corruption discourages investment in the sense that the investors pay taxes which goes to corrupt officials. We also have poor prioritization of construction of farm to market roads that limits investment in potential areas. Long transport time of these goods decrease the income generated from these investments. 2. What challenges and gaps continue to deter the country’s rise as one of Asia’s newest economic tigers? • Decrease and stagnation of per capita income • Inequality of opportunities – for
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The American regulatory model of corporate governance rests on the theory of self regulation as the most efficient means to achieve corporate self-control in the marketplace. However‚ that model fails to achieve regular compliance with baseline ethical and legal behaviours as evidenced by a century of repeated corporate debacles‚ the most recent being Lehman’s Brothers. Lehman’s Brothers Holdings Inc was a global financial services firm who provided services like investment banking‚ equity and fixed
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UNEMPLOYMENT- A CHALLENGE TO NIGERIAN YOUTH: ANY REMEDY! PREAMBLE In this period of economic meltdown‚ job loss‚ foreclosure and fear of uncertainty; the challenges of Nigerian youth are hydra-headed. However‚ one of the most crucial challenges presently facing Nigerian youth is unemployment. The rate of unemployment is becoming increasingly alarming. According to Rebecca Enobong Roberts‚ in the recent statistics claim‚ over 3 million youth in Lagos State alone are unemployed‚ about two million
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Mark&Spencer Governance Structure Corporate Governance 1. Group Board The board’s role is what management is doing‚ holding them accountable for performance against the targets and standards‚ probing and challenging their thinking to make sure that they are on the right track. The Board works closely with management in thinking through their direction and long-term plans‚ the opportunities‚ the risks and making sure we are developing the right management team for the future. The non-executives
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how to raise your child to be good When I was a child my parents especially my father always told me how working hard at something (especially school) would pay off when I got older‚ but I think they could have done more to help me reach my true potential. Parents should spend more time with their kids doing productive activities. Children who spend more time with their parents doing productive and fun activities‚ such as: playing sports‚ reading books‚ playing board games‚
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Every country has it own culture‚ and every culture has their own way of communicating; therefore‚ growing up as a Yoruba in a Nigerian household (Africa) is not an exception. As a Nigerian living in Canada‚ it is a mix of culture for me but‚ I will say I am more of the Nigerian culture than the Canadian because of the household I live. According to Hall theory‚ “high–context cultures prefer to use the high-context message in which very little is provided in the coded‚ explicit‚ transmitted part
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and Corporate Governance I Introduction Before analysing problems that occur when institutional ownership and control are separated‚ it should be outlined why institutions exist at all. Therefore‚ chapter two examines why organizations occur in economy. Chapter three addresses the agency problem‚ based on this organization. Chapter four addresses the common ways to solve the agency problem and chapter five gives a comparison over the three most important corporate governance systems‚ namely
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BUSINESS ETHICS & CORPORATE GOVERNANCE BUSINESS ETHICS Distinguishing: • Ethics • Ethics in Business • Business Ethics • Governance • Corporate Governance • Good Corporate Governance In brief: • Ethics: code of conduct for personal behaviour. • Ethics in Business: Applying personal ethics into business. • Business Ethics: Ethics of business‚ what is good & bad‚ right or wrong for business. • Governance: Methods and practices
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THE EFFECT OF FOREIGN TRADE ON THE NIGERIAN ECONOMY Introduction Everyday‚ the need for foreign trade is on the increase as the needs of man is unlimited (Adams Smith).This is visible in the rise for consumer goods and services throughout the world especially with the increase in world population of over 6 billion people. Man with his advancement in social interaction and technology is able to visualize and perceive in his mind what he desires. This was obvious with the industrial revolution
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CORPORATE GOVERNANCE What is Corporate Governance? It is a set of systems‚ principles and processes by which a company is governed. It provides guidelines as to how the company can be directed or controlled so that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial to all the stakeholders in the long run. The term was first used by Robert Ian in his book in the year 1984. It addresses the issues facing the Board of Directors such as
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