Micromax Info Essay Example for Free

Micromax Info Essay Regd. Office: 21/14, Naraina Industrial Area, New Delhi-110028. CODE OF CONDUCT FOR DIRECTORS, SENIOR MANAGEMENT, OFFICERS AND EMPLOYEES OF MICROMAX INFORMATICS LTD. MICROMAX INFORMATICS LIMITED is committed to conducting its business in accordance with the applicable laws, rules and regulations and with highest standards of business ethics. This code is intended to provide guidance and help in recognizing and dealing with ethical issues, provide mechanisms to report unethical conduct, and to help foster a culture of honesty and accountability. Each Director, senior manager, officer and employee is expected to comply with the letter and spirit of this code. The Directors, senior management, officers and employees of the Company must not only comply with applicable laws, rules and regulations but should also promote honest and ethical conduct of the business. They must abide by the policies and procedures that govern the conduct of the Companys business. Their responsibilities include helping to create and maintain a culture of high ethical standards and commitment to compliance, and to maintain a work environment that encourages the stakeholders to raise concerns to the attention of the management. A present, overall, contents of this Code are in practice, being already followed by the Directors and the Senior Management, however, in compliance with the new Clause 49 of the listing agreement, the Code as set out below, is to take effect from the date, when approved by the Board in its meeting 1. APPLICABILITY: The Code is applicable to all the members of the Board of Directors, Senior Management, Officers and employees of the Company. Senior Management shall include all executives holding the positions of Director (Non-Board Member/s), Sr. Manager, Managers, Asst. Managers and all head of the departments excluding Board of Directors. Such personnel shall hereinafter be treated as members of its core management team. 2. DILIGENCE: The Directors, senior management, officers and employees are to exercise due diligence in attending to their respective duties and obligations in the best interest of the Company. 3. CONFLICTS OF INTEREST: The Directors, senior management, officers and employees should be scrupulous  in avoiding conflicts of interest with the Company. In case there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the Board of directors or any Committee / officer nominated for this purpose by the Board and a prior written approval should be obtained. A conflict situation can arise: a. When an employee, officer, senior manager or Director takes action or has interests that may make it difficult to perform his or her work objectively and effectively, b. The receipt of improper personal benefits by a member of his or her family as a result of ones position in the Company, c. Any outside business activity that detracts an individuals ability to devote appropriate time and attention to his or her responsibilities with the Company, d. The receipt of non-nominal gifts or excessive entertainment from any person/company with which the Company has current or prospective business dealings, e. Any significant ownership interest in any supplier, customer, development partner or competitor of the Company, f. Any consulting or employment relationship with any supplier, customer, business associate or competitor of the Company. 4. TRANSPARENCY: The Directors and the Senior Management are to ensure that their action/s in the conduct of business are transparent, except where the confidentiality of the business requires otherwise. Such transparency shall be brought through appropriate policies, procedures, and maintaining supporting and proper records. 5. FAIR DEALING: Each director, member of core management team, officer, and employee should deal fairly with customers, suppliers, competitors, and employees of group companies. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret information, misrepresentation of material facts, or any other unfair dealing-practices. 6. HONEST AND ETHICAL CONDUCT: The Directors, senior management, officers and employees shall act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct not only on Companys premises and  offsite but also at company sponsored business, social events as well as any places. They shall act and conduct free from fraud and deception. Their conduct shall conform to the best-accepted professional standards of conduct. 7. CORPORATE OPPORTUNITIES: Directors, senior management, officers and employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises. Directors, senior management, officers, and employees are expressly prohibited from: a. Taking for themselves personally, opportunities that are discovered through the use of Companys property, information, or position, b. Competing directly with the business of the Company or with any business that the Company is considering. Using Companys property, information, or position for personal gain. If the Company has finally decided not to pursue an opportunity that relates to the Companys business activity, he/she may pursue such activity only after disclosing the same to the Board of directors or the nominated person/committee. 8. BUSINESS INTEGRITY: The Directors and the Senior Management are to ensure that the Company carries out its business as per accepted practices of business integrity, ethical standards, fair play and conduct, honestly, legitimately and as a fair competitor. 9. WORK PLACE: The Directors and the Senior Management are to ensure that there is gender friendly work place, equal opportunities are given to men and women, and there exists good employment practices. 1 0. QUALITY OF PRODUCTS/SERVICES: The Directors and the Senior Management are to endeavor that the products / services of the Company meet the accepted standards of quality including that of ISO 9001 and any other standard/s, and also the specifications of the legal authorities/laws so that customer satisfaction is ensured. Moreover costs are kept reasonable. 11. PROTECTION AND PROPER USE OF COMPANYS ASSETS: The Directors and the Senior Management are to ensure to protect Companys assets and property and the same should be used only for legitimate business  purposes. 12. CONFIDENTIALITY: The Directors, Senior Management, Officers and Employees shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when disclosure is authorized or legally mandated. The Confidential information includes all non-public information (including private, proprietary, and other) that might be of use to competitors or harmful to the Company or its associates. The use of confidential information for his/her own advantage or profit is also prohibited. 13. COMPLIANCE WITH LAWS, RULES, AND REGULATIONS: T he Directors, senior management, officers and employees shall comply with all applicable laws, rules, and regulations. Transactions, directly or indirectly, involving securities of the Company should not be undertaken without pre-clearance from the Companys compliance officer/Company Secretary. Any Director, member of core management team, officer or employee who is unfamiliar or uncertain about the legal rules involving Company business conducted by him/her should consult the legal department of the Company before taking any action that may jeopardize the Company or that individual. 14. RELATIONSHIP WITH CUSTOMERS AND SUPPLIERS: The Directors and the Senior Management are to endeavor that their dealings with the customers are given due importance, value is created and relationship of trust is built. In dealing with suppliers it should be the endeavor that supplies are based on need, quality, service, price, and appropriate terms and conditions. 15. SHAREHOLDERS: The Directors and the Senior Management are to ensure that the rights of shareholders are met as per law and good corporate practices, and all efforts are made to provide best services to them. 16. COMMUNITY ACTIVITIES: The Directors and the Senior Management are to endeavor that the Company be a trusted corporate citizen and, as an integral part of the Society, fulfills its responsibilities and duties to the societies and communities in which it  operates. 17. CODE OF ETHICS FOR CHIEF FINANCE OFFICER: Honesty, integrity and sound judgment of the senior financial officers is fundamental for the success and reputation of Action Construction Equipment Limited. The professional and ethical conduct of the senior financial officers is essential to the proper functioning of the Company. The senior finance officers as well as Directors of the Company shall be bound by the following code of ethics: 1. Act with honesty and integrity, including the ethical handling of actual or apparent conflicts of interest between personal, financial and professional relationships, 2. Make full, fair, accurate, timely, and understandable disclosure in reports and documents that the Company files with, or submits or makes periodically, to the shareholders, government authorities, and to the public, 3. Comply with governmental laws, rules, notifications and regulations applicable to the Companys business, 4. Disclose to the Board or any committee/officer designated by the Board for this purpose, any material transaction or relationship that reasonably could be expected to give rise to any violations of the code including actual or apparent conflicts with the interests of the company, 5. Promote prompt reporting of violations of the Code of Ethics to the Board of Directors or any person/committee designated for this purpose, as may be necessary, 6. Respect the confidentiality of information acquired in the course of employment unless legally obliged to disclose and ensure that no such confidential information is used for personal advantage/benefit, 7. Maintain the skills necessary and relevant to the Companys needs, 8. Act in good faith, responsibility, with due care, competence and diligence without misrepresenting material facts, 9. Refrain from any inappropriate or undue influence of any kind in all dealings with independent auditors, and avoid any actual or apparent conflicts with analysts, 10. Achieve responsible use of and control over all assets and resources employed or entrusted to them, 11. Promote ethical and honest behavior within the Company and its associates, Chief Finance Officer should adhere to both the code of business conduct and the code of ethics of the Company. Violation of the code of ethics will lead to appropriate disciplinary action including dismissal from the services of the Company any  deviation/waiver from this code can only be affected on the sole and absolute discretionary authority of the Board or any person/committee designated by the Board for this purpose. 18. INTERPRETATION OF CODE: Any question or interpretation under this Code of Ethics and Business Conduct will be handled by the Board or any person /committee authorized by the Board of the Company. The Board of Directors or any designated person/committee has the authority to waive compliance with this Code of business conduct for any Director, member of core management team, officer or employee of the Company. The person-seeking waiver of this Code shall make full disclosure of the particular circumstances to the Board or the designated person/ committee 19. COMPLIANCE WITH THE CODE OF CONDUCT: Compliance with this Code of Conduct is an obligation. The Directors and the Senior Management are to ensure that this Code is communicated to, and understood and observed by all employees. The Directors and the Senior Management shall affirm compliance with the Code, on an annual basis. The Board expects employees to bring to their attention, or to that of Senior Management, any breach or suspected breach of this Code. Compliance with this Code is subject to the review by the Board and complemented by the Audit Committee of the Board. Any modification/s, amendment/s, or review of this Code shall be done by the Board.

Creative Story: Positraction :: essays research papers

Creative Story: Positraction It was a cold night and Roger Katmandoo ( a 89 year old man) sat on his front porch. His rocking chair squeeked as he rocked back and forth. Right then a pair of hedlights came on and were shining right in Mr. Katmandoo's eyes. The headlights came closer towards Roger as the car's engine screamed. The car was right at the curb, and it keep going right up into Roger's yard. " Shit" he yelled as the red 67' Courger drove through his well kept lawn. "Jesus Palamesus" He hollared "U gonna die U sack of shit" Then the car stoped and flashed A gun out the winder as Roger pulled up a loose board in the floor of the porch and grabbed his machine gun. " Youin's best be gett'n out a here" he bluffed "or I will have to kick your little punk asses" Then th ecar speed off leav'n positraction tire marks all in Mr. Katmandoo's yard. Then when the car was half in the street and half in Roger's yard they all yelled "Hey Fuck-o" and speed off. "You little bastards callin me a buck-o" Roger yelled as his hudge buck teeth bit his bottom lip " I'll kick your ass". Then Roger jumped In his shit brown FORD truck and started the engine (well I mean tried to start the engine because he had to pull start it). Then he speed out of his driveway and took off with smoke coming from the tires (and from under the hood). He caught up with the Cougar and started hanging out the window trying to hit the car but he couldn't hold the steering wheel and do bash the car at the same time. So he got THE CLUB out from underneath his seat and put it on the steering wheel. So he got the Baseball bat and started hanging out the window hitting the car. The guy in the Cougar started swirved and Roger fell out of his car and flew underneath the wheel of the Cougar while he was yelling "I'll kick your ass" and crunched Roger leaving blood and guts all over the freeway. But Roger's skull stuck into the Cougar's hub cap. The cougar spun out of controll and flipped then hit the gaurd rail and went fling accross the freeway into oncoming traffic. And uuhh oh here comes the undertaker's truck full of dead bodies. Creative Story: Positraction :: essays research papers Creative Story: Positraction It was a cold night and Roger Katmandoo ( a 89 year old man) sat on his front porch. His rocking chair squeeked as he rocked back and forth. Right then a pair of hedlights came on and were shining right in Mr. Katmandoo's eyes. The headlights came closer towards Roger as the car's engine screamed. The car was right at the curb, and it keep going right up into Roger's yard. " Shit" he yelled as the red 67' Courger drove through his well kept lawn. "Jesus Palamesus" He hollared "U gonna die U sack of shit" Then the car stoped and flashed A gun out the winder as Roger pulled up a loose board in the floor of the porch and grabbed his machine gun. " Youin's best be gett'n out a here" he bluffed "or I will have to kick your little punk asses" Then th ecar speed off leav'n positraction tire marks all in Mr. Katmandoo's yard. Then when the car was half in the street and half in Roger's yard they all yelled "Hey Fuck-o" and speed off. "You little bastards callin me a buck-o" Roger yelled as his hudge buck teeth bit his bottom lip " I'll kick your ass". Then Roger jumped In his shit brown FORD truck and started the engine (well I mean tried to start the engine because he had to pull start it). Then he speed out of his driveway and took off with smoke coming from the tires (and from under the hood). He caught up with the Cougar and started hanging out the window trying to hit the car but he couldn't hold the steering wheel and do bash the car at the same time. So he got THE CLUB out from underneath his seat and put it on the steering wheel. So he got the Baseball bat and started hanging out the window hitting the car. The guy in the Cougar started swirved and Roger fell out of his car and flew underneath the wheel of the Cougar while he was yelling "I'll kick your ass" and crunched Roger leaving blood and guts all over the freeway. But Roger's skull stuck into the Cougar's hub cap. The cougar spun out of controll and flipped then hit the gaurd rail and went fling accross the freeway into oncoming traffic. And uuhh oh here comes the undertaker's truck full of dead bodies.

Lisa Benton Case Essay

This case was interesting because it provided a few examples of the conflicts that are stated in organization behavior theories and models. The main issues that we see in this particular case are those dealing with perception, personality, and motivation. There seem to be both internal and external factors that are causing the issues. In specific, the internal issues derive from the personality of select individuals, which influence their behavior; but there are external factors that derive from the management and organization itself that are attributing to the individual’s negative behavior. In the following paragraphs, we will explore these issues further by identifying specific incidents that affected Lisa Benton’s performance. In evaluating the job choices that Lisa Benton, one can assume that she was a â€Å"Type A† achiever. We can see this because of the particular strengths and weaknesses that she evaluated per company to make her final job selection. Using McClelland’s theory, we can label Lisa Benton as having a Type A personality because the position she was seeking would require her to have personal responsibility, feedback, and moderate risks. Both job opportunities offered personal responsibly and feedback, however, the position at Right-Away was too visible, therefore, the risks of failing would have been more noticeable to the company’s upper management because it was a smaller organization. Thus, the risks were more than moderate and at that time Lisa Benton did not have sufficient self-efficacy to think she could qualify for the Right Away management position. Furthermore, we can have an idea about what motivates Lisa Benton and in examining the case, Lisa finds the intrinsic rewards more important than the extrinsic rewards. For example, the case states that even though the position at Right Away offered a better salary and upper management position, the learning and training opportunities, the recognition, and career development at Houseworld were more valuable. Linton makes it clear that she does not like or is impressed with Harvard MBAs, therefore, she is explicitly stating her personal bias against individuals with Lisa’s particular educational/ professional background. The specific perceptual process bias is the â€Å"stereotyping/ implicit personality theories and contrast error. Linton only familiarizes herself with Linton by reviewing her resume, but immediately generalizes Lisa with other MBA graduates that may have exhibited certain personality traits that Linton did not find favorable. Consequently, Linton is stereotyping Lisa before she has an opportunity to show her skill sets, to see that Lisa has a very approachable personality, and does whatever tasks are needed regardless of her role. Linton does not have an MBA and the case states that she was in Lisa’s previous position, so Linton’s approach to career development may be different from Lisa. This contrast error also contributes to their poor working relationship because Linton considers Lisa different from her, so perhaps an individual that she could identify with would have made her feel more comfortable. This may be the reason that Linton and Scoville, who both have similar backgrounds, work together effectively and share the same bias towards Lisa Benton. In respect to Scoville, he is also a personality Type A, however, unlike Lisa Benton his Type A behavior is more extreme. He displays a higher level of competiveness, time urgency, and anger. Interestingly, Lisa Benton and Scoville are both Type A personalities, however, Lisa Benton possess a higher sense of self-monitoring. Scoville also has high self-efficacy, but on the extreme side of the spectrum because his self-efficacy over rides his ability to work effectively in a team and does not seem to care on how he impacts the morale of his peers, in which ultimately impact their performance and perception on the organization. Lisa Benton has a Type A personality, but has an external locus of control. She feels that her performance and the drawbacks she is experiencing are solely caused by this particular management team. She is not considering that her direct lack of action (internal locus of control) is also contributing to the negative behavior from her management team. This can be seen in Scoville as well, when at the end of the case he expresses to Lisa how his behavior is due to his frustration with the organization and the lack of promotion opportunities; however, Scoville is failing to realize that perhaps his inability to self-monitor his negative behavior and inability to effectively interact with others are the reasons that the organization does not consider him for a promotion. One particular effect that we see happening in the case is the way that Scoville influences Lisa Benton’s performance. His constant reminder that she is on a â€Å"learning curve† and her performance is expected to stay at a minimal level, including her participation in projects, until she eventually receives sufficient training to perform at a higher level. This Pygmalion Effect that takes place does indeed impact Lisa’s performance as she hesitates to take initiatives on certain project tasks or provide more opinions and feedback during presentations. Scoville’s expectations of her limited performance, despite that she did have the ability to be a high performer, were believed and accepted by Lisa Benton. Additionally, another theory that we can see in this case is Kelly’s theory of casual attribution. Lisa Benton complains to other peers about her working relationship with Scoville and eventually her boss’s lack of managerial skills. This theory is relevant because it shows that Lisa’s statements about her current management team and their negative behavior is shared by other employees (consensus), her management team often exhibits negative behavior (consistency), and even in informal settings such as the lunch meetings she’s had with Scoville and Linton (distinctiveness). The negative performance review was also an issue with this case. The specific issues with the negative performance review can be seen in how it lacked the proper performance review cycle. During the beginning of the case, Lisa Benton’s boss failed to provide her with specific tasks, goals, and did not establish standards. Therefore, when Lisa requested her 3 month evaluation, Linton was not able to properly review her performance record. As a matter of fact, she was so focused on the negative aspects of what she perceived as being Lisa’s weaknesses, that she did not mention any of the strengths that contributed to the team’s performance. One of the few things that Lisa should have considered after the negative performance review is to schedule a follow up review immediately in a formal setting in order to properly document her strengths, weaknesses, and goals. The performance review would have also allowed Lisa to document the external factors that were contributing to her mediocre performance and force Linton to properly address them. If Linton would have refused to provide her with a formal performance review, then she should have approached the group product manager and address this issue with him. The negative aspect of this action is that it may have further alienated her from the current management team, since Linton may have felt that Lisa disregarded the chain of command by expressing her concerns with upper management versus addressing it directly with her. The pros of this approach may have been that the negative behavior of her current management team would have been brought to the attention of upper management or human resources and finally addressed to avoid future incidents. My recommendations for alternative solutions to the problems identified may have been to continue pursuing a formal performance review, and establish reoccurring one on one meeting with her boss in order to improve their working relationship. Perhaps by interacting with her boss more often (even if forced), her boss may have overcome her bias of Lisa due to her educational background. The weakness in this recommendation may be that it can alienate Scoville and contribute to his negative behavior. He may feel that Lisa is attempting to overshadow his role in the team. Further, I would have expressed my concerns about the negative behavior and its impact on my performance to the group product manager, so he would be aware of these issues. It is important that upper management is informed of this kind of behavior in order to quickly address them before valuable employees leave the company.

Confessions of an Economic Hitman - 2350 Words

Confessions of an Economic Hit man John Perkins The reasons as to why I selected this book was heavily weighted on my personal interests. The fact that I am interested in matters of economics, imperialism, capitalism and deception and corruption on a government level, made reviewing Confessions of an economic hit man an enjoyable experience. â€Å"For them, this is a war about the survival of their children and cultures, while for us it is about power, money and natural resources. It is one part of the struggle for world domination and the dream of a few greedy men, global empire.† (prologue) If confessions of an economic Hit man had to be summarised in a sentence, the quotation above should give you the reader briefly; a general†¦show more content†¦Mafia bosses often start out as street thugs. But over time, the ones who make it to the top transform their appearance. They take to wearing impeccably tailored suits and owning legitimate businesses.† â€Å"They are quick to lend money to those in desperate straits† They appear to be model citizens. However beneath this patina is a trail of blood† (page 139) Using the mafia analogy it is clear to diagnose what is wrong with the strategic decisions that have been made in the past and are still being made now in regards to, how governments and EHMs leave behind trails of blood just as Mafia bosses can in order to carry out their business. But the â€Å"model citizens† who are in disguise such as EHMs are seen in a completely different light in that to crime lords. Many strategies have been devised by empires over centuries, these strategies and decisions have helped shape the world as it is in its present state. The author explains how strategic decisions made in the past were the wrong decisions in his opinion, as John Perkins had seen first hand the devastation that could be caused by the American government in its pursuit for a â€Å"global empire†. An example of this is how in the 1960’s, a key strategy was being implemented by the world governments. This was the switch from neoclassical economics to Keynesian economics. In America thisShow MoreRelated Confessions of an Economic: Hitman1425 Words   |  6 PagesEconomic Hitman I decided to talk about Economic Hitman because since I opened the web site, I got attracted by this quote â€Å"Dedicated to transforming the world into a sustainable, just and peaceful home where all beings can thrive†, by John Perkins who is an American author and one of the famous economist person in the world because he claims to have played a role in an supposed process of economic establishment of Third World countries on behalf of what he shows as a section of the United StatesRead MoreConfessions Of An Economic Hitman Essay2564 Words   |  11 PagesConfessions of an Economic Hitman Identifying Corporate Social Responsibility Issues Corporate Responsibility Dr. Farzad Rafi Khan April 16th, 2015 Team 1 Andrew Wirawan Ali Karamustafaoglu Ashtyn Packer Christ-Arnaud Lacombe Marion Mayer Ulrik Karlsen Contents Introduction 2 Reflection on John Perkins’ Sincerity 3 What Do the Voices From Below Show? 5 How Can Institutions Transform and End Malicious Practices? 6 How to Increase Awareness in Society? 8 Conclusive Thoughts about theRead MoreThe New Confessions Of An Economic Hitman By John Perkins1978 Words   |  8 PagesIn the book â€Å"The New Confessions of An Economic Hitman† by author John Perkins, he discusses in detail his experience as an economic hitman, and the role he played in underdeveloped and developing countries. He writes about his, various multinational corporations, political institutions, and the United States role in indebting countries to profit off them. Essentially, his book is about the United States way in expanding globalization and what can be done to stop the exploitation of other countriesRead MoreJohn Perkins Is An American Novelist1088 Words   |  5 Pages About the Author John Perkins is an American novelist. Confessions of Economic Hitman (2004) is one of his bestsellers. Perkins graduated in 1963 from the Tilton School and completed Bachelors of Science degree in Business Administration in 1968 from Boston University. From 1968-1970, he volunteered for Peace Corps in Ecuador. He was screened by National Security Agency (NSA) while working for a firm in Boston, Chas.T.Main during 1970s to work as EHM. His job as EHMRead MoreDocumentary Analysis: Zeitgeist Addendum Essay815 Words   |  4 Pagesinterview with John Perkins, author of Confessions of an Economic Hitman. From the word â€Å"Hitman,† we know that money, economy, politics, and control was involved. In this part, Latin-American countries had leaders who strived to improve their country’s economy. Big corporations even the United States confronted these leaders in an effort to control their resources or source of money then subjugate them through loans. Some of the leaders refu sed the offer then the hitman comes in. These countries were IranRead MoreThe Bilderberg Group Conspiracy Theory1548 Words   |  7 PagesNew York Times, Time Magazine, Royals, heads of Parliament, among many others. â€Å"Wealth is only as useful as the power you actually wield with it† and he believes that the group sent, the date for the invasion of Iraq, set oil prices, and caused the economic crash ultimately showing that they run the world (Estulin). The Bilderberg group wants to decrease the population by 80% because they believe that they cannot control the current population (Jones). This is because the elitists want to only haveRead MoreEssay on Grassroots Boycott: The Fight for Human Rights 726 Words   |  3 Pagesresult of unbridled capitalism.† Author John Perkins, also known as the ‘economic hitman’ describes his role as a highly paid professional who helped the U.S. cheat poor countries around the world out of trillions of dollars by providing them more money in which they could not pay back and later, taking over their economies in exchange of natural resources such as oil. In the epilogue of his book â€Å"Confessions of an Economic Hitman† he expresses his thoughts on taking ownership and changing the systemRead MoreThe Impact Of Globalization And Globalization1582 Words   |  7 Pagesreservation-like areas and are left to adapt or perish by themselves. As modern society requires more a nd more raw material for industry and innovation, the land and culture of the native people is being destroyed. John Perkins explains in Confessions of an Economic Hitman that indigenous land is being ravaged in the search for raw material and the mass growing of crops. American corporations are allowed to run rampant in foreign land by using billions of dollars of debt owed to America by foreign countriesRead MoreAn Unequal Distribution Of Wealth And Power Across The Nation2049 Words   |  9 Pagesregarding our economic lives. Our understanding of what’s going on with the wealth distribution and the actuality of what’s going on is two completely different things. So you may ask, what’s the reason behind this inequality? The answer is corporations and big businesses. Corporations such as Bank of America, Nike, Google, Apple, and Microsoft are rising to power. Corporations have also completely diminished the original intent of our Founding Fathers. According to Collin and Yeskel’s â€Å"Economic ApartheidRead MoreUnited Nations and World4943 Words   |  20 Pa gesNEO-COLONIALISM Neocolonialism describes how, after World War II, colonial powers started using economics i.e. lending and interest rates, to control former colonies and cultivate new areas, thereby creating political, economic and social dependencies. Neocolonialism describes certain economic operations at the international level which have alleged similarities to the traditional colonialism of the 16th to the 20th centuries. The contention is that governments have aimed to control other nations