Thursday, October 24, 2019
Ethics in Grant Essay
Ethics is described as moral principles and obligations that determine the wrongness and correctness of actions. It is associated with values and righteousness of every individual conduct. As a human being we are responsible for our actions and we have moral obligations for the welfare of others. Ethics cover our everyday life from what we think, decisions we make our philosophy and behavior to our everyday actions. In different professional field, standard and code of ethics are practiced to ensure proper conduct and behavior of those involved in the field. Ethics in grant has always been controversial. Issues associated with ethical behavior often arise from grant projects. The involvement of large amount of money causes the issues and suspicion to rise. An example of an issue that may arise from a grant project is commissioning. Commission refers to the fee paid to an employee after venturing to a successful business or closing a deal. However, professional organizations and funders consider commissioning unethical in nature. This is because compensation with regards to commissioning based on charitable contributions and donations are ugly site to see. Unlike salesmen, who get a cut from the proceeds they made, professionals who are involved in grant projects are considered skilled and talented people who lend and utilized their expertise in order to obtain huge support and following for the work and project that an organization is aiming to achieve. These are usually projects that requires huge amount of funding. If commissions are paid in favor of the grant workers in order to generate money, it would seems people are working because of the money involved and not because of the dedication one has to obtain support for the completion of the project In fact, the Code of Ethical Principles and Standards of Professional Practices of the Association of Fundraising Professional, clearly outlines that compensation based on a percentage of fundraising should not be accepted. Sincerity and honesty is another issue that that is usually associated with Grant projects. Honesty comes into play when errors are committed while the project is being done. This happens when proposals made is not enough for the project to be successful and major changes are needed. Employees often resort to covering things up in an effort to conceal the miscalculations and mistakes done during proposal. Cover up is done because the fear of losing the funder since the original plans agreed upon fail to materialize. Employees then tend to lie and pretend everything runs smoothly. To prevent ethical issues rising from Grant Projects, it is important to be honest and to tell everything that that is going on to the funder. By being honest, one can earn the funderââ¬â¢s trust and trust is important in every project to be successful. Furthermore, Grant makers and funders appreciate sincerity and honesty and they are open to changes from original plans that have been set, since changes that are made will yield promising results for the project. If an error with the project has been discovered, it is necessary to report at once. Also, it would be ethical to issue an apology if things are not carried out properly as promised. With the huge sum of money involved in Grant Projects, it will be helpful for anyone to be honest in every little way to prevent ethical issues from occurring. Sincerity for the projectââ¬â¢s completion and the responsibility one owes from the funder and from those who support the organization in building the project should make one realize the misconduct of falling into the temptation the large sum of money brings. One should understand that an arrangement in which one obtain a kickback is unethical. To preserve oneââ¬â¢s name and his reputation as a person and professional one must keep away from doing them.
Wednesday, October 23, 2019
Thoughts/Interpretations/Impressions about Marriage, Family in relation to culture
There can be thousands of interpretations, thoughts and impressions about family, marriage, kinship and marital residence depending on who is doing it and the background from which one has been brought up. But all the views are very interesting and sometimes debatable. In my interpretation, marriage, kinship and family have altered trends of life in many cultures, especially where there have been intercultural or intertribal marriages. These forms of marriage have enlightened many societies about changing roles of men and women.It is a good trial that has passed the test when women from other cultures do duties that have been associated with men and surprisingly the cultural beliefs that have prohibited women from these duties have been abandoned. Women around the world are great and respected leaders, for instant many African cultures are too tough but imagine for the first time in the continent (in Liberia) a woman has been elected president. This is a very positive sign about rigi d cultures that are changing. In some nations racial segregation is rampant.This phenomenon is in existence because of diverse practices or cultures and the languages which play vital roles in many cultures. This denotes the danger of extremism or total observance of culture. This is when people feel outsiders have invaded their culture and it will be a threat to their identity as s group. Strong adherence to culture may divide a society or has already divided many a societies. Indeed many nations in the world have been divided along tribal, racial lines because of extreme adherence of culture and the associated identity. Not only divided communities or societies but armed conflicts and turmoil as well.Many wars and other armed or unarmed conflicts have been fueled by peopleââ¬â¢s culture and identity versus culture of identity. Part Two Anthropological glasses on the local community Everywhere there are classes but the way they form somehow doesn't follow any blueprint. For inst ance in campus, students have identified themselves into various groups but some factors favor this kind of groupings. For example, smokers identify themselves as soon as they join campus. But it is healthy that identification through color is no longer in existence but a meager percentage of students use it to identify themselves into groups or classes.Nonetheless, there are two or three groups of students that are clearly identified. Class or stratification factor has played part in their formations. These groups include the rich and the poor, those serious in class with their studies and those who are not serious then a few in class of white and black albeit very few identify to these grouping. But the most encouraging trend is that these groupings are not extreme, they are very neutral and they have been neutralized for the reason that there is a lot of sharing right from the library to hostels and from class to the cafeteria.These make a very wide difference when comparing them with the groups which are discussed in the text, the text groupings tend to take an extremism dimension in their cultural setting which when compared to the local community or university are flexible and there is no remarkable degree of separation between the groups. In my observation this form of culture is very different because even ladies intermingle with gentlemen freely and there exists an aura of freedom for all and sundry.Finally institutions like universities and colleges have played an important role in connection to various cultures by bringing these diversities to one main culture without force. For instance color segregation has been dealt with intellectually because there is a lot of sharing within and without class. Part Three Vital lessons in this course There are many lessons that I have learned throughout this cause. Some of these lessons include the factors that have contributed to inequality and segregation and what has been done to counter this phenomenon.How s tratification or class was born and how soon or later it will disappear from society. Any form of identification may severely damage the conscious of some people regarding other cultures. Education can change oneââ¬â¢s culture for the better and for the worse if not both. The interest of learning a new culture also encourages the other people of different cultures to have the urge of learning something new but may depend on the expression of one party to the other. Another lesson is how family, kinship and marriage are closely knit in society.As people are crossing borders and oceans for new adventures they are getting absorbed to other cultures and languages and their identity is no longer the same. Language has not been given the intensity it deserves in matters of any culture anywhere. Some people may not totally forget their culture and language but they do not practice, and gradually it disappears. Of course my argument must be clear that this tribal, clan and racial interma rriages are very positive towards promoting harmony anywhere in the world but the factor itself is harmful to the survival of some cultures and languages.And by assurance, this is causing a very hot debate as already many cultures, languages, groups of people and tribes are disappearing or they are totally extinct. One other important lesson is the relationship between environment and man. Environment shapes culture and change in the environment alters the behavior and the living patterns of people thus culture in general. Environment is part in shaping manââ¬â¢s culture and manââ¬â¢s activities have been detrimental to the environment hence cultural change. (Embers 2007)
Tuesday, October 22, 2019
Explore These Free Online Macroeconomics Textbook Resources
Explore These Free Online Macroeconomics Textbook Resources Today, there are more resources available for economics students than ever before. This new knowledge-rich environment has opened the possibility for enriched learning and has made research more easily and readily accessible to the average economics student. Whether you are seeking to supplement your university studies, dig deeper into your economic research for a project, or drive your self-study of economics, we at About.com have compiled a series of excellent economics resources and assembled them into a comprehensive online macroeconomics textbook. Introduction to About.coms Online Macroeconomics Textbook About.coms online macroeconomics textbook is presented as a set of links to various resources and articles on key macroeconomics topics that are perfect for the economics beginner, undergraduate student, or someone just trying to brush up on the basic macroeconomics concepts. These resources present much of the same information as the classic hardcover textbooks listed on university course syllabi, butà in an easily accessible format that encourages fluid navigation. Also like those expensive economics textbooks that undergo revisions and updates as they are published in subsequent editions, our online macroeconomics textbook resources are always being updated with the latest and most useful information some of which is driven by readers like you!à While every undergraduate-level macroeconomics textbook covers the same core material within its many pages, each does so in a different order depending on the publisher and how the authors choose to present the information. The order we have chosen to present our macroeconomics resources is adapted from Parkin and Bades quintessential text,à Economics. Complete Online Macroeconomics Textbook CHAPTER 1: What is Macroeconomics? Compilation of articles that strive to answer this seemingly simple question, what is economics? CHAPTER 2: Unemployment An examination of the macroeconomics issues surrounding unemployment including, but not limited to, productivity and income growth, supply and demand of labor, and wages. CHAPTER 3: Inflation and Deflation A look at the basic macroeconomics concepts of inflation and deflation, including examinations of price levels, demand-pull inflation, stagflation, and the Phillips curve. CHAPTER 4: Gross Domestic Product Learn about the concept of gross domestic product or GDP, what it measures, and how it is calculated. CHAPTER 5: The Business Cycle Discover one of the keys to understanding how periodic but irregular fluctuations in the economy, what they are, what they mean, and what economic indicators are involved. CHAPTER 6: Aggregate Demand Supply Supply and demand at the macroeconomic level. Learn about aggregate supply and demand and how it influence economic relationships. CHAPTER 7: Consumption Saving Learn to analyze the economic behaviors of consumption versus saving. CHAPTER 8: Fiscal Policy Discover the policies and actions of the United States government that influence the American economy. CHAPTER 9: Money Interest Rates Money makes the world, or rather, the economic go round. Explore the various money-related economic factors that drive the economy. Be sure to check out this chapters subsections for a deeper exploration:- Money- Banks- Demand For Money- Interest Rates CHAPTER 10: Monetary Policy Like federal fiscal policy, the United Statess government also directs monetary policy that impacts the economy.à CHAPTER 11: Wages Unemployment Looking deeper into the drivers of wages and unemployment, be sure to check out the subsections of this chapter for further discussion:- Productivity Income Growth- Demand Supply of Labor- Wages Employment- Unemployment CHAPTER 12: Inflation Looking deeper into the drivers of inflation, be sure to check out the subsections of this chapter for further discussion:- Inflation Price Level- Demand-Pull Inflation- Stagflation- Phillips Curve CHAPTER 13: Recessions Depressions The phases of the business cycle are exaggerated with the occurrence of recessions and depressions. Learn about these deep falls in the economy. CHAPTER 14: Government Deficit Debt Discover the impact government debt and deficit spending has on the economy. CHAPTER 15: International Trade In todays global economy, globalization and international trade along with its concerns regarding tariffs, sanctions, and exchanges rates are consistently among the most debated issues. CHAPTER 16: Balance of Payments Explore the balance of payments and the role it plays in the international economy. CHAPTER 17: Exchange Rates Exchange rates are ever more important to an economys health as international trade continues to be a great influence on domestic economies. CHAPTER 18: Economic Development Beyond the borders of the United States, explore the economic issues faced by developing countries and the third world.
Monday, October 21, 2019
The Electoral Commission If Ghana Past and Present Essays
The Electoral Commission If Ghana Past and Present Essays The Electoral Commission If Ghana Past and Present Essay The Electoral Commission If Ghana Past and Present Essay The hallmark of a democratic system is the willingness of the principal actors/interest in society to accept the inherently uncertain outcomes of the electoral competition. An electoral system is a method by which votes are translated into legislative seats. The Electoral arena in democracy is the most important element of politics; because it is the primary forum of intergroup competition. It is in the house of parliament not in the streets that individuals and groups in multi-ethnic societies are expected to resolve their difference. Ghanaââ¬â¢s electoral system has the following basic characteristic: * Universal adult suffrage for citizens who are 18 years or older (it used to be 21 years up to the advent of the Second Republic); * Official registration of voters; * Non-compulsory registration or voting; * Secret ballot; * Registration of political parties; Political parties are not allowed to sponsor candidates for elections to District Assemblies and lower local government units; * Presidential election where the winner requires more than 50% of the valid votes cast; * Parliamentary and local elections on the basis of the first-past-the post; * A run-off election in case no winner emerges on the first ballot; * No minimum voter turn-out required for presidential/parliamentary elections; and * A permanent electoral commission; IMPORTANCE OF THE ELECTORAL SYSTEM Political institutions shape the rules of the game in which democracy is practiced and is often said that the easiest political institution to manipulate for bad or good is the electoral system. In translating votes cast in an election into seats in the legislature, the choice of electoral system can effectively determine who is elected and which party gains power. Under the current study only two most commonly practiced electoral systems will be thoroughly considered: the First Past the Post and the Proportional Representation systems. Though is a known fact that most countryââ¬â¢s political framework are often specified in the constitution and thus difficult to amend, electoral system change can thus be subject to manipulations by unscrupulous majority. Mill (1958) The choice of an electoral system may lead a country to formation of coalition government or a minority government while another may allow one party to assume majority control. 2. 1. 2 ELECTORAL SYSTEM AND PARTY SYSTEM The consequences of an electoral system may go beyond primary effects: Some encourage or enforce the formation of political parties; others recognize only individual candidates, others encourage the relative sizes of political parties in the legislature, so is the internal cohesion and the discipline of political parties; some may allow factionalism, while another system encourage parties to speak with one voice and suppress dissent. Mr. Chairman, I must say past attempts to build democracy without parties have failed. Notable examples are the George Washingtons, General De Gaulle, Mikhail Gorbachev and Boris Yeltsin THE INFLUENCE OF AN ELECTORAL SYSTEM An electoral system can influence the way a party campaign and the behavior of political elite, determine the broader political climate, encourage or retard alliances between/among parties. The electoral system can serve as an incentive for parties and groups to be broadly based and accommodating or to base themselves on narrow appeals to ethnicity or kinship ties. THE ROLE OF THE ELECTORAL COMMISSION IN THE DEMOCRATIZATION PROCESS. The framework for the structure of the Electoral Commission of Ghana can be found in 3 articles of the 1992 Constitution of Ghana. Articles 43(1),52 and actile53. There are three models of election management bodies in the world. 1. The Independent Model of Electoral Management 2. The Governmental Model of Electoral Management 3. And the Mixed Model of Electoral Management Some guiding principles for all EMBs: * Independence . Impartiality. Intergrity. Transparency. Efficiency * Professionalism . Service -mindedness FUNCTIONS OF THE COMMISSION The functions and powers of the Commission are spelt out by the Constitution (see Article 45 in particular) and other laws. They may be summarized as follows: * The compilation of the voters register; * The demarcation and periodic revision of electoral boundaries for national and local elections; * The conduct and supervision of all public elections and referenda; * Voter education; * Setting the dates of public elections; Making regulations for the performance of its functions; * Appointment of staff in consultation with the Public Service Commission; * Issuance of national identity cards; As amended by EC Amendment Act 2003 section 2(d) to undertake the preparation of voter identity cards and in section 12(1c) the issue of voter identity cards to repeal the identity cards Decree 1972. * The registration of political parties and supervision of the election of their national and regional exe cutive members; STATUTORY FUNCTIONS Conduct of election of the officers of certain statutory bodies, including: the Trades Union Congress (TUC), the Veterans Association of Ghana (VAG), the Ghana Medical and Dental Association, the Houses of Chiefs, and the District Assemblies. * Proper storage of election materials * Empowers the Commission to register Ghana citizens living abroad i. e persons in service of Ghana or govt duty or UN missions and their spouse. THE MISSION STATEMENT OF THE COMMISSION The EC is a Constitutional body mandated to deliver free and fair elections as a means of advancing the course of democracy and good governance in Ghana. This is to be achieved by: * Developing a professional competent work force that exhibit a high sense of personal integrity. * Building confidence and trust in the electoral system. * Establishing transparency and verifiable electoral process. * Maintaining a high level of accountability of resources made available by the State and Donors. * Treating all stakeholders in elections fairly. Maintaining a reliable and credible voters register and Making the electorate knowledgeable about their rights and responsibilities. ABSTRACT In the early days of democratic elections in most African countries, elections were managed by a department of governments, usually located in a ministry. The changes over a period have increasingly been the establishment of a separate body for purposes of the administration and management of elections. Electo ral Commissions in Africa differs in their structures, functions, powers and the tenure of their members . In spite of this , ideally, the main attribute of an independent electoral commission as in the case of Ghana includes: a practical rather than theoretical legal guarantee of the independent of the commission from government or any other external body, security of tenure of office, commissionââ¬â¢s ability to hire, train, reward, discipline and fire it own staff and the provision of adequate resources for the commission to effectively carry out its functions must be guarantee and enforced in law. An overview of the electoral Commission of Ghana, obviously shown an overhaul of the entire set up in order to guarantee transparency, cost-effectiveness election management, use of technology and true collaboration with political parties. In this regard, with the exception of a few things that require secrecy, election administration is seen as public business which must not only be done in the open but must also be opened to public scrutiny. The lessons offered by the Ghanaian experience shown a distinction between a theoretical and practical independent election management body undergoing real structural and non-structural changes in the discharge of its mandates. A condition, I hope other African election administrators are increasingly positioned to an acceptance of this principle.
Sunday, October 20, 2019
Visas de trabajo TN para profesionales mexicanos
Visas de trabajo TN para profesionales mexicanos Estados Unidos ofrece visas de trabajo exclusivamente para profesionales mexicanos y canadienses. Estos visados se otorgan al amparo del Tratado de Libre Comercio (TLC) o NAFTA, por sus siglas en inglà ©s. Requisitos para las visas TN 1. Ser mexicano y tener un pasaporte vigente. 2. Ser elegible para una visa. Si no se cumple este requisito, ser denegada. Tener un tà tulo de las profesiones que se pueden acoger a este tipo de visa. Tener una oferta de trabajo para empleo a tiempo completo o a tiempo parcial como un profesional de NAFTA. La oferta puede provenir de una empresa americana o de una extranjera que opere dentro de los Estados Unidos. Sin embargo, est explà citamente prohibido el autoempleo. Profesiones para obtener la visa TN El listado completo lo publica NAFTA en su pgina oficial en el Apà ©ndice 1603.D.1. Este es el listado de 60 profesiones. En general se necesita tener un tà tulo universitario equivalente al Bachelorà ´s Degree pero hay excepciones. (Estas agencias pueden validar en Estados Unidos los estudios cursados en Mà ©xico). Entre las profesiones destacan: abogados, arquitectos, bibliotecarios, especialistas en sistemas de computacià ³n, economistas, ingenieros, gerentes de hoteles, diseà ±adores industriales y de interiores, trabajadores sociales, enfermeras o asistentes de investigacià ³n en universidades.Obtener la visa Se realiza la solicitud a la Embajada americana en el DF o al consulado que corresponda. Se inicia el proceso rellenando digitalmente la forma DS-160 para hacer una cita para la entrevista y pagar los aranceles correspondientes para el visado (este dinero no se recupera si la visa es denegada). La cuota es la que corresponde a una visa dentro de la categorà a de ââ¬Å"no inmigranteâ⬠, categorà a TN. En la entrevista se deber acudir con un pasaporte mexicano que expire al menos seis meses despuà ©s de la fecha inicial de expiracià ³n de la visa. Y se deber presentar la carta de empleo de la empresa que requiere al profesional mexicano. Tambià ©n se debern presentar todos los diplomas que acrediten estudios acadà ©micos y todos los documentos que sirvan para probar la experiencia profesional. Antes de acudir a la entrevista, verificar las reglas del consulado sobre el tiempo de antelacià ³n con el que uno debe presentarse. No llevar celular ni ropas de abrigo. Intentar llevar toda la documentacià ³n en un fà ³lder de plstico transparente. Y recordar que no se permite tomar fotos dentro de las oficinas consulares estadounidenses. No se necesita licencia para practicar una determinada profesià ³n en el estado al que se vaya a trabajar. Sin embargo, este requisito sà que puede exigirse despuà ©s de obtener la visa y entrar en Estados Unidos, pero no en el momento de la entrevista para la visa. Este visado est catalogado como una visa ââ¬Å"no inmigranteâ⬠. Si es concedida, se entrar en Estados Unidos donde en la frontera se sellar el formulario I-94 de registro de entrada y salida, y que debe conservarse durante toda la estancia en el paà s y entregarlo de vuelta a la salida. Validez de la visa La visa ser vlida por un mximo de tres aà ±os. El empleador podr pedir una extensià ³n presentando antes el Servicio de Inmigracià ³n y Naturalizacià ³n (USCIS, por sus siglas en inglà ©s) el formulario I-129. Tener presente que la fecha mxima de estancia en EU no es la que seà ±ala la visa, sino la que est marcada en el I-94. Quedarse un dà a ms de la fecha mxima que se encuentra en el registro de entrada y salida equivale a quedarse sin estatus legal y a que la visa se anule de forma automtica.La extensià ³n de la estancia debe pedirse teniendo en cuenta la fecha del I-94, no la de la visa, para los casos en los que ambas no coinciden. Visa para familiares Se puede conceder una visa de acompaà ±ante para el cà ³nyuge y los hijos solteros menores de 21 aà ±os. No es necesario que sean de nacionalidad mexicana. Los familiares podrn vivir en Estados Unidos y estudiar, pero no podrn trabajar. A tener en cuenta Muchas de las personas que pueden aplicar por una TN podrà an tambià ©n hacerlo por una H-1B, pero asà se evitan problemas propios de este à ºltimo tipo de visas, como la loterà a cuando el nà ºmero de solicitantes es superior al de visados disponibles. A la hora de encontrar trabajo, en principio es ms fcil en los estados con una tasa de desempleo baja. Porque aunque en Estados Unidos hay en la actualidad una situacià ³n cercana en muchas regiones al pleno empleo, lo cierto es que hay grandes diferencias por estados en la situacià ³n econà ³mica y de empleo. Mexicanos y frontera Es posible para los mexicanos acelerar el paso de control migratorio en la frontera terrestre entre Mà ©xico y USA formando parte del programa SENTRI. Adems, el Global Entry permite tambià ©n hacer ms rpido el control de Inmigracià ³n en aeropuertos. Y por supuesto tambià ©n est la visa lser, tambià ©n conocida como de cruce que facilita el paso migratorio. Este es un artà culo informativo. No es asesorà a legal.
Saturday, October 19, 2019
Canada - The new global economy Essay Example | Topics and Well Written Essays - 1000 words
Canada - The new global economy - Essay Example Through these trading activities, the country will realize improvement of its local infrastructure, increased job opportunities, and increased revenue collected from traders within and outside the country. Moreover, the country is also set to experience increased supply of goods and services that enhances the living standards of the locals. International trade and relations play an essential role in the growth and development of the Canadian economy. In the recent years, the country has hugely credited its growth and development to international trade and relations with other countries. Through international trade, Canadians can access the international markets and interact with numerous traders from all over the world. According to Bowen, Hollander, & Viaene (2012), the international markets offer various buyers and consumers who purchase Canadian products at relatively fair prices. As a result, traders and producers manage to sell many goods to the international community. Moreover, according to Passaris (2015), Canadians also have access to other essential goods and services from other countries. These products are affordable and are useful for both local consumption and production of other commercial goods. Through this, the country is assured of revenue from trade and consumers are assured of affordable quality go ods and services from other countries. From these, Canadians quickly experience economic growth due to the revenue collected from trade. Moreover, these citizens are also assured of improved living standards since they easily access a range of basic goods at an affordable price. Thus, for the country to enjoy future economic growth and development, they must actively participate in trading activities. Equally important, the country has numerous trade agreements with other countries around the world. The most notable examples of trade relations Canada has with various countries are the North American Free
Disclosures regulations in the US Essay Example | Topics and Well Written Essays - 750 words
Disclosures regulations in the US - Essay Example This paper will attempt to explain these regulations, as well as provide an example of these regulations by showing how the executives of Pfizer, a pharmaceutical giant, complies with the CFR. Body According to the SEC, all corporations must disclose any renumeration made to the CEO, CFO and the three most highly paid officers (Right2Info). The rules apply to the following disclosures: ââ¬Å"(1) tabular disclosures regarding executive remuneration and director remuneration;(2) narrative description of other types of remuneration and any information material to an understanding of the tabular information, and (3) a Compensation Discussion and Analysis (ââ¬Å"CD&Aâ⬠)â⬠(17 C.F.R. à § 229.402(b) (2008)) . The way that all companies must disclose this information is through their annual proxy statement, which the SEC's website makes available on-line (17 C.F.R. à § 229.402(b) (2008)). The information on executives in the tabular disclosures required is information about the salary, bonuses, equity awards and deferred compensation. For directors, the disclosures are similar, although not as detailed with regards to the equity awards. The SEC has started requiring, since 2006, that its compensation discussion and analysis (CD&A), that corporations begin disclosing the following with regards to executive compensation: ââ¬Å"(i) the objectives of the companyââ¬â¢s remuneration programs; (ii) what the remuneration programs of the company are designed to reward; (iii) what is each element of remuneration; (iv) why the company chooses to pay each element of remuneration; (v) how the company determines the amount for each element of remuneration; and (vi) how each element of remuneration and the companyââ¬â¢s decisions regarding that element fit into the companyââ¬â¢s overall compensation objectives and affect decisions regarding other elements of remuneration.â⬠(17 C.F.R. à § 229.402(b)(1) (2008)) . The reason why the SEC has started requiri ng this information is so that investors can get the justification for the salaries and bonuses that executives receive, whereas before this requirement, corporations simply had to disclose numerical data without justification. This is important, as a corporation has to make these justifications, especially into today's climate of anger about executive salaries. Investors and the public have a right to know exactly why a certain executive is making a certain salary and receives certain bonuses. Additionally, there are other regulations that are designed to increase transparency about executive and director compensation. For instance, there are regulations that require disclosure regarding ââ¬Å"(i) beneficial ownership of public company securities by persons owning 5% or more of any class of the companyââ¬â¢s voting securities and executives and directors; (ii) transactions between the company and related persons (generally defined to include officers, directors, 5% beneficial h olders, and close family members of these individuals); and (iii) disclosure regarding a companyââ¬â¢s processes and procedures for the consideration and determination of executive and director remuneration.â⬠(17 C.F.R. à § 229.407 (2008)). As an example of the disclosures that are required by the SEC under the promulgated CFR rules, one can look to the SEC disclosures for Jeffrey Kindler, who is the CEO of Pfizer. On this website, the company details the remuneration for Mr. Kindler, as well as detailed several pages of justification for why Mr. Kindler is being
Subscribe to:
Posts (Atom)