Saturday, May 30, 2020
Faith in Hinduism - Free Essay Example
Hindus say that their faith is timeless and has always existed but researchers believe Hinduism formally started somewhere between 2300 B.C. and 1500 B.C. in the Indus Valley, near modern-day Pakistan. Hinduism does not have one founder but is instead a combination of various beliefs. Around 1500 B.C., the Indo-Aryan people migrated to the Indus Valley, and their language and culture blended with the indigenous people living in the region. Because of the language barrier it is hard to decipher what really went on in this time period, but researchers came to the conclusion that this religion seems to have temple rituals and ritual bathing in the great bath found at Mohenjo-Daro. There is some evidence of animal sacrifice at Kalibangan, a number of terracotta figurines have been found, they looked like goddess images, and a seal depicting a seated figure surrounded by animals that some researchers thought to be a model of the god Shiva (Brodd, J. 2016). The period where the Vedas were calm was known as the Vedic Period and lasted from about 1500 B.C. to 500 B.C. The early Vedic religion centered on the sacrifice and sharing the sacrificial meal with each other and with the many gods (devas), (Brodd, J. 2016). The Puranic and Classic Periods took place between 500 B.C. and 500 A.D. Hindus began to enforce the worship of deities, particularly Vishnu, Shiva and Devi. Dharma was a concept, like a way of living that means law, duty, and truth which is central to Hinduism. It was conveyed in texts known as Dharma Sutras and Shastra which recognize three sources of dharma: revelation, tradition, and good custom, (Seaman, D. 2017). The idea of dharma was introduced in new texts, and other faiths, for instance Buddhism and Jainism. Later on between 1757 and 1848, the British controlled India and at first, the new rulers allowed Hindus to practice their religion without interference. However later the Christian missionaries wanted to convert the people. Many reformers emerged during the British Period, during all of this, the well-known politician and peace activist, Mahatma Gandhi, comes in leads a movement that sided for Indias independence. He influenced the religion a lot, especially his teachings on non-violence, (Seaman, D. 2017). Gandhi was assassinated in 1948 a year after India became independent. British India was split into what is now India and Pakistan, and already in this time Hinduism became the major religion of India. In the 1960s, Hindus migrated to North America and Britain, to spread the faith and philosophies to the western world. In this religion a caste system was/is handled. It is a social hierarchy in India that divides Hindus based on their karma and dharma. It is believed that the system dates back more than 3,000 years. The four main castes in order from highest to lowest is Brahmin: the intellectual and spiritual leaders, Kshatriyas: the protectors and public servants of society, Vaisyas: the skillful producers, and Shudras: the unskilled laborers, (Brodd, J. 2016). Many subcategories also exist within each caste but they all center around those main ones. There is one last one that is added but in some regions it is not recognized and those are the untouchables. They are a class of citizens that are outside the caste system and considered to be in the lowest level of the societal hierarchy. For centuries, the caste system has determined every aspect of a persons social, professional and religious status in India. When India became an independent nation, its constitution banned discrimination based on caste but the caste system is somewhat still standing even if it not intended. For example any of the old customs are overlooked, but some traditions, such as only marrying within a specific caste, are still embraced. The teaching concepts are mostly all the same what varies is the way to practice the traditions or the rituals. Also which deities they worship or recognize more than others. Brahma is believed to be the supreme God, the force present in all things, the god responsible for the creation of the world and all living things is one of the main gods. Following this are the next more recognized. The god that preserves and protects the universe is known as Vishnu. The god that destroys the universe in order to recreate it, Shiva. Devi, the goddess that fights to restore dharma. Krishna, the god of compassion, tenderness and love. Lakshmi, the goddess of wealth and purity. Saraswati, the goddess of learning. (Brodd, J. 2016) Their worship, known as puja, normally takes place in the Mandir which means temple. Hinduism people can visit the Mandir any time they please as well as they can also worship at home, or like many have a special shrine dedicated to certain gods and goddesses where they c an go to. The giving of offerings is an important part of Hindu worship, its a common practice to present gifts, like flowers or oils, to a god or goddess. There are many sacred texts Hindus value instead of holding just one holy book. Around 1500 B.C the primary texts, known as the Vedas, were composed. This collection of sacred verses and hymns contain revelations received by ancient saints and elders that were written in Sanskrit. The Vedas contain of: The Rig Veda, The Samaveda, Yajurveda, and Atharvaveda. The Hinduism people believe that the Vedas transcend all time and dont have a beginning or an end. Along with these Vedas the Upanishads, the Bhagavad Gita, 18 Puranas, Ramayana and Mahabharata are also considered important texts in Hinduism, (Chatterjee, P. 1992). Hindus believe in the doctrines of samsara, this means the continuous cycle of life, death, and reincarnation. They also believe in karma which is the universal law of cause and effect this is the idea that peoples actions and thoughts directly defines their current life and future lives; this is considered one of the essential principles of the religion. One of the key thoughts of Hinduism is atman in other words the belief in soul. This philosophy preaches that living creatures have a soul, and theyre all part of the supreme soul. The goal is to ends the cycle of rebirths to become part of the absolute soul which you achieve through moksha, or salvation. Hindus strive to achieve dharma, which we learned is a code of living that emphasizes good conduct and morality. The Swastika is Hinduisms symbol, which represents good luck, later it became linked with evil when Germanys Nazi Party made it their symbol. The Om is also a Hinduism symbol and it is a sacred sound and a spiritual symb ol that signifies the essence of the ultimate reality, consciousness or Atman, (Brodd, J. 2016). In conclusion Hinduism mostly is referred to as a way of life, which is why the way you practice this religion is not judged but respected just as long as you have the fundamentals, which are believed to be the best way for oneself, and if you respect the others way of practicing.
Saturday, May 16, 2020
Benefits of Student Exchange - 1775 Words
| The Benefits of Student Exchange | COM100 | | Anna Steele 4001232 | 3/10/2012 | 1. Synopsis A student exchange program is designed to encourage students to live in another country for generally a full school year. This report will cover the history of exchange programs, the benefits of undertaking study abroad in terms of the personal, cultural, educational, and employment benefits. It will also outline reasons why thousands of students around the world chose to leave their home country and study abroad. The key findings in this report show the substantial advantages that come from experiencing life in a foreign country by immersion in the culture and language. The conclusions drawn in this report have been based on variousâ⬠¦show more contentâ⬠¦The pressure to communicate in a country where ones mother tongue is not spoken also encourages acquisition. This is a major benefit to Australian school students, because learning a second language is no longer mandatory past Year 8. The decline in student, school, parental and community value for language learning is a con tentious issue in the Australian education system, exacerbated by a number of language teachers; many schools are unable to run classes. Therefore, students willing to participate in an exchange are helping to bridge this gap, and promote bilingualism. Regardless of the duration of a program, the student will learn to appreciate, explore and experience a different culture. The most notable difference many exchange students see in themselves is their enhanced confidence, maturity and sense of accomplishment. The development of an international social network will be a valuable, lifelong asset to the student. Not only will they make lifelong friends, but they will also develop a wider awareness of diversity, and a increased personal sensitivity to others. 4.3 Why families agree to host students There are numerous reasons why a family may host a foreign exchange student. I asked a small sample of host families why they had agreed to host a student the reasons were: * The desire to share their country and their culture with another person. * To expose their children to anotherShow MoreRelatedEssay on Benefits Of Student Exchange Programs990 Words à |à 4 Pages An exchange student is a student that leaves his/her country for a foreign one for a year, where she/he usually learns a new language and experiences a new culture. Nowadays, there are more than 35 international exchange programs from which very many high school students benefit. For instance, each year, almost 13000 students travel on American Field Service Intercultural Programs between 65 countries (AFS, 2011). Unfortunately, the number of students who go on exchange is still relatively Read MoreCultural Exchange Classroom : Benefits For Students And Teachers1701 Words à |à 7 PagesCultural Exchange in the Classroom: Benefits For Students and Teachers Ideally kids who are expected to become multilingual would be placed in classrooms where a teacher can speak their native language(s) and effectively communicate with the kids and the parents thereby validating the home language. Of course this isnââ¬â¢t always an option, and it surly wasnââ¬â¢t an option for my small town school. However, I believe that if the teachers could have handled the classrooms with a softer touch. By not attachingRead MoreSWOT Analysis of Curtin University802 Words à |à 3 PagesThe Exchange Student Program at Curtin University faces a number of problems, but low application numbers are among the most important. Much of the problem appears to stem from communications issues. In undertaking the situational analysis, there are three main problems that have been identified. The first aspect is a SWOT analysis. The program is well-established, and has a lot of great locations and programs of study. There is funding available in the form of bursaries for students wishingRead MoreIntroduction. In Contemporary Society, The Boost Number1269 Words à |à 6 Pagesinternational students all over the world (Bohm et al., 2002) Because those students figure out that education abroad is more concerned about personality, and can be independent of them. However, second language learning has become one of the most serious problems for international students. Therefore, higher education provides language courses for international students who are not native-tongue. However, many students are not using the foreign languages fluently yet. If international students want a perfectRead MoreSocial Exchange Theory And Social Interaction982 Words à |à 4 Pagesbegin socializing with us during this time, forcing our exchanges with them and others to become ââ¬Å"trainedâ⠬ . Building these social relationships requires exchanges that are associated with rewards and costs. Chibucos Leite (2005), believe that in social situations, one will select only those behaviors that increase their chances of meeting egocentricities in social situations. In a relationship, if one sees a relationship as having more benefits than risks, they are more likely not to terminate theRead MoreCase Study At The Burgundy School Of Business1033 Words à |à 5 PagesStep 1: Exchange Selection The specific exchange location that we have selected to create a marketing plan for is the Burgundy School of Business in Dijon, France. We have chosen this University for our project for three main reasons. First, this school offers a very diverse range of courses that are not offered at the University of Windsor or any of the other exchange destinations. They offer courses in Wine Management and Wine Business, as well as many other very fascinating courses. SecondRead MoreSocial Exchange Theory1512 Words à |à 7 PagesThe Social Exchange Theory was created by researchers John W. Thibaut and Harold H. Kelley, was an attempt to everyday interpersonal relationships. This theory, with backgrounds in sociology and economics, appeals to so many because of it simple answers to human interaction and intentions. The social exchange theory is very rational and considers humans to be rational in every thought they make. It examines human behavior through costs and benefits of being in a particular relationship. The theoryRead MoreEssay about Foreign Exchange1563 Words à |à 7 PagesForeign Exchange One of the greatest experiences that a college student can have is that of studying abroad. It is one of the most enlightening experiences one can ever become involved in. It is a wonderful way to learn about another culture. Unfortunately, many of the foreign exchange students at State University have a difficult time interacting with the American students on campus. This lack of interaction is causing all students at State to miss out on a very important experience. AlthoughRead MoreU.s. Securities And Exchange Commission1523 Words à |à 7 Pagesoverall progress of the 529 plans and the benefits. The objective of the 529 plans by the Government of United States of America is to provide advantages to the college savers in availing the tax rebates and tax reductions. The educational system is benefiting from these plans and the document provides the analysis of the factors that play their part in the providing the benefit to the sector and the overall economy. According to the U.S. Securities and Exchange Commission (2014), the educational systemRead MoreEco/372 International Trade and Finance Speech Essay1268 Words à |à 6 PagesInternational Trade and Finance Speech International Trade and Finance Speech Foreign exchange rates and International trade are important aspects of economics. The United States macroeconomyââ¬â¢s health is determined by these concepts and their factors. International Trade Exports and imports are what encompass international trade balance. When there are more exports over imports a trade surplus happens and when there are more imports over exports a trade deficit happens. A country will acquire
Wednesday, May 6, 2020
A Streetcar Named Desire the Importance of Being Earnest
The Importance of being earnest Themes Themes are the fundamental and often universal ideas explored in a literary work. The Nature of Marriage Marriage is of paramount importance in The Importance of Being Earnest, both as a primary force motivating the plot and as a subject for philosophical speculation and debate. The question of the nature of marriage appears for the first time in the opening dialogue between Algernon and his butler, Lane, and from this point on the subject never disappears for very long. Algernon and Jack discuss the nature of marriage when they dispute briefly about whether a marriage proposal is a matter of ââ¬Å"businessâ⬠or ââ¬Å"pleasure,â⬠and Lady Bracknell touches on the issue when she states, ââ¬Å"An engagement shouldâ⬠¦show more contentâ⬠¦In some ways, Algernon, not Jack, is the playââ¬â¢s real hero. Not only is Algernon like Wilde in his dandified, exquisite wit, tastes, and priorities, but he also resembles Wilde to the extent that his fictions and inventions resemble those of an artist. The Importance of Not Being ââ¬Å"Earnestâ⬠Earnestness, which implies seriousness or sincerity, is the great enemy of morality in The Importance of Being Earnest. Earnestness can take many forms, including boringness, solemnity, pomposity, complacency, smugness, self-righteousness, and sense of duty, all of which Wilde saw as hallmarks of the Victorian character. When characters in the play use the word serious, they tend to mean ââ¬Å"trivial,â⬠and vice versa. For example, Algernon thinks it ââ¬Å"shallowâ⬠for people not to be ââ¬Å"seriousâ⬠about meals, and Gwendolen believes, ââ¬Å"In matters of grave importance, style, not sincerity is the vital thing.â⬠For Wilde, the word earnest comprised two different but related ideas: the notion of false truth and the notion of false morality, or moralism. The moralism of Victorian societyââ¬âits smugness and pomposityââ¬âimpels Algernon and Jack to invent fictitious alter egos so as to be able to escape the strictures of propriety and decency. However, what one member of society considers decent or indecent doesnââ¬â¢t always reflect what decency really is. One of the playââ¬â¢s paradoxes is the impossibility of actually being either earnest (meaning ââ¬Å"seriousâ⬠or ââ¬Å"sincereâ⬠) or moral while claiming to be so. TheShow MoreRelatedEssay Prompts4057 Words à |à 17 PagesThe Major of Casterbridge A Doll House The Piano Lesson Ghosts The Playboy of the Western World Great Expectations Romeo and Juliet The Great Gatsby The Scarlet Letter Heart of Darkness Song of Solomon The Importance of Being Earnest 2001: Novelists and playwrights have often seen madness with a ââ¬Å"discerning eye.â⬠Select a novel or play in which a characterââ¬â¢s apparent madness or irrational behavior plays an important role. Then write a well-organized essay in which
Tuesday, May 5, 2020
Corporate Governance and Value Creation
Question: Discuss about the Corporate Governance and Value Creation. Answer: Introduction: Nowadays, real estate business has gained global recognition and has attracted the international investors and developers to invest here. It is perceived that corporate governance can improve the reputation of real estate industry by making more professional. Corporate governance focuses on the participants of the market who expect faster reply to the perceptible failures. The report here deals with the organization The Rational Estate Institute of Australia (REIA). REIA operates in the real estate market of the country, which is considered the least ethical (Acharya 2013). The organization provides valuable advice to the government. An experienced team headed by an able CEO manages the governance in REIA (Allen and Carletti 2013). Six-member organizations from different territories constitute REIA. An analysis of the external environment of the organization is also given form an idea about the industry in which the organization operates. A board of directors each from the six-member organization is selected to form the board of directors. The CEO of REIA is Jock Kreitals. An overview about the corporate governance of the organization is also given followed by a critical review of it. Based on the critical review some recommendation is given. Recommendations are mainly guidelines and not prescription to be followed. Reforms in the corporate governance enhance the transparency and increase their score in ethical issue in the Australia economy. Background of REIA and the Real Estate Industry: The Rational Estate Institute of Australia (REIA) is professional organization for the real estate sector of Australia. REIA is not politically aligned and it researches on the matters relating to real estate sector and provides advice to the Federal Government, media, and other members of the real estate sector. It is established in 1924 and it gained reputation as one of the most acceptable source regarding the commercial and residential property markets (Reia.asn.au, 2016). An able CEO along with an experienced team with requisite knowledge and credentials guides the organization towards success. Six members from different territories and state together form the REIA membership. They are Real Estate Institute of ACT, NT, SA, Tas, WA and Vic. The Affiliates Council in NSW is also included among the members of REIA. Approximately 80% of the real estate firms collectively constituted REIA (Reia.asn.au, 2016). REIA operate in the real estate sector of Australia. A PESTLE analysis gives an idea about the macro environment of the industry. Changes in taxes and laws, barriers to trade, demographic changes all constitute the macro-environment of the real estate industry. The political situation of Australia has always been stable which benefits the companies in their business. A stable business environment with skilled and educated labors and a strategic time zone all contributed in the formation of the perfect environment to attract the MNCs. The economic environment is favorable as high property prices increases the demand for rental properties. The economic environments also offers encouraging situation for investment opportunity. The property prices increases by 36.6% and the commercial properties in Perth and Brisbane gives outstanding returns on investment (Allen and Carletti 2013). Pure investment strategies enable investors to purchase off-plan properties at best prices. The social structure in Australia is divided into three statures. They are upper class, working class and middle class. Every class has different purchasing power. The property market delivers according to the purchasing power of each class. Technology leading to innovation r educes cost and enhances quality. Government invested 55% of the funds in research and industry development. The prime minister has created a post to augment science and technology in the industry. The environmental protection act imposed by the government, which will meet the availability and quality of water supply. The legal situation should be stable in which the firm operates. Minimum wage, employment and ethical issues all comes under this legal factors (Barton and Wiseman 2014). Review of REIA governance: REIA governance is compromises of a board of directors who takes strategic decision, and frames policies for the organization. The CEO and the board of directors work together to achieve excellent outcomes for the organization. Jock Kreitals is the CEO of REIA (Reia.asn.au, 2016). The board consists of single representative from each state as nominated by the Real Estate Institute. The president in REIA is Neville Sanders. He has joined the Real Estate Institute of Victoria in 1971 and became a member of REIA board. At present, Neville is in the general manager post of Whittles Australia. Hyden Groves is the deputy president who holds the real estate business after working successfully as sales representatives in a firm for years. Diane Davis is the board director of REIA. She was the former president of Real Estate Institute of Northern territory. She has been serving as Real Estate agent for 22 years. At present, she is now in the position of Branch Operations Manager of Elder Real Estate. Joseph Walton is a professional in the property market. He has experience in sales, retails, commercial leasing, and sales of residential properties and uses his knowledge to attain exemplary standard in all fields of his work. He has served in the government sectors and in charitable institutions. Joseph is a licensed agent in the real estate sector and holds the director post in Allard Shelton Pty Ltd. in Melbourne. Moreover, he is serving as a director in the Real Estate Institute of Victoria. In 2014, Greg Moulton became the CEO in Harris Real Estate. He has played extensive training role in Real Estate Institute. He has earned reputation as an auctioneer and committed himself in the Real Estate Institute. Stan Platishas joined REIA Board Director in 2004 (Reia.asn.au, 2016). He has been in the real estate industry for 19 years and currently holds the position of Board Director of REIACT. He has also received Community Service Award for his outstanding performance in th e Real Estate sector. Christopher Mourd heads Real Estate for LJ Hooker group. The residential networks and the commercial networks of LJ Hooker growth and management is looked after by him. He also has extensive knowledge and experience in international property of Northern America and South Pacific region. Adrian Kelly has served in at the real estate industry of Tasmania. He is among the board of members of Real Estate Institute of Tasmania. At present, he is an Associate in REIA. John Cunningham is highly respected in his profession for his integrity. His philosophy is to build trust in the relationships of business. His innovative approach coupled with his expertise enabled him to set milestone in real estate business. At present, he is in the President position of REINSW (Reia.asn.au, 2016). REIA is mainly concerned about the finance to the agencies of real estate. To expand the span of SMEs in the real estate market in Australia REIA conducted a survey on the real estate agents, which will provide evidence on the impact on the decreasing competition in the financial services in the post global financial crisis period. The survey revealed that the financial sector is unable to understand the requirements of SMEs and grouped them under in a single basket. The main problem was to get access to finance as the official interest rates for SMEs are increased after the worldwide financial crisis (Battistini 2014). To distinguish the relationship that exist between the structure and the ownership pattern of REIA is shown through a figure below.In the figure, the major claimants of the value in REIA are the debt and the equity, holders. Debt holders accept the risk on debt-obligation whereas the equity holders receive the value of the firm and assign the corporate decision to the managers and to the board of directors. Agency association exists within REIA between the management and the employees, depending on the complexities of the company. REIA also have a connection with its stakeholders during the normal course of its operation. These connections are illustrated in the lower half of the organization (Berger, Imbierowicz and Rauch 2016). The management has the power to alter the norms of the business and its relationship with the customers and the suppliers. The ability to make changes depends upon the characteristics of the commodities or services that are being traded. External audit are performed to provide a new viewpoint of the mechanism, which is framed to minimize the agency cost (Neubauer and Lank 2016). Finally, the figure depicts that REIA has a relationship with the social agency that encompasses the responsibilities in terms of good corporate citizen. Recently like other Australian firms, REIA has given recognition to the relationship between corporate governance and the level of performance in a company. The important part of the mechanism of the corporate governance can influence the level of cost of agency. These costs are the ability of the directors to foresee the nature of the management, review and audit the process, the role of large shareholders to incur and monitor cost and the threat to take over the market from corporate control (Boyd 2014). However, the connection between good corporate governance and the level of performance in REIA has received diverse support. The mechanism of corporate governance was designed to form deliver and develop industry-wide framework that could guide REIA and its investors in the real estate market in Australia. Some of the principles, which can be organized in three types are structural, behavioral and disclosure, are given below: To formalize the functions reserved to the board of directors and the management. A majority of the board of directors is independent with a chairperson and the role of the CEO and the chairperson should not be the same person. The organization should have an established set of code to promote responsible and ethical decision in the real estate market. The CEO and the board of directors are required to safeguard the integrity of the company. The organization should have an established written procedures and processes to ensure compliance with the rule of ASX. Disclosure of the requirements is necessary to make certain its accountability to the senior management. The organization should design communication strategies to enhance effective communication and participation at the meetings. To disclose the evaluation of the performance of the board, committees and individual directors and key executives. The organization should give recognition to the legitimate stakeholders. The structural principles assumed that the corporate governance is a matter of performance of the firms goal. The behavioral principles consist of the majority of the recommendations from the ASX council. The disclosure principle outlines REIAs ways of communication with corporate governance to collect information about the stock market (McConnell and Qi 2016). Important policy implication is not expected to change the management and governance of the company all together (Dermine 2013). The key elements of the corporate governance in REIA are: To protect the interest of the investors and which is achieved through a set of provisions. They are clearance of the funding obligations, information on the financial obligation of the company and decision-making process Investors give more importance to the Advisory Committee in terms of reference. Critical Review: The real estate sector played a crucial role in the present economic crisis. The recent crisis, to an extent, is attributed to the governance crisis. In Australia, the real estate sector is considered the least ethical. The real estate is of great importance to the institutional investors. Though theoretically it has been said that organization level of governance is important for investment in equity but evidence reveals that in REIA governance has least influence on its performance (Kohl and Schaefers 2012). The organizational structure of REIA requires fundamental changes in the principal traditional setting. In this constricted setting in which the managers of REIA operate, gives us an interesting way to experiment with the connection between governance and level of performance. Moreover, according to Harrad, Davis and Grissom (2013), corporate governance played a crucial role in the global economic crisis as returns on investment declined. However, according to, investors have s hunned the Asian markets during the beginning of the financial crisis in Asia. To investigate the impact of corporate governance on performance of the company, an analysis on the flow of capital from both residential and institutional investors is analyzed. Results showed that corporate governance affect REIAs performance both during the boom and recession periods. According to Harford (2012), the returns on stock are related directly to the corporate governance structure. Designing an investment strategy needs more time in an organization with high corporate governance compared to an organization with low corporate governance. Investors might not be able to identify the difference between a well-performed and poorly performed governance company but eventually they will be able to do so by paying a premium to the company with good governance (Joseph, Ocasio and McDonnell 2014). Recommendations: Recommendations are like guidelines that are framed to produce positive and effective outcome. Some of the suggestions are: The available information is better accessible. More detail information about the affiliations, independence, policies, share trading and composition of committees. Clarification of the concerned information In the case of foreign investment in Australia, foreigners are required to apply for investment approval prior to the purchase of any residential estate. An established set of information and functions should be reserved to the board of directors. The recommendations are framed to promote several principles, they are: An established entity has a board of directors to manage and evaluate the performance. The board of appropriate size and committed to discharge its duty efficiently. The entity should have a rigorous process to verify and and maintain the integrity of corporate reporting. The entity should have a remuneration structure to attract and retain the directors and executives. The entity should also have an effective risk management framework. Conclusion: In order to improve reputation and increase transparency, REIA uses corporate governance as its main tool. Transparency and professionalism are the main element to control and increase the confidence of the investors. Real estate has been in the foreground during the global financial crisis. In this report, the influence of the structure of corporate governance on the stock returns has been seen. The Rational Estate Institute of Australia (REIA) operates in the real estate market of the country, which is considered the least ethical. The organization provides valuable advice to the government regarding investment related issues. Six-member organizations from different territories form REIA. A PESTLE analysis gives a view on the external environment of the organization and hence, about the industry in which the organization operates. A board of directors each from the six member organizations headed by CEO of REIA, Jock Kreitals forms the board of directors. A view on the corporate go vernance of the organization is given. A critical analysis o the governance of REIA is then given. Based on the critical review recommendations are formed which are mainly guidelines to improve their performance. Reforms in the corporate governance will increase the transparency and will help the company to rise on ethical grounds. References: Acharya, V.V., Gottschalg, O.F., Hahn, M. and Kehoe, C., 2013. Corporate governance and value creation: Evidence from private equity.Review of Financial Studies,26(2), pp.368-402. Allen, F. and Carletti, E., 2013. Systemic risk from real estate and macro-prudential regulation.International Journal of Banking, Accounting and Finance,5(1-2), pp.28-48. Barton, D. and Wiseman, M., 2014. Focusing capital on the long term.Harvard Business Review,92(1/2), pp.44-51. Battistini, L., Burreddu, P., Sartori, A., Arosio, D., Manzoni, L., Paduano, L., DErrico, G., Sala, R., Reia, L., Bonomini, S. and Rassu, G., 2014. Enhancement of the uptake and cytotoxic activity of doxorubicin in cancer cells by novel cRGD-semipeptide-anchoring liposomes.Molecular pharmaceutics,11(7), pp.2280-2293. Berger, A.N., Imbierowicz, B. and Rauch, C., 2016. The roles of corporate governance in bank failures during the recent financial crisis.Journal of Money, Credit and Banking,48(4), pp.729-770. Boyd, D., Amidu, A.R. and Smith, M., 2014. Developing a Practice-based Body of Real Estate Knowledge: A Delphi Study.Journal of Real Estate Practice and Education,17(2), pp.139-167. Dermine, J., 2013. Bank corporate governance, beyond the global banking crisis.Financial Markets, Institutions Instruments,22(5), pp.259-281. Erkens, D.H., Hung, M. and Matos, P., 2012. Corporate governance in the 20072008 financial crisis: Evidence from financial institutions worldwide.Journal of Corporate Finance,18(2), pp.389-411. Haran, M., Davis, P., McCord, M., Grissom, T. and Newell, G., 2013. Equities or real estate? An international evaluation of listed property markets.Journal of European Real Estate Research,6(2), pp.139-162. Harford, J., Mansi, S.A. and Maxwell, W.F., 2012. Corporate governance and firm cash holdings in the US. InCorporate Governance(pp. 107-138). Springer Berlin Heidelberg. Joseph, J., Ocasio, W. and McDonnell, M.H., 2014. The structural elaboration of board independence: Executive power, institutional logics, and the adoption of CEO-only board structures in US corporate governance.Academy of Management Journal,57(6), pp.1834-1858. Kohl, N. and Schaefers, W., 2012. Corporate governance and market valuation of publicly traded real estate companies: Evidence from Europe.The Journal of Real Estate Finance and Economics,44(3), pp.362-393. McCahery, J.A., Sautner, Z. and Starks, L.T., 2016. Behind the scenes: The corporate governance preferences of institutional investors.The Journal of Finance. McConnell, J.J. and Qi, Q., 2016. Just Talk CEO Succession Plan Disclosure, Corporate Governance and Firm Value. Mller, R., Turner, J., Andersen, E.S., Shao, J. and Kvalnes, ., 2015. Governance and Ethics in Temporary Organizations: How Corporate Governance Influences the Temporary Organization.Proceedings of the IRNOP, pp.22-24. Neubauer, F. and Lank, A.G., 2016.The family business: Its governance for sustainability. Springer. Rau, J.Y. and Cheng, C.K., 2013. A cost-effective strategy for multi-scale photo-realistic building modeling and web-based 3-D GIS applications in real estate.Computers, Environment and Urban Systems,38, pp.35-44. Reia.asn.au. (2016).REIA | Real Estate Institute of Australia. [online] Available at: https://reia.asn.au/ [Accessed 25 Nov. 2016]. Tricker, B., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Wang, G.J. and Xie, C., 2015. Correlation structure and dynamics of international real estate securities markets: A network perspective.Physica A: Statistical Mechanics and its Applications,424, pp.176-193.
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