Malcolm X Essay - 855 Words

Malcolm X was one of the most prominent and controversial leaders during the civil rights era of the 1950’s and 1960’s. By the early 1960’s he had grown frustrated with the non violent, integrated struggle for civil rights and worried that blacks would ultimately lose control of their own movement. Malcolm X was a key spokesman for the nation of Islam, epitomized the â€Å"Black Power† philosophy. Malcolm became an influential leader of the nation of islam, which combined Islam with black nationalism and sought to encourage and enfranchise disadvantaged young blacks searching for confidence in segregated america. He was born May 19,1925 in Omaha, NE. His family was frequently harassed by the Ku Klux Klan before he was even born. In his early†¦show more content†¦Dr. King once said â€Å" I feel that Malcolm X has done himself and our people a great disservice†. Philosophical differences with Dr. King were one thin; a breach with Elijah Muh ammad proved much more traumatic. In 1963, Malcolm became disillusioned when he learned his hero and mentor had violated many of his own teachings. He had multiple affairs and in fact, fathered several children in wedlock. Malcolm feeling of being betrayed led him to leave the Nation of Islam in 1964. That same year he went traveling in Africa and Middle East. The trip proved to be a turning point in his life. He learned to place the American Civil Rights Movement within the context of a global anti-colonial struggle and embracing Socialism. Malcolm X returned to the United States less angry and more optimistic about the prospects for peaceful resolution to Americas race problem. He said â€Å"The true brotherhood i had seen had influenced me to recognize that anger can blind human vision†. As soon as Malcolm X appeared to be embarking on an ideological transformation with the potential to get on the right path of the Civil rights Movement, he was assassinated. On the even ing of February 21,1965, at the Audobon Ballroom in Manhattan,where Malcolm X was about to deliver a speech, three gunmen rushed the stage and shot him fifteen times in black range. Malcolm was pronounced dead on arrival at Columbia Presbyterian Hospital shortly thereafter. The three men who wereShow MoreRelatedEssay on Malcolm X1346 Words   |  6 Pagesamong all of these leaders though, Malcolm X. Although fighting for the same thing as his colleagues in the civil rights movements, he was considered by many to represent the more extreme side of the battle for equality in the United States. It is his standout views and beliefs that make Malcolm X one of the most prominent and fascinating African-American leaders in the 1950s and 60s. Malcolm X was born May 19, 1925 in Omaha, Nebraska by the name of Malcolm Little. His childhood was plaguedRead More Malcolm X Essay746 Words   |  3 Pages nbsp;nbsp;nbsp;nbsp;nbsp;Malcom X was a man known widely for his strong beliefs. His willingness to accept the preaching of Elijah Muhammad and serve him loyaly, was due to his past experiences with the white man. Starting off as a boy in Lansing, next moving to Boston, then living in Harlem, his experinces with various white people shaped his belief system. Towards the end of his life, his interaction with group of very different white people on his pilgrimage brought about a change in hisRead MoreEssay on Malcolm X962 Words   |  4 PagesMalcolm X On May 19, 1925 Malcolm Little was born to Louise and Earl Little. He was born in Omaha, Nebraska. Malcolm was the seventh of eleven children. Malcolms father, Earl, was a Baptist minister from Reynolds, Georgia. His mother was raised in Grenada in the British West Indies. His father was also became an organizer for Marcus Garveys Universal Negro Improvement Association. Marcus Garvey and his followers fought for racial separation and more power for blacks. Growing up, MalcolmsRead More Malcolm X Essay1409 Words   |  6 PagesMalcolm X Malcolm X, a civil rights leader in the 1960s believed that blacks and whites should be segregated. He also believed that white man was evil and were trying to brainwash all blacks and that Martin Luther Kings non-violent protests werent working and that violence was needed for change. Malcolm Xs life was a life with a lot of conflict and violence in it. Malcolm X was born under the name of Malcolm Little in Omaha, Nebraska in 1925. His father was a baptist minister and anRead MoreEssay on Malcolm X1699 Words   |  7 Pages The Autobiography of Malcolm X by Alex Haley was published in 1965. It is national best seller about the life and times of Malcolm X. On May 19, 1925 Malcolm Little was born in Omaha, Nebraska. His father was a preacher who spoke out about the unity of black people. This caused several white racists to strike out against Malcolm’s father and his family violently. His family moved to Lansing, Michigan where Malcolm, his parents, brothers, and sisters were shot at, burned out of their home, harassedRead More malcolm x Essays1283 Words   |  6 Pages Malcolm X was a very interesting and complicated person. Throughout his life, Malcolm had exposure to practically every type of person the world had to offer. In his younger years, he excel led in his community predominately surrounded by whites. He then got into the hustling business within the black community which supplied for all types of people. After that, he joined the Nation of Islam, joining himself with many Muslims. Lastly, Malcolm went on a Hajj to Africa, where his communication withRead MoreEssay on Malcolm X1238 Words   |  5 Pagesis living every night in fear, the burning down of your home by the Ku Klux Klan and the â€Å"accidental† death of your father who’s head was detached from his own body? This is the only memory that comes to Malcolm Little from his childhood. Malcolm Little who is famously recognized as Malcolm X was born into a world of hatred on May 19, 1925 in Omaha Nebraska. His father was a freelance Baptist Preacher who incorporated the teaching of Black Nationalist leader Marcus Gravey. With continuous threatsRead MoreEssay on Malcolm X1889 Words   |  8 PagesMalcolm X Outline A man who stands for nothing will fall for anything. Thesis Statement: Malcolm  X was a courageous advocate for the rights of African Americans, a man who indicted white America in the harshest terms for its crimes against black Americans. Detractors accused him of preaching racism, black supremacy, anti-Semitism, and violence. Introduction I. Malcolm X opposed the mainstream civil rights movement, publicly calling for black separatism and rejecting nonviolence and integrationRead MoreEssay on Malcolm X2023 Words   |  9 PagesMalcolm X   Ã‚  Ã‚  Ã‚  Ã‚   Malcolm X was a man of strong words and beliefs. Some say that he was a man of hate and violence. Some also say that he was a smart man of hope and peace. Malcolm X‘s influence on people was felt more than it was alive rather than dead. Malcolm X was a major contributor to the black societies across the world. He fought for what he believed in and educated the young. Though his early life was full of up’s and downs he managed to, what some would say, â€Å"turn his life around†.Read MoreMalcolm X Essay1795 Words   |  8 Pageswas this man? Malcolm X, an 8th grade drop with a dead dad and a mentally unstable mom who started with a life of crime, but after learning about Islam, had a new outlook on things. An Ironic quote from Malcolm X is [If youre not ready to die for it, take the word freedom out of your vocabulary]. Malcolm X, a devout Muslim, who saw the injustices in the Muslim African American community, used his voice to fight for equality and freedom. Malcolm X or at the time was known as â€Å"Malcolm Little† was

What Is the Moral of the Scarlet Letter Essay - 952 Words

Nathaniel Hawthorne is famous for his long fictional work the scarlet letter in 1850, which is still considered as the most important work of him. The scarlet letter involves the presence of facts and figures to support the text and also includes the fictional work in the text. Hawthorne was actually inspired from the manuscripts he got in the custom house in Salem while he was working as an executive officer or the surveyor in custom house where the taxes are paid, their he found the documents and a manuscripts with the piece of cloth, a badge letter A. Hawthorne started to read the manuscripts and thought of writing the scarlet letter which was about a women called Hester Prynne. The scarlet letter is written in a way†¦show more content†¦During puritan age people were guided and molded by norms and values of god. When Hester Prynne lived in puritan society she was treated badly by all the people around her. For hester puritan society was evil she compared it as a hell for living. Puritan society followed strict laws and everyone was suppressed by the law, so that everyone will not commit sin or crime. For hester it was her worst nightmare being around the town and to wear the letter A to remind her of sin and guilt she should have. She committed sin without knowing the circumstances for her and her child and knowing the fact that puritans will punish her, humiliate her child and she will have to bear the public voices. There is no solution to escape from her sin as the society will not let her go. The society has the power and she should obey the punishment as the puritans have rights to prison her, so the strict puritan society is an important moral in the scarlet letter. Another important moral in the scarlet letter is the sin and the guilt of the Hester Prynne. Hester commits a crime which is great and she should be ready to face it. Hester being in love affairs has cost her life in prison. Being in affair with Dimmesdale a men whom she loved and got pregnant was not a small matter but what counts the most was that she was already married so these matter was big and no way for society to except her faults and she isShow MoreRelatedWhat Is the Moral of the Scarlet Letter Essay1116 Words   |  5 Pages The scarlet letter is a text written by Nathaniel Hawthorne in 1850 a fictional work which tells about the history of England during the puritan age and the story of women named Hester Prynne. The author feels this text as a romantic work because the text includes about love and the adulteress. The text involves facts and fiction of the author such as the â€Å"Custom-House is a fact and real, while the author was working as a surveyor in the Salem custom house inRead MoreSummary Of The Scarlet Letter 1329 Words   |  6 PagesJanuary 2016 Morality in The Scarlet Letter In The Scarlet Letter, Hawthorne describes many defining instances of different characters’ morality. Some of the characters’ opinions are very different, but the people of the town have a general morality that leads Hester Prynne and Arthur Dimmesdale to deal with their sins differently in public, than in private. First, Hester’s morality, is not very defined at the beginning. She seems as though she does not care what other people think of her. SheRead MoreSymbolism, Use Of Color, And Themes Of Nathaniel Hawthorne s The Scarlet Letter1657 Words   |  7 Pagesand Themes in The Scarlet Letter The Scarlet Letter is regarded as the first symbolic novel in American Literature for Nathaniel Hawthorne s skillful use of symbolism and allegory. The novel is also said to be the greatest accomplishment of American short story and is viewed as the first American psychological novel, which makes Hawthorne win an incomparable position in American Literature. Hawthorne’s â€Å"unique gift† for using this kind of skills taps into the roots of man s moral nature and givesRead MoreStereotypes in the Scarlet Letter1441 Words   |  6 Pagesnovel The Scarlet Letter that some dogmatic attempts by society to label a person by his or her actions in the past will fail. Subjectivity across the community and throughout time changes the meaning of a symbol society implements to control an idea. The scarlet letter â€Å"A† Hester Prynne wears exemplifies this. The town wants the object to arouse feelings of ignominy towards Hester; however, not everyone who meets Hester inter prets it the same way. The town originally regards the letters as a significationRead MoreEssay Sin, Guilt, and the Mind of Nathaniel Hawthorne1490 Words   |  6 PagesSin, Guilt, and the Mind of Nathaniel Hawthorne      Ã‚   Nathaniel Hawthornes works are notable for their treatment of guilt and the complexities of moral choices. Moral and religious concerns, in short, are almost always present in Hawthornes work(Foster, 56). Given Hawthornes background, it is not a stretch of the imagination to say that his novels are critiques of Puritanism. Hawthorne lived in the deeply scarred New England area, separated from Puritanism by only one generation. His grandfatherRead MoreSymbolism From The Scarlet Letter867 Words   |  4 PagesEmalee McCracken Mrs. Voshell Honors English 10 21 December 2016 Symbolism in The Scarlet Letter There are many forms of symbolism found in The Scarlet Letter. Hawthorne, the author uses his many forms of symbolism to project a lesson or moral created throughout the story. Even each of the main characters has a different moral representation. Guilt, repentance, purity, and strength each are shown through the eyes of a different character. Pear, Hester Prynne, Chillingworth, and Reverend DimmesdaleRead MoreSpheres in Scarlet Letter Essay1627 Words   |  7 Pagesare. Nathaniel Hawthorne also criticizes the Utopian ideals that societies often hold in his novel, The Scarlet Letter. The main character, Hester goes astray from the rules of her Puritan town and must wear a scarlet letter on her chest to declare her sin. The scarlet letter isolates Hester from the pressures to conform to society, giving her the opportunity to find her individualistic moral perspective in life and she shares this revelation with Dimmesdale. Hawthorne conveys this concept of individualismRead MoreBeing Earnest By Oscar Wilde1332 Words   |  6 Pagesindirectly connected to the idea of moral ambiguity that The Scarlet Letter portrays. Nathaniel Hawthorne’s classic novel The Scarlet Letter depicts the actuality of romance, sin, and revenge rooted in the 17th century American society. Strong Puritan beliefs of the characters in The Scarlet Letter created many different forms of moral ambiguity that can be described as illustrating both good and evil. Among the characters in the Scarlet letter with such moral struggle, Dimmesdale is presented toRead MoreIs the Scarlet Letter a Proto Feminist Novel1510 Words   |  7 Pages21, 2012 Is The Scarlet Letter a Proto Feminist Novel? â€Å"Is The Scarlet Letter a Proto Feminist Novel?† The Scarlet Letter is a very well-known novel, between the scandals and lies. It starts off with a woman named Hester Prynne. Hester decides to leave her husband behind to migrate to Boston. A couple years later, Hester gives birth to a baby girl named Pearl in prison. Hester refused to reveal the father of Pearl. The town then forces Hester to wear a scarlet letter A upon her dressRead MoreSymbolism Of The Scarlet Letter By Nathaniel Hawthorne923 Words   |  4 Pagesits exact connotation. In literature, the symbol can be a person, item, circumstance, or action that has a more profound significance in the writing. In The Scarlet Letter, by Nathaniel Hawthorne there are four main symbols that the reader would notice. The symbols include, the colors red and black, the meteor, Pearl, and the scarlet letter itself. Hawthorne uses symbolism in the novel to communicate his message. In this Puritan society a group of men and women gather around a door that is heavily

Priceline Business Model Free Essays

Priceline Business Model The core components of Priceline’s business model are based around their pioneered and patented reverse auction pricing model which is a unique offering within the travel market place. This innovative model allows consumers to purchase travel services at a discounted prices by trading off brand and features. Priceline uses a business model known as brokerage model where a business creates their own market by bringing buyers and sellers together. We will write a custom essay sample on Priceline Business Model or any similar topic only for you Order Now Priceline operate as the middle man or broker bringing the two parties together in a seamless and friendly manner. Revenue is earned based on the difference between the â€Å"Name your own price† amount entered by the customer and the amount charged by the service provider such as the airline. A more traditional travel agency model is also used by them offering a list of prices the customer can choose from and in this case Priceline receives a commission/agents fee. Is the Priceline Model a sustainable one? ?During Priceline’s early start up days they experimented with variations of its business model by offering groceries and gasoline, which initially had negative impacts on profitability. However Priceline’s management was able to adapt and focus their model so that it started producing significant returns. ?Priceline improved from a $1 billion loss to a profit of over $10 million between the years of 1999 to 2003. Since 2003 Priceline has continued to be profitable and grow, increasing its stock price over 27 times from its lowest to slightly under $200 USD in 2010 and is now sporting a market valuation of $8. 8 billion. ? Additionally Priceline announced a ground breaking hotel price guarantee that pays customers a nominal reward if they find a lower price than the one offered by Priceline. ?As part of their expansion and growth they recently acquired the multinational car hire reservation service TravelJigsaw to provide more their value added services to their customers. Although the travel industry is saturated and has ever increasing competition, the population of the internet and those willing to buy goods and services over the web also continues to grow. Priceline Model- Changes Priceline has changed its business model since 2007 focusing more on traditional online reservation services. Customers have the flexibility to select from brand and features rather than their more restrictive an d discount â€Å"Name your own price† model. The Priceline website is now organized much like those of its competitors. Customers can still choose to bid, but this is no longer the only option. Value for money remains high, strengthened by elimination of booking fees, while service quality has improved. Priceline also continues to strive towards providing customers with a superior user-friendly service such as the launch in Jan 2009 of a The Travel Ekspert blog providing advice to consumers and also offering over 2. 5 million hotel reviews (PhoCusWright) How to cite Priceline Business Model, Papers

Corporate Governance for Managers Stakeholders Company

Question: Describe about the Corporate Governance for Managers for Stakeholders Company. Answer: Part 1 Executive Summary Corporate governance is the manner in which the organization is control and directed and contains a system of rules, processes and practices. And it is mainly concerned with balancing the interests of the stakeholders of the company. The Anglo-American model of corporate governance is based on the interests of the shareholders. It is also known as the unitary system, as this model relies upon a single-tired Board of Directors, where the dominance is of the non-executive directors, who have been elected by the shareholders (Mallin, 2011). Introduction The Anglo-American model of corporate governance is shareholder oriented. In this model, there is a bias towards the shareholders of the company over the other stakeholders. Though, there is a justification for this bias, as in most cases such other stakeholders have recourses to protect their interests, for instance through contractual agreements, but in cases of shareholders, they remain unprotected as the activities and management decisions are unpredicted (Emerging Markets ESG, 2005). This model has been mostly adopted by the corporate governance systems in the US and the UK, and countries of Asia and Europe have mostly been inclined towards the stakeholder-oriented model (Singh, 2016). But with time, a trend of global convergence has emerged. In the following parts, the shareholder orientation of the Anglo-American model of corporate governance, for global application has been assessed. Further, some recommendations are also provided for the OECD regarding the best policies which can be adopted for the promotion of global convergence of the corporate governance practices. Shareholder orientation for global application In the present world of globalization, there is diversity in the political, legal, social and cultural systems across the nations. And it is a known fact that the countries are interdependent on each other. This is the reason why the Anglo-American model of corporate governance is gaining popularity (Singh, 2016). This model brings unity to the political, legal, social and cultural system of the world and provides a solution to the disparity of systems. In the era of the mid 90s, the discussion began on the matter that the corporate governance code were moving towards the adoption of this model, due to its peculiar characteristics of the shareholder value norms, the one tier boards, and the low ownership concentration (Singh, 2016). Even with the presence of stark level of differences in the corporate governance codes across the globe, the convergence was emerging, and the reasons given for this were globalization, advent of significant foreign investors, and the liberalization of the markets. The mechanism, as well as, the framework of the corporation governance is varied from country to country, and even from company to company (Singh, 2016). The objectives of the company, along with the political, social, legal, and economic situation of the country influence the mechanisms of governance of such companies. Due to the shareholder orientation of the Anglo-American model, more and more countries are adopting it. One of the reasons for the adoption of this method by different countries is because this method helps in solving some of the persisting problems. This model helps in monitoring by the market for regulation, as well as, for corporate control. Moreover, it also forces the managers to follow the interests of the shareholders. And since the civil laws of such nations are reliant upon the interests of the employees, creditors and shareholders, this model helps in a compliance of such norms (Palmer, 2011). Moreover, scholars believe that this model not only benefits the countries, but the companies as well. Due to the increase in globalization, there is diversity in the social, legal, political and cultural systems across the glove. This model provides uniformity in these systems and helps in increasing the competing ability of the companies across the globe. And so, a convergence in the global market would result in the increased interdependence of the financial markets across the globe (Singh, 2016). The proponents of convergence also believe that the Anglo-American model is the most efficient and preferred one, due to its orientation towards the shareholders. But there are people who oppose this model, as it leaves out the other stakeholders (Lee, 2009). And due to this, this model is still not adopted all over the world. Some opponents argue that such a convergence is not favorable due to the dependency it creates, of the nations over each other. The other point highlighted by the opponents of this model is the successful example of Germany and Japan, who have adopted corporate governance systems which are not shareholder-oriented (Clarke, 2016). Also, there is the example of the unsuccessful implementation of this model in India, where the model was converged on a formal level, but was never effectively implemented. So, the uniformity was never achieved in India (Afsharipour, 2009). Hence, the convergence can be limited and the transmission from one system to another, which is a highly complex one, and which requires institutional, political and social changes, can be difficult; and this is another limitation of the convergence of the Anglo-American model. It is crucial to note here that the failure of this model in India was due to the failure of implementation, and not of the model itself. Also, the German, as well as, Japanese governance systems are facing pressure to deliver the shareholder value, especially related to the overseas investment institutions, and are facing demands for an increase in transparency, as well as, disclosures from both the investors, and regulators (Clarke, 2016). This issue is not a problem in the Anglo-American model and hence, even after its criticism, is the best model for convergence. Conclusion From the above analysis, it is quite clear that the shareholder orientation of the Anglo American model has made it famous across the globe, and more and more countries are looking at adoption of this model in their governance systems. Even the criticism and opposing points provided by its challengers prove meek. This model helps in uniting the diversity of the globally present systems and benefits the countries and the corporations, by being shareholder oriented. Recommendations It is recommended to the OCED that in order to promote, as well as, to advance the global convergence of the corporate governance practices, it should: Develop such valuation standards which are of high quality, and are internationally accepted. Such standards should be developed by an independent standard-setting board. Conducting peer reviews to promote the convergence in the competitive regimes. The adoption, as well as, the implementation of supporting activities. An active engagement of the member professional bodies, which are responsible for valuation, so as to promote the ethical standards, along with consistent competency. A member bodies compliance program (International Federation of Accountants, 2012). Apart from these, OCED should also work on improving the international competition ecosystem, so that the international trade agenda can be reinforced, and uniformity could be established. This can be done by raising the multi-dimensional awareness, by enhancing the coordination of the competition policy and its collaboration at the global level, and by working towards a regional or bilateral dispute resolution, and appeal mechanism. Lastly, OCED should harness its technical capabilities, along with its networking abilities, so as to develop and strengthen these recommendations, as well as, the best practices in this area (International Centre for Trade and Sustainable Development, 2016). Part 2 Executive Summary Venture capital is one of the ways, in which a new business or a business looking for growth attains funding. Such funds come from the venture capital firms, who are specialists in building the high risk financial portfolios. SMEs or the small and medium sized enterprises are such businesses, where the number of employees is less than a certain limit. As is in the case of any other company, to grow, an SME needs funds. And investments, especially in form of equity capital, are the best way to attain such funds. Introduction In the emerging markets, a marked increase has been seen in the number of companies, which are using the public equity markets for the very first time, by using the IPO or the Initial Public Offering. These growth companies have the capability to break away from the stagnant state of being a small or medium-sized enterprise. Nearly half of the equity capital, which has been raised across the world, by using the IPOs, since the 2008, has come from the emerging markets (OECD, 2015). Though, attaining such investments is not an easy task. The investors have to be sure about the company they invest in and this is where corporate governance plays a crucial role (OECD, 2015). In the following parts, the transition of the corporate governance practices of a SME to a company, which is ready for the IPO, has been discussed. Also, some recommendations have been made for the management committee of the venture capital fund, regarding the best corporate governance practices which should be introduced in all the entrepreneurial growth SME companies, where the venture capital fund is willing to invest. Transition of Corporate Governance Practices The large public companies are usually associated with the issues related to corporate governance. This is because the stakeholders interests are widespread in such companies, and they have different expectation, as well as objectives which have to be considered by the companies board of directors. But in the case of SMEs, the corporate governance practices are minimal or non-existent (Dzigba, 2015). This is mostly due to the lack of separation in the ownership and control of the SMEs, which is present in the case of large companies. But when it comes to a growing SME, which is in need of funds, and is interested in an IPO, it has to attract investments. Such investments are mostly brought by the venture capital funds. And an investor would invest in the company only if it follows a proper governance practice (OECD, 2015). And so the corporate governance issues for such an SME changes from that of a family business based SME. Such an SME would adopt the best practices of the corporate governance, especially the ones which are adopted by the larger public companies, during their phase of growth. The best governance practices, which can be utilized by such an SME, involve an adoption of the OCED issued Principles of Corporate Governance (OECD, 2015). Some of the other governance practices, which could help an SME in attracting more investors, have been summarized in the table below: Attributes of Governance Best Practices examples Transparency and Disclosure The information must be prepared, as well as, disclosed as per the high quality standards of financial and non financial disclosures, and accounting. The external auditors have to be accountable to the shareholders. They also owe a duty to exercise duel care to the company, while conducting the audit. The annual audit should be conducted by qualified, independent, as well as, competent auditor, as per the international standards on auditing (IFC Corporate Governance, 2016). An equal, cost efficient and timely access to the relevant information should be provided by the channels responsible for disseminating information. Ensuring high standards of governance and transparency in the listing process, by regularly monitoring and enforcement. Communication of the governance strategies in a clear and transparent manner to the potential investors, and regulators, both before and after the IPO. The risk management policy of the company should be disclosed to satisfy the investors regarding the clarity of the company in dealing with any risk (Hay Group Limited, 2015). Shareholder Rights Charter, by-laws, as well as governance codes of the company should provide a clear protection to the minority shareholders. Such code of conduct of the company should also set out clearly the process to report or deal with a non compliance, along with policies which attract shareholders attention, for instance the whistleblower policy (McInnes Cooper, 2016). Shared agenda, along with proper notice of the shareholders meeting should be provided. There should be a clarity regarding the rights of different classes of shares, for instance, the clarity regarding the class having the voting rights or economic rights. The ability of participating, as well as, voting at shareholders meeting in a meaningful manner. An equitable treatment should be given in the changes of control, for instance, the tag-along rights. A fair treatment is necessary for disclosure of information, for instance, the conflict of interest, material shareholder agreements (IFC Corporate Governance, 2016). Board of Directors The board should be composed of a proper mix of professional skills. For instance, one director can be an expert in marketing strategies, and two of the directors can have expertise in the international financial markets or expertise in audit committee requirements (Sandler and Hall, 2014). The independence component of the board has to be strong. The accountability of the board, along with the senior management as to be fixed (Yu and Rudge, 2014). The roles of CEO and the chairman should be separate. Peer review of the directors, along with periodic evaluation. Meetings should be held regularly, and agenda of such meetings should be properly circulated. Proper committees of board should be established to manage the key areas. For instance the audit committee, the nomination committee, or the remuneration committee. The board has the responsibility for risk, and so the nature and extent of any significant risk sound be dealt by formulating a sound internal control system and risk management policy (London Stock Exchange, 2012). The independence of such committees of the board also has to be ensured. Directors should be constantly educated and the new directors should also be educated, regarding the company. Having transparent, as well as, properly articulated succession plans for the major board positions. The role, responsibilities of all the board members, along with the committee members has to be chalked out in clear terms (EY, 2016). Conclusion As highlighted above, an SME does not generally follow the corporate governance norms when they are in their initial stages. But, when such an SME has to attract investors for IPO, it has to make the transition from nearly no corporate governance practices, to the adoption of best corporate governance practices. This is because an organization which complies with best practices of governance, builds a positive image in the minds of the potential investors, which includes a venture capital fund. Recommendations On the basis of above conclusion, it is recommended to the venture fund that it should introduce the tabulated practices in all of its growing SME companies, in which it is looking to invest. This would ensure that the company works in a transparent and accountable manner, and the investment would reap benefits. References Afsharipour, A. (2009) Corporate Governance Convergence: Lessons from the Indian Experience. Northwestern Journal of International Law Business, 29(3), pp. 335-402. Clarke, T. (2016) The continuing diversity of corporate governance: Theories of convergence and variety. Ephemera: Theory Politics In Organization, 16(1), pp. 19-52. Dzigba, D. (2015) Corporate Governance Practice among Small and Medium Scale Enterprises (SMEs) in Ghana; Impact on Access to Credit. [Online] Diva. Available from: https://www.diva-portal.org/smash/get/diva2:829172/FULLTEXT01.pdf [Accessed on: 02/11/16] Emerging Markets ESG. (2005) Three Models of Corporate Governance from Developed Capital Markets. [Online] Emerging Markets ESG. Available from: https://www.emergingmarketsesg.net/esg/wp-content/uploads/2011/01/Three-Models-of-Corporate-Governance-January-2009.pdf [Accessed on: 02/11/16] (2016) IPO corporate governance: Then and now. [Online] EY. Available from: https://www.ey.com/gl/en/issues/governance-and-reporting/ey-ipo-corporate-governance-then-and-now [Accessed on: 02/11/16] Hay Group Limited. (2015) 2015 Corporate Governance Best Practices Report. [Online] Hay Group Limited. Available from: https://www.haygroup.com/downloads/ca/2015%20Corporate%20Governance%20Best%20Practices%20Report.pdf [Accessed on: 02/11/16] IFC Corporate Governance. (2016) Getting Ready for an IPO. [Online] SME Toolkit. Available from: https://www.smetoolkit.org/smetoolkit/en/content/en/6755/Getting-Ready-for-an-IPO [Accessed on: 02/11/16] International Centre for Trade and Sustainable Development. (2016) Competition Policy and Trade in the Global Economy: Towards an Integrated Approach. [Online] International Centre for Trade and Sustainable Development. Available from: https://www3.weforum.org/docs/E15/WEF_Competitition_Policy_Trade_Global_Economy_Towards_Integrated_Approach_report_2015_1401.pdf [Accessed on: 02/11/16] International Federation of Accountants. (2012) Global Regulatory Convergence and the Accountancy Profession. [Online] International Centre for Trade and Sustainable Development. Available from: https://www.ifac.org/system/files/publications/files/PPP6-Global-Regulatory-Convergence_0.pdf [Accessed on: 02/11/16] Lee, S.H. (2009) Global Convergence of Corporate Governance and Its Limits. The Asian Business lawyer, 3(67), pp. 67-91. London Stock Exchange. (2012) Corporate Governance. [Online] PwC. Available from: https://www.pwc.com/gx/en/audit-services/corporate-reporting/assets/pwc-london-stock-exchange-corporate-governance-guide-pdf.pdf [Accessed on: 02/11/16] Mallin, C.A. (2011) Handbook on International Corporate Governance: Country Analyses. 2nd ed. MA, USA: Edward Elgar Publishing. McInnes Cooper. (2016) The Top 5 Corporate Governance Best Practices That Benefit Every Company. [Online] Hay Group Limited. Available from: https://www.mcinnescooper.com/publications/legal-update-the-top-5-corporate-governance-best-practices-that-benefit-every-company/ [Accessed on: 02/11/16] OECD. (2015) Growth Companies, Access to Capital Markets and Corporate Governance. [Online] OECD. Available from: https://www.oecd.org/g20/topics/framework-strong-sustainable-balanced-growth/OECD-Growth-Companies-Access-to-Capital-Markets-and-Corporate-Governance.pdf [Accessed on: 02/11/16] Palmer, C. (2011) Has The Worldwide Convergence On The Anglo-American Style Shareholder Model Of Corporate Law Yet Been. Opticon1826, 11. Available from: https://www.ucl.ac.uk/opticon1826/currentissue/articles/Palmer_Issue11_Opticon1826.pdf [Accessed on: 02/11/16] Sandler, R.J., and Hall, J.A. (2014) Corporate Governance Practices in IPOs. [Online] Davis Polk Wardwell LLP. Available from: https://www.davispolk.com/sites/default/files/sandler.hall_.%20Corp.Gov_.Advisor.article.aug14.PDF [Accessed on: 02/11/16] Singh, P. (2016) Convergence or Divergence in Codes of Corporate Governance: A Cross Border Analysis. [Online] Racolb Legal. Available from: https://racolblegal.com/convergence-or-divergence-in-codes-of-corporate-governance-a-cross-border-analysis/#_ftnref13 [Accessed on: 02/11/16] Yu, B., and Rudge, L. (2014) Hong Kong Corporate Governance: Hong Kong Corporate Governance: a practical guide a practical guide. [Online] White Page Ltd. Available from: https://www.hkcg2014.com/pdf/hong-kong-corporate-governance-a-practical-guide.pdf [Accessed on: 02/11/16]