Examine the Importance of Corporate Governance on Bank Risk Management Essay

Examine the Importance of Corporate Governance on Bank Risk Management - Essay Example It is also a process to maintain proper supervision over the functions of the employees, thereby controlling the flow of information inside the hierarchy. Thus, corporate governance is mainly utilised by various organisations in order to endorse corporate equality, transparency and responsibility among the members, which helps to enhance their motivation and morale, thereby improving the efficiency of an organisation. Moreover, it also ensures that proper management information is transmitted among the employees in order to maintain uniformity and justice in the organisation. This would be beneficial both for the organisation and the employees. Thus, with the help of corporate governance, proper control mechanisms can be ensured in order to maintain the business operations in a systematic and effective way. Hence, it can be depicted that the framework of corporate governance is also utilised for retaining an appropriate balance among the members of an organisation (International Fina nce Corporation, 2010). ... It can be observed that the penetration of corporate governance increased by a considerable extent in this recent era in order to condense the corporate scandals occurring in global markets (The Economist Intelligence Unit Limited, 2002). The paper mainly describes the importance and the benefits of corporate governance in organisations. Along with this, it also highlights the significant impact of corporate governance in managing the risks associated with banks. Importance of Corporate Governance on Bank Risk Management Corporate governance is the system by which business conglomerates are directed and managed in order to attain business objectives. Moreover, in modern times, corporate governance is implemented in most of the organisations as a strategic policy in order to handle the threats in a challenging way. The prime objective behind this approach is to eradicate financial and other risks. Corporate governance is unswervingly related with risk management of any financial organ isation, thereby acting as an umbrella to protect its perspectives (Colley, 2003). Risk management in financial institutions is most common as compared to other sectors. This is due to the fact that it mainly deals with fiscal instruments, thereby controlling both market and credit risks in a tactful way. It is so because financial risk can lead to economic downturn along with recession in the whole economy (The Economist Intelligence Unit Limited, 2002). Hence, corporate governance is extremely important in banks as it would enhance public faith and confidence, which is very essential for their efficient running. Thus, poor corporate governance in banks may lead to operations failure, which might cause considerable

Rabbit-Proof Fence and the Edge of Heaven - Movies Which Depict the Mi Essay

Rabbit-Proof Fence and the Edge of Heaven - Movies Which Depict the Minority Groups in Society - Essay Example In response to the growing fears, special and unique detention centres were built across Australia to keep the mixed-race children from the entire Australian community, which was the dominant culture. In addition, orders were issued to eradicate forcibly half-caste children from their paternal and maternal families. The movies especially the Edge of Heaven shows how prejudice and discrimination take centre stage in the Australian society. It is evident that being prejudiced simply implies holding preconceived attitudes and beliefs about certain cultural practices or group of people in society. The movie shows how people from dominant culture engage in discriminatory practices in order to guard opportunities for themselves by hindering access to those whom they tend to believe do not need or deserve the same treatment as others. As seen in the Rabbit-proof fence, it is evident that during this time, racism in Australian society looked like cancer in that it had no cure and it would have continued were it not for the effort of the three women to fight for justice. However, separation and exclusion are seen all around Australian aborigine children. It is clear that suspicion, fear, and ignorance parting away communities. At the same time, public figures, the media, and heads of states, who are the people supposed to fight and defend pluralist and inclusive societies, initiate attacks on multiculturalism. While this negative outlook may be so widely accepted challenging it seems to be a hard but important task. In the Edge of heaven movie, Ali Aksu thought he had found relief and happiness when he met Yeter a prostitute. He provided her with monthly payments to cease working as a city prostitute and marry him. Considering the fact that she (Yeter) was not from a dominant culture or group, she received threats from Muslims about either accepting the offer or facing the consequences. She decided to take the offer.  Ã‚