Education An Investment Or A Waste Of Resources - 550 Words

Education: An Investment Or A Waste Of Resources (Essay Sample) Content: IS EDUCATION AN INVESTMENT OR A WASTE OF VALUABLE TIME AND RESOURCESEducation in Africa began as a tool to prepare the local youth to take their place in their respective societies and not necessarily for life outside of Africa. In some areas, the pre-European colonialism schooling system consisted of groups of older people teaching aspects and rituals that would help them in adulthood. The education system in each country has long term effects on the learners, both positive and negative.There has been a misconception that one goes to school to get a better paying job in future. This is where the education system has gone wrong. In Kenya, for example, the education system did not give the learners practical skill to help them in future .Until recently when technical institutions has come up to teach business and vocational courses to teach entrepreneurship , the syllabus was full of so much theory and irrelevant units that did not help the learners once they gradua ted.There are so many unemployed graduates because the skills that they have cannot be applied anywhere re in the system. This begs the question as to whether it was really worth it investing in education. There are a number of very prominent people who never went to school but rather chose to venture into business and they are very successful, more than their peers who chose to go to school.This has left so many parents and students torn between investing in higher education or not. The amount of time spent in educating a child then they get out of the system without anything tangible to help themselves and the society at large is worrying .There are lawmakers who have not had a formal education in Kenya, this also begs the question whether you need to go to a formal school for you to be able to lead and become an im...

The Role Of The Bureaucratic And Patron Client Organizations

[Within the organized crime groups there are two different styles of organization, known as the bureaucratic and patron-client organizations. These two models describe the structure of organized crime consortiums. In this summary, we will examine the two types and the distinctions between the two. The similarities and differences among these two styles of organization will help explain how organized crime functions has successfully profited from illicit and legitimate business for so many years. [The first model of organization is The Bureaucratic Model. The Bureaucratic model is essential for efficiently carrying out large-scale operations (Abadinsky, 2010). All bureaucracies are rational organizations sharing a number of attributes: †¢ A complicated hierarchy †¢ An extensive division of labor †¢ Positions assigned on the basis of skill †¢ Responsibilities carried out in an impersonal manner †¢ Extensive written rules and regulations †¢ Communication from the top of the hierarchy to persons on the bottom, usually in written (memo) form( Abadinsky, 2010) These characteristics are seen in corporate entities, military organizations, law enforcement departments, outlaw motorcycle gangs, and Colombian drug cartels. The model of organization adopted by an entity, legitimate or criminal will depend on the range of the business and the prior managerial knowhow (Abadinsky, 2010). [As reported by Howard Abadinsky in his textbook â€Å"Organized Crime† a criminal organization structured alongShow MoreRelatedThe Politics Of Mexico And China1737 Words   |  7 Pagesfrom attaining it. In this case study, I will focus on the causes of bureaucratic corruption, where bureaucrats take bribes in exchange for policy change or political favors. Ultimately, I will conclude that bureaucratic corruption in Mexico and China is a result of left over systems and cultures of corruption with the antecedent of a governmental system with too little, or too much power. To begin, one reason for high bureaucratic corruption in Mexico is the country’s vulnerable governmental structuresRead MoreNetworked Economies And Crime.3169 Words   |  13 Pagesthere exist two major different types of organizations that are namely the patron-client and the bureaucratic organizations (McIllwain, 2005). There are a myriad of differences between these two types of organizations, but we also have to mention the similarities that exist between them. One of the most common basic differences is that the patron-client organization is more often associated with breaking the law while the bureaucratic type of organization strictly abides by the law and tries to enforceRead MoreManagement and Leadership Paper1591 Words   |  7 Pagesassociation is the chief global airline alliance, and provides links for commuters and cargo clients to 965 global destinations in 162 countries. United Airline’s partners are Air Canada Lufthansa, Scandinavian Airlines, Singapore Airlines, South African Airlines, and Air New Zealand, just to name a few. United’s Star Alliance associates participate in the profitable Mileage Plus Program, which allows patrons an opportunity to earn sky miles when they fly that can be used for future flights. This programRead MorePolitical Regimes And Degree Of Pl uralism2942 Words   |  12 Pagessupporting specific parties over the others. Fourth, I will develop my argument that informal politics, emerging in pre-colonial Africa, was an impediment to democratic consolidation. Last but not least, I will argue that the international environment had a role to play in shaping African politics through different means. Colonial legacies To begin with, it is necessary to understand what is meant by the concept of ‘the state’ to further apply it to the African context. The state is often defined in the WeberianRead MoreCambodian Society And Its Contemporary Political, Cultural, And Socio Economic Context2181 Words   |  9 Pagespoor governance of the Cambodian administration as well as a hierarchical system influenced by patrimonial power structures and patron-client relationships, in which corruption is commonplace (Nikkei Asian Review 2014). Furthermore, this neo-patrimonial system might persist for various reasons, including: limited notion of social accountability among civil society organizations and the reticence of citizens to challenge the Government (Johnson, Hyde and Rosenfeld 2014). However, the public attitudesRead More Political Corruption in Bangladesh Essay3158 Words   |  13 PagesGould both agree that, â€Å"Functionalists see corruption in terms of the actual role that it plays in socio-economic development, and Functionalist’s claim that corruption flourishes as a replacement for the market system; which offers an acceptable alternative to violence and increases public participation in public policy† (Leff, 1979; Gould, 1980). Kiltgaard ads, â€Å"Some functionalists also believe that political and bureaucratic leaders may see a national interest in aggressively pursuing or toleratingRead MoreNon Profit Organization5180 Words   |  21 Pagesare able to earn a profit, more accurately called a surplus; such earnings must be retained by the organization for its future provision of programs and services. Earnings may not benefit individuals or stake-holders. Underlying many effective nonprofit endeavors is a commitment to management. Twent y years ago, the term management was distasteful to many of those involved in nonprofit organizations because of its connotations of business. Non-profits prided themselves on being free of the taintRead MoreScientific Management Essay4909 Words   |  20 Pagesthey are to use their leadership position to involve themselves and to involve other people in the achievement of results. Various aspects, such as value systems, technology, organizational design, and globalization, all affect the culture of an organization and come into play when determining what managerial style is best to use. As we move through the years, these components develop, resulting in the need for managerial styles to change too. If managerial styles are not developed along side withRead MoreThe Trophy Project5219 Words   |  21 Pagesof organisational performance and improvement; these three pillars are clearly absent in this organisation as well as this project. The main reason for the absence for these str ategies in this case is that the organisation still functions as a bureaucratic organisation and a change in mind-set and behaviour is crucial for the survival of this organisation as well as a change in leadership. The absence continuous improvement and measuring the outputs of processes lead to the failure of identifyingRead MoreThe Trophy Project5213 Words   |  21 Pagesof organisational performance and improvement; these three pillars are clearly absent in this organisation as well as this project. The main reason for the absence for these strategies in this case is that the organisation still functions as a bureaucratic organisation and a change in mind-set and behaviour is crucial for the survival of this organisation as well as a change in leadership. The absence continuous improvement and measuring the outputs of processes lead to the failure of identifying

Consumption Patterns of Soft Drinks and Fruit Juices - Free Essay Example

Sample details Pages: 3 Words: 835 Downloads: 3 Date added: 2017/09/26 Category Business Essay Type Argumentative essay Did you like this example? Comparative Study On Consumption Patterns Of Soft Drinks And Fruit Juices A COMPARATIVE STUDY ON CONSUMPTION PATTERNS OF SOFT DRINKS AND FRUIT JUICES EXECUTIVE SUMMARY Soft Drinks were common preference among all the individuals before juices were being introduced, With the changing lifestyle and income levels, people are shifting their consumption patterns and have therefore become more health conscious thus leading to increase in demand of juices. Market Research is based on some underlying parameters like: †¢ Changing consumption pattern Health factor †¢ Status consciousness †¢ Varying lifestyle The basic subject matter of the research, comparative analysis of Soft Drinks and Juices is focused to study the mind/taste of different age group of people. The study starts with determining the major players in the soft drinks and the juices market, their overall consumption pattern among the people and ends up with the conclusion as per the state of mind of the av erage rational human being. TABLE OF CONTENTS Certificate from the Institute( Acknowledgement( ( Executive Summary Chapter-1    Introduction    Page No( 1. 1 Beverage 8 1. 2 Overview of the Industry 11 1. 3 Recent issues 14 1. 4 Study of growth of Soft Drink market 20 1. 5 Major players in Soft Drinks segment: Coca-cola                                                                               21 Trends In Consumption Patterns Trends in Consumption Patterns This article is designed to: 1. define economics, 2. define microeconomics, 3. define law of supply, 4. define the law of demand, and 5. to identify the factors that lead to a change in supply and a change in demand. Economics is defined as: The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems (www. answers . com accessed 02Oct07). Basically I believ e that this means that you are trying to interpret how people will react. Economics is broken down into 2 parts Micro and Macro economics. Microeconomics is defined as: The study of the operations of the components of a national economy, such as individual firms, households, and consumers (www. answers . com accessed 02Oct07). This is a study of the relationship between the consumer and the supplier based on various fluxuations in the market. The Law of supply is defined as: A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa (www. answers . com accessed 02Oct07). The law of demand is described as: A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease and vice versa (www. nswers . com accessed 02Oct07). Supply and Demand: The market process is generally modeled using the economic concepts of supply and demand. The plans/desires of consumers are embedded in the concept of demand and the plans/desires of producers in the concept of supply. The plans of these two types of economic actors are brought together in markets, which are the entities in which transactions occur. In a modern economy, markets do not require that the buyers and sellers meet in a geographic place, so markets no longer require actual marketplaces. ____________________________________________________________ ___________ The business world is very susceptible to the subtleties of consumer choices. The ability to anticipate the trends in consumer consumption patterns is vital to any company desiring to be a leader or major factor in their industry. Millions of dollars are spent each year in research and analysis to determine or to create trends in, not only who the company’s customers may be, now and in the near future, but also, what wi ll those customers want to buy, and why. To truly understand trends in consumption patterns, one must first understand the basic principles of economics. Economics is the science that deals with the production, distribution, and consumption of goods and services (economics, n. d. ). The branch of economics dealing with particular aspects of an economy, as the price-cost relationship of an organization is called microeconomics. This aspect of economics concentrates on the laws of supply and demand. According to Colander (2004), the law of supply states quantity supplied rises as price rises, when all other factors remain constant and the law of demand states that the quantity of a good demanded is inversely related to the good’s price. When price goes up, quantity demanded goes down. When price goes down, quantity demanded goes up. There are several factors that lead to changes in consumption patterns thus a change in supply and change in demand. Utility Many believe tha t people buy things for their own self interest. Sales courses indicate the need to know this self interest because the customer really is not buying their product. The actual purchase is the benefit that the customer will receive from buying their product. Knowing this benefit would enable the seller to set pricing at levels that would ideally be the most beneficial for both buyer and seller. The customer benefit could be anything. Satisfaction, pleasure, good will, fulfillment of a need are some examples of the benefit received, but are Don’t waste time! Our writers will create an original "Consumption Patterns of Soft Drinks and Fruit Juices" essay for you Create order

Graduation Speech An Incoming College Freshmen - 975 Words

Final Exam: Essay As an incoming college freshmen, I always knew I would have to work hard to earn the grades I wanted, but I did not know how hard it would be. Before entering college, I was one of the high school students who did not put my all into my classes. I was going through a lot of personal issues. It was hard trying to separate my personal life from my schoolwork and that affected me through my grades. My grades were not as good as I wanted them to be. I wanted at least a 3.0 grade point average, but I did not receive exactly that. One thing I will suggest as your peer mentor, learn to separate your personal life from you college life and your school work. Based on my past experiences in high school, I knew I would have to leave my personal issues at the door before entering any college class. This first step helped me tremendously because I realize there are bigger things ahead of me in life rather than my personal issues. I knew I could solve these issues at another time, instead of in cl ass. Of course, it was hard to transition from high school to college, but I realize really early that if I wanted a 3.5 grade point average or higher, I would have to focus on school along while I’m here. I also learned that I order to get the grades you truly want, you have to study regularly. At the beginning of the fall semester of my freshmen year, I did not study as much. I did not attend any study sessions and I did not seek any help other than from my friends. BecauseShow MoreRelatedThe Letter Sent By Dean John Ellison1495 Words   |  6 Pagesoriginal connotation behind safe spaces has gradually stemmed into different trajectories. In this vein, the sentiments and reactions that hovered the web in awe of the acceptance letter sent by Dean John Ellison, from the University of Chicago, to the incoming class of 2020 took coals to Newcastle. In the letter, the dean apprised the lot that, â€Å"Our commitment to academic freedom means that we do not support so-called â€Å"trigger warnings,† we do not cancel invited speakers because their topics might proveRead MoreInvestigation Of Bioscience And Biotechnology1662 Words   |  7 Pagesdiagnosed with Alzheimer’s two years ago and, over time, my family has witnessed a dramatic change in her ability to recognize faces, even when it is those of her own children. In addition, she is also experiencing difficulties in forming her thoughts and speech. As a result, our family frequently worries about the possibility of her roaming the streets and forgetting how to return home. By seeing and experiencing the struggles associated with Alzheimer’s, I am passionately driven to work hard and help improveRead MorePolitical Economy And Its Impact On The American Economy2306 Words   |  10 Pageslearning this fall. It is engrained in today’s society that a college degree is imperative to students preparing to enter the American work force. However, despite earning a college degree â€Å"83 percent of college seniors graduated without a job this spring† (is your student prepared for life?). It is an alarming reality for college graduates, the fact that upon graduating, positions are ofte n part time, low wage, or unrelated to their college degree or career interests. In his article, Is Your StudentRead MoreCase Studies13817 Words   |  56 Pagesregisters members for $30, who are then allowed to bid on exceptional deals. In an effort to stand out from the crowded field of online bargain sites, Fashionforward! reached out to the local community in search of help marketing their company to college students. Part of this effort included hiring a student intern, Carly LeBlanc. At that point, Fashionforward! had no formal marketing strategy for targeting consumers. As someone who grew up in the digital age, LeBlanc knew she had to kick startRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 PagesEngineering Science from the University of California at Berkeley, spent a year at the University of Shefï ¬ eld in England, and ï ¬ nished his Ph.D. in statistics at Stanford University. He previously taught at the University of Florida and at Oberlin College and has had visiting appointments at Stanford, Harvard, the University of Washington, and New York University. From 1998 to 2006, Jay served as Chair of the Statistics Department at California Polytechnic State University, San Luis Obispo. The StatisticsRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesIllin ois at Urbana-Champaign Professional Experience Academic Positions: Franklin D. Schurz Chair, Department of Management, Mendoza College of Business, University of Notre Dame; Matherly-McKethan Eminent Scholar in Management, Warrington College of Business Administration, University of Florida; Stanley  M. Howe Professor in Leadership, Henry B. Tippie College of Business, University of Iowa; Associate Professor (with tenure), Department of Human Resource Studies, School of Industrial and Labor

The Fields Of Philosophy And Theology - 1523 Words

The fields of philosophy and theology are often grounds of debate. While some hold these two to be relevant and dependent on each other, others find them to be completely independent of each other. In John D. Caputo’s work, Philosophy and Theology, he expresses his view of these fields as companions. Caputo states, â€Å"Think of philosophers and theologians as fellow sailors on [the] ocean,† depicting his view of the interdependence of these two fields (Caputo 69). Through his illustration we can find the influence philosophy and theology can have on each other in facilitating our toleration of such a mysterious future and world. By definition, these two fields cover different horizons, with the exception of a few topics. Theology refers to†¦show more content†¦If we consider the sciences, arts, politics, and religions their own â€Å"language†, we can grasp the concept that one cannot understand every â€Å"language,† just as we do not understan d every one of the natural languages. For example, as an english speaking american student, I am fluent in English with a background in Spanish, but if someone were to start speaking Arabic to me, I would have no idea what they are trying to say. We must take this idea and correlate it to the fields of religion and philosophy. In Caputo’s words, â€Å"[Theology and Philosophy both] constitute an irreducible paradigm of [their] own, a language of [their] own, a perspective of [their] own† (Caputo 53). Taken in this light, we find the independent nature of philosophy and theology, and we must dive deeper to see otherwise. John D. Caputo chooses to write about many prominent philosophers and theologians, all possessing different beliefs. He mentions the studies and beliefs of people such as Soren Kierkegaard, Thomas Aquinas, St. augustine, and Jacques Derrida. At first glance, one may think these men all hold different beliefs, but as Caputo begins to break down their bel iefs, one may find otherwise. For example, Caputo compares the beliefs of Jacques Derrida, an atheist, and Augustine of Hippo, a canonized Saint of christian religions. These two men are the complete opposite on the cover, but caputo starts to unveil how many similarities they really have in belief and its practice. He

Nicoletta monologue by Marjorie Benton Cooke Essay Example For Students

Nicoletta monologue by Marjorie Benton Cooke Essay A monologue by Marjorie Benton Cooke NOTE: This monologue is reprinted from More Modern Monologues. Marjorie Benton Cooke. Chicago: Dramatic Publishing Co., 1907. GIOVANNI: Ah, Signor, how do? I am ver\ glad to see you. Si, Signor, I come-a back. I make-a de treep to ItaliaI make-a de treep back to New York. . . . Si, I make-a de mon\I got il bottegail magazinowhat you callshop. Na, nanot make-a de treep to Italia on bis\nessI make-a de treep for Nicoletta. Signor, you good fren\ to G\vanniyou like to hear \bout Nicoletta? You will seet down? It is long time \go, in Italia, I make-a de love to Nicoletta. Ah, Signor, it is ver\ beautiful in ma\ countree, moch blue sky, moch green tree. Not like-a New York, na, na, na, ver\ beautiful. But ev\body zere is ver\ poor. Eef il padre di famiglia make-a duo soldi a dayah\tis ver\ good. Il famiglia getta spaghetti, polenta, . . . but il padre di famiglia notta make-a duo soldi each dayna, na. Ev\body ver\ poor zere. So Nicoletta an\ me, we cannot marry wiz each ozer. Antonio di Navarrohe ees, what you say? Neighbor? Si, Signor, neighbor wiz us, an\ he say ev\body in New York getta reech queekev\bod y make-a de mon\. So I say to Nicoletta, I, Giovanni, I go to New York, getta reech, an\ sen\ you de mon\, eh, Carissima? An\ she say to me, Si, si, G\vanni. So, Signor, I make-a de treep. Eeet is ver\ different in New York. I canna\ spik-a de tongue. I not getta reech queekna, jus\ work-work-work, like in ma\ countree. Sell-a de peanut, sell-a de banan\, make-a de music wit\ de monkwork all time, an\ save for Nicoletta. An\ purt\ soon, I gotta de mon\. I go to Antoniohe make-a de treep wit me to New York, an\ now he go to make-a de treep back to Italia. He is ma fren\, so I go to him, I say, Here is ma mon\, tell Nicoletta, G\vanni is waiting. Antonio di Navarro, he take-a de mon\; he make-a de treep to Italia; he tell Nicoletta G\Vanni is deadhe keep de mon\ an\ take Nicoletta! Giovanni?what he do, Signor? He is in New York, waiting. Ev\ry boat zat comes to New York for mont\ I am zere, waiting, waiting, an\ no Nicoletta, so at last\ I sayShe is dead. Zen come ze word Antonio di Navarro have take Nicoletta! Ah, Signor, Zen I work-a, work-a, work-a! Sell-a de peanutsell-a de banan\, make-a de music wit\ de monk, an\ save, till, at las\, I got-ta de mon\. I make-a de treep to Italiatwo day I watch an\ wait, an\ zen when Antonio di Navarro go home to Nicoletta, I, Giovanni, I go too. Close behin\ him in ze shadow, I go, too. Up ze stair behin\ him, an\ wait outside ze door. Purt\ soon he come out an\ go away, an\ zen Giovanni, he go in. Nicoletta make-a de cry upon de floor. She look at me like one zat hear ze voice of ze blessed Virgin! Vanni! Vanni! Si, NicolettaVanni! Na, nadon\t keel me, Vanni, don\t keel me. He tell me you are deadAntonio tell me you are deaddon\t! Don\t! Nicolettayou love Antonio? Na-na. You love me, G\vanni? Sisi, Vanni, I love you. I hear heem comin\ up ze stair, I wait for him inside ze door, an\ pur\ soon Antonio di Navarro he come in! Signor, I as\ you to excuse me. For one moment, I forgetI think I am back zere in NicolettaNicoletta! Ah, come outcome here, Carissima. Signor, I make-a de pleasure to present you to my wifeto Nicoletta!

Corporate Governance for Australian Institute-Myassignmenthelp.com

Question: Prepare a report to be submitted to the AICD evaluating the evidence that the responsibility of a Company director is to place Shareholder interests above those of other Stakeholders. Answer: Introduction The concept of corporate governance has emerged in the recent few decades but when the corporate governance was not there, the entire focus of the management was used to be on enhancing the shareholders wealth. However, after introduction of the concept of corporate governance, the focus of management has shifted from the shareholders wealth to fulfilling the needs of the other stakeholder also. It is the fact that a company operates to earn profits but earning the profits by disregarding the needs of other stakeholders does not lead to sustainability (Rosenbaum, Bonker, and Wagener, 2000). The other stakeholders of the business are the environment, society, and government. Thus, now the management of the company is not only required to take into account the needs of shareholders but it is also required to consider the needs of other stakeholders. It is argued that striking out the balance between the needs of all the stakeholders is the key to sustainable long term success (Rosenbau m, Bonker, and Wagener, 2000). In the context developed above, a report has been presented in this document that provides discussion on the board of directors role in fulfilling the stakeholder needs. Further, the discussion in this report is extended to corporate governance and its significance for the organizational success. The report provides examples and recommendations for the use of board of directors in addressing its objective of enhancing the shareholders wealth. Corporate Governance and Its Significance The need for corporate governance has been seen to be increasing in the corporate world in the recent decade. There have been observed various unethical and illegitimate practices that have laid the foundation of promulgation of the corporate governance rules (Wright et al., 2013). In the past two decades, there have been observed to be many corporate scandals causing reforms in the regulatory regime across the globe. The corporate scandals were the main reason for loss of faith of the investors in the organizations leading. Due to the investor losing faith, the capital market suffered badly all over the world. In order to stop the illegitimate practices and promote sustainable growth, the regulators have framed the corporate governance guidelines to be complied by the corporations mandatorily (Wright et al., 2013). The sustainability is essential for the business to achieve its objectives and thrive in the long run. The triple bottom line framework which was developed years ago also states that it is crucial for the business to maintain sustainability. According to the triple bottom line framework, the management has to ensure that a proper balance is maintained between three essential areas such as society, environment, and finance (Henriques and Richardson, 2013). This implies that the management should not only focus on the achievement of financial goals but it should also fulfill the social and environmental needs. The triple bottom line framework emphasizes that contribution for the development society and environment is necessary enhance the sustainability. Further, it states that the financial objectives of the business would be automatically achieved if the business fulfills its commitment towards social and environmental development (Henriques and Richardson, 2013). The corporate governance helps companies in framing structures, policies, and procedures in the best manner. Further, it promotes fairness and transparency in the companys operations and stresses on enhancing the accountability of the management. Enhancing the accountability of the management is in the context of its duties for social and environmental development and increasing the wealth of the shareholders (Keay, 2015). The directors are the supreme governing body of the management in a company and thus, they are responsible to fulfill organizations commitment towards all the stakeholders. The directors are responsible to plan and supervise the companys operations in such a manner that it meets the needs of all the stakeholders in a balanced manner (Keay, 2015). Role of Board of Directors The shareholders are owners of the business and they hold the right to claim profits earned by the company. However, the shareholders are generally not involved in managing the day to day business affairs. The shareholders are large in numbers which is the reason that they can not engage in the management of business affairs (Keay, 2015). The shareholders elect the directors of the company for management of the business affairs. The directors are given powers to supervise, control, and direct the business affairs. Simultaneously, the directors are also vested with responsibility to work in the best interest of the shareholders. It is the duty of the directors to direct the business affairs in such as manner that it leads to financial prosperity and increases the wealth of the shareholders (Keay, 2015). The objective of increase in the wealth of the shareholder is now not so emphasized as it was used to be in the past. In the past when the corporations were not much focused on the sustainability and the corporate governance, the directors were used to work with the primary objective of increasing profits and thereby increasing the wealth of the shareholders (Henriques and Richardson, 2013). However, in the recent past two decades since when the companies have started focusing sustainability and the corporate governance, the focus of the directors have shifted from shareholders wealth. Now, the directors are not only required to ensure enhancement in the shareholders wealth but they are also required to fulfill needs of other stakeholders such as society, environment, government, employees, creditors and lenders of the company etc (Henriques and Richardson, 2013). Needs of different stakeholders are different and the directors play a major role to balance these needs and satisfy every stakeholder not just the shareholders. The company usages environmental resources and thus, it owes to pay back to the environment. Further, the company operates and produces goods for the use of society (Henriques and Richardson, 2013). It is the responsibility of the company to contribute for development of the environment and society. The directors being the supreme governing body are duty bound to build a strong governance mechanism that ensures companys commitment towards environment and society. Further, there are other stakeholders such as government, employees, and lenders. The government wants the financial statements of the company portraying true and fair picture of the state of affairs of the business (Henriques and Richardson, 2013). The directors play a major role in framing policies and procedures and promoting good governance. Good governance is essential to promote good accounting and financial reporting practices within the company (Henriques and Richardson, 2013). Further, the employees expect that the companys management works in an unbiased and fair manner. It is the prime responsibility of the board of directors to ensure that fair work practices are prevailing in the company. The lenders provide money to the company having the faith that the company would do good business and it would pay the money lent back within the agreed time frame. The directors are duty obliged to ensure that the company performs good and it fulfill its commitments towards the lenders (Henriques and Richardson, 2013). Therefore, the directors are responsible not only to meet the shareholder needs but also the needs of other stakeholders. The directors can not give shareholders needs more importance than the needs of other stakeholders. The shareholders need increase in profitability and their wealth (Monetary Authority of Singapore, 2004). For the longer term view point, it is possible only when the directors fulfill their commitment towards the society and the environment. It is rightly said that the shareholders value should not be the primary objective of the directors rather they should take it as an outcome of companys activities. It is inferred that if the company is complying with the corporate governance principles and it is fulfilling its commitment towards society, environment, and other stakeholders, it will automatically be able perform well and enhance the shareholders value (Monetary Authority of Singapore, 2004). Considering the importance of corporate social responsibility (CSR), the companies from all over the world are taking measures to comply with CSR requirements. A survey report of KPMG depicts that 90% of the worlds top companies have adopted corporate social or sustainability reporting. The companies are taking pro-active action in regards to compliance with the corporate social norms (Sainty, 2016). Further, Lama (2013) has carried a research to explore the impact of compliance with corporate governance on the firms profitability. The empirical evidence from the research work depicts that it has a positive impact. This means that the companies complying with the corporate social responsibility are experiencing better growth in profitability (Lama, 2013). Further, the research reveals that the firms complying with the corporate governance norms have been found to be registering increase in the net profits and return on equity. Further, due to increase in the net profits and the return on equity, the shareholders wealth has also been found to be affected positively (Lama, 2013). Further, the study reveals that the compliance with corporate governance helps in regaining investor confidence which is needed by the firms after various corporate scandals being happened. Regaining the investors faith in the capital market was crucial helping the market stimulate and bringing the economy back to the growth path (Lama, 2013). There are empirical evidences that prove the importance of corporate governance and sustainability for a company. The adoption of corporate governance and sustainability practices is crucial for the long term survival for every company. The corporate governance principles and practices require that the companys management give importance to the social and environmental development (Lama, 2013). This implies that the directors are required to give prominence to the development of the society and environment rather than increasing profits and shareholders wealth. The increase in profitability and shareholders wealth would automatically be achieved as a result of companys activities being directed to the achievement of corporate governance and sustainability (Lama, 2013). Recommendations From the discussion carried out in the report, it could be articulated that to achieve the objectives of business that is to survive and thrive, it is essential for the firm to adopt the corporate governance and sustainability principles. The board of directors being the supreme governing body has to take proactive actions to create an environment of governance and lead the company to adopt the sustainability practices. It has been established through the empirical evidences that the prime focus of the management should be on fulfilling the needs of society and the environment. The objective of increasing the shareholders wealth would automatically be achieved if the company complies with the corporate governance and sustainability principles. In regards to the achievement of companys objectives of increasing the shareholders wealth and meeting the expectations of other stakeholders, following recommendations have been drawn for directors: Recommedation-1: Frame a code of conduct The directors are recommended to formulate a code of conduct that will guide the organizations activities. The code of conduct must promote good governance in the organization and it should provide for the objectives to be achieved in relation to social, environmental, and economic development (Kocmanova, Hrebicek, and Docekalova, 2011). Recommedation-2: Ensure proper independence in the management The shareholders are recommended to compose a board in such a manner that it promotes independence. The Sarbanes Oxley Act 2002 also emphasizes the importance of independence in the board. The sufficient number of directors on the board must be independent (Zhao, 2011). Recommedation-3: Ensure balancing between the needs of different stakeholders The directors are recommended to pursue their goal of increasing the shareholders wealth through ethical and sustainable means. The directors should strike out a proper balance between the differing needs of different stakeholders such as shareholders, society, environment, government, employees, and lenders (Bals and Tate, 2016). Recommedation-4: Focusing on long term It is recommended to the directors of the company that they formulate the policies and procedures taking longer term perspective. Short term profiteering should not be the goals of the directors. The shareholders worth is created by adopting the long term sustainable business practices. The adoption of corporate governance and sustainability practices may result in loosing profits in the initial years but it will ultimately create wealth for the shareholders in the long term (Howell and Sorour, 2016). References Bals, L. and Tate, W. 2016. Implementing Triple Bottom Line Sustainability into Global Supply Chains. Greenleaf Publishing. Henriques, A. and Richardson, A. 2013. The Triple Bottom Line: Does It All Add Up. Earthscan. Howell, K.E. and Sorour, M.K. 2016. Corporate Governance in Africa: Assessing Implementation and Ethical Perspectives. Springer. Keay, A. 2015. Board Accountability in Corporate Governance. Routledge. Kocmanova, A., Hrebicek, J., and Docekalova, M. 2011. Corporate Governance and Sustainability. Journal of economics and management, 2011(16), pp. 543-550. Lama, T.B. 2013. Empirical Evidence on the Link Between Compliance with Governance of Best Practice and Firms' Operating Results. 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