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The purpose of this paper is to investigate the relationship between board diversity, as represented by the percentage of female, minority or female and minority directors on the boards of directors, and firm financial performance, and to explore the potential determinants of board diversity, using data from the Australian corporate sector.

The paper uses the top 500 Australian companies as the initial data‐set. Firm performance measures include return on assets, return on equity and shareholder return. Several control variables are introduced in the regression analysis.

The results indicate that gender and racial diversity do not have significant influence on performance. It is reported that larger firms tend to have relatively more female members, and smaller firms or firms with larger boards may have more minority directors.

The findings should not be extrapolated to all firms as the sample is restricted to listed companies. To examine the complete impact of board diversity future research could consider non‐financial performance indicators.

The analysis shows that greater diversity does not lead to poor performance, which suggests that gender and racial diversity could be achieved without a negative effect on shareholder wealth.

In addition to giving improved evidence on the effect of gender diversity on performance, the paper may be the first study which ascertains whether there is a “business case” for greater minority participation in boardrooms in the Australian context.

South East Asia is the area for challenge, opportunities and expansion. An overview of the opportunities in various SE Asian regions is given, together with a commentary of how these opportunities can be seized and capitalised upon.

The purpose of this study was to investigate how senior accounting staff in Victorian local authorities are recording and reporting infrastructure assets (IAs) with their relevant depreciation in General Purpose Financial Reports (GPFRs) and the decisions made from this information. IAs are long‐lived assets such as roads, drains and bridges. The introduction of Australian Accounting Standard No. 27 Financial Reporting by Local Governments (AAS27), which applies to all Australian local authorities require IAs to be reported in the balance sheet and depreciation to be charged in the operating statement in order to reflect the loss of service potential in the operating period concerned. Before AAS27, the purpose of public sector accounting was to demonstrate that funds have been raised and expended strictly within the authority of the annual budget on a cash basis. The efficiency and effectiveness of decision‐making by users of this cash‐based information was impaired with this short‐term charge/discharge objective. The study was carried out to determine if information provided in an accrual accounting environment would be more efficient and effective for decision making by users than cash‐based information.

The study included a comprehensive literature review then interviews with 15 chief financial officers from Victorian local authorities. These authorities represented inner metropolitan, outer metropolitan, rural city, large rural and small councils.

The study reported the implications for change to accrual accounting method in accounting for IAs and the efficiency and effectiveness for decision making by both internal and external users. The question answered is whether the information provided by accrual accounting is used in the management of IAs. In some areas, it has been used and the benefits show from both an efficiency and effectiveness perspective. Concerns with this issue were identified by academics, parliamentary inquires, accounting authorities and local government interest groups.

This study is a comprehensive review of how senior local government accounting management are using the information generated from AAS27 on IAs and what value it has in their decision making.

This index covers all issues between February 2005 (Volume 9, Issue 1) and November 2008 (Volume 12, Issue 4). Numbers in bold refer to yolume, numbers in brackets refer to issue, with subsequent numbers to pages.

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the American preemptive invasion and occupation of Afghanistan and Iraq and the subsequent prisoner abuse, such an existence seems to be farther and farther away from reality. The purpose of this work is to stop this dangerous trend by promoting justice, love, and peace through a change of the paradigm that is inconsistent with justice, love, and peace. The strong paradigm that created the strong nation like the U.S. and the strong man like George W. Bush have been the culprit, rather than the contributor, of the above three universal ideals. Thus, rather than justice, love, and peace, the strong paradigm resulted in in justice, hatred, and violence. In order to remove these three and related evils, what the world needs in the beginning of the third millenium is the weak paradigm. Through the acceptance of the latter paradigm, the golden mean or middle paradigm can be formulated, which is a synergy of the weak and the strong paradigm. In order to understand properly the meaning of these paradigms, however, some digression appears necessary.

The paper comprises an evaluation of the inclusion of art‐related education within a health promotion course for student nurses, which ran for four cohorts from 2001 to 2005, and a description of a project to introduce art into a clinical skills laboratory as part of the course.

The art‐related aspects of the course were evaluated by analysing qualitative comments from a questionnaire completed by a total of 83 students from the four cohorts. In addition, lecturers were invited to write their reflections. Only the 2003‐2004 cohort worked on the clinical skills laboratory art project in which students acted as a focus group, and later carried out interviews with patients.

The art‐related education was positively evaluated by most students, and appeared to have increased their awareness of health care environments. For some, it had promoted emotional awareness, empathy for patients and had been a therapeutic and enjoyable experience. A specification for art work to be introduced to the university's clinical skills laboratory was produced.

Using the arts in pre‐registration nurse education is relatively new in the UK, and this work provides an example of its potential to encourage empathy among student nurses for the experience of patients in health care settings. The paper provides an example of how art work could be introduced into health care settings.