Privacy On The Internet Essay - 1588 Words

Privacy on the Internet nbsp;nbsp;nbsp;nbsp;nbsp;Ever feel like you are being watched? How about having the feeling like some one is following you home from school? Well that is what it will be like if users do not have the privacy on the Internet they deserve. EPIC (Electronic Privacy Information Center), a advocacy group that has been fighting the Clinton Administration for tougher online consumer protection laws, and other privacy protection agencies have formed to protect the rights and privileges of the Internet user. With the U.S. Government, EPIC has had to step in and help small companies and Internet users with their own privacy problems, hackers getting into their systems and ruining the networks, and crackers stealing†¦show more content†¦Yes, Intel had some very good reasons for this amp;#8220;security feature; but the public did not think so. They tried to argue that if a chip was ever to be stolen they could track them down when the thief accessed the Internet (PC Computing 105). But how often do you hear of computer chips being stolen? Not at all. So why did Intel want to fight for this feature so much? They say because of the security over the widely growing Internet (107), but what it seems like to me and the public is mostly an invasion of the users privacy when companies get to greedy and want to know every thing about you, and your life. If it werenamp;#8217;t for EPIC, and the government getting involved in privacy issues, Intel would have its way on what ever they want, and we would have internet sites looking us up every day breaking our personal privacy. nbsp;nbsp;nbsp;nbsp;nbsp;Almost every one that has been on the Internet or that uses e-mail has heard of hacking. Hacking is very serious in some cases. How would you like a hacker to intercept your credit card number and start using it to buy his or her own stuff? A lot of us would not like that, because the hacker is stealing from us. When the Internet first started to develop, hackers could get into anything and do anything. They could change what ever they wanted and do what ever they please on any network. Since thoseShow MoreRelatedInternet Privacy And The Internet1895 Words   |  8 PagesInternet privacy is an issue that has constantly taken up a portion of the world stage for many years. Legislators are even now trying to find the delicate balance between Internet privacy and Internet security. The medium of the Internet is simply too new to be completely understood by lawmakers, and it will take some time before there is a complete grasp. Online Privacy and Facebook Nowadays, the new generation life without Facebook is almost unthinkable. Since its inception in 2004, this popularRead MoreInternet Privacy.1148 Words   |  5 PagesSolutions for Violations of Internet Privacy. In the past thirty years computer technology has been developing very rapidly. Internet in last decade has revolutionized the way how we conduct our lives and businesses. Internet has become a daily necessity we cannot live without. Development of Internet and wireless technologies together with advancement in miniature technology has made it possible for us to have access the internet on the go. Every year we expect new and more advance modelsRead MoreThe Privacy Of The Internet1737 Words   |  7 PagesIf a casual user of the internet were to Google a search for the word â€Å"privacy† as of June 2015, there would be close to 2 billion hits. Discussions of privacy, piracy and internet breaches are everywhere. The numerous Google hits show there is nearly universal agreement that (1) we have less privacy and more information than we used to, and (2) this is bad.Information itself is, of course, not bad, but as we have witnessed recently, even personnel record maintained by the United States governmentRead MoreInternet Privacy And The Internet954 Words   |  4 Pagesunauthorized information by computer, but they actually make the internet a safer place. With the growth of the internet comes the growth of hackers and internet privacy. New laws that would increase internet privacy and, limit hackers would halt the internets growth and development. Since the year 2000, the internet has grown enormously we can all agree and with this growth comes a growth of internet users. With all the internet users, online comes people trying to accuse their information byRead More Essay on Internet Privacy - Invasion of Privacy on the Internet964 Words   |  4 PagesInvasion of Privacy on the Internet       Invasion of privacy is a serious issue concerning the Internet, as e-mails can be read if not encrypted, and cookies can track a user and store personal information. Lack of privacy policies and employee monitoring threatens security also. Individuals should have the right to protect themselves as much as possible from privacy invasion and shouldnt have to give in to lowered standards of safety being pursued by the government.    EncryptionRead MoreInternet Privacy1375 Words   |  6 PagesA Right to Privacy? What a Joke! It has become a sad and upsetting fact that in todays society the truth is that the right to ones privacy in the I.T (information technological) world has become, simply a joke. In an electronic media article No place to hide, written by James Norman, two interesting and debatable questions were raised: ‘Are we witnessing the erosion of the demarcation of public and private spaces brought on by the networked economy and new technology? Also, ‘What rolesRead MorePrivacy on the Internet1616 Words   |  7 PagesPrivacy on the Internet Ever feel like you are being watched? How about having the feeling like some one is following you home from school? Well that is what it will be like if users do not have the privacy on the Internet they deserve. EPIC (Electronic Privacy Information Center), a advocacy group that has been fighting the Clinton Administration for tougher online consumer protection laws, and other privacy protection agencies have formed to protect the rights and privileges of the InternetRead MoreInternet Privacy1946 Words   |  8 PagesInternet Privacy The concern about privacy on the Internet is increasingly becoming an issue of international dispute. ?Citizens are becoming concerned that the most intimate details of their daily lives are being monitored, searched and recorded.? (www.britannica.com) 81% of Net users are concerned about threats to their privacy while online. The greatest threat to privacy comes from the construction of e-commerce alone, and not from state agents. E-commerce is structured on the copy andRead More Essay on Internet Privacy - Cookies and Privacy on the Internet1385 Words   |  6 PagesCookies: Privacy on the Internet?      Ã‚   Today, many web sites on the internet can use cookies to keep track of passwords and usernames and track the sites a particular user visits (Cookiecentral.com). But, the use of cookies to track users browsing habits is becoming a concern of many internet users. These concerned people are beginning to think of cookies as an invasion of privacy. Companies with web sites can use cookies to track what sites you visit frequently and then select specificRead MoreInternet Privacy : An Analysis Of The Internet1380 Words   |  6 PagesInternet Privacy: An Analysis of â€Å"The Internet is a Surveillance State† Since its inception in the late 1960s, the internet has changed the expansion of communications to new levels. Facebook, Twitter, Linkedin and many others have provided the public with means of communication. The sharing of photos, thoughts and even ideas has become a more prevalent event for everyone as time has progressed. Computers, tablets, and phones are used widely each day for social media sites, as well as purchasing

Family And Living Situation Shaquille Godwin - 930 Words

Family/Living Situation – Shaquille Godwin is a 19 year old Black male without children. He is the product of the non-marital relationship between his mother and father, and the fifth oldest of 13 biological siblings. Shaquille was removed from his biological home around the age five. He was part of a three-sibling set removed at that time. His mother and father were accused of child neglect and physical abuse. Additionally, Shaquille was the victim of sexual assault by an older sibling in the home. Shaquille shares that his biological mother continues to use illegal drugs, and his father continues to be an active alcoholic. He was placed in general foster care and eventually was placed in a treatment foster care (TFC) home due to aggressive behaviors. His TFC parent, Charlyn Godwin, became an adoptive parent to Shaquille and his younger brother, Johnnie. Ms. Godwin describes Shaquille as â€Å"a nice person who’s had a hard life.† Ms. Godwin says that Shaquille’s biggest challenges were in the school setting. Shaquille says that Ms. Godwin routinely left him to his own devices and paid more attention to her needs than his. Eventually, she was unable to meet his educational an d behavioral needs, and returned him to the foster care system. Following his return to foster care, Shaquille says that he was placed with a foster family that left him at a Boys Girls Club. He does not know why he was left there and was eventually placed with Shelly Tucker. Mr. Tucker, also a TFC

Corporations and Markets Advisory Committee †MyAssignmenthelp.com

Question: Discuss about the Corporations and Markets Advisory Committee. Answer: Introduction: The client Howard Jones (Client) has requested to be advised on the aspect of crowdfunding with respect to his new venture for an idea that would double the life of batteries, instead of going for the traditional Corporate Funding management under Chapter 6D of the Corporations Act 2001, he would like to opt for the crowdfunding source. The first thing that needs to be understood is the meaning of crowdfunding. Crowdfunding is new method of raising capital which is internet based, where small amount of money is pooled by individuals. This approach is quite attractive for entrepreneurs like the Client since it allows not only to raise the capital for a small business which have very limited options when it comes to financing, but it also helps as an essential tool in testing the marketability of the idea.[1] The possibility of contributing to an idea that they have faith in is enjoyed by the individuals, even if it is a small amount that they are able to invest. This effect also has a positive effect on the economy by way of creating new jobs, fostering recovery of the economy and innovations, due to which this approach is appreciated by the government. The benefit for crowdfunding can be explored by musicians, artists, not for profit organizations or businesses like the Client. Crowdfunding functions by possible fundraising through various small donations from a crowd or a large group of people. For the Clients business management crowdfunding can be used as a platform for raising funds at various stages. From the seed phase where the viability of the idea is being investigated to the capital seeking stage for expansion to support in manufacturing. The activities of crowdfunding take place through websites and there are various websites that can be accessed for this.[3] Particularly for the entrepreneurs like the Client and SMEs as discussed above crowdfunding can prove to be extremely attractive as apart from raising capital and acting as a market viability tool, unlike a debt financing traditionally, it does not require generally: detailed due diligence or credit assessment; a securable asset base that is underlying; or formal execution of documents for finance or negotiation with the financiers. There four types of crowdfunding which are accepted generally, first being the reward-based crowdfunding wherein the contributions are made financially with the expectation of benefit in the future or current good. Second being the donation based crowdfunding wherein for a social cause the contributions are pooled in. Third is equity based crowdfunding, wherein the contributions made are in anticipation that there would be a stake in the company growing. Finally there is the lending based crowdfunding where the financial contributions made are discrete which are collected and offered as a debt that is to be repaid with interest.[4] To reiterate, the Client via crowdfunding business platform will be able to raise finance from the people or the crowd. A platform is provided by the crowdfunding business online frown which the client will be able to showcase its product and idea to the audience online. In its simplest form the Client would be required to create the content which would be pitched as an idea on crowdfunding business platform and financial contribution be asked for the same (Arts Law, 2014; Gerber 2014). There have been various examples of successful crowdfunding, on a particular platform one of the division that is principal is regarding the project type. One of the most prominent platform for crowdfunding Kickstarter is dedicated to projects that are creative. On the other hand sites like Indiegogo is more general in nature and allows campaigns of any type. There are various crowdfunding which concentrate only on social causes and still others for scientific research, healthcare, startups, small businesses and research. A popular category on both gaming focused and general platforms is Gaming. Focus of crowdfunding commentary and activity has also been on Citizen Journalism, however this is not an exhaustive list. The crowdfunding world is diverse and there are various crowdfunding activities similar to that of the Client that have been successful. This model can be used by the Client for raising finances for his (legal) enterprise. The mode of cultural production can be circumvented and supplemented by way of crowdfunding management. For example the video game Double Fine Adventure the fundraising conducted provides an explicit and useful example. It was explained by the producer of the game as a part of the pitch for Kickstarter that: Big games cost big money ... To finance the production, promotion, and distribution of these massive undertakings, companies like Double Fine have to rely on external sources like publishers, investment firms, or loans. And while they fulfill an important role in the process, their involvement also comes with significant strings attached that can pull the game in the wrong directions or even cancel its production altogether This situation and pitch is important to understand for the Client as for a start-up it is important to be able to control the development and proceed without hindrance. Websites like Kickstarter which are for raising crowdfunding will prove to be essential for raising fund for the implementation of the idea and its development of the Client. Like the crowdfunding for the game, they help in democratizing the process by allowing the consumers to be able to support the project, they want to see the development and freedom is given to the developers for experimenting, design, taking of risk without their being a compromise by anyone else on the vision. This is the type of luxury that is not available with most of the established studios. It is also important to note the various relationship in this setting between the producer and the consumer. There were some 87,0000 backers for the Double Fine Adventure who were curious to see the ability of the producer of the game. A website Double Fine Adventure was established by the producers in which a detailed information about the project was given which included where the finance was spent and updates regarding the storyboard, character, programming and art. There was also access given to the backers on private where interaction could be made with producers and they could comment on the development of the game. This was a deliberate building of a community by the producer. Apart from commercial crowdfunding examples of which have been discussed above, there is another subset of crowdfunding which has emerged that is of civic crowdfunding which provides the community with public service. An element of public good is involved, though this concept in itself is heavily contested. There is a multi-billion dollar market of crowdfunding, there is already one major example that Australia has seen which may be described as civic crowdfunding.[5] The Climate Commission, which is an independent advisory body on change in climate, in 2013 was dismantled by the Australian government that was newly elected. The organization was re-launched not long after through an initiative of crowdfunding. Now it is called as the Climate Council and is said to be the largest initiative of crowdfunding in Austrlia and an operation budget of $1 million has been raised by it. It was remarked by the Commonwealth Environment Minister at the launch of the Council that: thats the great thing about democracy, its a free country and it proves our point that the [climate] commission didnt have to be a taxpayer funded body [6] Wherever there is public interest that is involved as in this case meaning thereby that they related to ethical, intellectual property, human rights, human health and ecology. Thus considering the nature of the initiative of the client it could principally fall under the category of civic funding as well, as it concerns the ecology as well as betterment of human health and thus there is involved public interest in the development of his idea.[7] The legislative framework that has been enacted for crowdsource funding is by way of amending the The Corporations Act, 2001 by The Corporations Amendment (Crowd-sourced Funding) Act 2017 and also making minor amendments in the Australian Securities and Investments Commission Act 2001.[8] The CSG regime in general has reduced the regulatory requirement for fundraising by the public while at the same time it has maintained the protection measures with respect to appropriate investor. An Australian Financial Services (AFS) is required to be held by the CSF provider.[9] Royal Assent was received by this Act on 28 March 2017 and shall come into effect from 29th of September 2017. Once this comes into effect the ASIC will be able to accept: intermediary applications for AFS License with authority to provide services relating to CFS post this date; and application for registering new public companies or for the conversion of existing proprietary companies for being eligible for exemptions of corporate governance under the regime of CFS. The two bills which have come into effect and which need to be regarded for the CFS are as mentioned below: Corporations Amendment (Crowd-Sourced funding) Act [11], this Act has been introduced for establishing a regulatory framework for facilitation of CSF by unlisted small public companies. It includes, requirement of eligibility for company to be able to raise fund via CFS which include for CSF offers disclosure requirement (Chapter 2). Obligation of the CSF intermediaries for facilitation of offers of CSF (Chapter 3). the process on how the offer of CSF management is to be made (Chapter 4), rules with respect to defective disclosure as CSF offers part (Chapter 5) and provisions with respect to protection of investors. There are consequential amendment that have been made by Schedule I of the Act to the Australian Securities and Investments Commission Act 2001 (ASIC Act) for including services related to crowdfunding as defined in the Act, in the various financial services that the ASIC Act covers. Schedule 2 provides for the new public companies which are eligible for crowdfunding with temporary relief from the requirement of corporate governance and reporting (Chapter 7). For supporting regime of CSF temporary relief is provided to these companies by way of concessions. This can prove beneficial for the Client for starting up his venture. There is also greater flexibility which is provided under the Schedule 3 for settlement and clearing facility of licenses. Corporations amendment (crowd-sourced funding for proprietary companies) Regulations 2017, this bill is introduced for the extension to proprietary companies the regime of CSF, making available for small businesses funding source, while maintaining the protection that is adequate for the investors through placing on companies additional obligations.[12] The guidance of ASIC as the regulator which is responsible for financial service and fundraising activity it is involved with the Government and the treasury for the development of a regime for CSF.[13] They are at the moment for being able to assist further with the development of industry of CSG in consultation on drafting a regulatory guidance for intermediaries that are seeking to provide services relating to CSF and drafting of regulatory guidance that will aid in the assistance of the companies which are seeking to raise funds on a intermediary CSF platform. The various developed markets across the globe such as Italy, New Zealand and United, have acknowledge the crowdfundings arrival as a source that is genuine for finance to complement the traditional equity and debt financing.[14] These jurisdictions have rather than attempting to reconcile crowdfunding with the regulatory requirements that are already in existence, been proactively discussing, developing and implementing laws for the regulation of the financing from crowd source. New Zealand introduced a comprehensive CSEF regime in the mid of 2014 and have proved to be particularly essential as a point of reference for the debate in Australia with respect to crowdfunding.[15] In the regime in New Zealand all the entities that are incorporated are allowed to raise capital via CSEF.[16] Though CSEF is capped at a period of 12 months for an amount of $2 million, which will not include contributions made by wholesale investors, however this amount may be raised.[17] It is required that the investors sing a risk acknowledgment statement[18] and that there are only recommended caps on investors[19]. There has been significant approval which has been received by this rather liberal regime by the Australian Governments members. A key feature in the legislation of Australia is that there is a restriction of CSF to only public unlisted companies which have been limited by shares and which have in annual revenue and gross assets less that A$25 million.[21] This criteria excludes by itself many public companies as well as proprietary companies. Approximately more than 99.7% of the companies will not be able to raise capital by way of CSF. Further foreign companies are also excluded by the legislation to be able raise in Australia CSF. Also companies and related parties excluded are those from CSF if the main objective is that of investment. This is in contrast with countries like New Zealand where every company is allowed to access CSF. There is only a small portion of companies in Canada, United Kingdom and United States who are excluded. There are already few required financial service license in Australia for Crowdsourcing platforms. The range of obligations that have been specified in the 2016 are required to be complied with by the platforms, such as the vetting of the companies which through CSF are seeking capital. Thus allowing the intermediary to act as a gatekeeper however making an onerous compliance. There will be ferocious competition due to the fact that there is only a small number of companies that will be able to access CSF, it would be quite challenging for these platforms to be able to generate profits. There were number intermediaries that were established in New Zealand who are retracting providing an excellent example of intermediaries in this sphere. There is no general cap that has been imposed in Australia as it has been done in other countries. The investment cap in US is within a 12-month period less than net worth to US$2,000 or US$100,000 of income or 5% of the net worth or annual income (whichever is more). Bibliography Belleflamme, Paul, Thomas Lambert and Armin Schwienbacher, "Crowdfunding: Tapping The Right Crowd" (2014) 29(5) Journal of Business Venturing Bull, James and Harry New, "New Equity Crowd-Sourced Funding (CSF) Legislation" (Lexis Nexis, 2015) Dresner, Steven, Crowdfunding: A Guide To Raising Capital (John Wiley Sons, Inc., 2014) Hamman, Evan, "Save The Reef! Civic Crowdfunding And Public Interest Environmental Litigation" (2015) 15(1) QUT Law Review Parliament of Australia Corporations and Markets Advisory Committee, "Crowd Sourced Equity Funding: Report" (2014) Powell, Rose, "Malcolm Turnbull Says Australia Could Follow New Zealand Crowdfunding Laws" [2015] The Australian Financial Review Productivity Commission, "Business Set-Up, Transfer And Closure Draft Report" (2015) Schulz, Leigh and Domenic Mollica, "ASK THE EXPERT The Regulation Of Crowdfunding In Australia: Where Are We And WhatS To Come?" [2015] Australian Banking Finance Law Bulletin Valan?ien?, Loreta and Sima Jegelevi?i?t?, "Valuation Of Crowdfunding: Benefits And Drawbacks" (2013) 18(1) Economics and Management Vitins, Matt, "Crowdfunding And Securities Laws: What The Americans Are Doing And The Case For An Australian Crowdfunding Exemption" (2013) 22(2) Journal of Law, Information and Science Corporations Amendment (Crowd-Sourced Funding For Proprietary Companies) Regulations2017 Corporations Amendment (Crowd-Sourced Funding) Act 2017 Borrello, Eliza, Scrapped Climate Commission Relaunched As Community-Funded Body (2017) ABC News https://www.abc.net.au/news/2013-09-24/tim-flannery-to-relaunch-climate-commission/4976608 Crowdfunding Sourcing Financial Backing To Drive Digital Innovation (2014) Digital Innovation https://www.digitalinnovation.pwc.com.au Crowd-Sourced Funding | ASIC - Australian Securities And Investments Commission (2017) Asic.gov.au https://asic.gov.au/regulatory-resources/financial-services/crowd-sourced-funding/ Heber, Alex, A Crowdfunding Revolution Is Coming To Australia: Here's What You Need To Know (2017) Business Insider Australia https://www.businessinsider.com.au/a-crowdfunding-revolution-is-coming-to-australia-heres-what-you-need-to-know-2015-4

Impact of Corporate Governance on Financial Performance of Companies

Question: Discuss about the Impact of Corporate Governance on Financial Performance of the Companies. Answer: Literature Review Corporate governance is the rules, regulations, practices and processes of the business organizations that direct and control different business operations of the companies. The main aim of corporate governance is to maintain a balance of the interests of the stakeholders of the companies like management of the companies, shareholders, investors, customers and others. With the help of corporate governance, the business organizations get the opportunity to obtain the competitive advantage (Eccles, Ioannou Serafeim, 2014). People over the decades have been connecting the financial performance of the business organizations with the aspect of corporate governance. In this regard, one of the major attempts is to determine the relationship between corporate governance and financial performance of the companies. Because of this, a massive amount of studies and researches have been developed to establish the relation between corporate governance and financial performance of the companies. A big amount of research papers and studies indicate that there is a positive relationship between corporate governance and financial performance of the firms. It implies that with the help of effective implementation and maintenance of corporate governance in the business operations, management can obtain good financial performance of the companies. However, many theories oppose the fact that there is a positive relationship between corporate governance and financial performance of the firms (Walls, Berrone Phan, 2012). According to these kinds of theories, the presence of effective corporate governance policies does not always lead to good financial performance of the firms. There are many instances in the companies where effective corporate governance policies of the companies failed to provide the companies with good financial performances. Thus, it can be seen that there is a contradiction about the effect of corporate governance on the financial performance of the business org anizations. There are many factors in the business organizations that help in the construction of effective corporate governance policies in the firms. The composition of board of the managing director board is considered as one such factor. It needs to be assured that the managing directors board is consisted of honest and qualified management personnel so that there is not any scope for fraud or scandals in the companies (Aebi, nSabato Schmid, 2012). Many important financial factors of the companies have positive relation with corporate governance of the companies. Some of these factors are return on the shareholders, payments of dividends, dividend yield, profitability of the companies and many others. Many accountants all over the world demand the presence of positive relationship between corporate governance and financial performance of the companies. However, there is not any concrete evidence that proves the fact that positive relationship can be seen between corporate governance and fin ancial performance of the companies. Many researchers say that companies that have strong and effective structure of corporate governance have more chances to generate good financial performance. On the other hand, the business organizations having not so strong corporate governance structure have more chances for financial failures. While considering the major accounting and financial scandals of businesses all over the world, it can be observed that the weak maintenance and implementation of corporate governance is the major cause of most of those scandals. Business organizations that have strong level of corporate governance policies enjoy certain financial advantages and they are right of the shareholders, high level of value of the firms, high level of profitability, growth in sales and others (Peni Vhmaa, 2012). Thus, it can be said that there is an urgent need for concrete evidences that will be helpful to establish the fact that there is a positive relationship between corp orate governance and financial performance of the business firms. As per the above discussion, it can be seen that the business organizations with effective corporate governance policies enjoy good financial performance, high level of return on equity, high level of return on assets, high level of return on capital and many others. In addition, companies with high level of corporate governance policies are able to employ effective risk-adjustment policies in the organizations. Companies are able to manage the accounting and financial risks with the help of effective corporate governance policies. Thus, it can be said that there are many advantages of having effective corporate governance policies employed in the business organizations (Jo Harjoto, 2012). In spite of all these facts, many accountants all over the world believe the fact that there is not any positive relationship between corporate governance and good financial performance of the business organizations. There is another group of people all over the world and they believe the fact tha t there is a negative relationship between corporate governance and financial performance of the businesses. Thus, the fact is clear that there is a deep contradiction all over the world regarding the relationship between corporate governance and financial performance of the companies. Some of the major studies all over the world suggest that positive relation can be seen between corporate governance and financial performance of the business organizations. On the other hand, another set of major studies suggest the non-presence of any positive relation between corporate governance and firms financial performance (Cheng, Ioannou Serafeim, 2014). However, based on the evidences of major accounting and financial corporate scandals, it has been seen that lack of corporate governance is the major reason behind all these corporate scandals. Hence, there is a need for more concrete evidences that will prove the presence of positive relationship between corporate governance and financial p erformance of the companies. As per the above discussion, it can be seen that many people all over the world believe that there is not any relation between corporate governance and financial performance of the companies. However, in case of the real world corporate scandals, it has been seen that ineffective corporate governance policies led to major accounting and financial scandals of the companies. For the smooth business operation of the companies, it is expected to have a well structures corporate governance policy as it has many benefits for the companies. The presence of corporate governance policies helps the organizations to improve its process of internal control. The effectiveness of corporate governance is a helpful process to enhance the effectiveness of control mechanism of the companies (Erkens, Hung Matos, 2012). On the contrary, the effective implementation of corporate governance policies will be helpful for the organizations to minimize various aspects like corporate scandals, frauds, failure s and others. In the risk minimization process of the companies, effective corporate governance policies play an importunate role as it helps to decrease the amount various business risks. Thus, from the above analysis, it can be seen that there are many advantages of corporate governance in the business organizations (Servaes Tamayo, 2013). It can be observed that all these aspects together lead the business organizations to the road of financial success. For the financial success of the companies, there are certain needs like strong and effective internal control, less amount of accounting and financial risks, the presence of strong control mechanisms and many others. For this reason, this research will be helpful to develop concrete evidences to prove the fact that there is a positive relation between corporate governance and financial performance of the firms. Research Aim To analyze and evaluate the relationship between corporate governance and financial performance of the companies is the major aim of this research. Thus, it is required to discuss various components of corporate governance. After that, another aim is to evaluate the importance of corporate governance for the financial performance of firms. These are the major aims and objectives of this research process. Research Questions According to the research aim, the following questions are developed. What are the important components of corporate governance in the business organizations? What is the relationship between corporate governance and financial performance of the companies? What are the benefits of having effective corporate governance policies for the financial performance of the firms? What are the ways to develop corporate governance in the business organizations? Research Plan The plan of this research process is discussed below: Research Philosophy: For this research, positivism research philosophy will be adopted. This philosophy will be selected as research aim is to establish the relationship between corporate governance and financial performance of the companies (Tolman, 2012). Research Approach: Between inductive and deductive research approach, deductive research approach will be selected for this research. This research will analyze and evaluate various existing theories, journal articles and research papers and thus; deductive research approach will be selected (Pearl, 2014). Data Collection and Analysis: For this research program, the researcher will collect secondary data for analysis. The sources of secondary data are various existing theories, journal articles and research papers on the same field of study. These existing theories, journal articles and research papers will be collected from authentic sources and they must be relevant in the current situation. After the collection of secondary data, they will be analyzed on in-depth-basis to get the collations. Timeline: Research Activities 1-2 2-4 4-6 6-8 8-10 10-12 12-14 Topic of the Research Setting up of Aims and Objectives Development of Research Questions Review of Literatures Development of Research Design Collection of Secondary Data Analysis of Secondary Data Findings Conclusion References Aebi, V., Sabato, G., Schmid, M. (2012). Risk management, corporate governance, and bank performance in the financial crisis.Journal of Banking Finance,36(12), 3213-3226. Cheng, B., Ioannou, I., Serafeim, G. (2014). Corporate social responsibility and access to finance.Strategic Management Journal,35(1), 1-23. Eccles, R. G., Ioannou, I., Serafeim, G. (2014). The impact of corporate sustainability on organizational processes and performance.Management Science,60(11), 2835-2857. Erkens, D. H., Hung, M., Matos, P. (2012). Corporate governance in the 20072008 financial crisis: Evidence from financial institutions worldwide.Journal of Corporate Finance,18(2), 389-411. Jo, H., Harjoto, M. A. (2012). The causal effect of corporate governance on corporate social responsibility.Journal of business ethics,106(1), 53-72. Pearl, J. (2014). The deductive approach to causal inference.Journal of Causal Inference,2(2), 115-129. Peni, E., Vhmaa, S. (2012). Did good corporate governance improve bank performance during the financial crisis?.Journal of Financial Services Research,41(1-2), 19-35. Servaes, H., Tamayo, A. (2013). The impact of corporate social responsibility on firm value: The role of customer awareness.Management Science,59(5), 1045-1061. Tolman, C. W. (Ed.). (2012).Positivism in psychology: Historical and contemporary problems. Springer Science Business Media. Walls, J. L., Berrone, P., Phan, P. H. (2012). Corporate governance and environmental performance: Is there really a link?.Strategic Management Journal,33(8), 885-913.