Corporate Governance Issues Essay Example | Topics and Well Written Essays - 2250 words

Corporate Governance Issues - Essay Example Thus, society and business co-exist in the same place, benefiting from each other through wealth transfer or the satisfaction of a need, and as long as business meets this need and serves its purposes for both society and the owner of the business, then it continues to be an ongoing and sustainable concern as the income generated allows the business to stay in existence. However, once any of these purposes is not met, either the business ceases to exist or a new business with a different set of purposes is created. In recent years, society and business have come into escalating conflict, as businesses focus on the generation of profit at all cost to the detriment of society. Thus, business has destroyed environments, abused its workers, and even sold products that killed or injured its customers. Other businesses have abused their economic power to subdue nations, twisted the arms of their governments, and caused severe harm to other sovereign nations, their people, and their environ ments. As the phenomenon of globalisation spread in the last decade, the extent of the conflict between business and society escalated. Now, not only are businesses supposed to earn profits and meet the needs of its consuming society. It also has to stand by the quality of its products, ensure that its working conditions are human, and that all of its activities are sustainable, i.e., do not cause permanent damage to the welfare of future generations. Negligence on any of these points would open the company to damaging lawsuits, as shown by recent experiences with costly litigation on the effects of asbestos, tobacco, and faulty pharmaceuticals.

CLIMATE CHANGE POLICY & MITIGATION Essay Example | Topics and Well Written Essays - 500 words

CLIMATE CHANGE POLICY & MITIGATION - Essay Example After the consideration of these critical issues, the concept of common interest was designed. Common interest refers to a monumental step that was taken by countries to undertake collective responsibility in addressing the global warming due to increasing in industrial emissions to the atmosphere. Notably, there has been a number of international fora have tried to bring together nations to address this challenge. Vasser (2009 states that the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and the 1997 Kyoto Protocol came up with international obligations from each member state that would see the greenhouse gases reduce (Khare 2013). They laid down the framework for cooperation in militating against the adverse environmental pollution. Moreover, they admitted that they had different national issues to pursue, but the greenhouse effect was a unifying issue hence the shared but differentiated responsibility (Rabe 2010). One of the primary agreements was dubbed "Clean Development Mechanism" (CDM) and establishment of Green Climate Fund (GCF). Both were to lay the ground for the promotion of development free of air pollution. Besides, the nations undertook shared responsibility under the policy of CDM to reduce industrial emissions as the number priority of a healthy environment. Besides, GCF was to be channeled to developing countries to help reduce the effects of industrial emissions. Despite aggressive government to adopt legally binding policies to mitigate on the climate change, the developed countries continue to emit harmful gases. Notably, United Kingdom and recently China continued to emit undesirable levels of industrial gases to the atmosphere (LeoÃÅ' 2008). Sadly, the notion that the developed countries would spearhead climate rehabilitation is quite misleading. The United States and its proponents on climate continue to mislead other nations in the pretext