Corporate Goveranance Case Essay Example | Topics and Well Written Essays - 750 words

Corporate Goveranance Case - Essay Example Please note that the case study did not indicate the number of hours the employees of Tasty meals Ltd is being forced to work. It is incredelous to compare the conditions of employees of Tasty meals with that of the other countries. The economic condition is not the same between two countries the cost of living is likewise not the same. The wage commission of the Philippine Government have taken these factors into consideration in determining the minimum wage in the Philippines. As far as the wage is concerned Tasty meals Ltd is in compliance and in fact exceed the requirements of the government. Question 2: Tasty meals Ltd, CANNOT be held responsible for the problems caused by unhealthy junk foods and high-calorie if the company is complying with the minimum requirement prescribed by the law of the Government of the Philippines. However, Tasty meals Ltd has the fiduciary responsibility if not a social responsibility to provide healthy foods to its loyal patrons. Fiduciary responsibi lity is not prosecutable by law if it is not met. Question 3: It is NOT reasonable to demand from Tasty meals Ltd to give up ‘cost effective’ and ‘convinient’. The use of cost effective and convenient disposable tableware and containers is not against the law within the Philippines. ... Question 5: Overall I consider Tasty meals Ltd to be compliant to the corporate governance principles with the exception of its dealings with corporation of questionable background. Tasty meals Ltd is NOT AN ethically and socially responsible corporation. A company is considered compliant to Corporate Governance principles if it complies with the maximum requirement of the law in the countries where it is operating from. A company is considered to be ethically and socially responsible if it complies with the requirements of international standards where it belongs to. Question 6: The following are my answers for each of the recommendation if it is appropriate the answer is Yes, if it’s not appropriate the answer is No. Recommendation 1 – No, the current salary is more than twice the government mandated minimum wage. Recommendation 2 – No, Tasty meals Ltd have its own market that might not be receptive to other products. Recommendation 3 – Yes, Reducing tra ns fat in its cooking process will help its global corporate image. Recommendation 4 and 5 – Yes, complying with the concern of international environment groups will enhance the image of the company. Recommendation 6 – Yes, sponsorship of charitable organizations will enhance the corporate image of the company. Recommendation 7 – Yes, this is a requirement to enhance the global image of the company Recommendation 8 – Yes, this will enhance the image of the company Recommendation 9 – Yes, this will enhance and also show the commitment of the company to self reflect and improve its operation to comply with the requirement of the law and other international standard. Question 7: YES, Adverse publicity often times affects the

Xi Chuan Earthquake Essay Example | Topics and Well Written Essays - 2000 words

Xi Chuan Earthquake - Essay Example However, there are instances wherein big, catastrophic earthquakes hit the region. An example of which happened on May 12, 2008, 06:28:04 (UTC) wherein according to official reports, seventy thousand people were killed, three hundred seventy four thousand people were injured, and about seventeen thousand more were reported missing. (Chen, Qiao, and Liu 809) Compared to other natural calamities, earthquakes are close to impossible to predict. The fault lines may have been identified and mapped out but no one can really tell when a big earthquake will happen. These events can only be studied after they have already happened and the damages to property and the loss of lives have been done. If a catastrophe is defined as an event causing great and often sudden damage and suffering (Miriam Webster dictionary of the English Language) that definition is especially true for the earthquakes that plague the Xi Chuan region in the heart of mainland China. Houses were turned to mere rubble while the very foundations of old castles crack and give way to the power of nature. Unfortunately, in these display of nature’s power, human lives are also lost. Preventing mortality and too much loss in infrastructure led the Chinese to develop ways to hopefully predict when big, catastrophic earthquakes would strike and where. Although they failed in making an early warning system for earthquakes at that time, the ancient Chinese built the 1st rudimentary seismograph to be able to detect where in the realm an earthquake occurred so as to direct help there immediately (Weiland). The quest for an effective means to predict where and when strong earthquakes will occur is still the goal in China and the rest of the world nowadays, but fortunately there are many instruments, equations and programs available as well as volumes of seismic data that can give clues to the time and place these big earthquakes would hit. It is not merely the geologists’ and geophysicists’ jo b to make sure of the safety of the people and the reduction of the destruction on infrastructure. Scientists, policy makers, as well as the private sector need to work hand-in-hand to prevent further devastation caused by these types of calamities. Dynamic planning and effective implementation of different measures assure the safety of people living in these earthquake-prone zones. This study focuses on recent techniques and breakthroughs that have been and will be used in predicting the occurrence of strong earthquakes in the Xi Chuan basin region and then we will evaluate each strategy’s impact on the disaster planning and response of the area. Improvements in the early warning system technology is the key to reducing mortality and destruction of infrastructure caused by large earthquakes and the efficient dissemination of information will be the determinant to each stratagem’s effectiveness. This paper will also touch on the improvements on the policies that favor earthquake readiness and the level of implementation of these laws since the eight magnitude earthquake in 2008. Literature Review A brief history of the study of seismic activity in the Xi Chuan basic region was detailed in the study of Han and Jiang (231). The Xi Chuan – Yunnan and Xi Chuan – Quinghai area has been plagued with earthquakes historically due to its location within active faults. Records of big and damaging earthquakes were passed down from dynasty to dynasty until this present age. Although China had been a nation for