Steroids Essay Example Essay Example

Steroids Essay Example Paper Steroids Essay Introduction There is a huge national concern over the misuse and abuse of anabolic steroids for enhancement of muscular stature and performance among competitive athletes. Latest estimates have shown that approximately 5% of all high school students have used anabolic steroids, with almost half of the high students believing that these drugs are not harmful to their health. Drug enforcement legislations have included anabolic steroids in its list of traffic-controlled substances (21 USC Sec. 801 1/22/02; Schedule III). However, the bigger picture of the medical and research benefits of anabolic drugs have been overlooked due to the sensationalize media coverage of these drugs. Current scientific researches are still inconclusive on whether anabolic steroids are extremely unsafe for administration, opposite to what has been actively claimed by anti-drug officials and government authorities.The Anabolic Steroid Control Act of 1990 (ASCA) was established to regulate the distribution of anabolic ste roids in the United States. The Drug Enforcement Administration of the U.S. Department of Justice has been mandated to implement measures to protect the people from these dangerous drugs. A four-part definition of anabolic steroids serves as a blueprint to identify any analogues of the chemical substance that may be uncontrollably dispensed to athletes and other youths. The definition included substances that are chemically and pharmacologically similar to testosterone, estrogen, progesterone, as well as a very close likeness in its enhancement for muscle growth. The Act classified anabolic steroids in the same category as barbiturates and LSD precursors and claim that these substances result in dangerous effects to the human body. The Act declares that any individual caught in the possession of these anabolic steroids will be arrested and prosecuted. The list of anabolic steroids in the Act is continuously being updated, as new versions of these drugs are progressively being create d through the years.Anabolic androgenic steroids are testosterone derivatives that are mainly used for muscle and performance enhancement. These drugs are frequently used by competitive athletes in order to achieve an edge or better control of their physical strength and performance during professional sports games. Retrospective surveys indicated that anabolic steroids have been used since the 1960s to date (Duchaine, 1983), with current national user rates ranging from 3% to 9% among high school students alone. The exact effect of anabolic steroids in the developing human body has not been fully studied, and the increase in number of reports of teenage athletes committing suicide has called the attention of the legislation to assess and review drug enforcement laws covering this specific drug.It has been reported that the prolonged use of anabolic steroids have may cause a number of adverse effects to the human body, including liver damage, gynecomastia, atherogenesis, psychiatric disorders such as aggression and violence, and even death (Balbigian, 2001; Brower, 2002; Glazer, 1991; Pope and Katz, 1990; Malone et al. 1995). Investigations on the nationwide use of anabolic steroids have prompted Congress to establish the Anabolic Steroid Control Act of 1990, which mainly indicates that the non-medical employment of anabolic steroids is punishable by law. Any violations will be penalized by at least 15 days to 5 years imprisonment and/or $1,000 to $1,000,000 fine, depending on the extent of the violation. So far, the general public has supported the Anabolic Steroid Control Act, mostly due to the massive and militant media coverage of the topic.The Anabolic Steroid Control Act of 1990 classified anabolic steroids as any drug or substance related to testosterone and used for muscle growth increase. They are Schedule III of controlled substances. The Anabolic Steroid Control Act of 2004 amendment added hormone precursors such as androstenedione and androstenedio l as controlled substances without a prescription. Most anabolic steroids used in the United States come through the black market from other countries. Even though sources may state the steroids are made by pharmacists and physicians, no one actually knows who produced them or how they were produced. Some were produced in non-sterile environments while others may be for the use of animals but sold for human use. Production of steroids sold illegally may have substitutions or other problems which can cause the contents to be dangerous — even lethal. Many sold via the internet are fake steroids which have contained cooking oil or toxic substances that produced methanol and/or blood poisoning. Incorrect packaged doses and tampering of the product can also be suspected. Since some users use more than one steroid at a time, dangers of consuming bad substances is increased. You don’t know how some of those ingredients will react together.Some research indicates anabolic ster oid use may lead users to other illegal and/or legal drugs to counteract some of the side effects, especially for insomnia. There is a limited amount of research and studies in this area. A list of possible physical and psychological side-effects of anabolic steroid use has been reported. These include coronary heart disease, which specifically increases the thickness and enlargement of the left ventricle. Another side-effect is the decreased size of the user’s testicles, as well as the experience of immunodeficiencies. The athlete who has taken anabolic steroids will also feel invincible and will actually show an aggressive behavior. It has been reported the Hitler historically used anabolic steroids during World War II in order to increase his aggressiveness towards his troops. In terms of damage to human health, anabolic steroids destroy the liver as well as transform connective tissues to a condition that these are easily injured or torn.Adolescents taking anabolic steroi ds have been reported to show stunted growth and suffer from blood clots and insomnia or unusual sleep patterns. In terms of the effects of anabolic steroid on an individual’s blood chemistry, there are reported that a user will experience an elevated LDL cholesterol level as well as a lowering of HDL cholesterol level. Interestingly, adults taking anabolic steroids experience moderate to severe acne because anabolic steroids influence changes in his endocrine system. An anabolic steroid user also faces the chance of acquiring prostate cancer at an earlier age. Certain male anabolic steroid users observe that their breasts start developing and some users experience temporary to permanent infertility. Other users have stimulated appetites, psychoses and mood swings. Increasing the dosage and combining steroids also increases risks of possible side effects. Some side effects can be reversed after stoppage of steroid use and other effects cannot be reversed. It should be noted t hat the results of side effects may take months or years before they are apparent — even after the individual has stopped using them. Recent evidence indicates withdrawal symptoms occur in long-term users who stop using anabolic steroids.However, the actual negative effects of the use of anabolic steroidal drugs have not been comprehensively investigated to date, and that the reports that have been disclosed in the media have been isolated cases picked out from millions of cases of teenage users around the United States. Scientifically, the adverse effects from the prolonged use of anabolic steroids remain inconclusive to date, and in actuality, anabolic steroid use has been shown to be beneficial in the treatment of medical disorders. In one report, it has lately been determined that the effect of an anabolic steroid to the treatment of weight loss in human immunodeficiency virus (HIV)-infected patients is equivalently effective and safe as compared to the commonly administe red recombinant growth hormone that has been approved by the Food and Drug Administration (Storer et al. 2005). In another scenario, the administration of an anabolic steroid has been beneficial in prostate cancer patients by preventing further migration of prostate cancer cells to other parts of the body (Guerini et al. 2005). The anabolic steroid oxandrolone has been successfully used in the treatment of muscle loss in patients diagnosed with Duchenne muscular dystrophy and may be a potential powerful candidate for general treatment of such types of patients (Balagopal et al. 2006).Scientific research shows that anabolic steroids provide more beneficial effects than what has been claimed by legislation as serious, adverse effects to the human body. More so, the negative reports that have associated with the use of anabolic steroids have not been investigated scientifically and have only achieved much attention through the help of media and press coverage. Therefore, it is imperati ve that the legislative bodies review the restrictions associated with the Anabolic Steroid Control Act of 1990 and fully determine the actual effects of anabolic steroid intake. It is regretful to know that there are other drugs and activities that are much more deleterious or harmful to people but are not actively controlled by the Senate, including smoking, cosmetic surgery and over-the-counter drugs such as aspirin and ibuprofen, which has caused even more cases of deaths and hospitalizations that anabolic steroids.Based on the above information on the current status, knowledge and use of anabolic steroids, several advocacy groups have proposed that anabolic steroids be legalized for use in the United States. In turn, these groups emphasize the need for further scientific research to determine the mechanisms of action of each type of anabolic drug to gain a better understanding of its indications and contraindications. There should be a comprehensive survey on the frequency of u se of anabolic steroids across the human population, with stratified categories of users such as teenage athletes, geriatric patients, cancer patients, and so on. Any cases that report any adverse effect from use of anabolic steroids should be properly documented and analyzed. Should there be sufficient reason that anabolic steroids be stopped from circulation in the community, these advocacy groups are willing to review these effects once significant information has been gathered from reliable reports.; Steroids Essay Thank you for reading this Sample!

The Vikings essays

The Vikings essays Vikings, the term is given to a race of Scandinavian people who raided and settled in large areas of eastern and Western Europe during a period of Scandinavian expansion from about 800 to 1100. The term came from an old English word wic, which is a derivation from a Latin word meaning trading-place but for the people of the medieval age the term was used as synonym for barbarian paganism. The Vikings were an amazing race of people who immigrated and fought to survive. They originated from Norway, Sweden and Denmark. These three main groups of Vikings expanded through out Europe, but the ones this topic are interested in are the Danish and Norwegian Vikings who settled in Northern and Eastern Europe. These Scandinavians moved to find new lands, mainly because of overpopulation and scarcity. The Danish Vikings had an enormous impact on Britain and most of Charlemagnes empire, which was mainly France. They practically changed the culture with their art and craftsmanship; they influenced the language and government, with an idea of justice. They improved the European warfare with their famous boats. Vikings have influenced Europe in so many ways that it is hard to believe that the 18th Century idea that they were bloodthirsty warmongers was true. The idea of the fierce warrior was brought up when a group of Norsemen attacked a monastery on the island of Lindesfarne. A surviving monk wrote and account of the raid afterwards. "The same year the heathens arrived from the north to Brittany with a fleet of ships. They were like stinging wasps, and they spread in all directions like horrible wolves, wrecking, robbing, shattering and killing not only animals but also priests, monks and nuns. They came to the church of Lindesfarne, slayed everything alive, dug up the altars and took all the treasures of the holy church". The Norsemen probably picked churches and monasteries probably because they ha...

Martin Luther King College Essay Example | Topics and Well Written Essays - 1000 words

Martin Luther King College - Essay Example stood by the steps of the Lincoln Memorial in Washington, D.C. Much to the knowledge of everyone, he delivered what is regarded as one of the greatest speeches in American history. King himself seemed to sense the historic importance of the moment as he opened his "I Have a Dream" speech by calling the March on Washington for Jobs and Freedom "the greatest demonstration for freedom in the history of our nation." The landmark protest, which drew more than 200,000 people, announced a turning point in the civil rights movement and set the stage for the movement's two most important legislative achievements, the Civil Rights Act of 1964 and the Voting Rights Act of 1965 (Microsoft Encarta 2005). It is interesting to speculate on what the course of American history might have been, if Martin Luther King, Jr. had not gone to Montgomery, Alabama in 1954. But he did go, and the America he had grown up in was forever changed. The historic bus boycott that began there in late 1955 brought him national recognition and triggered a decade of direct-action protest that permanently altered the status of black Americans. Andrew Young once said that Rosa Parks thrust greatness upon King. Rosa Parks is a leading member of the local branch of the National Association for the Advancement of Colored People (NAACP), who was famous for her refusal to give her bus seat to a white man. Certainly she shaped the setting in which he emerged as a national figure and challenged him to translate his theory of nonviolence into practice. King had no intention of initiating a major campaign in Montgomery, but Mrs. Parks' refusal to yield her bus seat to a white man on December 1, 1955 forced the first s erious test of King's willingness to undergo personal sacrifice for the sake of Negro freedom. She has never claimed much credit for what happened in Montgomery, but Rosa Parks' action was a catalyst in King's rise to prominence and the emergence of the southern civil rights movement that dominated American social history for a decade (SCLC/NH, National Conventions, 1980). Local leaders of the NAACP, especially Edgar D. Nixon, recognized that the arrest of the popular and highly respected Parks was the event that could rally local blacks to a bus protest. Nixonalsobelievedthat a citywide protest should be led by someone who could unify the community. Unlike Nixon and other leaders in Montgomery's black community, the recently arrived King had no enemies. Furthermore, Nixon saw King's public-speaking gifts as great assets in the battle for black civil rights in Montgomery. King was soon chosen as president of the Montgomery Improvement Association (MIA), the organization that directed the bus boycott. By the time the Supreme Court upheld the lower court decision in November 1956, King prominence elevated him to become leading black national figure. His memoir of the bus boycott, Stride Toward Freedom (1958), provided a thoughtful account of that experience and further extended King's national influence. Another important contribution of King is the Southern Christian Leadership Conference (SCLC), an organization of black churches and ministers that aimed to challenge racial segregation. As SCLC's president, King became the organization's dominant personality and its primary intellectual

Financial Modeling Of Value At Risk Portfolio Essay

Financial Modeling Of Value At Risk Portfolio - Essay Example The report is carried out on a 260-day value-at-risk (VAR) of the portfolio of the shares used to make the report. The shares have been analyzed on a daily basis, to normalize the matching volumes of the traded shares. Various plans, methods and project formulae have been utilized to consider the application to be obtained for a determining process. The data used in the analysis uses closing prices to depict how the entire analysis and procedural VBA analysis operates. The shares and dividends depicted in the data are collected from open sources that have been computerized and processed. Nevertheless, some of the information is slightly corrected in order to evade troubles cause by missing data in the analyzed time, share and stock trades patterns. Additionally, the data has been decreased to the industrial shares and stock trading. The data analysis will have a function at the opening part of non-changed stock market data that creates a stable statistical distribution. The methodolo gies used in this data analysis include stimulation employed in the Brownian motion concept, the analytic method of the VAR concept, the Monte Carlo concept, a historical analysis and non-parametric technique. The outline of the remaining sections of the analysis include a background analysis of the data sample, analytic VAR, Monte Carlo VAR, historical analysis and discussion section. The congruence model has put several considerations into deep concentration. These are the inputs, the components of an organization and the outputs of the organization, defining each of these components intensively. The inputs of an organization have been classified into three main categories, and an additional derivative input has been added. These are; the Environment related inputs, resources and organizational history inputs. The derivative input outlined by the model is strategy, as it determines the functionality, productivity and interrelation of the rest of the inputs (Charnes, 2011, p. 142). An organization has been broadly categorized into four key components which are the task, the individual, formal organization arrangements and relationships as well as information organizational aspects, such as leadership skills. From the components, the model has covered the outputs of an organization, which will be the core focus of our analysis. The outputs have been categorized into three main classes, which include Individual output, Group output and organizational output (Charnes, 2011, p. 142). Using the model, this paper will analyze a company outlining the various issues pertaining to the organization and the extent to which the organization has achieved efficiency as defined by the model and the creators. Table of summary statistics for each of your shares individually B(t) A(t) time Path 1 Path 2 Path 3 time Path 1 Path 2 Path 3 0 0 0 0 0 10 10 10 1 -1.5556 -0.8799 0.7468 1 9.5833 9.7860 10.2740 2 -2.6548 -0.1507 -0.8768 2 9.3036 10.0548 9.8370 3 -5.0247 0.0467 -1.8954 3 8.6426 10.1640 9.5814 4 -4.0943 -0.5172 -1.1894 4 8.9717 10.0448 9.8432 5 -3.9233 -1.2864 0.0331 5 9.0730 9.8641 10.2599 6 -1.1964 -1.1685 0.2872 6

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.