Why Marshall Plan And The Berlin Airlift Blockade Important

Question: Portray the state of Europe after World War II. Answer: Presentation After World War II, Cold War came up as the greatest military and political pressure between the forces of Western and Eastern nations. The Western Bloc included United States and its NATO partners, while the Eastern part was the Soviet Union and its partners. The history specialists have not totally concurred on the timespan of Cold War, however it is considered during the time of 1947 till 1991. The term cold is related with this chronicled occasion on the grounds that there was enormous scope battle between the different sides. However, during that period there were numerous intermediary wars occurred in the territorial networks of both sides[1]. The Marshall Plan of the year 1947 and the Berlin Blockade in the year 1948 have been considered as noteworthy scenes in the advancement of Cold War. Notwithstanding, it is essential to comprehend the preconditions that made these two dubious issues as the key elements. The paper intends to discover the key entertainers that made Marshall Arrangement and Berlin Blockade as the central point answerable for the development of Cold War. State of Europe after World War II After the finish of Second World War, Europe was left in the crushed condition. There was a basic monetary defeat in Europe. A huge number of individuals had been slaughtered in the war, while a considerable lot of them were injured. The significant urban communities of Europe were demolished and it was in extraordinary need of monetary reform[2]. The war had influenced the horticulture and annihilation was high to such an extent that a considerable lot of the Europeans couldn't have enough food. The transportation framework and foundation were extraordinarily hurt, which prompted numerous problems.[3] The pulverization was broad in significant pieces of the landmass. There was shortage of food, crude material because of which creation was influenced. The issue of dislodged individuals and displaced people had additionally expanded. In Eastern Europe the triumph was commended, the landmass was in horrible state. A portion of the students of history accepted that Europe, however the entire world was influenced and different countries were likewise stressed over their security[4]. As per, Melvyn P. Leffker, the political, social and monetary dangers in the Europe were the purpose for the development of President Trumans Marshall Plan and was trailed by the Berlin Blockade[5]. The Marshall Plan As indicated by the history specialists and researchers, Berlin Blockade is viewed as the significant emergency brought about by the pressure of Cold War. The reference of this could be found in progress of Louis Halle and George Kennan. Anyway it is doubtful that strain between both the nations had diminished in the year 1945.[6] The dread of communalism was declined in Europe after World War II. The socialist gatherings were picking up notoriety in the Western Europe and it was accepted that if day to day environments are not improved, socialist pioneers will be elected[7]. This was the circumstance, which frightened the Americans, who needed to spare themselves from the danger of socialism. Along these lines in June 1947 the arrangement to assist Europe with rebuilding was declared. Marshall Plan was intended to help the war-torn Europe to revamp itself. This arrangement was actualized in the year 1948 till 1951. The sixteen European nations were supported through Marshall Plan; this was done so as to help the nations financially so they can defeat from the decimation of war. Authoritatively, this arrangement was called as ERP, which implies European Recovery Plan.[8] This program was named after the United States Secretary of States George C. Marshall, as he had assumed a significant job in framing this arrangement. George F. Kennan likewise assumed an essential job in instrumentation of this program[9]. Thirteen million dollars were given to Europe under Marshall Law. The guide was given as food supplies, apparatus, energizes and different necessities. The most generous measure of help was given to France, Great Britain and West Germany. It could likewise be said that France and Great Britain were the nearest partners of America during the war and consequently America needed to make these nations prosperous[10]. The proposal of Marshall Plan was open for Eastern European countries and USSR, however it was dismissed by Stalin expressing that this guide was politically propelled. Stalin accepted that America is attempting to win individuals, who live in Soviet circle with the goal that those individuals will bolster the Western bloc[11]. Marshall Plan helped in quick recuperation of Europe[12]. What's more, in limited ability to focus time the expectations for everyday comforts of individuals had been improved with destruction of outrageous destitution. The Marshall Plan was effective in lessening the impact of Communist gatherings in the Western Europe.[13] The Soviet Union was disappointed and considered it as the counter socialist move by America. Consequently, Marshall Plan made pressure among East and West and world was convinced with the new political conflict among America and Soviet Union. Along these lines, Marshall Plan made the Cold War a reality for the individuals of both the coun tries.[14] Another significant occasion that prompted strain among East and West was the utilization of nuclear bomb over Nagasaki and Hiroshima. This occasion separated the rest of the relations between Soviet Union and United States. In this manner Marshal Plan had assumed a significant job in the development of cold war. The Truman Doctrine likewise expanded the disturbance between both the forces. This precept expressed that America should bolster the nations and government, which are non-socialist and confronting assaults by the socialist developments under their limits or are under the danger of being attacked by the socialist countries.[15] This was considered as the intermediary war against Soviet Union. Under Truman Doctrine the guide of 400 billion dollars was given to Greece and Turkey. This cash significantly helped the Greek government to battle against the socialist revolutionaries and furthermore filled in as notice sing for the Soviet Union to avoid Turkey. American legislative issues and connection with USSR were profoundly influenced because of Marshall Law followed by Truman Doctrine and the battle stayed between two nations for 40 long periods of Cold War. The craving behind the Marshall Plan was to kill socialism from the Eastern Europe in light of the fact that the entrepreneur West accepted that destruction of Europe pos World War II would be the advantage for the USSR to make its extension.[16] Berlin Blockade The Germany was partitioned between the Western partners and Soviet Union, same way the city of Berlin was additionally isolated. The Eastern portion of the Berlin was heavily influenced by Soviet Union, while Western half was constrained by French, British and Americans. The city of Berlin was under the Soviet portion of Germany, in this way the associated controlled pieces of the city were totally cut off. So as to have the whole Berlin under their influence, the Soviet force began hauling the American powers out of their territory[17]. In the June 1948, the Soviets began obstructing the Western partners by confining channels, streets, railroad, and traffic between the western and the eastern segments of Berlin.[18] The food shipments were additionally halted and power of Western Berlin was cut off. Because of this circumstance, the Western Berlin was getting confined. This circumstance was called as Berlin Blockade. The circumstance of the individuals in Western Berlin turned out to be exceptionally horrible as they had no entrance to the outside world. The Soviet Union set forward the condition, that they would evacuate the barricade, if the Western partners would pulled back the recently shaped Deutsche mark from the West Berlin.[19] The individuals even expected that this circumstance will prompt World War III. At the point when all the endeavors of strategy neglected to give any indications of progress, United States composed another arrangement, which was called as Berlin transport. The Western partners sent plans conveying food supplies and different things to the individuals in Western Berlin. Around 200,000 flights were flown in one year to flexibly food and fuel to the people[20]. In excess of 700 airplanes were utilized during the airdrop. The Soviets didn't hinder between the transports, as they expected that this will prompt open war between the two forces. In this way, as per the Western partners, transporting was the most ideal approach to contradict the Berlin Blockade.[21] In this manner Berlin Blockade additionally became n significant factor in the advancement of cold war among America and Soviet Union. After the World War II, Berlin Blockade was considered as the main significant emergency that cleared the way for the Cold War. This emergency was the aftereffect of occupation strategies between Soviet Union and America[22]. Toward the finish of the Second World War, the eventual fate of Germany was in peril because of the division. The choice of division of the zones of occupation was the main noteworthy decision as indicated by wartime arranging. Considerably after the finish of War, the issue of Germany was not settled and was not successfully expressed in the Potsdam Conference in the year 1945. There was no dependability and unwavering quality among the pioneers of Britain and America. The aftereffects of word related strategy were likewise not predicted. The number of inhabitants in more than two billion individuals in Berlin was separated between the four occupation zones. The individuals confronted significant obliteration; with united besieging, the city was transformed into ruins and financial existence of individuals was under the dim shadow[23]. All things considered, got up to speed in such circumstance, Berlin assumed a significant job in the battle against Soviet Union. Soviets had the danger that there economy may fall and in this way they did the Blockade. Stalin accepted that by holding onto the authority over the Western associated Berlin they could ensure themselves.[24] In this manner, the three significant reasons that brought about the Berlin Blocked were the making of Marshall Plan for the remaking of the demolished Europe, The gathering of London in spring and winter of 1948 and London program that required the money change in West Germany.[25] The bar had expanded the strain between the two forces. Barricade was at long last finished by the Soviets in the

Athenian Artistic Performances Were They a Form of Propaganda Essay

The â€Å"glory that was Greece† arrived at its stature in fifth century BCE in Athens, under the administration of Pericles. He opened Athenian majority rule government to the customary resident, was liable for the development of brilliant sanctuaries and sculptures on the Acropolis and he, in actuality made the Athenian realm. The meaning of promulgation is â€Å"the arranged utilization of any type of open or mass-created correspondence intended to influence the brains of a given gathering for a particular reason, regardless of whether military, monetary or political† (Linearger, p. 39, 1954). This has undertones of unscrupulousness and keeping in mind that individuals expect it is an advanced marvel, its foundations return a lot further. The inquiry is nonetheless, was purposeful publicity overflowing in fifth century BCE Athens and provided that this is true, was it the main thrust whether unequivocally or not behind a considerable lot of the open presentations? A burial service address or epitaphios logos is an official discourse conveyed at a memorial service. The epitaphios is viewed as a for all intents and purposes one of a kind Athenian idea, albeit early components of such talks exist in the Epic verse of Homer and in Lyric verse of Pindar; what's more present day matches have been drawn between Lincoln’s Gettysburg address and Pericles. At the point when Pericles gave the epitaphios for Athenian warriors who had been slaughtered in the principal year of the Peloponnesian War. He accepted the open door to commend the perished, however Athens itself, in a speech which has been both adulated as cherishing the original fair framework and censured as undeniable purposeful publicity. In Thucydides’ book History of the Peloponnesian War, Pericles’ Funeral Oration is an incredible explanatory piece. Furthermore it is significant proof for the investigation of the Athenian feeling of personality and the manner in which they spoke to themselves as well as other people. It smoothly talks about the antiquated majority rule model and the image it depicts fills in as a model for equitable states today (Abbott, 1970). Thucydides determined a man would be picked to make a ‘appropriate speech’ I. e. it coordinated standard remedies of the epitaphios, which as indicated by Edinger, â€Å"consisted of various perceived subjects: recognition of the dead, commendation of the predecessors, commendation of the city, reassurance of the groups of the dead.

HR Hiring and retention Term Paper Example | Topics and Well Written Essays - 1750 words

HR Hiring and maintenance - Term Paper Example stake that a business can make is to leave a vocation opening abandoned as the individual in question keeps on trusting that the ideal individual will in the end be found to fill in this position. In all actuality, the best applicants in the activity showcase secure positions openings inside a brief timeframe and along these lines won't be heading off to various meetings, as they will handily make sure about the occupations they need without experiencing various meetings. It is critical to take note of that there are numerous others with a capacity to fill the position and may even fit into the organization in a superior manner than the apparent immaculate applicant may. During the time spent recruiting supervisors likewise need to maintain a severe spending plan and this implies there is an opportunity the ideal won't concur with the terms, in any case, this doesn't infer that chiefs ought to in this way settle for workers with lower capabilities. Rather, they ought to stay function al during the time spent looking for the most appropriate representative. Chasing for the best worker includes various advances that will guarantee that the procedure of enrollment and employing is done at the top level. One of the means includes building up a recruiting methodology , which whether or not all the positions are full at the present, must be distinguished so as to know the way wherein the future representatives will be found with the goal that the procedure can be smooth. A decent business ought to consistently know about the manner in which it will look for possibility to fill positions and this implies it should concoct an arrangement that will be set up if an opportunity emerges. Another progression includes concentrating more on preparing, as through preparing the laborers in the suitable way, the organization won't need to stress over the enlistment of up-and-comers later on since the greater part of the workers will be held at the organization. The laborers will likewise be more joyful and increasingly propelled when they have a decent comprehension of the exercises they should embrace and how they increment the efficiency of the

Dawry System - Free Essay Example

†¢Dowry is a social evil. Dowry system has been prevaling in all communities of India. It is an age old custom that is followed in India. When a boy is getting married to a girl the parents of the boy fix a certain amount of cash and gold to be given by the girls parents. In olden days there was no demand from the boys side. The girls parents used to give some amount to the boys parents as gift. Later it became a habit to demand dowry. The brides parents struggle to arrange for cash. If dowry is not given the bride is harassed by the in-laws and their relatives. The grooms resort to beating and mental torture on the bride. The institution of marriage which is supposed to be very sacred turned out to be a trade of men by the parents. The more educated the boy is the more the dowry is demanded. Apart from cash,gold and other house hold articles are demanded. In some countries in the ancient times the groom only had to bring certain no: horses to give to brides father then only he was allowed th marry the girl. The kings in India used to give dowry only for the sake of prestage. There was no greed from the grooms side also. Ladies were respected though they were confined to the four walls. Later the attitude changed and people were overcome by greed. Dowry is also one of the reason for gender discrimination. If a girl is born the father almost has a heart attack. The population also increased in our grand fathers times. They used to give birth to so many children waiting for a boy to be born. In some communities the girl child was abandoned or even killed. With the development of science female infenticides began. Some people resort to abort the girl child. Now a days even the educated boys who are settled abraod are harrasing their wifes for more dowry. The bride who goes with dreams of happy life suffer in an unknowm coutry. This is really a shameful situation. The girl who is brave walks out of such situations. In some cases cheating also takes pl ace. The boy gets married in another country with out his parents knowledge. For sake of dowry he come to india and marry again and abandon the girl. The parents should be careful while giving their daughters to NRIs We read many cases of girls commiting suicide and being killed by the inlaws for the sake of dowry. How can people be so unkind to resort to such henoius crime of murdering? Some of the freedom fighters have tried to abolish dowry system but still it is continuing. Previously since the girls were not having the right to property the father used to give a part of his property as dowry. Now the girls are having equal rights on her parents property and are highly educated and are earning equally like men. Women have become financially independent. But the dowry system is not abolished completely though it has become less. Measures should be taken to abolish dowry system 1. Anti dowry laws should be made stringent. 2. The boys should be brain washed at an young age it sself against dowry. 3. There should be group discussions about it in colleges 4. The boys should take the initiative by telling their parents not to demand 5. Girls should refuse to marry if dowry is demamded. 6. Intercaste marriages should be encouraged. 7. The girl should be strong enough to walk out if she is haressed. 8. Action should be taken on in-laws who are harassing. Skip to Navigation †¢Skip to Content

New Hampshire Colleges SAT ACT Scores for Admission

Evaluate the Output of the Process and the Quality Gateways

Module: Financial Management and Control Unit: Sources of Finance and Costing Concepts Lesson: Long-Term Sources of Finance  © Resource Development International Ltd. (RDI) 2009 Long-Term Sources of Finance Introduction Page 1 of 7 Accounting is an essential function in any business - whether it is a sole trader or a multinational corporation. It involves two key concepts: Bookkeeping - where a detailed recording process is used to identify every financial transaction that takes place involving an organisation. This is a painstaking process requiring an excellent eye for detail, and measures the financial effects of economic activity. Financial reporting - where details of the financial activities of an organisation are†¦show more content†¦ The above involves participation in management to ensure that there is effective formulation of plans to meet objectives (strategic planning); formulating of short-term operation plans (budgeting/profit planning); acquisition and use of finance (financial management) and recording of transactions (financial accounting and cost accounting); communication of financial and operating information; corrective action to bring plans and results into line (financial contrit e; reviewing and reporting on systems and operations (internal audit management audit). The next section discussed the competitive environment for which the management accountant provides information. End of Page 1  © Resource Development International Ltd. (RDI) 2009 Long-Term Sources of Finance Page 2 of 7 Every organisation will need to have an adequate amount of financial strength to carry out the activities that form the business operations. The sources of such funding are discussed in detail in this lesson, but before embarking on the discussions consider the different types of funding that a selection of organisations might require. Think about some different types of organisations. What would be their key sources for funding? To what purposes would this funding be put? Do youShow MoreRelatedAssignments: Managing Business Activities to Achieve Results1060 Words   |  5 Pagesimprove their effectiveness and efficiency and achieve the desired results for the business. Learners are encouraged to consider the importance and interrelationship of business processes and the implementation of operational plans, together with quality systems and health and safety, in achieving satisfactory results. †¢ Learning outcomes On successful completion of this unit a learner will: 1 Understand the importance of business processes in delivering outcomes based upon business goalsRead MoreManaging Operational Activities to Achieve Business Results2427 Words   |  10 PagesDocumentary - BMW Quality Processes http://www.youtube.com/watch?v=OPSCh3Ys_B8 National Geographic – Megafactories Doc BMW / Mini Quality http://www.youtube.com/watch?v=kk98q1N4XXI 3. Recommended Learning Weblinks: www.bsieducation.org (British Standards Institution) http://www.bmwgroup.com (BMW Education) http://www.wincanton.co.uk (Supply Chain Management) www.times100.co.uk (Times Resources) http://www.quality-foundation.co.uk(UK Quality Foundation) http://www.efqm.org/ (EU Foundation Quality ManagementRead MoreManaging Business Activities to Achieve Results Essays723 Words   |  3 Pagesappropriate systems to improve organisational performance 4 Be able to manage health and safety in the workplace. 1: 1.1 evaluate the interrelationship between the different processes and functions of the organisation 1.2 justify the methodology to be used to map processes to the organisation’s goals and objectives 1.3 evaluate the output of the process and the quality gateways 2: 22.1 design plans which promote goals and objectives for own area of responsibility 2.2 write objectives, whichRead MoreOnline Hotel Booking System1699 Words   |  7 Pagesmay now proceed to Chapter 2 and 3. Find time to visit me in the office for further consultation for the better improvement of your research. Chapter 1 INTRODUCTION Situation Analysis â€Å"If you want to impose change into something, you have to evaluate first where it stands at the moment. That’s the only way you could completely understand the needed improvement.† As you walk in the lobby, embrace the warm welcome and smiles of the staff and feel at home. From friendly and courteous staff to upscaleRead More1.Introduction. An Understanding Of Modern Operations And1883 Words   |  8 Pagesoperations and process management is a vital attribute of any successful and repeatable business. Understanding the flow of work provided, how the transformation of the relevant inputs turn into outcomes that meet the needs of various customers is key to being able to effectively change and adapt to the ever-evolving modern marketplace. This paper will cover a key process in the consulting business of Genesis Solutions, a management consulting company, and in doing so, will analyse and evaluate the fiveRead MoreDcsn Case3434 Words   |  14 Pagestechnology into their systems. They were capable of figuring out the importance of having information which is aligned with their business data. Enhanced data sharing would allow the company to meet order demand an d deliver on time with the highest quality. The Chief information officer of the company explained to the Chief executive officer that instantaneous gains can be grasped by integrating IT into the Supply Chain System of the enterprise. He also reported three types of meditation implementationRead MoreMis Essay6246 Words   |  25 Pagesrepresenting events occurring in the organization before they are organized into an understandable and useful form for humans.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   An Information System can be defined technically as a set of interrelated components that collect or retrieve, process, store and distribute information to support decision making and control in an organization. A system which assembles, stores, processes, and delivers information relevant to an organization or to a society, in such a way that the information is accessibleRead MoreThe Components Of Lifecycle Of Network Security812 Words   |  4 Pagesillegal information gathering 7. Deliberate software attacks: virus, worms. 8. Deviation in quality of service: power etc. 9. Forces of nature: earthquake, fire etc 10. Technical H/w failures: equipment failure 11. Technical S/w failures: bugs 12. Technological obsolescence. o cts of tThere are three general approaches to threat identification; †¢ Attacker-centric: starts with an attacker, and evaluates their goals, motivations, and how they might achieve them. †¢ Software-centric or design-centric:Read MoreManaging Business Activities to Achieve Results4468 Words   |  18 Pagesimportance of business processes in delivering outcomes based upon business goals and objectives LO1 Evaluate the interrelationship between the different processes and functions of the organisation 1.1 Justify the methodology to be used to map processes to the organisation’s goals and objectives 1.2 Evaluate the output of the process and the quality gateways 1.3 Be able to develop plans for own area of responsibility to implement operational plans LO2 Read MoreA New Community Based Policing Program1037 Words   |  5 Pagesagainst the police department. PERFORMANCE MEASUREMENT: Measurements Measure Target Input: Cost of training per student, two police officer vehicles, salaries and benefits. As budgeted, excluding office space already provided by the Police Department Output: Number of students in training 100 students per year Outcome: Change in students’ proficiency in the area of community policing and law enforcement techniques. Thus, improving training for future generation of law enforcement officers in the City

Good Faith And Best Interest Of The Company †MyAssignmenthelp.com

Question: Discuss about the Good Faith And Best Interest Of The Company. Answer: Introduction The subject matter of the present case is to define the term good faith and best interest of the company and the relationship between the best interest of the company and in the interest of the company as a whole. The Corporation Act of 2001 in Australia deals with the subject matter or any case related to the company or the corporation. In the present case, there are three terms used, such as good faith, best interest of the company and in the interest of a company as a whole (Anderson 2014). The terms are interconnected with each other that are based on the duty of a director of a company. Under the Corporation Act 2001, it has been stated that every directors has certain duties towards the shareholders and as well as the other stakeholders and they should be maintained good faith while performing their job (Barker, Barton and Fagan 2016). Therefore, it can be observed that, it is the primary duty of the director of a company to act in good faith for the best interest of the compan y as well as in the interest of the company as a whole. The objective of the act is to secure the interest of the shareholders and so that the companys future becomes prosperous. It is true that the terms are interconnected to each other but there are certain differences can be observed regarding the best interest of the company and in the interest of the company as a whole (Bolimos, Bolimos and Choo 2017). Good faith The term good faith means to do some job or work sincerely. Under the Corporation Act the term good faith denotes to identify the acts of the director in the course of their duties. Under the purview of Corporation Act 2001, two section 181 and section 184 deal with the term good faith. In every company directors plays an important role, grab an important position for the management of the company in a better way, and work in that way for the betterment of the company (Brown and Lawrence 2017). It is the primary duty of a director to look into the matter responsibly and to make a connection between the company and the stakeholders. Stakeholders consist of certain kinds of persons without whom the company cannot be incorporated or cannot be continued its duties (Chia and Ramsay 2016). It can be stated that if the director of a company does not work in good faith, there can be certain contradictions happen regarding the procedure of the company and the primary objective of the Act cannot be fulfilled. The director should keep in mind that he must perform his duties on the basis of the interest of the company and shareholders. Law to secure his own interest without securing the interest of the company bars him (Dixon 2016). The principle of good faith is based on the principle of equity. Under the Corporation Act 2001, there are certain fiduciary duties and certain statutory duties present and it is the duty of every director to act on the basis (Hannigan 2015). By fiduciary duties it is meant, something that is related to the trust and the term is connected and/ or must regarding the person posted in an important place. The term good faith is used to denote the performance of the companys director so that they can maintain honesty in the job environment. From the definition, it can be clarified that what are the importance of a director in a company. The directors of a company are represented themselves as a governing body as the executive head of the company (Hiller 2013). It has been stated under section 180 of the Corporation Act that every director of a company should act diligently and must show certain care to the shareholders of the company. It is the primary object of the director of the company to act in good faith and the relevant provisions of the same as discussed under section 181 of the Corporation Act 2001. It has been stated under the section that there are certain mandatory duties for the director of a company and one of such duty is to act in good faith. It has been stated earlier that the director of the company holds an important position in the administration of the company and therefore if the directors have failed to make them trustworthy, then the future of the company can be affected at large (Mills 2014). The primary objective of section 184 Corporation Act is to secure the interest of the company and therefore if there is any breach regarding the good faith by the director of the company has been observed and allegation brought against the director of a company, he shall be liable to face the relevant provisions of law regarding the breach. There is another provision under the Corporation Act 2001 that is mentioned under section 184. This section is quite different than the section 181 of the Corporation Act to certain extent (Nicholls, Donald and Liu 2015). The term good faith has been defined under section 181 of the Corporation Act, where section 184 of the Corporation Act deals with the criminal breaches made by the director regarding the term good faith. Certain penalties or also imposed on the directors if the allegations made against the direc tors of the company regarding the good faith has been proved or has been supported by the evidences. A director can violate the position of good faith in case where they will be failed to perform their duties sincerely and certain reckless acts done by the directors during the course of their employment (Riaz, Ray and Ray 2015). In ASIC v Adler (2002), it was held that it is the duty of the director to act diligently and in good faith with the shareholders of the company. Under the scenario of the case, a non executive director of a company has both certain shares regarding the insurance company and with an intention to cheat or deceive the company and tried to proceed with the same ulterior motive. It has been observed that Adler was not disclose all the relevant facts to the shareholders and his colleagues including the other directors of the company and therefore held liable under the provision of the section 181 of the Corporation Act regarding violation of the position of good faith. In ASIC v Macro Realty Developments Pty Ltd (2016) it has been observed that the fiduciary duties of a director has been violated by the development company and therefore help liable under section 181 of the Corporation Act 2001. Best interest of the company The term best interest of the company stands on the interest of the shareholders. It is no doubt that the shareholders of a company are playing an important role in the administration of the company. The economic backbone of the company is very much dependent on the sets of the shareholders on certain circumstances. Shareholders are buying the share of a company and hence they help the Company to gain liquid cash. Being holding a fiduciary position it is that the duty of a director to act for the benefit of the shareholders and to secure the interest of the shareholders. Except the investment every shareholder of a company and holding certain important places regarding the appointment of the director and regarding the participation in the Annual General Meeting of the company. The Corporation Act 2001 was enacted to secure the interest of the company as well as the interest of the shareholders. It helps to give security to the shareholders from the arbitrary acts of the directors. Care intelligence at the most important thing for the directors of a company while communicated to the shareholders. The provision regarding the section 180 of the Corporation Act states about the care and diligence of the director of a company. In ASIC v Cassimetes, it has been held at the director of certain duty towards the shareholders and act for the interest of the shareholders as a whole. The Directors are stopped by the Corporation Act to receive the shareholders of a company of to snatch away the basic right of the shareholders. In this case the directors of the storm company have projected a business model and announced the shareholders of the investors to invest their money into the project 2 on a lump sum amount after the maturity of the period. The director of the co mpany had failed to make the investors aware about the risk of the investment and after financial break down, all the invested money had lost. Therefore, there is a clear laxity regarding the interest of the shareholders have been observed in this case. Director of a company should have the intention to work in such a manner so that the acts can be resulted in the prosperity of the company and should have some intentions to work positively. In a company, directors are holding such important position and therefore it can be said that the directors of a company have certain fiduciary duties to be performed during the course of their business. The law has prescribed certain provisions on the fiduciary duties and it is stated under the act that the directors should be performed their duties or the fiduciary duties honestly (Hiller 2013). From this aspect, it is their responsibility to deal with the shareholders with due diligence. In Sharp Ors. v Blank and Ors. (2015), it was observed by the court that every director should be loyal when acting with the shareholders of the company and have to provide relevant information regarding any kind of works. In Starlink International Group v Coles Super market, it was a list against the supermarket that a contract have been signed in between the company and the supermarket and afterwards the contract, the Supermarket head terminated all the provisions of the contract without maintain the relevant provisions to this aspect. Therefore, a case was filed against the supermarket and the court ordered that the supermarket has failed to show any evidences regarding the diligence performed by the supermarket regarding the contract. Best interest of the company: The second question of this paper is based on the differences between the best interest of the company and in the interest of the company as a whole and through this chapter, it has been mentioned in a detailed way. It is clear from the previous answer that the time best interest of the company is interconnected with the interest of the shareholders of the company. It is an obligation to the directors of the company to act in good faith regarding the shareholders and penalties are provided in the provision of the Corporation Act if any breach has happened by the directors to this respect. In Hutton v Wester Cork Railway Co. (1883), it was observed that the director of a company hold certain fiduciary positions and therefore it is their ability to act for the interest of the shareholders (Tills and Wills 2016). It is of no doubt that the shareholders of the company hold certain important position in the company and there's interest should be secured by the directors as they hold certain fiduciary position in the company. In the profession of Australia, shareholders are playing an important role regarding the administration of the company. Therefore, it is there right to get certain benefits so that there interest can be secured and it is the duty of the director of the company to disclose all the relevant facts and matters to facilitate the process of securing the interest. In the interest as a whole The term interest of the company as a whole is not limited to the shareholders of the company only, but it means the interest of the company as a whole. In every company the administration of the executive works are performed by the stakeholders that include the director also. Therefore, it can be said that the administrative over the executive duties of a company is depended all the acts of the stakeholders. In Aberdeen Ry. V Blaikie(1854), it was observed that a director of a company has to show interest for the stakeholders as a whole and should not be Limited after certain categories of the stakeholders. Relationship between the two terms: It can be observed that a company is a separate legal entity through different case laws. It has also been mentioned that the stakeholders are the part of it and the company cannot make any steps or move without the directors and the other stakeholders. Sometimes, it can be seen that the directors are also included under the definition of the stakeholders. The directors are represented the company in various occasions and therefore it is the duty to act in good faith or to act diligently. Under the Corporation Act there are certain provisions dealing with the acts of the directors and regarding the breach in the directors duties (Li 2014). In Salomon v Salomon (1897), it can be stated that a company is a separate legal entity and therefore it is the duty of the director of a company to act for the interest of the company and not to the interests of the specific person of the company (Viven-Wilksch 2015). It is a historical case regarding the company act and the principle of lifting the corporate veil has been raised from the case. In Sharp v Blank others, certain contradictory profession was made as against the case of Solomon. In this case, it was observed by the court that share holders at the part of the company and company is not separate from the shareholders or the stakeholders. The principle of interest of the company as a whole has been established in this case and it was held by the court that the director of a company should act by maintaining the following principles laid down under the previous case (Welsh 2014). In Perceval v Wright (1902), an allegation against the director has been made and it was stated that he had failed to provide sufficient interest to the company while performing his duties. The presiding officer of the case was point out certain relevant provisions regarding the apps of the detector and stated that the primary object of a director is to secure the interest of the company and the interest of the shareholders at the secondary object. From the above statement, it is to be stated that there is a difference between the two terms. By best interest of the company, it means for the interest of the shareholders and in the interest of the company as a whole means for the interest of the company only. In the later part, it is to be observed from the various decisions of the court that company is a separate legal entity and shareholders are just a part of it (Whincop 2017). It is to be stated that the director of a company should have to take personal care to the company only and not to the shareholders. Therefore, it can be stated that the two terms are contradictory in nature. However, both the terms are inter-related to each other as both the terms are connected to the interest of the company. Conclusion Therefore, it is cleared from the above mentioned discussion that all the three terms of this case that is the good faith, best interest of the company and in the interest of the company as a whole is interconnected to each other. There is a prolonged study about the directors duties and responsibilities towards the company and the shareholders has been discussed in this paper. All the relevant principles of law as well as a profession of the Corporation Act 2001 have been discussed in this paper. The contradiction between the best interest of the company and in the interest of the company as a whole is still remain unsolved. There are different notions about the same has been taken place in different cases. How work the main outcome of the paper is that director is holds certain fiduciary position in the management of the company and he has to secure the interests of the company as well as the interests of the shareholders during the performance of his duty. References: Aberdeen Ry. V Blaikie (1854) UKHL 1 Anderson, H., 2014. Directors' Liability for Fraudulent Phoenix ActivityA Comparison of the Australian and UK Approaches.Journal of Corporate Law Studies,14(1), pp.139-173. ASIC v Adler (2002) NSWSC 171 ASIC v Casemates [2016] FCA 1023 ASIC v Macro Realty Developments Pty Ltd (2016) FCA 292 Barker, S., Baker-Jones, M., Barton, E. and Fagan, E., 2016. Climate change and the fiduciary duties of pension fund trusteeslessons from the Australian law.Journal of Sustainable Finance Investment,6(3), pp.211-244. Bolimos, I.A., Bolimos, I.A., Choo, K.K.R. and Choo, K.K.R., 2017. Online fraud offending within an Australian jurisdiction.Journal of Financial Crime,24(2), pp.277-308. Brown, A.J. and Lawrence, S.A., 2017. STRENGTH OF ORGANISATIONAL WHISTLEBLOWING PROCESSESANALYSIS FROM AUSTRALIA NEW ZEALAND. Chia, H.X. and Ramsay, I., 2016. An Analysis of Shareholder Resolutions Involving Australian Listed Companies from 2004 to 2013. de Melo Bandeira, G.C.S., 2013. Corruption and social and economic criminal law: Criminology, criminal policy, political science and law economicsA new idea about criminal liability of legal entities.Tkhne,11(2), pp.105-113. Dixon, O., 2016. Honesty without Fear-Whistleblower Anti-Retaliation Protections in Corporate Codes of Conduct.Melb. UL Rev.,40, p.168. Hannigan, B., 2015.Company law. Oxford University Press, USA. Hiller, J.S., 2013. The benefit corporation and corporate social responsibility.Journal of Business Ethics,118(2), pp.287-301. Hiller, J.S., 2013. The benefit corporation and corporate social responsibility.Journal of Business Ethics,118(2), pp.287-301. Huggins, A., Simnett, R. and Hargovan, A., 2015. Integrated reporting and directors concerns about personal liability exposure: Law reform options.Company and Securities Law Journal,33, pp.176-195. Hutton v Wester Cork Railway Co. (1883)23 Ch D 654 Li, Y., 2014. The impact of corporate governance on the corporate social responsibility of small corporation in australia: a structural equation modeling approach. InWEI International Academic Conference Proceeding, New Orleans, USA. Mills, C.W., 2014.The racial contract. Cornell University Press. Nicholls, R., Donald, M.S. and Liu, K., 2015. It's a Small World after All: Using Social Network Analysis to Investigate Systemic Risk in the Australian Superannuation Sector. Percival v Wright [1902] 2 Ch. 401 Riaz, Z., Ray, S. and Ray, P.K., 2015. Collibration as an alternative regulatory mechanism to govern the disclosure of director and executive remuneration in Australia.International Journal of Corporate Governance,6(2-4), pp.241-274. Salomon v Salomon Co. Ltd (1897) AC 22 Sharp Ors. V Blank and Ors. (2015) EWHC 3220 (Ch) Starlink International GroupPty Ltdv Coles SupermarketsAustralia Pty Ltd Anor [2011] NSWSC 1154 Tills, M. and Wills, C., 2016. Corporate law: Directors found guilty of breaching duties following corporation's breaches.Governance Directions,68(10), p.624. Viven-Wilksch, J., 2015. The adventures of good faith: can legal history and international developments provide guidelines for Australia?.Alternative Law Journal,40(2), pp.89-92. Welsh, M., 2014. Realising the public potential of corporate law: Twenty years of civil penalty enforcement in Australia.Fed. L. Rev.,42, p.217. Whincop, M.J., 2017.Corporate governance in government corporations. Routledge.