Hosea’s book is recognized as one of the prophetic books and Hosea himself falls under the category of the minor prophets. By the order of tradition, the book of Hosea in the Hebrew Bibles, is the first one under the twelve. Around the northern kingdom, the book of Hosea illustrates and denounces the worship of the Yehovah is referred to as the God of Israel. Israelites themselves tend to abandon the living Yahova where a woman becomes unfaithful to her husband. The description of the book narration brings about the various relationship in our daily lives also the relation between human beings and God.
According to the narration of the book, the relationship of Hosea and his unfaithful wife who is called Gomer is relatively compared with the relationship between Jehovah and the people of Israel who are unfaithful. However, through the fact that Hosea and his unfaithful wives were an illustration or metaphor to the people of Israel, there was reconciliation between him and his wife(Kelle et.al9). The reconciliation brought the sense that a good rapport was built between the people of Israel and God which led to eventual reconciliation with Jehovah. Before this, the book shows that the people of Israel were against the law of God where they worshipped other gods.
Throughout the twentieth century, there have been critical scholarship on the book of Hosea which is dominating on the metaphor of marriage. Biblical scholars had different perspectives and critics in terms of the content contained in the book of Hosea. Scholars often oversaw these particular chapters as introducing primary perspectives according to the message contained in the whole book. However one of the biblical scholars is Ehud Ben Zvi who describes to the readers the sociohistorical context where Hosea was involved (Smith et.al 21). according to Bens’s critical observations about the great metaphor on Yahweh and Israel in the ancient period, Hosea chapters 1 and 2 elaborates on the significance of Gomer in Marriage metaphor which was one of the attributes of the ideological structure of human marriage. furthermore, ben describes this as for marriage to prosper there should be shared male authorship and male leadership in building blocks for the imagined relationship.
Tristan j. Connolly is another scholar who contributed to the critics and perspectives concerning the content of the book of Hosea. Through this he makes a very similar observation pronouncing the motif reflection of husband-wife in marriage as it was being understood at a particular time. Connolly according to his perspective suggests that the marriage sector in the metaphor shown, in the context, it is exemplifying the interaction between the people of Israel and the living God(Irvine et.al 292). However, he concludes that the metaphor illustrated in the text fully describes the relationship between Yahweh and the Israelites and it was to be rectified later on to restore their relationship. Since the people of Israelite of Israelites according to their actions were not close to Yahweh.
Biblical scholar Michael D. Coogan on his perspective and views on the content in the book elaborates on the importance of understanding and practicing the covenant. Interpretation of Hosea indicates that the covenant between Hosea and his unfaithful wife shows that there was no existing good covenant between them. Likewise, to the people of Israel, the fact of not being g faithful to Yahweh shows that the covenant between them was broken due to disrespect and worshiping other gods. According to Michael, Hosea tends to fall under a different genre which is referred to as covenant lawsuit(Kelle et.al18) God accuses the people of Israel of disrespecting him because of breaking the covenant which was made and agreed upon. Hosea’s prophecy on this came to pass when the Israelites fully abandoned the living Yahweh despite them having an agreement before. Disappointment of God by the Israelites was expressed and displayed through the marriage covenant which was broken between wife and husband.
Another scholar who gave contributions to the interpretation in the book of Hosea’s content is Brad E. Kelle who referred to many of the scholars executing some of the references concerning g the cultic sexual practices in the Baal worship (Kelle et.al 314 ). The chapter of Hosea 2 describes how the Israelites worshipped Yahweh and the god of Ball, however, the text according to Brad shows that the people of Israel were in mixed worship where some of them were worshiping Baal purely and others were mixing the worship of both Yahweh and Baal. Hosea’s reference to acts of sexual practices illustrates metaphors for the apostasy of the Israelites. Hosea 13:1-3 shows how the people of Israel are against Yahweh for them to worship Baal and being accused of using given images for idol worship.
According to Kai Nielsen, he is similarly different from other biblical scholars. Depending on his perspective he seems to be joining the people of Israelites where he asserts that there is a reason for one to be none Christian. However, he considers the rational efforts in the disapproval of the existence of God. he states that there is not even a slight reason to have a belief that a particular Christian is living according to the principle of reality while on the other hand non-Christians are however deluded in terms or accordance to, man’s estate of true(mark jack et.al 76). Under this perspective, Nielsen denies the notion of religious truth which ascertains the existence and the worship of God. About the people of Israel, he claims that there should be a genuine reason for one to be a true Christian and a non-Christian. Furthermore, the Israelites have the option of either worshipping the living Yahweh or not.
Emmerson a biblical scholar tends to investigate the influence of the Judean territory in the establishment of the boo of Hosea. however, Emmerson tends to focus on three particular areas according to the context of the book of Hosea. This includes expression in terms of hope, by the kingdom of the south and the practices done in the northern kingdom. Through the focus on the major parts, Emerson tends to have exploration to the extent of Judean activities and the reduction that occurred throughout the text(Robinson et.al 106). Theological implication according to her shows that the people of Israel had a great downfall in terms of faith due to the reason for breaking the covenant that they had made with God. However, through all the implications that came through during the period of prophet Hosea, it came to happen n that the Israelites came into the position of being closer to God since they realized that he was truly the living and trusted God unlike the idol worships which they are turned into.
The relationship between Hosea and Gomer is argued and criticized by a biblical scholar referred to as Sherwood who tends to unravel chapter three of the context of Hosea were examining different complexities and confronting the frictions which arose between the readers and the text. She saw problematic actions in the text like the quarrels between Gomer and Hosea, Bizarre sign language which brings about conscripts, and the emerging tensions between feminism(Towner et.al 41). However, according to her, some problematic issues tend to break the covenant of marriage between husband and wife. On the other side, there should be a root cause for the reason why the Israelites broke the agreement they had made with Yahweh. Moreover, she argues that all the problematic actions that lead human life to fall into undesired places or actions should be approached whereby any disruption portrayed in the kingdom was an illustration to the people of Israel.
Duane Garratt a scholar gave a perspective portraying the message of prophet Hosea. He argues that Hosea’s message from God to the people of Israel was like a symbol to the Israelites. Through this, the people of Israel had to be very cautious since they were against the law of Yahweh. Through this according to Duane, the context was to implement and capture the hearts of the people of g to unfaithful wives to symbolically portray the unfaithfulness between Yahweh and the Israelites. His prophecies account for the idolatry and the judgment that the people of Israelites would face later on(Rom-Shiloni et.al 20). After all that were done and prophesied by Hosea, he promised God’s ways of being faithful. According to Duane, the prophecy of Hosea was to conform to Israel as the god’s message to them which showed love and grace for his people. However, after the symbolism of the reconciliation between Hosea and his unfaithful wife which turned to God’s ways, the action was to address the people of Israel to go back to the worship of Yahweh and repent all their sins.
Keefe as a biblical scholar tends to dismantle all the assumptions of theology and the androcentric that have determined all the reading and concepts in the text of Hosea. The readings according to Keefe entail the metaphor of Hosea to the Israelites being the adulterous wife of God. Through this, it displays a projection of symbolic associations of nature surrounding the women, the temptation of sex. However, the text under the interpretation of Keefe shows that the sins of the people of Israel have determined the mentioned metaphor which has dominated all over In the context of Hosea(Buss et.al 65). Consequently, the apostasy of this is referred to be fertility cult where against this reinstated statement, Keefe considers chapters 1 and 2 of Hosea to be the association of sexual transgression and violence in the literature of the bible. Hence the illustration of women being adulterous is upon the structural way in the society of Israel that accompanied various consolidations.
Prophesying the past focuses on the results of the tradition and history concerning the construction and development of the book of Hosea. Biblical scholar Holt tends to have an investigation into the background of the Israelites and how they lived all through the period of the prophecy of Hosea. Al through her work and biblical perspectives, she ascertains some of the views which were in the ext(Holt et al.3) . in particular for instance the redaction among the people of Israel. She argues that the background of living among the Israelites was in a good state since they had not been alienated from God. Prophet Hosea is a great failure where he redirected the Israelites in the wrong direction because he was to act as a good example to the people of Israel. Finally, Holt uses the techniques of theology to acquire the contrary meaning and interpretation of the text like referring to other biblical ideas About Hosea.
Moyer Guber as a biblical scholar tends to provide a commentary on the perspective on the context of Hosea. The myth of prostitution was built upon his work as asserted by Gruber, where he proceeds to elaborate that the bo ok of Hosea advocates under repetition of a single standard of fidelity actually for men and women where it shows the women the strength to fight back. However, Gruber holds the most precise statistics of the poetics to solve the problems and difficulties in the text and what the context of Hosea means (Small et.al 17). However, the translation according to Gruber’s ideological sight tends to differ from the classical hence eliminating forms that are neither modern n nor ancient. About various events, in the Middle Ages of ninth Gruber tend to uncover the messages that give more about the book of Hosea. According to the previous case, the biblical scholar employs all the behavioral sights to uncover the forgotten definitions of metaphors used in the text. Besides all this the scholar has his perspective about the boo of Hosea, the Gruber himself needs all the metaphors that are covered to be uncovered for more findings and understanding.
David Allan is another biblical scholar who contributed to the interpretation of the context of Hosea. He asserts that an adulterous woman tends to spurn the love of her youth, which is a betrayal to the grieving of husband offers. Great bold imagery for elaborating the story of Yahweh and his people is of significance because God Himself uses His inspired people to pass a certain message o His people (Waterman et.al 3,4). However, Allan argues that a Bolder is still when uses His people of prophecy or messengers to send or pass messages to his beloved ones to flesh his divine mission of delivering forgiveness in marriage like the instance of the people of Israel, Through the remarkable narration of the text, it sets a particular stage for Hosea’s message of enduring love despite the mistakes the Israelites did. However, the assertion of Allan’s argument on the critics shows that the context explores the theological dimension in the book of Hosea.
In conclusion, the book of Hosea contains various chapters which dwell on many ideas that have been viewed by different scholars according to their perspectives. Whereby the chapter one of the text illustrates the marriage of Hosea and gomer where the prophet marries intentionally an adult wife which was against the laws of Yahweh, being a metaphor. chapter two describes the divorce which seemed to be the end of the relationship between God and the people of the northern kingdom, where it was a sign of symbolism where on the other hand Hosea divorced Gomer and used the idea in the preaching of Gods rejection to the people of the northern kingdom. However, the text contains chapters with different themes but generally, the context explains that later on, the people of Israelites came back to build their relationship with God once again. Through this, the broken covenant between God and the Israelites was restored and they started living by God’s ways of living.
Buss, Martin J. “Mari Prophecy and Hosea.” Journal of Biblical Literature, vol. 88, no. 3, Sept. 2020, p. 338, 10.2307/3263726. Accessed 16 June 2021.
Holt, Else K., et al. “Thematic Threads in the Book of the Twelve.” Journal of Biblical Literature, vol. 123, no. 3, 2019, p. 550, 10.2307/3268053. Accessed 12 Mar. 2021.
Irvine, Stuart A. “Politics and Prophetic Commentary in Hosea 8:8-10.” Journal of Biblical Literature, vol. 114, no. 2, 2017, p. 292, 10.2307/3266942. Accessed 20 Jan. 2020.
Kelle, Brad E. “Hosea 1—3 in Twentieth-Century Scholarship.” Currents in Biblical Research, vol. 7, no. 2, Feb. 2019, pp. 179–216, 10.1177/1476993×08099542.
—. “Hosea 4—14 in Twentieth-Century Scholarship.” Currents in Biblical Research, vol. 8, no. 3, 18 Mar. 2010, pp. 314–375, 10.1177/1476993×09346514. Accessed 19 Oct. 2020.
—. “Hosea 4—14 in Twentieth-Century Scholarship.” Currents in Biblical Research, vol. 8, no. 3, 18 Mar. 2018, pp. 314–375, 10.1177/1476993×09346514.
mark jack. Critique on the Book of Hosea. 12 July 2020.
Robinson, T. H. “Book Review: The Message of Hosea.” Theology, vol. 5, no. 26, Aug. 2019, pp. 106–106, 10.1177/0040571×2200502615. Accessed 15 Nov. 2021.
Rom-Shiloni. “From Prophetic Words to Prophetic Literature: Challenging Paradigms That Control Our Academic Thought on Jeremiah and Ezekiel.” Journal of Biblical Literature, vol. 138, no. 3, 2019, p. 565, 10.15699/jbl.1383.2019.658484. Accessed 19 Apr. 2020.
Small, Dwight Hervey. “The Prophet Hosea: God’s Alternative to Divorce for the Reason of Infidelity.” Journal of Psychology and Theology, vol. 7, no. 2, June 2017, pp. 133–140, 10.1177/009164717900700207. Accessed 9 Apr. 2020.
Smith, Cooper. “The “Wilderness” in Hosea and Deuteronomy: A Case of Thematic Reappropriation.” Bulletin for Biblical Research, vol. 28, no. 2, 1 Sept. 2018, pp. 240–260, 10.5325/bullbiblrese.28.2.0240. Accessed 20 Feb. 2022.
Towner, W. Sibley. “Book Review: A Commentary on the Book of the Prophet Hosea.” Interpretation: A Journal of Bible and Theology, vol. 30, no. 4, Oct. 2021, pp. 423–426, 10.1177/002096437603000412. Accessed 30 Aug. 2021.
Waterman, Leroy. “The Marriage of Hosea.” Journal of Biblical Literature, vol. 37, no. 3/4, 2018, p. 193, 10.2307/3260035.
Biography On Martin Luther King Jr. Sample Essay
Martin Luther King Jr., an American Baptist clergyman and civil rights leader, was born in Atlanta, Georgia. He became well-known for his philosophy of peaceful civil disobedience, which was founded on Christian principles and aimed at improving civil rights. In the history, he is known as one the most significant civil rights fighters and inspirational leaders. King is well recognized for the Birmingham Campaign, his famous speech, and his fight for African-Americans’ basic human rights. We may learn from King’s experience that nonviolence and peace are always preferable, and that people must speak up for the truth and fight for their freedom. This article gives a brief biography of Martin Luther King, evaluates his major accomplishments, compares my life experience to King’s, and discusses the lessons we may take from this civil rights leader.
On the 15th of January, 1929, in Atlanta, Georgia, Martin Luther King Jr. was born. Martin Luther King Jr. was a Baptist clergyman and social activist who helped organize civil rights organizations in the United States. Martin Luther King Jr. was the president of the Southern Christian Leadership Conference, among other things (Anderson, 2010). The King’s inspirational speeches and activism were instrumental in ending legal segregation against African-Americans in the United States. In addition to the Voting Rights Act of 1965, King proposed the Civil Rights Act of 1964. Among many other awards, King received the Nobel Peace Prize in 1964. Martin Luther King Jr. was slain in 1968, but he remains one of history’s most inspirational and convincing African-American leaders. Martin Luther was a pivotal player in the battle against segregation and other social injustices perpetrated against minorities in the United States. In general, the King’s work and life have been honored with a national holiday, as well as public buildings and educational institutions.
Among his successes, the Birmingham Campaign can be named. Birmingham was one of the most racially divided cities in the United States until the 1960s. The majority of black people faced prejudice on both a cultural and legal level. As a result, Martin Luther King Jr. started a movement to end discrimination against African-Americans. He was able to enlist the help of young students and even youngsters. When the Birmingham police department used high-pressure water jets and even dogs that attacked children, the campaign was able to gain a commendable national reputation. Nonetheless, both white and black clergy opposed the King’s conduct, claiming that he committed risks and threatened the lives of the youngsters who participated in the demonstration (Anderson,2010-36). Martin Luther King Jr. was clearly able to eloquently set out his nonviolence hypothesis from the Birmingham jail.
King’s famed “I Have Dream” address, delivered to a crowd of more than 25,000 people during the Washington March from the platform of the Lincoln Memorial, is another notable performance. “Tell them about the dream Martin!” Martin Luther King Jr. said in the speech’s most famous phrase, departing from the wording drafted in response to Mahalia Jackson’s cry urging the King (Kirk, 2004). In essence, the speech is seen as a watershed moment in American civil rights history. This speech was voted the most popular American speech in a poll of scholars in 1999. King was able to expand his Civil Rights Movement into larger cities such as Los Angeles and Chicago from 1965 to 1967. Most of the young black power leaders were harshly critical of King and had public issues with him. Most black radicals were clearly alienated by King’s patience and nonviolent appeal and approach to white middle-class people, who saw his approaches as too late and too weak (Höhn & Klimke, 2010). Martin Luther King Jr. began drawing a link between poverty and discrimination to counteract this critique. In addition, he expanded his Civil Rights efforts to include the Vietnam War. According to the King, the nonviolent resistance ideology is the only way to cure society’s evil and provide justice to all people, regardless of race, ethnicity, nationality, or gender.
Nonetheless, Martin Luther King Jr.’s greatest notable achievement is the win for African-Americans’ basic civil rights. He clearly led and organized countless marches for labor rights, black voting rights, desegregation, and other basic civil rights that were denied to blacks by whites (Ling, 2015-56). Dr. King’s nonviolent protests and sacrifices culminated in legislative changes, including the Civil Rights Act of 1964, which abolished segregation in public places and prohibited job discrimination. As a result, King received the Nobel Peace Prize the following year. He was also a driving force behind the 1965 Voting Rights Act, which attempted to remove legal impediments to voting for African Americans. King was slain on April 4, 1968, after more than ten years of strong participation in the Civil Rights struggle. The King’s initiatives fulfilled their aims when the 1964 Civil Rights Act and the Voting Rights Act of 1965 were enacted into law. Martin Luther King Jr. was essentially a social reformer and humanitarian who battled for African-American civil rights. African-Americans were allowed to enjoy some of the same basic civil rights as whites as a result of his effort.
People should also take away from King’s story the lesson that doing the right thing is always a good idea. People will be able to positively impact the lives of others by doing so. King’s story also teaches people the value of helping others, especially during difficult times. Martin Luther King Jr. also aided people in realizing their full potential by ensuring that their fundamental rights were protected and that they were treated fairly. People can learn from King’s story that they should not give up on their aspirations since dreams require brave and fearful people to achieve them. People must, in essence, stand up for the truth and fight for their rights.
Martin Luther King Jr. was a powerful leader from whom we can all learn a lot. From 1955 through 1968, he motivated others, both black and white, to speak out against racial prejudice. He was devoted, patient, and determined. Martin Luther King, Jr.’s dream of African-American equality may have appeared out of reach to some. He realized that things would not change overnight but they could change. He was innovative and he thought outside of the box. He felt he had to attempt something fresh, so he took a different approach to racial discrimination than most. He was inspired by Mahatma Gandhi’s peaceful teachings and his Christian faith, and he sincerely believed what he said: “Darkness cannot drive out darkness; only light can do that.” Hate will not be able to drive out hatred; only love will be able to do so.” He was tenacious, and his convictions were firm. He would get back up no matter how many times he was knocked down and keep pushing forward to make his dream a reality.
Anderson, H. C. (2010). King: A Comics Biography. Seattle, Wash: Fantagraphics.
Höhn, M., & Klimke, M. (2010). A Breath of Freedom: the Civil Rights Struggle, African American GIs, and Germany (p. p6). New York: Palgrave Macmillan.
Ling, P. J. (2015). Martin Luther King, Jr. Routledge.
Kirk, J. A. (2004). Martin Luther King, Jr. Journal of American Studies, 38(2), 329-347.
Board Composition And CEO Remuneration Essay Sample For College
In developed countries, the connection between corporate management and the declaration of social business responsibility is more significant. As a result, the study’s primary goal is to examine theoretical perspectives on board composition and CEO remuneration, and appraisal of Kingfisher Plc and Crest Nicholson Holding Plc compliance with UK Code of Corporate Governance. The variables in this study were assessed on the Kingfisher Plc and Crest Nicholson Holding Plc control boards using descriptive statistics and a cholinergic combination and diagnostic model. The board meetings of the two companies, as well as the formation of the board of directors, should not reveal public responsibility. Because CSR assessments require independent and ambiguous personal interpretation, research is limited in a number of ways. In addition, research programs were restricted to specific corporate firms.
The business Council has a wide range of obligations and responsibilities. All board decisions must consider how it affects employees, customers, suppliers, associations and shareholders. The difference in functionality between managers and supervisors is at the heart of independent directors. Board members were not directly involved in the company’s day-to-day operations and did not believe that micromanagement should be avoided. The main function of the board is monitoring and planning. Despite the breach, the Board may assign some liability to the CEO (Chief Executive Officer) or CFO (Chief Financial Officer) in certain circumstances (García Martín and Herrero, 2018). The board often delegates several duties to the board of directors on a regular basis.
The Corporate Governance Committee functions as a complete subgroup of management. The organizations selected in this report are Kingfisher Plc and Crest Nicholson Holding Plc. Kingfisher’s board of directors consists of a chairman, senior management, and four non-executive directors. Its employees play an important role in running a company backed by confidential media. Similarly, Crest Nicholson Holding Plc’s board of directors consists of a part-time independent chairman, one chief executive officer, six directors, and four part-time directors. This report focuses on perilous review different perspectives on board composition theory and CEO compensation. It also provides a critical assessment of how well these companies comply with the requirements of Sections C and E of the UK Corporate Governance Code 2018.
Theoretical Perspectives On Board Composition, And CEO Remuneration
The separation of the firm’s asset management program brought several discrepancies to properly manage the profits of company executives and other stakeholders. The research scientist Adam Smith identifies this problem in 1776, and the distribution and management of property claimed that distribution and management of property constituted a disincentive of managers to operate the business successfully. Today’s corporate governance theoretical theory is based on the classic work of TarighI et al. (2022). Agent Theory is widely recognized to function as a starting point for discussions on corporate governance and its procedures. TarigHi et al. (2022) emphasized the separation of ownership from problem-based company management, which was largely centred on the separation of control between managers and shareholders. In today’s business, the property owner often does not actively involved in the operation of the organization, so they recruit human resource to act on their behalf. This makes it impossible for administrators to ignore director’s (shareholders) concerns, generate interests first, make it harder to gain personal wealth through imperial buildings, and get accounting management more difficult. The disparity between agent activity and manager interests is a concern for the agency.
Jeffrey, Rosenberg and McCabe, (2019), in addition to the preceding discussion, provide a thorough description of interaction between substantial agents. An agency relationship is defined as a contract between two parties in which the owner such as the director delegated specific obligations to managers, particularly bailiffs, on their behalf. More specifically, because shareholders are more invested in the organization’s success, it is possible to choose how some responsibilities will be delegated to the expert panel. In general, the connection between the principal and the representative is concerned with two issues. To begin with, the conflict is the result of a conflict of interest between the two parties. Second, shareholders and management have different perspectives on risk. Furthermore, according to Seifi and Crowther (2018), information disparities foster conflicts between managers and shareholders within the company compliance.
Figure 1: Agency Model
Another crucial theory of corporate governance is management theory, which opposes the concept of agency. Anantharaman, Gao, and Manchiraju (2021) assert that a manager, as a utility manager, safeguards and maximizes the shareholders’ wealth through the performance of a corporation. According to management theory, managers are hired to effectively manage a company’s operations, and a manager’s accomplishment and success are measured by the company’s performance, so the manager’s primary goal is to maximize the company’s performance. Corporate managers, who are the firm’s administrators and see the organization’s mission as their goal, are motivated by the best performance of a corporation. This concept of care replaces managers’ misunderstanding, whereas agency theory refers to power and authority while maintaining an ethical proclivity (Seifi and Crowther, 2018).
The guardian hypothesis, in contrast to the agent theory, demonstrates that internal directors and managers perform more effectively and always serve the owners. Because independent directors have access to more confidential information, internal directors are acutely aware of the company’s activities. Besides, Nour, Sharabati, and Hammad (2020) argue that managers protect shareholders’ interests by making sound decisions to improve their company’s efficiency because they want to maintain their market reputation as excellent decision-makers. Managers and directors, according to Seifi and Crowther (2018), manage their careers in order to be perceived as competent proprietors of their respective organizations.
Figure 2: Stewardship Model
Agency theories and management theories have illustrated their limited nature over time, focusing primarily on shareholders and being viewed as the only source to allow future firm study. To broaden stakeholders’ perspectives, Prince, (2021) states that a firm or corporation strives to improve the balance of interests of various stakeholders, each of whom is interested (Rashid, 2018). Furthermore, Dorobantu et al., (2019) emphasize that the company is no longer only accountable to its shareholders, but also to the society in which they live. As a result, stakeholder theory better explains the function of corporate governance by separating diverse features of the corporation from agency theory or government theory. Employees, customers, suppliers, shareholders, potential investors, creditors, the government, banks, society, and other stakeholders are all members of a company’s interest group. According to stakeholder theory, corporations are self-sufficient and interconnected with various countries in order to achieve their goals (TarigHi et al., 2022). They also stated that management is accountable for making informed decisions and making every effort to achieve results that are acceptable to all stakeholders. Furthermore, Jeffrey, Rosenberg, and McCabe (2019) emphasized that the Board’s obligation to protect stakeholders’ interests should not be overlooked.
As various scholars have explored regarding the impact of a firm’s operations on the external environment, stakeholder theory advocates for reporting to all stakeholders, not just shareholders. Significantly, this concept is enshrined in law in thirty-eight US states, demonstrating the significance of stakeholder theory to US businesses (Manning, Braam and Reimsbach, 2018). Basuony (2021), on the other hand, criticizes the concept of stakeholders for confirming a value-oriented purpose independent of the company’s voters. He claims that a corporation’s performance is never judged by a single factor that determines what percentage a group receives. Organizational structure, information flow, work environment, and so on are all important factors to consider. He did, however, invent the concept of enlightened agents, whose application was limited to issues involving empirical facts. Mattera and Baena (2019) developed a stakeholder theoretical model in which all parties have an equal opportunity to benefit from the enterprise.
Figure 3: Stakeholder Theory
In June 2020, the corporation created new strategic plan. Today, Kingfisher is a very different company in terms of productivity, financial stability, and productivity, with the ultimate goal of realizing the company’s full potential. For many years, Kingfisher has worked to revitalize the home improvement industry and strengthen its reputation as a pioneer in providing consumers with environmentally friendly products (Demirag, 2018). They will be able to develop their business safely, sustainably, and ethically for the benefit of everybody if they allocate capital orders to meet the demands and expectations of its changing world. Kingfisher Plc world class home improvement business offering products and services and trade professionals who shop in their stores and e-commerce channels. They make better homes accessible for everyone and provide tradespeople with the relevant products in the right place to get their work done quickly. They aspire to make a genuine and long-term constructive contribution to society, in addition to providing long-term benefits to their shareholders.
According to Part C of the UK Charter, management must present a fair, balanced, and transparent assessment of the company’s situation and prospects. The board should decide on the type and scope of significant risks it is willing to take in order to achieve its strategic goals. A solid internal control and risk management framework should be supported by the board (Dorobantu et al., 2019). Management should prioritize the formalization of corporate information, risk management, and internal control principles, as well as formal, transparent agreements with company auditors. The Board monitors and assesses progress toward its objectives through routine receiving the information on the delivery of the Strategic and long strategic plan and financial performance (Kingfisher, 2022). Throughout the year, the Board broadened the scope and application of a commercial dashboard to include market dynamics, competitor information, and customer insight, as well as to help the Board track key information across the corporate. The Board directs and reviews Kingfisher’s activities through the powers conferred to its Committees, allowing risk to be managed and monitored within defined guidelines. The Board of Directors is collectively responsible to the Company’s shareholders for the proper operation and profitability of the organisation.
According to Section E of the UK Charter, the objective must be mutually agreed upon with shareholders (Basuony, 2021). It is the overall responsibility of the Board of Directors to maintain positive interactions with shareholders. The board should use the general meeting to promote and encourage investor participation. All actions, some of which are collaborative initiatives with community groups, promote access to professional care to improve the emotional well-being and support of employees who show early signs of depression. All employees have access to employee assistance programs and other tools to help them improve their well-being.
Crest Nicholson Holding Plc
Crest Nicholson Holding Plc is focused towards becoming a better business, where high-quality construction and the development of attractive, sustainable communities are backed by strong organizational effectiveness. Crest Nicholson is committed to meet its responsibilities to stakeholders and to seek continued growth in the standards that are applied across the company (Crest Nicholson, 2022). The company reviews its strategies and management systems on a regular basis to ensure that they are fully implemented in day-to-day work.
According to Part E of the UK Contract, the company’s primary stakeholders are shareholders, employees, regulators, customers, and business organizations. To communicate effectively with stakeholders, the Advisory committee strives to interact with them and analyzes its participation methods on a regular basis. Crest Nicholson strives to create a work environment that fosters talent and encourages personal development, and it has a distinct team and company culture that is managed by a professional and experienced operations management staff (Crest Nicholson, 2022). They are relieved that in 2020, they were able to respond to the global epidemic’s problems while also continuing to transition to a fully functional home-based business and maintaining a high level of personnel, safety, and well-being. Its workforce planning has been flexible and responsive to industry changes, and it plans to continue investing in team expansion and talent development.
Conclusion and Recommendations
According to the findings of the preceding research, the importance of corporate governance is determined by its contribution to both the development and accountability of businesses. As a result, the UK Securities and Exchange Commission is working to improve corporate governance standards in the country. In March 2002, they issued the Corporate Governance Code, which was the first significant attempt. It was then incorporated into the listing regulations of the three stock exchanges and applied to publicly traded corporations. Management standards, according to the amended contract, are dynamic and must be updated to promote healthy governance. As a result, the process of revising the Charter to define the business sector, the transformation of the financial market, and the management requirements that emerge has begun.
The goal is to improve corporate governance standards in the country while maintaining international corporate governance trends in mind. The key to good corporate governance is a mental shift. This is the responsibility of all stakeholders, not just regulatory authorities. It should be regarded as a means of achieving value and stability, and should benefit only from long-term economic growth and macroeconomic development. The Board is asked to seek a balance of CEOs and nonexecutive directors with the necessary skills, proficiencies, knowledge, and expertise for core competencies and multi-stakeholder groups, including people and minority interests.
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