Examine the Importance of Corporate Governance on Bank Risk Management Essay

Examine the Importance of Corporate Governance on Bank Risk Management - Essay Example It is also a process to maintain proper supervision over the functions of the employees, thereby controlling the flow of information inside the hierarchy. Thus, corporate governance is mainly utilised by various organisations in order to endorse corporate equality, transparency and responsibility among the members, which helps to enhance their motivation and morale, thereby improving the efficiency of an organisation. Moreover, it also ensures that proper management information is transmitted among the employees in order to maintain uniformity and justice in the organisation. This would be beneficial both for the organisation and the employees. Thus, with the help of corporate governance, proper control mechanisms can be ensured in order to maintain the business operations in a systematic and effective way. Hence, it can be depicted that the framework of corporate governance is also utilised for retaining an appropriate balance among the members of an organisation (International Fina nce Corporation, 2010). ... It can be observed that the penetration of corporate governance increased by a considerable extent in this recent era in order to condense the corporate scandals occurring in global markets (The Economist Intelligence Unit Limited, 2002). The paper mainly describes the importance and the benefits of corporate governance in organisations. Along with this, it also highlights the significant impact of corporate governance in managing the risks associated with banks. Importance of Corporate Governance on Bank Risk Management Corporate governance is the system by which business conglomerates are directed and managed in order to attain business objectives. Moreover, in modern times, corporate governance is implemented in most of the organisations as a strategic policy in order to handle the threats in a challenging way. The prime objective behind this approach is to eradicate financial and other risks. Corporate governance is unswervingly related with risk management of any financial organ isation, thereby acting as an umbrella to protect its perspectives (Colley, 2003). Risk management in financial institutions is most common as compared to other sectors. This is due to the fact that it mainly deals with fiscal instruments, thereby controlling both market and credit risks in a tactful way. It is so because financial risk can lead to economic downturn along with recession in the whole economy (The Economist Intelligence Unit Limited, 2002). Hence, corporate governance is extremely important in banks as it would enhance public faith and confidence, which is very essential for their efficient running. Thus, poor corporate governance in banks may lead to operations failure, which might cause considerable

Alternative Fashion Research Paper Example | Topics and Well Written Essays - 2250 words

Alternative Fashion - Research Paper Example A person who spots alternative fashion styles usually does so, to stick or conform to the subculture that has a unique way of conducting itself outside the mainstream lifestyles. Subcultures, in this case, refer to cultures that consume a majority of a person’s time and are different from predefined social norms. This way, alternative lifestyles are used to show conformity and a sense of identity with the group that one belongs to and its significance. For example, nudism as an alternative lifestyle advocate for people to stay naked or expose their bodies in any manner that makes them feel comfortable. In this case, the alternative fashion is that which helps them identify and portray the values that their lifestyle stands for. However, on alternative lifestyles, people are sometimes classified according to various stereotypes found in the society and not according to their lifestyle. For example, for people who like to live a gothic lifestyle from the dark ages, are usually labeled as Satanists despite having no affiliations with such groups or practices (English Republic). Since this is just but a stereotype, the real value of their lives lies in their outlook of the world around them. In this case, their outlook on life is usually dark, and their thought focus is usually on death. The need to sport alternative fashion in the form of torturous materials and disturbing images adorned on their clothes comes from this outlook. Moreover, on lifestyle, alternative fashions are adorned by members of certain groups and stick to them as their identifying factor in the lives they lead. The groups do not necessarily have written codes but an understanding of how they behave and conduct their activities is known. This is in people such as hippies who are known to be friendly, open-minded and tend to love everyone they meet.

The advantages of online shopping Essay Example | Topics and Well Written Essays - 500 words

The advantages of online shopping - Essay Example With the growth of online shopping, emerge several market footprint coverage opportunities for stores that can cater for offshore demand and services requirements appropriately. That point illustrates one of the benefits of online shopping that is; it saves time. With online shopping the buyer doesn’t need to physically go to the store to buy the product. He simply loggin or go to the website of the company whose product/service he wishes to buy, make an order, pay and the service will be acquired or delivered in case of a product. This saves time that the buyer might have used to go to the store. Another advantage of online shopping is that it very convenient. That is, who does not want to go to the store, make that long queue before being served? Most consumers prefer buying at their convenient time and place. In fact, many consumers would rather pay more but get a convenient service provided the service meets their demands. Online shopping is a global concept that is taking over the contemporary business environment. Online retailing corporations such as Amazon.com, Alibaba, eBay and many more are clear demonstrations of how online shopping is taking over the global business environment. Most consumers prefer online shopping to physical shopping because it gives them the opportunity to access varied varieties of products. At his convenient time or schedule, a consumer is able to access various sites that have the product he is looking for, compare prices and quality, comparing terms and conditions before making the decision on which one to buy. In fact most online stores emphasizes on convenience. It is only online shopping that gives the consumer the advantage of comparison shopping with just a click on the internet. Online shopping is comparatively cheap. That is, instead of fuelling his/her car or taking a walk to the store, a consumer simply needs some internet bundles to access the product he/she is looking.

Achievement Motive Essay Example | Topics and Well Written Essays - 2000 words

Achievement Motive - Essay Example With the specific focus on whether or not knowledge of achievement motive would be of any value to expatriate managers in Madruga’s Singapore subsidiary, the report will argue that even though it is of value, the said value can only be realized if pre-existing achievement motive knowledge is adjusting to correspond with the culture in question. Worker motivation can be either internal, brought about by the personal interactions with his own set of beliefs about what will satisfy his needs, or external, brought about by interactions with one's environment. Motivation can result from something as complex and volatile as how a person's attitudes were formed in the womb and in the crib, to how a supervisor uses language and the meanings of words in describing tasks and providing feedback (Sullivan, 1988). In reality, it appears that the dynamics that move a worker toward particular activities come from a constant interaction between both internal stimuli and external stimuli. Concurring, Vroom (1964) indicates that managers must understand the principles of motivation, and, in fact, must create the right kind of motivational environment, in order to ensure that employee activities result in preferred organizational outcomes. This fits very well with Maslow's suggestion (1954) that in order to determine human needs and identity, it is necessary to set up special conditions that foster expression of these needs and capacities. Issac, Zerbe, and Pitt (2001) agree, suggesting that organizational leaders must determine their follower's interests, aspirations, and goals of both a short and long-term nature and creativity frame the organizational vision in such a way that the follower perceives congruency between personal and organizational ends. Gellerman (1963) goes so far as to describe managements "great task" as shaping the environment into a stimulus instead of a suppressor.  

Reflective Teaching in Teaching and Learning or Chilldren's Literature Research Proposal

Reflective Teaching in Teaching and Learning or Chilldren's Literature in Victorian Period for Teaching in Singapore - Research Proposal Example Overtime, other philosophers have become instrumental in developing the theory of reflective practice and among those notable are John Dewey (1933) and David Schon (1983). Dewey, much influenced by the Progressive Era of his time, employs the scientific process of generating and testing hypothesis as vital components to reflective thinking. Half a century later, David Schon revolutionised the concept of reflective practice emphasising the importance of context and experiential knowledge for continuous improvement. The integration of ideas from these two theorists is evident in current reflective practice literature. Reflective practice is borne out of the basic premise that changes in an organization starts within each individual. It is regarded as a â€Å"meaningful and effective professional development strategy† (Osterman and Kottkamp, 2004, p. 1). Although the goal remains synonymous (the development of individual competencies leading to improved organizational performance), reflective practice offers an alternative approach to traditional professional development approaches. The emergence of reflective practice in the educational setting, as discussed by Osterman and Kottkamp (2004), was a response to the failure of educational reforms to effectively address the need of academically and socially preparing students to meet the challenges of a rapidly changing world. Educators on a daily basis â€Å"routinely juggle multiple tasks, process information on many levels, manage a continual stream of interruptions, and make on-the-spot decisions to meet the changing needs and demands in the teaching environment† (York-Barr et al., 2006, p. 2). Though teachers are guided by their knowledge, a significant margin of uncertainty accompanies their practice as a result of unpredictable circumstances that require spontaneous responses. The reflective practice

Monkey in the Mirror Essays Essay Example | Topics and Well Written Essays - 500 words

Monkey in the Mirror Essays - Essay Example But there are several things that mark us as being different from many of these other animals. Some of them are purely physical – for instance we have bipedal motion that is absent in the rest of apes (Tattersall, 2002 p. 89). But we also have many metaphysical qualities that mark us as different from our ancestors, such as the creation of music, art and culture. There is no one single thing that can truly account for all the ways in which we are different, but there are a few pieces that had to come together. One of which is our brain, which is by far the largest brain compared to body mass of any animal in the history of the world (Tattersall, 2002, p. 151). This probably had to develop in conjunction with a lot of other developments to be useful – for instance, larger brains would not have been useful if we were not already prehensile apes who were adapted to living in trees, and could thus use our prehensile hands to create and use tools (Tattersall, 2002 p. 69). Bu t probably one of the single things that sets humans apart from other animals the most is the development of speech. A change in our voice box and brain simultaneously occurred at some point in the evolution of homo sapiens, which allowed humans to differentiate themselves from previous iterations of humanity (or pre-humanity), and begin to do things that are truly novel in the animal kingdom Tattersall, 2002). One of the things that makes language so important is that it augments our innate intelligence, so that instead of things that become created instantly dying out when the person who created them dies, they can pass on the teaching to succeeding generations. This creates culture, which is probably the one biggest things that separates humans from other primates and other animals. If Gould and Tattersall were to have a conversation with each other, they would probably come to cross roads. Gould tended to entirely

Jones v Kernott [2011] UKSC 53 has been Described as a Truly Essay

Jones v Kernott [2011] UKSC 53 has been Described as a Truly Ground-breaking Case in Relation to Cohabitant Purchaser - Essay Example The landmark ruling by Supreme Court laid down paradigms applicable to home ownership by unmarried cohabitant couples. Discussion Facts and Decisions of the Case Leonard Kernott and Patricia Jones started cohabiting in 1983 and had two children. They purchased a family home in joint names at 39 Badger Hall Avenue for ? 30,000 in 1984. The couple lived in this home for around eleven years (Pawlowski 2012). Upon separation of the two in October 1993, Kernott deserted their family home, while the claimant stayed with children in the house. Jones did not apply for Child Support Agency. Kernott quit making mortgage contribution for the property and demonstrated little commitment towards maintaining their two children. Their joint effort in selling the property for ? 70,000 in October 1995 was unsuccessful. The parties, however, cashed in on mutually owned insurance policy, of which the proceeds were shared equally. Kernott used his share to mortgage a house at 114 Stanley Road in Essex fo r around ? 57,000. Jones used her share to perform cosmetic surgery. Kernott invoked correspondence in order to claim his share of property at 39 Badger Hall Avenue. In 2007, Jones filed lawsuit against Kernott’s claim for joint share of the property (Mee 2012). Jones claimed that Kernott’s purchase of property at 114 Stanley Road was an indication of change in his intention for joint tenancy over the house. Ms. Jones sought quantification of their respective property interests. The claimant sought greater share of the property. The court ruling by Judge Dedman was that Jones merited 90 % of property ownership. Nicholas Strauss QC, a deputy judge of the High Court, approved the decision on appeal by the defendant (Pawlowski 2012). Further appeal by Kernott led to overturning of the Strauss’s decision on majority voting by the Court of Appeal. The decision was that the parties were entitled to equal share of property at 39 Badger Hall Avenue. This was based on fi nding that the intention of the parties was unchanged. Jones had filed an appeal to Supreme Court, which led to restoration of Strauss’s decision (Yip 2012; Mee 2012). The lordship of the Supreme Court gave mixed opinion as to whether property evaluations were to be approached from inference perspective or imputation of intentions of the parties. The ruling by Supreme Court Judges, Lord Walker and Lady Hale, was based on the premise that the parties had formed mutual purpose for beneficial ownership of the property. The decision was based on the premise that Kernott’s purchase of new home for himself was a demonstration of his change of plan. The logical inference was that Kernott’s lack of commitment for paying mortgage for the property at Badger Hall Avenue was manifested at his purchase of another home. Just like Jone’s would have exclusive benefit of capital gain in her home at Badger Hall Avenue, so would Kernott’s have exclusive benefit of ca pital gain at Stanley Road (Mee 2012). Nevertheless, Lords Kerr and Wilson felt that the parties’ intentions should be imputed to ownership of 90:10. Lord Collins stance was unclear concerning imputation and inference of intention (Yip 2012). Lord Wilson argued that it was logical inference that the parties shared intention with regard to secondary issue of quantification. Wilson preferred to approach the matter from