Search results
1 – 10 of 424Considers the Investors in People programme and the quality standard ISO 9002 and suggests that many companies approach these standards in an exclusive manner, seeking…
Abstract
Considers the Investors in People programme and the quality standard ISO 9002 and suggests that many companies approach these standards in an exclusive manner, seeking accreditation to one or the other; few companies consider the merits of concurrently running accreditation programmes to both. Discusses the advantages to be gained from both and gives advice on implementing programmes which will conform to the standards’ requirements. Concludes that combination of the two standards leads to a company gaining the best of both worlds; by developing individuals within the operation so that they may contribute fully to the success of the business, and by setting the appropriate standards to follow, in order to provide the customer with a consistently high quality product.
Breon S. Peace, Jennifer Kennedy Park, Robin M. Bergen and Nowell D. Bamberger
To explain and analyze two Enforcement Advisories that set forth the factors the US Commodity Futures Trading Commission Division of Enforcement may consider in assessing…
Abstract
Purpose
To explain and analyze two Enforcement Advisories that set forth the factors the US Commodity Futures Trading Commission Division of Enforcement may consider in assessing cooperation by companies and individuals in the context of CFTC enforcement proceedings.
Design/methodology/approach
Explains the background, including the 2007 Enforcement Advisory for Companies. Explains the 2017 Enforcement Advisory for Companies and the parallel Enforcement Advisory for Individuals, including policy-based considerations and factors such as the materiality, timeliness, nature, and quality of a company’s cooperation; the value of a company’s cooperation to the Commission’s broader law enforcement interests; and the company’s culpability, culture and other relevant factors. Provides examples of uncooperative conduct. Discusses a broader trend among enforcement authorities in the US and abroad of setting higher cooperation standards.
Findings
The new Advisories make clear that merely complying with requests for information from the CFTC staff will not be sufficient; a company or individual seeking cooperation credit as part of a resolution with the CFTC must go above and beyond its legal obligations in order to qualify for such credit.
Originality/value
Practical guidance from experienced white collar defense, regulatory enforcement, civil litigation and arbitration lawyers.
Details
Keywords
Eric K. Clemons, Michael C. Row and Ravi Venkateswaran
Presents a case study of the plans to restructure a largecorporation′s information systems. Stresses that the decision wastactical, rather than as a result of measuring possible…
Abstract
Presents a case study of the plans to restructure a large corporation′s information systems. Stresses that the decision was tactical, rather than as a result of measuring possible return on investment. Concludes that the risk can be minimised by taking certain fundamental precautions.
Details
Keywords
Abstract
Details
Keywords
Matthew C. Solomon, Robin M. Bergen and Alexis Collins
To discuss and analyze the US Securities and Exchange Commission’s (SEC’s) FY 2017 Annual Report, which details its priorities for the coming year and evaluates enforcement…
Abstract
Purpose
To discuss and analyze the US Securities and Exchange Commission’s (SEC’s) FY 2017 Annual Report, which details its priorities for the coming year and evaluates enforcement actions that occurred during FY2017.
Design/methodology/approach
Summarizes key shifts from FY 2016, outlines the Enforcement Division’s current priorities, and, in view of its stated focus on the conduct of investment professionals and protection of retail investors, provides guidance to the investment management industry as it gears up for the coming year.
Findings
The Report provides insight into changes in the SEC’s approach to enforcement actions, including a general shift in tone suggesting a more measured approach to enforcement and remedies and a move away from a statistics-oriented approach, and a glimpse into its priorities for the coming year, including five core principles guiding the Division’s enforcement decisions.
Practical implications
As those in the asset management industry consider revisions to their policies and procedures for FY 2018, as well as their risk profile more generally, they should keep in mind key insights into the Commission’s enforcement strategy offered by the Report.
Originality/value
Practical guidance from experienced securities enforcement, litigation, compliance and anti-corruption lawyers.
Details
Keywords
Katharine K. Baker and Michelle Oberman
This paper evaluates the modern baseline presumption of nonconsent in sexual assault (rape) cases in light of different theories of sexuality (feminism on the one hand and sex…
Abstract
This paper evaluates the modern baseline presumption of nonconsent in sexual assault (rape) cases in light of different theories of sexuality (feminism on the one hand and sex positivism/queer theory on the other) and in light of how sexuality manifests itself in the lives of contemporary young women. The authors analyze social science literature on contemporary heterosexual practices such as sexting and hook-ups, as well as contemporary media imagery, to inform a contemporary understanding of the ways in which young people perceive and experience sex. Using this evidence as a foundation, the authors reconsider the ongoing utility of a baseline presumption of nonconsent in sexual assault cases. This paper demonstrates the complex relationship between women’s sexual autonomy, the contemporary culture’s encouragement of women’s celebration of their own sexual objectification and the persistence of high rates of unwanted sex. In the end, it demonstrates why a legal presumption against consent may neither reduce the rate of nonconsensual sex, nor raise the rate of reported rapes. At the same time, it shows how the presumption itself is unlikely to generate harmful consequences: if it deters anything, it likely deters unwanted sex, whether consented to or not.
Details
Keywords
Robin Ryan, Jasmin Williams and Alison Simpson
The purpose is to review the formation, event management, performance development and consumption of South East Australia’s inaugural 2018 Giiyong Festival with emphasis on the…
Abstract
Purpose
The purpose is to review the formation, event management, performance development and consumption of South East Australia’s inaugural 2018 Giiyong Festival with emphasis on the sociocultural imaginary and political positionings of its shared theatre of arts.
Design/methodology/approach
A trialogue between a musicologist, festival director and Indigenous stakeholder accrues qualitative ethnographic findings for discussion and analysis of the organic growth and productive functioning of the festival.
Findings
As an unprecedented moment of large-scale unity between First and non-First Nations Peoples in South East Australia, Giiyong Festival elevated the value of Indigenous business, culture and society in the regional marketplace. The performing arts, coupled with linguistic and visual idioms, worked to invigorate the Yuin cultural landscape.
Research limitations/implications
Additional research was curtailed as COVID-19 shutdowns forced the cancellation of Giiyong Festival (2020). Opportunities for regional Indigenous arts to subsist as a source for live cultural expression are scoped.
Practical implications
Music and dance are renewable cultural resources, and when performed live within festival contexts they work to sustain Indigenous identities. When aligned with Indigenous knowledge and languages, they impart central agency to First Nations Peoples in Australia.
Social implications
The marketing of First Nations arts contributes broadly to high political stakes surrounding the overdue Constitutional Recognition of Australia's Indigenous Peoples.
Originality/value
The inclusive voices of a festival director and Indigenous manager augment a scholarly study of SE Australia's first large Aboriginal cultural festival that supplements pre-existing findings on Northern Australian festivals.
Details
Keywords
Stephan Körner and Frank Holzäpfel
Wake vortices that are generated by an aircraft as a consequence of lift constitute a potential danger to the following aircraft. To predict and avoid dangerous situations, wake…
Abstract
Purpose
Wake vortices that are generated by an aircraft as a consequence of lift constitute a potential danger to the following aircraft. To predict and avoid dangerous situations, wake vortex transport and decay models have been developed. Being based on different model physics, they can complement each other with their individual strengths. This paper investigates the skill of a Multi-Model Ensemble (MME) approach to improve prediction performance. Therefore, this paper aims to use wake vortex models developed by NASA (APA3.2, APA3.4, TDP2.1) and by DLR (P2P). Furthermore, this paper analyzes the possibility to use the ensemble spread to compute uncertainty envelopes.
Design/methodology/approach
An MME approach called Reliability Ensemble Averaging (REA) is adapted and used to the wake vortex predictions. To train the ensemble, a set of wake vortex measurements accomplished at the airports of Frankfurt (WakeFRA), Munich (WakeMUC) and at a special airport Oberpfaffenhofen was applied.
Findings
The REA approach can outperform the best member of the ensemble, on average, regarding the root-mean-square error. Moreover, the ensemble delivers reasonable uncertainty envelopes.
Practical implications
Reliable wake vortex predictions may be applicable for both tactical optimization of aircraft separation at airports and airborne wake vortex prediction and avoidance.
Originality/value
Ensemble approaches are widely used in weather forecasting, but they have never been applied to wake vortex predictions. Until today, the uncertainty envelopes for wake vortex forecasts have been computed among others from perturbed initial conditions or perturbed physics as well as from uncertainties from environmental conditions or from safety margins but not from the spread of structurally independent model forecasts.
Details
Keywords
The purpose of this paper is to investigate the oil price–bank risk nexus by considering the heterogeneity of bank characters.
Abstract
Purpose
The purpose of this paper is to investigate the oil price–bank risk nexus by considering the heterogeneity of bank characters.
Design/methodology/approach
This paper empirically tests the effect of oil price movements on bank credit risk by using a sample of 279 banks in the Middle East and North Africa countries from 2011 to 2017.
Findings
Authors find robust evidence that the credit risk of bank loan portfolios is negatively associated with increased oil prices. The heterogeneity analysis indicates that the effect of asset quality improvement brought about by rising oil prices is more salient in conventional banks, and banks with small size, low liquidity and whose funding source relies on customers’ deposits.
Practical implications
The results favor the diversification of bank funding sources, the improvement of a country’s financial development, the adoption of explicit deposit insurance and macroprudential policies, such as countercyclical liquidity buffers, to weaken the adverse impact of oil prices declines.
Originality/value
The present paper enriches the literature of oil price–bank risk nexus by analyzing the heterogeneity of bank characters and advances our knowledge on the determined factors of bank riskiness and vulnerability.
Details