Essay on U.S. and China Relations - 1123 Words

The relations between the United States and China have grown dramatically since Nixons visit in 1972. Nixons visit got the Chinese and the US back as friends, instead of being against each other because of their government differences. This relationship has been very shaky ever since the nations have been dealing with each other. First, they were on good terms in the late seventeen hundreds. They traded with each other quite often, and American businessmen went over to start businesses in China, which helped out the economy a lot. When the Gold Rush started, there was a really bad disease that had gone all over southeast China. This made many Chinese leave in hopes of striking gold and becoming rich in America, although†¦show more content†¦Through the next ten to twenty years, up until the early seventies, the Chinese and United States regarded one another with suspicion, fear, and hostility. Relations between the U.S. and China were hostile, until the 1970s when Nixon visited China. He wanted to get the United States and China back on good terms. He went over for a little visit with Mao Zedong, the leader of the Communist party, in 1972. Nixon thought he could help China become less Communistic by becoming their friends instead of staying their enemies. Plus, it was time for a change. Ever since then, the two nations have kept up good diplomatic relations, which was much easier when the United States chose to recognize the People Republic of China as a government.(source # 1) As relations improved, China allowed more businessmen and companies in and trading changed between the two dramatically. Since 1979 Chinas economy has grown at an average annual rate of more than 9 percent and has the potential to become the worlds largest economy during the 21st century.(source # 2) China is even expected to have the largest economy in the world very soon. (source # 3) Leaders that have come into power after Zedong have made some changes and actually have some, but not many, privateShow MoreRelatedU.s. China Relations With China1217 Words   |  5 PagesU.S. China Relations Diplomatic relations with China began over 30 years ago. Initially, the relationship created economic wealth for both countries but today, economically China is rising at a faster pace. China is investing its revenue in their military. China has spent as much a $240 billion on military related goods and services. (DIA Annual Threat Assessment, 2014) While the U.S. desires for the PLA to be used maintain peace and stability in the region; subliminally China has stated itsRead MoreChina-U.S. Bilateral Relations1639 Words   |  7 PagesCHINA-U.S BILATERAL RELATION Background: Relation between the Peoples Republic of China and the United States have generally been stable with some period of tension, especially after the breakup of the Soviet Union which removed the common enemy and ushered in a world characterized by American dominance. There are also concerns which relate to Human Rights in the PRC and the political status of Taiwan. While there are some irritants in China-U.S relation, there are also many stabilizing factorsRead MoreU.s. Trade Relations With China Trade Patterns2005 Words   |  9 Pages2. US-China trade patterns Evolution of US trade relations with China. China has been transforming into a rapidly growing economy ever since the trade reforms began in 1979 and upon its further entry into the World Trade Organization (WTO) on December 11, 2001 as the 143rd member, China’s trade liberalization and global trade commitments made at that time augmented the expansion in U.S.-China marketable ties (Morrison, 2015). The most significant clause of this WTO enterprise that proved to be beneficialRead MoreChina Is A Player At The Table1579 Words   |  7 Pagesthe 21st century, U.S.-China relations have been shaped by the perception and acknowledgment that â€Å"China is a player at the table†. As a result, many have turned to international relation theories to predict whether China’s rise will peaceful or conflicted. Most understand that international relations are a â€Å"combination of forces and factors that are regarded as being diametrically opposed to one another†(Friedberg 2005 p11). However, in the unique cas e of U.S.-China relations, there is not onlyRead MoreU.S. Foreign Policy Toward Taiwan Essay1232 Words   |  5 PagesTaiwan, also known as the Republic of China, faces several elements implicated by the U.S. foreign policy. The first element of American foreign policy is that the United States only recognizes one China. Whether it’s the China to the left of the Strait or the Taiwan to the right, it is up to both sides. The second element of American foreign policy is that Washington encourages dialogue between the two sides but will not apply pressure to either side (U.S. FOREIGN POLICY TOWARD TAIWAN, 2001).Read MoreChina Between The Republic Of China1661 Words   |  7 PagesAfter The Chinese Civil War ended in 1950, a separation of ‘‘old’’ China between the Republic of China (ROC, commonly known as â€Å"Taiwan†) and the People’s Republic of China (PRC, commonly known as â€Å"China†) created legal and political dilemmas (Hs ieh, 2016). They both declare the island of Taiwan is an integral part of their territories. Until the 1990s, Taiwan was able to conquer her diplomatic isolation by expanding the international trade and investment flows to all of her business partners regardlessRead MoreEconomic Relations Between China And China869 Words   |  4 Pagesthe other such as the instance of China. Although China stands as one of the biggest communist countries, statistics have shown that â€Å"China is 175.6% dependent on the U.S.† (Chang). Although both divergent from the other, the United States’ bilateral relationship with China is essential and necessary for their success and diplomacy. Through an economic standpoint, â€Å"the U.S. approach to its economic relations with China has two main elements: integrating China into the global, rules-based economicRead MoreChina-Taiwan Relations 788 Words   |  3 PagesTaiwan and China Mainland share the same culture, language and tradition. From this perspective, the Taiwan question is the domestic affair of China. But, because of some historical reasons, the U.S. has involved into the question. As well as, the Taiwan question has been very sensitive question in China-U.S. relations, and it is influenced by the global political structure and regional political structure in the Far East. The U.S. would not like to give up its concerns and interest in Taiwan, theRead MoreTrade Patterns Of Usa And China944 Words   |  4 Pagesfollowing paper coherently illustrates the trade patterns of USA and China and describes the various trade policies developed over the past years that have impacted the respective economies of both countries alongside the effect of the same on the bilateral trade relations between the two. Based upon the previous statistics, US-China trade is considerably one of the largest trading partners in today’s economies. Both countries’ trade relations entail exchange of investment, services as well as goods varyingRead MoreAn Explanation Of The Bushs Foreign Trade Policy1399 Words   |  6 Pagestrade agreement negotiations: the signing of the FTA with Jordan in September 2001 and its formal implementation in December of that year; the signing in 2003 of the United States-Chilean Freedom At the trade zone level, Bush emphasized in the 200 2 U.S. National Security Strategy that he must further strengthen free trade agreements with all kinds of developed and developing countries in all regions of the world. Easy agreement. Multilateral Policy, November 2001, Doha Round was officially launched

The Culture Of Chin Leadership And Management - 1573 Words

Leadership and Management The culture of China, in terms of management inside of a company is described as each person has a very clear role and that helps organization to keep things in order. Unlike Serbia and Montenegro where it has a culture of employees expecting employer to give them detailed directions and no questions are expected. Generally managers in China use autocratic leadership style. However they will not embarrass or punish employee publicly or in front of the colleagues. Another important factor is the hierarchy of Chinese culture. Even though the actual control is at the top of line management there may be informal interaction between staffs or managers and staffs (Kwintessential.co.uk, 2014). Looking at management†¦show more content†¦Chinese culture is more people oriented where role and responsibilities are not stated clearly and when the problems are faced they seek for teamwork approach no matter which role they are assigned to. Consequently, each individual can engage themselves in a plethora of ventures in contest of their time and resources (Busch et al., 2013). Relationships are vital in China and looking after your network of relationships is viewed as road to success. For example during the work time people view their coworkers also as friends. If one of them were in trouble they would help them. The goals of a team are very vital and if the team succeeds everyone get compensated for the success. If the team fails it would be difficult to blame someone for not performing the task well. Even though teamwork is motivating and it builds better relationship between employees as well as trust it can result in resource waste and lack of accountability in the end results (Connecteast.net, 2014). http://geert-hofstede.com/china.html According to Hofstede China is collectivist in nature, which means they work hard for the result of group achievement. They do not look so much on individual achievement but stress the group effort. Teamwork is held in high esteem in China, and is therefore interwoven into the very existence of the people. The philosophy that they adhere is that the group is more important than any individual (Connecteast.net, 2014). Power distance is high in China dueShow MoreRelatedDQs: Gender and Leadership Diversity1058 Words   |  4 PagesFor your initial post to this discussion, read the articles dealing with gender and leadership diversity and respond to the following questions. In what ways do these institutional barriers intersect with leader behavior and identity? Is it enough for women leaders to develop effective behavior and styles to become more effective leaders? Eagly Chin (2010) note that the barriers described intersect with leader behavior and identity in that leaders who are members of these groups are often expectedRead MoreGlobal Leadership in International Assignments1418 Words   |  6 Pagesappropriate learning orientation, and leadership and cultural identities. Global Leadership in International Assignments: In most cases, international assignments tend to involve dealing with a multi-cultural team or workforce in order to achieve the established goals. However, exercising global leadership over the multi-cultural workforce requires wide-ranging cultural knowledge for prudent judgments and decision-making (Canals, 2012, p.200). Generally, global leadership entails a wide range of skillsRead MoreEmotional Intelligence Training For Increased Success1351 Words   |  6 Pagesand understand ones emotions, and use this information to shape behavior and act based on knowing ones emotions but not because of the emotion itself (Chin Tee Suan, Anantharaman, Tong Yoon Kin, 2015). This clear understanding of self, and how ones moods and emotions may impact decision making, and being mindful in ones actions is a key leadership skill (Ehlich, 2015). Emotional intelligence skills may be the key to organizational success. Emotional intelligence attributes manifest themselvesRead MoreNurses Usage Of Clinical Decision Support Systems992 Words   |  4 Pages(allergic reaction warnings), reminders (antibiotic order renewal), clinical guideline recommendations, diagnostics support, surveillance (tracking H1N1), disease prevention (yearly mammography), disease management (monitoring A1c in patients with type 2 diabetes mellitus), prescription and medication management (anticoagulant dosage titrations)† (Piscotty Kalisch, 2014, p.2). Some of theses systems apply evidence-based recommendations at the point of care, which may bring the gap between practice and evidenceRead MoreHealthcare Smart Goals1309 Words   |  5 Pagesapply the principles of effective organization involving use of information, focus on patient care giving, and design clinical care giving in an organizational chart to achieve organizational planning and evaluation as all levels. Leadership Development Goal The leadership development goal is to assist and direct personal efforts towards professional development in healthcare. To achieve this, this goal requires the use of mentorship programs and mentors to guide in increasing morale to work, achievingRead MoreExamples Of Executive Leadership835 Words   |  4 Pagesboth businesses and not for profit organizations in acquiring senior level executive leadership. Organizations have specific needs when searching for leadership and we will advise and consult with our clients to assist in locating and recruiting top national and international organizational talent. Our mission is to partner with organizations in their search to increase diversity within their executive leadership. By listening and understanding our partners needs we will be able to tailor fit potentialRead MoreAssessment: Googles Business Strategies and Competitive Advantages1703 Words   |  7 Pagescreated and continues to deliver exceptional customer experiences globa lly using a differentiation strategy that combines their broad market scope and uniqueness and competency (Lee, Kim, Noh, Lee, 2010). Google also has chosen to pursue a cost leadership position in the areas of low cost competency and broad market scope in their broader consumer and business applications including Google Drive, Google Calendar, G-Mail and many applications in entertainment incouding Media, Books, YouTube, whichRead MoreThe Change Is A Fundamental Element Of Its Success1077 Words   |  5 Pagesthe feelings displayed by those around them. Therefore never before has the concept of leadership been so pivotal within the NHS (The King’s Fund, 2012). Healthcare organisations have indeed always advocated strong leaders, but the focus now has reached a higher level. To influence the groups/stakeholders, a leader needs abilities to see stakeholders as ‘active learners’ rather than waiting for reactions (Chin Benne, cited in Parkin, 2009). Clearly defining the team goals with a clear vision hasRead MorePersonal And Professional Development : Leadership And Diversity1927 Words   |  8 Pages LEADERSHIP AND DIVERSITY REPORT Topic: Word Count: words Pages: Referencing Style: Harvard Style Date: 9th January 2015 Signature: Angelika Wtorek Carla Ferrer Reyes Rachel Lawrie Maha Alghareeb Farhanna Fatima Glasgow Caledonian University MSc IBM - MSc Management Introduce Diversity Diversity topic dominates in national culture andRead MoreAssignment Questions On Health Care Sector1614 Words   |  7 Pages Diploma in Health Services Management Term: 2 DHCS 201: Managing Enterprise in the Health Care Sector Assessment: 1 (Individual essay) Submitted to: Aleksandra Gosteva Submitted by: Binu Thomas (cib00002mj) ASSESSMENT: 1 MANAGING ENTERPRISE IN THE HEALTH CARE SECTOR a)What does entrepreneurship provide to both private and public health sector as an agent of change? Illustrate your points with suitable examples. A real entrepreneur

Performance Enhancing Drugs in Sports - 527 Words

The use of performance-enhancing steroids in sports is forming a problem. The sports that they play end up being cheated by these frauds. This is a disgusting epidemic. For example, â€Å"The National Institute on Drug Abuse (NIDA) recently estimated that over half of a million 8th through 10th grade students are abusing AAS, and that many high school seniors do not believe their use constitutes a health risk† (steroidabuse.com). The problem exists in professional sports and below. Steroid use in sports is becoming more common and is dangerous to the games that it cheats. Primarily, steroids are a kind of medical aid that have turned into a problem in professional sports. â€Å"In the professional ranks these drugs are often abused in order to gain a competitive edge on other athletes, and to help recover more quickly from training sessions and injury† (steroidabuse.com). These add muscle and, as an example for baseball players, assist in hitting the long ball. Performance-enhancing steroids are used normally by men at the middle age and younger. To elaborate, â€Å"Males between the ages of 19 and 40 are the most common abusers of AAS† (steroidabuse.com). This age of adults are the common users because from the age of 19 to 40, they are still able to compete at their best. To add, â€Å"In another study NIDA found that 1,084,000 Americans, or 0.5% of the adult population, admitted to using AAS† (steroidabuse.com). This use has quickly increased in the last couple decades especially.Show MoreRelatedPerformance-Enhancing Drugs in Sports1078 Words   |  4 Pagesï » ¿Performance-enhancing drugs in sports: A literature review A number of prominent athletes have recently experienced a fall from grace, because of the revelation that they used performance-enhancing drugs. Perhaps the most famous example of this phenomenon is Lance Armstrong. In an advertisement for Nike that his former sponsor now no doubt regrets, Armstrong is shown asking the viewer what am I on? Im on my bike, busting my ass six hours a day. Professional cycling is often cited as one ofRead MorePerformance Enhancing Drugs For Sports1227 Words   |  5 PagesPerformance Enhancing Drugs Sport records are becoming harder   to break and seeing records are starting to become a thing of the past.. Players aren’t being able to hit these home runs or score long touchdown’s. Injured   players are getting kicked off the team or even quit because they can’t get to their peak performance that they were at before they got injured.   If more players were to use performance enhancing drugs they would be able to compete to the performance of past players. A performanceRead MorePerformance Enhancing Drugs For Sports Essay1514 Words   |  7 PagesPerformance-Enhancing Drugs in Sports A tremendously large problem in sports is whether or not athletes should be able to use performance enhancing drugs. To most people, it doesn t make any sense for athletes to be using them. They have to know what affect it has on their body not only physically, but also mentally. Around the early 2000’s is when all this starting coming up and it has made a dramatic impact on the sports world. The few people who want performance-enhancing drugs in sports don’tRead MorePerformance Enhancing Drugs in Sports1686 Words   |  7 PagesPerformance Enhancing Drugs in Sports Athletes use performance enhancing drugs to boost their game. The professionals who use these drugs are ruining the integrity of the game. Many people don’t understand why professional athletes would go to such extreme measures to be better when they have already proven themselves. Athletes are just taking away from their natural ability by using these dangerous drugs. The risk of using performance enhancing drugs is a lot greater than the reward, because anRead MorePerformance Enhancing Drugs in Sports1207 Words   |  5 PagesThe growth and use of performance enhancing drugs makes them no longer a taboo subject among professional athletes, and is starting to become in fact rampant among athletes. There appears to be no end in sight when leagues like the NFL and NCAA have weak testing programs. Traditional locker rooms in the NFL have a few steroid users and have many HGH abusers due to the NFL’s weak testing programs. HGH has become a rampant issue for the NFL, because it allows the average NFL player to gain an edgeRead MorePerformance Of Sports And Performance Enhancing Drugs2051 Words   |  9 PagesPerformance Enhancers in Elite Sports Performance enhancing drugs are as old as sports themselves. Even the ancient athlete that competed in some of the first Olympic Games were know to use substances to boost their performance. It is on record that â€Å"Olympian Thomas Hicks won the marathon after receiving an injection of strychnine during the race in the third Olympiad†. (Savulescu, 1) It wasn’t until the 70’s that athletes began being tested for performance enhancing drugs and they became bannedRead MorePerformance Enhancing Drugs For Professional Sports1703 Words   |  7 Pagesthe use of performance enhancing drugs. The debate on whether or not performance enhancing substances should be allowed in professional sports has been going on for years, decades even. Many believe that using steroids and other performance enhancers should automatically disqualify an athlete from ever being able to be a member of the Hall of Fame, in sports in general, not just in Major League Baseball. However, there is an argument to be made to make the use of performance enhancing drugs legal inRead More Performance-Enhancing Drugs in Sports Essay1678 Words   |  7 PagesPerformance-Enhancing Drugs in Sports In all areas of sports, professional, college, and even high school, there is widespread illegal use of performance-enhancing drugs. Although there are many reasons for athletes to choose to use these drugs, the cost of such use, both to the athlete and to society can be extraordinarily high. It is important to understand why performance-enhancing drugs are used and what are the consequences of their use to the athlete and society. One of theRead MoreSports and Performance Enhancing Drugs Essay1221 Words   |  5 PagesPerformance enhancing drugs in todays pro sports have become a big deal, because of health stimulants and the benefits that such studies have on good development of the person and on fair athletic games. Pediatricians or trainers can play a huge role in helping the athlete or player that is using or taking performance enhancing drugs. By taking factual info about the true benefits and medical problems of these drugs and giving information about healthy food and working out. Tries to create a changeRead MorePerformance Enhancing Drugs Sports Today1476 Words   |  6 PagesResearch, period 3 December 15, 2013 Performance Enhancing Drugs In Sports Today Performance enhancing drugs, or steroids, have long been in the lifestyle of athletes. Many famous athletes like Barry Bonds, Alex Rodriguez, Marion Jones and Lance Armstrong have all confessed to the use of steroids. Celebrities like actor Charlie Sheen and ex Governor of California, Arnold Schwarzenegger, have also admitted to using steroids in the past. Performance enhancing drugs are a dangerous form of medicine

Is It More Important For Academic Achievement Than Being A...

Nothing is more important to academic achievement than being a good reader. Participation, motivation, and interest in independent reading are low. Reading is an important part of everyday life and is imperative to students’ success in school. Children today are constantly surrounded by technology, and their reading experience can be extended by using technology. While it may be more fascinating for us as adults, children are living in the digital age where they think technology is a part of their everyday life. There are iPods, computers, iPads, E-books, Leapfrog products, software, blogs; the list is endless. One of the ways to provide potential literacy in classrooms in through interactive digital books. An added advantage of digital†¦show more content†¦Students that are experiencing frustration in reading cannot be expected by the teacher to enjoy and practice reading as much as a student who enjoys reading. Students that have significant reading difficulties in the lower grades continue to struggle as they proceed through the upper grades. Reading disorders affect a student’s ability to read and to learn in the different subjects. For example, good readers tend to be more successful in subject areas such as science and math. It is imperative for students to learn the reading skills they need to be successful in school a nd in life (Melekoglu, 2011). There are two occurring types of reading disorders. The causes, as well as the treatments of these reading disorders, are diverse. Dyslexia is when a student has difficulty decoding words and understanding the relationship between spelling patterns and the pronunciation of words (Snowling Hulme, 2012). Students with dyslexia read slowly and with error. Also, dyslexia can affect a student’s spelling and writing ability. Deficits in phonological coding and impairments in verbal short-term memory are also seen with dyslexia. This decoding is the basis of learning to read. The other major impairment is in reading comprehension. Students with an impairment in reading comprehension often can read fluently without difficulty, however are unable to understand what they have read. Reading comprehension involves accessing meanings of words and higher order thinking. Making

Buddhism in Japan from Prehistoric to Kamakura Period Free Essays

Buddhism in Japan might have been brought by early merchants traveling the Silk Road from India, to China, to Korea and to Japan. Because of the constant interaction between these countries, many Buddhist teachings and practices, particularly the Mahayana Buddhism, together with some Chinese cultural traditions became integrated with Japan’s own cultural development. At first, conflicts with Shinto belief caused delay in the spread of the Buddhist religion. We will write a custom essay sample on Buddhism in Japan from Prehistoric to Kamakura Period or any similar topic only for you Order Now Ancient Japanese people regarded Buddha as one of the kamis yet many were attracted to the beauty of its arts and the promises of concrete benefits such as â€Å"wealth and longevity†. As time went on, more and more people recognized that Buddhism has its own belief that was thought to be complementary with the existing Shinto religion, Japan’s native religion. During the Nara period, some Buddhist monasteries built around the capital Nara gained political influence in the ruling government. Because of this ambitious and militant movement of monasteries, the government was forced to move the capital from Nara to Nagaoka (784AD) and then to Kyoto (794AD). This issue remained a problem for many centuries in the Japanese history. During the Heian Period (794-1185), many sects were grabbing popular attention over the Japanese population. These sects presented Buddhism in a way that best suited the ancient Japanese culture and tradition as seen from these three sects: Shingon sect (774-835AD) by Kukai; True Pure Land Sect (1173-1262) by Shinran; and, Lotus Hokke or Nichiren Sect (1222-1282) founded by Nichiren. The acceptance of Buddhism can be attributed from the works of these sects, which still have millions of followers as of today. In conclusion, Buddhism in Japan became popular since its core practices and teachings were complementary with Shinto religion as shown by popular Buddhist sects named above. References (â€Å"Buddhism in Japan†; , â€Å"Japanese Buddhism†, 2004; , â€Å"A View on Buddhism: History of Japanese Buddhism†) Buddhism in Japan. (n. d. ). Retrieved April 6, 2007, from http://afe. easia. columbia. edu/japan/japanworkbook/religion/jbuddhis. html Japanese Buddhism. (2004). Retrieved April 6, 2007, from http://www. japan-guide. com/e/e2055. html A View on Buddhism: History of Japanese Buddhism. (November 30, 2006). Retrieved April 6, 2007, from http://buddhism. kalachakranet. org/history_japanese_buddhism. html How to cite Buddhism in Japan from Prehistoric to Kamakura Period, Papers

Ramifications for Shareholder Class Actions †MyAssignmenthelp.com

Question: Discuss about the Ramifications for Shareholder Class Actions. Answer: Introduction: On 22 February 2018, Business News Australia published an article relating to GetSwift that has been served notice of class action from shareholders. The Logistics Software Company GetSwift has been facing a class action from shareholders. The company is alleged to have been engaged in deceptive and misleading conduct. Two other legal firms are considering launching a class action against the company. The law firm Squire Patton Boggs has applied to initiate action in the Federal Court against the company while law firm, Corrs Chambers Westgarth has claimed to initiate legal action against the company as well. The shareholders have been initiating class action against the company on grounds of continuous misleading and deceptive conduct and non-disclosures on part of the company. The firms have claimed to be seeking damages against the company on similar grounds. The company is alleged to have declared its deals with the Commonwealth Bank, the Fruitbox company, NA Williams and Fantastic Furniture, which were either subjectd to review, or cancelled subsequent to such announcements. The exaggerated announcement led the investors believe that GetSwift has become financially stable and has began to create revenue from significant clients like Fruitbox company, NA Williams. However, when it was disclosed that the contracts did not survive the trial period, the market capitalization declined to less than half the amount, causing violation of its market obligations. The company had been subjected to trading halt since 22 January and has requested to release its suspension. It has been reported that apart from its non-disclosure about the deals or contracts, the company released revenue forecasts from a deal it declared with Commonwealth Bank of Australia, in advance. The company was hit by more than fifty percent on Monday after it resumed its operations post the trading halt that resulted from the ASX enquiries on the breach of its continuous disclosure obligations several times. However, GetSwift which is run by Bane Hunter, the Executive Chairperson and former AFL player and entrepreneur Joel McDonald stated that the investigation carried out by ASX has found that the company has not breached its continuous disclosure obligations and that the company has been working with PricewaterhouseCoopers (PwC) to review the compliance procedures of the company. The company has further been subjected to ASX query due to its delay in submission of notice pertaining to the change in the interest of the director while the corporate giant faces trading halt to resolve issues regarding its compliance and disclosure obligations with listing rules. In the contemporary era, the business organizations are required to maintain good corporate governance framework to ensure that the business operations are being carried out in the best interests of the company, shareholders and its stakeholders including the community. In Australia, the ASX Corporate Governance Council Principles and Recommendations stipulates that a good corporate governance stimulates the confidence of the investors that is fundamental to the ability of the corporate entities that are listed on the ASX to compete for capital (ArAs 2016). The issue that has been raised in the article is about the failure of the organization to make disclosure of material information about the company, which misled as well as deceived the investors, resulting in a trading halt of the company. Such corporate governance failure has not only resulted in financial and reputational loss but has reduced the confidence and trust of the investors from the company as well. Theories of Corporate Governance Corporate governance describes the relationship between the board, stakeholders and shareholders of a company. It provides the structural framework that enables the company to achieve its set objectives and goals while it controls and direct the companies to achieve such objectives. The ASX Principles and Recommendations stipulate certain corporate governance principles and recommendations that enable the companies to meet the expectations and needs of the investors. However, since several corporations may adopt different principles, the principles and recommendations are not obligatory to the corporation (Cassell, Myers and Seidel 2015). Nevertheless, if a listed entity fails to adopt the principles, it is mandatory that such organizations provide a valid reason for not adopting the governance principles. The theoretical perspectives explain the significance of corporate governance and the challenges that arises from such theories. The most common theories include stewardship theories, resource-dependence theories, stakeholder theories and agency theories. The agency theory states that the role of principal/shareholders and the executives/agents employed to manage the business operations is often characterized by frequent conflicts. The principle is based on the presumption that since the agents manage the company on behalf of the principals, the principals often are subjected to loss of agency signifying low return on investment (Tricker and Tricker 2015). For example, a principal will always strive to hire employees to perform several tasks at low cost but sell them at higher prices whereas the employees attempt to obtain more money to carry out such task/activities. According to the Resource-Dependence theory, the resources that the board provide to the executives purports to enable them achieve the organizational goals. Although the Board intervenes into the matter dealt by the executives, it also provides financial, human and intangible supports to the executives as well. The issues associated with this governance theory arise when the Board does not approve for the decisions that are taken by the executives. The stakeholder theory states that the corporation has responsibility towards the customers, suppliers, communities and client. The theory requires the business operations of any organization to be carried out ethically ensuring the stakeholders receive a fair return from their stake in the organization (Du Plessis, Hargovan and Harris 2018). The stakeholder theory necessitates the company to carry out its operations ethically, giving its corporate social responsibility more importance than its profit-making objective. The stewardship theory states that the management and the owners of the company have common organizational goals which can be achieved if the company board exercises less control and be more supportive, thus, encouraging executives to achieve higher performance. The issue that may arise from this theory is regarding the relationship and lack of cooperation between the owners and the management of the company (Sivathaasan 2016). The shareholders theory states that the interests of the shareholders are given much importance than the other stakeholders in any organizations (Shields et al. 2015). This theory may give rise to issues when there is reorganizing of business organizations as an outcome of enhancing the shareholder value, it may have an adverse impact on the employees in the form of change of jobs, loss of jobs as well as poor working conditions, etc. Since the shareholders exercise control over the internal structure of the company, they mainly emphasizes on the profitmaking objective of the company and in the enhancement of the wealth of the shareholders. Corporate governance issue raised in the article The corporate governance issue that has been raised in this article is related to misleading and deceiving the investors by failing to disclose material information on part of GenSwift. This issue is related to the issues that may arise in shareholder theory of corporate governance where the interest and welfare of the shareholder is considered fundamental in an organization. As it is mentioned earlier, that shareholder exercises control over the internal management of an organization and monitors its business operations and a corporation is obligated to make accurate and timely disclosure about its operations (Exchange 2014). Shareholders may bring legal actions directly against the company under the Federal law to address inaccurate or incomplete disclosures on the grounds of non-disclosure of material information. In this article, it is observed that GenSwift has been alleged to have declared its deals with the Commonwealth Bank, the Fruitbox company, NA Williams and Fantastic Furniture, which were either subjected to review, or cancelled subsequent to such announcements. Due to such announcement, the investors were misled as they believed that the company has become financially stable and has started to create revenue for such significant clients. Further, the company released revenue forecasts from a deal it declared with Commonwealth Bank of Australia, impulsively and in advance which further misled the investors about the financial stability of the organization (Shimeld, Williams and Shimeld 2017). Due to such corporate governance failure, the company trading has been put to halt, that resulted in significant financial loss. After revelation of the facts that the company had concealed, the shareholders initiated a class action against the company to seek damages for the non-compliance with the corporate governance and the disclosure obligations of the organization. Importance of issues to Public and Business According to the ASX Principles and Recommendations state that a listed entity is obligated to carry out its business transactions in an ethical manner and with due responsibility. An ethical business practice not only safeguards an organization from any legal implications, which helps the company to build up a reputation in the corporate world as well as in the society. In regards to the disclosure obligations of an organization, a listed entity is required to make balanced and timely disclosure of all the matters that is crucial to the company, stakeholders and its shareholders. An organization has obligations not to conceal any matter that any prudent person would consider to have an effect on the value or price of its securities (Issacharoff and Eagles 2015). In the given article, the company GetSwift revealed that it has been entering into deal with significant clients like Fruitbox company and Fantastic Furniture but it did not disclose the essential fact that those deals or contract were yet to be finalized. Further, even after the deals or contracts were cancelled, the company did not reveal that they were cancel, which misled the investors into believing that it had a stable financial situation. This can be termed as unethical business practice and non-disclosure of material facts essential to the company. Significance of ethical business practice and accurate disclosure to public Non-compliance with disclosure obligations implies lack of transparency, which not only affects the investors and shareholders but also affects the image of the company before the public (Day 2016). A business organization carrying out its operations ethically not only achieves its organizational goals but also achieves the trust of the investors and public. Today, public is aware of the business transactions being carried out by the organizations and cannot be fooled easily. The business transactions carried out by the organization ethically shall not only ensure interest of the business organization, but also consider the interests of the shareholders and the stakeholders including the community altogether. The lack of confidence and trust in the investors on the company is paramount for the company to retain its good image in the corporate world but its is equally important to maintain its goodwill in the eyes of the public. An organization is not only mandated to disclose matters that are considered by any prudent person to have a substantial impact on the price or value of the securities. As the very purpose of the Corporate Principles and Recommendations is to attain desirable results and meet the reasonable expectations of majority investors under several circumstances, it is important to maintain a relationship of trust between the investors and the organization and to make possible attempts to obtain the confidence of the investors in the company (Emmerig and Legg 2016). A company that has failed to gain confidence of the investors by deceptively misleading them into the belief that its financial condition has been stabilized, where, in reality, the company had not entered into any deals with significant clients, demonstrates the failure of the company to maintain a relationship of trust with its investors. Further, the company has been reluctant enough not to disclose material information like the two contracts with the its significant clients have been cancelled, to its shareholders and making advance announcement about revenue that it was not about to earn, are also indicators of the failure of the company to comply with corporate governance and its market obligations. Therefore, the class of action and legal actions to seek damages against the company is justified. Reference list ArAs, G., 2016.A handbook of corporate governance and social responsibility. CRC Press. Beekes, W., Brown, P. and Zhang, Q., 2015. Corporate governance and the informativeness of disclosures in Australia: A re?examination.Accounting Finance,55(4), pp.931-963. Beekes, W., Brown, P., Zhan, W. and Zhang, Q., 2016. Corporate governance, companies disclosure practices and market transparency: A cross country study.Journal of Business Finance Accounting,43(3-4), pp.263-297. 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