Elements of Governance Reform Coursework Example | Topics and Well Written Essays - 500 words

Elements of Governance Reform - Coursework Example This act is the latest most effective regulatory reform intended to rectify major corporate misleads in future. Arthur Andersen LLP’s role in the revolutionary scandal of Enron is reflected in one important part of SOX Act which standardized requirements to ensure the independence of the auditors. Major failure in accountability and disclosure of few leading nonprofit firms and penetrated media coverage of this failure by nonprofit organizations cast the nonprofit sector in an unethical and unfavorable light. This also damaged the integrity and trust of people across the world on the nonprofit organizations along with the benefit of the nonprofits organizations. Although most of the provisions of Sarbanes Oxley Act have currently been applied to only publicly traded companies nonprofit organizations could benefit by adopting these provisions. Apart from this, voluntarily adhering to the Sarbanes Oxley Gold standards would generate more ability and credibility to appoint more e fficient members in the boards of nonprofit organizations. This also can attract many potential fund donors, foundations, and many other potential financial funding resources. The nonprofit sector that enjoyed light oversight and little regulations have now highly focused on the new demand for standardized corporate governance. If the nonprofit sector wishes to retain its higher extent of self-regulation, the board and top management of the organizations need to put accountable effort to improve the organizations in terms of corporate governance and financial transparency. If the current situation does not improve the whole sector may come down under unwanted regulations of government. Some attorneys general of states already criticized that additional SOCK provisions need to be applied to nonprofits.

Historical Essay for DREAM Act Example | Topics and Well Written Essays - 1000 words

Historical for DREAM Act - Essay Example Reports show that California has the largest population of illegal immigrants compared to other states. The act poses an economic threat since the immigrants demand goods and other services that affect the economic growth while receiving various government benefits. The immigrants also reduce the wages paid to lower income and the less educated workers with a reduction in employers companies that employ them (Hanson, p.14). The Dream Act is a proposal by the American Legislative introduced on 1st August 2001 in the Senate. The Act introduced in the Senate for several times but failed to pass and proposed a multi-phase for the undocumented immigrants in the United States granting conditional residency upon meeting further qualification (Durbin, p.22). The development and relief of Dream Act of 2005 amends the illegal immigration reform and authorizes the Homeland Security to cancel the removal and adjust to conditional permanent resident status. In the year 2005, Margaret Stock, a retired Colonel in the U.S pointed out the potential beneficiaries of the Dream Act more so in the military field. She opposed the deportation law of the young people claiming that it makes no sense. She instead proposed that the young men would be recruited in the military, and thus the nation security in the country would increase. The Act continued to attract support in 2007 when Senator Richard Durbin proposed that the imm igrant students with great potential could be allowed to contribute to the society and the security. Jim Edgar, former Illinois Governor expressed his support towards the Dream Act claiming that a kind nation like the U.S should not turn their back on the young generation brought by their parents suggesting that they should join the colleges and finally qualify for a permanent citizenship (Durbin, p.15). In the recent years, the Act failed to pass in 2009 even though the Senator