PERSONAL INTEREST Every profession has sacred principles or ethics governing its operation or activities. Banking is no exception. Some of these principles defining sound banking behaviours are; 1. control mismatch between assets and liabilities 2. know your counterparty 3. expand cautiously into unfamiliar activities 4. avoidance of undue concentration of loans to a single activity‚ individuals and group But in a situation where banks all over the world are found wanting in terms
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this assessment‚ the audience will be going through the collective impact that Interest groups and lobbyists have in today’s lawmaking. If‚ and how the government should apply tougher restrictions‚ limitations and oversight on interest groups‚ who have access to greater funds‚ in an ability to allow all of our voices to count equally and account for the same amount of influence. The most basic definition of an interest group is the collection of individuals organized to influence public policy‚ primarily
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There are many different definitions for Conflict of Interest‚ but most all mean the same or point to the same direction. When gifts‚ outside activities such as consulting‚ or financial and fiduciary interest have potential to create a certain decision or commitment with a business it is considered conflict of interest. Although there are numerous definitions the one adopted by the Institute of Medicine is helpful. It states‚ “A conflict of interest is a set of circumstances that creates a risk that
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Money Banking and financial Markets‚ Interest Rates An interest rate is the rate at which interest is paid by borrowers for the use of money that they borrow from a lender. Specifically‚ the interest rate is a percent of principal paid a certain amount of times per period. Small companies often borrow capital from banks to buy new assets for its business‚ and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending
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Conflict of Interest 1 Running head: CONFLICT OF INTEREST Auditor Independence‚ Conflict of Interest‚ and the Unconscious Intrusion of Bias Don A. Moore Carnegie Mellon University 5000 Forbes Avenue Pittsburgh‚ PA 15213 don.moore@alumni.carleton.edu Phone: 412-268-5968 Fax: 412-269-7345 George Loewenstein Carnegie Mellon University Lloyd Tanlu Harvard University Max H. Bazerman Harvard University The authors gratefully acknowledge the financial support of the American Accounting Association
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Working Paper # 03-115 Rev. 09/04 Conflicts of Interest and the Case of Auditor Independence: Moral Seduction and Strategic Issue Cycling Don A. Moore Carnegie Mellon University Philip E. Tetlock Haas School of Business Lloyd Tanlu Harvard Business School Max H. Bazerman Harvard Business School This paper has benefited from the feedback of Art Brief‚ George Loewenstein‚ and three anonymous reviewers of an earlier version of the paper. This paper was supported by a grant from
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Paid volunteerism: Nowadays‚ some NGO’s started paying for volunteers. The reasons behind this are: * Due to difficult living situation‚ people insist on being paid for doing charity work. By doing this‚ people satisfy their humanitarian sense along with their monetary sense. Therefore‚ to encourage people to volunteer‚ organizations should pay to them small amount of money. Support: Frederick Schwarz‚ senior counsel at Cravath‚ claimed‚ “An organization and a person are simply more committed
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PASSIONS AND THE INTERESTS – ALBERT O. HIRSCHMAN As you can see‚ my segment of the presentation is divided into four parts. In the introduction I will attempt to re-emphasize a few key issues already mentioned by some of my fellow presenters. I will then consider how Hirschman continues to discuss the rise of capitalism in terms of what he coins: reflections on an episode of intellectual history. The next step will be to view some of the key names mentioned in the third part of the text. These
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In America most people generally think that blue collar workers are less intelligent than white collar or professional workers. Sadly this commonly held belief is just as prevalent today as it has ever been. In spite of the fact that there is evidence to the contrary this assumption still causes people to be stereotyped and treated differently. Mike Rose‚ in his article “Blue-Collar Brilliance”‚ reprinted in “They Say‚ I Say”‚ provides both personal examples and results of clinical tests that
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Have you ever seen how much teachers get stressed and how grumpy they get‚ no matter if they teach kindergarten or high school students? It’s probably because they’re thinking inside their heads “I do not get paid enough to do this.” In most opinions teachers don’t get paid as much as they are worth. Teachers are so important and are dying out because their pay is not efficient. Teachers basically are responsible for the future because of their students. Jen Hubley Luckwaldt says‚ “More than 80
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