scholarly journals Corporate governance paradigms of hazardous industries: Enduring challenges of Britain’s civil nuclear industry

2021 ◽  
Vol 46 (2) ◽  
pp. 156-167
Author(s):  
B.C. Pemberton ◽  
W. Ng
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Stakeholder Engagement ◽  
Critical Issue ◽  
Nuclear Industry ◽  
Environmental Damage ◽  
Effective Governance ◽  
Management Processes ◽  
History Of ◽  
Core Requirements

This article discusses risk management processes in Britain’s civil nuclear industry from a corporate governance perspective. As an example of a hazardous industry that can inflict catastrophic environmental damage and fatalities, effective governance of Britain’s nuclear industry is a critical issue. Yet the industry’s history of corporate governance suggests that processes of corporate governance have regularly failed to meet core requirements of its stakeholders. A core requirement is for governance designs that recognize the interests of public owner–stakeholders. In meeting this requirement, the article offers a framework for a relationship-driven form of corporate governance that enables meaningful stakeholder engagement in decision-making.

scholarly journals A Skeptical View of Financialized Corporate Governance

2017 ◽  
Vol 31 (3) ◽  
pp. 131-150 ◽  
Author(s):  
Anat R. Admati
Keyword(s):  
Corporate Governance ◽  
Stock Prices ◽  
Boards Of Directors ◽  
Managerial Compensation ◽  
Return On Equity ◽  
Rating Agencies ◽  
Effective Governance ◽  
Corporate Scandals ◽  
Private And Public ◽  
History Of

Managerial compensation typically relies on financial yardsticks, such as profits, stock prices, and return on equity, to achieve alignment between the interests of managers and shareholders. But financialized governance may not actually work well for most shareholders, and even when it does, significant tradeoffs and inefficiencies can arise from the conflict between maximizing financialized measures and society's broader interests. Effective governance requires that those in control are accountable for actions they take. However, those who control and benefit most from corporations' success are often able to avoid accountability. The history of corporate governance includes a parade of scandals and crises that have caused significant harm. After each, most key individuals tend to minimize their own culpability. Common claims from executives, boards of directors, auditors, rating agencies, politicians, and regulators include “we just didn't know,” “we couldn't have predicted,” or “it was just a few bad apples.” Economists, as well, may react to corporate scandals and crises with their own version of “we just didn't know,” as their models had ruled out certain possibilities. Effective governance of institutions in the private and public sectors should make it much more difficult for individuals in these institutions to get away with claiming that harm was out of their control when in reality they had encouraged or enabled harmful misconduct, and ought to have taken action to prevent it.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

Board Effectiveness: An Evaluation based on Corporate Governance Score

Think India ◽  
2015 ◽  
Vol 18 (1) ◽  
pp. 16-23
Author(s):  
Hitesh Shukla ◽  
Nailesh Limbasiya
Keyword(s):  
Corporate Governance ◽  
Good Governance ◽  
Sustainable Growth ◽  
Governance Mechanism ◽  
Minority Shareholders ◽  
Effective Governance ◽  
Performance Orientation ◽  
Corporate Governance Mechanism ◽  
And Performance ◽  
Ethical Governance

Growth, progress, and prosperity of any country depend highly on the corporate governance mechanism of that country. Good governance of a country helps it to sustainable growth and consistency in progress. The good governance should contribute towards the improvement in transparency, ethics, morality, and disclosure. The principles of good governance stand on honesty, trust, integrity, openness, and performance orientation. Our honorable Prime Minister Narendra bhai Modi had given the three E for good governance during his speech on Independence Day i.e. Effective Governance, Electronic Governance, and Ethical Governance. The fundamental concern of corporate governance mechanism is to ensure the protection of minority shareholders/owners of specific firms. Mechanism of a corporate governance specifies the relations among the shareholders, board of directors, and managers. The present paper is an attempt to evaluate the effectiveness of the board by calculating the corporate governance score. The mandatory and non-mandatory guidelines have been considered while assigning points to specific parameters of the corporate governance.

Islands of Stability: Engaging Emergence from Cellular Automata to the Occupy Movement

2014 ◽  
Vol 5 (1) ◽  
Author(s):  
Andrew Pickering
Keyword(s):  
Decision Making ◽  
Cellular Automata ◽  
Black Box ◽  
Collective Decision ◽  
Collective Decision Making ◽  
Occupy Movement ◽  
History Of ◽  
The 1960S

"Instead of considering »being with« in terms of non-problematic, machine-like places, where reliable entities assemble in stable relationships, STS conjures up a world where the achievement of chancy stabilisations and synchronisations is local.We have to analyse how and where a certain regularity and predictability in the intersection of scientists and their instruments, say, or of human individuals and groups, is produced.The paper reviews models of emergence drawn from the history of cybernetics—the canonical »black box,« homeostats, and cellular automata—to enrich our imagination of the stabilisation process, and discusses the concept of »variety« as a way of clarifying its difficulty, with the antiuniversities of the 1960s and the Occupy movement as examples. Failures of »being with« are expectable. In conclusion, the paper reviews approaches to collective decision-making that reduce variety without imposing a neoliberal hierarchy. "

Research and analysis of business management processes implemented under conditions of incomplete certainty

2020 ◽  
Author(s):  
Igor Klimenko ◽  
A. Ivlev
Keyword(s):  
Decision Making ◽  
A Priori ◽  
Business Management ◽  
Statistical Uncertainty ◽  
Management Processes ◽  
Classical Decision ◽  
Decision Making Criteria

The study carried out in this work made it possible to expand the rank scale for a priori assessment of the chosen strategy in terms of increasing the sensitivity of assessing the caution / negligence ratio using risky, as well as classical decision-making criteria under conditions of statistical uncertainty.

Wegvoeringen en weggevoerden tijdens de meidagen van 1940

2014 ◽  
Vol 73 (3) ◽  
pp. 250-259
Author(s):  
Etienne Verhoeyen
Keyword(s):  
Decision Making ◽  
Large Majority ◽  
The Political ◽  
Extreme Right ◽  
Political Decision ◽  
Belgian Society ◽  
Complete Study ◽  
History Of ◽  
Risky Business ◽  
Political Decision Making

Met dit boek levert Frank Seberechts een nagenoeg volledige studie af van een van de minder fraai kanten van de Belgische samenleving in 1940: de administratieve arrestatie en de wegvoering naar Frankrijk van enkele duizenden personen (de ‘verdachten’), Belgen of in België verblijvende vreemdelingen. De extreem-rechtse en pro-Duitse arrestanten hebben na hun vrijlating dit feit politiek in hun voordeel uitgebaat, waardoor volledig in de schaduw kwam te staan dat de overgrote meerderheid van de weggevoerden joodse mensen waren die in de jaren voor de oorlog naar België waren gevlucht. Dat het beeld van de wegvoeringen niet volledig is, is grotendeels te wijten aan het feit dat de meeste archieven die hierop betrekking hebben tijdens de meidagen van 1940 vernietigd werden. Met name de politieke besluitvorming over de wegvoeringen vertoont nog steeds schemerzones, zodat het vastleggen van verantwoordelijkheden ook vandaag nog een gewaagde onderneming is.________Deportations and the deported during the Maydays in 1940 By means of this book Frank Seberechts provides an almost complete study of one of the less admirable sides of Belgian society in 1940: the administrative arrest and the deportation to France of some thousands of people (‘the suspects’), Belgians or foreigners residing in Belgium. The extreme-right and pro-German detainees politically exploited this fact after they had been freed, but this completely overshadowed the point that the large majority of the deported people were Jews who had fled to Belgium during the years preceding the war. This incomplete portrayal of the deportations is mainly due to the fact that most of the archives relating to the events had been destroyed during the Maydays of 1940. The history of the political decision-making about the deportations in particular still shows many grey areas and it is therefore still a risky business even today to determine which people should be held accountable.

The use of a Domain Ontology for the Management of Essential Hypertension (Preprint)

2020 ◽  
Author(s):  
Emma Chavez ◽  
Vanessa Perez ◽  
Angélica Urrutia
Keyword(s):  
Decision Making ◽  
Essential Hypertension ◽  
Medical History ◽  
Medical Records ◽  
Medical Training ◽  
Relevant Information ◽  
Domain Ontology ◽  
Free Text ◽  
Snomed Ct ◽  
History Of

BACKGROUND : Currently, hypertension is one of the diseases with greater risk of mortality in the world. Particularly in Chile, 90% of the population with this disease has idiopathic or essential hypertension. Essential hypertension is characterized by high blood pressure rates and it´s cause is unknown, which means that every patient might requires a different treatment, depending on their history and symptoms. Different data, such as history, symptoms, exams, etc., are generated for each patient suffering from the disease. This data is presented in the patient’s medical record, in no order, making it difficult to search for relevant information. Therefore, there is a need for a common, unified vocabulary of the terms that adequately represent the diseased, making searching within the domain more effective. OBJECTIVE The objective of this study is to develop a domain ontology for essential hypertension , therefore arranging the more significant data within the domain as tool for medical training or to support physicians’ decision making will be provided. METHODS The terms used for the ontology were extracted from the medical history of de-identified medical records, of patients with essential hypertension. The Snomed-CT’ collection of medical terms, and clinical guidelines to control the disease were also used. Methontology was used for the design, classes definition and their hierarchy, as well as relationships between concepts and instances. Three criteria were used to validate the ontology, which also helped to measure its quality. Tests were run with a dataset to verify that the tool was created according to the requirements. RESULTS An ontology of 310 instances classified into 37 classes was developed. From these, 4 super classes and 30 relationships were obtained. In the dataset tests, 100% correct and coherent answers were obtained for quality tests (3). CONCLUSIONS The development of this ontology provides a tool for physicians, specialists, and students, among others, that can be incorporated into clinical systems to support decision making regarding essential hypertension. Nevertheless, more instances should be incorporated into the ontology by carrying out further searched in the medical history or free text sections of the medical records of patients with this disease.

The contamination of trauma. Traumatized minds, broken families and dysfunctional work groups: Organizational and interpersonal dynamics in complex child welfare court proceedings

2021 ◽  
pp. 053331642110150
Author(s):  
Stuart Stevenson
Keyword(s):  
Decision Making ◽  
Work Groups ◽  
Work Group ◽  
Best Interests ◽  
Organizational Dynamics ◽  
Children And Families ◽  
Vulnerable Children ◽  
History Of ◽  
Adults And Children ◽  
Court Proceedings

Professional work groups engaging with traumatized and dysfunctional families are presented with a disproportionate challenge to an already inevitably painful process that can be an obstacle to balanced decision-making in the children’s best interests. Trauma, abuse and neglect can influence the professional culture that condenses around these families. This occurs more often with the most challenging families with a possible history of professional failure resulting in professional conflict, impulsive and poor decision-making due to the occasions that these destructive dynamics have become unmanageable. Serious case reviews into the deaths of children regularly outline professional failures relating to a breakdown in communication within the professional system and essential and potential lifesaving information having been lost or failing to have been acted upon. The ability to understand complex group and organizational dynamics and the ability to manage relationships with traumatized adults and children, as well as within traumatized work groups is, therefore, an essential skill set for professionals working with the most vulnerable children and families. This article explores trauma and its impact on a work group and why this process was disturbed by uncontained anxiety resulting in professional conflict.

‘It Is a Tradition in the Nuclear Industry . . . Secrecy’: Political Opportunity Structures and Nuclear Knowledge Production in France

2021 ◽  
pp. 136078042110250
Author(s):  
Julie Schweitzer ◽  
Tamara L Mix
Keyword(s):  
Knowledge Production ◽  
Nuclear Energy ◽  
Nuclear Industry ◽  
Political Opportunity ◽  
Structured Interviews ◽  
Nuclear Program ◽  
Opportunity Structures ◽  
Shaping Process ◽  
History Of ◽  
Political Opportunity Structures

Employing the example of France’s civil nuclear program, we connect political opportunity structures (POSs) to mechanisms of knowledge production, identifying how opposing stakeholders generate knowledge about a controversial technology. A history of nuclear dependence in France creates a context that praises, normalizes, and rationalizes nuclear energy while stigmatizing attempts to question or contest the nuclear industry’s dominant position. Integrating Bond’s knowledge-shaping process with Coy and colleagues’ concept of oppositional knowledge, we consider how the broader social, political, and economic context influences opposing stakeholder assessments of nuclear energy. Employing qualitative semi-structured interviews, we offer unique insight into the French nuclear debate, discussing the role of POS in shaping knowledge production.

Comparative study on e-bikes’ decision-making behaviors under flashing green and green countdown

2021 ◽  
pp. 1-8
Author(s):  
Haoyang Meng ◽  
Sheng Dong ◽  
Jibiao Zhou ◽  
Shuichao Zhang ◽  
Zhenjiang Li
Keyword(s):  
Decision Making ◽  
Critical Issue ◽  
Trajectory Data ◽  
Decision Points ◽  
Binary Logit ◽  
The One ◽  
Common Signal ◽  
And Function ◽  
Decision Behaviors ◽  
Stop Line

Green flash light (FG) and green countdown (GC) are the two most common signal formats applied in green-red transition that provides drivers additional alert before termination of green phase. Due to their importance and function in stop-pass decision-making process, proper use of them has become a critical issue to greatly improve the safety and efficiency of signalized intersections. Gradually e-bike riders have become more important commuters in China, however, the influence of FG or GC on them is not clear yet and need pay more attention to it. This study chooses two almost identical intersections to obtain highly accurate trajectory data of e-bike riders to study their decision-making behaviors under FG or GC. The e-bike riders’ behavior is classified into four categories and is to identify their stop-pass decision points using the acceleration trend. Two binary-logit models were built to predict the stop–pass decision behaviors for the different e-bike rider groups, explaining that the potential time to the stop-line is the dominant independent factor of the different behaviors of GC and FG. Furthermore empirical analysis of decision points indicated that GC provides the earlier stop-pass decision point and longer decision making duration on the one side while results in more complexity of decision making and greater risk of stop-line crossing than FG on the other side.

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