corporate governance, where one doctrine (known as shareholder primacy) says that the primary aim of corporations is to act in the best interests of the shareholders, while the other doctrine (also known as pluralist approach) states that those corporations should be socially responsible in maximizing their profits. So, again, the primary aim of the ESV is to maximize the profit by acting in the favour of shareholders and taking into consideration
and discuss matters like their role in leadership in the nation and good governance. More young people are likely to be influenced positively as their fellow youth act as ambassadors of good governance. They should publish articles against corruption to the media encouraging others and thereby building the concept of social hate towards the corrupted people in society. Innovative anti-corruption campaigns such as thematic essay competitions targeting the youth at different levels on corruption would
According to venerated Indian President Pratibha Devisingh Patil, developed and developing countries “… need strong institutions and good governance [to protect its citizens and fuel a successful nation state]” (Singh 10). As a concept, “good governance” has weaved itself into the common vernacular of society development. Although it remains vague in its definition, “good governance” has proved to be essential in the prosperity of a country. In various definitions the concept can veritably be condensed to
place around us without even knowing it. In this essay I will examine the impact of a corrupt leader, the impact of corruption on ordinary citizens and ways to prevent corruption from happening. There are three types of corruption, one of them being grand. “Grand corruption consists of acts committed at a high level of government that distort policies or the central functioning of the state, enabling leaders to benefit at the expense of the public good.”(TI) There is also petty corruption. Petty corruption
Introduction The idea of governance is not new. The exact meaning of governance that is being spoken about hinges on the level of governance, the goals to be accomplished and the approach being followed. According to the World Bank’s 1989 report, "Good governance is epitomized by predictable, open and enlightened policy-making, a bureaucracy imbued with a professional ethos acting in furtherance of the public good, the rule of law, transparent processes, and a strong civil society participating in
The purpose of this essay is to reinforce the idea that businesses are increasingly internationalising and to present as well as contrast different approaches or theories. More specifically the objectives are to introduce Transaction Cost Theory and enumerate several critiques brought to it, to review Hymer's work within the field, to analyze the Uppsala Model and ultimately to compare the economic approach represented by Transaction Cost Theory and the cultural approach represented by Uppsala Model
The idea of decolonisation of a country is a result of the precipitation of violence and oppression that are woven through the history of that country’s colonisation. It introduces in the people the notions of repair and hope after their years of being subjugated by those who considered themselves racially superior to them. Frantz Fanon, a Martinique-born philosopher, explores the context of the power structure that exists in a colonised society both during and after the colonialist is physically
James Madison and Plato each had different views on society and how to govern. In each of their respective philosophies the issue of human nature and power in relation to governance arose. Plato, which one could say had a very pessimistic view of human nature, did not believe that democracy was the wisest form of government because humans were naturally flawed and the average person was not intelligent or informed enough to choose the best leader. According to Plato, power was not only an issue,
Paul Jackson Pollock, the Iconic Mural Artist 1912-1956 Paul Jackson Pollock is an American 20th Century artist that championed mural paintings. His artwork is a semblance of abstract expression. Pollock becomes famous for his unique type like drip painting. It was Pollock’s time that abstract expressionism, modern art, action painting and expressionism (see picture 1). Pollock was born in Wyoming, USA in 1912. He was the youngest of the five siblings. Jackson was born to parents of
According to Gay &Simnett (2004), an audit is a systematic process of objectivity obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondences between those assertions and established criteria and communicating the result to interested users. Assertions are divided into six different categories. The existence of assets and liabilities at a given date, whether they actually exist and whether the transactions recorded are present