Wednesday, October 2, 2019

Disabled Clients Are Fellow Citizens? Essay -- essays research papers

Disabled clients are fellow citizens? Developments in the Disabled Peoples Movement have brought disability to the fore as a civil rights issue in Britain. Growing numbers of politically active disabled people have generated an awareness of how their rights as citizens are denied by discrimination and oppression. Out of this has emerged the concept of `independent living'. A philosophy encompassing the full range of human and civil rights necessary for disabled people to be equal members of society. Underpinning this are four key beliefs: that all human life is of value; that anyone, whatever their impairment, is capable of exerting choices; that people who are disabled by society's reaction to physical, intellectual and sensory impairment and to emotional distress have the right to exert control over their lives; that disabled people have the right to participate fully in society (Morris, 1993:21) The focus of this essay is the potential conflict between this philosophy and the policies and practices of social work. In particular, contrasting interpretations of the client/social work relationship will be examined with regard to their capacity to foster these ideals. There is ample evidence that disabled people are poorly housed, less well educated and generally receive less in the way of life-enhancing opportunities when compared to their non-impaired peers (Finklestein (1991). For example, they are four times as likely as non-impaired people to be unemployed, while those who do work receive wages on average 20% lower (RADAR, 1994). Most disabled people, therefore, rely on benefits. Furthermore, those benefits fail to allow for the extra expenses incurred as a result of disability (Cohen, 1996; Thompson, 1996). Thus it is poverty and poor quality of life resulting from discrimination which creates the need for social work intervention. Becoming a client, Davies (1981) suggests, is seen as a `sign of having given up' and as `a mark not only of failure but of shame' (p. 35). This not only further marginalises disabled people from mainstream society, i.e. separates those who are "clients" from those who are not. It also, according to Barton (1993), maintains a.. Cul... ...nd peach, H (eds) (1989):"Disablement in The Community"; Oxford University, Oxford. Payne, M (1991):"Modern Social Work Theory: A Critical Introduction"; Macmillan, London. Smalley, R (1970):"The Functional Approach To Casework Practice"; in Roberts, R., and Nee, R (eds) (1970):"Theories of Social Casework"; University of Chicago Press, London. Thompson, N (1993):"Anti-Discriminatory Practice"; Macmillan, London. Journals. Barton, L (1993):"The Struggle For Citizenship:The Case of Disabled People"; in Disability, Handicap and Society, Vol. 8(3), p 235-248. Cohen, R (1996):"The Poverty Trap"; in Community Care, p 26-27, 1-7 August. George, M (1996):"Figure it Out"; in Community Care, pullout feature, August 1-7. Morris, J (1996):"Where to Now?"; in Community Care, p 25, Sept 26-Oct 2. Oliver, M (1989a) Book Review of Hunter (1988) in Disability, Handicap and Society, Vol. 4(1). Royal Association for Disability and Rehabilitation (1994):"Unemployment" in Donellan, C (ed) (1994). Thompson, A (1996):"The Fight For Rights"; in Community Care, P 14-15, 18-24 July.

Tuesday, October 1, 2019

Machiavellianism :: essays research papers

After months of routinely being metal detected and blindly handing over my bags to be searched, I finally stopped to think about it the other day. I realized that all the â€Å"security† cameras, metal detectors and guards were merely used to gain power over the people by oppressing them and forcing their submission; not to protect us. We are all blind to this. We think it’s for our own good, but it’s all part of a Machiavellianist Plot.   Ã‚  Ã‚  Ã‚  Ã‚  Niccolo Machiavelli lived in Italy in the early 1500’s. He thought that if one person, namely Lorenzo de’ Medici, could be the absolute ruler of all Italy, then order could be restored. In an effort to gain favor with the powerful Medice family, he wrote The Prince as an early blueprint of a New World Order justifying the use of any means, no matter how sinister, to gain and keep power. Machiavellianism envisages: the seizure, maintenance, and extension of absolute power by the nicely graduated use of fraud, force and terror; control by the ruler of all avenues of communication, thus facilitating the deliberate molding of public opinion; and the employment of surveillance and terrorist activities of subordinates who can be disowned and liquidated by the ruler, who thus escapes the blame for their atrocities. (In other words, the big political figureheads get their lackeys to do their dirty work and then use them as scapegoats.)   Ã‚  Ã‚  Ã‚  Ã‚  Basically, what Machiavelli was trying to say was that if a prince conquered a city, the people would hate him, but if the prince secretly hired terrorists to create an insurrection, then marched into the city to put down the insurrection, the people would praise him. (He would hire his men to act like they were rebelling, and then the leader would act like he was stopping the rebellion and protecting the citizens, thus earning the community’s trust.) Either way, he would increase his domain, but it would be better for his popularity if the citizens loved him rather than hated him for doing it.   Ã‚  Ã‚  Ã‚  Ã‚  I see the same things happening today with gun control, censorship and all the other so-called security the government has imposed upon us. These are not isolated incidents. This censorship has occurred throughout history, whether it was censorship of religion, freedom, books or individuality and self expression.   Ã‚  Ã‚  Ã‚  Ã‚  The first and most obvious is the case of Jesus and how he was oppressed and persecuted because he expressed his beliefs which didn’t agree with the political leaders of the day. These leaders did not want to be disputed or made to look bad, so if someone got in their way, they killed that

Consumer Protection Act

THE CONSUMER PROTECTION ACT, 1986 Though consumer is the purpose and most powerful motivating force of production, yet at the same time consumer is equally vulnerable segment of the whole marketing system. Attempts have been made to guard the interest of the consumer in a sporadic way till 1986, when Government of India enacted a comprehensive legislation-Consumer Protection Act, to safe guard the interest of the consumer than ever before.The Consumer Protection Act, 1986, applies to all goods and services, excluding goods for resale or for commercial purpose and services rendered free of charge and under a contract for personal service. The provisions of the Act are compensatory in nature. It covers public, private, joint and cooperative sectors. The Act enshrines the rights of the consumer such as right to safety, right to be informed, right to be heard, and right to choose, right to seek redressal and right to consumer education.Consumer:  A consumer is any person who buys any g oods for a consideration and user of such goods where the use is with the approval of buyer, any person who hires/avails of any service for a consideration and any beneficiary of such services, where such services are availed of with the approval of the person hiring the service. The consumer need not have made full payment. Goods:  Ã‚  Goods mean any movable property and also include shares, but do not include any auction able claims.Service:  Ã‚  Service of any description such as banking, insurance, transport, processing, housing construction, supply of electrical energy, entertainment, board or lodging. Nature of complaint: a)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Any unfair trade practice or restrictive trade practice adopted; by the trader   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  b) Defective goods b)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Deficiency in service c)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Excess price charged ;by the trader d)  Ã‚  Unlawful goods sale, which is hazardous to life and safety when used Consumer Courts:     A three-tier-system a)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  National Consumer Dispute Redressal Commission: claims above Rs. 0 lakh (a)  Ã‚  Ã‚  Consumer Dispute Redressal Commission or State Commission:  Claims from Rs 5 to 20 lakh. (a)  Ã‚  Ã‚  Ã‚  Consumer Dispute Redressal Forum or District Forum:  Claims upto Rs 5 Lakh Complaint:  A complaint, hand written or typed, can be filed by a consumer, a registered consumer organisation, central or state Government and one or more consumers, where there are numerous consumers having the same interest. No stamp or court fee is needed. The nature of complaint must be clearly mentioned as well as the relief sought by the consumer. It must be in quadruplicate in district forum or state commission.Else, additional copies are required to be filed. Grant of relief: (a)  Ã‚  Ã‚  Ã‚  Repair of defective goods (b)  Ã‚  Ã‚  Replacement of defective goods (c)  Ã‚  Ã‚  Ã‚  Refund of the price paid  for the defective goods or service (d)  Ã ‚  Ã‚  Removal of deficiency in service (e)  Ã‚  Ã‚  Ã‚  Refund of extra money charged (f)  Ã‚  Ã‚  Ã‚  Ã‚  Withdrawal of  goods hazardous to life and safety (g)  Ã‚  Ã‚  Ã‚  Compensation for the loss or injury suffered by the consumer due to negligence of the opposite party (h)  Ã‚  Ã‚  Ã‚  Adequate cost of filing and pursuing the complaint   Ã‚  Ã‚  Normally, complaints should be decided within 90 days from the date of notice issued to the opposite party.Where a sample of any goods is required to be tested, a complaint is required to be disposed of within 150 days; it may take more time due to practical problems. Consumer Protection Councils:  Councils have been setup in all states and at the center to promote and protect the rights and interest of consumers. These councils are advisory in nature and can play important role in recommending consumer oriented policies to the state and central Government.

Monday, September 30, 2019

The Relationship Between Corporations and the Environment

The relationship between corporations and the environment is a tumultuous one. Corporations have abused and violated the environment for generations. These actions have now become unacceptable in our present society. There is growing concern for our natural resources; the world's forests, waterways, and air are noticeably tainted. In the last twenty years, the U. S. has become more vigilant in recognizing and passing acts to attempt to regulate and purify our environment. Between 1938 and 1986, twelve acts regarding business and the environment have been passed. The Food and Drug Administration established the first act in 1938. The Federal Food, Drug and Cosmetic Act was passed to regulate food and drug additives. The Delaney Clause in 1958 added the prohibition of the sale of foods containing human or animal carcinogens to the original act. The Wilderness Act of 1964 outlawed the development of wilderness areas and gave new procedures for the appointment of new protected areas. In 1969, the National Environment Policy Act created a nation wide environmental policy and the Council on Environmental Quality. A year later, the first legislation passed for the Clean Air Act. It was relegislated in 1977 and again in 1990. This act established the Environmental Protection Agency (EPA) to control the enforcement of air quality standards. In 1972, both the Federal Insecticide and Rodenticide Act and the Clean Water Act were passed. They were relegislated in 1988; and 1977, 1981, and 1987 respectively. FIFRA requires the registration of every pesticide, certification and preconsumer testing. The Clean Water Act established standards for wastewater treatment, sludge management, and set discharge limitation and water quality standards. The Endangered Species Act of 1973 protects animals that are threatened or endangered. Relegislated in 1984, the Resource Conservation and Recovery Act of 1976 standardized the manufacturing, transportation, storage, treatment and dumping of solid and hazardous waste. Also passed in 1976 was the Toxic Substances Control Act, which delegates the EPA control over the assessment of risks involved in chemicals and recordkeeping. 1980 saw the passing of the Comprehensive Environmental Response, Compensation, and Recovery Act, which brought liability upon the owners, transporters and sources of hazardous waste, and established the Superfund to help with cleanup costs. The Superfund Amendment and Reauthorization Act requires companies to publicly disclose all chemical and toxic hazards in their operations. 1 These acts have often left companies feeling as though their hands were tied. The Clean Air Act by 1989 managed to reduce air pollution to two thirds of the 1970's level. The Act achieves this through the use of permits to regulate the construction and production of major sources of pollution. The act specifies that a major source is one that emits 100 tons or more per year. This means that a factory can be built that emits 90 tons of pollution per year with out a permit. A permit is also necessary if you want to increase an existing factory that emits 100 tons by 25 tons. This act has its shortcomings. For example, a university wants to expand its heating plant. The administration has two options either modify the existing plant or build a new plant. The university's heating plant emits 100 tons of pollution, this means that they will need a permit. The modification would normally be more cost effective because it is a smaller job and would not take as much time to accomplish. The practicality of the situation would force the building of a new heating plant that is to be smaller than 100 tons of pollution. The reason for this is the delay, cost and uncertainty of the permitting process, which would drive the over all cost up. It is probable that the modification of the single plant would ultimately produce less pollution that the two separate plants. 2 The SARA, or Superfund Amendment and Reauthorization Act passed by the government as an addendum to the Comprehensive Environmental Response, Compensation and Recovery Act specifies that companies make public details of their storage and handling techniques. All firms manufacturing 300 specific chemicals must abide by this. Firms with ten or more full time workers must painstakingly report must report all chemicals released routinely. The quantity of the specific chemicals released into water, soil, and air, along with a listing of waste treatment efficiency must be made available to the surrounding community. It is difficult for companies to cite specific waste treatment facilities, for not many true ones exist. The public demands total removal of hazardous wastes and at the same time that the goods be produced with the same efficiency and quality. 3 The Clean Water Act is a system of minimum national standards for the discharge of toxins and hazardous waste into the environment. The rules given call for complicated technical decisions to be made by businesses. The fact that a company must comply with all new standards within a year causes for much loss and payment of fines. These acts do have negative effects upon businesses. However, corporations are finding advantages to environmentally sound procedures. Not only are environmentally friendly policies popular with consumers, but they can also save businesses a great deal of money. As the acts and their socially conscious agenda become more assimilated into the business world, business is working to gain advantage and minimize disadvantages. Many case studies support this idea. Corporations have discovered that they can often use environmental friendly programs and products to produce more profits. An excellent example of this is Ben and Jerry's ice cream company. The company began by making all natural ice cream on a very small scale in Burlington, Vermont in 1978. Natural food held great appeal in Vermont, even before it held nation-wide popularity. Soon, their product became extremely popular. Ben and Jerry's all natural products provided the first benefits of environmental-friendly policies for the company. Later, when two large manufacturing facilities were built in Waterbury and St. Albans Vermont, they decided to treat the waste created form their processing with a prototype solar aquatic treatment system. Like a wetland, the system combines solar energy with plants, algae and microbes to break down wastewater. Three â€Å"green teams† strive to ensure compliance with their priorities of managing their waste, conserving energy, practicing sustainability, finding renewable energy sources and forming environmentally positive community programs. Besides these positive actions, which attract many customers, other environmentally correct actions save Ben and Jerry's money. Instead of sending massive amounts of waste to the landfill, the company implemented procedures that minimize waste and reduce cost simultaneously. Cardboard waste is baled and sold or recycled, which saves the company $17,400 annually. Office employees must follow a recycling program to save energy, cost and trees. $235,000 a year is saved in recycling or reusing plastic buckets. As much as $250,000 a year will be saved from new energy saving devices incorporated by the company. There are environmentally positive aspects in every part of the company which prove Ben and Jerry's to be unhypocritical, for the environmentally friendly image they sell their products. Since their total sales were $97 million in 1991, it seems that this philosophy works and brings about a large customer base. 4 Other companies have found profit through environmentally safe Merck & Co. , a worldwide health product corporation for animals and humans, and specialty chemicals balances profit and responsibility even in the face of SARA. To maintain an inner accordance, Merck runs its operations with the same regard for health and well being that its products have. Merck has declared, â€Å"†¦ our commitment is to conduct our business worldwide in a manner that will protect the environment as well as the health and safety of our employees and the public. â€Å"5 Merck made formal its environmental commitment in 1990. In 1990, the company published a statement giving its environmental policies and goals. The progress toward these objectives was charted through periodic reports in a set five-year period. The objectives set by Merck were specific. The minimization of chemicals released into the atmosphere, in turn harming people, animals, the ozone layer, and causing acid rain and the greenhouse effect was one goal. Research to find new ways to minimize waste and conserve resources was a priority. Reduction of waste generation and self-sufficient waste treatment and disposal were another goal. Energy and resource conservation practices were to be utilized in its research, manufacturing and office facilities. Lastly, resource conservation was to be promoted through innovative product design and recyclable materials. 6 Merck, like all chemical producers, was directly confronted with SARA. Though the company is not forced to reduce emissions, its operation procedures go far above SARA suggestions and Clean Air Act regulations. Voluntarily, the company made a commitment to the EPA to follow these higher standards. Merck specifically vowed to reduce carcinogen air emissions by 90% at the end of 1991. Also, these air emissions were to be eradicated by 1993. Finally, Merck would reduce releases of corporate chemicals by around 90% of all direct releases and material transfers for off site disposal by the end of 1995. Merck had reduced all its worldwide releases of toxic chemicals by 50% from 1987 figures by the end of 1992. 7 The goals focusing on toxic waste processing and reductions were to be achieved through a strategic plan at division and plant levels. Divisions, plants and salaried employees directly or indirectly involved with manufacturing were to implement personal goals to help Merck achieve their overall goals. The eight plants under Merck's manufacturing division, along with the two manufacturing vice-presidents, were each accountable for the reduction and better management of waste in the plants. A central environmental resource staff coordinated and supported the effort. SOurce reduction was the biggest priority, followed by recovery/recycling/reuse, and waste management. Most of Merck's waste is non toxic. The toxic minority consists of primarily ethyl alcohol, acetone and methyl alcohol, used in manufacturing processes. The waste stream is boiled, the purified vapors condensed, and the liquid recollected. 90% is recovered for reuse. The remaining 10% is toxic waste. 8 Packaging components have experienced reduction in the interest of landfill space and resource conservation. Cotton wadding in drug bottles has been eliminated in the US. In Europe, there has been a 10% reduction in aluminum and foil waste. A conversion in Europe to standard blister packaging and high volume carton printing reduces waste and saves money. 9 New and more efficient equipment helps to reduce Merck's waste management problems. By standardizing and improving production, Merck is less likely to encounter problems with the FDA for making drug production changes. Approval for production changes is extremely time and cost consuming. Yield and product quality standards are on the same level as environmental standards. Merck, â€Å"takes responsibility for the total life cycle of materials we use and products we manufacture. â€Å"10 Merck keeps lines of communication open with the public concerning its environmental policies. By working with the Chemical Manufacturers Association's Responsible Care Program, Merck provides information to the public through a 1-800 number. The number is linked directly to Merck, where questions regarding Merck plants are answered. Emergency response systems are in place at factories, and for Merck transports. Literature regarding operations and safety procedures are distributed by Merck to keep the public informed. 11 Merck's environmental commitment extends to its corporate headquarters. Environmental preservation of woodland and wetlands upon the site was the priority. The 900,000 square foot hexagon-shaped building and the 700,000 square foot underground parking garage made a minimal effect upon the land. Awards and recognition were in order for this achievement. Kevin Roche, an architect known for designs that blend into the environment, was chosen for the project. The hexagon building surrounds five acres of forest, roads go over the land, and trees were moved rather than destroyed. They were nurtured in a nursery for as long as three years and then returned to the landscape. Energy saving features were utilized in the main building. All paper waste, the principal waste product, is recycled. 2. 8 tons of waste are produced per day, of which 8 tons are recyclable. 12 Merck has made an agreement with the Costa Rican Instituto Nacional de Biodivarsidad (INBio) to grant a million dollars to catalog the immensely diverse life found in Costa Rico. In exchange, Merck is granted the rights to any new medicines found. If a new medicine is found, the royalties will surpass the cost of the failure of the project. The diversity of Costa Rico is thought by scientists to contain more biodiversity then any other planet on earth. Many unknown animals and plants exist in Costa Rico and have yet to be discovered. Merck is training local people to take samples and perform extractions. INBio will analyze the samples. Merck will evaluate samples for agricultural and pharmaceutical applications. This mutual beneficent relationship will aid both the environment and Merck. 13 By improving their product, cutting their costs, and improving their public image, Merck has made a profit from environmental friendliness. The envirometal centered policy has opened up new markets and gained a competitive advantage. This compliance is expensive, but seems well worth the expenditure for the return. The EPA also has developed incentives in recent years for environmental policy compliance. The Green Lights program gives companies EPA support to drive down lighting usage, which accounts for over 20% of overall electrical costs. Software, financing information, lighting product consumer reporting is provided free of charge. Public recognition is given through public service ads, news articles, marketing materials, broadcast specials and videotapes. Computer manufacturers who install automatic â€Å"power down† on their computers join the Energy Star program endorsed by the EPA. Consumers and businesses look specifically for this symbol in many cases, causing a gain for the computer manufacturer. Variable Speed Drives for heating, ventilation and air conditioning systems save 40% or more efficiency. The EPA has formed a special group buy to make them more affordable. Payback is within three years. Plans are on the board to endorse other â€Å"green† technologies this way. Refrigerators that are produced and function 30-50% more energy efficient then 1993 standards will receive a rebate. These are just a few incentives the EPA is providing. 14 Government and business have often debated over policies and laws. In the case of laws governing business practices and their effects on the environment, this holds true. The balance between being environmentally safe and still producing the quality and quantities needed is delicate. However, today's market makes environmental friendliness sellable, and the procedures involved often save businesses a considerable amount of money. Ben and Jerry's have utilized the market for environmentally aware products and combined it with their company philosophy. Merck has utilized the same business strategy and found ways to surpass SARA and other environmental acts. These businesses prove that being environmentally responsible is not only morally correct, but also profitable.

Sunday, September 29, 2019

Media Analysis Essay Essay

I have chosen the movie Signs to do my worldview analysis on. First, I will discuss the worldviews that the main characters in the movie have. I will then answer the question of if the characters were true to their worldviews. I will also discuss the obstacles that the main characters faced that deterred the character or characters from living out their worldview. Lastly, I will describe mental, emotional, or spiritual reactions I had to the movie as well as explain if I agree or disagree with the worldview present in the movie. I will start by saying that the main character had a Christian worldview but in the beginning of the movie, due to a tragedy in his life, he had an atheist worldview. I know the main character, Graham, had a Christian worldview before the tragedy happened in his life because he was a priest. After the tragedy in his life he stopped being a priest and completely left the church. Graham told everyone to stop calling him father and upon a conversation with his brother Merrill about faith he told him that he did not believe in miracles. He also explained the things his wife told him right before she died as being the result of scientific reactions in the body rather than them having any real significant meaning for a special purpose. This is proof of Graham switching his worldview to that of an atheist. Graham’s brother, Merrill, had a Christian worldview all throughout the movie. I know this to be true for Merrill because he openly says during the faith conversation that he is de finitely a miracles man. I will now move on to the question of whether or not the main characters were to true to their worldviews. Merrill remained true to his worldview throughout the whole movie. I know this to be the case because he said he was a miracles man and he also prayed for his nephew when he was having the asthma attack and had no inhaler. Graham, however, was inconsistent with his worldview throughout the movie. First, he started out with an atheist worldview because losing his wife made him lose his faith in God. When his son started having his asthma attack he went back to praying and asked God to please not take his son away to. Graham then got his faith back from this experience with his son. After this experience Graham continues to pray in response to the alien spraying the poison gas in his sons face as well as that the inhaler and shot help him pull through. At the end of the movie it shows that Graham goes back to being a priest and starts living out his Christian worldview again. With that being said, I will now discuss the obstacle in the main character, Graham’s, life that caused him to avoid staying true to his Christian worldview. This obstacle was the loss of his wife. The death of Graham’s wife was not only hard for him because he lost her but because of how traumatic the accident was. This caused Graham to give up on his Christian faith and not believe in God at all. After the accident Graham stopped being a priest and stopped praying as well. This is why I know that it was the loss of his wife in particular that caused Graham to stop living out his Christian worldview. Lastly, I will now discuss the emotional, mental, and spiritual reactions I personally had about the movie. I felt very saddened over the loss of Graham’s wife because I could not even begin to know how awful it would be to lose a spouse. I also found it very sad to watch the children deal with the loss of their mother. The moment at the dinner table when they are all setting down to what they think could be their last meal together was also very moving and a very important part of the movie in my opinion. The whole family broke down and cried together and the moment when Graham pulled his brother Merrill over by the shirt to make him join in the hug made me cry. This part in the movie is the definition of family to me. The part of the movie that moved me spiritually was when Merrill told Graham he was tired of seeing his big brother lose his faith in God. My favorite part was when Merrill said that he never wanted to see the look in Grahams eyes again when he said they were having the faith discussion earlier in the movie. This part also made me cry and feel like cheering in agreement with Merrill. I also have to say that I strongly agreed with the Christian worldview in this movie, especially Merrill’s because even in great fear and tragedy he still remained true to his Christian worldview. In conclusion, I very much enjoyed watching this movie and it certainly moved and touched me emotionally, spiritually, and mentally.

Saturday, September 28, 2019

Ethics, Corporate Governance and Social Responsible Investemtn Essay

Ethics, Corporate Governance and Social Responsible Investemtn - Essay Example A number of other major economies have however embraced the adoption of the enabling mode of governance and rejected the mandatory corporate governance. A number of differences exist between these two systems as outlined by Anand, (2005). Mandatory corporate governance is practiced in major states of the United States, a mandatory system provides guarantee that firms in this system will have to implement any reforms that market regulators put in place. This is contrary to the enabling governance where nothing guarantees a fair play and the enforcement of implementation of any changes. Enabling governance has the ability to ensure that there is compliance to regulatory mechanisms especially when it is implemented together with mandatory disclosure of organizations practices. Mandatory system is also slightly more costly to implement when compared to the enabling governance style (Anand, Milne, and purda, 2006). Mandatory corporate governance is majorly practiced in the United States w hile the United Kingdom practices the enabling kind of governance. Canada and Australia are other major countries that also practice the enabling kind of governance apart of the United Kingdom. The United States mandatory governance is however a blend of the two systems. In some states, companies are not compelled to adhere to the requirements but are required to make formal disclosure of the rules they have or have not adhered to. Firms that are cross listed in the United States are required according to the Sarbanes-Oxley act to submit their evidence of compliance to the mandatory governance regulation. The SOX regulation has a prohibition for ‘insider loans’ especially among companies listed under this act. Such companies must also ensure that they submit their balance sheets for each financial year (Anand, 2005). The mandatory corporate governance system of the United States also has a requirement for all companies listed under its stock exchange at the NYSE and NAS DAQ. They are required to include independent directors in the management board of the firms; the same policies are also practiced in Canada. Firms are required to submit their compliance statuses through proxy to the provincial commissions who are also mandated to ensure that there is strict formulation and administration of the guidelines (McCahery and Vermeulen, 2010). Under the enabling system as practiced in the UK, compliance with corporate guidelines is voluntary. Only companies that are listed in the London stock exchange are obligated by law to submit their compliance in their annual reports. The system as practiced in the United Kingdom has been adopted in Australia with a few modifications on the reporting mechanisms. The UK system also applies incentives that are meant to make firms disclose their compliance information; disclosure of information in the enabling system depends on the sensitivity of the information. In situations where firms feel that their competitors ma y benefit from exposure, such firms have the right to withhold their compliance (Anand, 2005). Enabling systems is also known as voluntary governance system, this is majorly because of the free atmosphere that it creates for its firms. Firms in this system can either chose to disclose their information or not to be based on their reasons; this is the system which is practiced in the

Friday, September 27, 2019

Moneyball. Sabermetric-Based Player Evaluation by Beane Term Paper

Moneyball. Sabermetric-Based Player Evaluation by Beane - Term Paper Example Some of the major baseball teams in the world include the Pirates, Red sox, Yankees that play in the Major League Baseball, the American League, or the National league. Subject to the publicity, stiff competition, and economies of money involved in this sport, team managers adopt various strategies to win most games. Moneyball by Michael Lewis is a book that seeks to divulge information on how baseball teams should conduct their businesses in order to remain effective. However, a review article â€Å"Who’s on First?† by Thaler & Sunstein (2003) draws some criticism on the book. This paper will hence examine and evaluate the review article â€Å"Who’s on First?† by Thaler & Sunstein (2003). Sabermetric-Based Player Evaluation The sabermetric-based player evaluation used by Beane was a great shocker to other executives in baseball. In his evaluation, Beane took interest on how much a player was likely to contribute to his team's chances using scientific anal ysis (Thaler & Sunstein, 2003). In doing this, he relied on objective evidence rather than subjective evidence used by other executives. With the limits of human rationality and inefficient labor markets, Beane chose to ignore baseball's conventional wisdom in evaluating the performance of players to the surprise of other baseball executives. Indeed, in a conflicting situation between Beane and DePodesta's statistical methods of evaluation and other evaluation strategies by other baseball experts, statistical methods proved efficient to conventional statistics that were inefficient and often misleading (Thaler & Sunstein, 2003). As a result, Beane produced an amazing performance despite working on lower payrolls compared to other baseball teams. Indeed, Beane’s team, the Athletics was ranked eleventh in payroll(out of fourteen teams) and fifth in wins in the American League in 1999 but jumped to twelfth in payroll and first in wins in 2002 to the shock of other baseball execu tives. Ideally, Beane evaluation on players proved that players drafted out of high school are much less likely to succeed than players drafted out of college. Hence, against the practice of other executives, Beane did not recruit any talent from high school. Nevertheless, the new recruits that other teams neglected became great performers and other teams ended up buying them from Athletics thus improving its payroll. His ability to evaluate and recruit first-rate talent without a lot of money and using statistical methods to replace the lost players was also a great shock to other executives. In addition, the way Beane evaluated the performance of players in the field was also intriguing to other executives. He notes that the use of errors to evaluate the fielding ability of a player is so crude (Thaler & Sunstein, 2003). To this, he argues that a player may accumulate errors due to luck and thus in appropriation in evaluating his ability based on this. In addition, he notes that t here might be luck in batting many runs subject to playing in good teams or having many opportunities. All this was a negation to the conventional beliefs adopted by other executives. Most shockingly, is the fact that Beane’s statistical evaluation of players led to his team’s greater success on the American League although Athletics had a low pay roll. Subsequently, major teams in the league like Boston Red Sox and Toronto Blue Jays are now hiring general managers who adopt Bean’s mode of evaluation (Thaler & Sunstein, 2003). Why Beane is Much More Effective in His Success Beane was much more effective in his success as compared to other baseball executives. This was subject to his statistical evaluation of players, disregard of the conventional wisdom in baseball, and