Separation of Ownership and Control in the US and EU and its Essay

Separation of Ownership and Control in the US and EU and its Implications - Essay Example It is seen that a weak owner leads to a strong manager where agency problem arises due to entrenched managers and dispersed shareholding. Conflict of interests is an important aspect that corporate governance addresses to. The separation of ownership that is the shareholders and control that is the management gives rise to agency issues. This separation is usually seen in firms where the shareholding is dispersed. Agency conflicts arise when the ideal situation isn’t achieved and the managers prefer their interest over shareholder’s interest. Agent principal relationship is governed by the agency costs that the principal incurs to align the interest of his agent with that of his own. Corporate governance deals with the minimization of the conflict of interests in the organization. Proper incentives linkage to the remuneration can help prevent the conflict of interests and align the interests of managers and shareholders. Stock option plans can be a good way to make inte rests common because the managers become the shareholders and put in the efforts to increase the wealth of the shareholders. Another option could be the board of directors, as they have the power to dictate decisions in the organization and control the company, they can serve as a solution to align the interest of both. Stock options have proved to be quite efficient it the linked remunerations to the shareholder's interest can also induce the managers to act dishonestly and adopt a short-term behavior because of quarterly disclosures.  

Family life in the Mauritius

Family life in the Mauritius Mauritius has seen tremendous changes during the past few decades in the socio-economic environment. Globalisation and technological changes have also opened new avenues to Mauritians which were previously unavailable to them. It is becoming a society where women are coming out of the private spheres of the home into the public sphere of the economy and politics. Nevertheless while having adapted to the new economic opportunities, there has been an increase in the participation of women in the formal wage. The proportions of women in workforce in Mauritius from year 2009-2012 have increased considerably from 18,500 to 191,600 (Economic Social Indicators, statistics Mauritius). Women have benefited significantly from the upgrading of their economic status but at the same time have succumbed to stresses and strains of coping with their new roles in the new age society. Moreover, The White Paper on Women in Development emphasises on the increasing employment of women in the labour market and the greater sense of individuality and how freedom felt by women themselves have brought about positive development. Such being the case, it is too much of a glorification to say that this reflects the changing roles of women in the Mauritian society. 1.2 Womans triple role within the family Women play a very crucial role within the family and the society. They are the pillar of the house and they accordingly contribute in sustaining the family. Thus, women are associated with the triple role of productive (work outside the home), reproductive which is related to household tasks associated with children and family and community management. In the same context, Dunscombe and Marsden (1995) stated that women in paid employment bear the burden of working a triple shift. 1.3 Changing functions of the family Modernization and industrialization have brought about the breakdown of the extended family to the emergence of the nuclear family, where families are more independent and there is less contact with kins. Nowadays, another form of family which is becoming very popular with the rising rate of divorce is the single-parent family. The past two- decades have brought a great increase in the number of families with responsibilities both at work and at home. Nowadays, single-parents, working women and dual-earner couples are heavily involved in parenting (Carnier et al., 2004). Therefore, today families are stressed by the pressure of work, family and community demands. It is argued that the family in industrial society is losing many of its functions. Sociologist like Fletcher (2000) claims that, the familys functions have increased in detail and importance. The role of the family has changed from a producer to a consumer. Goods and services are increasingly being bought and consumed houses, cars, furniture and education. Hence, the highly materialistic world demands that both husband and wife go out to work. The controversy is that women would then contribute to the family budget while men would not contribute to the household work. The result is that less time is spent in the family. At times, children are unattended and social problems crop up leading to instability and turbulence in the family. 1.4 Changing status of women across times The main thing today is that there has been a gradual improvement in the status of women. They have indeed achieved more political equality with men and they have equal rights in education. Most types of job are suitable for women today. Equal opportunity act has helped discard discrimination. The Economic Miracle of Mauritius is largely dependent on the growth of the manufacturing sector which was introduced in 1970s. It has been the main engine of economic development in Mauritius and has absorbed large numbers of unemployed labour. The traditional women who were uneducated represented a fundamental pool of labour for the industrialists. The new economic leverage has welcomed the earning of second salary amidst the family. Everyone at all levels of society is becoming aware of the stress families face these days so as to struggle to balance their responsibilities at home and at work. This is evidenced from the fact that too often families have to choose between the demands of work and family, elderly parents and relatives. In Mauritius the two demographic trends in the increase participation rates for working mothers and dual-career couples have a profound effect on the spheres of work and family. It is generally recognized that the extensive pressure arising from work environment and from family environment can produce high-levels of work-family conflict for many employees. In brief, development is good for any country but at the same time it has added extra burden on women particularly balancing the conflicting demands of family life and career. 1.5 Functionalist perspectives on work and family According to functionalist, families are living in a post modern way of living which is very good for the society as they prefer not to have children because of their career and some prefer to stay-single and they are going according to the needs of the society. P and B Bergers argue that the bourgeois family already teaches children what the society want for instance, strict moral values and value economic success. E.Leach (1996) argues that the Nuclear family is stressed. They are exploited by the capitalist and they are alienated; they work because they have no choice. Family are nowadays privatized, they do not want people to know what is happening in their yard. 1.6 Problem statement It is principally through the family that social values and knowledge are transmitted from generation to generation and hence this reinforces the social fabrics. Like any other country, the Mauritians Government is playing a fundamental role in trying to maintain the balance between work and family life. If the family is stable, this will have a direct impact on the society and hence on the country. On one hand, the family life in Mauritius is being eroded in the face of the demands of work and increasingly long hours in at work. Practically, many members of the Mauritian family return home after work at different times and the traditional family meals that were customary in the past, are now reserved for weekends. Many parents strive to find time to spend with their children during the working week. The twin pressures of work and family life are raising stress levels within the home and creating much pressure. Parents are struggling to fit all their chores into shorter time frames because of lack of time. Due, to the constraint of time imposed by work schedule, various social problems have cropped up. Infact there is increasing divorce rate (0.47 per 1000 people) and going by this, it is assumed that children are having recourse to drug, alcohol and cigarette smoking. On the other hand, despite the so called equality of sexes advocated by feminists, it is seen that the responsibility of looking after the family relies mostly on women. Hence, housework and looking after children remain predominantly womens work. Womens works have been marginalised throughout the history. Women are more likely to concentrate on their work than family. Therefore, family being a basic institution it is very necessary to know what is causing the breakdown of the family, how children are able cope with it and its negative effects on children especially adolescents. 1.7 Aim This project aims to make an assessment on the impact of the relationship between work and the situation of children within the modern family. 1.8 Objectives To probe into different occupational sectors in Mauritius to measure the impact of work on family life balance; To see whether women are able to handle their triple role within the modern family; To see whether the notion of family being functional in the society as advocated by functionalist really stand in the Mauritian society, To see whether children belonging to single-parent families more affected than other children; Find out respondents views on does social problems like Juvenile Delinquencies are occurring due to lack of supervision of parents in the modern family; and Propose findings and solutions.

Hypocrisy of Mr. Garner and Mr. Bodwin in Toni Morrisons Beloved Essay

The Hypocrisy of Mr. Garner and Mr. Bodwin in Toni Morrison's Beloved   In Toni Morrison's novel Beloved, both Mr. Garner and Mr. Bodwin are presented initially as decent men, with views on the black race that differ from all the rest of the white men in the book. The readers first impression of each of these men is favorable. With further reading and thought however, the reader notices more and more details that tend to change their initial impression. By the end of the book both men seem to have lost their appeal. Even though there is very little said against Mr. Garner, and even less against Mr. Bodwin, it seems that Morrison was trying to cause very mixed opinions about each one of these characters. In the end, Mr. Garner seems no less racist than his fellow slave owners, and Mr. Bodwin, though opposed to slavery also appears to be much more racist than he lets on.   Mr. Garner is the owner of Sweet Home, the plantation where Sethe, her family, and others had been slaves before their escape. He is singled out from the rest of the white men right away. When his character is first introduced the narrator speaks of him fighting with other farmers about his slaves being men. "Now at Sweet Home, my niggers is men every one of em. Bought em thataway, raised em thataway. Men every one" he had told other farmers (Morrison 10). With this comment Mr. Garner was fishing for the reaction he loved to hear, "I wouldn't have no nigger men round my wife.", to which he'd retaliate "neither would I, neither would I"(11).   On the surface Mr. Garner is presented as a very admirable man. He "ran a special kind of slavery", Baby Suggs had thought, "treating them as paid labor" (140).   The way... ...s than noble. Both men seem to put on a mightier-than-thou air when in public, and try to appear as non-racist as possible. Yet Mr. Garner owns slaves, an obviously racist act, even if he does allow them more than other slave owners would. And Mr. Bodwin who claims to be against slavery, and has fought to end it, displays in his own house a figure that embodies slavery. It appears that the only difference between other slave owners and Mr. Garner, is that they don't try and hide their racism or pretend they're better than anyone else. Mr. Bodwin does not own slaves, and does not believe in the practice, but he is still racist as we can see from the figure in his house. Which of these is better? Who can say? But most people aren't fond of hipocrits. Works Cited Morrison, Toni. Beloved. Markham, Ontario: Penguin Books Canada Limited, 1987

Business Intelligence and Data Warehousing as a Solution Essay

As it is anticipated that there is a fundamental objective of the company to reduce costs, make informed decisions and consolidate information, there is urgent need to for resilient development of the business intelligence and data warehousing (Collier, 2012). The poor response by IT in the provision of strategic information indicates that the system is incapable of guiding the company to success. This is a potential threat to the prosperity of the business, and hence a quicker intervention is required to ensure success is attained. Business Intelligence and Data Warehousing as a Solution The implementation of BI and DWH services in the sales department would ensure a sustained growth and a competitive edge to the company. Integration of business intelligence would cover the use of information necessary to drive the organization insight. Operational business intelligence would produce an improved analysis of sales data and provide in-depth knowledge of the performance indicators of the marketing department such as the customers of the company, competitors, economic environment and internal operations that would in turn help in making efficient and best quality sales and marketing decisions (Collier, 2012). Also, the concept of data warehousing would enable a central integration and management of sales and marketing database containing data from the four operational sources in the department from heterogeneous sources. The created database would contain structured sales data for query analysis and can be accessed by all the authorized users. The good news reads that th e data warehouse can be created and updated at any time, with limited disruption of the operational systems (Simon, 2014). There is a broad set of technologies, applications and knowledge for gathering and analyzing sales data for the purpose of helping users make sales and marketing decisions. Issues Needed to be Addressed There is need to integrate BI and DWH applications in the operational systems as there is a significant requirement of current data for the purposes of sales. These tools are critical in supporting the sales and marketing decision makers in the organization. However, without proper governance, it would a long-awaited dream to achieve the value offered by BI and DWH. As such, there is urgent need to develop BI/DWH governance framework in the sales and marketing department based on universal principles and clear information ownership and dissemination. Essentially, there is a need for designing, implementing and making effective use of BI tools to achieve marketing objectives and increase revenue returns. Summary Making the most of the company’s data assets is the purpose of BI at a high level. The company would increase its competitive advantage such as reducing costs, increasing investment returns, reducing risks by making best data-driven decisions through a structured BI. Therefore, we can begin by developing the governance framework through designing, executing, monitoring and controlling and implementing to enhance proper management of the company sales data. References Collier, K. (2012). Agile analytics: A value-driven approach to business intelligence and data warehousing. Upper Saddle River, NJ: Addison-Wesley. Simon, A. R. (2014). Enterprise business intelligence and data warehousing: Program management essentials. Source document

Advertising to Lgbt Community

Advertising to LGBT community: Producing ads that cater to gay audience is complex, and neither the pro- nor the anti-gay market view appears to be adequately addressing the issues. The problem seems to be that both demand that advertisements show life not â€Å"it should be† rather than how â€Å"it is†. We have observed in various case studies that we have followed in our course of ‘Integrated Marketing Communication’ that advertisers mostly tend to show lives a shade brighter than it really is, especially in those campaigns where we are trying to sell products by making the consumer feel good about themselves.This approach however leads to the LGBT invisibility and homophobic representations. Even when the LGBT people are identified as target segment or forming some part of the target segment, stereotype creeps into the picture. In the next segment, we talk about stereotype in marketplace. The Stereotype in marketplace Stereotype haunts LGBT people not o nly in streets but also in media and in marketplace. In marketplace, stereotyping may not be because of a bias or a preconceived notion about the community. It can be because of incomplete information – a bane for any marketer.For instance, we have already discussed that collecting gay and lesbian demographic data is way too difficult. Although law is more favorable and dare we say accepting to the community, cultural issues still hinder people to come all out about their ‘unconventional’ sexual and gender orientations. Now this difficulty in gathering data has consequences, such as that people of modest income and poorer people are ignored as part of the gay market. They are hence absent from gay images in marketing, as they usually are in mainstream ads.Economic stereotype An ideal gay consumer would usually be stereotyped as affluent, educated, and childless. This apparently contrasts with better representative observations of gay, lesbian, and bisexual consum ers. As the famous economics professor Lee Badgett in his paper â€Å"Income Inflation: The Myth of Affluence among Gay, Lesbian, and Bisexual Americans,† notes: â€Å"Gay, lesbian, and bisexual people do not earn more than heterosexual people; gay, lesbian, and bisexual people do not live in more affluent households than heterosexual eople; two studies show that gay men earn less than similarly qualified heterosexual men. Gay, lesbian, and bisexual people are found throughout the spectrum of income distribution: some are poor, a few are rich, and most are somewhere in the middle, along with most heterosexual people. † As it is widely observable fact that on an average, women get paid lesser than men in similar jobs in most part of the world, a female homosexual household would obviously be poorer than their male counterpart or a heterosexual household.Also, female homosexual couple is more likely to have children than a male homosexual household and so on. Behavioral stereotype: In media gay men are often portrayed as sissies, gaudy flamers, intimidating, always on the prowl and/or pedophilic sexual predators. Similarly lesbians are depicted mostly as misandrist feminists and (worst of all) as an object of heterosexual men’s feminine fantasies. Challenge to advertisers Big task of advertisers here, would be to distance themselves from these preconceived imagery and to produce a gay image of relevance yet recognizable.