Corporate Fundraising Essay Example | Topics and Well Written Essays - 1750 words

Corporate Fundraising - Essay Example According to s 715A, the offer document should be presented and worded in a concise, clear and effective style. An offer document should supply with all relevant information and material to the investor and by doing so, the company would help the investor to make a wise investment decision. Thus, an offer document should be prepared as the guidelines provided in CA 20011. A proprietary company in Australia is barred from fund raising from the public. Some types of demeanour by corporations in Australia pertaining to financial services and products like the making of deceptive or bogus statements or involving in deceptive or deceptive conduct is barred. However, under s 113(3), a proprietary company can raise funds from the general public if the fundraising does not require a disclosure document where there is an exception. A corporation is not required to file a lengthy prospectus if it is exempted under s 708 or if the quantum of money to be raised is $ 10 m or less from the public. A company is required to file only an offer information statement if the amount that is going to be raised is $ 10 m or less. ... If the issue size is $ 5 million or less, an Australian company may issue offer information statements in lieu of a prospectus. In Hurst v Vestcorp Ltd (1988) 12 NSWLR 394, it was emphasised the significance of proper disclosure documents by a company while inviting the public for investment in its shares3. It is to be noted that offer of securities obtained outside Australia will not fall under the 700 (4) of the Corporations Act 2001 (Cth). For example, if The Green Coffee Company Ltd, makes an offer of $7 million and $15 million in capital in Vietnam, then Australian laws will not be applicable. Further , if The Green Coffee Company Ltd wanted to raise $ 10 million or less , there is no need to issue a detailed prospectus or if is exempted under s 708. If it is intend to raise more than $ 10 million, it has to compulsorily file a detailed prospectus with ASIC and is bound by its statements. Application of Law The Corporation Act 2001 function to make sure that the investors are sa feguarded when they make a decision to buy shares. Assuming that the Green Coffee Company Ltd and not a proprietary limited company , if the company wants to go for public issue , then it has to observe the provisions contained in Chapter 6D of the Corporation Act 2001(Cth). There are many options available for the Green Coffee company as regards to fund raising. It may go for a public issue or may approach bankers to advance loan or issue of debentures, etc. Thus, proper mixture of minimal public issue with loan capital may offer leveraging or gearing to the company thereby enhancing its Return on Equity (ROE). In a nutshell, Green Coffee Company may engage to release an offer information statement

Accounting fraud Essay Example for Free

Accounting fraud Essay Accounting fraud can be defined as knowingly falsifying accounting records in order to increase sales revenue and net income. Accounting fraud is committed in corporations by means of showing false information, using funds for illegal purposes or inflate expenses, overstating revenues, understating expenses or overstating the value of corporate assets. All these activities are entirely unethical. Behaving ethically depends on the capability to recongnize the ethical issues and to believe on their existence. This ability to respond ethically at workplace related more to attributes of corporate culture than to attributes of individual employee Individuals often fail to realise their moral obligations at work and by being subject to world’s temptation fails to tread on their set ethical standards and behave unethically. People especially of todays generation are so much engrossed in their own different criterias of their lives that they almost forget to confine themselves to ethical boundaries that is why ethical decisions are always difficult to make and its foundation is based on several factors however if we talk about the decision by considering moral philosophies of a person; that depends on whether the person is making a work-related decision or personal-life decision. See more: Basic Economic problem of Scarcity Essay A person in the business sector might view of the problem by thinking differently beacause of the outside force and under the work pressure. However, the same decision might be unacceptable to him outside the work. The second reason of people changing moral philosophies could be the corporate culture where they work. Rules and personalities of a business culture person eventually effects on the person and exerts pressure to conform to the firm’s culture. Edward Hall (1959), described culture as a silent language, and defines it as â€Å"that part of man’s behavior which he takes for granted, the part he doesn’t think about, since he assumes it is universal or regards it as idiosyncratic.† Geert Hofstede (1993) defined it as â€Å"the collective programming of the mind which distinguishes one group or category of people from another.† (P.489) A culture followed in corporate or on industrial level is known as Meso- culture and every organisation has t heir own set agendas regarding ethics because work ethics plays a pivotal role at work place to rein employees to behave ethically and keeping into account the ethical dimensions. In most of the organizations, there are set rules and policies specifically formulated to make ethical environment. Every  organization has a culture which mainly comes from the side of upper management and the rest of the employees follows the set trends and culture of their own corporate sectors. The culture of the organization varies from organization to organization because of the different perceptions of the chief executive officers (CEO) and the Board of Directors (BOD). Individuals in practical lives tend to take decisions according to their own moral values and set standards however, in business it changes and is quite the other way round. People get pressurised often and take decisions whatever is percieved as right or wrong in their surroundings and also choose on producing the greatest benefits with least harm. Individuals cannot simply enforce their personal perspective, though they are responsible for their actions but the idea of middle- management or entry level employee to have the freedom to take decision on their own at the work place is unrealistic.For example, if an employee can attract more customers by giving bribe to someone in the business, his decision would rely on whether complying with company policy or requirements is an important motivation to the individual or not. So for that purpose, according to Drake and Drake (1988), â€Å" there is a necessity for the development of training programmes to implement corporate values. These programmes must explain the ethical and legal principles to the employees and show practical examples which can be used as a guidance.† (p.111) Thus, the set principles and policies regarding work ethics in an organization and in addition to that the training programs can guide, govern or direct the employees to follow ethics and helps in institutionalizing organizations. According to ethics consultant David Gebler, â€Å" Most unethical behaviour is not done for personal gain, it’s done to meet performance goals†. Mostly people are of the view that individual moral philosophies plays main role for the ethical behaviour in business. Although moral philosophies learned through family, religion and education are important but it is only one factor which helps in decision making; it is not sufficient to prevent ethical misconduct especially in the business sector. Studies show that the reward for meeting performances and the corporate culture are the main drive rs in ethical decision making because the companies have a life of their own and the individuals working in the company are transcended by its corporate culture and with the passage of time, these patterened activities become instituionalized within the  organization. Peer influence also effects to some extent in the decision making; employees can be lulled by each other in making unethical decisions or when facing with ethical dilemmas nonetheless, everything still surrounds around the corporate culture and its strict policies for the ethical behaviour because when the policies will be strict, every employee would strive hard for the performance goal. If I fit myself in a situation where I can easily inflate my account on company’s expenses, I would be swayed by the company’s culture. I might not even think of committing any fraud or inflate the expense on company’s account, if the company is strict in its policies. But at times, it also depends on an individual moral values of a person in taking decision which is transmitted normally from families. According to my vantage point, individual moral development for taking a decision is a secondary factor; what drives first instantly to the person to behave ethically is the corpo rate culture since a company cannot rely on every individual to behave ethically on their own. They cant just stand in front of people and say they want them to have a good attitude and be excited, says Pecos River president Elizabeth Wilson. Taking decision in practical life and in work life differs. People in their work lives are driven by some targets and goals which are triggered in them by the organisation where they work and that effects on their performance. Similarly, when they take decision in their work lives , they are not driven by their own values, the company’s formulated culture effects their decision making. Nevertheless, if a person takes any decision without any concern or reflecting on the ethical dimensions; these sort of misbehaviours are referred to as â€Å"unethical business practices† (eg Garrett et al.,1989; Giacalone and Jurkiewicz, 2003 ; King, 1986).According to Murphy (1989), â€Å"Ethics should be followed in corporate sectors in the form of corporate creed and ethical code. The former establishes the organisational ethical values whereas the latter is a specific set of guidelines which must be developed in all functional areas of the firm.† To conclude, business ethics plays a pivotal role in developing a corporate culture. Although, all the implementation of principles and ethics is a bit difficult procedure but it impacts on the employees in the organisation in higher degree and rein them from involving in unethical activities. â€Å"It is obvious that in principle individuals are more ethical if a corporation has a written, formal code and  less ethical otherwise.† (Vitell et al.,1993,p.336). Hence, according to Vitell, the idea of a formal written code for ethics works well in corporate sector. In addition, moral values of an individual which are mainly effected by religion, personal cognitive approach, family, beliefs, education et cetera also plays an important role in preventing the employees in taking any unethical decision, however, it is only a secondary factor for an employee has a performance goal in his mind while working and the decision forms according to a corporate culture and the ethics followed in organizations since a company cannot rely on individuals individually to have e thical standards and beliefs. For that purpose , there is a necessity of a corporate culture which work as the main driver to act ethically in a work- place and in situations related to corporate sector. REFERENCES: Arunchand, C H; Ramanathan, Hareesh N. Organizational Culture and Employee Morale: A Public Sector Enterprise Experience, Journal of Strategic Human Resource Management2.1 (2013): 1-8. Mickalowski, Kyle; Mickelson, Mark; Keltgen, Jaciel. â€Å" Apple’s Iphone Launch: A Case Study In Effective Marketing The Business Review, Cambridge9.2(Summer 2008). Retrieved from Proquest Database, viewed 29 September,14 Caulkin, S.: 2002, Good Thinking, Bad Practice, The Observer (7th April), 11 Claver, Enrique; Llopis, Juan; Gasco, Jose L. International Journal of Value Based Management15.2 (2002): 151-163 Drake, B. H.and E. Drake, (1988), â€Å"Ethical and legal aspects of managing corporate culture† California management review 30 (2), 107- 123 Fritzche, D. J.: 1995, Personal Values: Potential Keys to Ethical Decision Making, Journal of Business Ethics 14(11), 909–922. Retrieved from Proquest Database, viewed 5 May,14 Garrett D. E., J. L., Bradford.,R. A. Meyers., J, Becker :1989 Issues Management and Organizational accounts: An analysis of Corporate responses to Accusations of Unethical Business Practices, Journal of Business Ethics 8 (7), 507- 520, Retrieved from Proquest Database, viewed 6 May,14 Geert, H., Bond, M. H., Luk, C. L. (1993). Individual Perceptions of Organizational Cultures. Organization Studies, 14(4), pp. 483-503. Retrieved from Proquest Database, viewed 11 may,14 Hall, E.T. (1959). The Silent Language, New York: Doubleday Lincoln, D., M. M. Pressey and T. Little: 1982, Ethical Beliefs and Personal Values of Top Level Executives, Journal of Business Research (10), 475–487 Murphy Herta A., Effective Business Communication (7th Edition), Herbert W. Hildebrandt , Mc Graw- Hill. Nakano, Chiaki. Asian Business Management, suppl. Special Issue: Japanese Business Society in a Global Age6.2 (Jun 2007): 163-178. The Significance and limitations of Corporate Governance from the perspective of Business Ethics: Towards the Creation of an Ethical Organizational Culture, Retrieved from Proquest Database, viewed on 10 May, 14. Vitell, S. J., et al, (1993), ‘Marketing Norms: The influence of personal moral philosophies and organizational ethical culture’ Journal of the academy of marketing science 21 (4), 331-337, Retrieved from Proquest Database, Viewed on 12 May,14. Yallapragada, RamMohan R.; Roe, C. William; Toma, Alfred G.: Accounting fraud and white collar crimes in the US, Journal of Business Case Studies8.2 (2012): 187. Retrieved from Proquest Database, Viewed on 7 May,14.

Sexist Views in The Bacchae :: Bacchae Essays

Sexist Views in The Bacchae Throughout my life, I've heard the phrases, "Women shouldn't serve in the Armed Forces; no, I wouldn't want a female president; a woman's place is in the home." Even though our society is drifting from these extremely sexist views, opinions like these are still widely held. Women were mistreated much the same in the ancient Greek civilizations. The views of our society, regarding the social and sexual roles of women, are mirrored in the ancient Greek tragedy, The Bacchae. The idea that a woman's place is in the home is all too common in our culture, just take into consideration the Southern Baptist Convention's declaration stating wives must be submissive to their husbands. This belief was held strongly in the Greek civilization as well. A woman's function was to bear and raise children, cook, clean and care for any other needs the family may have. They weren't entitled to the basic freedoms they deserved. This intolerant view was illustrated in The Bacchae when Pentheus, in a rage, was ranting on about how all the women have deserted their homes to run wild through the dark woods on the mountain (pg 19, ln 17). The imagery associated with the woods is black and evil, yet when Pentheus speaks of the home, he claims the women have "deserted," as if they were wrongfully leaving their duty. Obviously, he believes the home is the proper place for a woman. Another very common misconception about women is that they were created for the pleasure of man. The idea that a woman's body was not her own, merely a possession to be dominated by her master as he wished, is also present in The Bacchae. The instances where the Maenads drank themselves into insensibility then crawled into the bushes to lie down before lusting men shows what lack of control these women had over their bodies. They were continuously dominated by the male god, Dionysus, and the fact that noone spoke against this behavior as being morally wrong only supports the idea that women are objects. It's absurd viewpoints like these that lead to modern day rape and sexual abuse. Yes, the sexist views demonstrated in The Bacchae belittle the social and sexual roles of woman, and yes, they may be reflected in our society today, but I do believe we're progressing above those close-minded, ignorant ways of thinking.

Internet Business Essay -- Business Analysis E-commerce

Internet Business Executive Summary: Over the thousands of years that people have engaged in commerce with other, it has adopted the tools and technologies that became available. The combined influence of continuing sales growth and rising operating costs has caused the company to consider whether it could move the entire sales operation onto the Internet. In comprehending the potential impact of the Internet on the world economy, one should recognize that the technology has the ability to cut costs, increase competition and improve the functioning of price mechanisms in many markets. Electronic commerce is one of the way can complete all the said as above.  ¡Ã‚ §Electronic commerce mentions the use of electronic data transmission to implement or enhance business processes. ¡Ã‚ ¨ (Biggs,1998) Electronic Business connects small to medium-sized businesses to the Internet, electronic commerce, and global trade. No matter for any sized business, there also needs to provide all data files corrupt out of company. Advertising & Promotion  ¡Ã‚ §Promotion is a process whereby information about the organization ¡Ã‚ ¦s product or service is encoded into a promotional message for ... ...cashier or has any mistake during the transaction. Also, Logistics division has to handles customer service problems when the products are not delivered and it needs to keep track with. Even though the automatic tacking system is popular for electronic business, however sometimes provide a hotline for customers and have real person answer the question can let the customers feel much more comfortable then using a system. Reference Ray,M.L. ;,Advertising and communications management; Prentice Hall; Salle River, NJ; 1982 Radall,L; Average E-Commerce Web site costs US$1 Million;Computing Canada,2(24),1999 Harbrecht, Douglas;  ¡Ã‚ §Jeff Bezos: Amazon is something Genuinely new ¡Ã‚ ¨,2002 www.businessweek.com/bwdaily/dnflash/jan2002/nf20020128_01062.htm Biggs,M.; E Commerce Is Hot Today,but E Business is the gift that keeps on giving all year long; Info World, 1998 Internet Business Essay -- Business Analysis E-commerce Internet Business Executive Summary: Over the thousands of years that people have engaged in commerce with other, it has adopted the tools and technologies that became available. The combined influence of continuing sales growth and rising operating costs has caused the company to consider whether it could move the entire sales operation onto the Internet. In comprehending the potential impact of the Internet on the world economy, one should recognize that the technology has the ability to cut costs, increase competition and improve the functioning of price mechanisms in many markets. Electronic commerce is one of the way can complete all the said as above.  ¡Ã‚ §Electronic commerce mentions the use of electronic data transmission to implement or enhance business processes. ¡Ã‚ ¨ (Biggs,1998) Electronic Business connects small to medium-sized businesses to the Internet, electronic commerce, and global trade. No matter for any sized business, there also needs to provide all data files corrupt out of company. Advertising & Promotion  ¡Ã‚ §Promotion is a process whereby information about the organization ¡Ã‚ ¦s product or service is encoded into a promotional message for ... ...cashier or has any mistake during the transaction. Also, Logistics division has to handles customer service problems when the products are not delivered and it needs to keep track with. Even though the automatic tacking system is popular for electronic business, however sometimes provide a hotline for customers and have real person answer the question can let the customers feel much more comfortable then using a system. Reference Ray,M.L. ;,Advertising and communications management; Prentice Hall; Salle River, NJ; 1982 Radall,L; Average E-Commerce Web site costs US$1 Million;Computing Canada,2(24),1999 Harbrecht, Douglas;  ¡Ã‚ §Jeff Bezos: Amazon is something Genuinely new ¡Ã‚ ¨,2002 www.businessweek.com/bwdaily/dnflash/jan2002/nf20020128_01062.htm Biggs,M.; E Commerce Is Hot Today,but E Business is the gift that keeps on giving all year long; Info World, 1998

Sarvepalli Radhakrishnan

Born: September5, 1888 Died: April17, 1975 Achievements: First Vice President and second President of India. Placed Indian philosophy on world map. Sarvepalli Radhakrishnan was first Vice President of India and second President of India. He was also a philosopher and introduced the thinking of western idealist philosophers into Indian thought. He was a famous teacher and his birthday is celebrated as Teacher's Day in India. Sarvepalli Radhakrishnan was born on September 5, 1888 at Tartani, Madras in a poor Brahmin family.As his father was poor Radhakrishnan supported most of his education through scholarships. Dr. Sarvepalli Radhakrishnan had his early education at Gowdie School, Tiruvallur and then went to the Lutheran Mission School in Tirupati for his high school. He joined the Voorhees’s College in Vellore and later switched to the Madras Christian College. He chose Philosophy as his major subject and did his B. A. and M. A. in it. After completing his M. A. , Sarvepalli Radhakrishnan, accepted an Assistant Lectureship at the Madras Presidency College in 1909.In college, he mastered the classics of Hindu philosophy, namely the Upanishads, Bhagvad Gita, Brahma sutra, and commentaries of Sankara, Ramunuja and Madhava. He also acquainted himself with Buddhist and Jain philosophy and philosophies of Western thinkers such as Plato, Plotinus, Kant, Bradley, and Bergson. In 1918, Sarvepalli Radhakrishnan was selected as Professor of Philosophy by the University of Mysore. In 1921, Radhakrishnan was nominated as Professor of Philosophy at the Calcutta University, 1921. In 1923, Dr. Radhakrishnan's book â€Å"Indian Philosophy† was published.The book was hailed as a â€Å"philosophical classic and a literary masterpiece. † Sarvepalli Radhakrishnan was called to Oxford University, to deliver lectures on Hindu philosophy. He used his lectures as a platform to further India's cause for freedom. He also argued that Western philosophers, despite all claims to objectivity, were biased by theological influences from their wider culture. He showed that Indian philosophy, once translated into standard academic jargon, is worthy of being called philosophy by Western standards.He thus placed Indian Philosophy on world map. In 1931, Dr. Sarvepalli Radhakrishnan was elected Vice Chancellor of the Andhra University. In 1939, Radhakrishnan became the Vice Chancellor of the Benaras Hindu University. In 1946, he was appointed as Ambassador to UNESCO. After Independence Dr. Radhakrishnan was requested to Chair the University Education Commission in 1948. The Radhakrishnan Committee's suggestions helped mould the education system for India's needs. In 1949, Dr. Sarvepalli Radhakrishnan was appointed ambassador to the Soviet Union.He helped laid the foundation for a strong relationship with Soviet Union. Radhakrishnan was elected first Vice-President of India in 1952. He was honored with the Bharat Ratna in 1954. After serving two terms as Vice-President, Sarvepalli Radhakrishnan was elected President of India in 1962. During his tenure as President India fought wars with China and Pakistan. As President he helped see India through those trying years safely. He retired as President in 1967 and settled in Madras. Dr. Sarvepalli Radhakrishnan died on April 17, 1975.

Jackie Robbinson essays

Jackie Robbinson essays The person that I chose for a person of magnitude is Jackie Robinson. Jackie was just not any old person that lived through the 1900s, and endured all the pain and hardship that time brought to the people. He kept strong and had a will to survive through the Great Depression and all the other racial and unfair treatments that the African American community suffered. Jackie was the first African American to be accepted to the Major League Baseball. He was not just a professional baseball player; he was more an inspirational leader during the 1940s. We all know that the world was unfair and the African American community suffered hard times every day. What makes Jackie a person of magnitude in my mind is he had to the will to put all that behind him and concentrate on what he loved to do, playing baseball. What he did as an inspirational leader was to show the world that all this stupid racial attitudes, were ridicules and the whole world could get along fine if they just wanted to. Jackie took a lot of heat being the only African American on the Brooklyn Dodgers, his team would sometimes not even talk to, umpires would give him unfair calls, and commentators would just put him down, all because the world didnt believe that African Americans had the right to play baseball. he didnt care he did what he loved to do playing ball. For those nine magical years from 1947-1956 he played with the Dodgers were years that nobody will ever forget. Although the civil rights movement for African Americans was still about thirty years away I believe hat he help kick start the movement and other people were begging to realize it to. Jackie was hand selected by the President Branch Rickey and the Dodger organization including the owner and the vice president and General Consul Walter OMalley to cross the precipitous color line Jackie Mikes list of people of magnitude because he never let anythin ...

CNS Breathe Right Essay Example

CNS Breathe Right Essay Example CNS Breathe Right Paper CNS Breathe Right Paper Company Profile CNS was originally formed by Dr. Daniel Cohen and Dr. Frederick Strobl as a medical equipment company in 1982. Strobl and Cohen were neurology occupants at the University of Minnesota infirmaries. Strobl was besides an electrical applied scientist. The original purpose of the company was to revolutionise encephalon activity monitoring by contriving and marketing a personal computing machine equipped with a circuit board that could analyse encephalon moving ridges in existent clip during operations. After five old ages of increased technological progresss but a steady diminution in gross revenues. the company hired Fred Brooks as president. In 1990. the company eventually recorded net incomes in 1990 for the first clip by marketing their encephalon monitoring equipment to kip clinics. In 1991. Cohen met with Bruce Johnson. who wanted to scientifically progress some thoughts he had for a nasal distending system. After many efforts to distend his ain nasal transitions internally. he came up with the thought to distend them externally. Johnson so spent the following three old ages working on a spring laden strip that would raise his anterior nariss and maintain them dilated. CNS so acquired the rights to market and sell this merchandise in 1992. and Cohen reassumed the place of president. In 1993. CNS hired Richard E. Jahnke as their new president. Because of a drawn-out FDA blessing procedure. it took a piece before the Breathe Right strips could be sold to distributers. Because of this and because of continued losingss in the sleep upset market. CNS reported more losingss in 1993. In 1994. nevertheless. things started to alter. CNS was allowed shelf infinite in Eckerds. Walgreens. and Snyders. This. along with two indorsements from Herschel Walker and Jerry Rice. two outstanding NFL jocks who swore by the usage of the strip at the clip. the gross revenues of Breathe Right doubled in the 4th one-fourth of 1994. The company enjoyed continued success through marketing the strips as a usage for athletic sweetening. a remedy for saw wooding. a sleep assistance. and a drug free manner of degongestion. Fiscal and Non-Financial Goals The original non-financial end of CNS was to bring forth efficient and utile engineering to supervise encephalon activity that brain doctors could utilize to efficaciously have and interpret informations from electrical signals in the patient’s encephalon in existent clip during an operation. After this effort at invention failed to be profitable. the company acquired the selling rights to the rhinal strips invented by Bruce Johnson. and the company’s primary end was the selling and gross revenues of the Breathe Right rhinal strip. Beginnings hypertext transfer protocol: //www. replies. com/topic/cns-inc hypertext transfer protocol: //www. replies. com/topic/cns-inc # ixzz2HFZZmk2c hypertext transfer protocol: //www. calmu. edu/blog/international-marketing-the-success-of-cns-breathe-right-nasal-strips/ hypertext transfer protocol: //www. youtube. com/watch? v=iexvzcmzYB0 hypertext transfer protocol: //www. breatheright. com/ hypertext transfer protocol: //www. studymode. com/essays/Analysis-Cns-Breathe-Right-Strips-62927. hypertext markup language