Ontario Building Code Research Paper Example | Topics and Well Written Essays - 2750 words

Ontario Building Code - Research Paper Example In an effort to establish the need to have fire safety in modern buildings, this paper has tried to look at the changes that have been made to Ontario building part 3 of 2012. The paper has particularly focused on Division B, 3.2.4.2 that talks about â€Å"continuity of fire alarm system†. The changes have been made to foster new techniques that can be used to combat fire-related tragedies in Canada. This paper is not limited to Ontario only, in an attempt to justify the effects of the changes, the paper has touched on some locations outside Ontario that are comparable when it comes to handling the subject matter. The world is ever-changing and new techniques are applied on a daily occasion, hence developers must also come with new ways to ensure that the new techniques are handled professionally. Architects are ever on the look to come up with new innovations that would easily bridge the gap that may be causing challenges in case of fire. Since the year1976, the Ontario Building Code has established a set minimum standard for designing and constructing all new buildings and allow for alterations, additions, and change of use of already existing structures in Ontario province (International Association of Fire Chiefs., National Fire Protection Association, and Jones & Bartlett Learning. 2012). The code is a binding document used by designers, architects, engineers, builders, manufacturers, and suppliers with respect to construction which the code regulates. The aim of the code is to set specific minimum principles for construction in order to minimize risk exposure to the safety and health of the occupants of a given building and to provide for the hurdle-free accessibility into a given building and the energy efficiency of that particular building. Ministry of Municipal affairs in conjunction with Housing of the province of Ontario are held accountable for the amendment.

Latest effort at transparency just muddies water by Carolyn Pugsley Research Paper

Latest effort at transparency just muddies water by Carolyn Pugsley and Alexandra Module - Research Paper Example The article is written by Carolyn Pugsley and Alexandra Module. The main objective of the article is to state the reforms which are adopted by the federal government of Australia in order to disclose the remunerations of seniors executives of companies. This reform has been adopted by the Australian government with the intention of facilitating better transparency for shareholders with respect to the remuneration structures of senior executives. Moreover, this reform will facilitate management of companies with minimum regulatory pressure (Pugsley & Module, 2012). Accounting Theory (Part B) The appropriate theory for this article will be ‘Legitimacy Theory’. This theory states that the remuneration policy of an organisation is conducted in a legitimated manner in accordance with it the board of directors (BOD) of the organisation is required to justify that the remuneration policy adopted by them are according to the company law and Accounting Standards of Australia. Mor eover, the remuneration of BOD of organisations should be justified to the shareholders as well as society. The remuneration policy of senior executives is required to be revealed in order to ascertain that remunerations are provided in keeping with best practices under the code of corporate governance (AFAANZ, 2010). Analysis (Part C) The legitimacy theory signifies that the remuneration policy adopted by companies is in adherence with rules as well as regulations of the government. This theory also states that the financial and annual reports which are prepared by companies are in accordance with accounting standards and company law. In this similar context, the article depicts that the remuneration policy of senior executives will aid in determining that the remunerations as well as rewards which are acquired by senior executives are according to accounting standards. The theory signifies that the remuneration of senior executives should be revealed in an appropriate manner in an nual reports with the motive of depicting the performance of companies to stakeholders. Moreover, the theory assists in minimising pressure on the management as the audit committee is familiar with the regulations of remuneration policy. The article depicts that the amount of remuneration of the senior executives should be revealed in the financial statements or annual reports of companies which will signify the performance of companies among stakeholders and market segments. Companies are required to adopt appropriate remuneration policies which will be legally enacted. The article also reveals that the remunerations of the senior executive should be disclosed in order to ascertain transparency towards shareholders. Moreover, the disclosure of the remuneration policy will assist companies in better regulatory operations (Crombie, 2010). It has been observed from the article that the government of Australia has formulated policy with regard to the disclosure of remunerations of seni or executive. The policy devised by the government is perceived to be complex for auditors as the remuneration report will comprise three segments which include ‘past pay’, ‘present pay’ as well as ‘future pay’. Furthermore, annual reports of companies with excess or decreased incentives and remunerations will portray ineffective performance of companies. Companies should adopt an effective policy of representing remuneration of senior executive which can be linked with the companies’