Corporate governance in the uk Coursework Example | Topics and Well Written Essays - 2000 words

Corporate governance in the uk - Coursework Example Economists have pointed out that banking sector failure in the UK was triggered by a chain of actions; for example, corporate governance malpractices like above average remuneration package for directors, lack of shareholders’ engagement, increase in transient ownership, absence of risk measurement mechanisms and misrepresentation of financial performance of the firm have contributed significantly to sub-prime mortgage crisis in the USA which was followed by a global financial crisis in 2008. The global financial crisis caused systematic risks for the UK banks which were linked with the USA and other global financial market. Northern Rock bank was the first victim of banking crisis in the UK, overreliance on wholesale funding and lack of regulatory control were the reasons behind the failure of Northern Rock bank. Industry analysts have pointed out that, the UK banking sector crisis was triggered by four types of corporate governance failures, such as inefficient risk management, above average remuneration for top level executives, lack of shareholder engagement and lack of board qualification. Next section will discuss the contribution of these four issues to the financial crisis in the UK. Managing risk is an essential part of corporate governance policy of banks in the UK. Investors and shareholders decide on the investment strategy on the basis of the level of risk associated with a particular investment decision. Research scholars have proposed recommendations, in the form of Cadbury report, Greenbury report and Turnbul report, in order to address the risk management issues related to corporate governance policy of companies in the UK. Combined code and Basel II agreements were the guiding criteria for banks to formulate risk management strategies but these guidelines were not sufficient for them to avoid financial crisis which resulted from sovereign debt crisis. Although

Explication Essay - comparing two poems of similar theme

Explication - comparing two poems of similar theme - Essay Example While this seems as a leveling of love with the other material needs of life, what Millay seeks to do is to place love at a higher level than these needs, without denigrating the importance of these basic needs of human beings who are unable to resist â€Å"wants past resolution’s power† (Millay, 730). In the sestet, she makes this clear by stating the indispensable nature of love by stating the fact that unlike other needs of human beings, love is still not a commodity that the narrator of the poem can trade in the marketplace. The narrator ends the poem by stating that she may do so, but would rather not, thereby placing the tension between the two sparring needs of human beings. made in the name of love. In the first seven couplets of the poem, the poet, in images that are overtly sexual, describes the narrator’s love for a woman that is absent in the poem, but can be called a silent presence. Throughout these verses, the poet’s ideas about love are disturbing, since many of them include the incarceration of the lover. The urge to lock the lover in a â€Å"cell under lock and key† in particular, reveals the intentions of an obsessive lover (Brodsky, 734). Brodsky also reveals the intense sexual energy that the narrator of the poem has, pent up in himself, when he talks of the â€Å"lava relentlessly erupting† from his â€Å"hidden source† (ibid). The last lines of the poem, however, reveal the real intent of the poet in writing this poem. It talks of the narrator’s compulsion to accept the position that he does, in the life of his lover, so as to circumvent the restrictions that the society imposes on love and its m anifestations. The primeval nature of love and the sexual urges that are associated with non-platonic love are what the poet seeks to showcase through this poem. The restrictions that the church and institutions of marriage impose