Australian organisations must adopt sustainability reporting in the Essay

Australian organisations must adopt sustainability reporting in the 21st century - Essay Example Sustainability reporting in Australia is voluntary, meaning that the organizations are not bound by law to report it in their financial statements. So, the purpose of this essay is to emphasize on the fact that Australian companies should adapt sustainability reporting in the present century and to establish why and how the organizations should meet the requirements of sustainability reporting and how will it be profitable to them. Sustainability reporting involves the display of a company’s economic, social and environmental performance and its impacts through the company’s annual reports. There are various reasons as to why a company should report its performance. Sustainability reporting helps in establishing a stronger trust relationship with the stakeholders. The stakeholders view the company as being honest about their actions and performance, thus it strengthens the image of an organization as being sincere and considerate towards the environment it operates in. The key towards establishing strong relations is not to report the good part only but the discrepancies as well; it leads the stakeholders like employees to trust their employers and execute hard work to enhance the performance of the company (Blackburn, 2007). Such actions give the sense of legitimate reporting of corporate activities. This ensures acceptance by the key stakeholders of the company especially towards the management decisions and activities that may be sometimes seen as of compromising nature (Schaltegger, Bennett and Burritt, 2006). By incorporating sustainability reporting into the strategic designing of an organization, a company can link all its operations to achieve those goals that are expected of it. Various operational benefits can also be derived through implementing sustainability reporting. The various costs that are incurred because of the irresponsible use of materials

The British Prime Minister Essay Example | Topics and Well Written Essays - 1250 words

The British Prime Minister - Essay Example Apart from that, he also has patronage elsewhere such as the appointment of junior ministers The Prime Minister also chairs a number of select committees; at present the Defence and Overseas Policy Committee, the Constitutional Reform Committee, the Intelligence Services Committee and the Northern Ireland Committee. In these committees the Prime Minister has to be very influential in the determining of policies in these committees. Another function of the Prime Minister is to represent the country internationally. The queen is Britain's head of state, but the Prime Minister is Britain's de facto representative abroad. Political instinct alone seems to dictate the American president as 'the world's most powerful man' in the sense that most powerful politician in any of the world's democratic nations. He heads the world's most modern military force and the world's largest economy. In America, the president is the best known among politicians. This by itself gives him a great deal of authority as many people within their own states cannot name their own representatives in the House, Senate or governor. The title of president gives him enormous authority and power as he is the main figurehead within the whole of the massive American political structure. The British Prime Minister, in comparison, does have the same international standing as the president. In the crisis involving Iraq, the driving force behind any move against the leadership in Baghdad has been the American president, George Bush, while the British Prime Minister, Tony Blair has been referred to as clinging onto the coat tails of Bush. Britain simply does not seem to have the international standing to overtly influence policies. Such a position does not allow the Prime Minister to drive an international agenda which the US president is capable of. In this sense, the power of the US president abroad is far greater than that of the British Prime Minister. Taking domestic politics into picture, it is pretty much a reverse case scenario. Although the president can select his own cabinet with which he can work, it has to be ratified by the Senate but it does not necessarily mean that the president might have to work with people he did not initially select for his cabinet. The Prime Minister on the other hand, has no such restrictions. He selects all those people he wants for his cabinet and can remove them if they fail to satisfy his expectations and standards. He does not require consultation and approval from anybody over this though he might discuss it with an inner circle of very close colleagues. Least of all does the Prime Minister have to have his cabinet agreed to be the House of Commons or Lords. The president is not head of his party. The British Prime Minister is not only prime minister; he is also a serving Member of Parliament and head of his party. As such, he commands huge respect within that party and does a great deal to drive the policies of that party in power. With a large parliamentary majority, it is almost certain that prime ministerial policies will eventually become the actual policy and law. He is