...an untapped target market is that it is a growing presence of women in the workforce. * The world bank estimated in 2007 that one-third of women owned businesses in the United Arab Emirates generated over $100,000 a year compared to 12 percent of American women owned companies (Reuters, 2010) * Women held 37% of the jobs in the securities workforce in 2003 (pg. 319) 2. Analyze the UBS organizational culture using Edgar Schein's "Model" of Levels of Organizational Culture: Artifacts (visible), Values (espoused and operational), and Basic Underlying Assumptions. See p. xv in the Harvey & Allard text for an overview of Schein's Levels of Organizational Culture. A. Surface Level Artifacts * The merger of the Union Bank of Switzerland and the Swiss Bank in 1998 resulted in the second largest bank in Europe. * Acquired the U.S. Paine Webber Group Inc. to become the world’s largest wealth management firm. * Employment of approximately 64,000 people in over 50 countries. B. Espoused and Operational Values * The president and COO of UBS stated that “Diversity is one of our core values”...
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...chose Perpetual fund over the rest and they will be explained below. The first and foremost are the excess returns after entry fees and management fees. Fund | UBS | Perpetual | HSBC | Merrill | 5 year return | 11.90% | 13.81% | 7.83% | 8.24% | Benchmark Return | 9.24% | 9.24% | 9.24% | 9.22% | Excess return | 2.66% | 4.57% | -1.41% | -0.98% | Figure 1: Table of Excess returns before computation of entry and management fees Figure 1 shows the excess returns that the respective fund managers achieved for the period of year 2000-2004. All returns have been annualized for comparison. It is shown that Perpetual fund managers outperform their benchmark by 4.57%, which is almost 50% higher than the nearest competitor, UBS funds. A mutual fund traditionally has management and entry fees, which affect the actual net return an investor receives. It should be noted that the Perpetual Fund has one of the highest entry and management fees which are 4% and 1.95% respectively. Nevertheless, it still manages to outperform the benchmark and its competitors. At this juncture, it should be noted that HSBC Imputation Fund and Merrill Lynch Australian Shares Fund have been ruled out in our selection, as they are not able to match the benchmark. Taking a closer look at UBS and Perpetual, Figure 2 below shows that UBS has not achieved its investment aim of beating the S&P/ ASX 300 Accumulation Index over three year rolling periods, in the period 2002-04. Perpetual on the other hand...
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...Macquarie University Master of Applied Finance ------------------------------------------------- Emissions Trading ------------------------------------------------- Assignment 2 ------------------------------------------------- Onesteel Prepared by: Wayne Andrews Student number: 41712986 September 2011 Subject Number : ECFS905 Lecturer : Julian Turecek Class : Sydney P. T. Company Selection Select an ASX200 company that is expected to have a carbon exposure equal to or greater than 2% of EBITDA at a $23/t carbon price. Question 1 Determine the company’s carbon exposure, including direct (Scope 1) and indirect (Scope 2) emissions and establish that its exposure is greater than 2%. The following table summarises Onesteel’s actual and estimated for FY10, FY11 and FY12 emissions and imputed carbon cost under the currently proposed Carbon Tax, relative to reported EBITDA. Table 1 – Implied impact of carbon pricing imputed to 2010 results | Company Guidance | Fixed Price imputed for comparison | Fiscal year commencing | FY10 | FY10 | FY11 | FY12 | Carbon Price (FY10/11 theoretical) | 23.0 | 23.0 | 23.0 | 23.0 | EITE Assistance Rate | 94.5% | 94.5% | 94.5% | 94.5% | EBIT DA $Mil | 619.0 | 619.0 | 638.0 | 717.6 | Type 1 Emissions | 2.55 | 2.55 | 2.66 | 3.05 | Type 2 Emissions | 1.34 | 1.34 | 1...
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...be discouraged by increased governmental and environmental regulation. Larger players tend to also control access to distributions and could discourage new entrants from entering. Switching costs are rather simple because there is no uniqueness to the product. “However, entry barriers are lowered by the lack of differentiation within this industry.” Some countries have also introduced economic incentives for the Global Paper and Paper Products market. These incentives could create a favorable investment environment for new entrants. Rivalry Among Existing Firms Rate of Force: 4 (Moderately High) 2 Rate of Industry Growth 1 Product or Service Characteristics 5 Amount of Fixed Costs 6 Capacity 6 Height of Exit Barriers 4 Diversity of Rivals The Global Paper and Products industry is considered highly fragmented. The five largest companies control less than 5% of the total industry. “Consolidation activity has again heated up in the paper and forest products industry” as growth has stalled and companies are in search of synergies to reduce costs. There aren’t many distinct...
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...CASE STUDY Brand Kingfisher : Creating a Lifestyle Brand -- Lekha Ravi Team Leader, The Icfai Research Center, Chennai. The author can be reached at lkhravi@yahoo.co.in The United Breweries (UB) group today (2008) boasts a diverse portfolio of businesses - alcoholic beverages, life-sciences, engineering, aviation, agriculture, chemicals, information technology and leisure. The man behind this potent diversity is none other than India's flamboyant tycoon Vijay Mallya (Mallya). Mallya's association with the rich, trendy and the luxurious seems to have rubbed off on his brands. All through his glitzy forays into various fields, Mallya has fastidiously endorsed Brand `Kingfisher'. His entry into aviation with the glamorous launch of Kingfisher Airlines drew a lot of its brand equity from Mallya himself. Media reports often analyze how Mallya promotes the `Kingfisher' brand by associating it with lifestyle events like horse-racing, Formula 1 racing and prestigious launches. Reflecting on how he contributes enormously to it through his own flamboyant lifestyle, it is pertinent to probe into the prospects of Kingfisher's brand extension. The Kingfisher brand has come to epitomize a lifestyle that encompasses some of the finest things in life and is today synonymous with delivering a premium experience. - Vijay Mallya Brand Kingfisher I am the brand ambassador; I am the `King of Good Times',said Mallya, the brainchild of Kingfisher brand launched in the year 1980. Reports say...
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...Authority Mary Jane McQuillen ClearBridge Investments Jennifer Coulson British Columbia Investment Management Corporation Christie Stephenson NEI Investments Lisa Domagala Solaris Investment Management Ralf Frank DVFA (Society of Investment Professionals in Germany) Dr. Hendrik Garz Sustainalytics (previously employed by West LB) Bryan Thomson British Columbia Investment Management Corporation Mike Tyrrell SRI-Connect Stéphane Voisin Cheuvreux Niamh Whooley Société Générale Robert Hauser Zürcher Kantonalbank (ZKB) Between March and May 2012 the ESG Integration Working Group interviewed 17 brokers, research providers and investment managers to draw out best practice examples of integrated equity analysis. These case studies form the basis of this review (see Appendix 1 for a list of those interviewed and the research reviewed). Thanks to the PRI ESG Working Group who have written this document in...
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...Authority Mary Jane McQuillen ClearBridge Investments Jennifer Coulson British Columbia Investment Management Corporation Christie Stephenson NEI Investments Lisa Domagala Solaris Investment Management Ralf Frank DVFA (Society of Investment Professionals in Germany) Dr. Hendrik Garz Sustainalytics (previously employed by West LB) Bryan Thomson British Columbia Investment Management Corporation Mike Tyrrell SRI-Connect Stéphane Voisin Cheuvreux Niamh Whooley Société Générale Robert Hauser Zürcher Kantonalbank (ZKB) Between March and May 2012 the ESG Integration Working Group interviewed 17 brokers, research providers and investment managers to draw out best practice examples of integrated equity analysis. These case studies form the basis of this review (see Appendix 1 for a list of those interviewed and the research reviewed). Thanks to the PRI ESG Working Group who have written this document in...
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...enery supplies without owning all the power plants. as a substitute, Enron would use contracts to have power over the services in which other companies had invested their hard earned money. The paper will describe how the management functions which consist of controlling, leading, organzing and planning are utilizrd by Enron. Enron Corporation is the world leading electricity, natural gas, pulp and paper and communication company. Stakeholders and employees lost large sums of money in the Ernon scandel. The top exectives were able to cash out before the scandel was publizeised. Enron became known as the Enron Scandal because of a creatively planned accounting fraud. The paper will also address globalization, technology, innovation, diversity and ethics and how they affect the management functions of Enron. The paper will show how supervisors will use delegation to control the different causes and purposes listed. The Enron history is not plainly a story of a isolated business that steped into thee fire and got burned. Enron got just what they describe. Enron was able to take large chances while keeping shareholders in the dark because it could expolit accounting loopholes for subsidaries that are available to most openly traded companies. Companies like Enron can legally cover up large debts because rules involve a full bookkeeping of a subsidary’s balance sheet only when the parent company owns more than half of it. Globalization Globalization is the process...
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...from Impact International looks at four key challenges that must be addressed by learning organizations to effectively align corporate training with business strategy. Drawing on examples from a number of leading companies, we suggest that the best vehicle for sustainable organization development is to engage training participants in real work with live strategic issues. This delivers a “triple hit” benefit wherein training can achieve development goals; increase participant grasp of and commitment to company strategic goals; and actually produce innovative ideas, solutions and strategies to meet the needs of the business. Since the publishing of Adelsberg and Trolley’s influential 1999 book Running Training Like A Business, which made the case that training departments must evolve from an HR function to a business orientation, it appears that little has changed. In a 2011 update to their original research they concluded that: • Training remains tactical • “Keys” to be strategic are obvious, but the challenge is using those keys to unlock value •...
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...Case Study on Board Quotas Prepared By- Md. Rokib Chowdhury (Id: 3-15-30-036) Md. Ifteakhar Alam (Id: 3-15-29-087) Biplab Vattacharjee (Id: 3-15-30-063) Md. Mosfiqur Rahman (Id: 3-15-30-062) Submitted to- Prof.Dr. Md. Abbas Ali Khan University of Dhaka Contents page no Summary …………………………. 3 Ques no1 …………………………. 4 Ques No2 …………………………. 7 Fig 1 ………………………….. 7 Fig 2 …………………………… 9 Ques no3 …………………………….. 9 Fig 3 ………………………………… 13 Ques no 4 ………………………………… 14 Summary Board Quotas for women is important for the participation of women in the workforce. In United States quotas for women is only 15%. Among 100 large companies in Britain quotas for woman is only 12%. In EU the Quotas contains only 9.7%, In India and China 5%. In this underrepresentation of quotas for women many countries make compulsory quotas for women on Boards. Question no: 1 Given that women participate in the labor force in roughly the same proportion as men, why do you think women occupy so few seats on boards of directors? Women are well established in professions like...
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...CONFIDENTIAL – INDICATIVE TERMS ABACUS 2007-AC1 $2 Billion Synthetic CDO Referencing a static RMBS Portfolio Selected by ACA Management, LLC February 26, 2007 The information contained herein is indicative only and the actual terms of any transaction will be set forth in the definitive Offering Circular. Capitalized terms but not defined herein shall have the meanings set forth in the definitive Offering Circular. Table of Contents Disclaimer and Risk Factors Exhibit I. Transaction Overview II. Portfolio Selection Agent Overview III. Structure Overview Appendix A. Initial Reference Portfolio B. Selected ACA Biographies C. Goldman Sachs Contact Information 1 Disclaimer The information contained herein is confidential information regarding securities that may in the future be offered by ABACUS 2007-AC1, Ltd. (the “Issuer”). The information is being delivered to a limited number of sophisticated prospective institutional investors in order to assist them in determining whether they have an interest in the type of securities described herein and is solely for their internal use. By accepting this information, the recipient agrees that it will use and it will cause its directors, partners, officers, employees and representatives to use the information only to evaluate its potential interest in the securities described herein and for no other purpose and will not divulge any such information to any other party. Any reproduction...
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...Starbucks Coffee Company – February 2007 [i] A case originally written for JUAS2006 Seminar, November 2006, Pittsburgh, PA Latest major revision – July, 2008; minor revision in January, June & Dec 2010 Written by Robert S. Atkin © 2006-2013 Robert S. Atkin General Background Starbucks is a phenomenon – in just under three decades it has become an internationally visible brand literally defining an industry not only in the US, but in selected countries in the EU, the Middle East and Asia (Please see Exhibit 1. For additional information, please see the firm’s website or its SEC financial 10-K filings). For example, in the decade ending 2005, worldwide revenue increased about 15-fold to nearly 6.9B USD, while net income increased about 19 times to 494M USD. Most of this growth can be attributed to a dramatic increase in stores (both domestic and international), various product development and product mix changes (including improved food and music production [ii]), and price increases (two in US company-owned stores in the past year averaging 5 and 9 cents/drink in October 2006 and July 2007). A Starbucks affinity card was a significant growth driver in the past few years, but is not expected to be a major driver in the next few years. [iii] Begun as a local coffee shop in 1971, the company grew modestly in the Seattle area until the mid-1980’s when Howard Schultz joined the firm. Convinced by a trip to Italy in 1983 that coffee could become the center of a social...
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...Careers in Investment Banking WetFeet Insider Guide 2005 Edition The WetFeet Research Methodology You hold in your hands a copy of the best-quality research available for job seekers. We have designed this Insider Guide to save you time doing your job research and to provide highly accurate information written precisely for the needs of the job-seeking public. (We also hope that you’ll enjoy reading it, because, believe it or not, the job search doesn’t have to be a pain in the neck.) Each WetFeet Insider Guide represents hundreds of hours of careful research and writing. We start with a review of the public information available. (Our writers are also experts in reading between the lines.) We augment this information with dozens of in-depth interviews of people who actually work for each company or industry we cover. And, although we keep the identity of the rank-and-file employees anonymous to encourage candor, we also interview the company’s recruiting staff extensively, to make sure that we give you, the reader, accurate information about recruiting, process, compensation, hiring targets, and so on. (WetFeet retains all editorial control of the product.) We also regularly survey our members and customers to learn about their experiences in the recruiting process. Finally, each Insider Guide goes through an editorial review and fact-checking process to make sure that the information and writing live up to our exacting standards before it goes out the door. Are we perfect...
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...[pic] Corporation Law BULAW 5915 1/22/2013 Suneel Younis Mughal Ub 300 92 001 1.0 Corporate Governance Corporate Governance practice aim to ensure that the board is accountable to stakeholders, especially shareholders, and that management is accountable to the board (Lipton, Herzberg & Welsh, 2010).It is helpful to an understanding of corporate governance to appreciate that it is concerned with how corporate entities are governed as distinct from the way the businesses within those entities are managed. Governance relates to where the company is going. Management is concerned with getting the company there. This distinction is central is determining the role and function of the board and its relationship with management (Lipton et al., 2003). In the ASX Corporate Governance is described as “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations. It encompasses the mechanisms by which companies, and those in control, are held to account. Corporate governance influence how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised (Lipton et al., 2003). There is no single model of good corporate governance. The eight core principles that the ASX Corporate Governance Council believes underlie good corporate governance. 1. Lay solid foundation for management and oversight-Fundamental to any corporate governance structure...
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...Get the inside scoop on investment banking careers in the Asia Pacific region! Read this extended excerpt of the all-new Vault Career Guide to Investment Banking, Asia Pacific Edition and get the inside story on investment banking careers, including: • An inside look at corporate finance, sales & trading, research and other major functions at investment banks. • An oveview of equity and debt markets in the region • A discussion of industry trends and corporate culture in Asia Pacific • Days in the life of investment bankers in Asia Pacific This PDF is an excerpted version of the full 198-page guide To get the complete guide: • Purchase your own print or e-Book version of the guide. Go to www.Vault.com/Asia. • More than 900 universities and MBA programs worldwide subscribe to the Vault Online Library, providing more than 4.5 million students worldwide with access to Vault's guides and career information. Contact your career center today to ask about access to the Vault Online Career Library. ABOUT VAULT Founded in 1996, Vault is the leading global media company focused on careers. With offices in North America, Europe, India and Asia, Vault provides graduates and young professionals worldwide with insider information on careers and education through its award-winning web sites and career guides. CAR E E RS VAU LT CA R E E R G U I D E TO INVESTMENT BAN KING A S I A P A C I F I C E D I T I O N INVESTMENT BANKING JUNG B. LEE, TOM LOTT and the staff of vault ...
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