Wednesday, October 30, 2019

M4A2- Program Evaluation Method Essay Example | Topics and Well Written Essays - 500 words

M4A2- Program Evaluation Method - Essay Example The company uses web beacons to collect and provide data about users by clicking on banner graphics, then storing the information on remote server. They are efficient to track data across multiple domains (Boehm, 1997). The company uses â€Å"information system† which is a network of software and hardware used to collect create and distribute data. The information system used by organizations to capture, transmit, store and retrieve information for the benefit of controlling the performance of the business, and produce specific products and services for customers (Bolcer, 2009). The company’s goal is to ensure that the target growth is attained at the end of the stipulated period. The company’s mission is to bring data to the masses and making data-driven decision making a reality by building a sustainable data infrastructure and knowing where each team member fits in building an efficient organizational structure. Every serious business contains boundaries that are agreed upon by both parties, that is, stakeholders and the program evaluator. Successful business professionals constantly ask themselves â€Å"what can I do and not do about this problem†? .This is an ethical question which if not addressed by evaluators in their boundaries can lead to practical difficulties and ethical violations that can threaten the project. Stakeholders in the project include current and potential funders, community partners, professional colleagues and consumers. The stakeholders will be interested in hearing about the program to ensure they will use the evaluation results. The questions will arise out of the goals and objectives in the program description, planning and the stated needs of the stakeholders. These evaluation questions will provide the foundation and direction for the evaluation with the stakeholders. In designing questions the convergent

Monday, October 28, 2019

A Response to Historians in Cahoot by Tristram Hunt Essay Example for Free

A Response to Historians in Cahoot by Tristram Hunt Essay Political speeches are of course meticulously designed not to sound like, well, a political speech. Tristam Hunt had seen through the design of President George W. Bush’s inaugural speech in 2005. In Hunt’s article, â€Å"Historians in Cahoot†, he pointed out the heavy use of the term â€Å"history.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   President Bush had repeatedly mentioned historic events that range from the formulation of the declaration of independence to the tragic 911 attacks. Hunt’s article is seemingly arguing that history could be used as a political tool. People are attracted to history. It could be nostalgia, or it could just be that history is always presented in a packaged form—a packaged form in a sense that the past events are already modified and consequently stripped of the other details. Moreover, history is often accused of being biased.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Before the article had actually started, there was a suggestion for reading that suggests that there is a distinction between history as â€Å"inspiration† and history as â€Å"instruction.† Aside from the fact that the suggestion for reading had served its purpose as a guide, it leads the readers to a profound realization about history. There is a hint in Hunt’s article that the Bush administration would pattern its style of governance according to what had already transpired in history—a style of governance which is likely to be leaning to only a small portion of the society.

Saturday, October 26, 2019

Science Versus Faith In Memoriam A. H. H. Essay -- memoriam

The Victorian Age, named for the queen who reigned nearly the entire century, was characterized by incredible scientific progress. Charles Darwin, for example, came forth with his treatise The Origin of Species, which advanced his radical theories of evolution and survival and rocked the pillars of traditional Christian faith in humankind's superiority to the beasts of the earth. Darwin's theories of natural selection and survival of the fittest conflicted with the story of the Creation related in the Bible. Moreover, scientists now had proof that the Earth was much older than had ever been imagined before, making the history of humanity seem like a blink of the universe's eye. The Victorian population could no longer blindly accept that the world had been created in six days after geologists had proven that the world evolved into its current form over millions of years. In addition, a theory called "Higher Criticism" developed which read the Bible not as the infallible word of God, but as a historical text. In the face of these incredible and disturbing discoveries and theories, the faith of many Victorian Christians was profoundly shaken. The Victorian masses no longer had a bedrock of tradition and Biblical scripture to stand upon; it had been dashed to pieces by fossilized rocks and the skulls of apelike men. The poet laureate of the age, Alfred, Lord Tennyson, the voice of the Victorian people, expresses his horror and bewilderment at the implications of these scientific discoveries in "In Memoriam A. H. H." In sections 54, 55, and 56 of this lengthy poem, Tennyson finds his belief in God weakened and his faith foundering in the face of scientific fact. Â   Â   Â   Â  In the face of evolution, geology, and natural selection, ... ...eration of evidence he cannot deny. He is wounded by God's apparent betrayal of humanity and desperate for an answer, but there is none forthcoming. It took years for the wounds inflicted by science on the faithful to heal. Some Victorians chose agnosticism as their new philosophy of God; if someone could prove to them His Existence, then they would believe. Others chose to become atheists. Atheism stated that there was no God, no afterlife, and no divine creator. While neither of these theologies was very popular during the Victorian period, they have continued to exist. The citizens like Tennyson who attempted to reconcile their old faith with their new knowledge had to find ways to blend the two together, to show that it was possible for God to work through Nature to achieve His ends. They had to gather together the dust of Earth, and with it shape a Heaven. Â  

Thursday, October 24, 2019

Marketing Project Guideline Essay

It is essential that all members of the team co-operate and that no member is a ‘passenger’. During the final Tutorial, members of each team will be required to provide the lecturer with confidential ‘peer group evaluations’ on other members of the team. These will be taken into account in awarding the mark for the project to each team member. Students should maintain close communications with other project team members throughout the semester. It is imperative that students collect team member contact details in the first lecture, as the lecturer may not able to provide this information to students. A major problem can occur with project team dynamics if students choose to withdraw from the subject once teams are settled and tasks have been distributed. Students intending to withdraw from the subject must immediately inform their project team members and the tutor/lecturer. The written report must be equivalent in quality to a report a consultant would typically submit to a client. The report must be perfect in terms of spelling, punctuation, grammar, page numbering, referencing, footnoting and appropriate use of appendices. Imperfections will count against marks awarded for the project. The body of the report should contain the group’s major findings and conclusions from their research of the market, the competitors and the company’s capabilities (Situation Analysis), followed by a detailed SWOT Analysis, Evaluation of Alternative Strategies and final recommended Marketing Strategy expressed in detail. It is recognised that research about the target market will largely consist of secondary data gathered from published sources. The mechanism to overcome any information difficulties is to make ‘planning assumptions’, and note in a Market Research brief the market research that will be required to provide the information. The detailed research material supporting the major findings in the Situation Analysis, and any Market Research briefs, should be included in an Appendix to the report. Reports will be assessed on the quality of the research and conclusions drawn, and the understanding of marketing strategy and planning demonstrated in the preparation of the plan. The Marketing Project is essentially the development of a marketing plan for a Chinese company. Project teams will be expected to find and work with a Chinese company to develop this plan. Generally high quality interaction and co-operation between the company and the project team should lead to a higher quality final report. However, students should be aware that many of the contacts in their chosen companies will have very limited time. This means that the project team must demonstrate that their project will add value to the company and that the contact’s expenditure of time with the team will be worthwhile. Interviews with contacts in companies may have to be supplemented with clearly written faxes, letters or e-mails to request further information and clarification. 4. PROJECT DEADLINES This section outlines the key project deadlines and deliverables. The overall Marketing Plan Format is outlined in Section 6. Elements of the Marketing Plan to be completed for the Progress Report are described in more detail in Section 5. The Final Report details are covered in Section 7. Key deadlines for the project are: i) One page Project Proposal to be submitted in class in 2th week for approval by the tutor (ii) Progress Report to be submitted in class in 5th week. (iii) Final Project Report to be submitted in class in 8th week. (i) Project Proposal The Proposal must contain the following: †¢ Company name †¢ Product or Service description †¢ Target market to which product or service will be marketed, and the opportunity for the company as you see it at this early stage †¢ Comp any contacts †¢ Team members, with co-ordinator nominated. Teams should only go ahead with the project after approval. They should immediately notify their tutor if there are any alterations to their proposal once the project is underway. Should there be a change in the company involved, a new Project Proposal must be submitted to the tutor. Undertaking an assignment where the project is not approved will result in failure of this component of the subject. (ii) Progress Report Undertaking a complete Progress Report is a critical factor in producing a successful Final Report. The Progress Report should be of a high standard and must include the following: †¢ Copy of Project Proposal Situation Analysis †¢ SWOT Analysis †¢ Evaluation of Alternative Marketing Strategies †¢ Summary of preferred strategy and preliminary financial outcome †¢ Progress record of contacts and activities †¢ A project planning chart with timeline forecasts for activities to be completed as part of the project. NOTE: The Situation Analysis, SWOT Analysis and Evaluation of Alternative Marketing Strate gies sections of the Progress Report will be included in the Final Report after review and revisions. (iii) Final Report (dueTutorial 8) The Final Report must be of ‘consultant’ quality, at the highest standard in terms of spellchecking, grammar, paging and referencing. As a guide the report should around 25 pages (exclusive of appendices), and should follow the format shown in Section 5. For assessment, students must submit one written copy of the Final Report in class in week 8. Reports must also be submitted electronically, and students should note that these may be subjected to a plagiarism check using plagiarism-detecting software (see Section 6 of the Subject Outline: ‘Statement On Plagiarism’ for an explanation of plagiarism). Situation Analysis i. Business Environment This section is concerned with external environment factors that are likely to impact on your company and its marketing strategy for the product or service selected. You will need to identify and discuss the changes, trends, developments and key uncertainties in the business environment that are likely to affect the comp any. Factors that you should examine in this section include: economic conditions in the target market selected, and likely future trends †¢ social and cultural factors and any changes or trends emerging that could affect your product or service †¢ technological factors and likely innovations that could affect your product or service †¢ political or legal factors affecting, or likely to affect, the company, the industry/product/service, marketing activities or customers †¢ infrastructure eg ports, rail and road network, telecommunications, media and information technology environment etc †¢ demographic trends The above list is not exhaustive. The textbook should be consulted for other areas you should consider. Most of the information required should be able to be obtained by ‘desk’ research (using secondary data sources). It is recognised that in some instances you will be unable to obtain the necessary information (but you should identify where further market research is required). Tables or graphs should be used eg to show key economic indicators, demographic statistics etc. All information sources must be disclosed and referenced in this section. See Section 11 of the Subject Outline for an explanation of plagiarism). This section should NOT be a compilation of every fact that you can find out about the business environment in the market. The objective is identify the key forces and trends likely to impact on your company and the marketing opportunity you have identified. Conclusions must be drawn to show the relevance of the information to the marketing plan. It is from this analysis of the external business environment that the Opportunities and Threats should emerge when subsequently carrying out the SWOT Analysis. ii. Market Analysis In this section you need to demonstrate an understanding of the target country market, and consumer and customer needs in that market. As a guide, you should at least discuss: †¢ †¢ Definition of the market in which you will be competing †¢ †¢ Market size and outlook for the product/service in the target market (ie current size of market [units and values] and likely future trends) †¢ †¢ Market characteristics, including: – distribution channels for the product or service category – prices and pricing practices affecting the category †¢ †¢ Target market behaviour, including: market segmentation (ie how the market is typically segmented) – potential target market segment(s) for the product/service – consumer/customer characteristics (eg demographics, geographic, preferences) – consumer/customer purchasing behaviour. Generally the best final reports will have detailed market analyses and forecast s (either through research or through estimation) and comprehensive sections on market characteristics, trends and target market behaviour. Some market research (especially of customers and distributors) required to complete this section may be difficult to obtain. If this information is not readily available then your team may note that further research may be required, and attach a Market Research brief as an Appendix. iii. Competitor Analysis †¢ The purpose of this section is to develop an understanding of the competitive environment in which the organisation will operate in the foreign market.. †¢ The ideal competitor analysis section should take the accurate market size (in terms of units and values) and further break it down by competitor market shares, with a commentary on each of the key existing and potential competitors. You should attempt to make a profile of each of the major competitors, so as to assess their products, market share and coverage, as well as their strategy. In looking at competitors you should be trying to identify whether their current skills and assets provide them with some sustainable competitive advantage that you will need to try to neutralise, or opportunities on which you may be able to capitalise, in developing your marketing strategy. The competitor analysis should provide a major input to the Strengths and Weaknesses component of the SWOT Analysis (which assesses your company’s assets and skills relative to your competitors). iv. Organisation Assets and Skills Analysis of the company’s skills and assets are vital to the SWOT analysis, marketing plan and development of a SCA (sustainable competitive advantage). You should critically look at the company’s skills and assets and consider how appropriate they are for the target market you plan to enter. The analysis should consider and discuss the following, where relevant: †¢ †¢ technical/production capabilities, production capacity and resources (including research and development capabilities and facilities, especially where continuing technology development is critical to maintain SCA), †¢ †¢ relationships with distributors (including channels typically used and margins) †¢ †¢ existing supplier or key customer relationships †¢ †¢ market shares, profit margins, cost structures for domestic and other existing export country markets †¢ †¢ company profile and financial capability †¢ company business philosophy and culture. The objective is to understand what the firm is good at, and what shortcomings or limitations might require skills or capabilities to be developed in order to enter the target market chosen. This section must include an Organisation Chart. 5. 2 SWOT Analysis You will need to undertake a Strengths and Weaknesse s analysis of the company (in comparison to competitors or its ability to compete), and a separate analysis of Opportunities and Threats in the marketplace. This analysis should be a culmination of the analysis you have undertaken in the Situation, Market, Competitor and Organisation Assets and Skills Sections, and should be drawn from these sections. You should not introduce significant new information or facts in a SWOT analysis that has not been evaluated earlier in the report. New information introduced into the SWOT without explanation will be contradictory or confusing when viewed against your earlier analysis. After you have completed the SWOT analysis, there is a need to come to conclusions about where the firm’s situation lies in the spectrum of . These conclusions must be written up in an ‘Implications of SWOT Analysis’ summary at the end of the SWOT, and should focus on the positive aspects ie the opportunity for the company, or remedial action required to create the opportunity, that arises out of the analysis. 5. 3 Evaluation of Alternative Marketing Strategies This is the section in the Progress Report and Final Report that will clearly demonstrate your team’s knowledge of marketing concepts and ability to apply them in a marketing context. You must complete a brief but effective evaluation of alternative marketing strategies open to the company in the following areas: †¢ †¢ Target market selection, positioning and marketing mix options The Marketing textbook provides a useful guide to this evaluation process. i. Alternative Target Market, Positioning and Marketing Mix Strategies it is necessary to identify several potential market segments (target markets) in the market and consider how they might be serviced with appropriate marketing mix strategies. This does not require a lot of detail, but you must show your team’s understanding of the concepts involved and your ability to think through and express marketing strategy options. You should reduce the options down to a number that would be realistically implementable by your firm. As a guide you should consider at least or two or three alternative target markets (including your preferred option). In examining these alternative strategies, you must: 1. Identify potential target market segments in the market. 2. Outline possible positioning strategies for each of these target markets, and link them to brief alternative marketing mix strategies, covering product, price, distribution and promotion 3. Indicate your preferred strategy, and why. This section should NOT be merely a write-up of the company’s preferred marketing strategy without reference to alternative marketing strategies. ii. Preferred Strategy In about one half to one page (maximum) you should now ‘pull together’ and write up a summary of your recommended marketing strategy (ie target market, positioning and marketing mix) for the market.. A preliminary financial outcome for the preferred strategy MUST also be included here, showing sales, profit margin and market share that you believe might be achievable in the launch year of your strategy, subject to a much more rigorous and detailed analysis that you will provide later in the Final Report under Section 8, Economic Evaluation. This summary will be the ‘springboard’ for writing the detailed Strategy section of your Final Report.

Wednesday, October 23, 2019

Miller, Kant, and Aristotle on fostering relationship between Great grandpa and his grandson Essay

Making moral decisions can be difficult sometimes and it is not easy to reach a certain conclusion. Philosophical decisions are much more complex and take time to evlaute decisions in life. Rather, the reasoning behind a moral decision is much more intricate, requiring a medley of sources to arrive at a decision. Take, for example, a situation in which a father has to decide whether or not to foster a relationship between his three year old son and his son’s dying great grandfather. Is the son having a relationship with his great grandfather worth risking the pain his son would have to endure due to his great grandfather’s death? Or, would the pain be too scarring and ruin the life of such a young mind? To help resolve his dilemma, the father might turn to the philosophical giants: Mill, Kant, and Aristotle. Mill would agree to foster the relationship. However, to arrive at this decision, certain assumptions were made. Mill would advise to foster the relationship if the great grandfather would live a couple more years. Mill’s basis for moral decision making rests on whether the sum of all pleasures outweighs the sum of all pains. Thus, in order for Mill to agree to foster the relationship, it must be stated that the relationship between the great grandfather and the son is a good healthy relationship and that the death does not cause any permanent or enduring psychological damage on neither the son, nor the father, nor the great grandfather. After all, Mill’s theory demands that one take into account the sum of all the pleasures and all the pains. Also, the son might also gain the power to deal with death with this relationship. Mill would then consider good results from this relationship. Therefore, if everyone receives more pleasure from the relationship between the great grandfather and the son than pain (even after death) then Mill would advise to foster the relationship. Kant, on the other hand, discards the notion of consequences. Kant’s advice in this situation is harder to decipher because his theory is based on internalization and motivation. Kant would agree to foster the relationship if the father’s motivation for the relationship is purely the relationship in itself. In other words, it requires that the father be treating the great grandfather as an end rather than as a means. If the father wants to foster the relationship merely because he feels it might result in a larger endowment for his son, then Kant would no longer advice fostering the relationship. Furthermore, Kant might support fostering a relationship if the father’s decision to not foster a relationship was to avoid the pain of death. The inverse is also true. Kant might advice asking the great grandfather (not the three year old son, for he is too young to reason) whether he would like a relationship with his great grandson. Then, the father would be treating him as an end, not as a means. It is also important to take into consideration whether it is a father’s duty to foster a relationship between a great grandfather and his son. Kant’s advice only holds assuming that both the great grandfather and son are generally good and the relationship that would form between them is also good. In summation, Kant’s theory bases itself on internal motivation. As he himself stated, oftentimes, the layers are too difficult to peel to arrive at the true motivation. Aristotle would advise fostering some relationship with the father (this would be the virtuous mean). Aristotle would argue that not fostering a relationship and fostering too much of a relationship would be two extremes. Aristotle advises that one must find a mean in between the two extremes and that is the right relationship. Moreover, Aristotle believes that morality can be learned through observation. Therefore, a three year old child would have much to gain from the experience of an 84 year-old great grandfather. This relationship might help the son reach his human purpose, or excellence. Once again, Aristotle would only advise any relationship if the relationship is good and both the great grandfather and the son enjoy it. Perhaps a better approach to arriving at a decision requires a combination of both Kant’s and Aristotle’s philosophy. The decision continues to run on the assumption, of course, that both the great grandfather and the son are good people and that a good and healthy relationship would thus form. The decision to foster a relationship must first be decided based on the motivation. In other words, a relationship should only be fostered if the father wants a relationship only because of the relationship and not as a means of achieving a greater good. However, fostering too much of a relationship might force unnecessary pains. Thus, a mean of some relationship should be followed. For example, a relationship of one hour on the weekends might be beneficial. For, once a relationship would form, it would not be strong enough to completely devastate any party involved.

Tuesday, October 22, 2019

A critical analysis of the role of arbitrators in international commercial arbitration The WritePass Journal

A critical analysis of the role of arbitrators in international commercial arbitration Abstract A critical analysis of the role of arbitrators in international commercial arbitration Abstract1. Introduction2.Key findings about Arbitration3.From Court Alternatives to Promotion of Co-operation4. The Threefold Nature of the Sources of Duties for Arbitrators5. The Role of Arbitrators as Imposed by Applicable Law or Rules5.1   The Need to Ensure Neutrality, Independence, and Impartiality5.2 The Role of Disclosure of Information5.3 The Role of Effective Dispute Resolution through Valid Award Rendering6. The Role of Conducting Arbitral Proceedings6.1 The Role of Adopting Procedures Suitable for the Specific Case6.2 Ensuring Fairness and Expediency6.3 Maintenance of Confidentiality6.4 Circumstantial Choice of the Language to be Used6.5 Communication of Expert Report6.6 Ensuring ex aequo et bono or as amiable compositeur6.7 The Roles as Imposed by Parties in the Arbitration Agreement6.8 Ethical RolesConclusionReferencesArbico Nigeria Limited v Nigeria Machine Tools Ltd (2002) 15 NWLR 1ATT Corporation v Saudi Cable Co [2000] APP.L.R. 05/15Albert Jan van den Berg, Enforce ment of Arbitral Awards Annulled in Russia: Case Comment on Court of Appeal of Amsterdam April 28, 2009 [(2010) 27(2) Journal of International Arbitration, 179Emmanuel Gaillard, The Meaning of ‘and’ in Article 42(1): The Role of International Law in the ICSID Choice of Law Process [(2003) 18(2) ICSID Review – Foreign Investment Law Journal, p.375]Gabrielle Kaufmann-Kohler, Global Implications of the FAA: the Role of Legislation in International Arbitration (American Arbitration Association Federal Arbitration Act at 80 Anniversary Lecture Series, Dublin, 20 May 2005)Gabrielle Kaufmann-Kohler and Fan Kun, Integrating Mediation into Arbitration: Why It Works in China [(2008) 25(4) Journal of International Arbitration]Jan Paulsson, Arbitration in Three Dimensions, LSE Law [(2010), Society and Economy Working Papers 2/2010, London School of Economics and Political Science, Law Department, published at www.lse.ac.uk/collections/law/wps/wps.htm]Jan Paulsson, Internatio nal Arbitration is Not Arbitration [(2008) Stockholm International Arbitration Review, p. 1]Jan Paulsson, Unlawful Laws and the Authority of International Tribunals (Lalive Lecture, Geneva, 27 May 2009), in 23(2) ICSID Review/FILJ (2008)Karl-Heinz Bà ¶ckstiegel, Past, Present, and Future Perspectives of Arbitration [(2009) 25 Arbitration International, 293]Karl-Heinz Bà ¶ckstiegel, The Role of Arbitration Within Today’s Challenges to the World Community and to International Law [(2006), The Goff Lecture HongKong 2006 in Vol. 22 Arbitration International,   p.165]Michael Hwang, Defining the Indefinable: Practical Problems of Confidentiality in Arbitration [(2009) 26(5), Journal of International Arbitration, pp. 609-645]Related Abstract Arbitration, which creates an internationally enforceable award, has historically been lauded as a confidential, quick and cost effective mechanism for resolving disputes. International commercial arbitration is growing very fast as more businesses seek to settle their commercial disputes out of court in order to save time, money, manpower and sustain healthier business environment. This state of affairs has made the role played by arbitrators in international commercial dispute resolution to be more important than ever before since arbitrators hold the key to the future success and continuity of commercial activities the world over. Arbitration has taken on such prominence in the international context that it has become the first choice for a binding dispute resolution. Over the years these virtues has eroded with the expansion of the number of parties using arbitration and shift in the group serving as arbitrators. With the advent of time arbitration has become costlier as litigati on before courts and even time consuming. Confidentiality associated with awards has eroded due to international conventions and interventions of arbitral institutions. Arbitration awards do not have the same monopoly on streamlined enforcement mechanism.   In the changing scenario what is left to make arbitration preferable to national courts? It is neutrality of forum where the place of dispute resolution does not unfairly benefit parties to the dispute and neutrality of the decision making process that make arbitration preferable to national court. Constructive mechanism for regulating arbitrators conduct and scope to promote the integrity of arbitrations are required. This paper specifically argues that arbitrators in international commercial disputes play a very important role. This line of argument is sustained by way of enumerating and critically analysing some of these roles with a view to contrasting the arbitrator from the judge in a normal court setting. 1. Introduction Dispute resolution in the commercial context continues to be a major challenge facing businesses the world over; and the ability to have alternative ways of resolving them by means other than litigation is a great relief to businesses.[1] With the rather lengthy and costly litigation process involved in seeking legal redress in contemporary commercial disputes, parties to such disputes have invariably chosen to go the private way of resolving their disputes. Furthermore, court processes have been deemed to be not only tedious and time-wasting but also the decisions thence are often disputed by parties for their being alleged partisan. This latter point is especially true of international commercial disputes where decisions taken by the court are largely believed to be biased in favour of the party that hails from the country in which the court is located. And owing to the fact that commercial disputes are a daily occurrence in the world today where globalization has made commercial a ctivities to transcend national borders in a way never before witnessed, the ability to have them resolved amicably and to the satisfaction of both parties is a great milestone in general commercial dispute resolution.[2] Arbitration has come in handy as a favoured choice of an efficient mechanism for resolving international commercial disputes largely because it offers the parties embroiled in a tussle to dispute the opportunity to appoint their own arbitrators and so reduce the likelihood that justice is denied. Arbitration also offers the parties the opportunity to have an expeditious out-of-court settlement; yet the decision made by the arbitrators is legally binding and executable by the courts. Usually, international arbitration will seek to resolve the disputes that arise from the implementation of various international conventions, treaties, and agreements. Since different countries usually have different sets of laws, arbitration helps to overcome the differences that could be brought about by such variation in law as it provides for an amicable resolution of disputes without reference to any one country’s legal system. This helps companies in different court systems to have their disp utes resolved fairly. More importantly, arbitration is faster and cheaper than a court process; and also eliminates chances that a decision taken by foreign courts becomes unenforceable in a given country. A critical and succinct analysis of the role of arbitrators is therefore essential if the process of arbitration in international commercial disputes is to be understood in its entirety. This is partly because arbitrators hold the key to the final outcome of any commercial dispute – meaning that they must not only be fair but also non-partisan. This paper addresses the conception of the proper role of arbitrators, the adjudicatory functions of internal arbitrators; the constructive mechanism for regulating arbitrator conduct and scope to promote integrity of arbitrators.   The importance to enhance the legitimacy of international arbitration is also touched up on. 2.Key findings about Arbitration The importance of arbitration and so of arbitrators in the resolution of international commercial disputes can be better placed into context by considering the views of the public on the matter.[3] That is why in a survey to establish the feasibility of arbitration as a method of resolving international disputes; interesting findings were reached which generally puts the method far ahead of litigation and other legal mechanisms of addressing international commercial disputes. Key among the findings was that about 86% of counsel is in one way or another satisfied with international arbitration; and that most corporations will rather have institutionalized arbitration instead of the ad hoc arbitration. This is largely because close to 86% of awards are known to have been rendered through institutions. A massive 92% of all arbitration disputes are believed to be resolved in a successful manner at some stage along the arbitration process. Furthermore, about 84% of counsel admitted that t he party that failed to prevail in a dispute managed to comply voluntarily in over 76% of cases.[4] As far as recovery by way of settlements is concerned, close to 35% of corporations that were involved in the survey admitted to having recovered at least 76% of the total value of the award they desired.[5] When it comes to efficiency, rapid results – lasting less than a year in at least 57% of cases – were realized through enforcement proceedings. Furthermore, recovery through such enforcement is thought to be high, with about 84% of the corporations surveyed admitting to have recovered over 75% of the total award value.[6] Finally, in cases where corporations experienced enforcement problems, most of them were only circumstantial, stemming from issues such as the lack of traceable assets of the party that did not prevail as opposed to the process of enforcement itself. These findings clearly support the main argument of this paper that arbitration has become a leading and preferred method of commercial dispute resolution particularly on the international arena. By ex tension, therefore, it is important that arbitrators continue to understand the seriousness with which the process is taken and so carry out their duties in a manner that both upholds the dignity of arbitration as a legal process and serves the needs of the antagonists in the dispute.[7] 3.From Court Alternatives to Promotion of Co-operation Prior to considering the actual roles of arbitrators in international commercial disputes, it is critically important to have an understanding of the settings under which the current commercial activities operate or are based.[8] With the increased role that globalisation is playing in world trade and general commercial activities, it has become rather important that commercial activities are secured from the possibility of getting damaged by vested interests. This is in essence indicative of the need for longer, more secure commercial contracts between different players. For instance, the world is now experiencing newfound commercial partnerships between states or corporations that never existed before.[9] In addition, most of the business contracts signed are almost always long-term in order to ensure continuity over a long period of time. For instance, the Russian energy giant Gazprom now insists on long-term gas supply contracts with the EU – contracts extending up to 30 o r 35 years into the future. The aim is to have assurances that the market will be readily available in the future as is today.[10] Therefore, owing to this growing need for long-term commercial contracts between international organizations and other businesses, the mechanisms employed for dispute resolution ought to be capable of not only offering an amicable solution but also ensuring business continuity.[11] Not one business wants to lose business interests just because of a dispute. Since most litigation processes have the likely impact of causing severe damage to commercial contractual partnerships, arbitration has become the most preferred way of resolving commercial disputes on an international scale. But even with arbitration, there have remained concerns about the manner in which an award is rendered.[12] Today, the emphasis has shifted from just rendering an award to settle the dispute to include seeking to preserve the existing relations between the parties to the dispute. This way, future cooperation is assured along with reduced confrontations. Under such circumstances and this context, an arbitrator is expected to play a social-legal role – use the law to resolve the dispute fairly but also ensure that the parties continue to work together in spite of the award rendered.[13] 4. The Threefold Nature of the Sources of Duties for Arbitrators Every party to a dispute has expectations from the arbiter in any commercial dispute. These expectations are largely driven by the need by each party to have a fair and free arbitration process, minimize costs, and earn an award that is not only effective but also binding. To achieve this, therefore, it is upon the arbiter to ensure that the whole process of arbitration is organized and controlled in an efficient manner. The main duties of an arbiter originate from three sources. The first one is the rules and laws that govern the specific arbitration process; the second is the agreement between the parties to the dispute; and the third is the ethical rules. From these three sources, this paper draws on the actual roles of an arbiter and critically analyses each. 5. The Role of Arbitrators as Imposed by Applicable Law or Rules International arbitrators clearly have a more difficult role to play compared to national ones owing to the nature of disputes involved and the parties to those disputes.[14] As a result, there has been a variation between institutional and ad hoc arbitration. Since the international community lacks cross-cutting laws on commercial dispute resolution, not every party that elicits the services of an arbitrator has the laws of arbitration entrenched in its by-laws. Under such circumstances, an ad hoc arbitration has to be followed whereby the rules to be followed have to be set and the other issues like the governing law, the number of arbitrators, and the place where the arbitration will occur have to be resolved prior to the commencement of the arbitration process itself. But whether an ad hoc or institutional arbitration is used, the roles that arbitrators play or are expected to remain more or less the same – and all are very important.[15] But before defining some of these roles, it is worth mentioning here that the changes brought about by a rapidly globalizing world have drastically changed the manner in which arbitration is handled. Today, for instance, arbitration is not just executed by the elderly or more experienced people. Instead, today’s arbitrators are young technocrats who have emerged to serve the ever-rising number of firms seeking international arbitration services. Besides, arbitration has increasingly become an adjudicative process, meaning that it almost lasts just as long as a normal court process. This leaves arbitration with only one key strongpoint – a point that also gives arbitrators their most important role in international commercial dispute resolution. This is that it has the neutrality stemming from the fact that it offers no ‘home court’ advantage and its adjudication process is equally fair. In essence, arbitrators are required to exhibit the highest level of ne utrality and impartiality.[16] 5.1   The Need to Ensure Neutrality, Independence, and Impartiality International arbitrators are selected by the respective parties to a commercial dispute in order to act as their representatives in the matter.[17] These arbitrators are usually served with relevant information regarding the particular dispute by the given parties, arbitration attorneys, after which they have the responsibility of reaching a decision that both parties will abide by. Neutrality in the discharge of one’s duties as an international arbitrator requires that one acts in accordance with the legal requirements of the process of arbitration – in this case in line with the governing law that is agreed upon or that exists.[18] Honouring the expectations of the parties to the dispute is very important in the arbitration process, especially where the stakes involved are very high. The expectations that parties to a dispute have are usually many and, quite unwittingly on their part, they seek to influence the outcome of the arbitration process. Arbitrators must str ive not to bow to any pressure that might be applied by parties or one of them in order to achieve this goal.[19] The main goal of entering into any legal battle between two aggrieved parties is for each to get the arbitral award rendered by the arbitrators.[20] Depending on the nature of the award, different parties will be tempted to influence their representatives on the arbitration tribunal or so that the adjudication process is carried out with favouritism.[21] But this ought not to be the case. It is the duty of the arbitrators to ensure that the adjudication process is fair and neutrality is maintained. In essence, there is no need for any arbitrator to seek to advance the interests of the nominating party – the party that one represents. Instead, it is very important that once one is appointed to arbitrate in any commercial dispute then one must let go of any vested interests and serve the interests of the process. And the process of arbitration seeks to resolve disputes in an amicable and fair manner.[22] Quite often than not, arbitration has been marred with allegations of favou ritism, rendering not only the process itself ineffective but also affecting the legitimacy of international arbitration. Even where institutional arbitration is used, the institution ought to have as arbitrators’ people who are best placed to be neutral, and this is achievable by way of having all people with vested interests in the matter not being appointed to be arbitrators.[23] But the need for neutrality in international mediation is almost paradoxical because of several reasons. First of all, the very essence of arbitration is to have disputing parties legally and fairly resolve their dispute without the need for a court of law.[24] Therefore, each party has the responsibility of working to ensure that the outcome of the arbitration process – the award – is generally acceptable. A prerequisite for acceptability of a decision reached by any arbitrator is evidence that there will be fairness in the process. And this fairness is ensured by having each party appointing a representative to the arbitration tribunal.[25] Otherwise, each party has to consent to a particular agency acting as an arbitrator in the dispute. In the latter case, the agent selected has to prove to be fairly neutral and non-partisan. But the very fact that such an agency has been hired by a certain party means that its ability to remain impartial is compromised. Like arbitr ation attorneys who have the interests of one party at heart, the appointee to an arbitration tribunal almost always seeks to serve the interests of the appointing authority – their client. This drastically limits the ability of the arbitration process to be neutral. Instead, it becomes more like another battle between representatives of the two disputing parties.[26] Without pre-empting anything, many players have taken arbitration to be a rather quasi-legal process, and have almost come to believe that its outcomes can just be contested as one pleases.[27] That is not entirely true; and arbitrators ought to help end this analogy by presiding over arbitration proceedings that are free from controversy and render awards that are binding legally. That arbitration is entrenched in international law means that it is indeed a quasi-legal process in that its outcomes are binding and executable by any court of law yet the process affords the privacy and informality not found in any court of law. But the need for neutrality on the part of the arbitrator is not to be affected in any way by virtue of the process being quasi-legal. In fact neutrality is called for by law – both article 9 and article 10 of the Arbitrations Rules categorically place the role of seeking neutrality on the arbitrator.[28] Further, Section 8 of the Arbitration and Concilia tory Act provides that every arbitrator must strive to be independent and impartial – this includes avoiding engaging in any correspondence or any other form of communication with one party without the knowledge of the other party.[29] This is partly attributed to the norm in legal circles that justice ought to be applied equally and that no one person or individual can be a judge in one’s own cause. Therefore, an arbitrator is bound by law not to favour any party or to be predisposed as regards the question that is under dispute. This is what constitutes impartiality.[30] Independence, on the other hand, is a call to the arbitrator not to have any current or past dependent relationship with one or more of the parties to the dispute.[31] However, this is just as far as the relationship or dependence is deemed to affect or actually affects the freedom of the arbitrator to make a judgment that is free. This point is critical and delicate because any legal judgment must be based on evidence as provided during the proceedings and not from any other source – least of all from the relationship a judge or arbiter has with a party to the case. This is the principle that underlies sound judgment. Any judge must reach a decision based only on evidence implied or expressed by the parties in the dispute. However, any dependence on either party will likely cloud all judgements and so result in a ruling that is at best unfair. 5.2 The Role of Disclosure of Information It is upon the arbitrator in any commercial dispute to ensure that any information that is critical is disclosed to both parties in the dispute. In fact Section 8(1) of the Arbitration and Conciliatory Act requires the arbitrator to disclose every relevant fact that is deemed likely to cause justifiable doubts about the arbitrator’s impartiality and/or independence. Arbitrators must not deliberately conceal information that is relevant to the arbitration proceedings. But disclosure of relevant information or facts is not enough to ensure that the arbitration proceedings are free and fair. Rather, the timing of the disclosure is also very important. In the past, a lot of controversy has arisen from allegations of arbitrators disclosing key information at the wrong time – when the irreparable damage has already been done. The best time to disclose information is at the earliest possible opportunity – preferably before the arbitration proceedings commence. In fact a n arbitrator ought to disclose any important information at the time of one’s interview before one is appointed to take up the role of arbiter. But there has been debate on what exactly is considered relevant information. Some arbitrators have knowingly withheld certain information even when it has been clearly important; and asked later about it they have been quick to point out that they never thought such information was important in the first place. While relevance of information, as required by law, is not clearly defined, it is the duty of the arbiter to judge from the arbitration agreement what might be important and what is not important. The importance extends only to the matter at hand or under deliberation; and it is only the individual concerned that can understand what is likely to cause justifiable doubts on the part of the parties to the dispute. The arbitrator is required to keep revealing any such information even after one’s appointment and all the way through the arbitration proceedings. Once the arbitrator dully carries out this role of disclosure, then neither party is legally capable of contestin g the award on the basis of the disclosure made by the arbiter because every party effectively waives its rights and submits to the arbiter’s jurisdiction once disclosure is made.[37] Lacking proper definition in statute law, disclosure has come to be interpreted based on case law. In the AT T Corporation vs. Saudi Cable Company case, disclosure came to be defined as the real danger there is for bias on the part of the arbitrator.[38] In essence, it is the information that only the arbitrator knows and which, unless disclosed at the right time and in the right manner, has the capacity of making the arbiter to appear as biased or favourably disposed towards one party. It was ruled in the case that disclosure does not mean a reasonable suspicion threshold.[39] In the case, the Chair to the arbitration tribunal had failed to disclose that he was a non-executive member of one of the firms allied to the prevailing party.[40] Although the defendant claimed that the omission of the information, which was supposed to be contained in his CV, was a secretarial error, the plaintiff held that it tantamount to concealment of information because it caused real danger of bias. For the plaintiffs, there was no doubt that such a Chair could discharge his duties fairly and without bias given that he was strongly dependent on one of the parties.[41] However, the court ruled that an inadvertent failure to disclose a given fact that could affect the appointment of the Chair was in itself not sufficient enough to constitute a real danger of bias. Therefore, the court held that the award rendered should be enforced.[42] The basis of the ruling, put more simply, was that the problem was one that could affect the process of appointment of the arbitrator and not the arbitration process itself. Therefore, it was not important what was not disclosed at that time, let alone it having been inadvertently omitted. For the defendants clearly proved that the omission resulted from the Chair’s CV having been printed from a file that did not have the particular information even though a different file stored on a different computer had the Chair’s CV with the said information.[43] Anyone seeking to intentionally conceal a fact cannot have that same fact retained in any other document. Instead, one will have all evidence of the fact cleared as far as possible so that nothing comes to the fore. Therefore, disclosure is so much a role that is executable depending on the arbitrator concerned and not really the parties. For what parties may view as capable of causing real danger of bias might just be re asonable suspicion threshold which is not admissible before court as constituting concealment of information. 5.3 The Role of Effective Dispute Resolution through Valid Award Rendering Every party to a dispute expects to win and get the award. It is the role of the arbitrator to ensure that the rendering of the award is valid, and this is only possible by way of ensuring that the entire process of dispute resolution through arbitration is handled well and resolved effectively. Every arbitration process is only as credible as its outcome; and the rendering of an award is the final yet most important stage in the entire process. For this reason, it is upon the arbitrator to ensure that there are no unnecessary hitches at this all important stage. This might appear to be something rather simple in the eyes of the non-interested, partisan party. However, rendering an award can be the most delicate moment of the arbitration proceedings as it determines not only who wins what award but also whether or not the parties to the dispute are going to work together again or will go separate ways afterwards. It is a time to make that hardest decision without fear of reprisals i n any case the award has to be rendered and as in any dispute one party must win if the other has to lose.Only in exceptional cases does there result a zero sum – there being no winner-take-it-all situation but rather a case of sharing the spoils. So what is the role of the arbitrator in this case? Well, the arbitrator is expected to ensure that all issues that might threaten the validity of the award to be rendered are considered. It is the arbitrator’s role to ensure that the decisions are made not based on matters that are beyond the scope of the submissions made to the arbitration but on those that are within the scope.[47] No party will want a decision on a matter that is not in dispute or contention –that will only serve to curtail the process of arbitration. Furthermore, the conduct of the reference ought not to be afflicted with any form of misconduct – actual or technical – as this would serve as legal basis for the setting aside of any award rendered as this is in contravention of both Section 29 (2) and Section 30 of the Arbitration and Conciliatory Act. The challenge here is that the Arbitration and Conciliatory Act does not contain any clause on the definition of the concept of miscondu ct. Therefore, just like the concept of disclosure, its scope has been determined largely on the basis of case law. Over a time, there has been attempts at drawing up a list of what is deemed to constitute misconduct as it is applicable in the context of arbitration as has been held in past cases; and the list covers a wide array of issues. The first one is where the arbitrator does not comply with the terms of the arbitration agreement. This is regardless of whether it is expressed or implied. This effectively means that it is the role of the arbitrator to ensure that there is full compliance with both the expressed and implied terms of the arbitration agreement. The second case is where an award is made by the arbitrator but on public policy grounds that award ought not to be enforced. Third, there are cases where the arbitrator acts beyond the authority that is conferred by the arbitration agreement, in which case a mistake is made. Since the agreement is like the compass that offers directions all through the arbitration process, the terms therein must be adhered to fully by the arbitrator.Mis conduct is also deemed to have been exhibited where the arbitrator is corrupted or receives a bribe; where all matters referred to the arbitrator are not decided; where the award rendered is either ambiguous or inconsistent; and where the rules of natural justice have been breached or violated. Natural justice violation was the basis for misconduct claims in the Arbico Nigeria Limited v Nigeria Machine Tools Ltd case. Corruption is a means of perverting justice, and bribes always bring about favouritism because they are intended just for that purpose. Both are contrary to the spirit of fairness, impartiality, and neutrality.Misconduct is also evident in cases where an error of law which is apparent of the award face is made by the arbitrator but only in case where the point of the law that was decided erroneously could not be specifically referred for the arbitrator to make a decision on. This was demonstrated in the case of Taylor Woodrow Nigeria Ltd v Etina Werk GMBH.   Finally, misconduct can be cited where evidence that touches on the root of the question that is submitted to the arbitrator is wrongfully admitted and subsequently acted upon by that arbitrator as in the KSUDB v Fanz Construction Company Limited and the Compt. Comm. Ind. Ltd v OGSWC cases.This, however, excludes cases where the arbitrator judicially and honestly decides on what is admissible. In this exceptional case, any aw ard rendered based on such a decision cannot be set aside on the basis of misconduct. Based on these, the arbitrator is tasked with ensuring that the arbitration process remains free and fair at all times; and that what is decided upon is based on the terms of agreement implied and expressed. This ensures that the award rendered at the end stands little or no chance of being challenged in a court of law. By acting in a manner that openly demonstrates that their authority has been exceeded, arbitrators are effectively setting the stage for possible legal challenges to the final award.This is because any aggrieved party might easily prove that the award has dealt with a dispute which does not fall within the terms of the submissions made to the arbitrators in question. Therefore, it is important that the arbitrator focuses on matters that are within one’s jurisdiction as only then will it be difficult for the award to be contested. In any event where an aggrieved party seeks to set aside the award, only that part of the award that has decisions on matters that were not submitted can be set aside. It is therefore critical that the arbitrator clearly draws a distinction between those issues that fall within one’s jurisdiction and those that are not submitted. Such issues of setting aside part of the award because of the arbitrator failing to act within the jurisdiction were witnessed in the Bellview Airlines Limited v. Aluminium City Limited case. There is an interesting twist to the role of arbitrators as effective dispute resolvers by way of rendering valid awards. This is because there is a very big difference, albeit not clearly evident to the lay person, between the validity of an arbitral award and enforceability of the arbitral award. This distinction has been a cause of ripples across many nations as what is valid as an arbitral award may not necessarily be enforceable in every nation of the world. Therefore, it is upon the arbitrators to ensure that they do not overstep their mandate. Therefore, this is an appropriate opportunity to mention that arbitrators have the role of ensuring that an award rendered is valid. However, it is not their role to enforce that award. This is largely because the conditions that call for the enforcement of an award differ from one country to another, meaning that an arbitral award that is valid and enforceable in one country might be unenforceable in another country owing to differences in legal jurisdictions. But even if this is so, the arbitrator has to ensure the validity of the award without caring whether it will be enforced in the required country or not. In fact the arbitrator ought not to care where the award will be enforced and how that will be done. Instead, arbiters have the duty to validate the award and leave the enforcing to the country required. 6. The Role of Conducting Arbitral Proceedings International commercial disputes can take on very different forms – some of which require a lot of patience and tolerance on the part of arbitrators. Furthermore, commercial disputes usually have a lot at stake and any wrong decision made by the arbitrator might prove to be very costly to the non-prevailing party. Besides, the fact that these are cross-cultural deliberations carried out in a private setting means that they have to be conducted in the most open, fair, and free manner in order to be legitimate. Like the umpire who plays a neutral role but presides over hotly contested matches, the arbiter has the role of conducting the arbitral proceedings in such a way that they are concluded without any misgivings on the part of the antagonists. To do this effectively, the arbitrator must be both physically and mentally fit. In fact the Arbitration and Conciliation Act’s (1988) Section 10 (1) (b) expressly provides for the removal of any arbiter that lacks the capabili ty to conduct the arbitral proceedings due to such factors as mental and physical impairment. This removal can occur during the appointment process or even during the arbitral proceedings as long as it is proven that the arbiter can no longer be relied upon to carry out one’s tasks in relation to the reference. Apart from being required to be physically and mentally capable, the arbitrator has the role of ensuring that the arbitral proceedings are expedited so as to reduce the costs associated with arbitration procedures that drag on for too long. In fact, as earlier mentioned, one of the main reasons why arbitration has become one of the leading methods for the resolution of commercial disputes especially on the international level is because litigation seems to drag on forever, increasing the losses that parties incur partly by way of lost business revenue and time; and partly through high legal fees.   Therefore, the faster the process is undertaken the better for the parties involved. This role of arbitrators, however, is not without its own flaws. There are many issues that need to be addressed before this role can be performed effectively. For instance, it is difficult to judge a person’s state of health – both mental and physical – based on medical records available. Many people who outwardly appear sound might not really be capable to deal with commercial disputes of international magnitude. Even the sanest person can easily become incapable of conducting arbitrary proceedings because of the complexity of their nature and the many expectations placed on one. As such, the role of conducting arbitral proceedings ought to include counsels who can step in where they believe the process is not being undertaken in the right way. Counsels have been given limited powers; and in fact it is not mandatory for parties to have them unless they opt to. In the coming days, it ought to be a requirement for all parties to appoint counsels who can ensure th at the process of arbitration remains on course at all times. 6.1 The Role of Adopting Procedures Suitable for the Specific Case Specificity is a concept that is highly regarded in international commercial arbitration. Since arbitration is largely viewed as a method that seeks to bring justice to aggrieved parties in a just and ethical manner, it has been common practice for parties to want to have each case treated differently and approached from a perspective that is only unique to the particular dispute.As an arbiter, one is expected to ensure that this is actually done – that the specific case is treated differently from any other that the same or different arbiter might have participated in. The arbiter is required to conduct the reference skilfully and with reasonable diligence by adopting procedures which have been tailored to that particular dispute. This is a very important role because duplication of decisions as is common with litigation processes can be very disastrous if applied to arbitration. Powers which arbitrators have in determining how to conduct the reference is only an emphasis of the need for treating every dispute uniquely.[68] This power is determined by the ability of the arbiter to act subject to the agreement reached and signed by parties to the dispute and the legal provisions on the matter. That is why it is a provision of the Arbitration and Conciliatory Act’s First Schedule (Article 15(1)) that an arbitral tribunal can conduct the arbitration in the way it deems appropriate as long as each party is treated equally, including being given a fair chance to present its case to the tribunal. Again, it is important for every arbiter to understand that different disputes call for different approaches to their resolution. Therefore, it is the arbitrator’s role to ensure that this is done. 6.2 Ensuring Fairness and Expediency Speed is of the essence in the process of resolving any commercial dispute – international or national. Delays, as earlier mentioned, have the impact of causing many losses in terms of time, revenue, business, and even manpower and capital. While delays might not be avoidable under certain circumstances, undue delays are unnecessary and discredit the arbitration process and the arbiter overseeing it. Sometimes there is a lot of work that an arbiter has to do during the process of the arbitration. In such circumstances, it is the role of the arbitrator to inform the parties in advance of the workload so that they have prior information. This way, they can decide whether or not to appoint such an arbiter. Otherwise, the arbitrator understands clearly that some existing workload will hamper one’s ability to carry out one’s duties expeditiously ought to disqualify oneself from the work if already appointed, or reject it if one is proposed for appointment as arbitrato r. Closely related to speed is fairness in making decisions. Arbitrators must not only speed up the arbitration process but also do it fairly so that the award stands little chance of being contested by the non-prevailing party. According to Section 14 (Cap. A.18) of the Arbitration and Conciliation Act, every party ought to be given a fair chance to present its case to the arbitration tribunal. This legislation is based on Article 15(1) of the UNCITRAL (United Nations Commission on International Trade Law) Arbitration Rules and Article 18 of the Model Law. They provide that all parties ought to be treated equally and offered the full chance to present their submissions. But fairness can also be and has actually been interpreted differently by different courts in different jurisdictions. The most inclusive meaning of fairness can be traced from the Court of Appeal’s ruling in the cases of Umar v. Onwudiwe and African Assurance Corp. v. Aim Consultant Ltd where fairness in the con text of arbitration process was held to mean two issues. The first is where the arbitrator hears both sides and then considers all the issues that pertain to the case before making a decision; and the second is having the arbitrator according equal opportunity, treatment and consideration to all the parties. The audi alteram partem principle ought to be the guideline for the arbitrator in matters of fairness as it calls on one to hear both sides before making a ruling. This principle ought to be observed by all people who have quasi-judicial as well as judicial functions as is the case of arbiters in commercial disputes at the international level. Fairness is a role that is quite important as it also adds to the legitimacy of the arbitral proceedings. Arbitrators can best ensure fairness by giving every party not just enough and reasonable time to present their submissions but also to respond to the case by the other party. Finally, fairness might also include ensuring that the arbitration fees charged is commensurate with the specific case, taking into account aspects like complexity of the case and the time taken by the parties. 6.3 Maintenance of Confidentiality Arbitration proceedings are only quasi-judicial and they have to enjoy the privilege of not being so public. In fact so keen on confidentiality are commercial firms embroiled in disputes that they desire to maintain their reputation and as much as possible keep their business. Confidentiality is also important as it helps protect the arbitrators themselves from possible kickbacks from the non-prevailing parties and the criticism by international media. Without arbitrators, such a noble role would not be executable, meaning that arbitrators play a most important role in ensuring that confidentiality of the arbitral proceedings is maintained at all times during and even after those proceedings. More importantly, the need for confidentiality is enshrined in the Arbitration Rules’ Article 25(4), requiring that arbitration proceedings be held in camera except in cases where the parties agree to go public. Furthermore, the arbitration agreement always implies that the arbitration proceedings ought to be confidential and private. In discharging one’s duty of preserving privacy and confidentiality of the proceedings, the arbiter strives not to communicate any information, particularly details of names and locations, without the permission – express or implied – of the parties. But common practice has arbitrators treating almost all aspects of the arbitration to be private and so keeping them confidential. However, the most important facts kept secret are the award and the records of the arbitration proceedings. 6.4 Circumstantial Choice of the Language to be Used International commercial disputes can be tricky and difficult to handle especially where the parties do not share a common language. Quite often than not, the parties usually are drawn from very different countries where either several languages are spoken or only one language is used. Once again it is the arbitrator who will have to resolve this problem by considering the relevant circumstances before and when settling on the language for use at the arbitral proceedings. It is upon the arbitrator to consider both parties and the prevailing circumstances before deciding on the language for the arbitral proceedings powers conferred to one by the Arbitration and Conciliatory Act’s Section 18(1).Sometimes, the language to be used can generate a lot of controversy; and the arbitrator has the power to overrule the parties and, based on the circumstances, decide on a language that is to be used even if neither party wants it used. 6.5 Communication of Expert Report Any report which is or might be the basis for the ruling to be made by the arbitrator has to be communicated to the parties, and it is the work of the arbiter to do this. The right to do this is provided for in Section 20(4) of the Arbitration and Conciliatory Act. The importance of this role lies in the truth that parties to a dispute often wish to understand how an award came to be rendered, including the basis for the ruling made. By communicating such a report, the arbiter not only reduces the possibility of contesting the award but also upholds the credibility of the arbitral process. Evidentiary documents and/or expert reports are also very necessary on account of their being the only mechanisms through which parties can reasonably get the opportunity to comment on advice, opinion, and any other information by legal advisors and other experts. Ultimately, arbitrators – by playing this role – set the stage for a fair and equal treatment of every party. These are ve ry important requirements for any credible arbitral proceedings. 6.6 Ensuring ex aequo et bono or as amiable compositeur Both Sections 22(3) and 47(4) of the Arbitration and Conciliatory Act prohibit the arbitration tribunal from deciding ex aequo et bono or as amiable compositeur unless there is prior authority from the parties. In essence, there ought not to be any waiving of the legal, strict rules of interpretation by the arbitral tribunal except when the parties authorise otherwise. This role, also enforceable by arbitrators, is important as it discourages use of extra legal arbitration, minimizing arbitrariness in dispute resolution. As noted in the Orion Espanola De Seguros vs. Belfort Maatshappy Voor Algemene Verzeekgringeen case, only a recognizable and fixed law system ought to be applied. 6.7 The Roles as Imposed by Parties in the Arbitration Agreement Arbitration agreements might be drafted prior to a dispute or when a dispute is already at hand. This means that there is really no specified time for drafting an arbitration agreement – it all depends on the parties involved. Ad hoc arbitrations proceedings are designed to suit a specific dispute, and parties generally tend to prefer it. However, institutionalized arbitration agreements are designed before any dispute emerges and are entered as compulsory arbitration clauses in the laws of firms. Under such cases, the parties to a dispute are expected to adhere to the provisions in the arbitration clause. However, these disputing parties might require specific agreements to be added or removed to the agreement, meaning that arbitrators must be careful to follow what is required by the parties. It means an arbitrator will have to perform duties imposed by the parties to a dispute and all this is very important if the award is going to be acceptable to all parties. Sometimes, parties to a dispute might impose duties on an arbitrator even before the arbitrator is appointed, in which case the arbitrator must have to carefully review the roles one is expected to play before committing oneself to act in that capacity. Quite often than not, organizations that have an arbitration clause in their bylaws usually predetermine the roles that an arbitrator has to play. They duly require, in the event of a dispute, that the arbitrator abides by the provisions in the arbitration agreement. On the other hand, the parties embroiled in a commercial dispute might require that arbitrators adhere to certain rules formulated after the arbitrator has been appointed. In such circumstances, the arbitrator is expected to be part of the agreement setting process so that any role expectations that one finds hard to perform is discussed further; and if one still finds it impossible to perform that role then one must disqualify oneself from being an arbitrator. For instan ce, parties might require that the Chair of an arbitration tribunal must not be in any way a holder of any position in either of the disputing firms. In essence, the Chair must be neutral. So, any arbitrator appointed as Chair of an arbitration tribunal must ensure that that neutrality is maintained at all times during the process of arbitration. Otherwise – in case there are vested interests – one must not Chair such a tribunal. As is clearly implied in the case of ATT Corporation v Saudi Cable Co, the arbitration tribunal’s Chair is a very important personality. In this particularly case, the award issued was contested by the non-prevailing party because the Chair of the arbitration tribunal was allegedly associated with the prevailing side. In essence, the non-prevailing side felt that by having a Chair that had vested interest in the dispute effectively eroded the very principle of neutrality by which all arbitrators ought to abide.Therefore, arbitrators are bound by duty to follow every provision in the agreement or else they must choose to abstain. Having said that, it is very important, even courteous, for parties to have the arbitrator informed about any new roles which they want the arbitrator to undertake. Lack of information or misinformation might work against both parties if not one of them and so compromise the outcome of the arbitration. But more importantly, every arbitrator appointed must prove one’s capability and openly disclose it before agreeing to take up on the role. Arbitration processes are high-stake processes and failure on the part of an arbitrator will go a long way in affecting international commercial activities.For instance, an arbitrator must not seek or even attempt to conceal any information that might be important to the parties. Any concealment of important information erodes the trust that parties have in the process and so in its outcome. 6.8 Ethical Roles Being a quasi-legal process, arbitration requires that ethics be maintained at all times. Arbitrators have to ensure that this happens because moral and ethical issues are very important. In fact some arbitrators, especially the institutionalized ones, have designed their own code of ethics to ensure that parties are treated ethically and morally. This is a very important role because without ethics being incorporated in such heated disputes there would be the risk of disagreements and endless legal battles. Conclusion Arbitration plays a very important role in international dispute resolution. This is largely because commercial disputes have tended to be better resolved in a quasi-legal manner as opposed to strictly legal processes that are not only costly but also time-consuming. The role that arbitrators play in international commercial disputes has increasingly become important in the recent times. While each dispute is unique in its own way, arbitrators have had to grapple with certain issues that keep recurring, giving them roles that are rather standardized. In arguing that arbitrators play a very important role in international commercial disputes, this paper attempts to bring out the roles that arbitrators play, roles that have made arbitration what it is now – not only a cheap, faster, and confidential alternative to litigation but also a real effective means of resolving commercial disputes and enhancing cooperation between the parties so that there is continuity of their business relationship. These important roles played by arbitrators have their origins in three main areas: the role of arbitrators as imposed by applicable law or rules; the roles as imposed by parties in the arbitration agreement; and ethical roles. These roles include ensuring neutrality, independence, and impartiality; disclosure of information; effective dispute resolution through valid award rendering; conducting arbitral proceedings; adopting procedures suitable for the specific case; and ensuring fairness and expediency. Others are maintenance of confidentiality; circumstantial choice of the language to be used; communication of expert report; ensuring ex aequo et bono or as amiable compositeur; and upholding ethics during the arbitration process. All these are very important and suffice to underscore the significant role that arbitrators play in internal commercial dispute resolution. Over the years the role of arbitrators has evolved as the number of commercial disputes continued to increase and the assembly of arbitrators continued to swell. International arbitrators have metamorphosed in to a group who are experts in arbitration procedure and theory. The service they render has to be professionalized. They are the patrons of a system that is indispensable for the growth of international trade. Stipulating the role of arbitrators will promote legitimacy of the system critically impacting the global economy. It is more desirable that parties, arbitrators and professional organisations should clearly give expression to what sort of conduct is expected of international arbitrators and endow with incentives to avoid inapt behaviour. This way it will be possible to promote the ultimate objective of promoting justice, integrity of dispute resolution mechanism with critical international application. Word count: References Books A Redfern and M Hunter, Law and Practice of International Commercial Arbitration (4th Edition 2004) Beccio Silvia, The Role of Arbitration in International Commercial Trade: A Socio-Legal Analysis [Jul 25 2007] Paper presented at the annual meeting of the The Law and Society Association, TBA, Berlin, Germany Christian Buhring-Uhle and Gabriele Lars Kirchhof, Arbitration and Mediation in International Business (2nd Edition 2006) Gary Born, International Commercial Arbitration (2009 Kluwer) Julian Lew, Loukas Mistelis and Stefan Kroell, Comparative International Commercial Arbitration, (2003) R David, Arbitration in international trade (1985) The Permanent Court of Arbitration,   International Alternative Dispute Resolution: Past, Present and Future (2000) Tibor Varady, John J. Barcelo, and Arthur Taylor Von Mehren, International Commercial Arbitration (3rd Edition 2006) Yves Dezalay and Bryant G. Garth, Dealing in Virtue: International Commercial Arbitration and the Construction of a Transnational Legal Order (1998) Cases African Assurance Corp. v. Aim Consultant Ltd. (2004) 12 CLRN Arbico Nigeria Limited v Nigeria Machine Tools Ltd (2002) 15 NWLR 1 ATT Corporation v Saudi Cable Co [2000] APP.L.R. 05/15 Beccio Silvia, The Role of Arbitration in International Commercial Trade: A Socio-Legal Analysis [Jul 25 2007] Paper presented at the annual meeting of the The Law and Society Association, TBA, Berlin, Germany Bellview Airlines Limited v. Aluminium City Limited (2005) 7 CLRN KSUDB v Fanz Construction Company Limited (1990) 4 NWLR 1 Compt. Comm. Ind. Ltd v OGSWC (2002) 9 NWLR 629 Orion Espanola De Seguros vs. Belfort Maatshappy Voor Algemene Verzeekgringeen [1962] 2 Taylor Woodrow Nigeria Ltd v Etina Werk GMBH (1993) 4 NWLR 127 Umar v. Onwudiwe [2002] 10 NWLR Pt. 774 Articles Albert Jan van den Berg, Enforcement of Arbitral Awards Annulled in Russia: Case Comment on Court of Appeal of Amsterdam April 28, 2009 [(2010) 27(2) Journal of International Arbitration, 179 Emmanuel Gaillard, The Meaning of ‘and’ in Article 42(1): The Role of International Law in the ICSID Choice of Law Process [(2003) 18(2) ICSID Review – Foreign Investment Law Journal, p.375] Gabrielle Kaufmann-Kohler, Global Implications of the FAA: the Role of Legislation in International Arbitration (American Arbitration Association Federal Arbitration Act at 80 Anniversary Lecture Series, Dublin, 20 May 2005) Gabrielle Kaufmann-Kohler and Fan Kun, Integrating Mediation into Arbitration: Why It Works in China [(2008) 25(4) Journal of International Arbitration] Jan Paulsson, Arbitration in Three Dimensions, LSE Law [(2010), Society and Economy Working Papers 2/2010, London School of Economics and Political Science, Law Department, published at www.lse.ac.uk/collections/law/wps/wps.htm] Jan Paulsson, International Arbitration is Not Arbitration [(2008) Stockholm International Arbitration Review, p. 1] Jan Paulsson, Unlawful Laws and the Authority of International Tribunals (Lalive Lecture, Geneva, 27 May 2009), in 23(2) ICSID Review/FILJ (2008) Karl-Heinz Bà ¶ckstiegel, Past, Present, and Future Perspectives of Arbitration [(2009) 25 Arbitration International, 293] Karl-Heinz Bà ¶ckstiegel, The Role of Arbitration Within Today’s Challenges to the World Community and to International Law [(2006), The Goff Lecture HongKong 2006 in Vol. 22 Arbitration International,   p.165] Michael Hwang, Defining the Indefinable: Practical Problems of Confidentiality in Arbitration [(2009) 26(5), Journal of International Arbitration, pp. 609-645] Michael Hwang, Survey of South East Asian Nations on the Application of the New York Convention [(2008) 25(6), Journal of International Arbitration, ,pp 873-892] Nael G. Bunni, The Arbitration Act 2010 [Novemeber 2010, 76(4), International Journal of Arbitration, Mediation and Dispute Management of the Chartered Institute of Arbitrators] Piero Bernardini, The Role of the International Arbitrator [(2004) 20 (2) Arbitration International, p. 113] William W. Park, Arbitrators and Accuracy [(2010) 1(1), Journal of International Dispute Settlement, 25] William W. Park, Treaty Obligations and National Law: Emerging Conflicts in International Arbitration [(2006) 58 Hastings Law Review 251] Yves Fortier, Arbitrating in the Age of Investment Treaty Disputes†, [(2008) 31 (1), The University of Southern Wales Law Journal] Susan D. Franck, The Role of International Arbitrators, [(2006) ILSA Journal of International and Comparative aw Spring].

Monday, October 21, 2019

To Be With You Essays - Gender-neutral Language, Free Essays

To Be With You Essays - Gender-neutral Language, Free Essays To Be With You To be with you. When there are hundred people that admires you, I may be one of them. When there are two people that likes you, I may be one of them. When there is one person that loves you, I may be that person. When there is no one that loves you, Then I may not be in this world to be with you

Sunday, October 20, 2019

The Triangle Shirtwaist Factory Fire

The Triangle Shirtwaist Factory Fire At the Triangle Shirtwaist Factory in Manhattan, somewhere around 4:30 p.m. on Saturday, March 25, 1911, a fire began on the eighth floor. What started the fire has never been determined, but theories include that a cigarette butt was thrown into one of the scrap bins or there was a spark from a machine or faulty electrical wiring. Most on the eighth floor of the factory building escaped, and a phone call to the tenth floor led to most of those workers evacuating. Some made it to the roof of the next door building, where they were later rescued. The workers on the ninth floor with only a single unlocked exit door did not receive notice, and only realized something was wrong when they saw the smoke and flames that had spread. By that time, the only accessible stairwell was filled with smoke. The elevators stopped working. The fire department arrived quickly but their ladders did not reach to the ninth floor to allow escape by those trapped. The hoses didnt reach adequately to put out the flames quickly enough to save those trapped on the ninth floor. Workers sought escape by hiding in dressing rooms or the bathroom, where they were overcome with smoke or flame and died there. Some tried to open the locked door, and died there of suffocation or the flames. Others went to the windows, and some 60 of them chose to jump from the ninth floor rather than die from the fire and smoke. The fire escape was not strong enough for the weight of those on it. It twisted and collapsed; 24 died falling from it, and it was not of use to any others trying to escape. Thousands of spectators gathered in the park and streets, watching the fire and then the horror of those jumping. The fire department had the flames under control by 5 p.m., but when firefighters entered the floors to continue to bring the smouldering fire under control, they found charred machines, intense heat and bodies. By 5:15, they had the fire completely under control and 146 had died or suffered injuries from which theyd die shortly. Triangle Shirtwaist Factory Fire: Index of Articles Quick Overview of the Triangle Shirtwaist Factory Fire1911 - Conditions at the Triangle Shirtwaist FactoryThe 1909 Uprising of the Twenty Thousand  and the 1910 Cloakmakers Strike: background​After the Fire: identifying victims, news coverage, relief efforts, memorial and funeral march, investigations, trialFrances Perkins and the Triangle Shirtwaist Factory Fire Related: Josephine GoldmarkILGWUWomen’s Trade Union League (WTUL)

Saturday, October 19, 2019

Investment and Financial Planning Essay Example | Topics and Well Written Essays - 1000 words

Investment and Financial Planning - Essay Example Probably the most important data to a growth investor is the company's earnings per share. Earnings are bottom-line profits the company earns, after all expenses and taxes. When earnings are divided by the number of shares, you get earnings per share. Microsoft stocks was first sold to the public in 1985, and in that year it had just a penny of earnings per share. But by 1989, earnings had increased four times, to four cents a share. From then on, Microsoft earnings went on a steady climb, reaching $1.71 per share in 2000. What happened then A recession combined with a technology sector collapse caused the era of straight-up growth to end. Is Microsoft still considered a growth stock Yes, by most it is. The stock market still values Microsoft based on an expectation that growth will resume, although not at the pace of the company's early years. Most growth companies pay little or no dividends. Until recently, Microsoft paid none. So, earnings measure the money the company can reinvest back into its own growth. Earnings per share are reported quarterly, and they are the best measure of success for growth investors. A steady pattern of quarter-to-quarter earnings growth should create strong upward movement in share prices over time. But the opposite is also true. When a growth company slows its earnings growth rate, the share price can take a big tumble because investors lose faith in future growth. Growth stocks tend to be more volatile than the market as a whole, because they are in high demand when earnings keep growing and can fall out of favor when earnings falter. The sectors that are most widely followed by growth investors include technology, pharmaceutical and retailing. Value Investing Value investing is the other side of the stock market coin. Value investors believe almost the opposite of growth investors. Instead of looking for growing companies that are the stock market's darlings, they look for out-of-favor companies selling at attractive values. These values are most often defined by below average price/earnings ratio and below average price/book ratio. The slide shows both types of data for Eastman Kodak, a company that is widely known and followed. But for various reasons, Eastman Kodak has fallen out of favor with investors. Why do you think that might be so (VOLUNTEERS) Price/earnings ratio is calculated by dividing the current

APPLEBY CORPORATE SOCIAL RESPONSIBILITY Essay Example | Topics and Well Written Essays - 8500 words

APPLEBY CORPORATE SOCIAL RESPONSIBILITY - Essay Example t of procedures to answer the question; gathers the necessary evidence; comes out with new findings that were not determined in advance; and, obtains specific findings that are applicable to the parameters of the study. Qualitative research is very efficient and very focused in the objective of obtaining culturally specific information about the values, opinions, behaviors, and social contexts of particular populations. The main advantage of qualitative research is its ability to provide complex textual descriptions of how people experience a given research issue. It provides information about the â€Å"human†side of an issue encompassing potential wide gamut of coverage- beliefs, perspectives, opinions, reflections, and social capital. Qualitative methods are also important in pinpointing and analyzing intangible factors, such as practices, traditions, social status, social capital, social norms, socioeconomic status, gender roles, ethnicity, and religion, whose role in the research process is crucial and essential. Qualitative methods are also flexible. The research makes room for enhanced spontaneity and adaptation of the interaction between the researcher and the study participant. For example, most of the questions asked are â€Å"open-ended†questions that are not asked in the same manner with each participant. With open-ended questions, the participants get to respond in their own way and in their own words. The responses go beyond qualifiers such as theâ€Å"yes†or â€Å"no.† This kind of research approach is very appropriate since it sought to explore phenomena. The instruments used fosters closer engagement with the respondents. It is characterized by an iterative style of eliciting, obtaining and classifying and explaining responses to questions. There is a use of the semi-structured methods such as in-depth interviews,focus groups, and participant observation. The Corporate Social Responsibility of Appleby is one that creates value for our shareholders

Friday, October 18, 2019

Case 9A (Middlehurst House) Coursework Example | Topics and Well Written Essays - 750 words

Case 9A (Middlehurst House) - Coursework Example A few though especially those who have children in 5-6 age group do not support any increase. Both scenarios will be analyzed separately to determine the best way forward. Decreasing the size of the class and increasing tuition fee by 25% will not be the best thing to do since the business will operate at a loss. However, a decrease in class size followed by a 50% increase in tuition fee will be favored since the later generates $4,780 in profit. Both options, however, yield positive marginal profit as seen but fixed costs eat into the profits generated in the first option. From the analysis, the best increase to maintain current profit levels would probably be X-(6,970+22,150) = 500 gives 29,620 for X. This is 8,120 more than the current revenue (21,500) which translates to 8,120/21500*100 = 37.7% required increase if the partnership must maintain the current profit levels after decreasing classes. Creating of new classes will raise the cost especially by the new tutors who will be required to teach the extra students. Classes will not be functioned at their capacity, and this will lead to a loss of $261 as shown in the calculations above. It is therefore not the best decision for the daycare home. It is profitable to create new classes from the waiting list while keeping small. This will generate $5,117, which is $4,617 more than the current profits. Other factors have to be carefully analyzed apart from the current costs (Brewer, 2008). Starting an infant class will be a good thing to do if classes are decreased and new rates are in effect. The effect of adding a single infant class is evaluated below. According to Hoffjan & WÃ ¶mpener (2006), evaluation of several situations is necessary to arrive at the best. From the analysis, the management is best placed if it does two simultaneous decisions at the same time i.e. decreasing class size by increasing tuition fee by 37.7% and starting of

Undertake a literature search on overhead costs and write about the Essay

Undertake a literature search on overhead costs and write about the subject drawing relevant conclusions - Essay Example Undertake a literature search on overhead costs and write about the subject drawing relevant conclusions On the other hand, labour and material costs are easily traceable and can therefore easily be associated with the final product (Hartley, 2009). The allocation and measurement of overhead costs is therefore a very important factor in accounting given that it makes no sense to engage in production if the business experiences much overhead cost that cannot balance the revenues (Hilton, 2012). The overhead costs in business are basically the costs the ongoing expenses realized in the operations. They include electricity, rent wages and gas. The name overhead arises out of the fact that these costs cannot be easily associated with the final products but are nevertheless imperative for the continued functioning of the business (Kieso & Weygandt, 2001). In any case, most of the overhead costs are not directly related to the business. For instance full rent for the premises has to be paid whether the business operates for fewer hours or not. In the income statement, the overhead costs inclu de all the costs except direct materials, direct labour and direct expenses (Horngren, 2002). Overhead allocation In most cases, the overhead costs are normally much higher than the direct costs. In this regard, accountants must effectively allocate overhead costs to the inventory. Overhead costs normally fall into two categories. Administrative overheads include all the costs realized in production and development of goods such as front office and sales. Manufacturing overheads include all the costs incurred by the business other than direct costs (Innes & Mitchell, 2005). It is imperative to allocate the manufacturing overheads to the inventory items classified as finished goods or work in progress. However, the overheads should not be allocated to the raw materials. In one procedure, all the manufacturing costs are accumulated into cost pools and then an activity formula is applied in apportioning the overheads in the cost pools to the inventory in the business. As such, the allo cation formula becomes: Cost pool/Total activity measure= Overhead allocation per Unit Absorption costing In some cases, the overhead costs are ignored from the general expenses realized by a business. In this case, absorption costing is an important way of ensuring that such omissions are well addressed. Unlike variable costing where the fixed costs are not actually absorbed by the product, absorption costing ensures that all the direct costs realized in the production of goods are factored within the cost base. In this case, absorption costing is important given that the fixed cost normally provide future benefits to the business. Through the use of absorption costing, the overhead costs are easily included in the total production costs and can therefore be attributed to any unit production. Tax advantages Manufacturing overhead costs are normally tax deductible. It is therefore very important for the business to effectively track all these cost to the overall manufacturing expens es. In this case, the taxable income can greatly be reduced and subsequently lower the tax burden for the business (Khalik, 2008). Most of the overhead costs are normally deductible in the very year they are incurred which actually works to the advantage of the business. Nevertheless, equipment is depreciated over a period of years. Disadvantages Rising prices Considering the inflationary environment realized in the present business environment, the rising overhead costs

Thursday, October 17, 2019

Writing Assignment Essay Example | Topics and Well Written Essays - 500 words

Writing Assignment - Essay Example Our superior staff and workforce, however, have been able to contribute to our steady growth despite overall industry patterns. Our current expansion plans include adding a sizable number of professional, high-tech jobs requiring the skills that you possess. As a former employee, you would have a distinct advantage as a valuable addition to our staff. Many companies are reluctant to rehire their former employees, and EDS has carefully considered the effects of this course of action. We believe strongly that the events that led us to make this offer were the inevitable result of unforeseen business forces. EDS admires your sense of individuality and in no way feels that it reflects on your loyalty or commitment as a business professional. While we can not guarantee that a position will be available for you, or that you would return to your original title, we are open to discussing your future with EDS. I would like to say that we appreciate your past performance and hard work at EDS and sincerely hope that you would consider continuing our positive relationship. I'm confident that as EDS continues to innovate and expand, you could make an important contribution to the future performance and progress of EDS. Again, I would like to say that you have the background and knowledge we are seeking to move EDS forward into the future.