The position of non-executive director Essay Example | Topics and Well Written Essays - 1000 words

The position of non-executive director - Essay Example The researcher of the current paper states that there is no distinction made between the responsibilities of a non-executive director and an affiliated director. According the United Kingdom company law, however, both have distinct roles while fulfilling their responsibilities. The affiliated director is an employee of a company and is given an executive position and authority to involve in the day to day business operations of the company; on the other hand, the non-executive director is not an employee of the company; consequently, he or she does not possess an executive position or executive authority similar to the executive position or executive authority extended to the affiliated director. In addition to that, the affiliated director receives salary or remuneration for his or her services performed for the company; on the other hand, the non-executive director charges fees for providing his services for the board. Fundamentally, the functions of the non-executive directors are to provide a creative contribution to the board with the provision of objective criticism. Also, the non-executive directors are required to ponder over the board matters and avoid straying into the executive direction, which is the role of the affiliated directors. And, at the same time, the affiliated directors involve and carry out the executive decisions for the company on day to day basis in contrast to the function of the non-executive director. ... Consequently, the Sarbanes-Oxley 2002, in the United States, and Higgs Review of Non-Executive Directors in 2003, in the United Kingdom, revitalized the role of the non-executive director and gave more clarity to the participation and contribution of the non-executive director. Dispersed and concentrated ownership Particularly, in the United States and the United Kingdom, the dispersed ownership, which is also identified with the term â€Å"outsider systems† (Maher and Andersson, 1999), is featured with relatively high turnover along with widely dispersed share ownership; in the dispersed ownership, a more equitable distribution of information and a considerable emphasis is given to the protection of the shareholders rights and, especially, those of minority investors. On the other hand, concentrated ownership, also known as insider systems, have features such as the presence of ownership concentration or concentration of voting power in a few hands along with a multiplicity o f corporate holdings and inter-firm relationships. The specific examples, denoting the concept of concentrated ownership, include familial control, banks, holding companies and other non-financial institutions. Both types of ownerships offer different sorts of advantages. The dispersed ownership provides the benefits such as extended liquidity of stock; as a result, the investors can easily avail the better risk diversification possibilities; and, at the same time, the corporate governance framework in the dispersed ownership encourages the use of public capital markets (OECD, 1999); on the other hand, the problems such as supervision and monitoring of management, which remains to be a point of high tension in

Ethnomethodology Essay Example | Topics and Well Written Essays - 1500 words

Ethnomethodology - Essay Example As a function of this realization, the following analysis will engage the reader with a discussion of a global village, comprised of only 100 people – with representatives from around the globe, as well as seeking to promote a further level of understanding and appreciation for the way in which a more equitable representation of life within this village could be affected. It is the hope of this author that such a level of analysis will be beneficial and eye-opening with regards to many of the issues that currently face the global system. From the prompt of this essay, it was noted that of the 100 individuals that comprise the population of this village, 50 of them would suffer from now nutrition, one of them would be dying of starvation, over 80 would live in substandard housing; moreover, of the 67 adults that would live within this village, over half of them would be unable to read or write. More specifically, only one individual within the entire village would have a colleg e education. Of the 50 individuals who were members of the paid workforce, only 33 could define themselves as full-time employees with a stable/steady job. Interestingly, of these 100 residents in such a village, only five of them would be American. Yet, these five American individuals would hold 32% of the wealth of the entire village; by means of comparison, 33 people would live on 3% of the total wealth of the village. From the statistics that have thus far been presented, it can clearly be denoted that a fundamental level of inequality and disparity is represented within such a global village. Ultimately, the query for this particular analysis is concentric upon trying to understand the way in which the wealthy five individuals could live in peace with their neighbors; serving as a microcosm for the greater argument of how the United States, a uni-polar force and dynamic economic powerhouse within the world, can continue to integrate a fair and equitable manner with the world th at suffers from inequality, poverty, hardship, lack of education, and all of the other issues that have thus far been represented. The first step that can and should necessarily be made with regards to creating a more ethical and moral approach to the global realities that define our world, is with regards to demanding a level of educational parity around the world. Since the conclusion of the Second World War, the United States and other powerful Western economies have been in the position to enforce legislation and global commands upon a litany of different nations around the globe. Invariably, these requirements have been concentric upon economic requests and constraints of financial integration. However, in order to impact upon poverty, hopelessness, starvation, and a litany of other different issues that were researched and covered within the introduction of this brief analysis, it is absolutely interval to demand a level of educational attainment and access to each of the indi viduals living within this global village. Experts and scholars have long denoted that almost each of the negative realities that currently define the inequality that exists between the very rich and the very poor are contingent upon an overall lack of access and/or a lack of