Global Market and Governance: Passive Index and Stewardship Companies’ Duties

by | Apr 28, 2018 | Essays

 

Paper must include both capital markets and corporate governance. We should support our paper with federal or state laws (NY State) (Stewardship Code, 401k and more) regulations, and several cases for our research paper because this is research paper for law class.

SUBJECT
Passive indexing is investing in market indexes through one of two vehicles – an ETF or index fund. In their simplest sense they are both meant to diversify, track an index, and be a low cost alternative to actively managed mutual funds.

Assume that there is an US Stewardship company (such as Blackrock Investment Stewardship) and they’re investing, managing and controlling to 7,000 companies stocks in behalf of their 8000 clients (Stocks of companies are worth 20 billion dollar). Stewardship companies generally have 50-500 employees.
The question is how the Stewardship Company and their clients enjoys and manages their fiduciary duty during managing, controlling and engaging funds, stocks, etc.? Because they have limited employees and they have so many clients, which are investors, and so many stocks to observe and manage in behalf of this clients. Is it enough to enjoy their duties via checking and observing stock market everyday and visiting clients offices and meeting with them in routine or do they need more specific performance? (Legal background, law and cases)
And also some countries require from stockholder to limited engagement like only attending annual meeting etc., whereas some of them like US requires “full time engagement” (Stewardship Code)”. If you have 7,000 companies and only 70 or 700 employees how will you be able to enjoy full time engagements?
Also, US corporations have their annual meeting on weekdays while other countries having annual meetings during weekends. Is it one of the practical consequences of full time engagement requirement? (we should answer this question in a single paragraph or two paragraphs, but no more than a page)
DO NOT FORGET, As a Stewardship Company, you should not be aggressive for executive compensation or other financial gains because all of your clients (investors) should win. You could make an investment in all companies in same sector on behalf of your clients but as a Stewardship company, your purpose is not destroying/killing companies via investing only few of them.

YOUR PURPOSE IS MAKING COMPANIES COMPETE WITH EACH OTHER AND MAKE YOUR CLIENTS RICHER via earning money.
In the paper we can develop this topic from several point of views. Those are points that professor want answer but we should also develop our research paper with other perspective/ issues etc. Also we should definitely use US Stewardship Code (2018) and 401k for legal background.
Paper Requirements
Paper Requirements
20 pages, doubled-spaced with endnotes
25 pages double-spaced with footnotes
Basic English, Proper grammar, punctuation, citation
No wholesale insertion of rule text in body of paper-
Please use an appendix
Know the difference between primary and secondary sources
Please write with passion, and take a position that you defend with empirical data and be thoughtful
It requires a thesis/argument not a mere overview of rules and regulations.
!! It must include both capital markets and corporate governance. !!!
Table of contents

Sample Solution

Sample solution

Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell. 

In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.


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God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.

Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.

To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.

 

References

Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.

Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.

Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.

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