accountants must take into consideration these aspects while preparing the annual report of a company. It is quite obvious that when a business is operating, it will some unresolved cases. On the other hand, these cases must be resolved in near future and for that reason there should be precautions in the form of provisions and contingents. Both provisions and contingents have the same meaning to some extent. However there is a huge gap between provision and contingents. In other words, provision is certain where contingents are not certain. There are two examples given from the 2015 Annual Report of Tiger Resources Limited. The first example is about the contingent liability of the company and the second example is about the accounting provisions of the company (Hausman 2012). In the first example it has been shown that there is an unresolved case exists in the 2015 Annual Report of Tiger Resources Limited. The case is about the return of income tax for the financial year 2014. The matter is under the review of the tax and audit authority. Tiger Resources Limited has considered the total amount as contingent liability. That means there is a probability that the company either has to pay the money in future or not. In case of contingent liabilities, cash outflow is uncertain. Thus, the company will show the amount of money in the footnotes under the balance sheet. This amount will not create any impact on the current financial position of the company. However, it can create an impact in near future if the money has to be paid (Richardson, Taylor and Lanis 2013). In the second example, the provision amount of Tiger Resources Limited for the years 2014 and 2015 has been shown and analyzed. It has been seen that the company has provisions for various purposes like employee benefits, rehabilitation and others. As per the 2015 Annual Report of the company, the amount of provision has become less in the year 2015 compared to the year 2014. It indicates a prospects future of the company in provision management. As the provisions are made out of the net profit, it is desirable that there is less amount of Provision. Hence, in near future the company should take more corrective measures so that there is little amount of provision for the company (Arslanalp and Liao 2014). References aasb.gov.au.(2016).admin/file/content105/c9/AASB137_07-04_COMPoct10_01-11.pdf. [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB137_07-04_COMPoct10_01-11.pdf [Accessed 28 Sep. 2016]. Arslanalp, S. and Liao, Y., 2014. Banking sector contingent liabilities and sovereign risk.Journal of Empirical Finance,29, pp.316-330. asx.com.au. (2016).asxpdf/20150331/pdf/42xn4kykjjrzvy.pdf. [online] Available at: https://www.asx.com.au/asxpdf/20150331/pdf/42xn4kykjjrzvy.pdf [Accessed 28 Sep. 2016]. Barker, R. and McGeachin, A., 2013. Why is there inconsistency in accounting for liabilities in IFRS? An analysis of recognition, measurement, estimation and conservatism.Accounting and Business Research,43(6), pp.579-604. Barth, M.E., 2013. Measurement in financial reporting: The need for concepts.Accounting Horizons,28(2), pp.331-352. Elder, N., Penm, M., Pallerla, H., Meulen, M.B.V., Short, A.D., Diers, T., Imhoff, R.J., Wilson, B. and Boone, J.M., 2016. Provision of Recommended Chronic Pain Assessment and Management in Primary Care: Does Patient-Centered Medical Home (PCMH) Recognition Make a Difference?.The Journal of the American Board of Family Medicine,29(4), pp.474-481. Hausman, J.A. ed., 2012.Contingent valuation: A critical assessment(Vol. 220). Elsevier. Hennes, K.M., 2014. Disclosure of contingent legal liabilities.Journal of Accounting and Public Policy,33(1), pp.32-50. Jin, K., Shan, Y. and Taylor, S., 2015. Matching between revenues and expenses and the adoption of International Financial Reporting Standards.Pacific-Basin Finance Journal,35, pp.90-107. Lagrange, B., Viger, C. and Anandarajan, A., 2015. Contingency liabilities: The effect of three alternative reporting styles.Research in Accounting Regulation,27(2), pp.119-128. Richardson, G., Taylor, G. and Lanis, R., 2013. The impact of board of director oversight characteristics on corporate tax aggressiveness: An empirical analysis.Journal of Accounting and Public Policy,32(3), pp.68-88. tigerresources.com.au. (2016).aurora/assets/user_content/File/01733774%281%29.pdf. [online] Available at: https://www.tigerresources.com.au/aurora/assets/user_content/File/01733774%281%29.pdf [Accessed 28 Sep. 2016]. Tigerresources.com.au. (2016).Tiger Resources. [online] Available at: https://www.tigerresources.com.au/company_profile.7.html [Accessed 28 Sep. 2016]. Walker, R.G., 2012. Permissive and Uninformative Reporting of Clean-Up Costs.Contemporary Issues in Mining: Leading Practice in Australia, p.143.