Cigarettes: United States Constitution and American Medical Association Essay

Should the production and sale of cigarettes be made illegal? Cigarettes have had a declining reputation ever since they were linked to various forms of cancer, and other debilitating conditions. Cigarettes were not seen as harmful until public awareness was raised about the issue. Now, there are many advocates for cigarettes and many against them, but does the government have the right to make decisions for the public? Sadly, in the democracy we live in today, there is not much democracy at all. If the government wanted cigarettes to be banned, cigarettes would be banned. The government follows its own agenda, regardless of the general public opinion. The government will always find a way to put a facade over the law and argue that no rights are being violated. According to the United States Constitution, under the authority of Article 1, Section 8, Clause 3, better known as the commerce clause, it reads, â€Å"The congress shall have power †¦ To regulate commerce with foreign nations, and among the several states, and with the Indian tribes†¦Ã¢â‚¬ . This states that the federal government has the authority to govern and regulate any commerce within the states. Article one also states, â€Å"The congress shall have power†¦ provide for the common defense and general welfare of the United States†¦Ã¢â‚¬ . So if the government decided to ban cigarettes they could use this Article to argue that they are looking out for the best of the public. It is under this law that the government is able to place bans on uncontrolled substances as well. So, if the Supreme Court holds power to ban an uncontrolled substance, like marijuana, but not cigarettes, it would be inconsistent. If it has the power to ban one, it has the power to ban both, under United States law. Both marijuana and cigarettes are considered parts of commerce amongst the states, so the federal government is able to place bans where they find applicable on both. How constitutional this is is infinitely arguable, and all bans placed on uncontrolled substances have been narrowly constitutional; however, it is the law. Cigarettes should not be banned because of the amount of money the government would lose from tobacco taxes. The government makes a considerable amount of money every year from cigarette taxes. Banning cigarettes would also create a black-market for the product and cause more trouble than good. Also, a ban on cigarettes would cause an increase in unemployment worldwide. Even with tens of thousands of people becoming unemployed, the potential for black-market cigarette retail, and a proportional loss in revenue for the government, critics argue cigarettes need to be banned. The problem with these critics is that their points of argument are thin at best, and fail to give substantial reasons for banning cigarettes. Most notably, the outcry of non-smokers claiming they have to pay extra taxes for old-aged smokers that have acquired costly health problems. An interesting proposal when there are so many studies that suggest the opposite. An article from The Journal of the American Medical Association suggests that in order to have full fairness, smokers should be paid between 22 cents and $1. 28 by non-smokers for each pack smoked. This would balance out the societal costs and savings from the smokers habits (Manning 261:1604). So, while statistics say smokers get cancers, heart disease and other conditions that require costly care at a younger age, the same statistics state that smokers die at an earlier age. Therefore, they are not collecting their full potential of pension and social security benefits in their older age. They also do not cause long-term geriatric or nursing home bills like non-smokers do. Another point to make is that when a non-smoker gets lung cancer it is blamed on genetics, but when a smoker gets lung cancer it is assumed it was from smoking. Who is to say that the smoker’s lung cancer was not genetics as well? It should also be noted that lung cancer is a quick, degenerative form of cancer that kills fast which again, supports the claim that smokers cost less for taxpayers. The American Medical Association was not the only organization making these claims. Later in 1993, The U. S.  Office of Technology Assessment stated, â€Å"Reduction or elimination of smoking would improve health and extend longevity, but may not lead to savings in health care costs. In fact, significant reductions in smoking prevalence and the attendant increase in life expectancy could lead to future increases in total medical spending, in Medicare program outlays, and in the budgets of the social security†¦Ã¢â‚¬  (OTA 60). If that is not enough to convince one, the Congressional Research Service conducted a similar study with similar conclusions in 1994 which was then published in 1997 in the reputable New England Journal of Medicine. The Congressional Research Service stated, â€Å"Health care costs for smokers at a given age are as much as 40 percent higher than those for nonsmokers, but in a population in which no one smoked the costs would be 7 percent higher among men and 4 percent higher among women than the costs in the current mixed population of smokers and nonsmokers. If all smokers quit, health care costs would be lower at first, but after 15 years they would become higher than at present. In the long term, complete smoking cessation would produce a net increase in health care costs† (Barendregt et al 337). If you are interested in learning more about cigarette smokers and their cost to the public, read From Cash Crop to Cash Cow, by W. Kip Viscusi. So smokers end up not costing as much as the public thinks in terms of healthcare, but what are some other reasons cigarettes should not be banned? How about the large chunk of money the government would lose from tobacco taxes? This is a very valid point seeing how revenue from tobacco taxes are used by the government as funding for hospitals, schools and other public amenities. Banning cigarettes would directly affect the amount of money the government has for these building costs. This would have a negative effect on the general public, particularly, their wallets. According to the United States treasury, in their fiscal year 2013 budget planning documents, the total federal revenue for tobacco is mentioned at over fifteen billion dollars for 2011. (U. S. Dept. of Treasury 16). With a lack of money coming from tobacco sales, the government would have to find another way to get funding for these projects and that would become evident with increases in property, income or alcohol taxes. Banning cigarettes would cause a general disturbance amongst smokers. To be able to smoke freely one day then for it to become illegal the next day would cause a lot of commotion. Harmless people in society would soon turn to illegal activities, such as smoking a cigarette, and be prosecuted for it. People are addicted to cigarettes, so a ban would not stand in the way of a lot of smokers trying to get what they want. Not only would there be a lot of irritable citizens, there would be a lot of productive and useful citizens being booked for petty crimes like possessing cigarettes. A black-market would ensue the ban and cause more trouble for the government than good. Foreign countries notorious for black-market activity would hop on the bandwagon as soon as they got word of the ban and start selling cigarettes illegally to under the table distributors in the United States. In the end, the government would end up spending more money monitoring the illegal sales of cigarettes instead of spending it on more beneficial things to society like finding and prosecuting murderers, kingpins, and organized crime. Overall, it would not be worth it. Loss of jobs needs to be accounted for as well. Not just the cigarette industry but also all the workers that contribute to the process of making a pack and selling it to distributors. There are people employed to make the cardboard-like cigarette boxes, people employed to make the paper that wraps around the cigarettes, people employed that make the designs on the packs, people employed to make the cellophane that wraps the outside of the pack. Also the truck drivers that deliver the cigarettes, and the engineers that keep the machines running in the cigarette factories, and the people who harvest tobacco, and all of the executive positions within all of these companies. The North Carolina Department of Agriculture and Consumer Services stated 662,400 people are employed with tobacco related jobs in the United States alone and worldwide, in the tens of millions (NCDA&CS 2). What people against cigarettes do not realize is how far the ban would reach and affect the livelihoods of a massive amount of people across the globe. Banning cigarettes would cause more problems and be another thing to worry about for the government and the citizens. The government would lose money from its tobacco tax, a black-market for cigarettes would be made, forcing the government to take action, and most importantly tens of millions of employed people would be without a job. It would not make sense to stir up commotion because a few people are concerned about health risks or smokers causing extra taxation for healthcare. As stated before, smokers cost less than non-smokers and a complete cessation of smoking would cause an increase in health care taxes in the long run. For the critics saying how bad smoking is for someone’s health, they have no authority to tell people how they should live their lives. People have the freedom to choose what they do to their bodies. The general public is able to make their own decisions and the government should not be able to make decisions for the public in regards to what they put in to their bodies. Even though constitutional law saws congress has the power to make choices for the welfare of its citizens, it still should not be allowed. What personal freedoms do we have if the government starts telling us we cannot smoke cigarettes? Soon they will be telling us to stop eating so much and sleeping so little. The government will say it is for the better of the people and that they are trying to keep the public healthy, but since when does the government genuinely care about the public? The government runs its own agenda regardless of the public. It is well known that the government is not planning on banning cigarettes anytime soon. Whichever party is responsible for that decision will lose a very large amount of its support network and neither political party is willing to take that risk. Plus why take that risk when there is a chance for the government to make more money by increasing cigarette taxes? The government just wants money. The government is addicted to cigarette taxes as much as smokers are to cigarettes.

Globalization of health care Essay

The world, as you know it, has changed as a result of globalization. Local or nationalistic perspectives is transforming to broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. To be more specific, due to the development of transportation and telecommunication that the globalization plays an important role of life is irreversible. It presents in plenty of aspects of life, namely trade, culture, tourism, sports, medical treatment,†¦ People now find it much easier struggling to deal with things, ranging from daily demands to huge decisions not only domestically but internationally as well thanks to the advanced technology brought about by efforts of nations. For example, contacting with friends, even visually in distance is just like a piece of cake with a mobile phone or laptop. In terms of transports, it now allows you to make it to the opposite side of the Earth within few days. Concerning health care, receiving the same quality treatment but lower cost is not unthinkable, it is a reality to developed citizens who dare travel to developing areas. Our group chose this name because it was the first potential name crossing our minds after the question was raised. In order to adapt to the world, it is essential that you first of all become a globalized student. Approaching the globalization requires general and detailed knowledge of specific fields. For instance; if you want to send an email, then you learn how to write an email; if you want to call a partner, then you must have the numbers; if you want to use airplane service, then you must know how to make it to the waiting lounge. Simply speaking, you want to fly, you must have wings first. We not only hope for the best but also prepare for the worst. How does this name relates to International Business? Plainly in evidence that chapter 1 of the subject tells the importance of the name. It represents not only as the foundation of the study but as the future of how students establish their points of views towards economic, financial, trade, and communications integration. Students planning to work in multinational enterprises or run their own business have to master and learn how to be a globalized students in the range of university,  specifically in class of home before any further matters can be discussed. Frankly speaking, learn how to swim well at pool first or else you are going to be drown in deep ocean. 1.A decade ago the idea that medical procedures might move offshore was unthinkable. Today it is a reality. What trends have facilitated this process? The conventional concept of receiving medical treatment abroad some decades ago was something rare or even unthinkable. However, in recent years, this whole traditional idea has completely changed. The trend has shifted dramatically from the point which the citizens of many countries traveled to the United States and to the developed countries of Europe to seek the expertise and advanced technology available in leading medical centers, to the situation nowadays wherein citizens of highly developed countries choose to bypass care offered in their own communities and travel to less developed areas of the world to receive a wide variety of medical services. This significant change is brought about by the two main factors: the relentless development of technology and the cost advantage The relentless development of technology The 21th century has witnessed many outstanding breakthroughs in technology, especially in telecommunication, transportation and medical field. The development in telecommunication, in which the Internet is the biggest example, allows medical treatment abroad to be carried out in a faster and more convenient way. For example, with Internet, radiologists in the US can beam images to India where they could be interpreted by the Indian counterparts. Moreover, since India is on the opposite side of the globe, the interpretation of the images could be done while it was nighttime in the United States and be ready for the attending physician the following morning. Also, the advance of transportation makes possible the travel from one country to another in the shortest time and the least expensive way. Furthermore, the improvement in the medical field also provides developing countries to not only develop their domestic health care services but also expose to higher technological equipment. This contributes to the expansion of a global health care supply chain. As a result for people who seek overseas medical treatment, they can get access to a more various marketplace that provide the services. Some typical examples are India, Thailand, †¦ The cost advantage Although technological advance plays an important role in bringing about the overseas medical treatment, still the strongest driving force that facilitated the globalization of health care is the cost. In developed countries such as the US, the expenses are far greater than that of those provided in less developed or developing countries. This alone has persuaded a large amount of patients to find treatment elsewhere. In fact, it also gave birth to a new trend which is called â€Å"medical tourism†, wherein patients would visit a foreign land to receive complex, sophisticated and often serious medical or surgical care. Following the treatment the â€Å"tourist† can experience personal medical attention in a luxurious setting with first class accommodation and subsequently has the chance to enjoy vacation for a short time before going back home. Howard Staab is an ideal example for this cost advantage. Mr. Staab underwent a leaking heart valve surgery in New Delhi and toured the Taj Mahah afterward with the total price of $10.000, which is a lot cheaper than the $60.000 cost alone for the operation cost in the US, without the visit to the Taj Mahal. Others Besides the two main drivers mentioned above, there are some other factors involving in the decision – making of the consumers in this overseas health care services. Some people who had undergone medical care in a foreign country said that they did it to circumvent the delays associated with long waiting list. This so called â€Å"long waiting list† phenomenon recently has made as 40 veterans died while awaiting care at the Phoenix VA hospital. Also, the involvement of insurance companies by offering enrollees the option of getting treatment abroad for expensive surgeries could provide this trend a big boost. 2.Is the globalization of health care good or bad for patients? Globalization is becoming more and more a part of our society. The health care industry is also affected by globalization. Physicians are traveling to other countries to perform volunteer work and patients are traveling to other countries to receive medical care. This has both beneficial and harmful influence on the patients’ health. Positive impacts Adequate care for patients in developing countries Globalization has brought access to medication from manufacturers to less developed countries where patients can either not afford it, or would not have access to it. Patients in these countries also have a lack of diagnostic capabilities and poor transport options. The Glievec International Patient Assistance Program (GIPAP) is an international program that works with drug manufacturers to distribute medication to patients. Under the program, the manufacturer provides drugs at no cost directly to eligible patients. This program helps over 18,000 patients worldwide each year. Furthermore, physicians, students, and other professionals volunteer to travel to other countries and provide medical treatment to those who live in countries that do not have adequate health care. For instance, sub-Saharan Africa has roughly twenty-five percent of the global disease burden, yet only three percent of the global health care workforce. Since globalization of the health industry is currently in process, physicians from around the world are participating in â€Å"medical missions† to developing countries to administer medical care. The circulation of patients The outsourcing of medical procedures to nations where medical professionals are paid lower could clearly benefits consumers. The movement of patients is a more recent phenomenon. Though still marginal, so called ‘medical tourism’ is becoming more important. Treatments offered in western Europeans countries attract infertile couples from United States because they cost half or one third of those provided in North America. Elective surgery offered in highly sophisticated Indian hospitals tends to cost only 10–20% of identical treatment in western countries. There is also a shift from personal initiatives to national incentives. Tunisia, for example, organized a conference at the beginning of December 2004 to attract health care purchasers from abroad. Purchasers, even those belonging to public systems can potentially be interested, when a reduction of costs by as much as 50–80% can be realized. Negative impacts Developing international standards in medical education and health care delivery can help improving quality in health care all over the world. Nevertheless, two problems remain. Potential of such developments to improve the quality in health care within the world International standards cannot be created that will fit the cultural, social, and economical contexts of very different countries. It is often assumed that, simply demonstrating compliance with quality processes, will lead to a result (of the treatment) that will be the same, whatever the country or the professionals involved. But it cannot be definitely sure that applying North American (or European, or for that matter African or Asian) procedures and quality rules in other countries will lead to adequate quality. Issues of access to health care and ethical dimension Countries which continue to accept patients from other lands for expensive services run the risk of either pricing out poorer citizens, or creating a second tier of medical care in those countries. Further, ethically speaking, it is not acceptable to exclude the local population from the benefits of care that is provided in their country for rich strangers, even if this organization allows less rich countries to develop employment in the health care sector. In addition, medical tourism may shift services from  preventive public health measures, to less effective and more expensive private clinics. The treatment standards in countries such as India may not be up to the standards found in the United States, and that the process takes some control out of the hands of the consumers. Finally, there are some of the potential dangers of volunteerism. When students or physicians with little education or knowledge of the culture they are in or volunteer, patients of those countries run the risk of making their symptoms worse. In conclusion, with healthcare globalization, patients in less developed countries can receive medication and care that they would not receive otherwise, doctors and physicians can volunteer and travel to other countries to provide care and treatment. Patients also have the ability to travel to other countries to receive care that would normally be very expensive in their own country. However, globalization runs the risk of patients in other countries not receiving quality care due to volunteers lacking in education, as well as ethical dilemmas. 3.Is the globalization of health care good or bad for American Economy? In general, there are many concerning about globalization of health care that have been proposed by Americans economists. In fact, many aspects has come up to this problems. Here are the examples. Impatient Americans seeking medical care are increasingly making trips far from home, often at their own expense—not just short hops to Caracas for a nip and tuck or dashes across the frontier for cheap Mexican pills. As Mr. Steele’s testimonial suggests, they are now travelling across the world for knee and heart surgery, hysterectomies and shoulder angioplasties. One motive is to save money. America’s health inflation has consistently outpaced economic growth, making it the most expensive health market in the world. The average price at good facilities abroad for a range of common medical procedures is, by Deloitte’s reckoning, barely 15% of the price a patient would have to pay in the United States (see table). But costs have long been much higher in America than in poor countries, so this alone does not explain the new exodus. Two other factors are now at work. One is that the quality at the best hospitals in Asia and Latin America is now at least  as good as it is at many hospitals in rich countries. The second, more worrying, factor is that America’s already imperfect insurance safety net is fraying. Over 45m Americans are uninsured, and many millions more are severely underinsured. Such people may find it cheaper to fly abroad and pay for an operation out of their own pockets than to find the money for deductibles or â€Å"co-payments† charged for the same procedure at home. Arnold Milstein of Mercer, a consultancy, calls them America’s â€Å"medical refugees†. Big business may soon join this wave. Epstein, Becker & Green, an American law firm, says that in the past year big employers have become interested in promoting medical travel among the employees they insure. Many are struggling to cope with soaring health costs and some, they report, are willing to take radical steps to save money. Behind the mask How will that affect the health systems in rich and developing countries? Listen to critics of medical travel, and you might think that all of this is a tragedy. It has come about, they argue, because of the terrible state of America’s health care, and its consequences for developing nations will be dire. The flow of foreigners will encourage capital and trained staff to flee state-run health-care systems in poor countries in favor of better-paying jobs catering to foreigners and local fat cats. It is surely right that medical tourism is partly the result of the failings in America’s health system. Moreover, recent research by the World Bank does indeed suggest that â€Å"internal brain drain† is a worry in some countries, especially those with few doctors and nurses. However, in many huge net exporters of doctors and nurses, such as India and the Philippines, an internal brain drain is hardly much of a worry, because there are plenty of medics to go around. And shortages, in countries where they exist, can be alleviated by reforms changing the way nursing education is funded, for instance, that would help to improve their ailing state-run health systems. 4.Who might benefit from the globalization of health care? Who might lose? Throughout history people have always shared information, traded commodities and exchanged some forms of currency across various borders, which proves globalization an enormous interest of human being. Consequently, health care  industry is no longer a norm of services provided where the patients located. The links between globalization and health are complex and globalization is a multifaceted phenomenon that can affect health in myriad ways. Its consequences can be either direct, at the level of whole populations, individuals and healthcare delivery systems, or indirect, through the economy and other factors, such as education, sanitation and water supply. For the health community, globalization offers opportunities but also poses significant challenges to many sectors. The customers (the patients) Benefits: †¢Quick response to deceases with lower costs: Due to the imbalance between supply and demand of health care in the United States, the patients have been undergoing overloaded treatment with high costs. The shortage of radiologists in America cause patients’ diagnostic medical images (including X-rays, CT scans, MRI scans and ultrasounds) to be read and interpreted for longer hours. However this can be resolved more quickly by beaming the images over the Internet for Indian radiologists. Another situation of Howard Staab, who completed his leaking heart valve cure in New Delhi, India for $10,000 instead of paying $60,000 for American hospitals, proves financial benefits for patients. †¢Chances for traveling: Medical tourism is a second mechanism through which the patients can benefit through trade liberalisation in healthcare. Taking advantage of abroad trips for medical services, patient could also travel for convalescence in famous tourist attractive destinations, which costs totally lower than treatment in the United States. Losses: †¢Spread of infectious deceases: The flip side of the above benefit is that due to the rapid mobility of people across borders for health care services, the spread of infectious diseases is a threat to everyone, particularly the poor. It is entirely possible that a person in the early stages of an infectious disease could travel halfway around the world in 12–15 hours, which functions as a vector for that disease to spread into non-immune populations. The recent epidemic of Severe Acute Respiratory Syndrome (SARS) is the best contemporary example of serious damages to the community due to  globalization of health care. †¢Involved risks due to absence of international insurance policy: Since the U.S Government-sponsored medical insurance program, Medicare, would not pay for services done outside of the country, patients without international medical insurance could be harmed. The developing countries Benefits: †¢Improve health care status & create employment opportunities for health care and tourism: Several decades ago very few hospitals in developing countries could claim to offer the highest quality of health care. Due to globalization of health care, hospitals around the world are striking to meet the stringent requirements, improving health systems standards to attract foreigners, which also benefits local patients. Besides, it would also be useful to encourage developing countries to tax medical tourism and use the proceeds to support their domestic healthcare system. Consequently, health care globalization is creating more works for local health care and tourism industry. According to the management consultancy McKinsey & Co., medical tourism was a$2.3-billion industry in India in 2012. Losses: †¢Internal brain drain of medical professionals: Another dilemma that seriously affects people in developing countries, as well as poorer communities in the industrialized nations, is a lack of health professionals. If there are going to have a global world, then people who have these needed skills should be paid appropriately, which induces them to work for well-paid medical industry. The developed countries (the United States) Benefits: †¢Potential gains for the economy: The U.S government could attain profits on providing education of modern technological medical system for developing countries. Besides, insurance companies could offer international healthcare vouchers to be secured while using foreign facilities and sharing their savings. Losses: †¢A small fraction of work and treatment moving offshore: Even though the U.S  regulations require that a radiologist be licensed in the state and will not pay for international medical treatment through Medicare, there would be a small fraction of patients travel abroad for health care due to their overweighed benefits. Reference Question 1 http://carey.jhu.edu/one/2009/fall/globalized-health-care-driven-by-technology/ http://www.pennlive.com/nation-world/2014/08/no_proof_veterans_on_waiting_l.html http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2234298/

Launching a BPA-free Product Line With Event Marketing Assignment

Launching a BPA-free Product Line With Event Marketing - Assignment Example Bisphenol-A is a toxic material that had been found in polycarbonate feeding bottles of babies. The product launch showcases safe feeding bottles and other feeding products which are safe to use for infants and toddlers. The report also describes how stakeholders were involved in the event and which marketing communication strategies were included in the marketing communication mix. Nuby, considered the world’s number 1 infant care feeding and teething company has come up with a new line of products which are Bisphenol A- (BPA) free. BPA is a toxic substance found in polycarbonate plastic which is used in baby bottles (Klotter, 2006). It is an endocrine disrupter which is a toxic substance that interferes with hormonal functions regulating reproduction, normal cell growth, among others. Grossman (2007) reports that chronic and continued exposure to Bisphenol A may lead to diseases related to the reproductive system such as prostate cancer, breast cancer, cystic ovaries, and en dometriosis. Polycarbonate bottles used as babies can have long term consequences in children. To prevent exposure to this health risk, Nuby has created baby bottles, cups and toys that are Bisphenol-A free. These are relatively more expensive than the regular polycarbonate ones, but considering the safety of children from the fatal risks, they are definitely worth it. Main Findings Nuby has approached Parents’ Magazine which advertises its products, to launch its new line of BPA-free products. These are feeding bottles, sippers, cups and bowls for infants and toddlers which are not made of polycarbonate material and which are free from the toxic substance, Bisphenol-A. Nuby has created such â€Å"products to eliminate any risk or doubt and offer parents the safest option† (Nuby website, 2013). Parents Magazine invited HealthyChildren.org to co-organize the event launch since this organization has the â€Å"only parenting website supported by 60,000 pediatricians comm itted to the attainment of optimal physical, mental, and social health and well-being for all infants, children, adolescents, and young adults† (HealthyChildren.org.). Having doctors speak about Bisphenol A is a responsible act in promoting health issues concerning parents and their children. Both organizations, Parents’ Magazine and HealthyChildren.org will add credibility to the endorsement of the new line of Nuby products. Both organizations are opinion leaders and opinion formers that can greatly influence the preferences of consumers. Event marketing is presented as a way to build brand equity (Keller, 2009). Band equity is the â€Å"added value† which a given brand provides a certain product (Farquhar, 1989). In the case of Nuby products, being BPA-free is the brand equity. Promoting its use is an ethical thing to do instead of just letting people continue with their old habits of purchasing polycarbonate products to use with their children. Baines et al (2 011) contend that marketing communication methods are used to spread information about an organization’s products and services while engaging a target audience. The marketing communication format should have specific objectives as to the desired responses of the audience. Planning the product launch of Nuby’s new line of BPA-free feeding bottles is guided by the planning framework of De Pelsmacker (2010) Analysis of Exhibition Process Wohfeil and Whelan (2006) describe event marketing as interactive communication of brand values by engaging consumers in a marketing event resulting in their emotional attachment to the brand. Zarantonello & Schmitt (2013) compare event marketing to be more direct, and highly interactive than the distant, one-way

Is the American Media Responsible for Perpetuating an Unrealistic Essay

Is the American Media Responsible for Perpetuating an Unrealistic Beauty Ideal for Women - Essay Example When these models walk the ramp, the youth populations which watch these shows are tempted to follow their footsteps and undergo extreme dieting and starvation. Women watching these American television shows feel that they are imperfect and resort to different shortcuts to attain wafer thin body structure. America’s new Television show named â€Å"America’s Next Top Model† has created such a surge among teenagers that they take unrealistic steps to attain thin body figure. According to (Erp,23) â€Å"The popularity of talent shows such as America's Next Top Model is just a more pronounced example of society's increasing obsession with youth and beauty, another addition to the flood of images serving up idealized, teen perfection†. The teenagers and young women are blindly influenced by the extreme thin structure of models and actresses that they hardly think about the negative impact upon their health and body. They fall victim to eating disorders like Ano rexia and Bulimia and get accustomed to depression and anxiety disorders. Television and movies establishes and put forward a message that only underweight and ultra – thin women are worth living in this era. American media’s promotion of Barbie doll image In America it is not unusual for media to display a Barbie doll concept to the female population all over the country. The Barbie has been influencing the growing up girls who are between the age of 3 to 12yrs.It is estimated that one in three girls aged under 12 yrs in American owns a Barbie doll. Girls playing with it tend to compare her body structure with Barbie and attempt to attain her body image. If Barbie doll is imagined as a human being, then she would be so thin that... This report approves that the government and other voluntary organization take deliberate step to boycott unhealthy concepts promoted by American media. There should also be funding from the part of government to advertise health promoting campaigns to acknowledge the teenage population about ideal weight and right beauty concept. All the population around the world watches American entertainment media and nurture their fashion and beauty concepts around it. The female models displayed in all the media are extremely thin, which is an unattainable body image for the ordinary female population. The television channels like Fashion TV, depicts female models that are so thin that they look terribly starved and undernourished comparing to a normal female. This essay makes a conclusion that media is a channel which has a tremendous power to communicate to people around the world. If mass media and advertisement campaign does not pass on a beneficial message to the public then they are misusing their power and position. Beauty is not a thing to be achieved by torturing the body and undergoing mental stress and bodily deprivation. Beauty is something which reflects happiness, health and joy. A human being needs healthy and nutritious food to function in a balanced way. When young women deprive their body of essential nutrients they end up being diseased and ugly looking. Today the world is running after glamour and sexy body image but people are forgetting that in the long run when they suffer from illness no media will come for their help or resort.

The Cold War and U.S. Diplomacy Essay Example | Topics and Well Written Essays - 1000 words - 1

The Cold War and U.S. Diplomacy - Essay Example President Truman requested the Congress to assist the Greek Government to wipe out communism. It was argued that if Turkey would be provided with both economic and military assistance, the US would be able to contain the spread of communism. The Republicans supported the policy, which later controlled the Congress and promised to send $400 million in aid to the Greek government. However, no military forces were to be taken to Greece. The effect was to terminate the Communist threat in Greece. In 1952, both Turkey and Greece joined NATO, an armed alliance that assured their protection. Following this action, the Doctrine was informally expanded to become the foundation of the American Cold War policy around the world and throughout Europe. It shifted the U.S foreign plan towards the Soviet Union from a relaxation of tension to the containment policy of Soviet expansion. The effects of the Truman Doctrine for the U.S and other nations The Long-term policy Truman’s doctrine stren gthened American Cold War policy all over the world, and more specifically, in Europe. It lasted because it looked into a broader cultural uncertainty concerning contemporary life in a globalized world. Truman Doctrine and its policies dealt with the concern of Washington over communism’s domino impact. It also facilitated a media-sensitive representation of a policy that won bipartisan support and it rallied US economic power to stabilize and modernize unstable areas without direct military involvement. In addition, it brought about modernization programs and state-building activities to the forefront of international policy (Cox, 1990). The diplomatic effort became a metaphor for tragedy aid to keep a country from the influence of communism. Truman applied the... This essay describes the policy of the United States towards the Soviet Union during the Cold War focusing on Truman Doctrine. It also seeks to articulate the advantages and disadvantages of this doctrine. The Truman Doctrine originated from President Truman’s speech before a joint meeting of Congress on March 1947. The instant cause for the speech was a prior announcement by Britain that it would not provide economic and military support to the Greek Government in its civil war with the Greek Communist party. President Truman requested the Congress to assist the Greek Government to wipe out communism. It was argued that if Turkey would be provided with both economic and military assistance, the US would be able to contain the spread of communism. The study concludes that the Truman Doctrine was generally a reaction to political issues in Greece, but later had an impact in Europe and the entire world. It was a demonstration of foreign policy as an outcome of the fears and insecurities of Soviet power filling the gap in Europe. The Doctrine had several major consequences. For instance, Turkey and Greece were given financial support and they did not give way to the further spread of communism. Further, the U.S became committed to internationalism with the containment policy, rather than the former isolationism. In addition, it increased tension between the USSR and USA, which formalized the Cold War since America took direct action against communism.

INTERNATIONAL BUSINESS Article Example | Topics and Well Written Essays - 750 words

INTERNATIONAL BUSINESS - Article Example The article was written by a professor who is part of the Center for Creative Leadership and co-author of books about leadership and cultural intelligence. I find the article very practical and informative since the writer is indeed right on her observation how international business is conducted nowadays. Moreover, she pointed out the necessity for learning cultural agility since there are many leaders appointed to manage overseas operations. However, even if a leader has an MBA and years of experience is not a guarantee that the person can successfully handle a very diverse environment. According to the writer â€Å"When leaders operate with culturally limited perspectives, the result is missed opportunities, poor performance, frail relationships and weak teams. In contrast, leaders who are culturally agile are able to respond to and perform well in varied and unfamiliar cultural contexts. They successfully engage a diversity of perspectives, learn new processes and All over the world, there are many global leaders who typically originated from the west. These CEOs or COOs are often assigned overseas to take care of global operations since the business has expanded. In fact, this situation is presently happening in China were American managers set-up their business operations carrying with them western orientation in running a business. For example, an executive from the U.S. may find himself entangled in complicated situations if he is assigned in China. A large number of American businessmen have undergone complicated situations in China since the government has a peculiar way of governing foreign businesses. Add to that is cultural differences in terms of language and how different Chinese business etiquettes are. Technology was cited in an article as an ally in â€Å"crafting strategies for future leaders† ( Brosseau, Nov 2, 2010) but I believe that leadership

English & Literature Essay Example | Topics and Well Written Essays - 250 words

English & Literature - Essay Example They have developed a notion of utopia, an idealistic thinking in a way reflecting significance of the world being a perfect place. The community uses English as the primary language of communication among them. This is because the original population came from different regions of the world speaking different primary languages. English is the superior language in the U.S. As such, they adopted the language for ease in communication. The language is a symbol of unity and togetherness among the community members. Through the language, the community identifies themselves and their social background as being a perfect place to stay in the world. The near homogeneity of English within the community renders other languages inferior and the speakers experience a sense of isolation. This on the other hand asserts that only the superior speakers would feel the likely benefits accrued from English-speaking. Despite cultural diversity existing among different races within the region, the community tends to embrace a uniform perspective of socio-cultural ties attributed largely by the shared English language. For instance, the community members embrace a range of traditional foods and

The importance of Auditing Essay Example | Topics and Well Written Essays - 500 words

The importance of Auditing - Essay Example The research paper is specifically meant to explore the reasons why developing countries in particular often fail to meet their expectations in terms of economic development. As such, the hypothesis for the research is: "Implementing better regulated auditing systems with severe consequences for not passing the audit will help developing countries to improve their economic development and avoid widespread corruption." Along with this hypothesis, the methods for data collection that will be mainly used include qualitative research. This will be mainly comprised of secondary data obtained from published literature such as journals as well as other official documents in the same area of study. The main advantage of using secondary research for this particular research is that the data going to be used is authentic. This data would have been validated in other previous studies. One of the reasons for the financial success of developed countries is their reliance on strict auditing practices. However, one of the reasons for the financial problems of many developing countries is lack of regulation of auditing system. Developing countries fail to apply the right plans for developing because they depend on accounting and neglect the auditing systems. By not involving auditing systems in the process, the range of corruption will increase. Unfortunately, accounting and auditing systems or procedures of developing countries are currently struggling to keep pace with those of the developed nations because they were specifically designed to meet the needs of centrally planned economy and not globalized economies (Prather-Kinsey, 2006). Therefore, the accounting systems lack uniformity as well as accounting standards because they are applied differently across industries and sectors. The auditing and accounting systems normally set clear objectives of providing accounting information related to tax, statistics, and financial

ADVANCED AND CLINICAL IMMUNOLOGY; CASE STUDY ON ALLERGY Essay

ADVANCED AND CLINICAL IMMUNOLOGY; CASE STUDY ON ALLERGY - Essay Example However, the most common protein causing milk allergy is alpha S1-casein. Others may me caseins and whey. In case of egg allergy, the most common allergen is ovomucoid while others present in egg white are ovalbumin, ovotransferrin, and lysozyme. The egg yolk also contains some allergens that start an antibody reaction and among the most common are apovitillin, livetin and vosvetin. In case of peanut allergy the mostly common allergen found is a Lupine which is a legume and causes severe allergy in patients sensitive to it. 4. Th-2 like cells can be identified in the peripheral blood and lesions of atopic-dermatitis patients producing IL-4, 5, 13 and also IL-17 from Th17 cells. Explain the role(s) of these cytokines in allergy (10 Marks). The Th2 response is characterized by the release of several interleukins that ultimately goes through a chain of responses that leads to ‘humoral immunity’ by neutralizinge the non-cytolytic antibodies. The Th2-type cytokines include Interleukins 4, 5 and 13. IL 4, 5 and 13 are linked with the support of IgE and eosinophilic response in atopy. Other than this IL-17 has more of anti-inflammatory effect. Therefore, Th2 finds to be counteracting the Th1 medicated microbial action and thus produces a well balanced response to an immune attack (BMJ 2000). At homeostasis, Mast cells are the important cells that are present not only in skin but also in mucosal tissues. Both mast cells and quantity of eosinophils in mucosa are related to hyperactivity of lungs. There are several studies that suggest a correlation between mast cells and eosinophills that at some extent related to Eosinophil Cationic protein release. On stimulation, mast cells release IL-5 and PAF to enhance Eosinophil Cationic Protein (ECP) release from eosinophils. Since the number of mast cells is elevated in Asthmatic patients thus this assay is quite helpful in finding the allergic reaction. Hygiene Hypothesis suggests that the

Critical reception of William Hogarth in the nineteenth century Essay

Critical reception of William Hogarth in the nineteenth century - Essay Example According to Gray (140), his contemporaries compared Fedotov who is a Russian artist with Hogarth; for instance, Druzhinin describing Fedotov drawing of a woman leading her drunken husband through the streets claims that Hogarth would not refuse a subject rich in dramatic and satirical potential. Although the two artists use romantic themes of the misunderstood, impoverished artist and enforce pathos of the situation with abundant symbolic detail. Druzhinin later lamented the loss of a man who in his opinion believes could have been Russia’s Hogarth because Fedotov had the potential to go beyond the achievements of the famous English artist. Other commentators of Fedotov did not encourage him to emulate Hogarth; for instance, Bryullov advised him not to be attracted by complexities of Hogarth but encouraged Fedotov to follow nature (Gray 140). Until 18th century, continental Europe set the artistic agenda with the first artist using true English style and sensibility being William Hogarth who exposed vice and corruption in the 18th century London (Else 69). While Hogarth satirized the society other artists were busy showing the best light of the society in the 18th century. Through the nineteenth and twentieth century there were various views; however in the Victorian time, Hogarth emerged as a popular figure as well as honest and patriotic Englishman (Bindman and William 13). Hogarth issues regarding artistic origins as well as background emerged in early 1780s with publication of the fourth volume of Horace Walpole’s Anecdotes of painting in England that dealt with contemporaries including Hogarth. Considering the role of Hogarth’s widow following his death, there is an indication of moral conversion in the widow through suppression of indecent print and she engaged with Rev.Dr Trusler in producing a [popu lar volume known as Hogarth Moralized in 1768.

Why my family is important Essay Example for Free

Why my family is important Essay Together with family, household is considered one of the basic groups of social aggregation. Information on household numbers and composition aids in identifying groups within the population such as Indigenous households or the number of people living alone. For the Commonwealth-State Housing Agreement (CSHA) data collections, the number of tenancy agreements is a practical proxy for calculating the number of households receiving housing assistance. The persons in the group may pool their incomes and have a common budget to a greater or lesser extent: they may be related or unrelated persons, or a combination of both. Only usual residents of the household are included as members of the household. Visitors to a household are, by definition, excluded from the household. Blood is always thicker than water. I learnt that phrase when I was much younger, but I never appreciated it until now. My brother was the only one who stood by me when I was being bullied in school at one time. He saw me cornered by a boy whom he knew to be a school bully and he did not wait a second more before stepping in to prevent me from being beaten by that boy. Once I quarrelled with my best friend, who was popular and everyone else was against me for quarrelling with him. My parents consoled me and encouraged me to be happier. They gave me the sound advice of believing in myself. I cannot thank them enough for the support that they have given me so far. My parents are also responsible for my love of learning in life. They make me feel intelligent and well-loved. I know that I am someone important to them. My family will always be there for me while friends are transient. After so many experiences with friends, I realise that I can always choose my friends. It also takes a long time to find a sincere and true friend. With family, it is different because my family cares for me no matter what happens. My brother and I may have our differences but we always manage to make matters work somehow.

Effect of Corporate Governance on Attracting Investors

Effect of Corporate Governance on Attracting Investors Corporate governance is the way of corporation being directed which is involves a relationship between the manager , the shareholders , and other stakeholders of the company. The use of corporate governance is to provides the structure through which the objectives of the company are set. In adopting a good corporate governance, companies should be transparent of the financial reports. Now adays most company around the world have adopt good corporate governance system , but some of the countries have not adopt the system. In this project , it will contain a research of the corporate governance status in Indonesia. Wether most of company in Indonesia have adopted a good corporate governance or not. Inside this project, there are two research question which is using different type of statical analysis. The first research question was made to found out wether is it true that a good corporate governance will attract more investors to the company. The second research question was made to know have most company in Indonesia have issue their corporate governance report according to the standard and transparency. And the result of the research is that there are some correlation between the corporate governance and performance of company. The other finding is that some of the company in Indonesia still not transparent in disclosing the corporate governance report. Chapter 1 Introduction Research background Corporate governance is one of the important factors that should be maintain inside the company. Now adays a lot of investors not only looking for financial reports of the company but they are also looking for the corporate governance status of the company. Since the financial crisis in 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s. Indonesia facing some diffculties in the economic factors. Alot of company were collapse , because many directors made a wrong decision. From that moment the economic and political condition in Indonesia is not stable. This problems will effects the corporate governance system in Indonesia. But by creating a good corporate governance structure they are some benefit from it. A good corporate governance system will help directors, corporate managers , and owner to better governing the company. Many international investors hesitate to invest their money if the corporate governance structure does not so good. They want to know how well the is the directors can manage the company. There are some important key role of the corporate governance which are a transparency of the company financial and non-financial reportings , independent commisioner , and audit committee of the company. Investors want to know clearly the way of company leaders directing their company in achiving the goal. Investors will not invest their money if the company does not have a clear structure of the company. That is why adopting a good corporate governance may have some advantages, it will be easier to obtain capital and increasing share price. Using the data of corporate governance it can also effects the performance of the company.The corporate governance report will shows all the activity of the leaders inside the company. In governing a company there are rules for the directors , managers, and shareholders that must be follow. Such as a Annual General Meetings, most of the leaders of the company must attend this meetings at lease twice a year. If they are not fullfil their job as a leader of the company, it will be reported in the corporate governance report. 1.2 Research Objectives 1.2.1 Primary Research Objectives The primary objectives of this project is to give some information about the latest situation of coporate governance in Indonesia using the latest data which is taken from the year 2009 and also a questioner which is from the year 2010. Many people believes that a good corporate governance system can attract more investors to the company, so inside this project it will tested wether that statement is true or not. And this project also want to know wether most of company in Indonesia have disclosed their corporate governance reporting transparently. 1.2.2 Secondary Research Objectives The secondary objective of this project are : From the research it will shows the advancement of corporate governance system in Indonesia. Showing the effectiveness of corporate governance reporting for the company Take some feedback from the employee in Indonesia about the corporate governance situation in the company where they are working. Chapter 2 Literature Review A good corporate governance is important for a company around the world. Instead of financial data of the company, investors also looking at the corporate governance disclosure data before they are deciding in which company that should they invest in. From the data it will show the management situation of that company. Some of the country around the world still very low in conducting a good corporate governance. Conducting a good corporate governance will make the company more profitable , it will attract more shareholders to invest in our company. Lawrence D. Brown and Marcus L. Caylor (2004) using a sample of 2,327 companies and based on 51 corporate governance provisions which is provided by Institutional Investor Services (ISS) they found out that companies which are better governed relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Based on a data which is taken from Institutional Shareholder Service , they create b road measure of corporate governance and they create Gov- score. The Gov-score was measured of 51 factors which is encompassing eight categories of the corporate goverenance which is : board of directors , auditors , characters by laws , executive and director compensation , ownership , progressive practices , and state of incorporation. Financial problem now adays become the major topic globally , it effects a lot of firms around the world. PaquitaY. Davis , Li Li Eng , and Chao-Shin Liu (2006) they were investigate the role of corporate governance mechanisms and accounting system in four different countries in Asia which is Indonesia , Korea , Malaysia , and Thailand. Those countries were effected by Asian financial crisis. They found out that it is depends on the corporate governance mechanisms and accounting system in effecting the book value of equity and it is also determining the relation between the accounting information and stock prices during the economy-wide financial crisis. Results of their finding is the earnings in Thailand and Indonesia was reduced during the Asian financial crisis and increased in book of value. In Korea , neither earnings nor book of value was impacted by the crisis. And the last one which is in Malaysia both book of value and earnings was decreased during the Asian financial crisi s. Bernard S. Black , Woochan Kim , Hasung Jang , and Kyung-Suh Park (2009) conduct a research in KCGI (Korea Corporate Governance Index). They try to find the relation between level of corporate governance and the effects the firm market value. And the findings of their research that overall firms that are better governed got a some competitive advantage than other company. From the research , overall firms who got higher KCGI will get higher dividends , got a lower capital expenditures ( because of Korea firms that are overinvest) but the investment is more sensitive to profitability , lagged board structure predicts higher profit , the related party transactions will reduce adverse for firm value. Robert W.McGee (2010) Indonesia need to develop the structure of the corporate governance. By developing a good corporate governance he found out that it will helps increasing the share prices and it will be easier to obtain capital. And from his research information which is from the Worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s bank ROSC report about rights of shareholders , equitable treatment of shareholders , role of stakeholders in corporate governance , disclosure and transparancy , and responsibility of the boards from the scale one to five , Indonesia overall score is 2.83% which conclude from his research that corporate governance in Indonesia is need to be develop. From the research he suggested that companies in Indonesia need to strenghten shareholder access to the information of the company , in treating the shareholders must be equally , and company must fully adopt the International Financial Accounting Standards (IFRS) and also International Standards of Auditing. Meidyah Indreswari (2006) identified Indonesia corporate governance status which was turn bad because of the tragedy of economic crisis in 1997. From the research the writters found out there are several factors that make corporate governance fail in that year. Firstly, using agency theory to explain the relation between the agent and the principal was more problematic in ISOEs than the private enterprise. Secondly, the rules of board director and management is really important for the company. Government should reduce their intervention in ISOEà ¢Ã¢â€š ¬Ã¢â€ž ¢s operating system in order to make the boards of the company to work more effective. Thirdly, findings of the research shows that the corporate governance in Indonesia was not effective due to unclear information about role of corporate governance and also a unclear programmes of the company. These problems can create the lack of commitment of the employee to the company which lead to failling of the corporate governance. La stly, other factors that lead into fail corporate governance are culture , public governance , and law enforcement. In order to fix those factors, there should be a joint efforts from the public sectore is needed to ensure a good corporate governance will be occure. A study also conducted by Maria Andersson and Manal Daoud (2005) using the agency theory to test the factors that influence the corporate governance disclosure information in Swedish listed corporations. Using 41 listed companies in Swedish as an example , according to they research it found out that factors that influence the corporations are the parents company it self and the size of the corporation in disclose the corporate governance information. They also find out that agency theory is not a proper theory to find the influence of corporations in disclose information about corporate governance. Zheng Fan , Liyan Wang , Jidong Zhang (2008) they conduct a research about the relation of company motivation in voluntary disclosure will effect the earning quallity of the company. The research information was taken from the Chinese capital market in 2004-2006 period. And the results of their result is that the company disclosure data and corporate governance of the company will not effects the earning quality of the company. There are many companies in different countries that already adopted a good corporate governance. When a lot company have adopted a good corporate governance and shows the transparency of the company performance, it will be easier for the investors to choose in which country they will invest in. But in some countries such as Indonesia there are still some difficulties in adopting a good corporate governce. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects the corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Indonesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Dudi M. Kurniawan and Nur Indiriantoro (2000) did a research about the status of corporate governance in Indonesia. And the findings of the study were divided into 5 different parts which are factors that influence the corporate governance status in a company. The first part of his research was about the ownership structure in Indonesia companies. And he found out that Indonesia had two boards in corporate governance system which is not effective for the company. The second part of his research was about the efforts to develop the corporate governance in Indonesia , and he found out that Indonesia corporate governance still need a help from the international countries. The third part of his research was about the accounting standards in Indonesia which should be written according to the basic of International Accounting Standards. The fourth part of his research tell us about audit standards and the audit profession in Indonesia. He suggested that Indonesian auditors need to pay atte ntion to the standards in Indonesia. It is because according to his research a lot of Indonesian auditors look for USA auditors standards and forgeting the standards in his country. This will be a crucial effects for the company. And according to his research the cause of Indonesian financial crisis in 1997 was the auditors in Indonesia miss ditection of fraud that happened in most of companies in Indonesia. This fraud make a lot of company in Indonesia collapse.The fifth parts of his research found out the disclosure data of corporate Indonesia still need to be more transparancy to the public. So from his research conclude that there are a lot of challenges in conducting a good corporate governance in Indonesia but those challenges can be minimize if there is an efforts to conducting a good corporate governance from inside the company. Werner R. Murhadi (2009) did a research using some information from the Indonesia Stock exchange in period 2005-2007 specializes in manufacture companies to test the performance of the corporate governance in Indonesia. He was using five good corporate governance indicators which are independent commisioner , CEO duality , audit committee , top share , and shareholders coalition to investigate rather it will effects the earning management practices. The findings of the research was a good corporate governance will effect earning management practices which done by the company. Another thing that he found out from the research was a lot of companies in Indonesia do EM ( Earning Management ) with negative leans. The purpose of the company do that is to make their revenue look smaller which can help the company to avoiding tax. Sanjeev Bhojraj and Partha Sengupta (2001) they conducted research about the effect of corporate governance to the bond ratings and yield. They found out that corporate governance mechanisms will reduce conflicts of interest between the directors and the providers by monitoring to their actions. And they were also found out that company which have a greater institutional ownership and got influence by the external control of the board will have a lower bond yields and high ratings for the new bond issues. From the research they are suggested that company that are facing stronger external monitoring from the governance mechanisms are rewarded with low yields and high bond ratings. Monitoring the situation of the company should be maintain so it will stabilize the firm value of the company. Sridhar Arcot and Valentina G. Bruno (2009) studied about the different type of corporate governance will effects the firm performance. Their studied the effects of law in a country to the corporate governance mechanism. Since law and regulation is different from one country to the others, according Sridar and Valentina company must adjust to that law especially for the multinational firms. Disclosing corporate governance report is one of the important factor because they found out some of the governance report was uninformative which mean it was not clear. The impact of the weak corporate governace was it shows the the inefficient use of the firms resources which can lead to the poor operating income. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects the corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Indonesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Siti Nuryanah (2009) said there are still a problem in Indonesia corporate governance specially in audit committee. The problems in audit committee in Indonesia is that they holding a double positions in other companies, which it make the audit committee is not efficient in doing the works. And also , there are some company that does not have an audit committee. By not having an audit committee will become a problem for the board of committe in taking a decision. The research found out that 30 % from the JSX (Jakarta Stock Exchange) public listed companies does not have independent commisioners. Although that kind of problem occure , from her results it was found out that most of the companies in Indonesia have complied with the regulation of corporate governance. Chapter 3 Methodology 3.1 Data The data of this project was taken from annual report in Indonesia stock exchange, IICD (Indonesia Institute for Corporate Directorship) reports which is the latest report, and 100 questioners which is given to the working people in Indonesia. The questioner was translating into Indonesia Language. 3.2 Methodology In this project there are two-research question that can lead to the answer of this research project. Each of the research questions will be tested in different type of statistical analysis test. The two-research questions of this project are: First: Is it true that adopting good corporate governance will attract more investors? Second: Using some factors in corporate governance reports, does most company in Indonesia have report their corporate governance data transparently? By using these research questions, several questions in the questionnaire had been made to gather answers from the respondents which then it will be linked back to answer the research questions. Inside the questioner there are divided into two section. The first section of the questioner is basic question about the corporate governance and the employee posisition in a company which they are working. The second section of the questioner is the important answer for this project which is contain all information that will be used to analyze. As for the following questions in the questionnaires, respondents will be asked about questions which are mostly related to the research questions 3.2.1 Research Question 1 Is it true that adopting good corporate governance will increse the company performance ? Hypothesis: H1: good corporate governance will give a significant effect to the company performance H0: good corporate governance will not give a significant effect to the company perfirmance From the research that was conducted by Lawrence D. Brown and Marcus L. Caylor (2004) said that there were some advantages in adopting a good corporate governance. He was using a sample of 2,327 companies and based on 51 corporate governance provisions that are provided by Institutional Investor Services (ISS). And found out that company that are better governed are relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Another people that argued about corporate governance mechanisms were Sanjev Bhojraj and Partha Sengupta they found out corporate governance mechanism can reduce a conflicts of interest between the directors. And also a company should monitoring inside the company so the goodness performance of the company can be maintain. From this type of question, from the statement above I would like to test whether companies that have a good corporate governance will have a lot of investors in it and also is it will attract more investors to the company. Using the survey question, it will guide to the answer of this question which are : How effective is the corporate governance report being used in your company? In your opinion, does good corporate governance will attract more investor? H0: à ? = 0 (There is no correlation between corporate governance and number of investors) H1: à ? à ¢Ã¢â‚¬ °Ã‚   0 (There is a correlation between corporate governance and number of investors) Sample correlation coefficient, commonly denoted  r, is calculated as following: Where X and Y are the sample means. T-test for correlation formula: 3.2.2 Research Question 2 Does most company in Indonesia have reported their corporate governance activity data transparently and disclosed it to the public on time ? Hypothesis: H1: All of the companies in Indonesia have disclosed their corporate governance activity transparently and on time H0: Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time Werner R. Murhadi (2009) explored some information period 2005-2007 in Indonesia Stock Exchange specializes in manufacture companies to test the performance of the corporate governance in Indonesia. One of the result from his research was, he found out a lot of companies in Indonesia still not develop transparency in reporting data of the company. A lot of companies want to avoid tax by creating an incorrect data, which is making the revenue of the company looks smaller. Another researcher were Zheng Fan , Liyan Wang , Jidong Zhang (2008) they are argued that the company disclosure data and corporate governance of the company will not effects the earning quality of the company I would like to test whether most of the companies in Indonesia have disclosed their coporate governance data transparently. Because a good corporate governance will show a transparency data, all the performance of the companies which is bad or good must be inform to the public. One à ¢Ã¢â€š ¬Ã¢â‚¬Å"Way Anova (Parametric Test) From using this type of test , data that used to this test will be from question number 7, question number 8, question number 9 and question number 10 , the question from the survey have been desing will be in a way that respondents are asked to rate . This test is used to test the equality of 3 or more means by using the variances. H0:  µ1=  µ2=  µ3=  µ4 ( Most companies in Indonesia have disclosed their corporate governance activity transparently and on time) H1:  µ1à ¢Ã¢â‚¬ °Ã‚    µ2à ¢Ã¢â‚¬ °Ã‚    µ3à ¢Ã¢â‚¬ °Ã‚    µ4 ( Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time) The formulas for the various sums of squares are as follows: SSE = SST à ¢Ã¢â€š ¬Ã¢â‚¬Å" SSA X = sample value ith item in the jth sample n = total sample size Xj = sample value of jth sample nj = size of the jth sample We will get the respective variances if we divide the sum of squares of SSA and SSE which are as follows: F-test formula: P-value: Degrees of freedom = k-1 Degrees of freedom = n-k These two values will be used to find the critical values for the F statistic and helps us to know whether the p-value is less than or more than the significance level. Conclusion: A null hypothesis will be rejected when the significant value from the test is lower than 5 percent 3.2.3 Limitations In this project there are some limitations in it. This project only representing a small objectives of coporate governance practices in Indonesia. Moreover, the data collected from this study are limited which is only from the Indonesia Institute of Corporate directorship and 100 questioners that had been given the working people in Indonesia. Chapter 4 Findings and Analysis 4.1 Data Statistic of Questioner Section 1 4.1.1 Statistics Questioner that was Given To the Respondent N Valid 100 Missing Total Respond 7 93 From the table 4.1.1, It shows that there are 100 valid questioner that have been produced but the respond that can be used only 93 because the other 7 questioner are missing or cannot be use. 4.1.2 Number of respondent that know corporate governance Frequency Percent Valid Percent Cumulative Percent Valid Yes 71 76.3 76.3 76.3 No 22 23.7 23.7 100.0 Total 93 100.0 100.0 4.1.3 Respondent Knowledge Of Corporate Governance Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 5 7.0 7.0 7.0 Bad 17 23.9 23.9 31.0 Neutral 19 26.8 26.8 57.7 Good 19 26.8 26.8 84.5 Very Good 11 15.5 15.5 100.0 Total 71 100.0 100.0 4.1.4 Respondent Status In Company Frequency Percent Valid Percent Cumulative Percent Valid Director 19 26.8 26.8 26.8 Manager 11 15.5 15.5 42.3 Supervisor 13 18.3 18.3 60.6 Non-Supervisor 28 39.4 39.4 100.0 Total 71 100.0 100.0 4.1.5 Relationship Of Directors and Shareholders in Respondent Company Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 7 9.9 9.9 9.9 Bad 18 25.4 25.4 35.2 Neutral 13 18.3 18.3 53.5 Good 26 36.6 36.6 90.1 Very Good 7 9.9 9.9 100.0 Total 71 100.0 100.0 4.2 Data Statistic of Questioner Section 2 Using pearson 4.2.1 Correlations between corporate governance and Shareholders Performance CG effectiveness Shareholders Performance CGeffectiveness Pearson Correlation 1 .219 Sig. (2-tailed) .066 N 71 71 ShareholdersPerformance Pearson Correlation .219 1 Sig. (2-tailed) .066 N 71 71 4.2.2 Correlations between Corporate governance and Commisioners Performance CG effectiveness Commisioners Performance CGeffectiveness Pearson Correlation 1 -.019 Sig. (2-tailed) .875 N 71 71 CommisionersPerformance Pearson Correlation -.019 1 Sig. (2-tailed) .875 N 71 71 4.2.3 Correlations between Corporate governance and Directors Performance CGeffectiveness DirectorsPerformance CGeffectiveness Pearson Correlation 1 .396** Sig. (2-tailed) .001 N 71 71 DirectorsPerformance Pearson Correlation .396** 1 Sig. (2-tailed) .001 N 71 71 **. Correlation is significant at the 0.01 level (2-tailed). IICD ( Indonesia Institute of Corporate Directorship) have made a report about the corporate governance status in Indonesia. Since the corporate governance report 2009 have not been come out yet, I am using the data from the year 2008 which is issued in 2009 by the IICD institute. Corporate Governance Performance by SOEs, Bank, and Overall Category Mean Score of Corporate Governance Performance (%) 2008 Study Previous Study SOEs 76.80 74.63 Banking 75.55 71.11 Overall 61.26 67.29 The table above shows the performance of corporate governance in Indonesia Listed company. The data show in two different categories which are State Owned Enterprises sector and Banking sector. There were difference in Corporate governance performance between the SOEs variable and Banking variable. The SOEs performance was 75.20 %, while Banking was only 56.50 %. However, there are some improvement of corporate covernance practices in both of the group. There were around four percent of increasement for those top quartile and bottom quartile respectively. It is still challenging tasks facing Indonesian corporations, regulatory bodies, and other governance-related institutions how to enhance the commitment of these bottom quartile companies to good corporate governance practices as well as those companies with corporate governace performance between the top and the bottom quartile. This does not mean that attention to those top quartile firms is not necessary. In the meantime, empiric al evidence shows that corporate governance is significantly correlated to companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic performance, although the correlation is weak. OECD Principles Mean Score (%) 2008 Study Previous Study Rights of Shareholders 50.37 51.23 Equitable Treatment of Shareholders 86.35 83.02 Role of Stakeholders 63.64 58.76 Disclosure and Transparency 70.81 66.64 Responsibilities of the Board 59.02 52.36 Overall Mean Score 64.96 61.26 Using the instrument from OECD ( Organization for Economic Co-Operation and Development) the IICD institute has conducted a survey which was given to the 314 public listed company in Indonesia. Inside the survey they are consisting 5 principles of OECD which are : Rights of Shareholders , Equitable Treatment of Shareholders , Role of Stakeholders , Disclosure and Transparency , and Responsibilities of the board. From the survey the IICD institute analyze the status of corporate governance in Indonesia in the year 2008. The results of research shows there are deflation in rights of shareholders in the year 2008 which is 50.37 % and from the previous study it shows that 51.23 %. But others factors for corporate governance in Indonesia had been increase in 2008, such as equitable treatment of shareholders in the year 2008 was 86.35% which is shows an advancement comparing to the previous study only 83.02 %. The role of stakeholders percentage also rise up in the year 2008 which is 63.64 % comparing to the previous study which in only 58.76%. Other factors that have been changing which is disclosure and transparency of the company, in the year 2008 it reach 70.81 % and the previous study only reach 52.36 %. The last factors that upsurged was responsibilities of the board, in the year 2008 in achieve 59.02 % and the previous study only 52.36 %. The overall mean score of the year 2008 was 64.96 % and the previous study was 61.26 %. The data shows that by using the OECD principles , the situation of corporate governance in Indonesia is getting better. Chapter 5 Conclusion and Recommendatio Effect of Corporate Governance on Attracting Investors Effect of Corporate Governance on Attracting Investors Corporate governance is the way of corporation being directed which is involves a relationship between the manager , the shareholders , and other stakeholders of the company. The use of corporate governance is to provides the structure through which the objectives of the company are set. In adopting a good corporate governance, companies should be transparent of the financial reports. Now adays most company around the world have adopt good corporate governance system , but some of the countries have not adopt the system. In this project , it will contain a research of the corporate governance status in Indonesia. Wether most of company in Indonesia have adopted a good corporate governance or not. Inside this project, there are two research question which is using different type of statical analysis. The first research question was made to found out wether is it true that a good corporate governance will attract more investors to the company. The second research question was made to know have most company in Indonesia have issue their corporate governance report according to the standard and transparency. And the result of the research is that there are some correlation between the corporate governance and performance of company. The other finding is that some of the company in Indonesia still not transparent in disclosing the corporate governance report. Chapter 1 Introduction Research background Corporate governance is one of the important factors that should be maintain inside the company. Now adays a lot of investors not only looking for financial reports of the company but they are also looking for the corporate governance status of the company. Since the financial crisis in 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s. Indonesia facing some diffculties in the economic factors. Alot of company were collapse , because many directors made a wrong decision. From that moment the economic and political condition in Indonesia is not stable. This problems will effects the corporate governance system in Indonesia. But by creating a good corporate governance structure they are some benefit from it. A good corporate governance system will help directors, corporate managers , and owner to better governing the company. Many international investors hesitate to invest their money if the corporate governance structure does not so good. They want to know how well the is the directors can manage the company. There are some important key role of the corporate governance which are a transparency of the company financial and non-financial reportings , independent commisioner , and audit committee of the company. Investors want to know clearly the way of company leaders directing their company in achiving the goal. Investors will not invest their money if the company does not have a clear structure of the company. That is why adopting a good corporate governance may have some advantages, it will be easier to obtain capital and increasing share price. Using the data of corporate governance it can also effects the performance of the company.The corporate governance report will shows all the activity of the leaders inside the company. In governing a company there are rules for the directors , managers, and shareholders that must be follow. Such as a Annual General Meetings, most of the leaders of the company must attend this meetings at lease twice a year. If they are not fullfil their job as a leader of the company, it will be reported in the corporate governance report. 1.2 Research Objectives 1.2.1 Primary Research Objectives The primary objectives of this project is to give some information about the latest situation of coporate governance in Indonesia using the latest data which is taken from the year 2009 and also a questioner which is from the year 2010. Many people believes that a good corporate governance system can attract more investors to the company, so inside this project it will tested wether that statement is true or not. And this project also want to know wether most of company in Indonesia have disclosed their corporate governance reporting transparently. 1.2.2 Secondary Research Objectives The secondary objective of this project are : From the research it will shows the advancement of corporate governance system in Indonesia. Showing the effectiveness of corporate governance reporting for the company Take some feedback from the employee in Indonesia about the corporate governance situation in the company where they are working. Chapter 2 Literature Review A good corporate governance is important for a company around the world. Instead of financial data of the company, investors also looking at the corporate governance disclosure data before they are deciding in which company that should they invest in. From the data it will show the management situation of that company. Some of the country around the world still very low in conducting a good corporate governance. Conducting a good corporate governance will make the company more profitable , it will attract more shareholders to invest in our company. Lawrence D. Brown and Marcus L. Caylor (2004) using a sample of 2,327 companies and based on 51 corporate governance provisions which is provided by Institutional Investor Services (ISS) they found out that companies which are better governed relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Based on a data which is taken from Institutional Shareholder Service , they create b road measure of corporate governance and they create Gov- score. The Gov-score was measured of 51 factors which is encompassing eight categories of the corporate goverenance which is : board of directors , auditors , characters by laws , executive and director compensation , ownership , progressive practices , and state of incorporation. Financial problem now adays become the major topic globally , it effects a lot of firms around the world. PaquitaY. Davis , Li Li Eng , and Chao-Shin Liu (2006) they were investigate the role of corporate governance mechanisms and accounting system in four different countries in Asia which is Indonesia , Korea , Malaysia , and Thailand. Those countries were effected by Asian financial crisis. They found out that it is depends on the corporate governance mechanisms and accounting system in effecting the book value of equity and it is also determining the relation between the accounting information and stock prices during the economy-wide financial crisis. Results of their finding is the earnings in Thailand and Indonesia was reduced during the Asian financial crisis and increased in book of value. In Korea , neither earnings nor book of value was impacted by the crisis. And the last one which is in Malaysia both book of value and earnings was decreased during the Asian financial crisi s. Bernard S. Black , Woochan Kim , Hasung Jang , and Kyung-Suh Park (2009) conduct a research in KCGI (Korea Corporate Governance Index). They try to find the relation between level of corporate governance and the effects the firm market value. And the findings of their research that overall firms that are better governed got a some competitive advantage than other company. From the research , overall firms who got higher KCGI will get higher dividends , got a lower capital expenditures ( because of Korea firms that are overinvest) but the investment is more sensitive to profitability , lagged board structure predicts higher profit , the related party transactions will reduce adverse for firm value. Robert W.McGee (2010) Indonesia need to develop the structure of the corporate governance. By developing a good corporate governance he found out that it will helps increasing the share prices and it will be easier to obtain capital. And from his research information which is from the Worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s bank ROSC report about rights of shareholders , equitable treatment of shareholders , role of stakeholders in corporate governance , disclosure and transparancy , and responsibility of the boards from the scale one to five , Indonesia overall score is 2.83% which conclude from his research that corporate governance in Indonesia is need to be develop. From the research he suggested that companies in Indonesia need to strenghten shareholder access to the information of the company , in treating the shareholders must be equally , and company must fully adopt the International Financial Accounting Standards (IFRS) and also International Standards of Auditing. Meidyah Indreswari (2006) identified Indonesia corporate governance status which was turn bad because of the tragedy of economic crisis in 1997. From the research the writters found out there are several factors that make corporate governance fail in that year. Firstly, using agency theory to explain the relation between the agent and the principal was more problematic in ISOEs than the private enterprise. Secondly, the rules of board director and management is really important for the company. Government should reduce their intervention in ISOEà ¢Ã¢â€š ¬Ã¢â€ž ¢s operating system in order to make the boards of the company to work more effective. Thirdly, findings of the research shows that the corporate governance in Indonesia was not effective due to unclear information about role of corporate governance and also a unclear programmes of the company. These problems can create the lack of commitment of the employee to the company which lead to failling of the corporate governance. La stly, other factors that lead into fail corporate governance are culture , public governance , and law enforcement. In order to fix those factors, there should be a joint efforts from the public sectore is needed to ensure a good corporate governance will be occure. A study also conducted by Maria Andersson and Manal Daoud (2005) using the agency theory to test the factors that influence the corporate governance disclosure information in Swedish listed corporations. Using 41 listed companies in Swedish as an example , according to they research it found out that factors that influence the corporations are the parents company it self and the size of the corporation in disclose the corporate governance information. They also find out that agency theory is not a proper theory to find the influence of corporations in disclose information about corporate governance. Zheng Fan , Liyan Wang , Jidong Zhang (2008) they conduct a research about the relation of company motivation in voluntary disclosure will effect the earning quallity of the company. The research information was taken from the Chinese capital market in 2004-2006 period. And the results of their result is that the company disclosure data and corporate governance of the company will not effects the earning quality of the company. There are many companies in different countries that already adopted a good corporate governance. When a lot company have adopted a good corporate governance and shows the transparency of the company performance, it will be easier for the investors to choose in which country they will invest in. But in some countries such as Indonesia there are still some difficulties in adopting a good corporate governce. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects the corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Indonesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Dudi M. Kurniawan and Nur Indiriantoro (2000) did a research about the status of corporate governance in Indonesia. And the findings of the study were divided into 5 different parts which are factors that influence the corporate governance status in a company. The first part of his research was about the ownership structure in Indonesia companies. And he found out that Indonesia had two boards in corporate governance system which is not effective for the company. The second part of his research was about the efforts to develop the corporate governance in Indonesia , and he found out that Indonesia corporate governance still need a help from the international countries. The third part of his research was about the accounting standards in Indonesia which should be written according to the basic of International Accounting Standards. The fourth part of his research tell us about audit standards and the audit profession in Indonesia. He suggested that Indonesian auditors need to pay atte ntion to the standards in Indonesia. It is because according to his research a lot of Indonesian auditors look for USA auditors standards and forgeting the standards in his country. This will be a crucial effects for the company. And according to his research the cause of Indonesian financial crisis in 1997 was the auditors in Indonesia miss ditection of fraud that happened in most of companies in Indonesia. This fraud make a lot of company in Indonesia collapse.The fifth parts of his research found out the disclosure data of corporate Indonesia still need to be more transparancy to the public. So from his research conclude that there are a lot of challenges in conducting a good corporate governance in Indonesia but those challenges can be minimize if there is an efforts to conducting a good corporate governance from inside the company. Werner R. Murhadi (2009) did a research using some information from the Indonesia Stock exchange in period 2005-2007 specializes in manufacture companies to test the performance of the corporate governance in Indonesia. He was using five good corporate governance indicators which are independent commisioner , CEO duality , audit committee , top share , and shareholders coalition to investigate rather it will effects the earning management practices. The findings of the research was a good corporate governance will effect earning management practices which done by the company. Another thing that he found out from the research was a lot of companies in Indonesia do EM ( Earning Management ) with negative leans. The purpose of the company do that is to make their revenue look smaller which can help the company to avoiding tax. Sanjeev Bhojraj and Partha Sengupta (2001) they conducted research about the effect of corporate governance to the bond ratings and yield. They found out that corporate governance mechanisms will reduce conflicts of interest between the directors and the providers by monitoring to their actions. And they were also found out that company which have a greater institutional ownership and got influence by the external control of the board will have a lower bond yields and high ratings for the new bond issues. From the research they are suggested that company that are facing stronger external monitoring from the governance mechanisms are rewarded with low yields and high bond ratings. Monitoring the situation of the company should be maintain so it will stabilize the firm value of the company. Sridhar Arcot and Valentina G. Bruno (2009) studied about the different type of corporate governance will effects the firm performance. Their studied the effects of law in a country to the corporate governance mechanism. Since law and regulation is different from one country to the others, according Sridar and Valentina company must adjust to that law especially for the multinational firms. Disclosing corporate governance report is one of the important factor because they found out some of the governance report was uninformative which mean it was not clear. The impact of the weak corporate governace was it shows the the inefficient use of the firms resources which can lead to the poor operating income. Benny Simon Tabalujan (2002) studied factors that made the corporate governance in Indonesia failed. Since the financial crisis in Indonesia which is around 1990à ¢Ã¢â€š ¬Ã¢â€ž ¢s there are a lot of trouble that effects the corporate governance system in Indonesia. The most influence factors that he found out were the legal culture and the law. According to his research Indonesia had so much law that must be follow , the law will make some difficulties for the company to perform. He was suggested that Indonesia need to less down those law and regulation for the company so company can perform well in the future. Siti Nuryanah (2009) said there are still a problem in Indonesia corporate governance specially in audit committee. The problems in audit committee in Indonesia is that they holding a double positions in other companies, which it make the audit committee is not efficient in doing the works. And also , there are some company that does not have an audit committee. By not having an audit committee will become a problem for the board of committe in taking a decision. The research found out that 30 % from the JSX (Jakarta Stock Exchange) public listed companies does not have independent commisioners. Although that kind of problem occure , from her results it was found out that most of the companies in Indonesia have complied with the regulation of corporate governance. Chapter 3 Methodology 3.1 Data The data of this project was taken from annual report in Indonesia stock exchange, IICD (Indonesia Institute for Corporate Directorship) reports which is the latest report, and 100 questioners which is given to the working people in Indonesia. The questioner was translating into Indonesia Language. 3.2 Methodology In this project there are two-research question that can lead to the answer of this research project. Each of the research questions will be tested in different type of statistical analysis test. The two-research questions of this project are: First: Is it true that adopting good corporate governance will attract more investors? Second: Using some factors in corporate governance reports, does most company in Indonesia have report their corporate governance data transparently? By using these research questions, several questions in the questionnaire had been made to gather answers from the respondents which then it will be linked back to answer the research questions. Inside the questioner there are divided into two section. The first section of the questioner is basic question about the corporate governance and the employee posisition in a company which they are working. The second section of the questioner is the important answer for this project which is contain all information that will be used to analyze. As for the following questions in the questionnaires, respondents will be asked about questions which are mostly related to the research questions 3.2.1 Research Question 1 Is it true that adopting good corporate governance will increse the company performance ? Hypothesis: H1: good corporate governance will give a significant effect to the company performance H0: good corporate governance will not give a significant effect to the company perfirmance From the research that was conducted by Lawrence D. Brown and Marcus L. Caylor (2004) said that there were some advantages in adopting a good corporate governance. He was using a sample of 2,327 companies and based on 51 corporate governance provisions that are provided by Institutional Investor Services (ISS). And found out that company that are better governed are relatively got a better income or more profitable and most of the shareholders got more dividend from the company. Another people that argued about corporate governance mechanisms were Sanjev Bhojraj and Partha Sengupta they found out corporate governance mechanism can reduce a conflicts of interest between the directors. And also a company should monitoring inside the company so the goodness performance of the company can be maintain. From this type of question, from the statement above I would like to test whether companies that have a good corporate governance will have a lot of investors in it and also is it will attract more investors to the company. Using the survey question, it will guide to the answer of this question which are : How effective is the corporate governance report being used in your company? In your opinion, does good corporate governance will attract more investor? H0: à ? = 0 (There is no correlation between corporate governance and number of investors) H1: à ? à ¢Ã¢â‚¬ °Ã‚   0 (There is a correlation between corporate governance and number of investors) Sample correlation coefficient, commonly denoted  r, is calculated as following: Where X and Y are the sample means. T-test for correlation formula: 3.2.2 Research Question 2 Does most company in Indonesia have reported their corporate governance activity data transparently and disclosed it to the public on time ? Hypothesis: H1: All of the companies in Indonesia have disclosed their corporate governance activity transparently and on time H0: Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time Werner R. Murhadi (2009) explored some information period 2005-2007 in Indonesia Stock Exchange specializes in manufacture companies to test the performance of the corporate governance in Indonesia. One of the result from his research was, he found out a lot of companies in Indonesia still not develop transparency in reporting data of the company. A lot of companies want to avoid tax by creating an incorrect data, which is making the revenue of the company looks smaller. Another researcher were Zheng Fan , Liyan Wang , Jidong Zhang (2008) they are argued that the company disclosure data and corporate governance of the company will not effects the earning quality of the company I would like to test whether most of the companies in Indonesia have disclosed their coporate governance data transparently. Because a good corporate governance will show a transparency data, all the performance of the companies which is bad or good must be inform to the public. One à ¢Ã¢â€š ¬Ã¢â‚¬Å"Way Anova (Parametric Test) From using this type of test , data that used to this test will be from question number 7, question number 8, question number 9 and question number 10 , the question from the survey have been desing will be in a way that respondents are asked to rate . This test is used to test the equality of 3 or more means by using the variances. H0:  µ1=  µ2=  µ3=  µ4 ( Most companies in Indonesia have disclosed their corporate governance activity transparently and on time) H1:  µ1à ¢Ã¢â‚¬ °Ã‚    µ2à ¢Ã¢â‚¬ °Ã‚    µ3à ¢Ã¢â‚¬ °Ã‚    µ4 ( Not all of the companies in Indonesia have not disclose their corporate governance activity transparently and on time) The formulas for the various sums of squares are as follows: SSE = SST à ¢Ã¢â€š ¬Ã¢â‚¬Å" SSA X = sample value ith item in the jth sample n = total sample size Xj = sample value of jth sample nj = size of the jth sample We will get the respective variances if we divide the sum of squares of SSA and SSE which are as follows: F-test formula: P-value: Degrees of freedom = k-1 Degrees of freedom = n-k These two values will be used to find the critical values for the F statistic and helps us to know whether the p-value is less than or more than the significance level. Conclusion: A null hypothesis will be rejected when the significant value from the test is lower than 5 percent 3.2.3 Limitations In this project there are some limitations in it. This project only representing a small objectives of coporate governance practices in Indonesia. Moreover, the data collected from this study are limited which is only from the Indonesia Institute of Corporate directorship and 100 questioners that had been given the working people in Indonesia. Chapter 4 Findings and Analysis 4.1 Data Statistic of Questioner Section 1 4.1.1 Statistics Questioner that was Given To the Respondent N Valid 100 Missing Total Respond 7 93 From the table 4.1.1, It shows that there are 100 valid questioner that have been produced but the respond that can be used only 93 because the other 7 questioner are missing or cannot be use. 4.1.2 Number of respondent that know corporate governance Frequency Percent Valid Percent Cumulative Percent Valid Yes 71 76.3 76.3 76.3 No 22 23.7 23.7 100.0 Total 93 100.0 100.0 4.1.3 Respondent Knowledge Of Corporate Governance Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 5 7.0 7.0 7.0 Bad 17 23.9 23.9 31.0 Neutral 19 26.8 26.8 57.7 Good 19 26.8 26.8 84.5 Very Good 11 15.5 15.5 100.0 Total 71 100.0 100.0 4.1.4 Respondent Status In Company Frequency Percent Valid Percent Cumulative Percent Valid Director 19 26.8 26.8 26.8 Manager 11 15.5 15.5 42.3 Supervisor 13 18.3 18.3 60.6 Non-Supervisor 28 39.4 39.4 100.0 Total 71 100.0 100.0 4.1.5 Relationship Of Directors and Shareholders in Respondent Company Frequency Percent Valid Percent Cumulative Percent Valid Very Bad 7 9.9 9.9 9.9 Bad 18 25.4 25.4 35.2 Neutral 13 18.3 18.3 53.5 Good 26 36.6 36.6 90.1 Very Good 7 9.9 9.9 100.0 Total 71 100.0 100.0 4.2 Data Statistic of Questioner Section 2 Using pearson 4.2.1 Correlations between corporate governance and Shareholders Performance CG effectiveness Shareholders Performance CGeffectiveness Pearson Correlation 1 .219 Sig. (2-tailed) .066 N 71 71 ShareholdersPerformance Pearson Correlation .219 1 Sig. (2-tailed) .066 N 71 71 4.2.2 Correlations between Corporate governance and Commisioners Performance CG effectiveness Commisioners Performance CGeffectiveness Pearson Correlation 1 -.019 Sig. (2-tailed) .875 N 71 71 CommisionersPerformance Pearson Correlation -.019 1 Sig. (2-tailed) .875 N 71 71 4.2.3 Correlations between Corporate governance and Directors Performance CGeffectiveness DirectorsPerformance CGeffectiveness Pearson Correlation 1 .396** Sig. (2-tailed) .001 N 71 71 DirectorsPerformance Pearson Correlation .396** 1 Sig. (2-tailed) .001 N 71 71 **. Correlation is significant at the 0.01 level (2-tailed). IICD ( Indonesia Institute of Corporate Directorship) have made a report about the corporate governance status in Indonesia. Since the corporate governance report 2009 have not been come out yet, I am using the data from the year 2008 which is issued in 2009 by the IICD institute. Corporate Governance Performance by SOEs, Bank, and Overall Category Mean Score of Corporate Governance Performance (%) 2008 Study Previous Study SOEs 76.80 74.63 Banking 75.55 71.11 Overall 61.26 67.29 The table above shows the performance of corporate governance in Indonesia Listed company. The data show in two different categories which are State Owned Enterprises sector and Banking sector. There were difference in Corporate governance performance between the SOEs variable and Banking variable. The SOEs performance was 75.20 %, while Banking was only 56.50 %. However, there are some improvement of corporate covernance practices in both of the group. There were around four percent of increasement for those top quartile and bottom quartile respectively. It is still challenging tasks facing Indonesian corporations, regulatory bodies, and other governance-related institutions how to enhance the commitment of these bottom quartile companies to good corporate governance practices as well as those companies with corporate governace performance between the top and the bottom quartile. This does not mean that attention to those top quartile firms is not necessary. In the meantime, empiric al evidence shows that corporate governance is significantly correlated to companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic performance, although the correlation is weak. OECD Principles Mean Score (%) 2008 Study Previous Study Rights of Shareholders 50.37 51.23 Equitable Treatment of Shareholders 86.35 83.02 Role of Stakeholders 63.64 58.76 Disclosure and Transparency 70.81 66.64 Responsibilities of the Board 59.02 52.36 Overall Mean Score 64.96 61.26 Using the instrument from OECD ( Organization for Economic Co-Operation and Development) the IICD institute has conducted a survey which was given to the 314 public listed company in Indonesia. Inside the survey they are consisting 5 principles of OECD which are : Rights of Shareholders , Equitable Treatment of Shareholders , Role of Stakeholders , Disclosure and Transparency , and Responsibilities of the board. From the survey the IICD institute analyze the status of corporate governance in Indonesia in the year 2008. The results of research shows there are deflation in rights of shareholders in the year 2008 which is 50.37 % and from the previous study it shows that 51.23 %. But others factors for corporate governance in Indonesia had been increase in 2008, such as equitable treatment of shareholders in the year 2008 was 86.35% which is shows an advancement comparing to the previous study only 83.02 %. The role of stakeholders percentage also rise up in the year 2008 which is 63.64 % comparing to the previous study which in only 58.76%. Other factors that have been changing which is disclosure and transparency of the company, in the year 2008 it reach 70.81 % and the previous study only reach 52.36 %. The last factors that upsurged was responsibilities of the board, in the year 2008 in achieve 59.02 % and the previous study only 52.36 %. The overall mean score of the year 2008 was 64.96 % and the previous study was 61.26 %. The data shows that by using the OECD principles , the situation of corporate governance in Indonesia is getting better. Chapter 5 Conclusion and Recommendatio