Political Science 1, w question paper on the president and congress of Essay

Political Science 1, w question paper on the president and congress of the US - Essay Example This brief, yet concise, essay now turns to an overview of the history of the Presidency of the United States. From George Washington to Barack Obama, the Presidency of the United States of America remains the highest office in the land. As head of state as well as head of government, the President of the United States of America leads the federal government as well as the Executive branch of government. Although the election of the President is indirect in the United States and is accomplished through the Electoral College, the democratic election of the President is a traditional which dates back to the establishment of a free republic on the shores of the Americas. The Second Continental Congress following the American Revolution established a confederation system of government in which the office of a President as well as the body of Congress were created. Following the Constitutional Convention in the wake of revolution, the executive branch as created and established a series of checks and balances on the authority of the executive. Accordingly, the American system of political governa nce is predicated on the belief that there is a balance of power between the three major branches of government. Thus, in an effort to ensure that each branch is counterbalanced by the others, the Executive, Congress and the Judiciary work to ensure the smooth functioning of the legislative process in the United States. The multitude of roles played by the President have evolved and developed in tandem with the history of the United States. As commander-in-chief of the Armed Forces, the President of the United States plays the important role commanding the most important army in the history of the world. As commander-in-chief, the President can direct the armed forces but cannot declare war without the authorization of Congress. This is an important

Private Limited Companies Essay Example | Topics and Well Written Essays - 3000 words

Private Limited Companies - Essay Example This discussion gives various aspects of the Company law, the development of the private limited company and the role of the joint stock companies. Private and public companies tend to depend on economic forms of centralizing, organizing and operating capital and with the availability of the registration process from the acts of 1852 and 1882, and these companies could gain limited liability from the process. The explanation on why this has occurred could be understood on the basis of the economic circumstance following the great depression. The historical process related to the formation of companies has been related to economic changes through the great depression as well as legal procedures available. The birth of the private limited company has a long history and in the centre of such history lies technological contributions and the innovation processes of the companies, the legal structure of the time and the economic policies and effects of the market that either brought about success or failure of such limited companies. Innovation or changing certain functions and structures of an organization is viewed as a process of organizational dynamics rather than a consequence of technological developments and the focus is on corporate governance through innovation and vice versa. Freeman et al (2007) used example of the British coastal shipping companies in the early 19th century as their approach to business changed with the introduction of steam technology. The transition also brought in changes in the decision making process and there were some assumptions on shareholder involvement in this sector. Governance relations were however very important in private companies as were reso urce allocation decisions. In a study, Weir et al (2005) suggest that with poor stock market performance, companies tend to go private due to reasons of undervaluation. With management buy outs the firms are privatized due to non optimal governance structures and problems with institutional ownership (Weir et al, 2005). Existing firms with poor market valuation and with limited market pressure tend to engage in more private transactions. Providing arguments for and against privatization of companies, Sellers (2003) stated that private companies can become public agencies although these have to be in accordance with government demands and contracts. In fact the government is responsible for making suggestions and setting up the requirements and provides recommendations to private companies and this government suggestion turn private companies more like public ones2. The company managers are sometimes caught between these needs of government contracts and their own business acumen (Sellers, 2003). These are however some problems of change from private to public agency although government aid would be an advantage in this case. The stock market perf