Saturday, October 5, 2019
TECHNOLOGICAL CONTROVERSY Essay Example | Topics and Well Written Essays - 2000 words
TECHNOLOGICAL CONTROVERSY - Essay Example As people use cell phone regularly and as it causes radiation it can cause cancer. The cell phone causing cancer is a controversial issue because some do not accept that this statement true. The scientific world has not gathered enough evidence to prove that cell phone can cause cancer. The assumption is based on the fact that the cell phone causes radiation. And radiation is a main reason for cancer. A continuous exposure to radiation is a fact that can convince the connection of cancer with cell phone use (NCI) .In theory, children have the potential to be at greater risk than adults for developing brain cancer from cell phones. Their nervous systems are still developing and therefore more vulnerable to factors that may cause cancer. So an examination of cell phone use and its effect on human body need to be studied. Scientists have been alerting people about the adverse effect of cell phone on humans. The fact is that the cell phone emits 1000 times higher than the base stations, and it has greater likelihood of causing problems to brain and upper part of human body. The epidemiological evidence suggests that there is an association between radio frequency emitted by wireless phones and head cancer. The radio frequency is classified by International Agency for Research on cancer as possibly carcinogens to humans. According to (Burrell 23-34 ) ââ¬Å"A Swedish study on the use of wireless phones, including cell phones and cordless phones, has uncovered a link between electromagnetic radiation exposures and the risk of malignant and non-malignant brain tumorsâ⬠. The studies reveal that the people who used cell phones for more than a year is at 70% risk of cancer and those who used cell phone for more than 1640 or more has 180% risk. The risk of cancer is greater in the part of the brain where cell phone was exposed. Many scientists have claimed that
Friday, October 4, 2019
The Recruitment Method and Selection Procedures Applied at the Research Paper
The Recruitment Method and Selection Procedures Applied at the McDonalds Corporation - Research Paper Example This paper seeks to assess the effectiveness and appropriateness of the recruitment method and selection procedures applied at the McDonald's corporation. It will also address the use of the internet as a recruitment tool at McDonald's. it is expected that proper recommendations for improvement will be presented after an evaluation of the strengths and weaknesses of the recruitment policies and procedures applied at McDonald's. McDonald's opened its door to the UK public in 1974 and as of the end of 2004, there were over 1330 McDonald's UK restaurants, with 60 % being company owned, employing 43, 491 individuals and the rest being franchises, employing 25, 000 individuals. For each McDonald's restaurant, its management is responsible for maintaining its own independent operations, accounting, inventory control, training and Human Resource functions. There are two groups of employees; the hourly-paid, also known as the crew members, and are charged with the task of carrying tasks that ensure a restaurant runs efficiently. The other groups are the salaried managers who manage operations and oversee the business and crew members' performance. McDonald's established that for the organization to register improved organizational outcomes, it is imperative that effective recruitment and selection practices are applied.Ã McDonald's prides itself in being an equal opportunity employer that does not discriminate along gender, nationality, race, colour, marital status, age, religion, political affiliation or any other unjustified reason. In 1992, McDonald's put in place the Equal Opportunities Group that was aimed at encouraging a workplace that was characterized by equality and diversity.
Thursday, October 3, 2019
Frankenstein - Knowledge As A Force Essay Example for Free
Frankenstein Knowledge As A Force Essay Mary Shelleyââ¬â¢s Frankenstein brings out a very prominent and unavoidable theme: the dangers of knowledge. It is often said that there is nothing wrong with learning new things, but Shelley makes it a point to prove that wrong. Dr. Frankensteinââ¬â¢s voracious and successful approach to necromancy proves that very distinctly. Though the novel does not explicitly state that there are things best left to higher powers, the novel does highlight, very pointedly, that a man should act as such, and should not interfere with either that which he is not meant to, or that which opposes the natural way of things. Dr. Frankenstein does both. It is not a matter of controversy that humans are not meant to play God, and reanimating a corpse constructed from the remains of various other corpses falls very firmly in the realm of actions classifiable as both unethical and unnatural. Effectively, the entire book may be paraphrased, as ââ¬Å"Dr. Frankenstein was a perfectly cheerful student, until he played God, following which, his entire life crashed around him, and he lost virtually everyone and everything he loved.â⬠Shelley does not explicitly state that there are things solely in the realm of God, but the books makes it clear nonetheless that some things were made to transcend human knowledge, and that violating this law will have natural and terrible consequences. Shelley wishes, then, to paint knowledge as a formidable force that should be approached with intense caution. Her Frankenstein is a warning. Three of the prominent characters in the novel Frankenstein, Victor Frankenstein, Robert Walton and the monster, all share a thirst for knowledge that ultimately leads to downfall in one way or another. Shelly, in her novel, portrayed how Victorââ¬â¢s journey to seek knowledge led to a life of misery and sadness. Even upon meeting Walton, Victor says, ââ¬Å"You seek for knowledge and wisdom, as I once did; and I ardently hope that the gratification of your wishes may not be a serpent to sting you, as mine has beenâ⬠(Shelly 62). Although this quote only implies that his downfall was due to the monster, in reality, his downfall began long before even the monster was created, as evidenced by Victorââ¬â¢s (literally) inhumane quest for knowledge. From a very early age, Victor Frankenstein had a thirst for knowledge. He was captivated by the sciences; he spent all his time just studying from the work of the older scientists. In the university, when he was told that all his time spent studying has been a waste, as new discoveries have been made, he became angry. Ironically, his obsession with science became even stronger and he devoted his life acquiring even greater knowledge. This obsession was where it all began. Victorââ¬â¢s quest for knowledge was a selfish quest of sabotage; his obsession to create a life form was so deep that he ignored everyone he knew. This thirst to surge beyond the accepted human limits and access the secret of life led to one disaster after another. Similarly, Robert Walton desires knowledge beyond limits. Waltonââ¬â¢s quest to reach the northernmost part of the earth is similar in spirit to Victorââ¬â¢s quest for the secret of life: both seek ultimate knowledge, and both sacrifice the comfort of the realm of known knowledge in their respective pursuits. When Walton says, ââ¬Å"What may not be expected in a country of eternal light?â⬠(Shelly 50). It becomes certain that Walton is ready to surpass any limit for the pursuit of total knowledge. Light in this context, is a symbol for goodness and knowledge. If we closely examine, we discover that Robert Walton possess the same desires as Victor Frankenstein, and can be addressed as ââ¬Å"a potential Frankenstein, another man . . . seeking out ultimate knowledge by conquering the worldââ¬â¢s uncharted regionsâ⬠(Claridge 85). Victor, seeing Walton having the same thirst, warns him; ââ¬Å"Learn from me, if not by my precepts, at least by my example, how dangerous is the acquirement of knowledge and how much happier that man is who believes his native town to be the world, than he who aspires to become greater than his nature will allowâ⬠(Shelly 81). Knowledge not only destroys Victor Frankensteinââ¬â¢s life but also of the monster. Firstly, He was the creation of Frankensteinââ¬â¢s desire to gain knowledge. He would have never come to life if Frankenstein had control over his obsession. Secondly, the monster delves deeper into sadness when he acquires knowledge the world has to offer him ââ¬Å"I cannot describe to you the agony that these reflections inflicted upon me; I tried to dispel them, butà sorrow only increased with knowledge. Oh, that I had forever remained in my native wood, nor known nor felt beyond the sensations of hunger, thirst, and heat!â⬠(Shelly 146). If the monster did not have any knowledge, he would have felt none of the emotions or reflections that people have inflicted upon him. Finally, the greatest impact of the monsterââ¬â¢s actions is due to the knowledge that of him alone in the world ââ¬Å"I am an unfortunate and deserted creature, I look around and I have no relation or friend upon earth. These amiable people to whom I go have never seen me and know little of me. I am full of fears, for if I fail there, I am an outcast in the world forever, without any love or affectionâ⬠(Shelly 158), this knowledge, beyond his basic sensations, makes him a so-called ââ¬Å"Monsterâ⬠and the cause of all mayhem. This, conclusively, is Mary Shelleyââ¬â¢s severe warning to the reader. It is a strict warning to the reader to remain humane and reasonable in their quest for knowledge. The text, then, also professes a deep romanticism in that it shows, very clearly, that one should not stray from that which is natural. It preaches that things are exactly how they are, but also warns that knowledge is not something to be trifled with. The text also carries with it, a long standing theme of consequences; Victor defied nature and raised the monster, and it then seemed like everything around Victor was dedicated to driving him to depression or death. Eventually, defying nature got the better of him and he died, desolate and alone, away from his home, and nature claimed yet another human that defied it.
Definition And Concepts In Building Refurbishment Construction Essay
Definition And Concepts In Building Refurbishment Construction Essay Although building cannot have an infinite economic life, it is widely acknowledged that the process of fabric and structural decline can be slowed down by routine maintenance programs. Occasionally, a shortsighted slumlord will direct a property manager to operate a property to get the maximum returns in term of rental. This usually occurs when an owner refuses to make any repairs except those necessary to keep the property operating. This type of owner treats building as an operating asset in state of an investment. Nowadays, this kind of situation is getting lesser and lesser cause more and more office building is being held as investment by public listed company of good reputation. This is true especially for building acquired and maintained by REITs company as the property portfolio. Nowadays, more building owners treat their property as an investment. This is especially true when they engage the service of a property manager. In this situation, property is being exploited by achieving the best return on capital possible and generates productivity from occupier. At the same time, the property will also be well managed in order to add capital appreciation to the property. Failure to maintain the property regularly can impair the structural integrity of the fabric, accelerating the decline in investment returns until the point where refurbishment options need to be considered (John R. Mansfield, 2000). Technically, refurbishment is the process of making as good as new, including essential modernization and renovations. But, Quah suggests that à ¢Ã¢â ¬Ã
ârefurbishmentà ¢Ã¢â ¬Ã has become a generic, interchangeable term, apparently distinguishable from other specialist activities. Therefore, a clear definition of refurbishment is being quoted from other researchers to clear the doubts. Egbu (1996) considers à ¢Ã¢â ¬Ã
ârefurbishmentà ¢Ã¢â ¬Ã to encompass rehabilitation, alteration, adaption, extension, improvement, modernization and repair work carried out to an existing building to permit it reuse for various specific reasons. This definition tells the main reasons of refurbishment, which is to make sure a building is able to operate continuously, and offer better services that suit the demand of the tenants. Normally owners have different perspective when it comes to decide whether to refurbish or redevelop their office building. There are also no rules in the decision-making for refurbishment or redevelopment of office building. But, Reginald Lee from university of Reading has formulated three important issues when it comes to the stage when decision is required. The existing condition of the building needs to be surveyed. If the structural was sound, refurbishment might be considered. If it was very dilapidated, demolition and redevelopment mould probably be the only realistic course of action. This might occur where the structure has been allowed to deteriorate over a no of years, beyond useful refurbishment. The third issue concerning desirable level of refurbishment cannot be considered in isolation. As construction resource is limited and required a large amount of capital, a correct decision is important. Refurbishment by arresting decay extends the physical life of a building, thereby delays and defers expenditure on redevelopment to a large extend this will depend upon the degree to which it is possible to modify the internal layout to accommodate changing tenants requirements there is thus a relationship between the adaptability of the design, building life, maintenance costs and new construction cost. Older building do not make the best possible use of space for modern-day use. Normally in Malaysia, a design efficiency of 75% is considered the desirable norm of an office building. New high rise building aim to have a design efficiency of above 75% whereas buildings constructed between 1920 and 1970 have at best 60% to 70% efficiency. In order to adapt a building for today processes, refurbishment may become so intensive to make redevelopment a better alternative. Better use of space can often be achieved by a completely new design. If the existing space available is insufficient, the possibility of extending the premises may be considered. If space around the site does not permit this approach, some form of redevelopment may become essential. Te efficiency ratio (net let table area divided by gross floor area) of older buildings. A well conceived building today can have an efficiency ratio of about 80% If building cost is expected to rise drastically in the future, it is better not to postponed the decision for redevelopment by choosing refurbishment. The expected rise in building cost will have an effect on the decision
Wednesday, October 2, 2019
Eastman Kodak analysis Essay -- essays research papers
At your request, I have compiled information on Eastman Kodak Co., so that you may come to an investment decision. The report will consider the companyââ¬â¢s background (including Kodakââ¬â¢s areas of production), a past obstacle Kodak has had to face and overcome, and a financial snapshot of Kodak over the past five years. BACKGROUND Originally founded in 1880 by George Eastman, the Eastman Kodak company now stands as a leader in the infoimaging industry. Infoimaging is a $385 billion industry that consists of using traditional and digital film to allow people to capture and deliver images through cameras, computers, and the media. Currently under the direction of Chairman and CEO Daniel A. Carp, Eastman Kodak is divided into three major areas of production. 1. Kodakââ¬â¢s Digital and Film Imaging Systems section produces digital and traditional film cameras for consumers, professional photographers, and the entertainment industry. This segment accounts for 69% of revenues earned by Kodak in 2003. 2. Health Imaging caters to the health care market by creating health imaging products such as medical films, chemicals, and processing equipment. Health Imaging also places emphasis on radiology for dental, mammography, and oncology markets. Health Imaging accounts for 18% of revenues earned by Kodak in 2003. 3. The Commercial Imaging group produces aerial, industrial, graphic, and micrographic films, inkjet printers, scanners, and digital printing equipment to target commercial and ...
Tuesday, October 1, 2019
Representations of Gothic Power in Karl Freunds Mad Love :: essays research papers
Representations of Gothic Power in Karl Freundââ¬â¢s Mad Love (1935) à à à à à In Karl Freundââ¬â¢s 1935 film, Mad Love, many themes of Gothicism are addressed, such as the dichotomy of science and supernaturalism, the romance of suffering and the intrigue of insanity. However, one particular themeââ¬âpower through means of superiorityââ¬âis addressed in thorough detail. In defining this power, Freund specifically utilizes the motifs of sadism, helplessness, and human destruction. Dr. Gogol embodies these motifs as he attempts to win the love of Yvonne, not through courtship, but rather through the use of his self-assigned superiority. In staying true to the history of Gothic art, Dr. Gogol overestimates his supremacy, and ultimately loses his life as the victim of his own destruction. à à à à à Sadism, the most persistent aspect of power in the film, has been a significant feature of Gothic literature and art. As stated by the American critic Mark Edmundson, ââ¬Å"you cannot have Gothic without a cruel hero-villain; without a cringing victim; and without a terrible placeâ⬠¦in which the drama can unfoldâ⬠(Davenport-Hines, 8). This description of sadism is witnessed in the character of Dr. Gogol, the only person capable of both saving and destroying the heroine, Yvonne Orlac. As the film opens, the audience is presented with an overt depiction of Dr. Gogolââ¬â¢s incessant passion for Yvonne in the Theater of Horrors. As Yvonne is being brutally tortured on the stage, Dr. Gogol watches intently from his private box, partially obscured by the dark curtain. This initial representation cues the audience to identify Dr. Gogol as a particularly sinister individual. After the play ends and Dr. Gogol is recognized as a regular attendee of the theater , it becomes clear that this performance and its leading actress constitute Dr. Gogolââ¬â¢s infatuation with sadistic pleasures. à à à à à After Stephen Orlac loses his hands, Dr. Gogol realizes his position of power over Yvonne. As such, he personally indulges in sadistic behavior by secretly transplanting the murdererââ¬â¢s hands onto Stephenââ¬â¢s body, and once realizing the dangerous potential of the new hands, he does nothing to stop it. Rather, he manically rejoices in his creation and eventually exploits his medical position by framing Stephen for murder. Not only is Dr. Gogol pleased with the destruction he has caused, he appears to also be aroused after admitting to himself that he has killed Stephenââ¬â¢s father. This overwhelming presence of sadism in Dr. Gogolââ¬â¢s obsession with Yvonne is employed not simply to win her love, but to exert an inescapable power over her.
Corporate Governance Exam Paper
Games Directors play While analysing the Reality of Boardroom we say many games and tactics often employed by directors so that they donââ¬â¢t lose power. Some such games were alliance, coalition, lobbying, scaremongering, log rolling etc. Here also majority of BOD were near and dear ones of Bright so everybody chose to stay quiet about what is going on. Under-reserving Like we say in the HLL case under-reserving is a tactic used by firms but in the long run it cant stop companies from collapsing. Role of independent directors The question Are independent directors really independent has been topic of debate for ages.In the case the role played by independent directors is insignificant. Also it is questionable whether independent directors were present and in the number advised by law or not. Audit Committee The case talks about KPMG and the arguable role it played but what about the audit committee, was it existent, if so how was it functioning. Its composition and leadership nee ds attention. Manipulation Most of the cases of accounting frauds, falsifying records, deceiving shareholders and bankruptcy rest upon the manipulation of the balance sheet and the tactics used to fudge the data.Ex: Enron The company needs to take inspiration from firms like GSK, Infy, and tata which serve as examples of good CG. GSK * Chairman of board is independent director along with 5 others in in board. Transparency is valued Infosys * Creating wealth legally and ethically Tata * One of the giants and still fascinating governance * In sync with the values * Very elaborate code of conduct Board composition and structure One of the major flaw ways in the board structure is everyone was quiet about the rising storm dominated by power and status of Bright.There should be some independent directors with ability to question the acts and deeds and the following structures are recommended. European Two Tier model Shareholders Supervisory board Executive board Management Employees and staff The supervisory board overlooks functions of executive board and can question and alter the function This model is preferred over unitary board. Chinese model Here we see the presence of the state as a whole also takes society into account along with shareholders Board Leadership One of the major causes of the downfall was the role played by Bright.He was forceful and rigid and thus not a true leader. The features desired for a leader are: Integrity The ability to differentiate between right and wrong and govern in a manner that it is morally correct and sustainable Independence The board was like a dummy/puppet with no or very less degree of independence Intellect The creativity must not come out in form of manipulation and fraud but the betterment of the firm Character He must be ethical and strong character Personality A leader must be flexible and open to new ideas and suggestions. The personality is the holistic perspective.Communication skills, good listener, motivator e tc. Board level information Desired CG was not in place and there was no clear information pathway. The board did not check or authenticate the actions. Control systems The case clearly shows violation of many acts and laws. The board was not conforming to the supervisory work. The control system was not in place. Auditors at fault: In cases like Enron and worldcom it has been seen that the external auditors are able to flee away leaving the company in distress. Usually there are tie ups between management and auditors, some internal settlement that leads to uch actions. Role of internal audit committee is arguable. The company should have gone to auditors like Delloitte who are reliable and tested. Risks that should be considered ââ¬â Financial risk. Operational, compliance, Business Four aspects of CG Internal control, risk management, behavioural governance, independence Sarbax ââ¬â oxley act This is one of the landmark acts that came in 2002 after Enron and Worldcomm It says criminal and civil penalties for compliances and accounting frauds, certificate for internal audits and annual report is to submitted by all public and private listed companies.Also introduce PCAOBA (Public company accounting oversight board of America) Was criticized for high cost of compliance CG is a process by which companies are directed and controlled Many attempts have been made to define CG and this one by Cadbury is one of the most comprehensive . Cadburyââ¬â¢s definition ââ¬â ââ¬Å"Corporate governance is the system by which companies are directed and controlled. The boards of directors are responsible for the governance of their companies. The shareholderââ¬â¢s role in governance is to appoint the directors and the auditors to satisfy themselves that an appropriate governance structure is in place.The responsibilities of the board include setting the companyââ¬â¢s strategic aims, providing the leadership to put them into effect, supervising the manageme nt of the business and reporting to shareholders on their stewardship. The boardââ¬â¢s actions are subject to laws, regulations and the shareholders in general meeting. â⬠Mike and Minnow: Corporate Governance is a process of governing and directing the performance of any company and the major actors involved are directors, management, society and shareholders CG is basically to overlook, monitor, control and direct the functioning of the management.For this we have BOD and the code of conduct. Some acts, laws and norms facilitate this process of governance. Scope from least to highest Society Media and Press Shareholders Regulatory bodies Contractual Stakeholders Auditors Governance and Management (Diagram) As it is clear that the scope of CG is very wide. It is crucial that CG is acceptable and answerable to many. Functions of the board Majorly there are four functions of the board depending upon the conformity to past or existing and the performance expected for future.Th e four functions are accountability, strategy formulation, supervising and monitoring and policy making Matrix The accountability along with monitoring and supervising is the conformance part i. e. to past or existing situation. The policy making and strategy formulation comes under the performance part with focus on future value. Usually it is seen that independent directors are forced to conformance because they only understand what is going on. Strategic Formulation * This is the most crucial step of governance There must be shared view according to which governance and management abide * It involves SWOT, PEST, Porter analysis and asking of crucial questions of long term strategic importance * It is important to have helicopter vision balanced of long and short term * San Tzu ââ¬Å"Think the mind alike of your enemyâ⬠Policy making * This comes from the strategic formulation * Policies are rules, regulation and procedures that must be followed and abided Supervision & moni toring This is the conformance part to check that everything is happening as per the policies and rules or not Accountability * Accountability is to have proper system wherein respective people are accountable for any error or aberration * Only the top management is not accountable but usually is held responsible. Normative: How board thinks directors should spend their time How directors actually do spend their time Relation between functions Strategy formulation Policy making supervision and monitoring Accountability Roles: Agents and Stewards Agency theoryPrincipal shareholders contract with agents seek self interest It says that it is not possible that agents take care of other money with as much vigilance of vow. They seek personal interest and detrimental effect on shareholders Stewardship theory Owners chose and elect stewards(directors) who play the role of stewards Contrary to agency theory it says owners vest their trust in directors who act as stewards of shareholders mon ey. Along with the board the following roles are performed by the director Managing the board Managing the meeting Strategic leadership Cooperation between board and management Companyââ¬â¢s face to publicBy means of all these functions and roles the board makes an effort towards fair and equitable distribution of profit, ethical governance of firm and deters any unethical behaviour It lays clear rules, norms, laws and code of conduct to facilitate governance Maxwell communication 1991 ââ¬â Risky acquisition using pension funds leading to bankruptcy Bank of credit and commerce international Cadbury report 1992 ââ¬â best practices suggested How to implement it? For a company to enter in stockmarket it has to that it follows Cadbury suggestions Corporate governance is directly related to market valuation of a company.Better managed companies are valued more. Enron failure 2001 ââ¬â faulty accounting policies; creation of special purpose entities to conceal losses; exces sive executive compensation Worldcom 2002 ââ¬â The BOD did not oppose the ambitious investment of Worldcom in fiber optic cables and infrastructure to become a market leader (a short term goal). This led to huge losses when the boom for dot com ended. Measures to check such scenarios * Make BOD accountable to stakeholders * Make changes in structure * Clearly explain the responsibilities of Board Make them active board ââ¬â in giving a leadership to the company * Make the BOD to meet more frequently ââ¬â listed company at least 4 times a year * Lay down an agenda about what must be discussed Placing constraints, checks on management power including the CEO Eg: SKF micro finance ââ¬â CEO was sacked as he is no good There should be separation of position of chairman and CEO Ensuring a sound system of internal control and proper disclosure of financial information and executive compensation Auditors are continuing from 20 years Approaches to strengthen the CG 002 ââ¬â there was a proposal to change companies act 1956 2012 ââ¬â the bill was proposed in loksabha Very lengthy process to make a law But then one law for all companies reduces flexibility In 1998 CII appointed a committee under Rahul bajaj to create guidelines for cg which is only voluntary. Only 0. 1% adopted them. Voluntary Purely legal approach Cg code Code ââ¬â a set of practices, guidelines which are expected to be followed by the companies 2 approaches for cg code 1) Principle based ââ¬â lay down broad principles; comply or explain principles link it with listing.Make the companies which are not adopting explain why they are not adopting 2) Rule based approach ââ¬â comply or get prosecuted; in extreme cases companies are delisted. But then the shareholders are effected. Rule based approach is rigidity. The companies will try to outsmart the rules if they are rigid. Eg: BJP chief Nitin Gadkari driver was shown as a director in a company. The directors get huge mo ney for just attending 4 meetings, so they agree with whatever the companies say to earn easy money or else they would be removed from the board.CG in India * The issue of CG has come up mainly in the wake up economic reforms characterized by liberalization, privitization and globalization. * The way foreign investments is CG * The last point in previous year * SEBI committee on CG headed by SHri Kumara Mangalam Birla submitted its report in Feb 2000 * Clause 49 in listing agreement with stock exchanges made it mandatory for companies to follow recommendations by Kumara M B committee * Then Naresh Chandra committee is appointed by the â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. Indian Code Inspired by Cadbury code, 1992 * CII code ââ¬â 1998 (voluntary compliance could not make much difference) Implementation 2005 ââ¬â all the companies above 3 crore revenues Audit committee * As an interface between the board and auditors atleast 3 members (NED) majority of independent dire ctors * Looks after all the activities related to auditors i. e. appointment of reappointement of auditors * Reviewing of internal reports * Audit committee must meet 4 times a year * Gap should not be more than 4 months Disclosures Management discussions and analysis report * Related party transactions * Remuneration to NEDs Clause 49 Case of satyam First biggest and most shocking scam involving â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. Modus operandi of the scam * Super user login to some employees * Entering fake invoices * Boost revenues and profits * Falsified bank statements * Falsified interest income Role of board in satyamââ¬â¢s case Overlooking the reports The board said ok to all proposals by raju to direct funds to acquire lands in hyd Directors had a salary of rs 12 lakh annually
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