Wednesday, May 6, 2020

The Significant Area Of Concern Essay - 865 Words

The significant area of concern for Ernest Frank Pty Ltd (Ernest Frank) is the misuse of their confidential company and client information. It appears that Josephine West (West) has used information obtained in the course of her employment with Ernest Frank and used it for the benefit in her subsequent employment with Hale Bopp Pty Ltd (Hale Bopp). It is essential that Ernest Frank take immediate steps to protect their intellectual property and to stop any further unauthorised use of their company information by West and Hale Bopp from occurring. I advise that the protections available to Ernest Frank include the following: Duty of Confidentiality It appears that West copied, removed and possibly deleted confidential information, which she had access to during her employment with Ernest Frank. Such conduct by West would fall outside the realm of knowledge acquired by the employee as a routine part of performing their duties, that is, West disclosed information that was not in the public domain. In Prime Creative Media Pty Ltd v Vranijkova and Motoring Matters Pty Ltd (2010), the Federal Court explained that ‘the protection that should be afforded to information was not afforded due to its confidentiality or from any secrecy surrounding it, but rather afforded protection because of the purpose for which the information had been compiled and because the information was not accessible to those other than business’ employees.’ It is arguable that West’s conduct breached theShow MoreRelatedReview : Murai Specific Plan Project1377 Words   |  6 PagesDiego based home developer (â€Å"Generations†), to its lead agency, the City of San Marcos. 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For APFS to continue to communicate and defend management of public forests they developed a team to start valuing natural capital. The process of identifying

Saudi Aramco Oil and Gas Company †Free Sample Available

Question: Explain Management Structure Of Saudi Aramco Oil And Gas Company. Answer: Introduction Saudi Aramco is a national petroleum and gas cooperation based in Dhahran. The company has an estimated value of $ 6 trillion, making it the most valuable gas and oil cooperation globally (Kokal and Al-Kaabi, 2010, p. 68). In this paper, three issues are addressed; the management structure of Saudi Aramco Oil and Gas Company, roles and responsibilities of two divisions within the organization and how the corporation is contributing to the local community. Management Structure Of Saudi Aramco Oil And Gas Company According to AL Yousef and Stevens (2011, p. 6901), this organization uses its management structure to establish an effective strategic direction and also ensure that it have a competing edge in the market. Further, the governance structure helps Saudi Aramco to build brand image and positive reputation among the customers, business partners, and suppliers. Saudi Aramco is fully owned by the government of Saudi Arabia and stewarded by a board of directors which encompasses professionals from varied sectors (Anderson, 2014, p. 60). The leadership team is mandated to oversee the business affairs, formulate strategies for mitigating risks, and assess the organization opportunities. Henry and Springborg ( 2010, p. 120) ascertain that the management board includes the companys CEO, the president, head of leading Saudi academic institution, government ministers, senior individuals in the oil industry and professionals from the financial industry. The board of directors sets professional standards that are adhered by cooperate management members who ensure that auditing practices are conducted in an ethical and independent manner (Ross, 2011, p. 6). According to Anderson (2014, p. 61), an auditing body also forms an important component in the management structure of this company. This body operates independently in a process that is monitored and endorsed by the board of directors. The mandate of the auditing body is to ensure a robust and confidential review of the organization operations and offer a transparent and clear reporting channel. Under the auditing team, the company integrates its workforce in its management structure in order to anchor a strong cooperate values and build a future-oriented mind for maximum profits (Fattouh, and El-Katiri, 2013, p. 110). The employees are guided by codes and guidelines formulated by the board of directors as they navigate the global operations of the company. Ross (2011, p. 7) alludes that the organization uses these policies as its benchmark and compass against which it evaluates its performance as well as that of suppliers, affiliates, consultants and joint ventures based in Saudi A rabia and other countries globally. Kokal and Al-Kaabi (2010, p. 70) affirm that a supplier team that operates under the cooperate governance members is also part of the management structure of Saudi Aramco company. The team undertakings are guided by codes formulated by the board of directors in an aim of ensuring that the values and ethical standards of the organization are maintained across its supplier network. Further, the supplier team is mandated to ensure that the company maintains long-term mutual benefits with stakeholders and create a delivery channel of commitments made by the organizations to its target customers (Mellahi, Demirbag, and Riddle, 2011, p. 410). ROLES AND RESPONSIBILITIES IN TWO DIVISIONS OF SAUDI ARAMCO OIL AND GAS COMPANY The majority of companies in the gas and oil industry operates by segmenting duties and responsibilities to different divisions in the aim of heightening effectiveness by optimizing on human resource. Each of these segments is made up of competitive elements that influence its performance. This section will address two major divisions of Saudi Aramco Company. These segments include: Oil supply, planning and scheduling division. The research and development sector. OIL SUPPLY, PLANNING AND SCHEDULING DIVISION This segment is concerned with the management of oil, gas and refined products in the aim of ensuring that customers need are meet in the most cost effective way that is consistent with the technology. Ross (2011, p. 7) ascertain that this division has a primary role in ensuring that hydrocarbon inventories and systems are well governed so as to maintain a good reputation in the market which is vital in winning customers loyalty (Anderson, 2014, p. 66). Further, the segment has a responsibility of optimizing profits by reducing the operational costs involved in supplying oil to the target market. The company strives to use highly advanced technology with the ability to transport huge volumes of oil in a cost effective, safe and time sensitive manner. According to Saudi Aramco oil supply, planning and scheduling division integrates various segments such as supply refined products and NGL Terminal in order to guarantee optimum and efficient delivery of hydrocarbons to the customer in Saudi Arabia and other target markets globally (Ross, 2011, p. 9). The functioning of this division is aided by the operation coordination center video wall that gives a real time update of the key operations in the company. For instance, the video wall technology provides real-time information on material flows, customer demands, and inventory position. Additionally, the technology permits the oil supply segment to respond promptly to the needs of the market and thus, build a strong competing edge for market shares. Henry and Springborg (2010, p. 122) ascertain that over the past decade the company has been adjusting its oil supply operations to ensure that the undertaking is consistent with changes in technology. Saudi Aramco board of directors has mandated this segment the role of planning supply networks that optimize profit through the employment of unparalleled visibility into all components of the supply chain (Saudi Aramco). In this regard, the company is able to expand its product portfolio, heighten globalization and fluctuate the needs of the customers. The organization makes these undertakings possible by integrating its operations with the worlds best data solutions such as the SAP which helps in identifying and managing inventory shortages (Fattouh, and El-Katiri, 2013, p. 114). Further, the planning segment has a role of developing optimal oil production plans that are consistent with the inventory shortages, supply cycles, and product frequency. According to Henry and Springborg ( 2010, p. 130), the triple point of supply and planning division enables enterprise-wide visibility into all components of the supply network and guarantees strong profit optimization capabilities that drive error free planning and boosts productivity. The oil supply, planning, and scheduling division has also the responsibility of identifying upcoming problems, evaluating their impacts, and formulating strategies designed to take corrective actions of transforming inventories and altering production timeframes (Saudi Aramco). These mandates are made possible by effective compliance and control that supports highly accurate estimation of different parameters such as unplanned shutdowns and challenges in the oil transportation system. Umbach (2010, p. 1225), alludes that the planning division integrates segments such as procurement, production, and replenishment scheduling in order to compare optimum inventory levels based on presently available chain management procedures. The responsibility and roles in this division are designed with an aim of maintaining the market share of the company, especially in the global market. Muralidhar (2010, p. 67) affirms that this segment of oil production and supply is highly competitive and companies in the industries must formulate unique marketing strategies in order to increase their market control and thus, optimize profit margins. Saudi Aramco Oil and Gas Company employs product differentiation, highly advanced technology, strong brand image, and huge market share as it strengths in the production and supply operation (Umbach, 2010, p. 1225). These strengths enable the oil production and supply division of this company to compete effectively for market share. RESEARCH AND DEVELOPMENT DIVISION Saudi Aramco oil and Gas Company uses this segment to develop measures and strategies designed to satisfy dynamic customer needs and therefore, maintain a strong a brand image. According to Saudi Aramco, the company established the research and development sector with a primary role of developing unique technologies significant in achieving its set objectives such as increasing oil discovery and heightening reservoir recovery by 20-percent. This division integrates technology team, laboratory specialists, and field professions in order to conduct in-house research and development (Muralidhar, 2010, p. 68). Umbach (2010, p. 1228), alludes that this division has a responsibility of collaborating with leading global institutions and companies in developing new concepts that can aid the company in minimizing operational costs or increasing the market share. For instance, this division introduced the idea of Resbots that paved the way for increased recovery rates and better management of the reservoir. Saudi Aramco affirms that this segment also has the responsibility of developing measures aimed at satisfying short, medium and long-term needs of the customers. In this regard, the division has the roles of desulfurizing crude oil, managing carbon releases, and investigating clean fuels. For instance, the segment administers a program of deploying and testing cutting-edge technology that heightens operational efficiency, reliability, and safety. Jaffe and Soligo ( 2010, p. 25) ascertain that this division applies a high level of expertise and ingenuity in formulating innovative concepts aimed at increasing the accessibility of its products to the customers and thus, enable it to compete effectively with other companies spending substantial capital in research and development. According to Muralidhar (2010, p. 66), the primary responsibilities of the research and development division is to develop breakthrough solutions for the present and speculated challenges facing the company. Saudi Aramco Oil and Gas Company uses this segment to conceptualize technological ideas that are critical in maintaining an accessible, affordable, and sustainable energy to the customers while scaling down greenhouse gas emissions (Mellahi, Demirbag, and Riddle, 2011, p. 408). The research and development sector is highly competitive with the majority of companies in the gas and oil industry spending a substantial amount of resources in developing strategies aimed at optimizing their profit margins through the implementation of cost-effective solutions to challenges in the energy sector. CONTRIBUTION OF SAUDI ARAMCO OIL AND GAS COMPANY TO THE LOCAL COMMUNITY Saudi Aramco Oil and Gas Company has made numerous contributions to the welfare of individuals living in Saudi Arabia. First, the organization has a unique environmental master plan to minimize environmental pollutants associated with the burning of hydrocarbons. Umbach (2010, p. 1229) ascertains that Saudi Aramco is the leading organization in minimizing CO2 and sulfur emission. According to Jaffe and Soligo (2010, p. 26), Saudi Aramco company has set up numerous community outreach programs designed to foster a healthy, safe and vibrant locality for rampant future development and progress. These programs have a primary objective of motivating individuals to become more engaged and active members of the locality. The company strives to create public awareness on important issues and inspires locals to contribute positively to economic and social development (Saudi Aramco). Saudi Aramco has made tremendous steps in advocating for a healthy community through the establishment of John Hopkins Aramco Healthcare (JHAH) (Spence, 2011, p. 92). The company uses the healthcare unit to enhance and support the health of their employees, dependents, and retirees. JHAH offers numerous preventive and wellness programs designed to enhance the quality of medical care experience for all members of the community. According to Umbach (2010, p. 1230), the healthcare unit uses highly advanced technology such as urology surgical system to better patient care and treatment. The company also contributes to the wellbeing of individuals in the locality by providing a subsidized home ownership program for their employees. Over the past six decades, the organization has financed more than 65, 000 new residents that incorporate energy efficiency, and green technology (Tordo, 2011, p. 100). Saudi Aramco also conducts periodical safety awareness campaigns aimed at cultivating safe driving habits through instilling skills, building emergency response capacity, and developing strategies that depress unsafe driving. Additionally, the company has spent substantial capital in implementing projects with the aim of improving the infrastructure of the local area. For instance, the company completed the Thuwai project and other two flood control channels (Muralidhar, 2010, p. 65). RECOMMENDATIONS Based on the literature reviewed in this paper, it will be worth for the company to increase the amount of capital it allocates for research and development particularly in oil processing and transportation technology. New discoveries will aid the organization in differentiating its product a strategy that will be significant in maintaining customer loyalty and brand image reputation. Further, the organization should ensure that the technology applied in oil production is environmentally friendly so as to minimize adverse impacts to the ecosystem. The management structure of any company has substantial positive impacts on the success of the organization. Saudi Aramco should strive to in-cooperate professionals with wide range of experience in the oil and gas industry in its leadership. These experts will be vital in implementing and conceptualizing key strategies that aid the company in competing effectively in the global market. CONCLUSION Saudi Aramco management structure is formulated with clear missions and targets that guide the operations of the cooperation. From the literature, the company undertakes its activities in a segmented manner in which each of the division has its unique roles and responsibilities. Companies in the oil and gas industry compete for market share through these divisions which steward major operations in the organizations. The environment influences the success of the oil and gas industry significantly. In this regard, the majority of companies undertakes various activities that contribute to the safeguarding of the ecosystem and enhancing the well-being of individuals in the community. References AbdulKarim, A., Al-Dhubaib, T.A., Elrafie, E.A. and Alamoudi, M 2010, Overview of Saudi Aramco's Intelligent Field Program. InSPE Intelligent Energy Conference and Exhibition. Society of Petroleum Engineers. AL Yousef, Y. and Stevens, P 2011, The cost of domestic energy prices to Saudi Arabia, Energy Policy,vol. 39, no. 11, pp. 6900-6905. Anderson Jr, I 2014, Aramco, the United States, and Saudi Arabia: A study of the dynamics of foreign oil policy, Princeton University Press, Princeton. De Graaff, N 2011, A global energy network: The expansion and integration of non triad national oil companies, Global Networks,11(2), pp. 262-283. Fattouh, B. and El-Katiri, L 2013, Energy subsidies in the Middle East and North Africa,Energy Strategy Reviews, vol. 2, no. 1, pp. 108-115. Henry, C. and Springborg, R 2010.Globalization and the Politics of Development in the Middle East(Vol. 1), Cambridge University Press, Cambridge. Jaffe, A. and Soligo, R 2010, State-backed financing in oil and gas projects: InGlobal energy governance, The new rules of the game vol. 2, no. 1,pp. 1-48. Kokal, S. and Al-Kaabi, A 2010, Enhanced oil recovery: challenges opportunities, World Petroleum Council: Official Publication,vol. 2, no. 1, pp.64-70. Losman, D 2010, The rentier state and national oil companies: An economic and political perspective, The Middle East Journal,vol. 4, no. 3, pp. 427-445. Mellahi, K., Demirbag, M. and Riddle, L 2011, Multinationals in the Middle East: Challenges and opportunities, Journal of World Business,vol. 46, no. 4, pp. 406-410. Muralidhar, K 2010, Enterprise risk management in the Middle East oil industry: an empirical investigation across GCC countries, International Journal of Energy Sector Management, vol. 4, no. 1, pp. 59-86. Saudi Aramco, viewed 28 July2016, https://www.saudiaramco.com/en/home.html: . Spence, D 2011, Corporate social responsibility in the oil and gas industry: The importance of reputational risk, Chi.-Kent L. vol. 1 no. 3, 86, pp. 89-100. Tordo, S 2011, National oil companies and value creation, World Bank Publications, Washington Umbach, F 2010, Global energy security and the implications for the EU, Energy Policy,vol. 38, no. 3, pp. 1229-1240. Ross, M 2011, Will oil drown the Arab Spring: Democracy and the resource curse, Foreign Affairs, vol. 4, no. 1 pp.2-7.

Tuesday, May 5, 2020

Filippo Brunelleschi Essay Example For Students

Filippo Brunelleschi Essay Use of perspective in art finds its root in one man, Filippo Brunelleschi. Although we dont know for sure, it is likely that Brunelleschi also invented linear, or scientific perspective. Donatellos The Feast of Herod is the earliest surviving example of scientific perspective, which is established through the use of a vanishing point, an imaginary single point on the page in which all the parallel lines meet. Donatellos Feast of Herod was a groundbreaking work by that days standards, and a complete failure in the fulfillment of compositional requirements of traditional classical or medieval standards. The focal point of the piece, the presentation of St. Johns head to Herod, is in the far left corner, and the crowd watching is clustered into the right corner. Upon examination of the action, however, Donatellos intention is clear; by placing the people in this way, the gesture and emotion of the scene is more implicit and effective. It is also more clearly established that the scene does not end at the focal point, it in fact continues off into every direction, an impression more clearly made with his use of scientific perspective. This window view into the scene was a radical step, and would influence how the picture plane was to be seen from that point on. Another important milestone in the history of perspective is Pietro Perudinos The Delivery of the Keys. Painted in 1482, this work employs a grave, symmetrical structure, a tool he used to emphasize the importance of the scene being represented: The authority of St. Peter as the first pope, and all of his successors, rests on his having received the keys to the Kingdom of Heaven from Christ himself. The onlookers are all rendered with powerfully individualized faces. Equally powerful is the vast expanse of the almost surreal background. The spatial clarity, established by the use of mathematically precise perspective, is the influence of Brunelleschi. Andrea Mantegna was another 15th century painter. He was a prodigy that rendered in paint with skill from the age of 16 on. With the painting St. James Led to His Execution Mantegna established himself as a person who wasnt afraid to break with traditional painting techniques, and adds a daring touch by painting from a ground up view of the scene. This was used because the painting was hung so tha the bottom of the painting was at the viewers eye level. Because of this the architecture looms intimidatingly, and is made more convincing by his use of scientific perspective. His desire for authenticity can be seen in every small detail, including the Roman soldiers costumes. It even extends to the use of wet drapery patterns, an invention of classical Greek sculpture that was then passed onto the Romans. We can also find a reference to Donatello in Mantegnas rendering of the lean, tense bodies of the Roman soldiers. The intensity that Mantegna establishes by using these techniques hardly fits the subject matter, as the condemned saint, on the way to his execution, stops to bless a paralytic man and command him to walk. The onlookers facial expressions and gesture hint at how deeply this sight has stirred them. Mantegna has even painted a violent scene erupting off to the right as the crowd becomes agitated. In writing this paper, I assumed that you assigned the paintings in the Met because of their accessibility to engineering students who may not have any art books. I knew of these works as important stepping stones in the modern use of perspective, and I felt the need to write.

Thursday, April 16, 2020

The Central Issue Regarding the Indian Removal Act free essay sample

The central issue regarding the Indian Removal Act is land and how to make everyone who occupied that land or wanted to occupy that land happy. My opinion on this matter is that Jackson issued the Indian Removal Act so white settlers could have more land, and Prestidigitation could move the Indians farther west. The problem with this proposal is he did not follow the rules of the act. All the Indian tribes were supposed to be moved voluntarily by the signing of treaties, but in fact they were not.This resulted in one-fourth of Cherokee Indians dying because they had to pick up and move 800 miles west. There were lives lost from suffering from cold, hunger, and diseases such as pneumonia, tuberculosis, smallpox, and cholera. Today, we recognize this forced move as the Trail of Tears. After President Jackson served two terms in office, Martin Van Burden was elected. President Van Burden saw that more white settlers were coming over, so he had the idea to move the Indians to reservations where they could live forever. We will write a custom essay sample on The Central Issue Regarding the Indian Removal Act or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I think that there was a better solution to all of this, maybe if the people of that time thought a little bit more about making everyone happy instead of just the settlers, lives could have been saved. The Cherokee Indians lived in the southern Appalachian Mountains: including western North and South Carolina, northern Georgia and Alabama, southwest Virginia, and the Cumberland Basin of Tennessee, Kentucky, and northern Alabama. There homes were wooden frames covered with woven vines and saplings plastered with mud. The Cherokee Indians were farmers. They grew all of there vegetables and wheat.They got there meat by hunting. Based on this information the Indian Removal Act was set up to hurt the Indians. The proposal I would have came up with is Cherokee Indians could have a 1,000 acres of land. On this land they could farm, hunt, and build homes. Also, my proposal would clearly state that no one could take this land or move in to this land with out permission from the head chief of the tribe. There would be papers to be sign by the President and the head chief of Cherokee tribe. Every one would be clear about the little details and no one could over ride the document once it is signed by both groups

Friday, March 13, 2020

Understanding the U.S. Electoral College

Understanding the U.S. Electoral College The number of electors in the Electoral College is established in the United States Constitution. First, within the context of the Constitution, the meaning of  college, as in the Electoral College, does not mean a school, but of a group of people organized toward a common goal. The Electoral College was set up in the Constitution as a compromise between election of the President by a vote in Congress and election of the President by a popular vote of citizens who are eligible to vote. The  12th Amendment expanded voting rights. The result was that the use of the popular vote in the States as the vehicle for selecting electors changed radically. According to the Constitution, the Founding Fathers determined that every state should be given votes equal to the number of senators and representatives in its U.S. Congressional delegation. This gives two votes for its senators in the U.S. Senate plus a number of votes equal to the number of its members in the U. S. House of Representatives. Therefore, every state has at least three electoral votes because even the smallest states have one representative and two senators. The number of any additional electoral votes per state is determined by the United States Census which is completed every ten years. After the Census, the number of representatives is reapportioned to reflect any changes in population. That can mean the number of electors each state can vary in different presidential elections. Because of the 23 Amendment, the District of Columbia is treated as a state and allocated three electors for purposes of the Electoral College. In total, there are 538 electors in the Electoral College. A majority of 270 electoral votes is required to elect the President.   There is no law that requires the Electors in the Electoral College to vote according to the results of the popular vote in their states. These decisions are made by each state where restrictions fall into two categories- Electors that are bound by state law and those that are bound by pledges to political parties. The U.S. National Archives and Records Administration  maintains a website dedicated to information regarding the Electoral College. The website lists the number of votes per state, the records of the Electoral College elections, and links to the Electoral College process in each state. There is also contact information for each Secretary of State on the National Association of Secretaries of State:  nass.org.   The Secretary of State of each state can provide information as to the voting procedure and whether or not the voting is open to the public. Currently, the state with the largest number of electoral votes is California with 55. The U.S. National Archives and Records Administration also offers a frequently asked question page with links such as the ones below: Why did the Founding Fathers create electors?How many total electoral votes are there?How many electoral votes does a candidate need to win?What happens if there is a tie in the electoral college?Why dont the candidates get a proportion of the electoral vote?If the states winner chooses electors, wont the person with the most votes win?Why have elections when the states winner receives all the electoral votes?

Tuesday, February 25, 2020

Marketing Law and Ethics Essay Example | Topics and Well Written Essays - 2500 words

Marketing Law and Ethics - Essay Example Marketing has become an authority in the society. It shows people the way to become models; images they see in various advertisements. The marketer tells us; buy it, use it. They also tell us; we can buy success, happiness and love with the advertised products, service and brands so that consumer also buys the life-style with the product. The advertisements have become the role of educators and family. While watching these advertisements, consumer compares the life he is watching and his own life and finds his life ordinary and meaningless. Because of this reason, the advertisements became an imitated model ethic is known as moral values and plays a role as social rules in a society. In today's world, in marketing, through advertisements the messages are given with help of the cultural differences, social class differences; also using color differences as a tool, so it is one of the biggest arguments of ethic. The most definite dilemma of modern-day advertising is its manipulation on the individual and societal growth, significance in formation of people's values in rapidly globalizing world. At the same time, mounting globalization process grounds seriously the query about the social accountability of business need essential deliberation of long-term benefit of consumers and society as a whole. It is important to note the reciprocity of advertising technological development process and scrutinizing of human rights and standards of living in the society. In other words, transformation in one way requires immediate change in other (Harris 2001). The world of advertising, made up of advertisers, agencies, the media and the various specialized services, constitutes an environment which is in a constant state of flux; examples include new marketing and advertising techniques, changing markets, changing consumer requirements, new products, new media and a constant turnover of staff. As well as the whole commerce industry, marketing has its own ethical problems. Several marketing experts or their representatives have deliberately confirmed and implemented different activities, assertions or set of laws concerning the requirement that marketing people believe ethics regulations and values, so that they become much more responsible towards the members of society (Brassington & Pettitt 2003). Most controversial cases in the legal system are the discrimination cases which base their allegations on race, color, gender, sexual orientation,national origin and religion, age. For years the mainstream media has cleanly pushed the idea that being darker as a person of color is thought to be inferior. Discrimination has diffused onto a wider massive scale. In an undeniably capitalist society, leading marketers and entrepreneurs use subtle suggestive means to accomplish their selfish, profitable motives. As in the case of promotional campaign of the world's largest cosmetics firm, based in France, L'Oreal, which specializes in perfumes, beauty aids, and related products. The ad-campaign featuring pop-star Beyonce Knowles for this cosmetics giant shows that all is not well with the face of its promotion. The company was accused of whitening Beyonce Knowles who has been the L'Oral Paris brand ambassador since 2001. The contract signed between the cosmetics company and the singer in 2001, was worth 2.4m ($4.7m) for five years. The contract stipulated that the singer had to work 10

Sunday, February 9, 2020

Ethics and Corporate Governance in Al Hilal Bank Term Paper

Ethics and Corporate Governance in Al Hilal Bank - Term Paper Example Responsibilities of the board should not be taken lightly. The overall responsibility of a bank is with the board including approving the banking strategies, risk strategies, corporate governance, and corporate values. All the financial soundness of the bank is on the board. The board should check the whole strategy of the bank taking into account all the risk and effective planning to reduce the risks and its capacity to cope with risks efficiently. The board must take into account and must know the legitimate interest of shareholders, stockholders, depositors, and their relevant customers. Also, the effective relationship with the supervisor should also be maintained properly. Board of directors should practice their duties of conduct and duties of loyalty followed by keeping up with a change in the bank’s business and external environment. A responsible behavior proves to be an essential foundation in good governance. So the board should carry its responsibilities effectively maintaining professional standards that ensure integrity for management and other employees. Low-key employees and other workers should be allowed to communicate about illegal and unethical practices as such practices can negatively impact on bank’s reputation and profile. Important steps should be taken to communicate throughout the bank and professional standers to without any danger report concerns or violation of any particular body. By applicable laws and regulations the board can elect and if necessary can replace the senior management if it sees that they are not performing their required task properly. The senior management actions and activities should be monitored consistently to check whether they are working in their frame. The meeting with senior management should be held regularly. A board should demand critical explanations and ask questions if found necessary related to their assigned tasks. It should make sure that senior management performance should be consistent with the long-term objective, banking strategies and financial soundness of a bank. Senior management expertise and knowledge should be appropriate given the nature of the bank and its profile.