(HSBC Holdings Plc Deutsche Bank AG)To what extent can differences in Essay

(HSBC Holdings Plc Deutsche Bank AG)To what extent can differences in the business strategy or pattern of corporate governance of these two companies be expla - Essay Example This includes, managing funds, investments, and stakeholders. The businesses operate within a complex system of interests and influences. Bebchuk et al. (1) contend that corporate governance arrangements can substantially affect shareholders. While identifying the stakeholders, the corporate are supposed to look beyond the formal structure of the organization. Therefore it is required to have a look at informal and indirect relationships as well. With growing influence of media and politics managing the corporate houses have become more challenging task. Political parties require campaign funds, while corporate houses want sympathizers in the government. In this paper an attempt has been made to study the corporate governance principles of two of the leading banks viz. HSBC and Deutsche Bank AG. Both these banks have been serving its customers over a wide range of segments and markets in different countries, while competing with each other in some of the markets. Corporate governance structures and styles vary in the environment they operate. This variation may result in the form of different countries, types of market forces, prevailing economic conditions, types of customers/ consumers available, internal as well as external environment of the country, competitors available in the market etc. Gillan (3) draws a Corporate Governance and the Balance Sheet Model of the Firm as shown below; The left hand side of the diagram depicts the elements of internal governance system, while the right hand side shows the elements of external governance with pulls and pressures from debt-holders and other stakeholders. A composite system of corporate governance takes into account both the internal as well as external factors. Therefore comparing HSBC and Deutsche bank we find that both these banks have been offering a range of services, including asset management; cash management; securities issuance and trading; and conventional banking. Both the banks serve individual as well as corporate clients. But there is lot of difference in the way these banks have formulated strategies for serving the corporate needs. At the Deutsche the corporate banking & securities division is divided into five business units namely; Global markets; Global Equities, Global Corporate Finance, Loan exposure management group (LEMG) and Global banking division. On the other hand the corporate, investment banking and markets division in HSBC is organized into three units, namely; Global markets; Corporate and investment banking; and Group investment businesses. This shows that while Deutsche prefers to place specialist workforce for special needs, HSBC prefers to have wants its managers to specialize in more than one field. One ap parent reason for this difference in strategies is because of the area of operation of both these banks. While HSBC has to its footprints over a large area in around 80 countries in five regions, Deutsche bank operates in around 75 countries, but Deutsche bank primarily operates in Germany, the rest of Europe, North America and certain parts of Asia-Pacific. Therefore the area of operation is comparatively larger for HSBC. Asia-Pacific, where HSBC has more presence is quite complex region as there are wide variations in market requirements, consumer behavior, forms of government etc. Liberalization regime that has come along with

Reading response-GAY MARRIAGE Essay Example | Topics and Well Written Essays - 250 words

Reading response-GAY MARRIAGE - Essay Example On the contrary, 2013 polls had found that 52% of Texans had favored same sex marriage in other states while only 47.9% supported same marriage equality in their state. Finally, it appears that the Texans are crowding traditionalist ideas and giving in to accepting gay couples the right to marry. The article would be a good source for a long research paper about legal gay marriage because it portrays how the society has changed from traditionalist to being open minded. This paper warrants further research not only in the United States but globally at large. This is because gay marriage has become a cultural battle. However, in my own opinion, the bible condemns same sex marriage because it defies the law of nature that God wanted for mankind. On the contrary, banning gay marriage is a violation to those who engage in it. Furthermore, banning gay couple’s marriage, does not translate that the act will disappear forever, but, it will always happen secretly. Moreover, I think banning will even provoke more people to engage in homosexuality and lesbianism.s In conclusion, the article is critical to the issue of legal gay marriage in Texas. However, Judge Garcia issues a preliminary injunction awaiting for the high court to hear the case and give its verdict. On the other hand, the article is to the point and can warrant further research in gay marriage controversial issue. Finally, the nation at large should handle the issue and a decision made on a national level rather than on a state level. Lapidos, Juliet. "Gay Marriage: Soon Available in Texas." 2014. Web. 3 Mar 2014.