The Importance of Education to My Life Essay Example For Students

The Importance of Education to My Life Essay According to the dictionary an education is â€Å"the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life.† This essay will inform the audience of my opinion on what the value of an education means to me. I will expand on the value of an education not just by what’s attained by â€Å"formal education† but also by an â€Å"informal education† as well. I will also explain how much we gain just by going through life, which in itself is an education. Based on the definition of education it’s very important that I attain the best possible method of education whether it’s formal or informal. We will write a custom essay on The Importance of Education to My Life specifically for you for only $16.38 $13.9/page Order now â€Å"During their lives most young people and adults acquire a remarkable range of skills and knowledge† (Ireson, 2008, p.30). It’s also important that I’m able to continue my education, because it’s by far the greatest investment of time and finances as well the most rewarding privileges I can provide myself to be better prepared for today’s society. I live in a society where it’s very important and often required that one attains an education whether it’s high school or college. Although a post secondary education is much more acceptable by today’s society. This is why I decided to focus on furthering my education and taking full advantage of the opportunity to earn a degree and develop my professional interest in the field of business. It’s believed by many that a formal education obtained from a high school might just not be enough for the advancement in technology and business in today’s society. This is why it’s important to continue to pursue a post secondary education. â€Å"That which education is to the individual, revelation is. . Search Premier Database. Smith, M. K. (1997). Introducing Informal Education. (Updated 2009). Retrieved October 3rd, 2009, from http://www.infed. org/i-intro.html Taffinder, P. (2006). The Leadership Crash Course: How to Create Personal Leadership Value. London, Philadelphia, PA Kogan Page. Retrieved October 3rd, 2009, from EBSOhost Academic Search Premier Database. Value Character Education Implementation Guide. (1997). Retrieved October 3rd, 2009, from http://chiron.valdosta.edu/whuitt/col/affsys/valuesga.html Williams-Boyd, P. (2002) Educational Leadership: A reference Handbook. Contemporary Education Issues. Santa Barbara, Calif. ABC-CLIO. Retrieved October 3rd, 2009, from EBSOhost Academic Search Premier Database.

Summary Azadi Essays

Summary Azadi Essays Summary Azadi Essay Summary Azadi Essay In order to reinforce the corporate governance system in Unites States, Academy Committee reviewed the financial. The idea was to inculcate openness in the system. Amongst other things, Directors remuneration was to be decided on by a group of non-executives. It recommended disclosing and bifurcating elements of the salary along with an explanation as to how is it determined. Information about stock options, stock appreciation rights, and pension contributions should also be given. Moreover, they also suggested that future service contracts should not exceed three years without prior approval of shareholders. In June 1995, the Employment Committee of the House of Commons reported on the remuneration of directors and chief executives of privatized utilities. John Monks, Secretary General of the UTC conducted the UTC Survey in 1 995 which shows that the wage gap between executives and their respective workforces is growing at a faster pace in private companies than utilities. Though this gap widened in recession, the directors of private companies have always accorded themselves high pay increments. Established in 1995, the Greenberg Committee is of the view that statuary controls are of minimal significance and progress lies in self exultation, which allows controlling and enhancing performance. Some of the basic clauses are 1 ) effective delegation of responsibility for determination of directors remuneration which would not only represent shareholders interest and guard company s finances 2) This group of people needs to *J. I. B. L. 475 submit a report to the shareholders explaining the companys approach along with all the relevant disclosures. This task shall be allocated to the Non-executives Committee. Current Regulation Of Executive pay in united Kingdom Determination of executive remuneration is a controversial affair. Common law fails to provide enough guidelines as there is a general reluctance by the court in estimating salary market value. Also, it is considered a companys private matter. Conventionally, the companys constitution has it that the board would decide on the salary and the directors wont have a say in it. This triggers mutual back scratching as both the parties dont scrutinize the process for implied benefits. Directors can even determine their own pay but it involves statutory provisions for disclosure. Provisions in Companies Act 2006 supports the idea of accountability. As per s. 28, directors remuneration must be disclosed whereas the service contacts should be available for inspection by the *J. B. L. 445 shareholders. Moreover, approval at general meeting is required to award contracts of over 5 years. S. 420 makes it mandatory to prepare remuneration report as a part of annual report, non performance of which is an offence. 0 must include details on the package and board. A resolution is required to approve the report as a whole by casting of votes. Hanging writes that this has stimulated shareholders into positively assessing directors remuneration packages ether than passively agreeing to them as a fiat accomplice, as used to be the case in the past. Role of self-regulation in controlling excessive remuneration Transformation of remuneration culture is a time consuming process but some improvements have taken place. Companies Act of 2006 has been revised by extension of principle of disclosure and transparency. Self- regulating codes of best practice have also instituted interesting changes. For instance, the Principle Del . Of UK Corporate Governance code requires performance related elements of remuneration to be linked with companys Eng term success. FSP has considered compensation structures and fixed and variable components are to be decided at company level. A shift towards fixed components of remuneration should be discouraged as explained by the COED report. Remuneration policies are subject to shareholder approval at annual meetings. 88 Thus shareholders need to be in a better position to have a say in pay determination. Say on pay policy, introduced in UK is seen to build on this idea as it re requires publicly listed companies to submit an executive remuneration report to a non-binding shareholder vote at the annual general meeting. 89 For effective implementation of this scheme, a high level of transparency is a must. Its effectiveness can be adhered from the fact that financial crisis occurred after its introduction. Allowing directors to determine their pay causes overstatement. 95 Hence companies should clearly identify and allocate the tasks. Principle D. 2. 1 of UK Corporate Governance Code requires establishment of a board comprising of at least 3 non executive directors. In contrast with existing non executive directors are not appointees of inside management and hence might do a better job of retesting companys interests. 97 Also, they will be in a better position to negotiate. 98 The role of independent directors is crucial in removing the bias of management. The pay packages that are now criticized were once approved by remuneration committee, as identified by Skye. Australia Australia, a country renowned for up gradation of laws to prevent directors from having any unfair advantage. Some recent amendments have both raised and resolved few queries in the insolvency law. A commendable development is Corporations Amendment (Repayment of Directors Bonuses) Act 2003 which has resulted in new operative section FASTS of Corporations Act 2001. The fall of One. Tell, a large mobile phone company, triggered the enactment of this act. Before the organizations demise, the directors had approved massive bonuses to two of its managing directors. The government reacted by allowing recovery of payments after a company becomes insolvent. Section FASTS permits the liquidator to redeem benefit of any unreasonable director-related transaction, but there is no exhaustive definition of what such a transaction is. A case by case analysis is required.

The analysis of EC Proposals and the Statutory Audit Essay

The analysis of EC Proposals and the Statutory Audit - Essay Example Blame was levied at rating agencies, directors of companies in the financial system and their regulatory agencies, as well as accounting and auditing professionals. This led to a number of regulatory responses that were aimed at strengthening controls over the operations of financial institutions and enhancing financial reporting. These responses have not only been limited to governments in the countries affected but to various bodies including standard setters for the accounting and auditing profession. Te European Commission (EC) which gives directives to 27 countries, made two proposals that could result in major changes in the auditing statutory audits and the audit of PIEs. They are aimed at the professionals whose opinion adds credibility to financial statements as well as supervisors of PIEs. Additionally, there was the Basle lll Accord which amended the capital requirements for financial institutions. Since then auditors have been required to provide more comfort to investors by carrying out additional procedures that would enhance financial reporting. Audit committees have also been challenged to provide the necessary support to ensure compliance. This paper provides information on the background to the financial crisis and the audited accounts of financial institutions. ... 2.0 Background to the financial crisis Several factors worked together to generate the crisis in the financial markets across the world since 2007. Jickling (2010) points out that there were multiple causes to the crisis as reflected in the policy responses taken in the US. One of these was the existing and anticipated credit losses on mortgages in the United States (Ellis 2010). These mortgages were made available to persons who would not have been able to obtain them under normal circumstances. The lowering of standards allowed them to obtain mortgages at relatively low rates so that they could own their own homes. However, one drawback was that the rates were adjustable. Therefore, persons who might have been able to repay in the initial stages soon found out that they could no longer service their mortgages. This coupled with the oversupply of houses on the market resulted in a reduction in their house values and therefore the values of the security for mortgage loans. In some ca ses the value of the houses was worth less than the loan balance and so homeowners ended up with negative equity. Therefore, there were no tangible benefits to be gained from holding on to properties that were not worth the amounts owed. A large number of homeowners defaulted on their mortgages and so it had a ripple effect which impacted the global financial system. Murphy (2008) referred to this as imprudent mortgage lending which caused a terrible shock to the financial system. Murphy (2008) also indicated that although imprudent lending paid a role, its role was not very significant. Another factor blamed for the crisis was global imbalances. Smaghi (2008) indicates that this is characterised by some countries like China and Germany having large surpluses

Critically consider the role and value of organisational performance Essay

Critically consider the role and value of organisational performance assessment - Essay Example On the other hand, Robert Anthony also stated that the success of a lot of companies may be attributed not only to â€Å"good strategies† but also to these companies’ â€Å"designed systems and processes that energize their employees to execute those strategies effectively†. Thus, to be a successful organisation, it is not only necessary to have well-thought out goals, plans, targets and strategies but there should be a well-executed system that will enable the organisation to achieve these goals and targets. In turn, an organisation knows when its systems and processes are being executed effectively and efficiently if it has a well-placed performance assessment system to evaluate the performance of the organization after these systems and processes are implemented. There are various ways to assess an organisation’s performance. According to Carter McNamara, â€Å"assessments might be planned, systematic and explicit †¦ or unplanned and implicit. Well-done assessments typically use tools, such as comprehensive questionnaires, SWOT analyses, diagnostic models †¦, etc., along with comparison of results to various "best practices" or industry standards†. The assessments may also cover financial or non-financial control systems. Tools used may also vary, depending on the objectives of the organization in conducting the assessment. These tools may include one or more of the following: the balanced scorecard, benchmarking, business process reengineering, management by objectives, program evaluation and total quality management. Alternatively, the organization may have its own in-house developed performance assessment system. It aids in the decision-making process regarding some (not all) aspects of the organisation such as the effectiveness of specific strategies, whether to merge with another organisation, whether to expand to a new market, to a new product line or to an entirely new business. It addresses

Finance Essay Example | Topics and Well Written Essays - 1250 words - 9

Finance - Essay Example Unlike security bonds that have fixed flow of cash, stock is an equity security that guarantees individual shareholders a proportionate ownership in a business. Some of the corporate values that shareholder gets including right to vote and periodic payments from the investment returns called dividends (Ferraro 2009, pg. 10). Like financial assets, the value of the invested stock will be the discounted value of prospective cash flow in the future. Stock fundamental value is reflective of any dividends and the sale price of the stock in the future (Arnold 2007 p.225). One of the cornerstone elements of stock valuation is the Price-to-Earn-Ratio (P/E) it links stock prices changes to the valuation of stock. In the financial market, P/E dictates the prices of stock and the subsequent effect on overall organization stock value. Besides, this ratio shows how long wills a particular stock take to pay back the investor capital if there is stagnation of the business. For instance, a stock trading at $20 with a return of $2 per individual share has a P/E of 10. Essentially, this means that an investor will get the capital invested back (Arnold 2007, p.225). Arnold (2007 p.225) notes that the stock pricing is a cornerstone in valuation of stock. Entrepreneurs values the stock in terms of their ability to return the money invested. Besides, an important financial ratio is Dividend Yield (DY), this identifies return from the investment. The higher the DY, the higher the value of the stock in the market. The critical determinants of DY are purchasing prices and selling prices of a particular stock. Inconsistent and lower dividends reflect low valued stock and thus, poor stock prices in the stock markets. Valuing a stock uses numerous market indexes such as Nasdaq and OTC methods. In each of them, the fundamental value of stock rests on the existing market prices and future prospects.

Leadership: A Personal Opinion

Leadership: A Personal Opinion Leadership is everywhere if we see minutely in our society. In my point of view, leadership is about personality and genuineness. It is about winning possession for changing something and improving it than you found it. And when that change functions with responsibility, it gains admiration. Leadership is practised daily in learning institutions, homes and offices. A leader is a person who helps without being asked. I have exposed leadership by helping my brother in his studies or playing with him. Good leadership actions are defined as working with patient within groups, creating roles, replying to feedback in an suitable manner, and discussing with others. During group work, students gain knowledge of personal and social responsibility, feelings of different cultures and personalities, and get an idea of how the character of leadership can influence group efforts. One day I was sitting in my home and thinking about the examples of good leaders, I saw my mom busy in homely activities, I observed her minutely and found her a great leader. I thought that my mom never loses sight of her vision she has for her children-giving a healthy and protected atmosphere where her children can nurture and prosper. Moms can be found busy in diverse household responsibilities, searching down craft supplies for a plan their children only memorized today was required tomorrow, and at the same time as examining this adjacent to managing the demands of structuring their professional life. And yet, in spite of all these different demands for their attention, moms do not forget about their vision. Similarly, in the world of business, there are numerous demands made for the consideration of leaders. Like our mothers have exposed us, however, this shouldn’t take our concentration away from what’s significant or required for the business to expand and flourish. A good leader always shows patience in the making for the desired conclusion. There’s one thing which we all identify about our mothers is that they can show a lot of tolerance with good reason. Upbringing of a child is barely a textbook affair the same as there’s always somewhat unpredicted that will come down and damage the best-laid plans. Occasionally this is a consequence of a child not performing what they’re told; sometimes it can be a child getting sick on the day you have a tight schedule at work. Whatsoever the case, mothers have learned to tackle with these kind of situations as they know that their hard work will recompense in the long run. Similarly the businesses repeatedly concentrating on making and gathering periodical forecasts, it’s effortless to demonstrate less patience or interest in hard work that require more long-term philosophy and management. However, as mothers represent so well through their activities, the best stuffs do come to those who are patient. A good leader motivates their team to be self-reliant. Mothers are also very expert in motivating their children to turn out to be more self-reliant as they grow up. One require to observe at of how mothers work from looking after of their children’s laundry to asking them to tidying their rooms to be pleased about the willingness mothers have to see their children grip the responsibilities they used to do for their kids as they grown-up from small children into young adults. Motherliness is not something one imagines about as being a valuable role to increase some insights into how to guide others agreed that the relation between a mother and her child is totally dissimilar from that among an employer and their employees. And yet, if we seem at this from the standpoint of the life course we find out as children from our moms, we can observe some useful things that can assist us better value of how to move towards the role of leadership in our organizations. Emotional Intelligence is such an important aspect. In our case Emotional Intelligence comes and play a role in our professional life. Where a team leader in a specific project or organization is expected of being productive no matter what he might face difficulties leading his team to success. I think this perception is significant because it describes one of the principal human interactions we experience in our daily life. Regardless of whom you are or what you do, sometime you will have to cooperate with people surrounding you. People have to request for help, work as a team, and guide other people. These responsibilities cant be done without having a knowledge of human emotions. I have to deal with this conception on a daily basis when I interrelate with friends, family, and colleagues. I believe the best way for me to communicate to this concept is contrasting how I connected to people when I was in basic school to today. When I was a kid I found it very tough to talk with older people because I didn’t know how to deal with them. But at present I can talk to anyone I want to and find out what tone I need to have to get their value. Moral Intelligence is such an important aspect to enhancing business/organization performance and leadership success which should be considered from a leader point of view as a critical aspect. At first Emotional intelligence, then Moral Intelligence we studied. According to Lennick and Kiel, both management consultants, define moral intelligence as the ability to differentiate right from wrong as defined by universal principles†. My friend told me about his boss, he said his boss wants to create a gullible workplace; he can get better moral intelligence by mentoring workforce to track his example of human principles. He tells workers to stop making justifications for ignoring deadlines, coming not on time or other activities influencing badly the workplace. He asks that worker should take care of each other with kindness and admiration. He reminds workers that everybody commit mistakes and to be broad-minded of each others deficiency. Flourishing teamwork is made on a basis of trust. Each associate of the team must set up trust; grow trust through his performance and verbal skill, and work to keep it. Each associate also wants to be able to belief his team members to create a promise to the team and its objectives, work expertly with those aims in mind, and talk constantly about any issues that influence the team. A combined and gullible team atmosphere permits team members to share private information and build up a stronger bond with their team members. My football team relied on the teamwork. As we play a match against another team, that opponent team made a goal. Adam started blaming and Cole blamed Adam and as a result we lost the match. We decided to play a match against this team after one month and I explained to both the players that if they cooperate with each other we will be able to win the game. They understood what I said and when the match was played they worked together and made us victorious. In my point of view, ethics has to play a main role in the personality of a leader. One of the arguments to show that situational leadership is not manipulating is to agree to the main goal of the organization. I think a professional team member should understand that being led is not being manipulated as long as it serve the company to be more successful. In other words, If we are in an organization, a professional should not think at any time that he is being manipulated and to measure that is to know how relative is it to the mission statement and vision statement of that organization, a team member has to look at the big picture and not take anything personal, here I have to mention the need of last week subject which was Emotional Intelligence and how it will help to differentiate between the situational leadership vs Manipulation. Consistent to leading to achieve the best and potential plans for the organization. The true example of situational leadership is surgeons in an oper ation theatre. Situational leadership is exercised by surgeons in the operation theatres particularly during dealing with emergency cases and crucial operations. A doctor leading the other doctors in an operation theatre is a specialist in surgeries, but when an urgent situation calls or during the operation problems arise, a surgeon has to make decision instantaneously according to the patients state. The best thing in a situational leader is his skill to bend according to the situation what is happening. In the recent time people started to realize Bullying in the Workplace has been happening for years and years. Anti-Bullying associations existed in the United States as early as the 1990’s which shows us as researchers that there are many workers has been bullied for a long time. According toConstance Dierickx, Ph.D, Workplace bullying is defined as the repeated unethical and unfavorable treatment of one person by another in the workplace. This includes behavior designed to belittle others via humiliation, sarcasm, and rudeness, overworking an employee, threats, and violence. Who is in a leadership position supposed to know and be able to differentiate between bullying, harassment and assault? Harassment and Assault are recognized and resulted from several fairly serious incidents. In many workplaces worker get bullied; in long term jobs, by managers, co-workers or subordinates or even by a client where a good leader should stand on for their workers and not grant the right f or the customer to disrespect the workers. As the research goes, we find even in short term jobs such as the performing arts or construction, where the supervisor has complete power over workers, in both long and short terms jobs workers have been found guilty of either bullying, harassment, discrimination, or assault. We can all agree that it exists in our lives before getting to the workplace, in fact in all starts when we were young and best to remember and prove it, let’s remember our high-schools where we either have been bullying or have been bullied, I actually have been bulled in secondary school and I got a punch in the face and lost a teeth, what was funny is that I still know that person’s friend where he told my friends he is embarrassed to see me after these years, but I am still happy as long as he felt bad and did not keep being argent to admit he was wrong. One of the main reasons that make a person to bully others is to cover their on weak side, in other words a bully would think being mean, disrespectful, or even discriminate with no morals nor mercy would in the workplace or e ven outside. Moreover; a leader should also realize that another important incentive for a worker to bully others is to avoid accepting responsibility for their behaviour andconsequences. Supremacy alters people. We all know the leaders who have come to consider their personal promotion departments. We have observed that leaders were always like that, deep down, or whether triumph has ruined them. Then, we may think why few persons emerge to be corrupted by authority and others remained fine , or what the corrupted women are doing whereas their male corresponding are investigative the staff, concreting their driveways on the firm’s credit card, or handing over profitable work agreements to their acquaintances. According to Professor Serena Chen and her colleagues.people who commence as selfless will carrying on to be so when they attain power, while self-centred people will persistent to be uncooperative and selfish when gained power, Successful people grasp others to a superior criterion. They are more probable to deceive and were less broad-minded to others violating the same rules. According to an Economist article about the work of Joris Lammers at Tilburg University, in the Netherlands, and Adam Galinsky at Northwestern University, in Illinois.According to Dr Jamie Ward, reader in psychology at the University of Sussex. They shatter rules and regulations not only because they can get away with it, but also because they believe at some instinctive level that they are free to get what they desire. This intellect of power is vital to understand why people behave badly in high office, It is greatly easier to mount over people and not taking care of their needs if you can’t recognize with them. At times subordinates can be somewhat responsible for their leaders’ bad conduct, said by Leadership consultant from The Leadership Circle Asia Pacific, Rebekah O’Rourke, and frequently people relinquish their own responsibilities to a higher person, expecting them to have all the replies. Furthermore she said, a few people turn out to be very inactive. The â€Å"subordinates† need to discover ways to provide their leader advice about how they are undertaking. This is, in spirit, supervision . The leader of a company – also needs to begin coaching. They also need to separate their feelings about the leader’s personality from the role. The leader may be a nice person, but if they are behaving inappropriately, someone needs to tell them. In a nut shell, I would like to say for any form or size of industry, successful leadership gives many settlements and will help the organisation to attain success and steadiness. In the deficiency of effective leadership, firms often rise gradually and may misplace their  track and competitiveness. Good quality business leadership can assist a team stay determined during a time of emergency, repeating the team members of their successes and give confidence to them to set short term, attainable goals. A broad and attractive relationship between a leader and their employees shows that they are appreciated as an essential part of the company, creating a feeling of ownership among teammates and beginning a closer position between individual and team objectives. Support of people to explicitly add and talk about new ideas in an optimistic environment, make utilization of their different experience and facts to develop a business. The promise and passion of a business leader forms the general purposes of the company and gives motivation and enthusiasm for people to do at a high level. A planned approach is able to make a plan of action that will most efficiently gather the organisational objectives. A comprehensive planning procedure also gives the chances for people to recognize, add to, appreciate and attain well defined goals. Setting a clear vision and talk to employees efficiently gives workers with an understanding of the organisational trend and permits them to noticeably appreciate their duties and responsibilities. Effective leadership is a vital obligation so as to attain organisational objectives. To do this, leaders should be able to grant inspiration, inspiration and clear route to their team. Leadership growth is very important because organizations hire the character of their leaders. Leadership tuition and expansion can take advantage of output, shape an optimistic culture and promote synchronization. To attain this, key people must direct individuals and teams using a suitable leadership style.

Summary of The Lesson Essay -- The Lesson Literature Essays

Summary of The Lesson In this story the author tells us about a girl named Sylvia, the narrator, who lives in a very low income family. A place where school is not a priority. A place where it is more important to be strong and hard, than to read a book. This was the thought anyway, before Miss. Moore moved in. She was a school teacher who took it upon herself to teach the neighborhood kids. On one summer afternoon in particular she was going to take the kids into town on a field trip. The kids are not at all happy about this because they know it is summer break and they are not supposed to be in school in the summer. They would rather be at the pool playin’, but Miss. Moore knows that if these kids want a chance at a better life, then she better show them what is out there. The story leads to the bus ride where Miss. Moore gives money to Sylvia to give the driver a tip. Sylvia can not figure the tip, so she keeps the money thinking that she really showed Miss. Moore. She did not even admit to herself that the real reason she did not leave the tip was because she did ...