The Part of Leading Individuals Towards Achieving a Predetermined Common Goal in Organizations Free Essay Example, 2500 words

The essence of equal opportunities legislation takes its roots from the discussion on cultural diversity. These bring about the success domains for the people who are working under the aegis of an organization. The ramifications of the issue of diversifying work and making people accustomed to management tactics only helps the corporate ladder as much as the employees, specialists and top management themselves. Thus a clear understanding has to be the guiding force to tell one and all in this situation as to the rationale behind doing the same. The end result is achieving success for the company or the enterprise that they all strive to be a part of and not to forget their individual growth that will take them up the ladder of expansion and development over the years (Tyler, 2009). However, on the flip side of the coin, falling short of this diversification within the organization can have poor employee morals as well as a work ethic that does not support progress within the company nor amongst the personnel present in different departments of the business and at the end of the day, everyone is on the losing end with no winners to take the center stage. We will write a custom essay sample on The Part of Leading Individuals Towards Achieving a Predetermined Common Goal in Organizations or any topic specifically for you Only $17.96 $11.86/pageorder now Therefore, cultural diversity in work and its related fields is the order of the day and must be supported by managers, top management and people who are in a position to bring about a change in the hierarchy of the business enterprise and its related departments. The role of a diverse workforce within an organization is one of an image building one as well, as it tells the people at large that the organization is forward-looking and is based on a progressive path. Conflict in a workplace is something that needs to be understood properly. The managers work solely for the different functions within the various departments and it is up to these people as to how they execute their undertakings and measures on a regular basis.

Emotional Intelligence And Organizational Leadership

Emotional Intelligence and Organizational Leadership Various authors have been debating the issue of emotional intelligence and organizational leadership. However, the existing discourse on the matter has been hampered in terms of limited theoretical applications. Moreover, many analysts have failed to propose effective relationships among constructs, thus failing to offer any meaningful relationship between emotional intelligence and organizational leadership. Nevertheless, many authors offer a candid evaluation of the issue in terms of discussing empirical data although few of them create a relationship between organizational leadership and emotional intelligence. By considering the work of Dabke (2014) for instance, the author is†¦show more content†¦This assertion makes his studies inconsistent. By recommending further study in the analysis of emotional intelligence, the author contracts his empirical result. The results indicated that participants believe that organizational leaders can use emotional intelligence for recruiting staff. Lack of theories in this work also makes it deficient. Al Noor’s work gives a detailed discussion of leadership styles in relationship to emotional intelligence. The author decided to consider gender differences in the way leaders manage their organizations. By discussing transactional and leadership styles about emotional intelligence, this work can illustrate how female leaders score higher when it comes to emotional mentoring (Noor, 2011). The author’s work gives a more meaningful discussion of the relationship between emotional intelligence and organizational leadership. Moreover, he presents a better theoretical basis for his ideas. He uses contingency theory as well as situational ethics in his analysis. The author is quite consistent in his analysis and avoids overdependence on empirical data even as he forms his opinion on the issue. Most of the works in this analysis focused on discussing research findings. The decision of the author to combine empirical research and scholarly review distinguishes his work from others that discuss the relationship between emotional intelligence and organizational leadership. The discussion of Zheng, et al. (2015) is broad-based

Risks associated with Engineering Activities-Myassignmenthelp.com

Question: Examine key Issues which have a Significant Impact on Risks associated with Engineering activities including Safety and Environmental Management Systems. Answer: Introduction Risks refer to the loss and unfavorable outcomes that are associated with an action. The loss in the preferred results and outcomes of project in a business organization can be maintained by risk management. This report deals with a case study of an explosion in Tianjin port, China. This report focuses on risks involved in the Explosion in Tianjin port, China. This report has helped in risk assessment process in the given case study. This report deals with providing proposal for mitigating the risks sin the scenario. This report outlines analysis of the identified risks in the case scenario. The risks assessment process has been provided in the report. The different communication plans are discussed in the report that helps in mitigating the risks involved in the business. Key issues which have a significant impact on risks associated with engineering activities including safety and environmental management systems Risk management deals with identification and prioritizing of risks involved in the business organization or any place. The application of economic resources is considered for attaining various risks and minimizing the threats (Shedden et al., 2016). In this case, the risks management process is an important tool for mitigating the risks and analyzing the risks involved in the explosion in Tianjin Port, China. This technique helps in maintaining the control over the disastrous incidents. The identification of the risks in the business organization is important for the analyzing risks. There are various categories of engineering risks: Human Resource The availability of the team members and project staffs became less that causes crisis in the human resources. The use of the human resources helps in maintaining a proper structural overview of the company in the market (Suter II, 2016). The production of company is very dependent on human resources. The project is completed by employees and staffs of the company. The employee engagement in company plays a vital role in the development of company. However, there is a risk involved in case employee satisfaction is poor in this company. Engineering Various tasks are planned and prepared by the concerned engineers. This helps in getting a clear understanding about the blueprint of the project. The engineers help maintaining the project in a correct manner (Li, 2014). However, there are risks involved in the engineering activities. The major risk is human error. Maximum tasks and calculation are done by engineers that might night cause errors in the calculation. This might result in huge damage to the project. Therefore, the engineering service also contains risks in them. Technical The technical risks involve poor performance by the experts involved in the project. The technical knowledge is only acknowledged by the technician. Therefore, absence of technical expert might cause major impact on the project (Schwing Albers, 2013). The main agenda of the expert is to solve the technical issues in the project. Therefore, these create risks in the absence of an expert. Political There are various political pressures on any project outgoing in an area. The political parties of area have to be in support for smooth running of project. The political and legal measures of the government have to be followed on the project (Thakor, 2016). Therefore, this creates a risk in the project completion. In this case, the Chinese government was not alert about the explosion in the port. The political parties are responsible to provide support to staffs of the company working in project. In this case, the Chinese government has helped in providing fund to the affected areas. In other words, process of risk identification includes techniques of brainstorming. The main objectives of the paper are to identify the risks in scenario (Boritz, Carnaghan Alencar, 2014). The solution of the risks is done by the risk assessment and applying various steps. The identification process includes strategies, goals and objectives of the study. Analyzing Risk The analysis of risks involved in a project deals with the level and depth of the risks involved in the organization. The analyzing process of the risks includes the risks framework that helps in identifying different risks involved in the project. There are various methods for identification of risks in the project including expert investigation method, checklist method and graphic method. In this case, of Tianjin explosion in China, authorities have claimed for murders of 50 individuals during the explosion (Haimes, 2015). The blast occurs in a modern zone containing lethal chemicals and gas that harms less than 700 individuals in the state. The Tianjin Administration of Work Safety organizes a meeting with the organization for taking care of risk materials in the state. As per the report of the government ecological examiners, the stock room was unsafe in the office. There was dangerous chemical substance sodium cyanide and compacted gaseous petrol the area that have caused risk i n engineering management. Once the controls have been distinguished, and their adequacy examined, an appraisal is made of the probability of the hazard happening furthermore, the result if the hazard were to happen (Covello Merkhoher, 2013). This creates an exact, though subjective, appraisal of the level of hazard or chance rating and helps in the following stage to decide if dangers are satisfactory or require facilitate treatment. Risk assessment as a decision making tool In given context, anti-chemical warfare troops were sent to site after the blast occurred in the Tianjin Port. These troops investigated and analyzed the area for finding the reasons of blast (Thakor, 2016). The Risk Assessment process is appropriate to an organized and efficient approach. Figure 1: Engineering risk management steps (Source: Viehmann, 2016, pp. 7) Initial situation without risk source Data and information related to risk and damage has been collected. It includes geographical, geometrical and topological information related to the scenario. Description of risk source The description of risk source includes distribution, geometry, mass, position and velocity. These factors help in analyzing the level of risk and mitigating risk in the area. The description of the source of the risk is important for analyzing the effect of the risk in the affected area. Risk Propagation and analysis The risk analysis includes potential dispersion, load distribution and impact of the enhanced mechanism work on the risks (Torabi, Giahi Sahebjamnia, 2016). The high and low levels of the risks have helped in propagating in the decision-making scenario in Tianjin Port, China. Risk communication Risk communication deals with the communication of risk with experts and third party. The risk comparable to risks involved in various attributes. Risk communication has been an important factor in making decisions in the organization (Mcube, Gerber Von Solms, 2016). This has helped in participating in risks assessment procedure in the scenario. Communication is the principle tool for developing the mitigating strategies in the risk prevailing area. Decision making tool Risk assessment can be used as a decision making tool in an organization. The evaluation of risks prevailing in the organization might help in obtaining a proper decision related to strategies for mitigating those issues. The use of the risks assessment in risk management process provides an empirical approach towards monitoring risks involved in case scenario. In the case of Tianjin Port, the risk involved in the blast has been identified and properly analyzed. Therefore, with the help of risk assessment process, various decision related to strategic planning of mitigating risks can be made. Communication plan Deliverable Info (What) Recipient (Who) Delivery method(How) Schedule (When) Responsible person Project Information Project team Sharepoint As needed Project manager Project Status Project planner Email By afternoon Project manager Agenda Project team Team meetings Monthly Project manager Timeline update Steering center Sharepoint As needed Project manager Project update Project Manager Email, Conference calls As needed Project manager Project risks Executive Sponsor Risk document As needed Project manager Table 1: Communication plan Clear Description of Process used to analyze strategic Issues The risk management plan manages all risks that are involved in the scenario. There are four basic division of the plan that are discussed below: Acknowledgement The project manager is responsible for acknowledging about risks in the area. The project manager helps in maintaining the record of the risks involved in the project (Gollenia, 2016). In the case if the explosion in Tianjin port, these risks were not properly analyzed in the area that have caused explosion. Controlling The controlling of the risks in perceiving performance activities for limiting the emergency in the course of action creating a chance of causing an accident (Sadgrove, 2016). The strategies to control the risks shave to be prepared at this stage. This helps in controlling the damage caused due to the risk in that area. Avoidance The strategies for mitigating the risks in the area are created in this stage. The strategies are used for maintaining and avoiding the risks in the area. A successful implementation of the strategies helps in avoiding accidents in the region due to specific risks. Transferring The transferring of risk with another area or by exchanging at extent minimizes the risks. This helps in mitigating risks using various strategies at particular activities in the scenario. These activities are considered to be undertaken by the execution design and risks examination procedure (Holick, 2017). Describing main factors that drive the risks in the area and causes destruction. These factors are analyzed during the risk assessment method that helps in controlling risks. The assessing of the risks maintains consistency of controlling the risks involved in the scenario. Risk management tools The entrepreneurial organization real joins speculation with chip away at offering opportunities to test hypotheses, models, and procedures learned in classroom. Understudies influence bona fide attractive procedures, to wear down other field exercises, and acquire passageway and comprehension from entrepreneurial business bunch pioneers (Meier et al., 2016). The organization noteworthy empowers chiefs in changing overall economy to see total endeavor and fathom forces that shape an affiliation's course, procedures, and targets for course of MBA. The course moreover empowers boss to hone singular expert' in supervising delegates. The engineers will apply key human science educates and examine systems to organization and expert issues in the all-inclusive community and private divisions. Building risk administration to some more prominent degree that tends to modify the venture system and thus fabricated methodologies against a plan of the described essentials, particulars and specific standards (Nachman et al., 2017). Organization models connected to system whose convenience and execution has been orchestrated by correspondence and interconnection. Risk management Plan Risk Management Plan courses of action should be set up to deliberately track and survey ampleness of danger response exercises against lilt up estimations. Designing activities contain their offer of dangers. A couple of techniques that can be used for checking and controlling dangers: Earned Value: This system takes a gander at estimation of work completed to date with estimation of work anticipated that would be performed by then in schedule. Program Metrics: Formal, periodic execution evaluations surveying whether the risk organization configuration is fulfilling its goals. Technical Performance Measurement (TPM): A way to deal with evaluates the specific execution of an undertaking and differentiates and the particulars required for wander accomplishment (Shao et al., 2016). Self-control is how much a job gives a delegate the mindfulness and has the flexibility to design the work as indicated by the prerequisite and thus choose how the function must be done. Bigger ranges of train at work can be useful to extend work satisfaction, and on occasion, motivation to play out the movement. In regular organization, just those laborers at bigger sums had self-administration. In any case, new legitimate structures, similar to the compliment affiliations, have just cut freedom at down levels (Aven, 2016). Besides, presently numerous organization make use gatherings of self-decision work. Freedom in the workplace can have points of interest for delegates, gatherings, managers, and the association largely. Controls and codes are nonspecific. They can just manage foreseen occasions, and cannot anticipate each conceivable circumstance. Architects should take a deliberate, yet difficult way to deal with potential dangers, regardless of whether directions apply. Special ists should: act as per implicit rules think about and conform to the law in nations where they are working or where their items will be utilized perceive and comprehend the goal behind principles and codes, and comprehend when their cutoff points are being drawn nearer consent to current pertinent legitimate prerequisites representing building hazard issues look for counsel where important where it is sensibly practicable, look for encourage changes, accordingly installing a culture of looking for persistent change be receptive and abstain from holing up behind controls Deficiencies in correspondence are available in about all disappointments in the administration of hazard. Discussing successfully with clients, customers, providers, subcontractors and partners is vital to guarantee that dangers and their suggestions are seen legitimately (Vojinovic et al., 2016). Inside an association, hazard administration ought to be conveyed as center esteem. Successful oversight and examination forms are essential shields in controlling dangers. They ought to challenge, and completed with freedom from those making the hazard or endeavoring to control it. The impression of hazard among the general population is affected by a scope of components, including passionate ones (Nachman et al., 2017). Engineers have an essential part in bringing issues to light and comprehension about the genuine levels of hazard and advantage, and counteracting mis-conception. The building calling perceives that hazard is inborn in the exercises embraced by its individuals. Proficient engineers and building technicians have a noteworthy part to play in constraining or disposing of hazard and there is an individual commitment on them to keep up and improve their ability in their general vicinity of hone. Hazard is available in all designing ventures because of vulnerability and natural perils. A few components of hazard might be evaluated, for instance the databases that archive segment disappointments. In any case, novel designing undertakings will regularly include a level of vulnerability where experience offers a fragmented guide (Holick, 2017). In all cases, there is a requirement for architects to work out educated judgment and administration keeping in mind the end goal to deal with the hazard, since exorbitant hazard avoidance will prompt innovative stagnation and deny society potential advantages. Society's view of hazard may vary from the engineer 's, and in this manner, engineers ought to take a stab at clearness when conveying about hazard, and impart in wording justifiable by non-experts. Conclusion It can be concluded that the engineering risks has been creating problems in the Tianjin Port causing to a massive explosion. The identification of the risks in the scenario has been provided in the report. A proper analysis of the identified risks has been provided in the report that helps in understanding the effect of the risks in the given scenario. Various steps have been taken to analyze the strategies for mitigating the risks in the scenario. The use of the mitigating strategies has helped in controlling and avoiding the risks in the area. The risk mitigating plans has been provided in the report that has helped in monitoring the risks prevailing in the Tianjin Port, China. References Aven, T. (2016). Risk assessment and risk management: Review of recent advances on their foundation.European Journal of Operational Research,253(1), 1-13. Boritz, J. E., Carnaghan, C., Alencar, P. S. (2014). Business modeling to improve auditor risk assessment: An investigation of alternative representations.Journal of Information Systems,28(2), 231-256. Covello, V. T., Merkhoher, M. W. (2013).Risk assessment methods: approaches for assessing health and environmental risks. Springer Science Business Media. Gollenia, L. A. (2016).Business transformation management methodology. Routledge. Haimes, Y. Y. (2015).Risk modeling, assessment, and management. John Wiley Sons. Holick, M. F. (2017). Skeletal Fragility, a Common Menopausal Burden: Risk Assessment, Diagnosis, and Management. InEssentials of Menopause Management(pp. 145-164). Springer International Publishing. Li, W. (2014).Risk assessment of power systems: models, methods, and applications. John Wiley Sons. Mcube, U., Gerber, M., Von Solms, R. (2016, May). Scenario-based IT risk assessment in local government. InIST-Africa Week Conference, 2016(pp. 1-9). IEEE. Meier, M. H., Hall, W., Caspi, A., Belsky, D. W., Cerd, M., Harrington, H., ... Moffitt, T. E. (2016). Which adolescents develop persistent substance dependence in adulthood? Using population-representative longitudinal data to inform universal risk assessment.Psychological medicine,46(4), 877-889. Nachman, K. E., Love, D. C., Baron, P. A., Nigra, A. E., Murko, M., Raber, G., ... Navas-Acien, A. (2017). Nitarsone, inorganic arsenic, and other arsenic species in turkey meat: exposure and risk assessment based on a 2014 US market basket sample.Environmental health perspectives,125(3), 363. Sadgrove, K. (2016).The complete guide to business risk management. Routledge. Schwing, R. C., Albers, W. A. (2013).Societal risk assessment: How safe is safe enough?. Springer. Shao, Z., Wang, Y., Chen, X., Zhang, Y., He, J., Wang, Z. (2016, September). A network risk assessment methodology for power communication business. InNetwork Infrastructure and Digital Content (IC-NIDC), 2016 IEEE International Conference on(pp. 40-43). IEEE. Shedden, P., Ahmad, A., Smith, W., Tscherning, H., Scheepers, R. (2016). Asset Identification in Information Security Risk Assessment: A Business Practice Approach.CAIS,39, 15. Suter II, G. W. (2016).Ecological risk assessment. CRC press. Thakor, A. V. (2016). The highs and the lows: a theory of credit risk assessment and pricing through the business cycle.Journal of Financial Intermediation,25, 1-29. Thakor, A. V. (2016). The highs and the lows: a theory of credit risk assessment and pricing through the business cycle.Journal of Financial Intermediation,25, 1-29. Torabi, S. A., Giahi, R., Sahebjamnia, N. (2016). An enhanced risk assessment framework for business continuity management systems.Safety science,89, 201-218. Viehmann, J. (2016, October). Business Driven ICT Risk Management in the Banking Domain with RACOMAT. InInternational Workshop on Risk Assessment and Risk-driven Testing(pp. 3-10). Springer, Cham. Vojinovic, Z., Hammond, M., Golub, D., Hirunsalee, S., Weesakul, S., Meesuk, V., ... Abbott, M. (2016). Holistic approach to flood risk assessment in areas with cultural heritage: a practical application in Ayutthaya, Thailand.Natural Hazards,81(1), 589-616.

When I have fears that I may cease to be Essay Example For Students

When I have fears that I may cease to be Essay When I have fears that I may cease to be is an Elizabethan sonnet written by John Keats. The poem, written in the first person, charts the desires and despairs of the speaker. The speaker, realising his imminent death, regrets his inability to achieve fame and his incapability of living life to the fullest. The poem expresses Keatss melancholic nature, his fears and is reflective of the turmoil in his life at that time. The first quatrain is an expression of the speakers regretfulness. Although he has a teeming brain abound with vivid imagery and vibrant ideas, he fears he will cease to be or die before he can recount them. The speaker believes his imagination could fill high-piled books, in character or a large number of books. Keatss diction translates the imagery of harvest; this is achieved through the usage of words associated with farming, garners, grains, gleaned. The harvest imagery acts as a metaphor, the speakers imagination is the field of grain and the speaker is the harvester. Essentially, the speaker fears he will be the unsuccessful famer who failed to glean his land. We will write a custom essay on When I have fears that I may cease to be specifically for you for only $16.38 $13.9/page Order now In the second quatrain, lines (5-8), the theme of regretfulness is continued. Through usage of imagery and personification, Keats translates a lifelike picture of the speaker awed by the nights starred face. The speaker draws inspiration from nature to craft his poetry; it is his magic hand that traces the shadows of the clouds. Through his poetic ability, the speaker believes he emphasizes the beauty of nature and gives it meaning. In the third quatrain, the speaker addresses love (described as fair creature of the hour). In order to emphasize the brevity of beauty, the fair creature is referred to as creature the hour hinting to the idea that the creature achieves its beauty for a brief period of one hour. The speaker fears he will not relish in the faery power of unreflecting love, he will never experience true love. Although his desire for success is strong, his desire for love is more intense and immediate. Ultimately, it is him ceasing to be which will prevent him from gazing upon thee more or experiencing true love. In the final lines of the poem, the speaker stands on the shore of the wide worldalone, it is while standing on the threshold of the world that he is struck by an epiphany: to love and fame nothingness do sink. The shore, which the speaker stands on, acts as a metaphor: the tiny grains of sand represent the speaker and the beach the entire world. The comparison of the grain of sand to the beach allows the speaker to realize his insignificance in the whole wide world. The speaker concludes that his quest for fame and fortune are irrelevant in the grand scheme of the life.

Issues in Auditing and Professional Practice free essay sample

We all consider different risks are less offensive than others and some are willing to take chances others would not even contemplate. Is this a question of morality or being smart? Is smartness driven by greed or is it a matter of testing one’s ability to soar and succeed and seeing how much they can get away with without being caught? I would argue that it has to be driven by some form of self gain or the motivation would be lost. Certainly this was the case in the Enron scandal. Ethics would say that as long as no harm is done to others then it is fine. Law would look further to see if the â€Å"intention† behind an action is to deceive even if no harm was done up until that point. Therefore, the law is there to curb the â€Å"temptation† for doing things that could possibly cause harm to others. We will write a custom essay sample on Issues in Auditing and Professional Practice or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Most laws are reactive rather than proactive as they are only established when there’s a breakdown in a presumed ethic or social responsibility. Section 404 of the Sarbanes-Oxley Act 2002 is a section that helps detect and prevent fraud from happening; however it has taken several major company collapses and losses to thousands of investors for this law to eventuate. This section is not an end to all fraud however as it has been recognised that â€Å"governments cannot legislated against corporate collapses or for corporate integrity† as the former ASIC chairman David Knott said in the article published by The Australian Financial Review on July 18th 2002. As efficient as section 404 may now appear to be, it would be ineffective if the methodologies change. For example, the introductions of CDOs and their complexities appeared reasonable at first. It wasn’t until all the flow-on effects of years of subprime lending that the effect of such dealings showed its flaws. As the status quo changed and accounting rules changed to fair value accounting the basis of the structure upon which the idea of CDOs was built on changed resulting in endless consequences. The â€Å"intentions† of such schemes as the world came to know was greed – a trait that does not sit well with ethics. Now the world is paying the price. Is this judgement day for the world to stand up and say â€Å"no† to greed and â€Å"yes† to ethics? Is this an outcry for more regulation or for ethics? Alas, we have short memories and as we know, unless there’s a policeman behind us we will break the rules. This is why the need for Audit Committees and independent Non-Executive Directors has appeared in the financial world. The opportunist in us prevents us from being totally ethical beings as unfortunate as it may be. We are all ethical when conditions are favourable to us, only a few people stay morally tuned when going through tough times and those are the people who have stuck to their beliefs, whether those beliefs are moral or economic beliefs. I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well†. Alan Greenspan (American economist and former chairman of the Federal Reserve of the United States from 1987 to 2006). Question 1: (Chapter 10 â€Å"Australian Wheat Board†, p135 Question 4) Discuss the lessons to be learnt from the AWB s candal. The Australian Wheat Board (AWB) case illustrates how, despite the introduction of laws such as CLERP 9 (2004) to combat corporate fraud, there still exist opportunities for fraud to occur and executives who take those chances. There are lessons to be learned from this case relating to the culture in which management operated, and the importance of risk management and internal controls. The timeline shown in Appendix 1 lists the chronology of events concerning and surrounding the AWB since the first Gulf war in Iraq in 1990 through to its exposure in 2006. This provides the key background details about the case. The consequences of the AWB fraud have been vast. According to Commissioner Terence Cole who headed the inquiry to determine if the â€Å"AWB or its officers broke any Australian Laws† reported the following consequences: (Johnson R. 2007, p126-127) -The AWB lost its reputation -Shareholders lost half the value of their investment through a decline in share prices during 2006 placing the company in a vulnerable state to a takeover -Trade with Iraq worth over AUD$500 million has been forfeited -Many senior executives have resigned Some companies will not deal with the AWB -Some wheat farmers are unwilling to trade with AWB in Australia and overseas -Australia’s reputation in international trade has been tarnished -The Iraqi Grains Board suspended purchases of wheat from the AWB, Iraq being one of AWB’s top three export markets -The AWB lost its right to veto any application by competitors to export bulk whea t supplies From a legal point of view Professor Ramsay, a corporate law professor at the University of Melbourne, stated that the directors, including non-executive directors in the audit and risk committees breached their duty of care under Section 180 of the Corporations Act (Refer Appendix 2) which requires company officers to act with â€Å"care and diligence†. Section 181 also requires that these duties be discharged in â€Å"good faith and for a proper purpose†. In the 2003, 2004 and 2005 Annual Report of the AWB it is stated that one of the audit committee’s roles is â€Å"to monitor policies and procedures to ensure compliance with statutory and legal, financial and corporate governance responsibilities†. It would appear that the audit committee in this case did not perform its corporate governance responsibilities very well particularly when directors with certain skills and industry knowledge should have known or ought to have known certain facts, in this case that the trucking fees were not genuine and were likely to be contraventions of the United Nations sanctions on Trade with Iraq.

The Power Above essays

The Power Above essays In the constant search for more efficient sources of energy, solar power surely shows much promise. The sun will last longer than any humans will, therefore this is one of the only renewable natural resources of energy that has been found. Solar cells, or photovoltaics, convert light energy into electrical energy. Although most of the energy is not converted to electricity, they run at a low enough cost that there mechanical efficiency basically becomes irrelevant. Photovoltaics offer some of the best opportunities currently available in the energy production field, at least weather-permitting. The remarkably high reliability of photovoltaic cells helps to keep them a viable option for alternative energy sources, if not the most viable. These cells originally were created for outer space, where repair of equipment is extremely costly, if even possible at all. Photovoltaics can operate though for years at a time with little or no maintenance whatsoever. In fact, solar cells remain the most often used power source in satellites for that very reason. Of course, the best part about sunlight is something every American, and probably every person in the world, likes very much. Sunlight is free, and as far as the world is concerned, unlimited! Due to the low maintenance and lack of moving parts on the photovoltaics, they are ideal for places where maintenance is costly or just not feasible for any reason. Therefore, solar power comes at a nominal cost to the consumer and to businesses. With global warming on the rise, the environment has become a major concern of not only America, but of nearly every country in the world. Fossil fuel emissions have damaged the atmosphere for decades, creating this greenhouse effect. Nuclear power presents the constant threat of nuclear meltdown. Surely few advanced countries would be willing to put all their power resources into another Chernobyl incident. ...

Microeconomics Essay Example | Topics and Well Written Essays - 1000 words - 4

Microeconomics - Essay Example The worst thing about monopoly is that the seller gets market command by which he may exploit the customers either by charging high rate or sacrificing product quality. Though, monopoly is not a good thing in the market, it cannot be avoided from the market. Suppose, when the seller has a monopoly over certain resources which are used for producing a particular item such as oil, minerals etc. Sometimes, when a seller is equipped with a unique skill, which others in the same industry lack. In certain occasions, monopoly is legally attained for the patent or copy right for a product/service. Government also allows certain organisation to have sole power over certain product/service by legislation. One such organisation is what this paper is going to discuss about. Indian Railway comes under the department of Indian Government, which came into being in1853. It is the world’s second largest rail network. All the rail operations are managed by the state-owned Indian Railways, which fall under the jurisdiction of Ministry of Railways. Rail transport is one of the common modes of the transport for large population of the country. Its network spreads across 28 states and 3 union territories with limited services to places like Nepal, Bangladesh and Pakistan. (Indian Railways, para. 4) It is the second largest commercial employer in the world and has more than 1.54 million employees and runs as many as 11,000 trains daily. (Official web site of Indian Railway). It has been assisting the growth of Indian economy directly and indirectly since its inception. During the many ups and downs of the country’s economy in the past, railway has been an integrating force to stabilize the economy and maintain economic growth of the country. Indian Railway is not a private corporate body. It operates under the Railway Department of Ministry of Railways of Government of India. But, in the recent times it is striving to attain the professionalism in