What Makes An Ayn Rand Anthem Sample Essay Work?

What Makes An Ayn Rand Anthem Sample Essay Work?How does an Ayn Rand Anthem Sample essay work? Before we look at that question, let's first take a look at the basic fundamentals of why you need to write poetry. The next paragraph explains it better.Poetry is the art of expressing one's thoughts and feelings in a way that will bring back meaning for the reader. To express your thoughts in poetry, you have to think of words. To express your feelings, you have to feel them. And to feel your feelings, you have to express them in a poetic way.Now, with all that in mind, how does an Ayn Rand Anthem Sample essay work? It really depends on the purpose of the essay, the audience, and the style of the poem. But each example offers a unique story about why poetry is so important to so many people.Each of these essays are all about a person who has a favorite style of writing that he or she uses, whether it be journaling poetry, non-fiction, or fiction. Ayn Rand was one of those types of writers , and her poems are no different.An Ayn Rand Anthem Sample essay offers the reader a glimpse into what makes her unique. Her poems offer the chance to actually see what she looks like when she's writing her poems, how she writes, and what it's like to meet her. If this isn't enough, the entire essay can provide insight into Ayn Rand's life, including interesting stories about her parents, her childhood, and other details. All in all, it's a great way to learn about a great writer.The stories behind each Ayn Rand essay can also help students learn more about herself. You may have heard the stories about her growing up in Soviet Russia, how she was mistreated, and other incidents that shaped her view of the world. If you're considering entering Ayn Rand's poetry contest, this information can help you find out whether it's the right time for you to enter the competition.Ayn Rand's essays offer lessons on creating good writing, both for those who write and those who read. Students can l earn about style, structure, syntax, and what makes good poetry. Some poems include complex stories about historical figures, philosophers, and other things that make them interesting. Whether you're looking for inspiration for a poem or a way to learn about your own writing style, this is a great choice.One thing to keep in mind is that you don't have to follow in the footsteps of Ayn Rand, but there is much to be learned from her. It's a good idea to get some Ayn Rand inspired essays in writing and begin thinking about how the world of poetry can help you succeed.

Battle of Champion Hill in the American Civil War

Battle of Champion Hill in the American Civil War   Battle of Champion Hill - Conflict Date: The Battle of Champion Hill was fought May 16, 1863, during the American Civil War (1861-1865). Armies Commanders: Union Major General Ulysses S. Grant32,000 men Confederates Lieutenant General John C. Pemberton22,000 men Battle of Champion Hill - Background: In late 1862, Major General Ulysses S. Grant commenced efforts to capture the key Confederate fortress of Vicksburg, MS. Situated high on the bluffs above the Mississippi River, the town was critical to controlling the river below. After encountering numerous difficulties in approaching Vicksburg, Grant elected to move south through Louisiana and cross the river below the town. He was assisted in this plan by Rear Admiral David D. Porters flotilla of gunboats. On April 30, 1863, Grants Army of the Tennessee began moving across the Mississippi at Bruinsburg, MS. Brushing aside Confederate forces at Port Gibson, Grant drove inland. With Union troops to the south, the Confederate commander at Vicksburg, Lieutenant General John Pemberton, began organizing a defense outside of the city and calling for reinforcements from General Joseph E. Johnston. The majority of these were sent to Jackson, MS though their travel to the city was slowed by damage inflicted to the railroads by Colonel Benjamin Griersons cavalry raid in April. With Grant pushing northeast, Pemberton anticipated that  Union troops  would drive directly on Vicksburg and began withdrawing back towards the city. Able to keep the enemy off balance, Grant instead attacked towards  Jackson with the goal of  cutting the Southern Railroad which connected the two cities. Covering his left flank with the  Big Black River, Grant pressed ahead with Major General James B. McPhersons XVII Corps on the right and issued orders for it  to proceed through Raymond to strike the railroad at Bolton. To McPhersons left, Major General John McClernands XIII Corps was to sever the Southern at Edwards while Major General William T. Shermans XV Corps was to attack between Edwards and Bolton at Midway (Map). On May 12, McPherson defeated some of the reinforcements from Jackson at the Battle of Raymond. Two days later, Sherman drove Johnstons men from Jackson and captured the city.   Retreating, Johnston instructed Pemberton to attack Grants rear. Believing this plan to  be  too dangerous and that it risked leaving Vicksburg uncovered, he instead marched against Union supply trains moving between Grand Gulf  and Raymond.   Johnston reiterated his order on May 16 leading Pemberton to plan a countermarch northeast  towards Clinton.  Ã‚  Having cleared his rear, Grant turned west to deal with Pemberton and begin the drive against  Vicksburg.   This saw McPherson  advance in the north, McClernand in the south,  while Sherman, having completed operations at  Jackson, brought  up the rear. Battle of Champion Hill - Contact:   As Pemberton contemplated his orders on the morning of May 16, his army was strung out along the Ratliff Road from its intersection with the Jackson and Middle Roads south to where it crossed the Raymond Road.   This saw Major General Carter Stevensons division  at the northern end of the line, Brigadier General John S. Bowens in the middle, and Major General William Lorings in the south.   Early in the day, Confederate cavalry encountered Union pickets from Brigadier General A.J. Smiths division from McClernands XIII Corps near a roadblock Loring had  erected on the Raymond Road.   Learning of this, Pemberton instructed Loring to hold off the enemy while the army commenced its march towards Clinton (Map). Hearing the firing, Brigadier General Stephen D. Lee of Stevensons division, became concerned about a potential threat up the Jackson Road to the northeast.   Sending forward scouts, he deployed his brigade on nearby Champion Hill as a precaution.   Shortly  after assuming this position, Union forces were spotted advancing down the road.   These were  the men of Brigadier General Alvin P. Hoveys Division, XIII Corps.   Seeing the danger, Lee  informed Stevenson who dispatched Brigadier General Alfred Cummings brigade to  form on Lees right.   To the south,  Loring formed his  division behind Jackson Creek and turned back an initial attack by Smiths division.   This done, he assumed a stronger position on a ridge near the Coker House. Battle of Champion Hill - Ebb and Flow: Reaching the Champion House, Hovey spotted the Confederates on his front.   Sending forward the brigades of Brigadier General George McInnis and Colonel James Slack, his forces began engaging Stevensons division.   Slightly to the south, a third Union column, led by Brigadier General Peter Osterhaus XIII Corps division approached the field on the  Middle Road  but halted when it encountered a Confederate roadblock.   As Hoveys men prepared to attack, they were reinforced by Major General John A. Logans Division from XVII Corps.   Forming on Hoveys right, Logans men were moving into position when Grant arrived around 10:30 AM.   Ordering Hoveys men to attack, the two brigades began advancing.   Seeing that Stevensons left flank was in the air, Logan directed Brigadier General John D. Stevensons brigade to strike this area.   The Confederate position was saved as Stevenson rushed Brigadier General Seth Bartons men to the left.   Barely arriving in time, they succeed ed covering the Confederate flank (Map). Slamming into Stevensons lines, McInnis and Slacks men began push the Confederates back.   With situation deteriorating, Pemberton directed Bowen and Loring to bring up their divisions.   As time passed and no troops appeared, a concerned  Pemberton began riding south and rushed forward Colonel Francis Cockrell and Brigadier General Martin Greens brigades from Bowens Division.   Arriving on Stevensons right, they struck Hoveys men and began driving them back  over Champion Hill.   In a desperate situation, Hoveys men were saved by the arrival of Colonel George B. Boomers  brigade of  Brigadier General Marcellus Crockers division  which helped stabilize their line.   As the rest of Crockers division, the brigades of Colonels Samuel A. Holmes and John B. Sanborn, joined the fray, Hovey rallied his men and the combined force counterattacked. Battle of Champion Hill -  Victory Achieved: As the line in the north began to waver, Pemberton became increasingly irate at Lorings inaction.   Possessing a deep personal dislike of Pemberton, Loring had realigned his division but had done nothing to shift men toward the fighting.   Committing Logans men to fight, Grant began to overwhelm Stevensons position.   The Confederate right broke first and was followed by Lees men.   Storming forward, Union forces captured the entire 46th Alabama.   To further worsen Pembertons situation, Osterhaus renewed his advance on the Middle Road.   Livid, the Confederate commander rode off in search of Loring.   Encountering Brigadier General Abraham Bufords brigade, he rushed it forward. As he returned to his headquarters, Pemberton learned that Stevenson and Bowens lines had been shattered.   Seeing no alternative, he ordered a general retreat south to the Raymond Road and west to a bridge over Bakers Creek.   While beaten troops flowed southwest, Smiths artillery opened on Brigadier General Lloyd Tilghmans brigade which was still  blocking the Raymond Road.   In the exchange, the  Confederate commander was killed.   Retreating to  Raymond Road, Lorings men  attempted to follow Stevenson and Bowens divisions over the Bakers Creek Bridge.   They were prevented from doing  so by Union brigade that had crossed upstream and had turned south in an attempt to cut off the Confederate retreat.   As a result, Lorings Division moved south before circling around Grant to reach Jackson.   Fleeing the field, Stevenson and Bowens divisions made for defenses along the Big Black River. Battle of Champion Hill - Aftermath: The bloodiest engagement of the campaign to reach Vicksburg, the Battle of Champion Hill saw Grant suffer 410 killed, 1,844 wounded, and 187 missing/captured while Pemberton incurred 381 killed, 1,018 wounded, and 2,441 missing/captured.   A key moment in the  Vicksburg Campaign, the victory ensured that Pemberton and Johnston would not be able to unite.  Ã‚  Forced  to  begin falling back towards the city, Pemberton and Vicksburgs fate were essentially sealed.   Conversely, having been defeated, Pemberton  and Johnston failed to  isolate Grant in central  Mississippi, cut off his supply lines to the river, and win a key victory for the Confederacy.  Ã‚  In the wake of the battle, Grant was critical of McClernands inaction.  Ã‚  He firmly believed that had XIII Corps attacked with vigor, Pembertons army could have been destroyed and the  Siege of Vicksburg avoided.   After spending the night at Champion Hill,  Grant continued his pursuit the next day and w on another victory at the Battle of Big Black River  Bridge.    Selected Sources: Civil War Trust: Battle of Champion HillBattle of Champion HillCWSAC Battle Summaries: Battle of Champion Hill

Introduction to Evergreen Bagworm Moths

Introduction to Evergreen Bagworm Moths If you are unfamiliar with bagworm, you might never notice it on the evergreens in your yard. Cleverly disguised in their bags made from the foliage of the host tree, Thyridopteryx ephemeraeformis larvae feed on cedars, arborvitae, junipers, and other favorite landscape trees. Description Despite its nickname, Thyridopteryx ephemeraeformis is not a worm, but a moth. The bagworm lives its entire life cycle inside the safety of its bag, which it constructs with silk and interwoven bits of foliage. The larval form appears worm-like, hence the name bagworm. Identifying bagworm in the landscape requires a good eye capable of recognizing their excellent camouflage. Because bagworm usually infests evergreen trees, the brown bags may be overlooked at first, appearing like seed cones. Look for suspicious cone-shaped bundles of dried brown foliage, up to 2 inches long, that match the trees needles or leaves. Only the adult male moth leaves the protection of its bag when ready to mate. The moth is black, with clear wings that span roughly an inch across. Classification Kingdom - Animalia Phylum - Arthropoda Class – Insecta Order – Lepidoptera Family - Psychidae Genus - Thyridopteryx Species - ephemeraeformis Bagworm Diet Bagworm larvae feed on the foliage of both evergreen and deciduous trees, especially these favorite host plants: cedar, arborvitae, juniper, and false cypress. In the absence of these preferred hosts, bagworm will eat the foliage of just about any tree: fir, spruce, pine, hemlock, sweetgum, sycamore, honey locust, and black locust. Adult moths do not feed, living just long enough to mate. Life Cycle Bagworm, like all moths, undergoes complete metamorphosis with four stages. Egg:Â  In late summer and fall, the female lays up to 1,000 eggs in her case. She then leaves her bag and drops to the ground; the eggs overwinter.Larva:Â  In late spring, larvae hatch and disperse on silken threads. They immediately begin feeding and constructing their own bags. As they grow, the larvae enlarge their bags by adding more foliage. They stay within the safety of their bags, sticking their heads out to feed and carrying the bags from branch to branch. Frass falls out of the bottom end of the cone-shaped bag through an opening. Pupa:Â  When the larvae reach maturity in late summer and prepare to pupate, they attach their bags to the underside of a branch. The bag is sealed shut, and the larvae turn to head down inside the bag. The pupal stage lasts four weeks.Adult:Â  In September, adults emerge from their pupal cases. Males leave their bags to fly in search of mates. Females have no wings, legs, or mouthparts, and remain within their bags. Special Adaptations and Defenses The bagworms best defense is its camouflage bag, worn throughout its life cycle. The bag allows otherwise vulnerable larvae to move freely from place to place. Female moths, though confined to their bags, attract mates by releasing strong sex pheromones. Males leave their bags to find partners when they sense the chemical alert from females. Habitat Bagworms live anywhere suitable host plants are available, especially forests or landscapes with cedar, juniper, or arborvitae. In the U.S., bagworms range from Massachusetts south to Florida, and west to Texas and Nebraska. This pest is native to North America.

Organizational Management Essay Example | Topics and Well Written Essays - 1750 words - 1

Organizational Management - Essay Example One of the ways in which employees can be made happy is through employee motivation. This requires knowledge of the above mentioned disciplines and related theories. Due to its importance, employee motivation has been the subject of serious study by many theorists and scholars over a period of time. The objective of this research paper is to study employee motivation Research questions: Money is considered to be a motivating factor for all employees, but studies have indicated that they are motivated by other factors also. The research question in this study is given below. Literature review and methodology: A literature review will be done on the area. A methodology using primary and secondary data will also be used to substantiate the findings. A survey among the employees of the organization where this researcher is working as an administrative head will be conducted Human Resource Management is one of the most important topics of study in the organizational management today. The word organization was used because this area of study affects all types of organizations. They can be the government and government organizations, they can be organizations run for profit like corporations and companies and they can be run not-for profit. In each case managing of the human capital is important for the efficient functioning of the organizations. The field is a very vast one with elements of psychology, anthropology, economics, etc being included in the study. This paper forms a part of a research proposal that looks at HRM in general with regard to the career options of this writer. This writer is working as an administrative head in a large manufacturing organization that is planning to expand into international markets. The proposal will focus on a specific area of human resources management namely managing employee motivation which is an essential

Assignment Example | Topics and Well Written Essays - 250 words - 403

Assignment Example The program effectiveness lies in the fact that it enables all companies whether large or small to get access to financing when converting exports to sales. Many businesses are currently using the program to help whenever they have emergencies in exporting their products yet they face cash deficit. Additionally, the U.S Export-Import Bank only fills the gap left in the financial market by the existing banks (Krahmer, 1990). That increases its effectiveness because businesses use it when under financial need. The flexibility of the program makes it quite effective in use by the enterprise originations (Liu, 2011). As Liu (2011) reports, the program also offers other benefits such as enabling the applying company to purchase raw materials and a collection of accounts receivable. It also guarantees the provision of working capital to the firms at any moment. Additionally, the program reduces the bureaucracy involved in getting a loan. For instance, the application fee is approximately $100 submitted with company’s financial statements for at least the past one year. The time saved by having a short chain of procedures further makes the program effective in helping the business firms sort out their financial emergencies or

History Of The Stewardship Theory Accounting Essay

History Of The Stewardship Theory Accounting Essay The stewardship theory holds a different approach from that of the agency theory, it first premise is that, the company serves a large range of social purposes rather than just trying to maximize the wealth of shareholders. The stewardship theory also called the stakeholders theory assumes that corporations are social entities that affect stakeholders welfare and stakeholders are individuals interacting with the firms directly, therefore, they can affect or affected by the achievement of the firms objectives(Donaldson and preston,1995, freeman,1984) According to Starik and Rands(1995), a companys success can be judge by its ability to add stakeholders value(starik and rands,1995,Dunphy et al,2003).stakeholders will only return to a firm for more when they always get what they wantFreeman,1984, freeman and Mc Vea,2001).Hence stakeholders are regarded as instrumental to corporate success and they tend to possess some moral and legal rights(Donaldson and Preston,1995, Ulrich,2008).Companies management have to take in to consideration the claims or concern of stakeholders in their decision making process(Blair, 1995), stakeholders participation in the companys decision making process enhance better efficiency (Turnbull,1994) and also reduces conflicts(Rothman and friedman, 2001). A company can use two approaches when considering or integration stakeholders in their decision making (kaptein and van Tulder,2003). These two approaches are reactive and proactive approach. Reactive approach on one hand is when the concern of stakeholders are not considered or integrated in making corporate decision. This usually leads to misalignment of the companys objectives and the demands of stakeholders (Mackenzie,2007).The scandals of world com was attributed to the fact that they never integrated the stakeholder concern in their decision making processes(Curral and Epstem,2003, Turnbull,2002, walkins,2003 and Zandstra,2002) .In respond to these scandals, some regulations were set up by governments with the aim of aligning stakeholders interest with corporate objectives. For instance, the Sarbanes-Oxley Act. On the other hand, the proactive approach is when companies integrate the concern of stakeholders in their corporate decision making process, thus establishes a good cor porate governance structure( de wit et al, 2006). 3.5 Summary of the theories. The knowledge of agency theory can be credited to Coase (1937) however the ideas of this theory was practical only to directors and boards since the 1980s.Following . agency theory, individuals are self-interested and not altruistic, therefore individuals can never be trusted to always act in others best interest. On the other hand,, individuals will always want to maximize their utilities functions, the agency theory considered managers and shareholders relationship as a contract ( Adams, 2002). This means that managers actions must be properly monitored to guarantee that they always act in shareholders best interest. The stewardship theory on its part opted that companys board of directors and their CEO, acting as stewards, are encouraged to act in the companys best interests and not trying to satisfy their selfish interests. This is partly because, previously senior executives regarded companies as an extension of themselves (Clarke, 2004; Wheelen Hunger, 2002).The stewardship theory therefore suggested that,like shareholders, top management of a company should care more on the future success of the company (Mallin, 2004). 3.6 The impact of Audit committee The AC is seen to have great impacts in attempt to ensure good corporate governance. These impacts can be seen on audit process and audit fees 3.6.1 The impact of AC on Audit process It has been acknowledge that AC has a pertinent role to play in verifying and protecting the integrity of the companys financial statement and the company internal control systems (Abbott et al, 2004; klein, 2003; Australian accounting research foundation et al, 2001).Included in this role, the AC has the responsibility of guaranteeing the independence and competence of external auditors(ASX, 2003;Australian accounting research foundation, 2001).According to Sabones-Oxley act, the AC has the responsibility to appoint auditors and they have to oversees the performance of the auditors regarding the firms external financial reporting(US congress, 2002) It was argued by smith report (2003) that AC have to review the engagement memo at the start of audit and the AC has to take in to consideration the audit scope and the suitability of the work that is planed.Furthermore, according to smith report,(2003) ,at the end of the audit work, the AC have to evaluate the the audit findings and management opinions regarding the auditors recommendations. As a recommendation, AC has to meet with external auditors at least on a yealy basis in the absence of the management to deliberate on issues arising fro the audit (smith report, 2003, Australian accounting and research foundation et al, 2001). Some research has been carried out to sample auditors view regarding the impact of AC on audit. Cohen et al,(2002) carried out a structured interview sampling the opinions of auditors. It was revealed that AC has a less significant role to play on audit process compared to senior management or the board. In this interview, the auditors specified that they only met with AC 2 to 3 times a year and in these meetings, the AC plays a passive role rather than acting proactive as the auditors tends to be reporting to the AC. However, deliberations with AC are reported to have significant impact on the audit risk assessment and audit setting(cohen et al, 2002). Another key area where AC has a pertinent role to play in audit process is to resolve conflicts between the management and the auditors(cohen et al,2002, Turley and Zaman, 2004).As revealed by beattie et al (2000), AC seems to diminish the confrontational strength of interaction between the auditors and management by increasing the level of discussion and reducing the need for negotiation(Beattie et al (2000).On the other hand, some studies like Dezoort et al,2003;Dezoort and salterio, 2001:and knapp,1987) observed influential factors on the AC decisions to support auditors in steads of the management. Such factors include, AC members expertise and experiences, the nature of the conflict, the auditors perseverance and clients financial situation. 3.6.2 The impact of AC on Audit fees A good number of studies have found out that there is a link between audit fees and the AC.( Goodwin-stewart and kent, 2006; sharma, 2003).This is seen on the AC role of guaranteeing that audit hours are not cut down to a level that will compromise audit quality(Cadbury committee, 1992,;jack, 1993).According to smith report(2003), in situations where the AC is not contented with the audit scope, more work or task has to be requested. Also, the AC have to be satisfied that the audit fee is appropriate and that efficient and effective auditing performance will be achieved for the fees charged. As a consequent, incase the AC fails to carry out their responsibilities properly, they will lose their status or reputation and will face litigation when there is audit failure(Abbott et al, 2003).Therefore, the AC have high incentives to request for good auditing quality. Chapter 4 4.1 Corporate Governance issues in Developing Countries (Cameroon) According to Wallace (1990), developing countries are defined as those countries found in mid-stream of development and are referred to anamorphous and heterogeneous group of countries found mostly in Africa ,Asia, Latin America ,Middle East and Oceanea. There exist difference between developed and developing countries in terms of culture, politics and market economics (Waweru and Uliana,2005).Due to lack in skilled human resources, developing countries therefore find it difficult to attract personnels verse with accounting and financial skills in their committees. The cultural variation between highly individualistic countries ( like North America) and highly collectivistic countries (like Africa) necessitate different corporate governance arrangements. Rabelo and Vasconcelos (2002) pointed out factors like economic trends towards globalization, under developed capital market as well as government intervention has made the model of corporate governance to differ from those in Europe an countries and North America. Mensah (2002) argued that countries in Africa are not well equipped in implementing the kind of corporate governance found in the western world because of the economic and political regimes characterizing these countries(example weak fraudulent legal and judicial regimes ,state ownership of companies as well limited capacity in skilled human resources.). Corporate governance structures in less develop countries are determined by the zeal to maintain control by the majority shareholders over firms ,the dependent on debt finance, weak financial markets and ineffective legal system (Rabelo and Vasconcelos,2002).Developing countries are always confronted with problems like less developed and illiquid capital markets, economic uncertainties ,investors protection as well as weak legal and judicial control system (Tsamenyi et al,2007). According to Goddard and Masters(2000),audit committees has become more relevant and prevalent latterly but however there is paucity in the empirical research about their value. Kalbers and fogarty(1993) further indicated that the issue of whether audit committees are really discharging their relevance responsibility remain insufficiently understood, suggesting therefore the need to examine the ways audit committees are operating in developing countries like Cameroon In Cameroon, most companies are owned by institutions and such institutions are owned by the state(government), therefore most board members are serving the position as management of shareholders not because of their qualification neither their experiences(Mensah,2002).Audit committees operations in developing countries are different compared with the practices in developed countries .In 2001,the Cameroon capital market authority gave guidelines regarding corporate governance activities for listed companies.one of this guideline was that which called all boards to form audit committees comprising at least three independent non-executive directors. Figure 2, corporate governance(CG) fram work in Cameroon 4.2 The legal and Regulatory Framework of corporate governance for listed companies in Cameroon Cameroon operates under two systems of laws namely ;the common law and the civil law. The bilingual nature of Cameroon is inherited from Britain and France when the county came under the administration of these two great powers. Therefore Cameroon has a bijural system with the English Common Law effective in the two Anglophone provinces of North West and South West and the French Civil Law effective in the eight francophone provinces namely ; Adamaoua, Centre, East, Far North, Littoral, North, West and South. The surveillance of the principles of good corporate governance in Cameroon listed companies have been protected by the mixture of voluntary and mandatory mechanisms .The DSX code of best practices for listed companies in Cameroon is voluntary and is aim at enhancing good business practices and standard for all listed companies in Cameroon. On the other hand, mandatory corporate governance requirements linked to companies are enclosed in the Companies and Allied Matters Act 2001).(CAMA). The following bodies are loaded with the responsibilities of guaranteeing effective management, accountability and control of companies in Cameroon.it is important to deliberate on the respective roles and responsibilities of these institutions . 4.2.1 The Douala Stock Exchange(DSX) The DSX is the top regulatory organ of stock market in Cameroon. DSX was formed , and organized in agreement with the provisions of degree No.99/015 of the 22nd December, 1999.but it went effective from 2001. The DSX is both a standard bearer of the national economic and the financial community .It is a public limited company with board of directors. DSX has a total capital of 1.8 billions CFA of which 7% is owned by private commercial banks , credit foncier of Cameroon and the Dutch bank FMO, 23% by public interest and 13.3% by private insurance companies. In Cameroon, the number of companies listed in the Stock market is very insignificant. There are only three companies listed in the DSX namely the mineral water company(SEMC), the African society of Agriculture and forest Cameroon(SAFACAM) and the Cameroon Society of palms(SOCAPALM),DSX got as it main objective the promotion of active stock market by creating a conductive investment environment to encourage foreign investors to in vest in Cameroon. To ensure appropriate standards of conduct and expertise in security business, one of the main functions of DSX is to ensure total protection of securities, the registering of all security merchants, investment consultants and physical market like the stock exchange trading floors or branches. In custody of its mandate of spreading good corporate governance, the DSX presented the code of best practices for companies listed in Cameroon. The aim of this code was to make sure that managers and companies shareholders perform their obligations within the context of accountability and transparency. This code of best practices focuses more on the board of directors, the audit committee and the shareholders. 4.2.2 The Board Of Directors ( BODs) The code of best practices focuses more on the board responsibilities and their functions. The board have the obligation of directing the activities of the company in a legal and efficient manner as well as ensuring that the company progresses in its value creation process. According to the code, the main functions of the board are strategic preparation, selection, performance assessment and compensation of senior executives. communiquà © with shareholders, guaranteeing the truthfulness of financial control and report and also guarantee that ethical business standards are upheld and that the company is in compliance with Cameroon laws .The code endorses the board size of almost 15 members and a least 5 members made up of both executive and non-executives directors. 4.2.3 The Audit Committee (AC) The DSX code of best practices identify the importance of audit committee due to its strategic position in guaranteeing good corporate governance standards in companies. The recommendations of audit committee are an addition to the provisions of CAMA. The main duties of audit committee can be summaries as listed below; To determine if the company accounting and reporting policies are in compliance with the legal requirements and in accordance with ethical business practices Reviewing the scope and the preparation of audit requirements -Ensure the effectiveness of the companys accounting system and internal control -Make approval to the board concerning the appointment, dismissal and compensation of the companys external auditors -Approve the internal auditors to conduct investigations on activities which are of prime interest to the committee -the appraisal of the integrity of the firms financial statements; -To counsel the board on the trustworthiness of financial and maybe other informations that has to be published in the name of the board; -To supervise the financial reporting and disclosure procedures -The deliberation on the nature and scope of the audit with the external auditors -To evaluate the management memo from the external auditor; -To ensure the effectiveness of the internal control operations of the firm To evaluate any substantial findings of internal investigations 4.2.4. The Shareholders The DSX code of best practices for corporate governance in Cameroon made a series of recommendations to ease shareholders contribution at the general meeting. In respect of this, the place for the general meeting has to be such that it is conceivable and affordable in both cost and distance, to permit a mainstream of shareholders to be present in the meeting and to vote, thus avoiding the violation of shareholders right. The code also necessitates that sufficient notice of such meetings should be made available to shareholders and these meeting notices should reach the shareholders a least 21 working days before the meeting day. The notice must contain informations on the annual reports , financial statements and other relevant information to allow them to vote appropriately on these issues. The general meeting is like a venue for the companys board to communicate and boosts shareholders contribution in the companys governance 4.2.5 The Government The role of Cameroon government is not left out in ensuring good corporate governance practices. The government offers the legal frameworks for firms incorporation, outline the limits of business activities, the government ensures that the companys operations are in compliance with formed standards and that stakeholders obligations are met. The basic principles which are entrenched in the stature regarding the management and control of business corporations in Cameroon include; -The acknowledgment of company as a legal entity different from its owners. -Infinite life of a company due to shares transferability -The designated board supervises the running of the company and is answerable to the all members on their stewardship. -The directors has the obligations of keeping good records of the financial issues of the company and make proper returns. There are three main legal form for doing business in Cameroon that is, an individual functioning as a sole owner without formality, a partnership of a least two persons and the creation of a limited liability company recorded under CAMA. The CAMA gives a lot of tasks to the board members to direct the companys activities effectively to guarantee business accountability, transparency and responsible to firms owners and stakeholders. 4.3 The Actors of Corporate governance; Managers and shareholders In Cameroon, there is a cumulative rise of the question of what companies owners will become as they are simply the viewers on the management of their money by managers. To answers this question, we have to look at Managers behaviors, however Managers behaviors varies depending on shareholders influential abilities. Managers behaviors defined the importance of Corporate governance in companies due to the critical position they occupy in the value creation process (Caby and Hirigoyen,2001) and also due to the detachment of ownership and decision making functions. Managers as shareholders agent have as their key objective to manage the business at shareholders best interest(Ross,1973 and Jensen and meckling,1976) but however both the manager and firms owners has varied utility functions and each tries to maximize its utility function(Ross,1973).Agency conflicts or problems can then result from managers opportunistic behaviors .For instances, managers are much motivated in seeking compa nys growth because their salary depends on it .(Baker ,Jensen and Murphy,19958),Also there is the issue of diversification that managers are always interested on .Managers can have the will to diversify risk but it will contradict shareholders interest (Aminud, and Lev,1981).Managers occupy a pivotal position in a company as they represent shareholders and act as the employees superior authority their arbitrations are difficult(Arcinles,1995).Corporate governance role is then to aligned managers attitudes near shareholders and stakeholder wealth maximization criteria. However , the extend to which corporate governance is importance is determined by the power exerted by shareholders and board of directors operations. shareholders having greater shares; This role of firms owner with larger shares is been justified by schileifer and Vishny,(1986)as a guarantee of managers discipline when there is capital dispersion, to supervise managers activities is then difficult and very costly to a shareholder taking it individually. Therefore to obtain optimal monitoring which is profitable to all shareholders, only shareholders with greater shares are allowed to incurred monitoring expenses .It is in this light that Jensen (1993) mentioned the nation of Active shareholders -Financial monitoring plays a role in situations where a company like joint stock company is been controlled by a group of persons whom because of their share capital contribution or as a result of foreign ownership representative can significantly influence the companys management. -The importance of family monitoring.(Allouche and Amann,2000) regard family shareholding as source of active shareholding .For instance, in Cameroon ,family shareholding have unequal economic roles and they tend to represent the main proportion of the country economic fabric .Factors such as confidence and family ties can explain their outstanding performance (Bourdieu,2002) Chapter 5; Research Methodology 5.1 Introduction Research method deals with the style in which datas are collected, analyze and interpreted to achieve the study objectives. This chapter will treat the design and method used to address the study questions as it was mentioned in chapter 1.This research made used of questionnaires survey and interview survey . 5.2 The questionnaire survey Questionnaires is the widely used method in social science fields ((Easterby-Smith et al, 2001; 2008). This is a method in which all participants are asked almost the same questions in the same situation (Easterby-Smith et al., 2001; Li et al., 2000;Merriam, 1988; Payne, 1980). In this study, a questionnaire was developed from a review of related conceptual, theoretical and pre-tested with a sample of auditing practioners. The questionnaires which is made up of 58 questions in total (see appendix 2) directly addresses the study objectives. This questionnaires centers on the audit committees operations, composition, financial skill, independence, self-evaluation, relationships, major achievements and outstanding challenges facing audit committee .A majority of these questions are Yes or NO question type and in the others, the respondents were expected to rate the committee achievements with a score of 4(to a greater extend ) to a score of 1(not at all). The researcher circulated the questionnaires to all targeted respondents which included ; audit committee chairpersons, company secretaries and the finance heads of the 3 listed companies in DSX with audit committee in place. This gave a total of 9 questionnaires ( 3 audit committee chairpersons, 3 company Secretaries and 3 finance heads) which was sent to these three sample groups. In regard to external auditors, this research included only auditing firms that carry out the statutory audit of companies listed in the DSX in the most recent 2 years. It is well noted that the DSX have enforce certain qualification for audit firms that can carry out statutory audit of the listed companies. One major qualification is that, the audit Firm has to be a partnership or joint venture entity, nonetheless a majority of the audit firms in Cameroon are owned by sole proprietors .In Cameroon, there are over 30 registered audit firms but only 6 audit firms are qualified to carry out the external aud iting for listed companies in DSX in the last 2 years .this survey involved all the 16 partners of the 6 qualified firms, therefore making a general total sample of 25 that received the questionnaires. Table 1. The sample Questionnaire survey analysis Group sample Sample size percentage AC chairpersons 3 12% Finance heads 3 12% Company secretaries 3 12% External auditors 16 64% Grand total 25 100% 5.3 Administration of the questionnaire survey The researcher mailed the questionnaires to the participants on the 12th December 2012 . The Mail package comprised a set of questionnaires, a motivating letter , a free post envelope and the researcher return address. The motivating letter is supportive in gaining higher response rate, this is because the motivating letter clarifies the participants on the purpose and importance of the study. In this motivating letter (see appendix 1), the researcher highlights the nature and importance of the survey, inviting to complete the questionnaire, guaranteeing the confidentiality of the participants responses. To enhance higher response rate by the respondents, the researcher exerted maximum efforts to monitor the survey through e-mails and telephone calls. 5.4 Response of the questionnaire survey The researcher mailed a total of 25questionaires out of which he received the response of 23 participants. 6 participants were considered disable in the survey. The details of this is given in the table below. Table 2, response analysis Description Mail sent Received Response rate unable AC chairpersons 3 3 100% 0 Finance heads 3 3 100% 0 Company secretaries 3 3 100% 0 External auditors 16 10 62.5% 6 Total 25 19 76% 6 The table shows that an overall response rate of 76% was conceived (19 out of 25).All the AC chairpersons, the finance heads and the company secretaries of the 3 listed companies in DSX (SEMC,SOCAPALM, and SAFACAM) responded to the questionnaires each having a response rate of 100%.However, the External auditor had a response rate of 62.5%( 10 out of 16).6 of the external auditors never responded to the questionnaires due to geographical dispersal and busy work schedules . SPSS was used in analyzing the datas , the researcher made use of frequencies to assemble raw data to facilitate interpretation, the average was used to rank the scares. However, the researcher did not conduct any statistical analysis since with 19 useable respondents, the subgrouping will be very minute for a significant statistics. Nonetheless, with the fact that 5 of the respondents declared their willingness to further participate in this study and the high questionnaire response rate of 76%; the research findings are still going to be meaningful. 5.5 Interview Survey The primary aim for the researcher to carry out an interview survey in this research is to permit participants to develop further their opinions because the closed questions of the questionnaire sealed participants into arbitrarily limited alternatives (Foddy, 1999). The researcher made used of semi structured interview method in conducting the interview. This method eases the researcher control over the time, content and the arrangement of the interview. Furthermore, this method permitted the interviewer to pose penetrating questions that gave a deeper understanding of the research issue. Consequently, semi-structured interview was carried out to confirm the outcomes of the questionnaire survey and to get a deeper understanding of the findings. 5.6 Administration of Interview survey The 5 respondents from the questionnaire survey who indicated their willingness for further participation in this study were the participants for the interview. This group of interviewees were made up of 2 AC chairpersons , 2 external auditors and 1 finance head. The researcher contacted the interviewees firstly through telephone to book for appointment. The interviewees were later e-mailed the interview agenda(see appendix 3) to enable them know beforehand what will be deliberated and also to confirm the appointments(date and time) The Interviews were conducted on working days through telephone, at the start of each interview, the researcher presented himself, explained the purpose for the study and guaranteed the interviewee the confidentiality of their responses. Each interview lasted for at most 30 minutes. 2 of the participants were interviewed on the same day and the rest of the 3 participants were interviewed on 3 separate days ( all on working days and in the same week).The discussion questions were centered on the participants backgrounds, the attributes of AC (composition, size, qualification, experience),the roles of AC to ensure good corporate governance ,some of the achievements and limitations. The interview ended with words of appreciations from the researcher. All the 5 respondents who opted for the interview made them self-available and their responses supplemented the questionnaire response to give a deeper understanding of the research issue. The high response rate of the questionnaire survey and the interview will make the research findings and discussion very meaningful. Chapter 6; Finding and Discussions 6.1 Introduction This chapter is to discuss the findings of the surveys. The researcher is going to present the findings in 3 main subjects of the survey namely; audit committee operations, relationships and major achievements/challenges. However, it is very necessary to talk about the background of the respondents that participated in this survey. The details are given in the table below. Table 3. Educational qualification of respondents Degree AC chairperson Finance heads secretaries External auditors Total N ° rate N ° rate N ° rate N ° rate N ° rate Bachelor 0 0 1 33.3% 2 66.7% 0 0 3 16% masters 1 33.3% 1 33.3% 1 33.3% 3 30% 6 32% Doctorate 2 66.7% 1 33.4% 0 0 7 70% 10 52% Other 0 0 0 0 0 0 0 0 0 0 Total 3 100% 3 100% 3 100% 10 100% 19 100% The above table reveals that, out of a sample of 3 for AC chairpersons, 2 chairperson have obtained a doctorate degree as their highest educational qualification(66.7%) and 1 with masters degree(33.3%).In the sample of finance heads,1 had a bachelor degree,1 masters degree and 1 a doctorate degree giving a 33.31% to each degree. In the part of the company secretaries,2 obtained a bachelor degree(66.7%) and 1 a masters degree(33.3%).Lastly for external auditors, out of 10 who responded to the survey(6 where considered unable),3 holds a masters degree(30%) and 7 a doctorate degree(70%).In total, out of 19 respondents who participated in the survey, 3 are holders of bachelor degree(16%),6 holds masters degree(32%) and 10 doctorate degree holders(52%).All the 4 groups of respondent have qualifications and experience in fields related to accounting, finance, economics, marketing and management 6.2 The Operations of AC It has been revealed that all the respondents have established audit committee charters, though only 60% of the charters are updated yearly whereas the 40% specified that their charters are been updated as needs arises. This complies with the literature which says that firms should established a tailor made charter, however this is contradictory with the commendation of yearly updates of charters (Hoi et al ,2007: Rezaee et al, 2003).we can base this on the limited human resource capacities in less developed countries (Mensah, 2002). AC has as their main duty to oversee the companys financial reporting scheme. The AC must have th

Book Club Novel Study vs. Conventional Core Novel Study

Book Club Novel Study vs. Conventional Core Novel Study Although the Book Club approach and the conventional novel study approach are group discussion oriented, the Book Club method is a more efficient way of extracting thorough analysis from multiple perspectives. In the Book Club approach, students are forced to read because we are constantly being evaluated. During discussions, the teacher is always walking around evaluating groups.My group especially was always prepared because of the fear of not getting a good mark due to being unprepared. The fact that we are constantly being evaluated develops pressure on the students, which forces them to prepare for the discussion the night before. Preparing the night before allows for a more in depth analysis. If everyone is prepared with notes and questions the discussion will be much more interesting because everyone brings something to the table.Which in essence allows a much more effective and efficient discussion. However, with the con ventional approach you have majority of the classroom not participating and not being involved in the discussions. In last year’s English class, there were a set number of students who were always participated and then the majority of the class not effectively participating. Because the traditional method is a more broad discussion and there aren’t specific roles for students to carry out students are not pressured to be prepared.I can use myself as an example, last year there would be times I wouldn't read the sections assigned and because of this I found myself not participating and engaging in class discussions. The Book Club approach consists of continuous evaluation and a certain set of tasks like discussion leading that force students to consistently engage in discussions. The evaluation creates pressure, causing students to be prepared and contribute during scheduled conferences. On the other hand, the traditional method of novel study is not as effective.The st udents are not pressured because they feel as if they are not being evaluated on a regular basis. So students take advantage of this and feel their input is not necessary and rest of the class will carry their weight. To conclude, both approaches involve students participating and engaging in a group discussion but the Book Club approach has a higher efficiency in terms of each students input during discussions in comparison to the conventional core study.