Holdens Hardships - 1373 Words

In J. D Salinger s novel, The Catcher in the Rye, the protagonist, Holden, goes through many hardships in his journey to self-knowledge. In the beginning, Holden has to deal with being kicked out of school and not having any place to call home. He is also struggling with the unfortunate tragedy of the death of his beloved younger brother Allie. At the same time, Holden is trying to deal with growing up and accepting the adult world. Throughout the novel Salinger addresses the conflicts faced by a young man struggling with the trials and tribulations of growing up while also confronting personal loss and loneliness along the way. In the beginning of the novel the reader learns that Holden has been kicked out of his school Pency-Prep.†¦show more content†¦That s all I d do all day. I d just be the catcher in the rye and all. I know its crazy but that s the only thing id like to be. (173) Holden wants to be the catcher in the rye and save the children from falling off the cliff. This cliff, however, is the real world, and Holden himself is afraid of it so he wants to protect children from it. This is also demonstrated when Holden visits his sister s school and sees swears written on the wall. This makes Holden very mad, It drove me damn near crazy. I thought of how Phoebe and all the other little kids would see it, and how they d wonder what the hell it meantÂ…But I rubbed it out anyway, finally(201). Holden was able to protect the children for a short while but a few moments later he sees the same thing written on the wall again. Only this time it is scratched in with a knife or something and Holden is unable to rub it away like before and realizes It s hopeless, anywayÂ…it s impossible (202) he indicates here that growing up and facing certain reality is inevitable. Holden finally realizes that he can t protect the kids from the real world when he watches Pho ebe ride a carrousel at the zoo. All the kids kept trying to grab for the gold ringÂ…this thing with kids is, if they want to grab for the gold ring, you have to letShow MoreRelatedThe Heros Journey of Holden Caulfield Essay example719 Words   |  3 Pagesjourney. Holden’s journey ventures beyond what he is able to endure, forcing him into the unknown territory. Holden received the quest call to adventure, and responded to the call for the journey when he left Pencey prep school. Holden accepted the call, faced his challenges struggling through hardships and oppression, with helps from the guidance, he then eventually returned to his comfortable world with a tremendous intellect and physical transformation giving a closure to his journey. Holden’s endlessRead MoreCatcher In The Rye Symbolism Essay713 Words   |  3 Pagesto conflict between him and society during his junior and senior year in high school The author, J.D. Salinger, uses symbolism and imagery to portray Holden’s lack of confidence due to his disruptive and frazzled childhood. Symbolism in Catcher in the Rye shows what the characters value and how they perceive life. The ducks symbolize Holden’s curiosity as he strives to discover himself and find his motivation in the world. Holden asks Old Horwitz, â€Å" Do you happen to know where they go in theRead MoreCharacteristics Of Holden Caulfield1716 Words   |  7 Pagesyear old boy walking through life, hardships, and criticism towards life. Throughout Holden’s story, his odd behavior is displayed in a manner which opens the readers’ eyes to an entirely new persona. One that sees the worst in everything, one that doesn’t see the reality of things, a mind unable to decipher the beauty which the world holds within. Through his behavior and thoughts, the reader is led to believe that, from the start, there’s an abnormality to Holden’s thought process. His hopelessnessRead MoreThe Catcher in the Rye by J.D.Salinger983 Words   |  4 Pagesindividual. Even today, teenagers are able to relate Holden’s characteristics due to the pressures from the family, friends and community, and some teenagers even reject the values of their society. All these demeanors are demonstrated through Holden Caulfield in The Catcher in the Rye. Depression is one of the most common behaviors in human. Holden Caulfield had already experienced the emotional pain from his younger brother, Allie. Through Holden’s statement, â€Å"I broke all the windows in the garage†¦IRead MoreCatcher in the Rye Holdens Faliure in the Journey of Life1597 Words   |  7 Pagesreveals the hardships that teenagers endure as they mature and enter adulthood. In this novel, Holden Caulfield, a sixteen-year -old who has been kicked out of several schools, undergoes a gamut of problems. First, at the beginning of the novel, it is clear that Holden has a difficulty accepting himself and others; he constantly defines people as phony. Secondly, as the novel progresses it becomes evident that Holden does not want to enter adulthood. Both problems lead to Holdens failure in hisRead MoreSemiotics of Gloves Essay1098 Words   |  5 Pagesimportance of the relationship between him and Allie until a few chapters in, he gives the reader a unique understanding when he discusses his baseball glove. The glove not only represents Holden’s love for his younger brother it also exemplifies Allie’s individuality. It is understood that after analyzing Holden’s character he hates conflict with anything around him. He is confused by his brother’s death and therefore fears interactions with people and is hesitant to let people into the barrier herRead MoreHoldens Pessimistic View of the World in The Catcher in the Rye836 Words   |  4 PagesCatcher in the Rye written by J.D. Salinger. 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Will A Good Corporate Governance Attract More Investors - Free Essay Example

Sample details Pages: 17 Words: 4967 Downloads: 1 Date added: 2017/06/26 Category Management Essay Type Research paper Did you like this example? Corporate governance is the way of corporation being directed which is involves a relationship between the manager , the shareholders , and other stakeholders of the company. The use of corporate governance is to provides the structure through which the objectives of the company are set. In adopting a good corporate governance, companies should be transparent of the financial reports. Don’t waste time! Our writers will create an original "Will A Good Corporate Governance Attract More Investors" essay for you Create order Now adays most company around the world have adopt good corporate governance system , but some of the countries have not adopt the system. In this project , it will contain a research of the corporate governance status in Indonesia. Wether most of company in Indonesia have adopted a good corporate governance or not. Inside this project, there are two research question which is using different type of statical analysis. The first research question was made to found out wether is it true that a good corporate governance will attract more investors to the company. The second research question was made to know have most company in Indonesia have issue their corporate governance report according to the standard and transparency. And the result of the research is that there are some correlation between the corporate governance and performance of company. The other finding is that some of the company in Indonesia still not transparent in disclosing the corporate governance report. Chapter 1 Introduction Research background Corporate governance is one of the important factors that should be maintain inside the company. Now adays a lot of investors not only looking for financial reports of the company but they are also looking for the corporate governance status of the company. Since the financial crisis in 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s. Indonesia facing some diffculties in the economic factors. Alot of company were collapse , because many directors made a wrong decision. From that moment the economic and political condition in Indonesia is not stable. This problems will effects the corporate governance system in Indonesia. But by creating a good corporate governance structure they are some benefit from it. A good corporate governance system will help directors, corporate managers , and owner to better governing the company. Many international investors hesitate to invest their money if the corporate governance structure does not so good. They want to know how well the is the directors can manage the comp any. There are some important key role of the corporate governance which are a transparency of the company financial and non-financial reportings , independent commisioner , and audit committee of the company. Investors want to know clearly the way of company leaders directing their company in achiving the goal. Investors will not invest their money if the company does not have a clear structure of the company. That is why adopting a good corporate governance may have some advantages, it will be easier to obtain capital and increasing share price. Using the data of corporate governance it can also effects the performance of the company.The corporate governance report will shows all the activity of the leaders inside the company. In governing a company there are rules for the directors , managers, and shareholders that must be follow. Such as a Annual General Meetings, most of the leaders of the company must attend this meetings at lease twice a year. If they are not fullfil their job as a leader of the company, it will be reported in the corporate governance report. 1.2 Research Objectives 1.2.1 Primary Research Objectives The primary objectives of this project is to give some information about the latest situation of coporate governance in Indonesia using the latest data which is taken from the year 2009 and also a questioner which is from the year 2010. Many people believes that a good corporate governance system can attract more investors to the company, so inside this project it will tested wether that statement is true or not. And this project also want to know wether most of company in Indonesia have disclosed their corporate governance reporting transparently. 1.2.2 Secondary Research Objectives The secondary objective of this project are : From the research it will shows the advancement of corporate governance system in Indonesia. Showing the effectiveness of corporate governance reporting for the company Take some feedback from the employee in Indonesia about the corporate governance situation in the company where they are working. Chapter 2 Literature Review A good corporate governance is important for a company around the world. Instead of financial data of the company, investors also looking at the corporate governance disclosure data before they are deciding in which company that should they invest in. From the data it will show the management situation of that company. Some of the country around the world still very low in conducting a good corporate governance. Conducting a good corporate governance will make the company more profitable , it will attract more shareholders to invest in our company. Lawrence D. Brown and Marcus L. Caylor (2004) using a sample of 2,327 companies and based on 51 corporate governance provisions which is provided by Institutional Investor Services (ISS) they found out that companies which are better governed relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Based on a data which is taken from Institutional Shareholder Service , they create broad measure of corporate governance and they create Gov- score. The Gov-score was measured of 51 factors which is encompassing eight categories of the corporate goverenance which is : board of directors , auditors , characters by laws , executive and director compensation , ownership , progressive practices , and state of incorporation. Financial problem now adays become the major topic globally , it effects a lot of firms around the world. PaquitaY. Davis , Li Li Eng , and Chao-Shin Liu (2006) they were investigate the role of corporate governance mechanisms and accounting system in four different countries in Asia which is Indonesia , Korea , Malaysia , and Thailand. Those countries were effected by Asian financial crisis. They found out that it is depends on the corporate governance mechanisms and accounting system in effecting the book value of equity and it is also determining the relation between the accounting information and stock prices during the economy-wide financi al crisis. Results of their finding is the earnings in Thailand and Indonesia was reduced during the Asian financial crisis and increased in book of value. In Korea , neither earnings nor book of value was impacted by the crisis. And the last one which is in Malaysia both book of value and earnings was decreased during the Asian financial crisis. Bernard S. Black , Woochan Kim , Hasung Jang , and Kyung-Suh Park (2009) conduct a research in KCGI (Korea Corporate Governance Index). They try to find the relation between level of corporate governance and the effects the firm market value. And the findings of their research that overall firms that are better governed got a some competitive advantage than other company. From the research , overall firms who got higher KCGI will get higher dividends , got a lower capital expenditures ( because of Korea firms that are overinvest) but the investment is more sensitive to profitability , lagged board structure predicts higher profit , the r elated party transactions will reduce adverse for firm value. Robert W.McGee (2010) Indonesia need to develop the structure of the corporate governance. By developing a good corporate governance he found out that it will helps increasing the share prices and it will be easier to obtain capital. And from his research information which is from the Worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s bank ROSC report about rights of shareholders , equitable treatment of shareholders , role of stakeholders in corporate governance , disclosure and transparancy , and responsibility of the boards from the scale one to five , Indonesia overall score is 2.83% which conclude from his research that corporate governance in Indonesia is need to be develop. From the research he suggested that companies in Indonesia need to strenghten shareholder access to the information of the company , in treating the shareholders must be equally , and company must fully adopt the International Financial Accounting Standards (IFRS) and also International Standards of Auditing. Meidyah Indreswari (2006) identified Indonesia corporate governance status which was turn bad because of the tragedy of economic crisis in 1997. From the research the writters found out there are several factors that make corporate governance fail in that year. Firstly, using agency theory to explain the relation between the agent and the principal was more problematic in ISOEs than the private enterprise. Secondly, the rules of board director and management is really important for the company. Government should reduce their intervention in ISOEà ¢Ã¢â€š ¬Ã¢â€ž ¢s operating system in order to make the boards of the company to work more effective. Thirdly, findings of the research shows that the corporate governance in Indonesia was not effective due to unclear information about role of corporate governance and also a unclear programmes of the company. These problems can create the lack of commitment of the employee to the company which l ead to failling of the corporate governance. Lastly, other factors that lead into fail corporate governance are culture , public governance , and law enforcement. In order to fix those factors, there should be a joint efforts from the public sectore is needed to ensure a good corporate governance will be occure. A study also conducted by Maria Andersson and Manal Daoud (2005) using the agency theory to test the factors that influence the corporate governance disclosure information in Swedish listed corporations. Using 41 listed companies in Swedish as an example , according to they research it found out that factors that influence the corporations are the parents company it self and the size of the corporation in disclose the corporate governance information. They also find out that agency theory is not a proper theory to find the influence of corporations in disclose information about corporate governance. Zheng Fan , Liyan Wang , Jidong Zhang (2008) they conduct a research a bout the relation of company motivation in voluntary disclosure will effect the earning quallity of the company. The research information was taken from the Chinese capital market in 2004-2006 period. And the results of their result is that the company disclosure data and corporate governance of the company will not effects the earning quality of the company. There are many companies in different countries that already adopted a good corporate governance. When a lot company have adopted a good corporate governance and shows the transparency of the company performance, it will be easier for the investors to choose in which country they will invest in. But in some countries such as Indonesia there are still some difficulties in adopting a good corporate governce. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects t he corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Indonesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Dudi M. Kurniawan and Nur Indiriantoro (2000) did a research about the status of corporate governance in Indonesia. And the findings of the study were divided into 5 different parts which are factors that influence the corporate governance status in a company. The first part of his research was about the ownership structure in Indonesia companies. And he found out that Indonesia had two boards in corporate governance system which is not effective for the company. The second part of his research was about the efforts to develop the corporate governance in Indonesia , and he found out that I ndonesia corporate governance still need a help from the international countries. The third part of his research was about the accounting standards in Indonesia which should be written according to the basic of International Accounting Standards. The fourth part of his research tell us about audit standards and the audit profession in Indonesia. He suggested that Indonesian auditors need to pay attention to the standards in Indonesia. It is because according to his research a lot of Indonesian auditors look for USA auditors standards and forgeting the standards in his country. This will be a crucial effects for the company. And according to his research the cause of Indonesian financial crisis in 1997 was the auditors in Indonesia miss ditection of fraud that happened in most of companies in Indonesia. This fraud make a lot of company in Indonesia collapse.The fifth parts of his research found out the disclosure data of corporate Indonesia still need to be more transparancy to the p ublic. So from his research conclude that there are a lot of challenges in conducting a good corporate governance in Indonesia but those challenges can be minimize if there is an efforts to conducting a good corporate governance from inside the company. Werner R. Murhadi (2009) did a research using some information from the Indonesia Stock exchange in period 2005-2007 specializes in manufacture companies to test the performance of the corporate governance in Indonesia. He was using five good corporate governance indicators which are independent commisioner , CEO duality , audit committee , top share , and shareholders coalition to investigate rather it will effects the earning management practices. The findings of the research was a good corporate governance will effect earning management practices which done by the company. Another thing that he found out from the research was a lot of companies in Indonesia do EM ( Earning Management ) with negative leans. The purpose of the co mpany do that is to make their revenue look smaller which can help the company to avoiding tax. Sanjeev Bhojraj and Partha Sengupta (2001) they conducted research about the effect of corporate governance to the bond ratings and yield. They found out that corporate governance mechanisms will reduce conflicts of interest between the directors and the providers by monitoring to their actions. And they were also found out that company which have a greater institutional ownership and got influence by the external control of the board will have a lower bond yields and high ratings for the new bond issues. From the research they are suggested that company that are facing stronger external monitoring from the governance mechanisms are rewarded with low yields and high bond ratings. Monitoring the situation of the company should be maintain so it will stabilize the firm value of the company. Sridhar Arcot and Valentina G. Bruno (2009) studied about the different type of corporate gover nance will effects the firm performance. Their studied the effects of law in a country to the corporate governance mechanism. Since law and regulation is different from one country to the others, according Sridar and Valentina company must adjust to that law especially for the multinational firms. Disclosing corporate governance report is one of the important factor because they found out some of the governance report was uninformative which mean it was not clear. The impact of the weak corporate governace was it shows the the inefficient use of the firms resources which can lead to the poor operating income. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects the corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Ind onesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Siti Nuryanah (2009) said there are still a problem in Indonesia corporate governance specially in audit committee. The problems in audit committee in Indonesia is that they holding a double positions in other companies, which it make the audit committee is not efficient in doing the works. And also , there are some company that does not have an audit committee. By not having an audit committee will become a problem for the board of committe in taking a decision. The research found out that 30 % from the JSX (Jakarta Stock Exchange) public listed companies does not have independent commisioners. Although that kind of problem occure , from her results it was found out that most of the companies in Indonesia have complied with the regulation o f corporate governance. Chapter 3 Methodology 3.1 Data The data of this project was taken from annual report in Indonesia stock exchange, IICD (Indonesia Institute for Corporate Directorship) reports which is the latest report, and 100 questioners which is given to the working people in Indonesia. The questioner was translating into Indonesia Language. 3.2 Methodology In this project there are two-research question that can lead to the answer of this research project. Each of the research questions will be tested in different type of statistical analysis test. The two-research questions of this project are: First: Is it true that adopting good corporate governance will attract more investors? Second: Using some factors in corporate governance reports, does most company in Indonesia have report their corporate governance data transparently? By using these research questions, several questions in the questionnaire had been made to gather answers from the respondents which then it will be linked back to answer the research questions. Inside the questioner there are divided into two section. The first section of the questioner is basic question about the corporate governance and the employee posisition in a company which they are working. The second section of the questioner is the important answer for this project which is contain all i nformation that will be used to analyze. As for the following questions in the questionnaires, respondents will be asked about questions which are mostly related to the research questions 3.2.1 Research Question 1 Is it true that adopting good corporate governance will increse the company performance ? Hypothesis: H1: good corporate governance will give a significant effect to the company performance H0: good corporate governance will not give a significant effect to the company perfirmance From the research that was conducted by Lawrence D. Brown and Marcus L. Caylor (2004) said that there were some advantages in adopting a good corporate governance. He was using a sample of 2,327 companies and based on 51 corporate governance provisions that are provided by Institutional Investor Services (ISS). And found out that company that are better governed are relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Another people that argued about corporate governance mechanisms were Sanjev Bhojraj and Partha Sengupta they found out corporate governance mechanism can reduce a conflicts of interest between the directors. And al so a company should monitoring inside the company so the goodness performance of the company can be maintain. From this type of question, from the statement above I would like to test whether companies that have a good corporate governance will have a lot of investors in it and also is it will attract more investors to the company. Using the survey question, it will guide to the answer of this question which are : How effective is the corporate governance report being used in your company? In your opinion, does good corporate governance will attract more investor? H0: à ? = 0 (There is no correlation between corporate governance and number of investors) H1: à ? à ¢Ã¢â‚¬ °Ã‚   0 (There is a correlation between corporate governance and number of investors) Sample correlation coefficient, commonly denoted  r, is calculated as following: Where X and Y are the sample means. T-test for correlation formula: 3.2.2 Research Question 2 Does most company in Indonesia have reported their corporate governance activity data transparently and disclosed it to the public on time ? Hypothesis: H1: All of the companies in Indonesia have disclosed their corporate governance activity transparently and on time H0: Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time Werner R. Murhadi (2009) explored some information period 2005-2007 in Indonesia Stock Exchange specializes in manufacture companies to test the performance of the corporate governance in Indonesia. One of the result from his research was, he found out a lot of companies in Indonesia still not develop transparency in reporting data of the company. A lot of companies want to avoid tax by creating an incorrect data, which is making the revenue of the company looks smaller. Another researcher were Zheng Fan , Liyan Wang , Jidong Zhang (2008) they are argued that the company disclosure da ta and corporate governance of the company will not effects the earning quality of the company I would like to test whether most of the companies in Indonesia have disclosed their coporate governance data transparently. Because a good corporate governance will show a transparency data, all the performance of the companies which is bad or good must be inform to the public. One à ¢Ã¢â€š ¬Ã¢â‚¬Å"Way Anova (Parametric Test) From using this type of test , data that used to this test will be from question number 7, question number 8, question number 9 and question number 10 , the question from the survey have been desing will be in a way that respondents are asked to rate . This test is used to test the equality of 3 or more means by using the variances. H0:  µ1=  µ2=  µ3=  µ4 ( Most companies in Indonesia have disclosed their corporate governance activity transparently and on time) H1:  µ1à ¢Ã¢â‚¬ °Ã‚    µ2à ¢Ã¢â‚¬ °Ã‚    µ3à ¢Ã¢â‚¬ °Ã‚    µ4 ( Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time) The formulas for the various sums of squares are as follows: SSE = SST à ¢Ã¢â€š ¬Ã¢â‚¬Å" SSA X = sample value ith item in the jth sample n = total sample size Xj = sample value of jth sample nj = size of the jth sample We will get the respective variances i f we divide the sum of squares of SSA and SSE which are as follows: F-test formula: P-value: Degrees of freedom = k-1 Degrees of freedom = n-k These two values will be used to find the critical values for the F statistic and helps us to know whether the p-value is less than or more than the significance level. Conclusion: A null hypothesis will be rejected when the significant value from the test is lower than 5 percent 3.2.3 Limitations In this project there are some limitations in it. This project only representing a small objectives of coporate governance practices in Indonesia. Moreover, the data collected from this study are limited which is only from the Indonesia Institute of Corporate directorship and 100 questioners that had been given the working people in Indonesia. Chapter 4 Findings and Analysis 4.1 Data Statistic of Questioner Section 1 4.1.1 Statistics Questioner that was Given To the Respondent N Valid 100 Missing Total Respond 7 93 From the table 4.1.1, It shows that there are 100 valid questioner that have been produced but the respond that can be used only 93 because the other 7 questioner are missing or cannot be use. 4.1.2 Number of respondent that know corporate governance Frequency Percent Valid Percent Cumulative Percent Valid Yes 71 76.3 76.3 76.3 No 22 23.7 23.7 100.0 Total 93 100.0 100.0 4.1.3 Respondent Knowledge Of Corporate Governance Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 5 7.0 7.0 7.0 Bad 17 23.9 23.9 31.0 Neutral 19 26.8 26.8 57.7 Good 19 26.8 26.8 84.5 Very Good 11 15.5 15.5 100.0 Total 71 100.0 100.0 4.1.4 Respondent Status In Company Frequency Percent Valid Percent Cumulative Percent Valid Director 19 26.8 26.8 26.8 Manager 11 15.5 15.5 42.3 Supervisor 13 18.3 18.3 60.6 Non-Supervisor 28 39.4 39.4 100.0 Total 71 100.0 100.0 4.1.5 Relationship Of Directors and Shareholders in Respondent Company Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 7 9.9 9.9 9.9 Bad 18 25.4 25.4 35.2 Neutral 13 18.3 18.3 53.5 Good 26 36.6 36.6 90.1 Very Good 7 9.9 9.9 100.0 Total 71 100.0 100.0 4.2 Data Statistic of Questioner Section 2 Using pearson 4.2.1 Correlations between corporate governance and Shareholders Performance CG effectiveness Shareholders Performance CGeffectiveness Pearson Correlation 1 .219 Sig. (2-tailed) .066 N 71 71 ShareholdersPerformance Pearson Correlation .219 1 Sig. (2-tailed) .066 N 71 71 4.2.2 Correlations between Corporate governance and Commisioners Performance CG effectiveness Commisioners Performance CGeffectiveness Pearson Correlation 1 -.019 Sig. (2-tailed) .875 N 71 71 CommisionersPerformance Pearson Correlation -.019 1 Sig. (2-tailed) .875 N 71 71 4.2.3 Correlations between Corporate governance and Directors Performance CGeffectiveness DirectorsPerformance CGeffectiveness Pearson Correlation 1 .396** Sig. (2-tailed) .001 N 71 71 DirectorsPerformance Pearson Correlation .396** 1 Sig. (2-tailed) .001 N 71 71 **. Correlation is significant at the 0.01 level (2-tailed). IICD ( Indonesia Institute of Corporate Directorship) have made a report about the corporate governance status in Indonesia. Since the corporate governance report 2009 have not been come out yet, I am using the data from the year 2008 which is issued in 2009 by the IICD institute. Corporate Governance Performance by SOEs, Bank, and Overall Category Mean Score of Corporate Governance Performance (%) 2008 Study Previous Study SOEs 76.80 74.63 Banking 75.55 71.11 Overall 61.26 67.29 The table above shows the performance of corporate governance in Indonesia Listed company. The data show in two different categories which are State Own ed Enterprises sector and Banking sector. There were difference in Corporate governance performance between the SOEs variable and Banking variable. The SOEs performance was 75.20 %, while Banking was only 56.50 %. However, there are some improvement of corporate covernance practices in both of the group. There were around four percent of increasement for those top quartile and bottom quartile respectively. It is still challenging tasks facing Indonesian corporations, regulatory bodies, and other governance-related institutions how to enhance the commitment of these bottom quartile companies to good corporate governance practices as well as those companies with corporate governace performance between the top and the bottom quartile. This does not mean that attention to those top quartile firms is not necessary. In the meantime, empirical evidence shows that corporate governance is significantly correlated to companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic performance, although the correlation is weak. OECD Principles Mean Score (%) 2008 Study Previous Study Rights of Shareholders 50.37 51.23 Equitable Treatment of Shareholders 86.35 83.02 Role of Stakeholders 63.64 58.76 Disclosure and Transparency 70.81 66.64 Responsibilities of the Board 59.02 52.36 Overall Mean Score 64.96 61.26 Using the instrument from OECD ( Organization for Economic Co-Operation and Development) the IICD institute has conducted a survey which was given to the 314 public listed company in Indonesia. Inside the survey they are consisting 5 principles of OECD which are : Rights of Shareholders , Equitable Treatment of Shareholders , Role of Stakeholders , Disclosure and Transparency , and Responsibilities of the board. From the survey the IICD institute analyze the status of corporate governance in Indonesia in the year 2008. The results of research shows there are deflation in rights of shareholders in the year 2008 which is 50.37 % and from the previous study it shows that 51.23 %. But others factors for corporate governance in Indonesia had been increase in 2008, such as equitable treatment of shareholders in the year 2008 was 86.35% which is shows an advancement comparing to the previous study only 83.02 %. The role of stakeholders percentage also rise up in the year 2008 which is 63.64 % comparing to the previous study which in only 58.76%. Other factors that have been changing which is disclosure and transparency of the company, in the year 2008 it reach 70.81 % and the previous study only reach 52.36 %. The last factors that upsurged was responsibilities of the board, in the year 2008 in achieve 59.02 % and the previous study only 52.36 %. The overall mean score of the year 2008 was 64.96 % and the previous study was 61.26 %. The data shows that by using the OECD principles , the situation of corporate governance in Indonesia is getting better. Chapter 5 Conclusion and Recommendation Appendix 1 SURVEY English Language Dear Respondent, I am one of the students from the University of Bradford doing a final year project titled à ¢Ã¢â€š ¬Ã…“Corporate Governance Status in Indonesiaà ¢Ã¢â€š ¬?. From this questioner I hope I can gather some lesson about the situation of corporate governance in Indonesia. All the information from this survey will be only used for academic research only. And all the feedback from yours will be kept safely. I appreciated your time for filling this survey. Thank you. Regards, Kenan Simanjuntak Email : [email  protected]/* */ Please tick (à ¢Ã‹â€ Ã… ¡) for the answer that you choose [SECTION 1] 1. Do you know what is corporate governance? Yes (continue) No (stop here) 2. How well do you know corporate governance? Very bad Bad Neutral Good Very good 3. What is your status in your company? Director Manager Supervisor Non-Supervisor 4. How is the relationship between the director and the shareholder in your company? Very bad Bad Neutral Good Very Good [SECTION 2] 5. How effective is your corporate governance report being used in your company to attract more investors? Not effective at all Not effective Neutral Effective Very effective Does corporate governance is effecting the performance to the leaders of the company? Very Low Low Neutral High Very High Shareholders Commissioners Directors 6. Please give rate for the company corporate governance disclosure reporting in your company No. Question Very Poor Poor Fair Good Very Good 7. Disclosing company financial data (also corporate governance data) right on time 8. Providing report about breakdown of shareholdings 9. Providing report about the attendance of directors and shareholders in AGM 10. Providing a report status of remuneration of each directors Appendix 2 Survey Indonesian Language Kepada responden yang terhormat, Nama saya adalah Kenan Simanjuntak dimana saya adalah salah satu siswa dari University Of Bradford. Disini saya melakukan tugas akhir saya yang berjudul à ¢Ã¢â€š ¬Ã…“ Status Corporate Governance di Indonesiaà ¢Ã¢â€š ¬?. Di sini saya melakukan sebuah survei mengenai tata kelola perusahaan di Indonesia. Semua informasi dari survei ini akan hanya digunakan untuk penelitian akademis saja dan semua masukan dari anda akan disimpah dengan aman oleh saya. Terima Kasih atas waktu anda untuk mengisi survei ini. Adapun saran dan kritik 20ias dikirimkan ke email di bawah ini. Email : kenan_ [email  protected]/* */ Salam, Kenan Simanjuntak Mohon beri tanda (à ¢Ã‹â€ Ã… ¡) untuk jawaban yang Anda pilih [ BAGIAN ke 1] Apakah anda tahu apa itu corporate governance? Ya ( Lannjut) Tidak( Berhenti disini) Seberapa paham anda akan corporate governance? Sedikit sekali Sedikit Cukup Mengerti Sangat mengerti Apa statu s anda di dalam perusahaan tempat anda bekerja? Direktur Manager Supervisor Bukan Supervisor Bagaimana hubungan antara direktur dengan investur di perusahaan anda? Sangat Tidak baik Tidak baik Cukup baik Baik Baik sekali [Bagian ke 2] Se efektif apakah laporan corporate governance di dalam perusahaan anda? Sangat tidak efektif Tidak efektif Cukup efektif Efektif Sangat efektif 6. Apakah laporan corporate governance mempengaruhi kinerja para pengurus perusahaan? Sangat sedikit pengaruh Sedikit berpengaruh Cukup berpengaruh Berpengaruh Sangat berpengaruh Investor Komisaris Direktur Tolong berikan nilai tentang laporan corporate governance report di perusahaan anda No. Pertanyaan Sangat tidak bagus Tidak bagus Cukup Bagus Sangat bagus 7. Pengeluaran laporan corporate governance di perusahaan anda apakah tepat waktu? 8. Apakah ada data mengenai penurunan harga saham? 9 . Apakah ada laporan mengenai kehadiran direktur dan investor di AGM? 10. Apakah dalam laporan corporate governance di perusahaan anda, dicantumkan mengenai laporan gaji para direktur secara detail?

The Narrative Of The Life Of Frederick Douglass - 1577 Words

Frederick Augustus Washington Bailey, more commonly known as Frederick Douglass, was born around 1818 in Talbot County, Maryland (Hagler). Douglass was one of the most influential human rights leaders and one of the most renowned abolitionists. By learning to read and write around the age of 10, Douglass was able to develop a greater understanding of the world that didn’t revolve around slavery, along with the desire to become a free man and civil rights activist (Hagler). Douglass is now well known for his famous autobiography, The Narrative of the Life of Frederick Douglass, in which he recalls his many experiences in slavery and the ways he dealt with the daily suffering. In his autobiographical narrative, The Narrative of the Life†¦show more content†¦Douglass is able to paint the most horrendous and vivid picture in the mind of the reader, and just imagining the things that Douglass includes in his autobiography would make anybody want to see slavery put to a n end. Another time Douglass is able to really demonstrate his abilities with harsh imagery is when he describes the slave ships. Douglass recalls the masses of dead bodies would remain shackled to the other barely living slaves on board. Douglass also writes about how the people in the harbor could smell the slave ships even before they could see them, most likely from the smell of the ships rarely emptied waste buckets. Douglass is able to paint another sad scene in the reader’s mind when describing the way slaves would choose certain death by jumping over the edge of the slave ships, just to escape the horrible treatment on the slave ships that they had to endure. Lastly, Douglass describes the food the slaves were fed on the ships, which was nothing more than rotten corn meal full of maggots and rotten scraps. Another occasion Douglass used harsh imagery was when describing the two slaves in Baltimore, which he described as emaciated and sickly. Douglass tells how the two slaves were so neglected and not taken care of that they had hair falling out of their scalps, and after reading the passage on them, the reader feels sympathetic towards them, and feels as if they know the two girls, when the reader

Feminism Is The Belief Of Political, Economic And Social...

Feminism by: Laura Capellà ¡n Feminism is the belief in political, economic and social equality of the sexes and is one of the leading conflicts in today s society. In the past years, women had faced many battles to fight and give these rights to women who have been deprived of their rights and privileges that were never given to them by men. I believe that every person is entitled to have equal opportunities in this world. Feminism has proven to slowly accomplishing this. Even if it meant hurting the people that you love. The Victorian-Era came change. This caused conflicts between right and wrong for a women during this time. Feminism took a huge role in the roaring twenties that no one saw coming. For example a â€Å"new woman was born† , which I believe is huge part of the feminists movements, instigating many changes to the societies to come. Starting a different stereotype for women. Before the twenties, the typical women would be what people consider today to be â€Å"stay at home mom†. The women would stay home while the men worked; that meant cleaning, cooking, taking care of the kids, and doing whatever is necessary to please the standards of their husbands. Many women had carry the expectations that were held by their mothers. I disagree with the â€Å"typical women† during this time because I believe that a women should be independent without being tied down by a man. Another example, women started to make changes for the better. Believing that they couldShow MoreRelatedThe Definition Of Modern Day Feminism1116 Words   |  5 PagesLanguage 13 November 2014 The Definition of Modern Day Feminism â€Å"Feminist: a person who believes in the social, political, and economic equality of the sexes.† This is what Beyonce, one of the most famous and influential Women of Color in the past decade, claims in her 2014 VMA performance, with a large, shining backdrop of the word ‘feminist’ behind her. This quickly became one of the most direct and most widely-known displays of her feminist beliefs, and Beyonce is far from the only celebrity who hasRead MoreFeminism Is Defined As The Theory Of Political, Economic,1011 Words   |  5 PagesFeminism is defined as the theory of political, economic, and social equality of the sexes. (Definition of Feminism) and also as the organized activity on behalf of women s rights and interests. (Definition of Feminism). 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Social class and participation in further education Free Essays

At the first portion of this appraisal I need to indicate out the most of import points discussed at the article â€Å" Social category and engagement in farther instruction: grounds from the Youth Cohort Study of England and Wales † written by Ron Thompson. Before I carry on with my treatment, I have to squeal that this article had a great impact towards my personal thought refering the educational reform that is taking topographic point in Cyprus. I have found a batch of similarities refering our educational systems and its jobs with the one the writer is discoursing. We will write a custom essay sample on Social class and participation in further education or any similar topic only for you Order Now At this paper, the writer examines the category distribution of immature people, aged 16-17 old ages, in colleges of farther instruction ( FE ) by utilizing informations from the Youth Cohort Study. He finds, contrary to popular perceptual experiences of FE colleges as being for ‘lower category people ‘s kids ‘ , middle-class pupils every bit good as propertyless pupils are good represented. In contrast, this does non connote that FE colleges are establishments of pick because middle-class representation is frequently related to take down accomplishment and, for low-achieving propertyless pupils, go forthing instruction wholly is more likely than entry to FE. In recent discourse on the instruction of immature people and grownups, and as Avis reference out, recounts how educational research from the 1980s, on the manner in which pupils ‘ experiences in instruction served to reproduce class-based orientations towards waged labor, came to be superseded by a place that, whilst supplying more complex histories of larning experiences, favoured procedures related to individualisation instead than the structural footing of category inequality. Furthermore, Avis calls for structural histories of societal inequality – including race and gender every bit good as category – to be placed one time more in the foreground, whilst retaining an consciousness of the complexness of educational and societal dealingss. ( Avis, 2006, p.344-345 ) Even though the writer efforts to highlight category in relation to educational patterned advance by concentrating on the engagement of 16-17 twelvemonth olds in farther instruction ( FE ) colleges in England and Wales, nevertheless these colleges are frequently conceptualized as mostly propertyless establishments, both historically and culturally, and as enduring from a marginalisation that belies the recent important additions in authorities disbursement on FE. As Richardson mentions the predominating attitudes to the sector that so far as those in Whitehall and the media are concerned, the cardinal but mute point about colleges of general FE in stratified England remains that they are tiring, difficult to understand and something best suited to ‘other people ‘s kids ‘ ( Richardson, 2007, p.411 ) . Not merely Richardson mentioned this but besides Raggatt and Williams ( 1999 ) are conveying similar points, observing a systemic disregard of FE that is class-based and related to images of FE as a 2nd pick establishment concerned with low-status vocational or reme dial classs. ( 455 ) UK authorities have topographic point a cardinal function refering the FE in the 21st century. The FE sector in England and Wales occupies an uneasy link of policies associating to societal inclusion and planetary fight. FE is holding a cardinal function in the creative activity of future high-skills, knowledge-based economic system and as lending to societal coherence, indirectly through wealth-creation stimulated by high accomplishments and straight by agencies of educational proviso aimed at deprived persons. However, these places have been questioned by many research workers, and the ‘competitiveness colony ‘ has acquired a hegemonic position within instruction and is responsible for much of the rhetoric permeating authorities policy. In pattern, FE is positioned within womb-to-tomb acquisition and as a supplier of academic and vocational classs whose common characteristic is their lower position compared with those offered by more esteemed establishments, such as universities, sixth-form colleges and school 6th signifiers. But as Bathmaker reference, many immature people, inscribing on a class in FE is a silent recognition of their lower position as pupils and of the fact that certain chances are closed to them, they ‘follow a peculiar path, non so much because they know what they want to make, but because they know what they can non make ‘ ( Bathmaker 2005, 86 ) . These pupils are improbable to reflect the authorities ‘s placement of FE within its rhetoric of ‘learning society ‘ . Indeed, their attitudes to larn may be seen as ‘reflecting non so much built-in capacities of single scholars, as a response to their placement in an instruction and preparation hierarchy. ( 252 ) Something that needs to be mentioned at this point is that the category distribution of immature people, aged 16-17 old ages, across the varied locations of post-16 instruction is examined. However, the great bulk are following full-time classs. For the higher societal categories, this is chiefly in schools and sixth-form colleges ; for the lower societal categories, attending at an FE college is non much less likely than attending at a school or sixth-form college combined. In old educational attainment is taken into history, the distribution of immature people in full-time instruction reveals that the category composing of FE is constructed as much from middle-class failure as from propertyless disadvantage. Working-class 16-17 twelvemonth olds in full-time instruction with five or more GCSE base on ballss at classs A*-C are twice every bit likely to go to an FE college as those from the highest societal category with the same scope of makings. At the same clip, 16-17 twelvemonth o lds from higher societal categories with fewer than five A*-C classs are more likely to be in FE colleges than similar propertyless pupils. ( 180 ) In decision, the societal composing of 16-17 twelvemonth olds in FE colleges in England and Wales derives from the interaction of two chief effects: the increasing likeliness of go toing such establishments with falling category place ; and an increasing engagement rate in post-compulsory instruction with go uping category place. These effects are strongly modified by old educational accomplishment, so that high-achieving working-class immature people are less likely to go to FE than their category place might bespeak, and low winners from the in-between category are more likely to happen themselves in a farther instruction college than might be expected. However, a important category consequence remains: in the higher class of attainment, working-class 16-17 twelvemonth olds are more likely to go to FE than equals from the in-between category, whilst in the lower class the contrary is true. Gender differences are besides mediated by category to some extent Furthermore, research that makes seeable middle-class immature people in the FE system alongside their working-class equals could assist to reply the inquiries raised. How to cite Social class and participation in further education, Essay examples

Protective Value of Estuarine and Coastal Ecosystem

Question: Discuss about the Protective Value of Estuarine and Coastal Ecosystem. Answer: Introduction: Kim operates a bakery which specializes in making different kind of bread and related products such as cakes and pies. The business has been struggling in the recent months and is either making losses or very small profit in last few months. He is of the view that main problem with the business is the pricing of different products. Problem with pricing of different products The major problem for the bakery is to price all the individual products that the company has on offer. Since the resource estimate for each of the products are not well defined, there are chances of over pricing one product and underpricing the other. He determines using his objective thought process what is the probable value of the product and that is how they set the pricing of the product. Kim has identified that there is a need to identify the actual product cost and then put up a margin above it which will insure that not a single product is sold in loss. If this strategy is implemented properly then there wont be any issue with the pricing of the product. It has been seen historically in any business if one can identify the costing of the product in the right manner and is able to charge the mark up on the costing to the customer, the business wont see any losses (Beguera, 2014). Cost Aspects As we can see from the various aspects of costs in the bakery, there are some which qualifies as fixed costs and some which qualifies as Variable costs to the product. The fixed cost is something which is recovered over a period of time, while variable cost of the costs of goods sold need to be recovered in the raw pricing of the product. In this case rent, bakery equipment, insurance policy are fixed costs and that is something which needs to be recovered from the contribution margin (Beguera, 2014). While the other costs such as costs of raw material, electricity, heating, advertisement, and staff cost are variable costs. These set of costs need to be recovered within the pricing. The main difficulty which Kim has in determining the costs are the fact that what cost goes to which product line. As seen in the case Kim has different product lines and hence what aspects of the cost goes to which head is very important to determine. Pricing Model The pricing model in this case which Kim wants to implement is pricing recovery model. Under this model the business intends to recover all aspects of the cost and make sure that all cost heads are built into the price. This kind of model works well into a manufacturing system as each aspect of cost is very well defined. However in case of service of complex inputs into the product it becomes very difficult to determine the exact price of the product. Advice for Kim It is advisable to Kim that he breaks down all fine inputs which goes into final product preparation. This will help in drilling down the exact cost of the product. It is very important that product has all possible inputs on pricing. This is the reason why Kim should work on determining all critical aspects of the business and then map out which resource is going into which production unit. This will finally help in mapping all aspects of the business and then do proper costing exercise. Budgeting is one of the most critical exercise and it is very important that all organizations adhere to it in all possible details. This is one annual exercise which if performed in details helps out individuals in meeting all requirements of the organization. Budgeting tends to become the benchmark for an organization to follow. Budgeting is a very important process in the whole business system. The budgets are generally created at the start of financial year or may be at the end of the previous financial year. Lot of historic information is used and then the same is mapped on the current market situation. Budgets stand to become the benchmark which the business need to follow throughout the year and report to the management of the company. The budgets are generally approved by the board of the company and are used to compare the actual performance of the company vis--vis the budget. The performance assessment of the business involves lot of analysis and one should see what are the possible targets or benchmark with which one compares the actual numbers. In preparation of the budget all targets that the business wants to achieve or can achieve are built into the budget. This is then used actively by the business and then the same is mapped with all other aspects of the business. It is expected that from any business house that they will detail out all aspects of the business in the form of numbers. This numbers are driven by different business function heads who articulate the expected revenue numbers. This revenue numbers are function of business situation, historical revenue numbers, market share of the business and the possible strategy and the resultant growth in the coming year. The modern day businesses thrives on the budget and the management derives lot of its strategy based on the budget. The budgeting numbers help in distributing targets to the line manager. The line manager then tends to take it to the whole sales team who are responsible for actua l sales. On the other side there are people involved who are responsible for proper cost management. The expenses of the company ideally should not cross the budgeted figures. This is where people who are responsible for expenses need to monitor using the budget all the expenses. Any variances that can occur under this category now need to be reported and approved by the management. The budget tends to a good benchmark vis--vis which business compares itself. All the variances whether revenue or expenses need to be reported to the management who will then explain it to the board. The variance tracking in businesses vis--vis the budget is a very important activity across business houses. The reason for the same is the fact that it helps the business maintain checks and control over its performances and take corrective actions if any. Let us see with an example on how a typical company might consider few business decisions before making a budget. Some of the key initiatives planned for Company X for Jan17 Mar18 are and change management procedure may be considered for these: Marketing target US market; Delivery strategy to address global clients other MCO Covance shall have clarity once we have the marketing strategy in place; Upgradation of Product to cloud-based version available across devices with added functionalities; Encryption of web-hosted db (client data) for website; Migration to HRMS cloud-based solution ongoing process of evaluation of vendors from the functional and infosec perspective; Implementation of a Learning Mgmt Solution for measuring training effectiveness; Migration to INDas for A/c (external change); Implementation of GST (external change); Enhancement of BCP capabilities to include scenario of primary site server shared drive not accessible for processes run on ICRON network; Capabilities to operate seamlessly as a multi-locational unit with possibility of setting up a small delivery centre in another city; Adoption of new technologies like visualization ..; Migration to ISO 9001:2015. So this typical business house need to consider all this inputs as broader perspective before taking a budgeting call. As we can see company intend to take some new expenses in the coming year for better revenue flow, this is where the costing teams need to incorporate all possible expenses and cash outflow from the company. We have now been able to see why budgeting is so important and why all critical inputs totally add up to a lot when making a budget. References: Beguera, S., Leandri, M. and Campos, P., 2014, May. An operative environmental accounting framework for forest land blue water production. InEGU General Assembly Conference Abstracts(Vol. 16, p. 4962) Dong, M., Ryan, S. and Zhang, X.J., 2014. Preserving amortized costs within a fair-value-accounting framework: reclassification of gains and losses on available-for-sale securities upon realization.Review of Accounting Studies,19(1), pp.242-280 Barbier, E.B., 2016. The Protective Value of Estuarine and Coastal Ecosystem Services in a Wealth Accounting Framework.Environmental and Resource Economics,64(1), pp.37-58 Zimmermann, J. and Werner, J.R., 2013. Explaining the Evolution of a New Accounting Framework.InRegulating Capitalism?(pp. 3-12). Palgrave Macmillan UK Kemme, D. M., Koleyni, K. (2016). Exchange Rate Regimes and Welfare Losses from Foreign Crises: The Impact of the US Financial Crisis on Mexico.Review of International Economics. Kirton, J. (2016). G8 Financial Crisis Governance.Journal of European Social Policy,26(3), 1-20.