Corporate governance for westpac Assignment Example | Topics and Well Written Essays - 1000 words

Corporate governance for westpac - Assignment Example In addition, it has profound implications at all the levels of an organization (Hill and Jones 27). Significantly, the document reveals that numerous scholars argue that strategic planning provides a mere and perhaps less relevant understanding of strategic decision making, thus, the increasing adaptive strategy. In response, this document provides a comprehensive critique to the existing literature against the perception of emerging trends as well as the pressures in the contemporary business world. Therefore, it has referred numerous sustainability competencies that suggest the need of capable consideration of holistic and systemic pressures predicting future scenarios and considering how numerous stakeholders would perceive normative business practices. The sources have revealed that the Westpac group ranks among the top listed financial companies on the Australian Securities Exchange (ASE): in September 2010 Westpac’s market capitalization realized E.5 billion (AUD). Addit ionally, it has five key diverse customers; significantly, it serves approximately, 12.8 million customers ranging from institutional, business and retail banking, wealth management, and insurance. For instance, there is the Westpac Institutional Bank (WIB), Westpac Retail and Business Banking (WRBB), and BT Financial Group (BTFG). The sources have further identified that sustainability plays a central position in Westpac’s vision. The vision states that the Westpac has become one of the largest firms in assisting consumers, communities and prosperous people. Significantly, the company recognizes the links between healthy societies and sustainable businesses. Accordingly, Westpac has managed its direct as well as indirect environmental impacts. It has put appropriate strategies of dealing with the critical issue, such as climate change. Significantly, the company has recognized that climatic change influences profoundly on economic, social, and environmental aspects in their operating regions. Consequently, the Westpac has considered such issues before embarking on their investments, lending, and operational decisions. Additionally, the company has

Cannabis Use Policy in the USA and Netherlands and Its Implication for Essay

Cannabis Use Policy in the USA and Netherlands and Its Implication for Policy Change in the UK - Essay Example Research studies on cannabis use policies have revealed that easing up on the penalties for using cannabis does not influence the use of other drugs nor does it change people’s outlooks towards the use of drugs. The research studies go on to illustrate that removing the penalties for cannabis use do not sway overall drug use, instead, it diminishes harm on cannabis users (Institute of Medicine 1999, p. 102). As a result, more countries are liberalizing their cannabis use policies and controlling its supply by putting structures in place to monitor drug use. Several states in the USA and Netherlands have adopted such policy changes in which marijuana use has been liberalized. Individuals who use marijuana in small no longer face criminal charges for possession and use of marijuana. Those in possession of large amounts are still liable to be prosecuted. They have, however, placed caps on the maximum amount of marijuana that an individual can possess at any given time. Cannabis is a drug produced from the Cannabis sativa plant and can be used in either of three forms; flower tops; leaves; and herbs. The three forms can then be processed into forms that make them easier to use. It is the most widely used drug globally (Villatoro 2009, p. 287). Cannabis international control was discussed in the United Nations Office of Drug and Crime 1961 single convention on Narcotics Drugs in which many governments signed the convention to make cannabis an illegal drug. It is important to note that despite cannabis possession and use being liberalized in some countries, no country has ever legalized cannabis use and possession. The only respite provided for cannabis users is that formal penalties for use of small amounts of cannabis, that are used personally, have been removed (Robin et al. 2010, p. 24; Spruit 2002, pp. 119-141).