The Lakota Tribe Of Native Americans - 1358 Words

From Little Creek in the movie Spirit to Tonto in the Lone Ranger, popular culture has always tried to portray the lifestyle and mentality of Native Americans. Directors and artists have attempted to show snippets of daily life through their works, drawing from actual artifacts or histories of actual Native American tribes still present in the modern day United States. One of these tribes are the Lakota, whose homeland was originally located in the Wisconsin, Michigan and Dakota region of today’s North America. From their day to day activities to their extensive culture the history of the Lakota tribe of Native Americans are a very intriguing aspect included in Native American studies. Some major areas of interest include: their daily life†¦show more content†¦The Lakota’s would grind the ingredients together with a pounding stone. Wasna was a very good source of protein and the Lakota valued this traditional recipe not only as a food, but also as a healing ins trument. Therefore, Wasna is often seen as a sacred food and was often used in ceremonies and rituals.† It has been found that the high protein content in this dish helps to greatly elevate iron levels and promotes healing. Along with food dishes, herbs, and various berries found around their territory medicine men would perform healing rituals and pray to their gods to help fight off sickness, injuries, and battle wounds. Lakota Medicine men would often communicate or have visions of the gods they believed in and these visions would assist them with advising their tribe or healing their people. Nature and the world around them had a large part in forming these spirits. As stated by (Lakota Indians, 2017) â€Å"The Lakota have strong ties to nature and the spirit and belief in many different gods. A popular element in the Lakota religion has been the use of vision quest to pray to the Gods and as a rite of passage into adulthood.† Found in many Native American cultures is the belief in the father sun and the mother earth, which is echoed in the myths of the Lakota. Many religious figures were found in the stories passed on through the Lakota tribe and other NativeShow MoreRelatedBlack Elk Is A Na tive American Spiritual Leader Of The Lakota Tribe1588 Words   |  7 PagesBlack Elk Speaks is a translated Autobiography of a verbal account from Nicholas Black Elk, who was a Native American spiritual leader of the Lakota tribe during the period of westward expansion by the United States. His account reveals to the audience many different aspects of life for the Lakota people during the turbulent transition from their traditional nomadic tribal to a reservation culture. Through Black Elk’s life story, there are a plethora of small hints and glimpses of their world, inRead MoreWho Were Really The Savages? Essay1298 Words   |  6 Pages Who were really the savages? Americans Yaghira Dickson History 223 History of the American Indian Dr. Dawn Spring 11 December 2016 Abstract Analyze the history of Lakota and Cherokee Indians and what area they are from. Pinpoint the myths and where they originated. Associate and disassociate at least two Indigenous stories about creation of the biosphere. Identify what the relationship between human beings and creation proposed. Recognize the relationship between human beings and animals. FindRead MoreNative Americans Ways Can Be Super Spiritual1700 Words   |  7 Pages Native Americans ways can be super spiritual. I find the Native American one of the most interesting cultural, but it happens they are the least I known about. I want to focus on is the traditions, rituals and mystics as well. 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The Beaux Stratagem Essay Research Paper The free essay sample

The Beaux Stratagem Essay, Research Paper The Beaux Stratagem: The Subject of Divorce The Beaux Stratagem is a drama that places a brace of presentable yet impoverished London gentlemen, named Aimwell and Archer, in the English state hostel at Lichfield. Due to the Torahs of this clip Aimwell, as the younger boy, has been denied his chance to portion in the household luck. His program at the hostel is to presume his older brother? s individuality and better his opportunities of get marrieding a affluent adult female her luck. His friend, Archer, has agreed to move as his retainer on the status that he would acquire half of what Aimwell additions from his venture. After some dawdling with the host, Bonniface, and his girl Cherry, Aimwell sets his sights on Dorinda, the affluent girl of Lady Bonntiful, a local widow of high repute. Her boy, Squire Sullen, has been wrongly matched in a prearranged matrimony to a beautiful adult female with no disposition to portion his hunting and imbibing life style. We will write a custom essay sample on The Beaux Stratagem Essay Research Paper The or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Mrs. Sullen is fed up with the matrimony and has prepared a trap to do Sullen covetous by chat uping with Gallic Count. The flirting is entirely for her hubby? s benefit, but as Aimwell woos the immature Dorinda, Archer makes progresss to the carefully receptive Mrs. Sullen, who is rather taken by Archer. One eventide at the hostel where Sullen is in hunt of imbibing comrades, a set of stealers secret plan with Bonniface to rob Lady Bonntiful? s place on the premise that the wome Ns are entirely and unprotected. Cherry, who has overheard the their treatment, has Aimwell beat the stealers. He, along Archer, stops the robbery and locks up the stealers. All the piece this is go oning, Sir Charles Freeman arrives at the hostel and is escorted by a bibulous Sullen to the house where Aimwell and Archer continue their progresss on Dorinda and Mrs. Sullen. Freeman brings intelligence that Aimwell? s brother has died doing him a Godhead. Aimwell can now legalize a matrimony to Dorinda, with his new stature and a love that has grown to be existent instead than forge. Sir Charles persuades Sullen into a divorce by common consent and to return the dowery that was more of import than his married woman. Aimwell and Dorinda marry, and Mrs. Sullen is free to accept the progresss of Archer. Farquhar? s positions on divorce were in front of their clip. The topic of divorce was controversial and purely forbidden in polite company. Laws were such that in the rare event that a twosome was granted a divorce, a adult female was neither allowed to remarry or do claim to her hubby? s fundss. The Beaux Stratagem ends with the divorce of Squire Sullen and his married woman through common consent. Mrs. Sullen? s outrage at her intervention by Sullen seems really rebellious for its clip and prescient of the modern adult female? s averment of her rights. In fact, Fraquhar wrote The Beaux Stratagem non as an early adult female? s autonomies but as a call for the liberalisation of the divorce Torahs, this may be due to his ain unhappy matrimony.

Bdo Benchmarking Assignment free essay sample

When considered in general terms Turnbull described it as: â€Å"All influences affecting the institution processes, including those for appointing the controllers and/or regulators involved in organising the production and sale of good and services†¦.. it includes all types of firms whether or not they are incorporated under civil law. † (Turnbull, 2002:181) Factoring in all other definitions, in its simplest terms it can be defined as the â€Å"exercise of power over corporate entities† (Clarke, 2004). It is not the same as the management and the running of the company, it is concerned with how the Board of Directors, who are the governing body of a company, supervise management, because it is they who are responsible for holding the management of a company accountable and ensuring the company is being ran in a way which is favourable towards the shareholders and other stakeholders. It is the Directors’ responsibility to develop strategy and policies for the ompany and to determine the direction the management should take the business in and the Directors have overall responsibility for the performance of the company (Tricker, 2012). While the phrase ‘corporate governance’ wasn’t coined until the 1960’s and not commonly used until the 1980’s, it has really been in a gradual process of evolution since the 16th century and joint venture trading. One of the major developments in world economies which brought the need for corporate governance to the fore was the introduction of limited liability companies in the 19th century. What this meant was when companies were incorporated they became a separate legal entity, separate from their shareholders and with similar legal rights to buy, sell and transfer shares and assets, to employ people and to sue and be sued in the name of the company. This meant the liability for any company debts lay with the shareholders and not the management or the company. Add to this the fact that because of the introduction of the stock market, shares could be easily bought and sold, meaning the shareholders could be vast in numbers and have a large geographical spread. Due to the fact that all corporate entitites need to governed, the implications of this were that the management (executive control) and the shareholders (owners) were often separated (Tricker, 2012). Situations such as these, are where corporate governance is deemed to be most necessary because there is a root assumption, that members of management who do not own the company are likely to be more reckless with someone else’s money, i. e. the company’s, than they would be with their own money (Having Their Cake, 2013). This is known as the agency dilemma, which will be expanded upon later. Electing a Board of Directors who have the interest of the shareholders at the forefront of their mind, allows members to indirectly oversee the actions undertaken by the management, in order to ensure that as agents of the shareholders, the management is performing in line with the best interests of the corporation (Lashgari, 2004). 1. 2. Selection of a Case Company However, as Turnbull pointed out in ‘Corporate Governance: Its scope, concerns and theories’ (2002), having a restriction of only publicly traded corporations in studies of corporate governance, limits the validity of any onclusions drawn about the most efficient arrangements for corporate institutions with regards to good governance practices and the effect they have on a company’s performance. As Jensen said in 1993: â€Å"Privately held entities could provide the most form of enterprise. † (Jensen, 1993, cited in Turnbull, 2002). It was with this in mind that I chose BDO LLP UK (BDO), which is an incorporated partnership company in the UK, which is owned and ran by its members/partners. It is a company which offers financial accounting, audit, tax and business consultancy services (BDO LLP UK website, 2013). . 3. About the UK Financial Accounting and Audit Sector With the ever increasing focus on corporate governance for companies across the World, not just in the UK, audit firms such as BDO, KPMG and Deloitte are becoming more important because it is there job to ensure that companies are adhering to regulations laid out in the UK Corporate Governance Code (2010, revised in 2012). It should naturally follow that audit companies will have extremely good corporate governance practices put in place, however, this is not necessarily the case. Since 2000 there have been a number of high profile scandals within the International Corporate Financial Accounting industry, for example, Enron were found to be inflating revenues and hiding debts and there was also the Bernard Madoff â€Å"Ponzi Scheme†, where the real scandal was that the robbing of millions of pounds worth of people’s money, escaped the attention of auditors and regulators. ). Due to such scandals, many national regulators implemented new corporate governance requirements to improve standards (Mitchell Van der Zahn, 2009). In the UK new regulations with regards specifically to audit companies were also introduced, targeted directly at a certain group of companies. As of January 2010, 95% of the auditing work in the UK was being carried out by 8 firms, BDO being one of them. It was deemed that such companies had built upon their reputation to gain dominance in the UK market and the Financial Reporting Council (FRC) felt it was in the Public’s interest for these companies to be transparent and in order to maintain public trust be exemplars of best corporate governance practice. This led to the introduction of the Audit Firm Governance Code (2010) by the Institute of Chartered Accountants in England and Wales (ICAEW), which drew from aspects of the 2010 UK Code and established principles such as the appointment of independent non-executives within the governance structure of their company. While such rules did not apply outside of the targeted companies, it was the hope of the ICAEW that it would provide a benchmark of good governance for other companies to follow (ICAEW website, 2013). With such a bold statement being made about the importance of corporate governance in this field of work, it seemed to me to be an obvious choice to choose one of the 8 companies on the ICAEW’s list for my case-study. 1. 4. About BDO LLP UK As detailed earlier BDO LLP UK is an incorporated partnership company in the UK, which is owned and ran by its members/partners and it provides financial accounting, audit, tax and business consultancy services. It is the 6th largest accountancy firm in the UK and is a member of the BDO International Network, which itself is the 5th largest accounting organisation in the World. In an attempt to break into the top 4 big firms in the UK, BDO LLP UK completed a merger with PKF, a rival firm, in April 2013 (Keynote, 2013). After researching BDO LLP UK, it became very clear that corporate governance was of the upmost importance to the company. Not only did it have specific areas on its website dedicated to corporate governance and corporate social responsibility but it also had a number of relevant publications regarding corporate governance. One article for example, ‘Making Internal Audit Relevant’, discussed the high quality of corporate governance in the UK found by studies carried out by the FRC, it went on to say that this was underpinned by the UK Corporate Governance Code and that it was vital in maintaining the attractiveness of the UK market, to encourage new investment (BDO LLP UK website, 2013). My research also found that BDO had carried out a joint study with the Quoted Companies Alliance, which considered the introduction of a mandatory corporate governance code for small and mid-capital audit companies in the UK. Just as a point of fact, this was a proposition that 92% of such companies agreed with. One of the major indications that BDO think corporate governance is vital to the success of a company is that they produce an annual transparency report, which has an appendix of a statement of compliance with the Audit Firm Governance Code (2010). They have also went to great lengths to create a summary report in 2012 for businesses which they audit, detailing any changes to corporate governance regulations and focusing on leadership and effectiveness, reporting, risk, audit, remuneration and investor relations (Corporate Governance for TMT Businesses, 2012). It seems to be an interesting idea to look at a company who places so much emphasis on good corporate governance, not only for itself but also the companies it works for, to see if they do comply completely with the codes and if they are in fact â€Å"exemplars† of good practice. . Theories of Corporate Governance There are various theories and philosophies with regards to corporate governance, all of which, as a collective, have laid a foundation for the development of different corporate governance systems around the world (Lashgari, 2004). This paper will look at a number of these theories and how they relate to BDO, in order to gain a better understanding of th e governance standards at BDO. 2. 1. Agency Theory In the 1930’s, Berle and Means published ‘The Modern Corporation and Private Property’, it provided the first debate about the agency dilemma and set a basis for agency theory. They suggested that where ownership is separated from management or is widely dispersed, it becomes difficult for owners to have an effective check on the autonomy of corporate managers. The agency dilemma was further refined in the 1970’s, when theories were brought to the fore suggesting agents (managers) are likely to be self-interested and will serve their own interest before those of the principle (owners). Such theories also suggested that in order to counter this problem companies have to incur agency costs, for example, to create incentives to align the interest of the agent with the company and the cost of monitoring the conduct of agents. Many other theorists have a problem with agency theory because it does not even attempt to explore the possibility managers are not self-interested and opportunistic. However, they cannot deny that it has een very influential in developing market-based governance mechanisms and board-based governance mechanisms. Due to BDO being an incorporated partnership and their shares not being publicly traded, we will only look at the board-based mechanisms (Having Their Cake, 2013). Agency theory has caused internal reform of boards, there has been an increase in executive share options schemes, meaning that managers are being offered equity in the company they will manage, in order to â€Å"align their interest† (Having Their Cake, 2013). Agency theory has also led to the introduction of independent non-executive directors onto Boards of Directors, in order to ensure the actions of the management are being sufficiently monitored by the board themselves and role of boards have been greatly elaborated, they are becoming more involved with the setting of objectives of companies and monitoring of any actions taken by management and stricter provisions have been put in place to ensure the separation of the roles of chairmen and chief executive (Cadbury Committee, 1999). When applying agency theory to BDO, it is easy to see that there is a situation of agency and principle, with the fact that there are 193 partners in the firm and only 5 partners who are part of the Leadership Team (LT- management) which is responsible for the overall management of the company and is chaired by the Managing Partner. It is also noticeable from their 2012 ‘Transparency Report’ that all members of the LT have been partners in the company for a number of years, with currently the shortest term being 12 years. This could be considered good governance by BDO because in an effort to avoid the agency dilemma, they ensure their management team is made up of partners, whose interest is already aligned with the interests of the business. The transparency report also states that BDO have a Partner Council (equivalent to a Board of Directors) which is independent from the LT and responsible for the overall governance, in particular the oversight and accountability of the LT. They are also responsible for choosing members of the LT and for electing independent non-executive directors, for which there are 2 at BDO. These independent non-executive directors sit on the LT and report to the partner council of any issues of compliance with governance, policies and procedures, for which they are responsible for providing information on to the LT. The Partner Council is chaired by the Senior Partner who performs a client facing role and is responsible for managing all decisions. He also attends LT meetings in a non-executive capacity to facilitate his oversight role of the governance of the company (Transparency Report, 2012). As we can see the management team is subject to a lot of oversight and monitoring by the Partner Council and the roles of the Senior Partner and Managing Partner are completely separate, this is all a way of ensuring the company has a high standard of governance and to also ensure the management is acting in the best interest of the all the owners. BDO goes to a big effort in organising their governance structure in order to avoid the problems arising from the agency dilemma. 2. 2. Resource Dependence Theory This theory originated from studies performed by Pfeffer and Salancik (1978), they suggest that board members and non-executive directors can provide a firm with a vital set of resources. Non-executive directors are appointed with the expectation that they will support the organisation with its problems and to be a source of expertise which executives can draw upon for skills and advice and they can also be a source of contacts and information which they have gained through their past experience (Having Their Cake, 2013). At different stages in the life-cycle of companies, they have very different needs from their non-executive directors. To young entrepreneurial companies, non-executive directors can be a cheap source of legal, financial or operation management skills, while publicly listed companies are in need of network connections such directors can provide, for example, sources of finance. They can also provide the benefit of attaching a good reputation to their company. Mature businesses, with which we are most concerned because BDO falls into that category, can use non-executive directors for their relevant market or managerial experience and from the consumer confidence which can be gained from that person’s good reputation being affiliated to their company (Having Their Cake, 2013). Applying this theory to the independent non-executive directors of BDO, we can clearly see from the Transparency Report (2012) that both have experience of past non-executive director roles and both bring their own experience in a relevant field, Lesley MacDonagh with a high level of experience of law and business management which she gained from being a Managing Partner at Law firm Lovells and Lord David Currie having experience of business management from eing a Dean of Cass Business School and a past Chairman of OFCOM and he also has sound knowledge of the legal system from being a member of the House of Lords. This places them perfectly for their positions of overseeing the governance of and business management of BDO. 2. 3. Stewardship Theory This theory, which originated from the works of Donaldson (1990), suggests that directors can have motives which are ‘pro-organizational’ and counters the assumption by agency theorists that management aims are based in self-in terest and are not aligned with those of the shareholders. Donaldson even goes as far as to suggest that negative investor assumptions of the management will have the opposite effect to what was intended and can actually weaken the leadership of a company by weakening the management’s authority when splitting the decision making power between the board and the management. Donaldson also put forward the theory that inside managers and directors have possibly spent their lives working for the company they govern and because of this not only have a strong understanding of how the company is ran, therefore are able to make superior decisions, but also they will have naturally built a strong affiliation and personal investment in the success of the company. He also points out that decisions made by a board of outsiders could be of a lower quality because they would not be in a position to fully understand the company because they would not have access to the same informal knowledge sources and would lack any information which could inform them of the contextual nature of any business situations. All this in turn could lead to low firm performance (Nicholson and Kiel, 2007). As was stated earlier, BDO has a LT which is made up of partners who have been working for the company in a particular field and have been a partner for a number of years. The field they are responsible for as part of the LT is relevant to the field they have been previously working in, for example the Head of Audit and Tax, Paul Eagland has been a Tax Partner for 17 years. This ensures that any decisions that are being made are informed with the necessary knowledge to make the correct decision for the company. Also, as has been stated previously working for the company has long has built a strong affiliation to the company and its success. With regards to the non-executive director element of the board, it is made up of both independent members who come from outside the company (such as mentioned previously) and Directors such as the Senior Partner who has been with the company for a number of years, this allows for any gaps in the knowledge of the directors to be covered because there is an overlap between the meetings of the LT and the Partner Council when the Senior Partner sits in on LT meetings as an affiliated non-executive director. This ensures that the company is practicing good governance and that the board cannot be misled by the management as to how the company is being ran and if the interests of the other Partners are being looked after (Transparency Report, 2012). 2. 4. Stakeholder Theory Freeman (1980’s) put forward a whole new idea in terms of corporate governance theories, he argued that it should not simply be just the shareholders’ or partners’ interests which should be considered when making business decisions, he suggested that companies should be ran with the interests of all stakeholders in mind. Other stakeholders include employees, who have invested their time and skills in the company and have an invested interest in the company’s success, in order for them to ensure job security. This, Freeman classes as a direct interest in the success of the company, other direct stakeholders include customers and suppliers. What Freeman classed as having an indirect interest in the performance of the company includes the community as a whole and the environment (Having Their Cake, 2013). There is a major problem with this theory, which is that it is hard to operationalize because it is difficult to decide the weight that should be given to different stakeholders but accepting this difficulty, some theorists have suggested that while ultimately they are accountable to the shareholders, they must take into account the interests of other stakeholders when making decisions. This demand for ‘stakeholder value’ is legitimised through a number of examples, take globalisation; the spread of business and corporations across the world has led to environmental damage, an increase in corporate corruption and excessive executive pay has been, for example with RBS, to come hand-in-hand with company downsizing which has a direct impact on employees. In the name of good corporate governance, the increase in the value of stakeholder interests has led to an increase in business ethic codes and heightened corporate practice visibility and corporate reports of social responsibility and environmental matters (Having Their Cake, 2013). According to BDO’s website and their Transparency Report (2012), the company takes the interests of various stakeholders into account when making decisions about how the business is run, in a number of different ways, through policies and procedures: * Ethical Requirements The company has a Professional Services Manual and an Audit Manual, which contain rules relating to ethical conduct of employees, management and Partners. It is easily accessible on the company intranet and is supplemented with training and is designed to comply with International and UK Ethics Standards. The Partners and staff sign annual declarations as to their compliance to the code and the company has an Ethics Partner who is tasked with providing guidance as to correct ethics and also with maintaining compliance. * Client Relationships BDO has 5 core values which all partners and staff are committed to, they are; honesty and integrity, taking personal responsibility, mutual support and strong and personal client relationships. To aid in these values and to help deliver a quality service to clients, the company has robust client and engagement procedures. They carry out risk assessments on every potential client, before signing a contract and this helps to ensure that not only is the company secure but also that they provide the client with the sufficient standard and amount of staff they are in need of. The HR department also has clear policies and procedures when it comes to recruitment in training, to ensure the company has a sufficient number of staff who are competent and meet the required ethical standards, all in the name of providing a quality service to clients. * Employee Relationships BDO have an inclusive culture when it comes to recruitment and training and development, it provides every staff member with the same opportunities to progress regardless of differences. They have strong policies and procedures regarding regular reviews, which are performed bi-annually. They also seek to adopt the most relevant recruitment selection tools, in order to ensure the fit and quality of those joining the company. They also provide employees with ‘learning maps’ and ‘career and performance wheels’, which helps with career development and ensures promotions only occur when the staff member is ready. This all aids in the success of the company. * Corporate Social Responsibility BDO actively support and develop the local community, they have an established network of over 20 champions in the UK, tasked with â€Å"stimulating local ideas and initiatives† to help developing the community. They have a Community Volunteering Policy, allowing employees to take 6 days a year to volunteer, and they are not restricted to volunteer at certain organisations. It can be whatever is important to them. BDO ensure the negative impact their business has on the environment is minimised and have an Environmental Policy which can be accessed at the follow address: http://www. bdo. uk. com/about-us/corporate-social-responsibility/environment. Considering this, it could be said that with regards to ‘stakeholder value’ BDO practices good corporate governance. . BDO Governance in Practice 3. 1. Transparency Report Due to the EU’s 8th Directive on transparency reporting being adopted, in April 2008 the Professional Oversight Board published the Statutory Auditors (Transparency) Instrument (2008), requiring auditors of companies with a public interest to publish annual transparency reports. It also detailed requirements that such reports must meet, including systems of q uality control, independence practices and procedures and information about the company, i. e. he structure and the management. The BDO Transparency Report (2012) is available at: http://static. bdo. uk. com/assets/documents/2012/09/Transparency_Report_for_the_52_weeks_ended_29_June_2012. pdf . Transparency reports are used to demonstrate the quality of audit processes and practices of a company and are also used to encourage a high level of confidence and trust from stakeholders and the business community. BDO also provided a statement of compliance with the Audit Firm Governance Code (2010), which can be seen in Appendix A. The transparency includes details of the Governance Structure of the UK Firm, including the management and implementation of independent non-executive directors, the values of the company, the Internal Quality Control System, the Risk Management Control System and details the policies and procedures regarding independence, whistleblowing, professional development and partner remuneration. 3. 2. Statement of Compliance with the Audit Firm Governance Code One of the most important aspects of the Transparency Report is the Statement of Compliance with the Audit Firm Governance Code. Some of the key aspects of which include compliance with: * the owner accountability principle- the Partnership Council reviews decisions made by the Leadership Team, the management * the management principle- strategic and operational leadership is provided by the LT * the professionalism principle- the whole firm is committed to quality work and professional judgement and values. The firm’s management and the Head of Risk and Quality reinforce the appropriate ‘tone at the top’, instilling professional and ethical values in the firm. BDO employees are expected to comply with an internal code of conduct * the Involvement of independent non-executives principle- BDO appointed Independent Non-Executives in July 2008, comply with the same independence requirements as our partners and employees and they have sufficient experience and expertise to command the respect of the partners * the Compliance Principle- BDO have policies and procedures to ensure they comply with professional standards and applicable legal and regulatory requirements * the whistleblowing policy- all actions arising out of incidents of whistleblowing, are reported to the Head of Risk and Quality who will make an annual report the Internal Reporting Principle- LT, Partnership Council, Audit Committee and Risk Committee are supplied with information in a timely manner and in a form and of a quality which enables them to discharge their duties * the Financial Statements Principle- BDO publish annual audited financial statements in accordance with UK GAAP While BDO provide a very clear statement about how compliant they are with regards to the Audit Firm Governance Code, we must look at the FRC’s ‘BDO LLP- Audit Quality Inspection, 2013’ which considered the corporate governance compliance of BDO in order to get a true understanding of their standard of corporate governance compliance. 3. 3. FRC Annual Review of BDO The FRC found that in most areas there were appropriate policies and procedures in place for its size and client base and they found that all the statements that were made in the Transparency Report were consistent with their understanding of BDO’s policies and procedures of the firm. However, when the FRC reviewed the audits BDO carried out themselves on other companies, they found that a number of governance codes were not being adhered to: * Firstly, they were not always providing a high standard of quality auditing, failing to challenge explanations and inputs from managers, they did not always report the disclosure deficiencies which were identified to the Audit Committee and there was a lack of adequate communication with the Audit Committee with regards to inaccurate information, which led to safeguards that had been put in place not being properly assessed. Secondly, the FRC found that the audits were not always being reviewed thoroughly enough and audit quality issues and omissions in reports were not being identified. * Thirdly, BDO were found to not have complied fully with ethical standards in a number of different ways; * The business plan inferred that fees should be set lower if non-audit fees are likely to be earned, this goes against their own required ethical standards and their own * Performance evaluation criteria including the cross-selling of non-audit services * The list of entities which partners held shares and could generate a conflict of interests was not up to date. A more robust set of procedures was suggested to ensure that this list was kept up to date in future Lastly, the Internal Quality Review was not of a high enough standard, it did not provide a sufficient level of detail and clarity of explanations of significant findings. 4. Conclusion We can see that BDO go to great lengths to try and ensure that they are fully compliant with corporate governance codes and regulations, not only with their policies and procedures a nd the way the company is managed but also with governance structure of the company and the values and focus of the aims and objectives of the company. They also have a strong focus on transparency and ethics within in their business and this is linked to their value of providing great customer client relationships with professionalism, honesty and integrity. They also go to great lengths to aid the companies with which they work, in complying with corporate governance codes, again this is all in the name of developing excellent quality and trustworthy client relationships, in order to maintain and improve the success of their business. However, as we can see from the FRC review, there are gaps in their governance compliance, in particular with internal reporting and ethical standards, but it will have to be seen in the coming years of reviews if the increase in transparency and an even greater focus on corporate governance will lead to BDO closing such gaps. 5. Bibliography * BDO LLP UK, ‘Transparency Report’, 2012, Available Online at: http://static. do. uk. com/assets/documents/2012/09/Transparency_Report_for_the_52_weeks_ended_29_June_2012. pdf [Accessed 02 May 2013]. * BDO LLP UK Website, 2013, ‘About Us’, Available Online at: http://www. bdo. uk. com/about-us/corporate-social-responsibility/environment [Acc essed 02 May 2013]. * BDO LLP UK, 2012, ‘Corporate Governance for TMT Businesses’, Available Online at: http://static. bdo. uk. com/assets/documents/2012/03/Corporate_Governance_for_TMT_Businesses. pdf [Accessed 02 May 2013]. * Crump, R. , May 2012, ‘Mid-cap market calls for mandatory governance code’, Financial Director Website, Available Online at: http://www. financialdirector. co. k/financial-director/news/2180374/mid-cap-market-calls-mandatory-governance-code [Accessed 02 May 2013]. * Financial Reporting Council, 2013, ‘BDO LLP: Audit Quality Inspection’, FRC Website, Available Online at: http://www. frc. org. uk/Our-Work/Publications/Audit-Quality-Review/Public-Report-BDO-LLP. aspx [Accessed 02 May 2013]. * ICAEW, 2013, ‘The Audit Firm Governance Code’, ICAEW Website, Available Online at: http://www. icaew. com/en/technical/corporate-governance/audit-firm-governance-code [Accessed 02 May 2013]. * Keynote, 2013, ‘Account ancy Marketing Report’, Available Online at: https://www. keynote. co. uk/market-intelligence/view/product/10674/accountancy? edium=download [Accessed 02 May 2013]. * Dr Lashgari, M. , 2004, ‘Corporate Governance: Theory and Practice’, The Journal of American Academy of Business, Cambridge, Available Online at: http://tharcisio. com. br/arquivos/textos/13200724. pdf [Accessed 02 May 2013]. * Mitchell Van der Zahn, J-L. W. , 2008, ‘Special Issue on: Financial Reporting, Transparency and Corporate Governance: Issues in Volatile International Markets’, International Journal of Accounting, Auditing and Performance Evaluation, Vol. 7, Nos 1/2, pp: 61-93, Available Online at: http://www. inderscience. com/info/ingeneral/cfp. php? id=962 [Accessed 02 May 2013]. * Roberts, J. ‘The Theories behind Corporate Governance’, Having Their Cake website, Available Online at: http://www. havingtheircake. com/content/1_Ideas%20that%20shape%20the%20world/fa ct%20and%20opinion/The%20theories%20behind%20corporate%20governance. lnk [Accessed 02 May 2013]. * Turnbull, S. , 2002, ‘Corporate Governance: Its scope, concerns and theories’, Corporate Governance: An International Review, Volume 5, Issue 4, Available Online at: http://onlinelibrary. wiley. com/doi/10. 1111/1467-8683. 00061/pdf [Accessed 02 May 2013]. * Tricker, R. I. , 2012, ‘Corporate Governance: Principles, Policies and Practices’, Oxford University Press: London, (2012). *

The aim of this piece of coursework is to study tourism and its importance in Britain Essay Example

The aim of this piece of coursework is to study tourism and its importance in Britain Essay Tourism is one way of spending leisure time. It involves visiting places and learning new things from places of different interest and having pleasure all the while. In the last fifty years the demand for tourism has soared. As a result tourism employs about 120 million people world-wide and is one of the worlds fastest growing industries. Today people are becoming much more adventurous in their holiday destinations. People visit other countries instead of just staying in Britain to know more about different cultures and also to enjoy themselves away from work. It is a chance to explore what other countries have to offer. Many tourists visit the Caribbean for a most part of their holidays now because of it various activities and climate. There are lots of things that attract tourism to a place. The climatic conditions of the place, people prefer hot weathers and would rather avoid the wet weather for their holidays. Tourists are also attracted to natural waterfalls, mountains, jungles, wildlife, famous places with collections of history and monuments from earlier civilizations. Others also prefer the coastal areas to relax and hangout within peaceful environments. Families on holidays may also prefer places with facilities for children attract tourism. We will write a custom essay sample on The aim of this piece of coursework is to study tourism and its importance in Britain specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The aim of this piece of coursework is to study tourism and its importance in Britain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The aim of this piece of coursework is to study tourism and its importance in Britain specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also most people travel because there is free time in most jobs where workers can go on leave for a while. Travel is cheap most people can afford even the less rich. The need for people to have a feel of something new and different increases the amount of holiday makers each day. Most popular long-haul destinations for UK holiday makers in the summer was Florida, Caribbean, USA, Central/South America, far east Canada, Kenya, Australia/new Zealand, India, France and South Africa. The above popular destinations have things of interest that attract tourism. The Caribbean, south America, Florida is nearer to the coasts thus having tropical beaches and good climates. Kenya and some parts of South Africa have the safari that draws wildlife lovers. Egypt and the Far East attract tourists with their ancient cities, pyramids and the Great Wall of China. Since 1971 the number of holidays taken by people in Great Britain has increased. More and more of these have been taken abroad and by 2001 20 per cent of holidays taken were outside Great Britain. Also in 1971 56 per cent of the population took at least one holiday and increased to 70 per cent by 2001. The increase in tourism is due to the fact that more people own cars. In 1971 10 million families had no car but by 2001 this figure had fallen to 5 million. The increase in the number of motorways has also made holiday areas easier to get to. So that holidaymakers may only want to spend a day or two in some of the resorts can do so much easier if they own a car and the resort has excellent road links. On SOUTHEND-ON-SEA *is 35 miles from London *has a population over 175,500 with over 3 million day visitors each year *there are 9 railway stations in town from getting to and from London. *south ends famous pier has been cut in half seven times by boats. *the sea froze in February 1927 *there are more restaurants per square mile than in any other town in the country *local rock factory makes more than 5 miles of rock a day *local ice cream factory can make up to 1000 gallons of ice cream in one day. *Over 100 ton of cockles are cooked daily. *Old Kursaal Amusement Park. -Exhibited Eric Whale 1932 50ft long and 65 tons -Owners of the Kursaal purchased and exhibited Al Capones car. *Cunning Munell -The White Wizard of Essex was born in 1780. Tourism in South end on sea Southend contributes a major influence on the growth of tourism in London. It is the nearest seaside resort to London, which is less than an hours drive, or by train only 30 minutes away from Liverpool Street. I am studying Southend to know how its closeness to London helps the place develop as a tourist resort. I will be looking at the history of Southend, attractions, capital investments into Southend and what the resort has done to promote itself, particularly when faced with competition from foreign resorts like Spain or Greece. How has Southend attracted the visitors necessary to make the resort popular? History of South end. Southends name was derived from its location of being at the Southend of Prittlewell. Prittlewell is one of the oldest villages in Essex. The site of Southend was made famous during the Iron Age. The was when the major battle fought between the Danes and King Alfreds Army at Benefleet 7 miles from Southend in 893 A.D as well as in 1016 A.D the battle of Assundun was fought some 7 or 8 miles from the town centre and as a result Canute became King of England. There are two churches still standing that were built circa 1020 A.D and still used today to commemorate the battle. There is also the Hadleigh Castle built on the Hadleigh downs which has an excellent view of the estuary founded in 1220 and rebuilt by King Edward III in 1365. Southend in more recent times became famous as a fishing port and as a healthy place to bathe in the sea. Then efforts were made to create a tourist resort and in 1793 the Royal hotel and Terrace were built for this purpose however it did not succeed until a visit by Princess Charlotte of Wales in 1801 who was advised by her physician to take sea bathing in Southend. Then later on Princess Caroline of Brunswick spent the summer there which led to the resort gaining popularity. The railways in 1864/6 helped to improve communication and the building of the pier became a popular tourist attraction. By building a rail between Southend and London millions of Londoners could now started to have more free leisure time and were wealthy. Tourism during the Victorian Penial grew considerably. After the Second World War about 5 million people visited the resort to enjoy their freedom. Later onwards the resort begun to loose visitors as people were getting more attracted to foreign resorts like Spain. Why visit Southend when for the same money you could fly to Spain and enjoy the hot, dry, sunny weather. Places like Spain became virtual Costas del Blackpool; where British people could enjoy the hot weather of Spain but still feel at home surrounded by other British people, enjoying British food and newspapers. Attractions of South end. Southend has numerous ways of entertaining visitors who come to the resort. It has historical landmarks like the Southend pier which stretches into 1.33 miles into the Thames Estuary. It also has, pubs, Pavilion, RNLI lifeboat, restaurants and organised events held in the summer season like Miss Southend, hold children shows, Brass band competition, Leigh folk festival, Southend carnival week etcetera. There is also the central museum with the history of the area Essex and one of Europes largest free air shows. Southend has over 40 great rides for all ages. It has one of the best theme parks called the Kursaal which was opened in 1901 and is probably the first theme park anywhere which has casinos, 10 pin bowling, and games arcade and displays on its history. The adventure island of Southend is one of the attractions that entertain people of all ages. The theme parks has rides and attraction, including roller coasters, jungle safari, go-karts, dodgems, adventure golf and more, which are, opened everyday with free entrance but it cost money to go on them. There is also the Focal point gallery, which holds photographic, video and digital arts exhibitions. The Southend planetarium holds a number of their live presentations, which is also the only public facility in the southeast outside of London. Other attractions are the Prittlewell Priory Park in the remains of the Cluniac Priory of St Marys, founded in the 12th century and set in a park which displays pictures, murals and EKCO early radios and televisions. The Sea Life Adventure beneath the ocean with colourful marine life native to South end shores. Seaside resorts like Southend have to have many different types of entertainment because if it rains in Southend people must have other attractions to keep the holiday makers happy. Also in London there are many competing tourist attractions so Southend must offer something. Southend has about 1000 number of bed spaces for visitors accommodation with about 17 hotels e.g.: the Tower hotel within walking distance of the Cliffs pavilion, Westcliff casino and South end sea front and the Camelia hotel located in a superb position on sea front at Thorpe Bay commanding unrivalled views of the Thames Estuary a mile from South end on sea, close to both the rail station and the airport with only a 45 minute drive away from London. There is also about 12 guesthouses and less than 10 self catering units. Capital Investments During the 90s South end has had a number of investments to promote their tourism. They have improved lots of their facilities and added new ones giving the resort a whole new level to compete with the growing number of resorts and satisfy the needs of the tourists or exceed their expectations. In 1993 a new attraction called the Sea Life Centre was made costing à ¯Ã‚ ¿Ã‚ ½3million and a refurbishment and extension of the Cliffs pavilion that costed à ¯Ã‚ ¿Ã‚ ½5.5million. In 1994 à ¯Ã‚ ¿Ã‚ ½100 000 was invested in improving the seafront. In 1995 lots of new attractions were made because lots of resorts were developing with modern facilities making the market highly competitive. About à ¯Ã‚ ¿Ã‚ ½15 million was spent in making the Garon leisure park, which had a golf course, driving range, equestrian centre. The kids kingdom costed à ¯Ã‚ ¿Ã‚ ½500 for a new indoor children adventure playground along with a à ¯Ã‚ ¿Ã‚ ½5million on Peter Pans adventure island built around the popular format of a water theme park with a number of rides e.g. Sea Serpent Slider. Then two years was taken to complete the à ¯Ã‚ ¿Ã‚ ½2 million Victoria Plaza shopping scheme and à ¯Ã‚ ¿Ã‚ ½10 million spent on an 8 screen multi-plex cinema. In 1997 and 1998 à ¯Ã‚ ¿Ã‚ ½14 million was invested in a new attraction called the Kursaal, which was an indoor entertainment complex with modern and old style games. South end Physical Geography. Temperature and climate play a very important role in attracting holidaymakers. July is when holidays are taken because it is summer and most people will visit places with a hot or warm climate. Most of the touring are basically outdoors whether sunbathing or looking at places of interests. This is also the time of year when the school holiday start. The amount of rainfall Southend receives yearly is very low which goes to ensure a less wet holiday for holiday makers. People would rather go to South end seaside resort with less rainfall. Southend is located in a part of Britain which is very sunny, dry and hot. This helped to make Southend a popular tourist resort because of the physical advantages of the regions climate. How and why tourism is changing. Tourism is constantly changing because people like to go to familiar places; others also look for somewhere different. The price is also important for people going on different types of holidays. This is a graph of how people change their choice of holiday every 10 years.

Are There Advantages to Private Label Products †Business Essay

Are There Advantages to Private Label Products – Business Essay Free Online Research Papers Are There Advantages to Private Label Products Business Essay There are advantages and disadvantages of private label for consumers, distributers as well as for manufacturers. Manufacturers have lower costs of production and need no advertising, plus they produce larger quantities. Thats why consumers are able to buy under lower prices and consistant quality and they also always find these products for distributers make sure that the shelfs are stocked and also on more prominent displays. Distributers thus have larger profit and with a strong private brand they can draw more traffic. On the other hand, manufacturers need to spend more money on advertising their own brand and thus sell under higher prices to cover these expenses, and they also need to be careful with quality (if they sell lower-quality products under private label, consumers will think their other products are the same). Disadvantage for the distributers are that they have to search for the manufacturers who are willing to produce for their private label, they need to order larger quantities and tie up their capital in invetories, there is always the risk that the product wont be accepted and if they knock out manufacturers brand, consumers have no choice which is a disadvantage for them. So all three have advantages and disadvantages, but I guess there are more advantages, otherwise private labeling wouldnt be so expanded. Research Papers on Are There Advantages to Private Label Products - Business EssayDefinition of Export QuotasMarketing of Lifeboy Soap A Unilever ProductRiordan Manufacturing Production PlanIncorporating Risk and Uncertainty Factor in CapitalGenetic EngineeringBionic Assembly System: A New Concept of SelfAnalysis of Ebay Expanding into AsiaTwilight of the UAWThe Project Managment Office SystemOpen Architechture a white paper

To study the relations between satisfying and dissatisfying factors Research Proposal

To study the relations between satisfying and dissatisfying factors affecting workers' productivity - Research Proposal Example †¢ Identification of satisfying factors that improve the productivity of workforce. †¢ Studying the influence of environment on the nature of factors influencing productivity. †¢ Study of the traditional methods for productivity improvement. †¢ Formulation of a productivity improvement strategy that simultaneously focuses on lessening the dissatisfaction and improving the satisfaction among workers. †¢ Judgment of the validity of the Herzberg’s theory of motivation through results of the strategy. Justification: Productivity is one of the most cardinal concerns in the state of the art business practices. The progress of any organization depends upon the speed of work. Workers’ motivation plays a decisive role in boosting the speed of work because they work at the grass root level. Their productivity is essential for the company’s progress to comply with the schedule. Companies that surpass the deadline make the owners incur great financia l losses. Liquidated damages absorb the profit margin that not only decreases the profitability of business, but also serves as a potential discouragement for the owners. Therefore, workers’ productivity is the key factor that needs to be concentrated upon in order to increase the profitability of a business. ... Various theories of motivation have been proposed, each highlighting a specific aspect of motivation. One such theory is the Herzberg’s motivational theory that emphasizes that workers can only be motivated for work if managers take measures to both satisfy them and remove the factors that dissatisfy them. Such theories are readily being relied upon by both researchers and practitioners. There is a need to check the validity of these theories. This research will check the validity and practical usability of the Herzberg’s theory of motivation by devising a strategy based on it that would focus on improving workers’ motivation for work, and hence their productivity. The research will be very useful for researchers and philosophers that tend to base their proceedings on the Herzberg’s theory of motivation. If the strategic model of productivity enhancement devised in this research brings out positive results, it would not only justify the usability of the He rzberg’ motivation theory, but would also provide the owners with a well developed strategic model of productivity improvement. Review of the literature Various factors influencing the productivity of individuals in the context of work can be success, job satisfaction, desire for money, team work and recognition (Management Study Guide, 2011). Productivity is directly influenced by an individual’s level of satisfaction or dissatisfaction with the job. Job satisfaction is controlled by the employees’ satisfaction with such factors as salary, leave, medical facilities and insurance etc. Various theories of motivation like Maslow’s Hierarchy of Needs, Alderfer’s ERG theory and the Herzberg motivational theory commonly stress upon a need to address workers’ concerns on these factors so that their

Journal Assignment Example | Topics and Well Written Essays - 1000 words

Journal - Assignment Example All that one needs to have are a computer, good internet connectivity and a microphone. The use of podcasts makes possible to share content via the internet to a large number of mp3 players. I have listened to an audio podcast of lady Antebellum album of â€Å"Own The Night† and it is a nice audio album it keeps you really captivated and its very interesting to listen to. Have as well watched Earth breath and it explains how this takes place, and the use of video just fits perfectly for this topic. The difference between podcast for instance broadcast media is that with podcast, there is a variety to listen to and watch, unlike in broadcast radio there is the issues of monotony as the same songs are being repeated over and over again. Another difference is that when one is using podcasts, one does not require waiting till they hear something that they want to here because the user is provided with the option of choosing what exactly to listen to. This is not the case with Broa dcast radio since one listens to what is currently playing and they do not have the option to choose what to listen to, they have to wait till something they are interested in being played. Podcasts are quite easy to create, and most people can create one and use it to share content, music and videos with the world. Podcasts allow for many formats and subjects as the podcasters are not limited by the traditional broadcast formats as well as broadcast regulations. Podcast subjects can range from politics, science, technology, movies, music and many other different subjects. The content in podcasts is very original and new and is created by innovative people who want to share with the world. Podcasts are downloaded automatically into your laptop or computer and synced automatically to your mp3 player. This makes it convenient hence very popular. A podcast aggregator is a software program used when one is subscribing to a podcast and when one wants to receive podcasts. Podcasts keep yo u in control in that you can actually delete a podcast when you want, you can pause it, you can rewind it, you can replay it as much as you like and you can store it wherever you feel like. Once also has the option of listening the podcast on their laptops or personal computers, they can also burn the podcast in compact discs as well as move it to once mp3 player. One can download as many podcasts as they like there is no limitation and it is not limited to specific media players its compatible. Listening to a radio for instance is not interesting as the relevant corporations control what to listen to and at what time. With streaming content, one is tied to their pc, and it has to have good internet connection. The advantage with a podcast is that you can carry it wherever you are going. With the podcasts that I have watched and listened to i have discovered that it is advisable to use videos for giving directions or instructions on how to go about something. The audio podcasts are suited better for communicating important or useful ideas as well as concepts to a persons’ audience. RSS Feeds Ways to add an RSS Feed was that one can type the RSS feed URL in the field provide don their browser then click on the "Add" button. One can also subscribe to the RSS Feed which will enable them to get automatic updates on the information in the sites they are following. RSS refers to