Internet Content and Views by Different Cultures or Religions Essay

Internet Content and Views by Different Cultures or Religions - Essay Example Through communication, certain social units develop unique habits, rituals, and customs. Religion, on the other hand, deals more with the spirituality and, sometimes morality of human beings. The difference in culture and religion throughout the world means that internet content may vary from one region to the other (Featherstone, 1990).In oppressive governments such as that of Iran, internet content is controlled by the state. Due to the tight bond of this country with Islamic culture and Islam, internet content related to Western culture has been completely censored. This is because their religion does not allow nudity and vulgar language. However, in the free world internet, content is not controlled and almost anything can be found on the internet (Hongladarom, 1999).In conclusion, I would like to say that various cultures and religions greatly influence the views of society on internet content. This is mainly because of the difference in beliefs. However, one thing is for sure, the internet is the greatest invention of the 20th century and has led to the betterment of life in society (Weinberg, June 2003).

Sport And Aggressive Behavior Essay -- essays research papers fc

Sports and Aggressive Behavior Sport and aggressive behavior, Do sports create aggressive behavior, or simply attract people who are already aggressive? Aggression and sport have gone together as long as sports have been around, be it the players themselves, to the parents, coaches, or spectators, they just seem to be an inseparable part of each other. The term violence is defined as physical assault based on total disregard for the well being of self and others, or the intent to injure another person (2. Coakley). Intimidation usually does not cause physical harm, but often is designed to produce psychological consequences, enabling one person to physically over power or dominate another. These statements as defined by the author, Jay J. Coakley, is what people today have made a must part on sport. Pleasure and participation sports absolutely cannot be grouped with power and performance sports when in relation to aggression. Pleasure sports are simply played for pleasure. Score is usually not kept. The athletes p articipating are usually on occasion doing it for fun and exercise. A majority of athletes who have been playing sports since they were little, have probably been pounded into their heads that to be successful in sport, you need to be aggressive, and at some times, unnecessary. Also that to get what you want, you have to go at it with all force. Not that this is wrong but, this attitude in today's society has been a major problem factor to the athletes when they get older, to get into trouble with the law. Those long-term effects of so-called discipline, patterns develop these destructive behaviors. (9. Montague) Although some people are still in belief that aggressive behaviors in all forms are grounded into instincts, but they also relate these actions to sports. Their parents played, who were known for their aggressive behavior, so the child feels that they have to live up to that expectation.( 6. Storr) Athletes do have to be aggressive to a point, so that the team can form a st rategy to win. There is also a limit to aggression when it turns into violence. People might say that it's not aggression or violence, its just adrenaline pumping. Adrenaline isn't even similar to violence. Aggression, maybe, but nothing that would be harmful to anyone else. This might be a factor to why contact sports are so popular. For example, football, hockey, rugb... ...o suffer by an outcome that nobody wants to see, doing away with sports in general. Bibliography 1.  Ã‚  Ã‚  Ã‚  Ã‚  Aggression and Violence, social interactionists perspectives. , Richard B. Felson and James T. Tedeschi 1993 2.  Ã‚  Ã‚  Ã‚  Ã‚  Sport in Society, Issues and Controversies 6th edition, Jay J. Coakley 1998 3.  Ã‚  Ã‚  Ã‚  Ã‚  Anger, Madness, and the Daimaonic; the pyschologists genesis of Violence, evil and creativitiy. Stephen A. Diamond 1996 4.  Ã‚  Ã‚  Ã‚  Ã‚  A History of Aggression Freud, Paul E. Stepansky 1977 5.  Ã‚  Ã‚  Ã‚  Ã‚  Violent Men; an inquiry into the pychology of violence, Hans Toch 1969 6.  Ã‚  Ã‚  Ã‚  Ã‚  Human Aggression, Anthony Storr 1968 7.  Ã‚  Ã‚  Ã‚  Ã‚  The Creation of Deviance, Interpersonal and organized determinants, Richard Hawkins, Gary Fredman, 1975 8.  Ã‚  Ã‚  Ã‚  Ã‚  Power and Innocence, Rollo May 1972 9.  Ã‚  Ã‚  Ã‚  Ã‚  Man and Aggression, Ashley Montague 1968 10.  Ã‚  Ã‚  Ã‚  Ã‚  Adolescents and their Families, Paths of Ego Development, Stuart T. Hauser, Sally I. Powers, Gil G. Noam 1991

Northern Rock Plc

Northern Rock Plc Contents Page 1Report2 1. 1Audit Committee and Auditors2 1. 2Experience:4 2Comparison5 2. 1Chief Executive and Chairman5 2. 2Audit Committee5 2. 3Risk Management Committee6 2. 4Remuneration & Nominations Committee6 3Chance of another failure6 4Conclusion:8 5References8 Report In this report I am going to highlight the weaknesses in the corporate governance code of Northern Rock that lead to its downfall. Audit Committee and AuditorsAccording to the UK Corporate governance code the board should set up formal and obvious arrangements bearing in mind how to apply the corporate reporting internal control, and risk management rules for keeping the right relationship with the company`s auditors. The board should make up an audit committee of at least three non executive directors in the case of smaller companies at least two NEDs. The chairman can be a member in smaller companies but cannot chair the committee unless he or she was considered independent on appointment as chairman.The board should make sure that at least one the member should have recent and relevant experience in the audit committee. The board’s responsibilities are to lay out all the terms in writing and monitor the financial statement of the company, to review the financial performance and reporting. It should also review internal financial control, risk management system if not in place separately to check the effectiveness and internal function of internal audit.The board should also be review and monitor the external auditors work their appointments and re appointments, their remunerations, and more importantly the non audit services should be checked very closely. In the case of Northern rock the board and the audit committee failed to implement the above mentioned guidelines. In July 2007 the chief executive published on the website that operationally Northern rock’s first half of 2007 was a good one. He mentioned that mortgage lending in particular was strong.I f that was the case then how did Northern Rock end up being nationalised in just over 7 months? Was someone checking and verifying the statements of the chief executive. The external auditor’s complacency was another issue. In their report of 2006 they gave a clean bill of health. This was later investigated by the House of Lords economic affairs committee which found that the auditors had performed their job carelessly. An effective audit committee could have spotted these problems well in advance.The reason for PWC’s complacency might either be because of the presence of Rosemary Radcliffe on the audit committee who was previously a partner of PWC or maybe they were providing other non audit services to the company and did not want to upset the board. As per the corporate governance code the number of audit committee’s members was according to the code but none of the NEDs had any financial experience. Nichola Pease had experience of fund management but not in the banking industry even that experience was not a recent one as required by the code.It seems that at Northern Rock the audit and risk committees were not taken very seriously as Rosemary Radcliffe only attended two out of four audit committee and one out of three risk committee meetings. Experience: Northern Rock appointed a Senior Independent Director with over half the board being non-executive directors- following the combined code 2 and Basel 2 recommendations. However none of the directors were experienced enough in the field of banking not even building society.This in fact does not support the idea of having good corporate governance as it does not ensure failure or success. The above factors raised questions as to why the company’s shareholders did not question the risky business model or was it because of outstanding profits seen as the reward for taking such risk. The remuneration committee can also be held responsible for the failure as both the chief executive and the company took on the gamble for the high risks which in turn questions the values of the shareholder and executive. As mentioned above there were so many factors involved . i. e. he lack of experience, the chairman of the board and nominations committee Dr Ridley had no prior financial experience and even the subject that he has studied is far different to the role he was responsible for. The other four non executive directors Fenwick, Gibson, Pease and Queen also did not have recent relevant experience. Sir Derek Wanless with a good education background but unfortunately with some negative history while working in NatWest where he got paid ? 3M having lead a disastrous acquisition strategy. If the company was aware of the history then why was he appointed as a chairman of the Audit and risk committee?All of the above points indicate that it was really poor corporate governance in place which neither of the committee paid attention or lack their experience in the case of chi ef executive`s appointment cannot be said that much as he was internally promoted it is sometimes good so he knew about the company from scratch to the top but in some case it is better to have an experience person from a different companies so that they can bring new ideas and innovation. The audit committee had to review what they have been there for the monitoring of the internal financial control, the services, remuneration, re appointments of the external auditors.If the corporate governance were strong in the company there would not be any mis representation of the financial reporting neither by the chief executive nor by the external auditors and also they would have known the consequence of the failure before it had happened. Comparison In this question I am going to compare the governance arrangements noted in the case study with the current version of the UK corporate Governance code. Northern rock had applied most of the governance code but there were some weaknesses in s ome of the areas. Chief Executive and ChairmanAs per the UK governance code the chief executive and the chairman should be separate, their re-appointment and remuneration will have to be approved by the board. In Northern Rock the above codes were applied properly. Chief executive and chairman were two different individuals and their appointment and re appointment were also approved by the board. Audit Committee As mentioned above Northern Rock’s audit committee failed to comply with the UK Corporate Governance code on more than one count which led to the auditors not performing their job properly. Audit committee should act as a watch dog in an organisation.Risk Management Committee UK corporate governance says that the board should conduct a review of the risk management committee’s effectiveness at least on a yearly basis. The review should cover almost everything including financial, operational and compliance controls and should be presented to the shareholders. L ooking at the timeline of collapse of Northern Rock it seems that the risk committee was not very effective in identifying risks faced by the organisation and hence failed to perform its duty properly which led to the collapse of UK’s 5th largest lender in within one year.Remuneration & Nominations Committee According to the UK corporate governance code the company should have a remuneration and a nomination committee which should determine the salaries of the board members and should nominate suitable individuals for appointment. The nomination committee should be made up of non executive directors who should be independent members of the committee. The chair or non executive director should chair the committee but he or she should not chair the committee when appointing the successor to the chairmanship.The committee should also evaluate the skills, experience and knowledge of the candidate when making recommendations. It seems that northern rock’s nomination committ ee failed in doing their job properly according to the UK corporate governance code. If they had fulfilled the above requirements in accordance to the UK code then the inexperience of the NEDs would have not been an issue. Chance of another failure Generally, organisations with relatively poor governance don’t succeed as uch as those with high standard corporate governance aided by investors. Northern Rock proved this statement when worries about corporate governance resulted in poor performance. This came about 4 years before it was nationalised when shareholders were concerned in the kind of bonuses which were being paid to executives. This develops another understanding about the theory that governance drives performance rather than performance driving governance. Non-executives improve performance and the balance between executives and non-executives is very vital.Considering both the internal and external factors affecting the failure of northern rock it was mainly cause d due to its internal disability of managing crisis. It was the very flawed legal regulation and the poor corporate governance of Northern Rock that let itself down during the tough mortgage crisis in the US. The business model of the company worked for a number of years but despite the risk involved the non-executive directors cared less of the actual risks to the company’s model.Lesson can be learnt from the Northern Rock fiasco by other businesses regardless of their size or profitability. If any business does not implement the corporate governance codes properly they are guaranteed to have problems sooner or later. Similar failure happened to the fourth largest American bank Lehman brothers due to poor corporate governance as their systems were very weak. The key areas of the failure were Corporate risk management, Board of directors, remuneration committee and nomination committee.The board of directors included nine retired four of them 75 years old one a theatre produc er and another navy admiral with no banking industry experience. In the board of directors the directors were paid well for their work each in the range $325,000 to $397,000 even after getting high return from the company they were not seriously taking care of the company due to having other responsibilities. Their risk management were also a failure because their executive committee the CRO and the CFO meeting were every week but instead they meet only twice in both 2006 and 2007 which was very outrageous.The failure of the remuneration committee was that only $1 billion were paid in cash bonuses in just matter of 8years which is a big failure. Other than that $500 million was paid to the chairman. Out of the ten board member four of them were 75 years old and only one had the recent knowledge of financial sector. If in the future any other bank or business will not make their corporate governance strong I am afraid there will be more cases like in the future. Conclusion: After all I have mentioned above it was a poor corporate governance that led the bank to failure.Northern rock had all sort of weaknesses in their corporate governance code it will be a good lesson for the other banks to learn if they have any sort of weaknesses in their corporate governance they should amend those before it will be too late. References 1. Treanor, J. (2008). Poor governance reduces profits, says ABI. Available: http://www. guardian. co. uk/business/2008/feb/27/executivesalaries. insurance. Last accessed 09 Feb 2013. 2. Roman A. Tomasic . (2009). Corporate Rescue, Governance and Risk Taking – Northern Rock and Its International Context.Available: http://papers. ssrn. com/sol3/papers. cfm? abstract_id=1417953. Last accessed 09 Feb 2013. 3. The Financial Reporting council. (2012). The UK Corporate Governance Code. Available: http://www. frc. org. uk/Our-Work/Publications/Corporate-Governance/UK- Corporate-Governance-Code-September-2012. aspx. Last accessed 09 Feb 2013. 4. Agha, M G and Qatinah, A. (). Lehman Brothers and Corporate Governance Failure. Available: http://www. slideshare. net/adnanqatinah1/lehman-brothers-case-study2. Last accessed 09 Feb 2013.

Social Interaction Via New Social Media Essay - 955 Words

Eileen Fischer and Rebecca Reuber (2011) in the article â€Å"Social Interaction via New Social Media: (How) Can Interactions on Twitter Affect Effectual Thinking and Behavior† talk about the role of Twitter in the effectuation process. The authors attempt to find out the impacts of Twitter on entrepreneurs who interact via the social site. The authors of the article investigate how effectuation processes are affected when entrepreneurs adopt Twitter in their business operations. According to the authors (2011) the use of Twitter in social interaction affects the effectual thinking and behavior of entrepreneurs. They also assert that interactions over Twitter can result in effectual understanding but the intensive use of interaction can cause effectual agitation. Additionally, Fischer and Reuber (2011) propose that perceived time affordability can be used to predict the extent to which entrepreneurs interact through Twitter. They also suggest that outcomes of these interaction s are controlled by norm adherence and orientation. The article’s central theme focuses on the use of Twitter by entrepreneurs and the question is the effect of Twitter interactions on effectual entrepreneurial thinking and action. In this article, the authors use an inductive theory-building methodology to develop suggestions related to how the effectuation process is affected during entrepreneur use of Twitter. The methodology used in the study produced findings that support theShow MoreRelatedSocial Networking: Is it Good for our Society?700 Words   |  3 PagesSocial Networking: Is it Good for our Society? In July 2012, Americans spent a total of 121.1 billion minutes on social networking sites (procon.org). Social networking has become a big part of people’s lives today. 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