Criminals and Society The Battle Between Reintegration...

Criminals and Society: The Battle Between Reintegration and Recidivism ABSTRACT: This research paper is focused on released convicts and the struggles they face to become active, progressive members of society. Sadly, these released offenders regularly face discrimination in their job searches, in attempts to secure housing for themselves and their families, and to be accepted by their communities. Without the right support structures in place upon their release, these former prisoners may very well fall back into lives of crime. Without a suitable place to stay, these released offenders may become recidivists, falling back into their familiar roles as law breakers, if only to provide the basic necessities for themselves and their†¦show more content†¦Economic discrimination looks at the difficulties inherent in a released offender’s job and housing search (for those not living with family in an established home) and how discrimination by possible employers and landlords can push released offenders towards crime again. Social separation restr iction looks at how the acceptance or rejection by social groups related to released offenders (both group affiliations prior to incarceration and the groups they need to attach to upon release) can make or break their attempts at reintegration. Lastly, failing re-entry programs deals with the government and community-run programs that would help prepare released offenders with reinserting themselves into society. It also looks at how the focus of these programs can decide their efficiency in reducing recidivism rates. Economic Discrimination A released offender’s path to reintegration, away from crime and repeated trips to prison is based heavily on their ability to enter the work force. The better the pay and the quicker they find a job, the less likely they are to fall prey to recidivism. The chances that a released offender will become a recidivist has been shown to vary inversely with the initial length of time itShow MoreRelated Criminals and Society: The Battle Between Reintegration and Recidivism3262 Words   |  14 PagesABSTRACT: This research paper is focused on released convicts and the struggles they face to become active, progressive members of society. Sadly, these released offenders regularly face discrimination in their job searches, in attempts to secure housing for themselves and their families, and to be accepted by their communities. Without the right support structures in place upon their release, these former prisoners may very well fall back into lives of crime. Without a suitable place toRead MoreEmployment Is the Key to Reducing Recidivism Essay1977 Words   |  8 PagesEmployment is the key to reducing recidivism Derrick G. Patrick COM/150 November 09, 2012 Dr. David Willis Employment is the Key to reducing recidivism Individuals returning from incarceration each year live in virtually every zip code in the country. Most ex-offenders have every intention of becoming productive, tax paying citizens, and no intention of returning to the penal system. However ex-offenders are largely on their own when returning to our communities. They areRead MorePrison Reform Topic Paper : Prisons6604 Words   |  27 Pagesmay seek deterrence, incapacitation, or retribution to avoid appearing too soft on criminals (Zyl Smit, 2010; Rossum, 2003). On the other hand, the regulations of the prison system may seek to opportunities to resocialize prisoners or to effect changes in the character, attitudes, or behavior of the convicted offender (Zyl Smit, 2010; Harvard Law Review, 2010). Which approach is the most effective for a society that decides to punish? What do we do about those who commit crimes? This questionsRead MoreThe Impacts of Child Sexual Abuse3738 Words   |  15 Pagescommonness of child sexual abuse changes by age, sex, and family budgetary status. Although NCANDS uncovered 8.8% of all abuse victims were sexually misused, the percent for kids aged four to seven was 8.2%. It increased to 16.5% for youngsters aged between twelve and fifteen (Bagley King, 2010). Authors of the National Incidence Study inferred that children are defenseless to sexual misuse from age three on although sexual abuse to babies also happens. Information from this study also uncovered that

Essay on Breast Cancer - 847 Words

Breast Cancer Chromosome 17 and BRCA1 Among the most common diseases affecting the female population, breast cancer develops in one of every eight American women. This means that almost 200,000 women suffer from the disease each year. Doctors would advise women to take necessary precautions, such as routine surveillance, in order to ensure a life without obtaining this disease prior to understanding any genetic linkage of breast cancer. Although many external factors contribute to breast cancer, current investigations reveal that five to ten percent of these cases may be attributed to genetic inheritance (Lynch, 1999). This knowledge, an ingenious finding by Mary-Claire King in 1990, linked breast cancer to the long-arm of†¦show more content†¦al., 1999). Various methods of positional cloning have been used to detect mutations of BRCA1, but originally the gene was isolated using single-strand conformation polymorphism (SSCP) and direct sequencing. During 1994, when the gene was first discovered, SSCP was done us ing both genomic DNA and cDNA from lymphoblast RNA (Friedman, et. al, 1994). SSCP analysis detected each variant and sequenced it on several templates. Results from this experiment helped prove the involvement of BRCA1 to breast cancer development. Other studies have used Southern Blotting techniques and other Polymerase Chain Reaction (PCR) methods in order to further analyze BRCA1. BRCA1 encodes a protein that is approximately 1865 amino acids in length, which is a tumor suppressor, a protein that acts as a negative regulator of tumor growth (Miki et. al., 1994). Loss of function is due to premature termination of protein synthesis. Because predisposition is a dominant genetic trait, a single copy of the mutant allele is enough to increase risks of breast tumors proving that a functional BRCA1 is needed in order for normal breast tissue (Miki et. al., 1994). This protein is expressed in the epithelial cells of mammary glands and other tissues, and the protein acts to inhibit cell division. Because BRCA1 is a tumor suppressor gene, any mutation leads to breast tumor formation. Once the two genes, BRCA1 and BrCA2Show MoreRelatedBreast Cancer And Cancer Prevention2347 Words   |  10 Pages INTRODUCTION Statistics indicate that breast cancer-related complications are among the top causes of death among women for over 23% of all women’s deaths in the world (Donepudi et al., 2014). The great cases of breast cancer are attributed to lack of information on and hard data on the disease, especially on early diagnosis and treatment options. In America, breast cancer is among the top causes of cancer-related deaths, and the mortality rate is relatively high as compared to the neighboring countriesRead MoreThe For Breast Cancer Action1612 Words   |  7 Pagesintention to give some part of the profit towards breast cancer causes. Ironically, the money made from this marketing will often not significantly benefit somebody with breast cancer. The pink ribbon was originally created by the Susan G Komen foundation yet anybody can use this symbol, because there is no intellectual copyright on it. Pinkwashing is term was first coined by the organization called breast cancer action, whose m ission is to â€Å"Breast Cancer Action’s mission is to achieve health justiceRead MoreBreast Cancer : Cancer And Cancer Essay1433 Words   |  6 PagesBreast cancer is a carcinoma that develops due to malignant cells in the breast tissue. Cancerous cells are more likely to produce in the milk-producing ducts and the glands, ductal carcinoma, but in rare cases, breast cancer can develop in the stromal, fatty, tissues or surrounding lymph nodes, especially in the underarm (Breast Cancer). For women, breast cancer is the most commonly diagnosed cancer and the 2nd leading cause of cancer death – behind skin cancer. While treatment or surgeries canRead MoreBreast Cancer : Cancer And Cancer1346 Words   |  6 Pagesinternational symbol for breast cancer support and awareness. Breast cancer knows neither racial boundaries nor age restrictions. Females of all ages and ethnicities can develop breast cancer and it is the leading most common cancer among women. Calling at tention to this often fatal disease is important by supporting its victims, families and friends of victims, as well as raising funds for breast cancer research. Though males are not immune from developing a breast cancer, for the purposes of thisRead MoreBreast Cancer : Cancer And Cancer946 Words   |  4 PagesSkylar Steinman Period 6 Ms. Jobsz 12 February , 2016 Breast Cancer It is commonly known that Breast Cancer is one of the most insidious diseases that mankind has had to deal with. With the discovery of the BRCA1( BReast Cancer gene one) and BRCA2 (BReast Cancer gene two) genes, breast cancer can be detected with a great amount of certainty on a genetic level in some women and men. 40,000 women and men die of breast cancer each year. Knowing this it is very important to try to detect the mutationRead MoreBreast Cancer : Cancer And Cancer1530 Words   |  7 Pagesâ€Å"Cancer† is the name for a group of diseases that start in the body at the cellular level. Even though there are many different kinds of cancer, they all begin with abnormal cell growth with the potential to invade or spread to other parts of the body. These abnormal cells lump together to form a mass of tissue or â€Å"malignant tumor†. Malignant means that it can spread to other parts of the body or Metastasize . If the breast is the original location of the cancer gr owth or malignant tumor, the tumorRead MoreBreast Cancer : Cancer And Cancer Essay1741 Words   |  7 Pages Internationally, breast cancer is the most commonly diagnosed cancer and the leading cause of cancer related death amongst women. (CITE) Each year an estimated 1.7 million new cases are diagnosed worldwide, and more than 500,000 women will die of the disease. (CITE) According to (CITE), somewhere in the world one woman is diagnosed with breast cancer every 19 seconds and more than three women die of breast cancer every five minutes worldwide. (CITE) Breast cancer is a heterogeneous condition thatRead MoreBreast Cancer : Cancer And Cancer1372 Words   |  6 PagesBreast Cancer Disease Overview Breast cancer is a disease in which certain cells in the breast become abnormal and multiply uncontrollably to form a tumor. Breast cancer is the second most commonly diagnosed cancer in women. (Only skin cancer is more common.) About one in eight women in the United States will develop invasive breast cancer in her lifetime. Researchers estimate that more than 230,000 new cases of invasive breast cancer will be diagnosed in U.S. women in 2015. Cancers occur when aRead MoreBreast Cancer : Cancer And Cancer1471 Words   |  6 PagesBreast cancer Introduction to Breast cancer Breast cancer is one of the most common forms of cancer only surpassed by lung cancer. It involves a cancerous tumour located inside the breast but spreads if treatment is not administered. (Evert et al 2011) Breast cancer can be treated if diagnosed in its early stages but becomes progressively more difficult upon reaching more advancing malignant stages. Breast cancer can be confused with being a female only disease however both sexes suffer. AccordingRead MoreBreast Cancer : Cancer And Cancer1921 Words   |  8 PagesIntroduction Cancer is a term that every individual on this planet wants to avoid hearing when they go to their yearly check up at the doctors. However, as person ages, they are prone to develop some sort of sickness and most of the time, they could develop cancer of some sort. For this research paper, I am going to go over breast cancer. Breast cancer is a well-known type of cancer with awareness events going on to support both women and men who has breast cancer. According to American Cancer Society

Microbiology Chapter 1 Study Guide Free Essays

Chapter 1 Notes * Robert Hooke * Discovered Cellulae (Cells) * Formed Basis of Cell Theory * 1. Cell basic unit of life * 2. All living organisms are made of cells * 3. We will write a custom essay sample on Microbiology Chapter 1 Study Guide or any similar topic only for you Order Now Must have living cells to make more cells * Anton Von Leeuwenhoek * Father microbiology microscopy * Discovered microorganisms (animalcules) * Disproved microorganisms were heaven sent * Put clean bowl out during rainstorm no microorganism * Let sit * Days later microorganisms formed from air * Ferdinand Cohn Discovered endospores (enable some bacteria to survive adverse environmental conditions) * Why growth occurred in experiments that disproved/proved SG * Louis Pasteur * Definitive experiment that disproved SG * Fermentation * Pasteurization: heat liquid to temp. that kills the most heat resistant pathogen but NOT all (milk) * Vaccination against Rabies (Rhabdovirus), anthrax (bacillusanthracis), Chicken Cholera (bacterium) * Silkworm industry * Disease (protozoan) was killing silk moths * Developed a method to detect diseased moths and separate * Lady Mary Montagu * Wife British Ambassador to Turkey * Developed Smallpox Observed Turkish women engrafting * Spread mild small po x to other by injecting into their veins * Patient would then be immune to smallpox * Reject because she was woman not doctor/scientist * Carl Linnaeus * Developed science of taxonomy * Scientific Nomenclature * Binomial nomenclature * Process of giving all organisms 2 scientific names * Genus species * Edward Jenner * Discovered process of vaccination * Worked with cowpox milkmaids * Milk cowpox scrap pustal scratch skin w/ needle develop mild cowpox immune to smallpox * John Snow * First epidemiologist Traced Cholera epidemic to common H2O pump that was contaminated * Ignaz Semmelweis * Puerperal Fever (child bed fever) major cause of mortality to mothers and infants * Death in midwife ward = low ; death in doctor/med student ward = high * Doctors/med students contact w/ cadavers that previously died from disease * Spread disease to living mothers * Required hand washing with chlorite of lime * Joseph Lister * Concerned with incidence of infection and mortality from surgery * As eptic Surgery = used carbolic acid (phenol) on incision site, instruments, and bandages * John Tyndall Boiling was not sufficient to sterilize broths and agar * Tyndallization Process: * Liquid is heated to boiling (100Â °C) allowed to sit and cool for 24hours * Liquid is reheated to boiling (100Â °C) and then allow to cool and sit for another 24 hours * Repeat * Robert Koch * Developed concept of causative agent of disease (MO cause disease) * Germ Theory of Disease – developed many microbiological techniques, media and procedures * Tuberculin – thought founded vaccine (incorrect) .. use as first step to determine if person has TB * Fanny Hesse * Worked for Robert Koch Used Agar to convert liquid brother to slid medium * Koch’s Postulates (Identifying which bacteria causes which disease) * MO must be present in every case of the disease. Every host must have the same signs and symptoms of the disease * Isolate the microorganism and grow it in pure culture out side the host * Pure culture must be inoculated into a healthy susceptible host. Experimentally infected host must exhibit the same signs and symptoms of the disease * The Microorganism must be reisolated from the experimentally infected host and shown to be identical to the original MO * Paul Ehrlich Concept chemotherapy * Syphilis – Treponema palladium * Compound 606-Salvarsan (Arsenic containing compound) * Alexander Fleming * Accidently discovered antibiotics * Antibiotics = naturally produced compounds that inhibit the growth of other MOs * Working with Staphylococcus aureus (opportunistic pathogen- must be proper conditions to cause infection) * Most antibiotics produced by bacteria, followed by fungi * Martinus Beijerinck * Concept of Viruses * Soil microorganisms-isolated the first soil MOs * Sergei Winogradsky * Sulfur metabolism by microorganisms * Concept of nitrogen fixation * Biochemical cycles Symbiotic relationships * Barbara McClintock * Transposons – c ause Maize (jumping genes- genes move themselves and create different color kernals) * James Watson, Francis Crick, Rosalind Franklin and Maurice Wilkins * Structure of DNA * Molecular biology and genetics * Thomas Brock * Thermophilic microorganisms (high temperature loving microorganisms) * Thermus and Sulfolobus * Lynn Margulis * Endosymbiont Theory * Big prokaryotic cell engulfs little prokaryotic cell * Little survives insides but loses many functions (energy conversion, protein synthesis) * Little becomes mitochondria or chloroplast Eukaryotic Cell evolved * Carl B. Woese * Molecular systematic based on 16sRNA * Improved ability to identify MO * Stanley Prusinier * Discovered Prions * Protenaous Infectious Particles * Luc Montagnier * Discovered human immunodeficiency virus * Barry Marshall and Robin Warren * Causative agent of gastric peptic ulcers * MO colonize in stomach * Disbelieved b. c stomach is so acidic and has enzymes * Antibiotics cure ulcers * Demonstrated effect pharmaceutical industry practice of gastroenterology against 2 men How to cite Microbiology Chapter 1 Study Guide, Essay examples

Study On Legal Protection Of Stakeholders -Myassignmenthelp.Com

Question: Discuss About The Study On Legal Protection Of Stakeholders? Answer: Introduction Until 2016 Dick Smith Holdings Limited was a top name in the electronic components, electronic goods, and electronic project kits market in Australia. The company had a wide chain of retail stores that used to sell these electronic products to the consumers. Dick Smith founded the company in the year 1968 in Sydney with him and his wife as the owners of the company; however, in the year 1982 Woolworths Limited acquired the company. In the year 2016, the company was dissolved by creditors liquidation process. It is shocking to imagine that a company of $520 Million in valuation could fall so dramatically with in a period of three years, i.e. from 2013 to 2015. The dramatic fall of the company was due to the evens that occur during this period of three years that ultimately resulted in the dissolution of the company by creditors liquidation process in the year 2016. Analyzing and assessing the reasons of this dramatic collapse of one of the brightest companies in Australian Stock Exchange is the main objective of this document (Bill 2016). Though it seems that the ending story of Dick Smith Company has been written during these three year period from 2013 to 2015 however, it was nearly a half century ago that it was almost predestined that the company will end up in liquidation process which materialized at the beginning of 2016. In early January 2016 the companys banks called in the administrator to bring an end to the corporate veil of the company. The brief time that the company was lis ted in ASX and the prosperity of the company even shorter period was only an illusion. Background The period in which the company was in the hands of Woolworths Limited since it was acquired the company in the year 1982. During that period even when Woolworths was performing excellently, the company never mentioned its acquired company, i.e. Dick Smith as a well performer that should have made the investors as well as other stakeholders more aware of the probable fate of the company. In the year, 2012 Woolworths Limited took the company off its hands by transferring the company to Anchorage Capital. Anchorage Capital brought the company at a price of $115 Million in the year 2012, the company i.e. Dick Smith had no cash in hand at that time. A year later the company was floated with a valuation of $520 Million is a clear indication that the valuation was a faux and there was significant manipulation in accounting records to come up with that valuation (Giacalone and Rosenfeld 2013). Prospect of Fundraising In the year 2013, the company in its prospectus for fund raising asked its investors to invest in the business to earn substantial amount of return on their investments by showing the valuation of the company at $520 Million. As already mentioned there was significant manipulation to the accounts of the company to show such enormous valuation of a company which Anchorage Capital was bringing at a price of $115 Million with little cash in its hand. The window dressing of financial statements though helped the company initially but finally it the lack luster performance of the company caught up with it thus, resulted in subsequent dissolution of the company. Manipulation of accounts and Accounting policy The income statements of the company is analyzed for the last few years to assess how the accounts have been manipulated by the management to suppress the deteriorating operating and financial condition of the company over the last five years. According to the financial statements of the company sales in the year 2012 was $1369.5 Million which is far outstretched than the actual sales. The Profit after tax of the company in the year 2012 of $13.2 Million again an aberration of its actual performance. As a result of the manipulation of accounting records the financial statements showed a way better picture of the company than the actual position of the company. Due to the window dressing of the companys financial performance and position the company continued payment of dividend to its shareholders which further deteriorated the financial position of the company. The trend of manipulation of accounts continued as the 2013 results though showed a reduced amount of profit after tax at $ 6.7 Million, it was still way more than the actual profit of the company (Speelman et al. 2014). The manipulation of the accounts by charging depreciation at lower rates than should have been charged, by not providing for expenses which needed to be provided, by inflating sales, and suppressing the expenditures the management showed a better picture of the company than the reality. The manipulation of the accounts of the company could have easily been detected had the auditors been more cautious and careful in discharging their duties and responsibilities in accordance with the professional code of conduct and ethics to which they are subjected to. The sales figure of the company showed an increase as per the income statement of the company in the year 2014 with $1227.60 Million and the astonishing fact was the after tax profit of the company which according to the income statement of the company was $42.10 Million, highest in the last five years. A careful study of the financial st atement would have made it clear that unlike other years the company had charged much less amount of depreciation in its books. The sudden change in charge of depreciation along with reduction in the amount of provisions made for different expenditures as compare to the amount of provisions made by the company in earlier years are clear indications of manipulations of accounts. The sales figures were inflated to show better operating results of the company than the actual performances of the company in these years. In fact just the year before the company went into creditors liquidation, i.e. in the year 2015 the company according to its financial statements showed an after tax profit of $43.40 Million which is the highest amount of after tax profit that the company has posted in last 10 years of its operations (Creasey et al. 2016). Considering that the company went into compulsory liquidation process as a result of petition of its banks it is amply clear that these sales figures a s well as the consequent after tax profit figures all are inflated to show a better financial position of the company than the actual financial position of the company. In 2016 after continuous failure on the part of Dick Smith Holdings Limited to fulfill its commitments towards the banks the company went into a creditors liquidation process. This clearly shows the lack of transparency in financial reporting and accounting process. Corporate Governance and transparency in financial reporting The responsibility of the management of an organization is to not only manage the financial and operational activities of the organization but at the same time to give necessary importance to the corporate governance aspects of an organization. Corporate governance is the accumulation of different processes, systems and methods used by the management to direct and control the operations of an organization to achieve its objectives. The company had huge chain of retail stores however, the way it operated its retail chains across the country it left lot to be desired. The management in these retail stores of the company across different parts of the country did not had any standard set of operational rules and regulations. Thus, the management of different retail stores used different corporate practices to run business operations (Finkler et al. 2016). This played a crucial role in the outcome of the companys failure. It is important for any organization to have a standard set of corp orate governance rules and regulations that are to be followed by its employees and workers to help the organization in its endeavor to achieve its desired objectives. As a result of lack of corporate governance rules and regulations in the retail stores the company failed to make optimum utilization of its resources which contributed to the ultimate dissolution of the company (Cui ey al. 2016). The financial reporting of the company is another aspect of its functioning whether the transparency was quite low. In fact, a look at the financial statements over the last decade until its ultimate dissolution will make it clear that the management has changes its accounting policies and principles quite frequently. The changes in the method of charging depreciation on fixed assets to reduce the charge of depreciation in the last few years of its business operations was a clear effort on the part of the company to portray a better financial and operating position of the company than the actual reality. The company has also not followed the international financial reporting standards in order to prepare and present the financial statements of the company rather it has only followed the domestic mandatory standards to prepare its financial statements. Thus, the lack of transparency in financial reporting of the company has always been an issue with the stakeholders of the company. Th e fact that the company-undergone changes in the ownership structure because of firstly being sold to Woolworths Limited in 1982 than again to another company in the year 2012 have also not helped the matter. Because of the changes in ownership the financial reporting processes has also undergone significant changes that have only further reduced the transparency in financial reporting process (McKinney 2015). Appointment of administrator, receiver, and liquidator Since its listing in the ASX in December 2013 the company lost more than 80% of its initial, listing prices of its shares as of January 04, 2016. This compelled the management to request for halt in trading of its shares. However, the very next day, i.e. on 5th of January, 2016 National Australia Bank and HSBC Bank of Australia, two of the major creditors of the company, placed it into administration as a result of continuous failure on the part of the company to fulfill its commitment towards them in respect of the loan and borrowings (Cox and Hazen 2016). The board of the company appointed McGrath Nicole as administrators whereas the creditors, i.e. the two banks mentioned above, appointed Ferrier Hodgson as the same. Subsequent to this event on January 12 the Chief Executive Officer of the company, Mr. Nick Abboud stepped down from his post in the company. However, on 25th February, 2016 Ferrier Hodgson announced that they have failed to secure buyer / buyers for the company and t hus, have decided to close down the 363 DSE stores in different parts of Australia and New Zealand. As result of this decision, almost 2500 jobs were lost, these are the workers working in these stores. However, the online business of Dick Smith in Australia and New Zealand along with the trademark of the company was purchased by the Ruslan Kogans founded Kogan.com; though the liquidators and the receivers of Dick Smith did not disclose the amount paid by Kogan to acquire the online business and the trademark of the company. The creditors of the company according to the reports have suffered a loss to the tune of Australian $260 Million because of the liquidation of the company. The final settlement with the creditors of the company was made on 25th of July 2016 with whatever left of the company as on that date after the completion of the liquidation process. However, no proper account of liquidation process was published but the unsubstantiated report suggested that the creditors o f the company suffered a huge loss because of the liquidation of the company (DeTienne and Wennberg 2013). Position of creditors re receivership and liquidation The position of the creditors of the company is very difficult to express in words. According to the reports they have suffered losses of paramount proportion as a result of the complete failure of the company. The two major creditors of the company, i.e. the National Bank of Australia and HSBC Bank of Australia, who have put the company into administrations suffered huge losses too along with other creditors (Nowicki 2015). The total loss to the creditors as a result of the liquidation and subsequent dissolution of the company was well above Australian $250 Million and the two banks were the major creditors to lose huge amount of funds in the process. However, there was no other option left to these creditors as the company failed repeatedly to fulfil its commitment of repayment of loans and borrowings on time. The major reason for the inability of the administrators and receivers to not been able to realize the assets of the company was the lack of interests on the part of the buye rs to acquire the company. Thus, the liquidators were compelled to close down the 363 DES stores in Australia and New Zealand which if, could have been sold by the receivers would have helped them to realize substantial amount of profit to repay the part of debt to the creditors of the company. Thus, the position of the creditors of Dick Smith Holdings Limited was financially very fallible as they lost huge amount of funds as a result of the failure of Dick Smith and its subsequent dissolution. Directors Duty The directors of the company have certainly failed to fulfill their responsibilities towards the company which culminated to the final dissolution of the company. However, the worst fact was the involvement of some directors in insolvent trading which is not acceptable and is a punishable offence under the Corporations Act, 2001. The role of the directors of Dick Smith Holdings Limited in insolvent trading should have been investigated and if found guilty of such offence the guilty directors shall accordingly be punished. The directors found guilty of insolvent trading shall be personally liable to the creditors and other partiers in respect of the new debt incurred after the insolvency of the company. Thus, the directors of Dick Smith will be personally liable to make good the debts incurred by the company after the company has become insolvent (Brigham and Ehrhardt 2013). Conclusion: Based on the above discussion it is clear that the management of an organization has a huge role in the progressive development of such organization. Thus, the management should discharge its duties carefully to ensure that an organization is in the right path of achieving its objectives. The failure of Dick Smith is reminder to all of us the consequence of irresponsible behavior on the part of the management of an organization. References: Bill, A., 2016. From the Managing Partner.Newsletter. Giacalone, R.A. and Rosenfeld, P. eds., 2013.Impression management in the organization. Psychology Press. Speelman, E.N., Groot, J.C.J., Garca-Barrios, L.E., Kok, K., Van Keulen, H. and Tittonell, P., 2014. From coping to adaptation to economic and institutional changetrajectories of change in land-use management and social organization in a Biosphere Reserve community, Mexico.Land Use Policy,41, pp.31-44. Creasey, T., Jamieson, D.W., Rothwell, W.J. and Severini, G., 2016. Exploring the relationship between organization development and change management.Practicing Organization Development: Leading Transformation and Change, Fourth Edition, pp.330-337. Finkler, S.A., Smith, D.L., Calabrese, T.D. and Purtell, R.M., 2016.Financial management for public, health, and not-for-profit organizations. CQ Press. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Nowicki, M., 2015.Introduction to the financial management of healthcare organizations. Health Administration Press. McKinney, J.B., 2015.Effective financial management in public and nonprofit agencies. ABC-CLIO. Cui, X., Peng, S. and Zhou, W., 2016. Study on Legal Protection of Stakeholders After the Malicious Dissolution of the Company.Management Engineering, (23), p.141. DeTienne, D.R. and Wennberg, K., 2013. Small business exit: Review of past research, theoretical considerations and suggestions for future research. Cox, J. and Hazen, T., 2016.Business organizations law. West Academic.