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

Debate - Essay Example Shareholders value refers to the wealth and profits of the shareholders. It is a part of business ethics that company should strive continuously for maximizing the shareholders value (Zairi, 1998). According to the Vermaelen (2008), Professor of Finance at INSEAD, in the consideration of capitalist economy it is assumed that management has the responsibility to maximize the shareholders value. The value maximization should be considered as an implicit contract and in his opinion it is an ethical responsibility of the managers. Hence, the policies of the company that are designed to reduce the application of this implicit contract must be considered as an unethical practice. Until, of course, the Company has clearly stated in the shareholders contract about the different objectives of using the profit for other purposes. For example, a company decided to start a corporate social responsibility practice in the society for the sake of humanity. The application of this practice will be d one by distributing five percent of the company’s profit among the social welfare institutions. ... fessor Vermaelen clearly indicates that the mangers are liable to maximize the shareholders value, if they do so then they are on a right track, and if not, then they are violating the conducts of business ethics. Sometimes it seems that the companies violate the conducts of social ethics in maximizing the shareholders value. Here the question arises, is that ethical to violate the conducts of social ethics to maximize the wealth of shareholders? The profit of shareholders is associated with company’s profit and it has a positive relationship with profit as well. In the consideration of raised question the business ethics are designed to protect the rights of employees, customers, shareholders and the society. And companies are liable to follow the conducts of business ethics. The implementation of business ethics creates the company’s image in the society. The example for violation of business ethics and social ethics is given to understand the importance of considerin g the business and social ethics in the company’s practices. The case of Nokia in china is the perfect example for understanding the consideration of social ethics in the maximization of shareholders value. Everyone is aware with the fact that the China has low labor wage rates when comparing it with wage rates of other countries. China is highly focused on achieving economies of scale and they are getting success in their vision. Nokia is in contract with few Chinese electronic factories for the supply of mobile parts and accessories. But the factories do not supply the finished products. The factory has a great number of female labors. When the survey was conducted in the factory and female labor are asked to give their reviews regarding the application of policy of business ethics then a

Concepts of Irish Essay Example | Topics and Well Written Essays - 1000 words

Concepts of Irish - Essay Example It cannot be denied that the Vikings invasions throughout Western Europe played a role in the shaping of society, both politically and socially in the ninth and tenth centuries. In his book, Kings and Vikings, Sawyer notes that although the Vikings were disruptive and destructive when raiding, they made a positive contribution to society as conquerors and colonists.(Sawyer, 1994).This is a revised view of Vikings, where previously they were thought to be plundering and murderous villains and is more accurate if we are to take the evidence of the social development due to the Vikings into account. Ireland was affected strongly by the impact of the Vikings. Before the invasions of the Norse, the Irish were a race of cattle farmers, living mainly inland and there was little commerce or trade within Ireland or between Ireland and the rest of Europe. After the Norse had settled the Irish concentrated on the coastal areas and a rich system of trade developed. This shows that the Vikings had a significant impact on the culture and society of the Irish, without which they would not have developed so quickly. It is the attitudes of these Normans towards the Irish that is particularly interesting, however. Gerald of Wales describes the Irish people as uniformly barbaric, with only a talent for music to recommend them. Gerald of Wales was born in about 1147 at Mamobier Castle, Pembrokeshire. His father was a Norman knight, and his mother a Welsh princess. After his studies he became a teacher in Paris. Later he was appointed Court Chaplain to King Henry II. In 1185 Henry ordered Gerald to accompany Prince John to Ireland. He wrote about these experiences in his books, The Topography of Ireland and The Conquest of Ireland. Gerald was particularly interested in the military tactics used by both sides. Although Gerald was critical of the Irish his book shows concern for the way they were treated by John's army. In The Topography of Ireland, Gerald of Wales writes in great length of the beauty of the land, all the while keeping it in perspective to Britain, which the author obviously feels is superior in many ways to Ireland. After the beautiful description of the land and its resources, however, Gerald speaks about the rudimentary cultures of the people. "This people are not tenderly nursed from their birth, as others are; for besides the rude fare they receive from their parents, which is only just sufficient for their sustenance, as to the rest, almost all is left to nature. They are not placed in cradles, or swathed, nor are their tender limbs either fomented by constant bathings, or adjusted with art. For the midwives make no use of warm water, nor raise their noses, nor depress the face, nor stretch the legs, but nature alone, with very slight aids from art, disposes and adjusts the limbs to which she has given birth, just as she pleasesBut although they are richly endowed with the gif ts of nature, their want of civilization, shown both in their dress and their mental culture, makes them a barbarous people. For they wear but little woollen, and nearly all they use is black, that being the color of the sheep in this country. Their clothes are also made after a barbarous fashion, " (Cambrensis, 2000). It is apparent that Gerald of Wales did not have high respect for much of Irish culture. In Contrast, Bede the Venerable seemed