The concept “Lifting the veil of incorporation” essay

The concept â€Å"Lifting the veil of incorporation† essay The concept â€Å"Lifting the veil of incorporation† essay The concept â€Å"Lifting the veil of incorporation† essayBy using real life examples, discuss and explain why the concept of  «Lifting the Veil of Incorporation » is of imperative importance.Legal entity is separate, independent from its founders (the ability to own property, enter into commitments and act as a plaintiff, defendant in court). Immanent feature of independent nature of the legal entity defines limited liability of its founders: they are not liable for the obligations of a legal entity (ie, under the veil). Development and complication of civil law led to the need of development of a list of exceptions to this principle, mainly to counteract the abuse of law. This doctrine is known as the doctrine of lifting the veil of incorporation or piercing the veil of incorporation and is present in the corporate law of many countries, including France, Germany, the UK and the USA. English law is one of the most developed in this sphere. Basic principles of the indepen dence of the legal person were laid at the end of 19th century and since then they have been constantly actively developed and refined.In the UK, the concept of joint stock company, which is separate from its shareholders, was first introduced to the law by the Act of 1844 (Maltby 1998). Companies received limited liability later in 1855 (Cameron 2013). In 1862, there was adopted the first Companies Act (Pulbrook 1865), which has become a progenitor of Companies Act of 2006 (The National Archives 2007).Under the current law, companies are separate legal entities, and the responsibility of their participants may be limited (Bishop , Kleinberger 2008). That means that the company is not liable for the obligations of its members and directors, and members, as well as director – for the obligations of a limited liability company.There are few legislative exceptions to this rule. Thus, the insolvency law provides certain cases, when the director of the company or other responsibl e person may be compelled by a court to contribute to the assets of the company as a punishment for his illegal actions (Wormser 2001). In addition to regulations, rules established by case law are an important part of English law.  Content and origin of the doctrineThe doctrine of lifting the veil of incorporation admits the fundamental possibility of imposing liability for companys obligations to its controlling person. There can be an opposite situation, when the penalty for a person or entity is drawn to the assets the company under control. Sometimes shareholder himself requires piercing the veil of incorporation. This usually it concerns not obligations, but the rights of company, which shareholder wishes to have.Lifting the veil, in fact, means that for the purposes of the dispute (and only for this purpose), the Court acknowledges that the company is not separate entity from the controlling person, and attributes obligations and (or) rights of company to this person (Macmi llan 2000). However, lifting the veil is allowed only in certain exceptional circumstances, which are discussed below.Perhaps for the first time at a high judicial level the issue of removing the corporate veil was discussed in 1897 in the classical case of Salomon v A. Salomon Co Ltd from (Vast Blue Sky 2011). Majority owned 20001 share of the company, and his wife and children owed six more (under the law of time, company had to have at least seven shareholders). Despite the fact that the majority shareholder was in full control of the company (shoe factory), which later went bankrupt, the House of Lords, acting as a court of last resort, refused liquidator to entrust the shareholder liable for the debts of the company. The court took quite a formalistic position, stating that all the requirements of the law regarding the establishment of a limited liability company had been met, and the court had no right to add any additional requirements (Mann 2012).Present state of the issueS peaking about more modern precedents, we should remember the case of DHN Food Distributors v. Tower Hamlets London Borough Council (Kershaw 2002) in 1976. It was quite unusual in the sense that it controlling person of the company demanded lifting the veil. The parent company wanted to take the place of its sub-company. In this case, a piece of land in London was a subject for the compulsory buy for public needs. The land was formally owned by the company, which was part of DHN group holding company that owned grocery stores. Warehouse of DHN store was just on that land, and, by agreement with the sub-company, DHN had a right of perpetual lease. Its withdrawal led to the cessation of DHN business, and it could claim for damages if it owned the land. DHN applied to the court for lifting the veil of incorporation, referring to the fact that it completely controlled its sub-company. Namely, (1) it participated in the capital of the sub-company of 100%, (2) the directors of both compan ies were the same people, and (3) sub-company was used exclusively for holding land and did not conduct any independent activity. The Court agreed with the arguments of the plaintiff and the lifted the veil, allowing DHN receive compensation for withdrawal of the land instead of its sub-company (Dine 2005).Woolfson v Strathclyde Regional Council from 1978 was a very similar case, which ended with an opposite result (Talbot 2008). Commercial property in Glasgow, where there was a wedding dress shop, was forcibly bought for public use (highway construction). Since the case took place in Scotland, the trial courts were not British but Scottish, and the House of Lords became final authority. If the court recognized that the property belonged to the same person, leading retail business, that person would receive additional compensation for the deprivation of business. However, the plaintiff, who really controlled the whole business, organized asset ownership in a too complicated way. His share in the company, which owned real estate was 50%, while the share in the company leading business 99.9% (the remaining shares were owned by the wife of the plaintiff). Those circumstances did not allow the courts, following the logic of DHN case (it was not formal precedent for the courts of Scotland), pronounce judgment for plaintiff (Talbot 2008).In the important case of Adams v Cape Industries in 1990 (Thompson 1991), the Appeals Court considered the issue of lifting the veil of incorporation for jurisdictional purposes, ie for the purpose of determining the competent court. British company sold asbestos in the United States (before 1970) through its affiliated corporations in the United States. Subsequently, the workers of American factory sued a number of defendants including the British company for damages caused to the health of the plaintiffs when working with asbestos. Lawsuit for millions of dollars was satisfied by Texas court. However, the English court refused to enforce the decision of the American court, finding that the British company, which is not active in the USA, does not fall under the jurisdiction of the US court. And the reasons for lifting the veil (ie to make British company responsible for the obligations of American sub-company) were absent, because the affiliate in the United States was not a facade of the British company.In the same case, there was discussed the possibility of prosecution parent company to the liability for the obligations of its subsidiary on several other grounds, when the subsidiary is recognized as an agent of the parent company. Indeed, parent company is responsible for transactions made in his interest by the agent. However, you must prove the actual existence of the agency relationship, which, according to the Court, in this case has not been made. Control of one company over another does not mean the presence of the agency relationship between them. The court in this case distinguishes lifting the v eil of incorporation and imposing responsibility for subsidiary. In the latter case there is no need of deprivation status of a separate legal entity, ie the corporate veil remains in place.The present state of the doctrine of lifting the veil in England can be found in pretty exotic case of the High Court of England and Wales Hashem v Shayif in 2008 (Bainbridge 2010). It was between a citizen of Saudi Arabia and one of his wives under sharia law about real estate in England. Although the dispute relates generally to family law, it also touches issues of corporate law. The family property legally belonged to a legal entity a company in Jersey. The question was whether the wife after divorce could take that property, as if it belonged to her husband directly. The court eventually found that she could not. The main role was played by the fact that her husband owned only 30% stake in the company, and 70% were issued for his children (Mann 2012).This case describes in detail the ground s for applying the doctrine of lifting the veil of incorporation. Judge James Manby formulated the following items of the case law applicable to this case (Bainbridge 2010).Ownership and control are not sufficient criteria to remove the corporate veil.The Court can not remove the corporate veil only because it is in the interests of justice.Corporate veil can be removed only if there is impropriety.Impropriety itself is not enough. It should be associated with the use of the corporate structure to avoid or conceal liability.In order to remove the corporate veil, it is necessary to prove the presence of control, and the presence of impropriety, that is, the use of the company as a facade to hide violation of law (Gevurtz 2006).The problem of transition contractual obligationsDoctrine of lifting the veil received further development in the case Antonio Gramsci v Stepanovs (2011) (Nyombi 2014). The principle of lifting the veil of incorporation is often used for transition tort liabili ty from the company to its owner. In those cases there was an issue of transferring contractual obligations the same way. English courts have traditionally carefully treated the principle of privity of contract, according to which no one other than the parties of the contract have rights or obligations under this contract. Can a private nature of the contract be removed together with corporate veil? The courts in these two cases gave the opposite answers to this question, and ultimately it had to be addressed in the UK highest court (Nyombi 2014).The essence Antonio Gramsci v Stepanovs is the following. Latvian businessman S., being one of the directors of the Latvian Shipping Company leased the ships of his company through an offshore company, which was controlled by him and other directors of the shipping company. The offshore company accumulated profit. Subsequently, the Latvian Shipping Company initiated a lawsuit to recover lost profit. Freight agreement between shipowners and offshore companies contained prorogation clause that disputes had to be considered by the courts of England. The plaintiff appealed to the High Court to apply the doctrine of lifting corporate veil and bring to justice not only offshore companies, but also the entrepreneur based on solidarity.Judge Michael Burton determined that the removal of the corporate veil provides an opportunity to recognize an individual responsible for contractual obligations of the company he controlled. As a result, the judge found that the Latvian businessman is a party of contract signed by offshore company. The court found it possible to consider a claim for the entrepreneur, though he didn’t sign prorogation agreement (Palmiter 2006).Criminal legal contextAbove we discussed the principle of lifting the veil of incorporation only in the context of civil proceedings. Criminal cases have their own specifics. In the case of R v Seager (Bishop    Kleinberger 2012) (2009) the dispute was about whet her to consider the entire income of the company illegal and subject to confiscation income of its director, if the latter ran the company in spite of an injunction. Judge of Appellate Court Richard Aikens formulated the following specifics.In the context of criminal cases, courts have identified at least three situations when the corporate veil can be lifted. First, if the offender is trying to hide behind the corporate facade, or a veil to hide his crime and benefits from it. Secondly, if the offender commits an act on behalf of the company, which constitutes criminal offenses leading to his conviction. Third, if the transaction or commercial structures are device, cloak or sham, ie it an attempt to disguise the true nature of the transaction or structure to defraud third parties or the courts (Kershaw 2002).ConclusionDevelopment of civil law led to development of a list of exceptions to the principle that legal entity is separate and independent from its founders. This doctrine i s called lifting the veil of incorporation. It is present in the corporate law of many countries, including the UK, the USA, France, and Germany. English law is one of the most developed in this sphere. Basic principles of the independence of the legal person were laid at the end of 19th century and since then they have been constantly actively developed and refined.In the paper, we considered real life examples from the history of law and the cases of recent past. They show that the concept of  «lifting the veil of incorporation » is of imperative importance. And it is used not only in civil law, but can have criminal legal context too.

Rotate the Dandies Essay Example | Topics and Well Written Essays - 1750 words

Rotate the Dandies - Essay Example In The Picture of Dorian Gray, Lord Henry Wotton is a character known for his allegiance with immoral intentions and boundless sensual desires. Contrarily, Lord Goring in An Ideal Husband is a conservative and morally upright character devoted towards ensuring prosperity of conventional goodness in the society. Admittedly, both Lord Henry and Lord Goring play an instrumental role in influencing the dramas’ outcomes. Lord Henry employs his selfish and hedonistic personality in facilitating Dorian Gray’s downfall. On the other hand, Lord Goring takes Sir Robert out of his troubles by skillfully manipulating other characters through necessary blackmails and proper advices on wanting situations (Wilde, 36). Having acknowledged the instrumental roles played by both Lord Henry and Lord Goring, it is time to switch these two characters. There is a remote yet distinct possibility that switching of characters would lead to a significantly different ending of each play. This idea is inspired by the fact that Lord Henry has opposite personality traits compared with that of Sir Roberts. Lord Henry perpetrates immorality and selfish corruption throughout the drama, while Sir Roberts strives to ensure preservation of goodness and works towards tipping the scale to increase chances of moral ly accepted outcomes. Succeeding sections of this part conducts an informed prediction of Sir Robert’s fate in an event that Lord Henry assumed the role of Lord Goring in An Ideal Husband. In the first Act of An Ideal Husband, Sir Robert is blackmailed by Mrs. Cheveley as a means to gain Robert’s approval of her canal scheme. Sir Robert is trapped by the blackmail since failure to approve of the scheme would lead to revelation of a secret of which Mrs. Cheveley is a privy to the previously committed corrupt deed. Left with limited options, Robert decides to approve of

Review of the Separation of Powers Section of the Federalist Papers Essay

Review of the Separation of Powers Section of the Federalist Papers 47, 48, 49, 50, 51 - Essay Example This paper seeks to focus on sections federalist paper. Federalist Papers #47 In this essay, the principle of separation of power is addressed. At the time, the constitution was opposed, as it was perceived to breach separation of power. Those against asserted that the three arms of government are not adequately distinct and independent and power was irregularly distributed. Their worry was that the government would fail, and that freedom would be affected. Madison concurs with this notion on separation of power, mainly on the threat posed by unequal distribution of power. He claims that excessive authority in one branch is a recipe for authoritarian rule and it did not matter the number of men in authority. He claims that no further argument was needed if claims were objective. In contrast, he asserts that these claims lacked basis. He relies on Montesquieu, French in supporting his argument. Montesquieu relied on British constitution as his model. Montesquieu points out that the go vernment branches in constitution are not absolutely separate or distinct. British king could intervene in legislative function when signing treaties. On the other hand, the king has authority of hiring and firing judges. ... Federalist Papers #48 This essay propounds that the three branches needed not be absolutely separate and independent. It argues that each branch of government required minimum power to control the other two. Each branch is given some power by the constitution; however, it was to be controlled to avoid overexploitation of the power. He wrote that it was essential to differentiate between the three branches to be able to protect legal power vested on each branch of government. Madison concurs that conflict of interest are likely to arise due to power overlap. He states that theoretical checks expounded by the constitution are not adequate. He argues that the original drafters of republican government failed to draft laws that could check legislature. This created ways for legislature to abuse its power. He concurs that in hereditary monarchy the king is feared, likewise in direct democracies executive is feared, as legislature is ineffective in controlling powers of executive. This is because in direct democracies, the size of legislature is enormous, and power is scattered hence solving conflict is a challenge. In their envisaged government, the legislature was more likely to abuse the power as more power had been granted to it. On the other hand, legislature controlled a huge chunk of the money and controlled salaries paid to government employees. This was a recipe for corrupt dealing. In comparison presidential and judicial power was just simple and under extreme regulation. There existed no chance for the two branches to breach authority vested on the congress and any attempt was easy to detect (Project Gutenberg, 1992). Federalist Papers #49 Jefferson highlighted the

Malnutrition Disease Process Essay Example for Free

Malnutrition Disease Process Essay Causes: There is a wide variety of causes of malnutrition. An elderly person with dementia may forget to eat or to buy food. Poverty may cause a lack of food or lack of nutritious food. People in third world countries often do not have access to healthy foods. Other causes may be alcoholism, excessive dieting, throat or mouth cancer, decreased mobility, malabsorption, dialysis, fistulas, corticosteroid or oral antibiotic use, hypermetabolism, burns, trauma, or a lack of oral intake for 5-10 days for a variety of reasons. Incidence: Incidence of malnutrition in America is low, thought to be as low as 10% nationwide. Death from malnutrition in our country is extremely rare. Worldwide death from malnutrition among children under age 5 is thought to be as high as 50%. Prognosis: Prognosis is very good for patients with malnutrition in America. Most incidents are temporary and are a result of another condition. The malnutrition is very treatable with food, nutritional supplements such as Ensure, or parental feedings depending on the cause.

Nature of Logic and Perception Essay -- Logic Critical Thinking Philos

Nature or Logic and Perception Outline: 1. Definition of logic and its connection with critical thinking. 2. An everyday example is given when use of logic and critical thinking takes place. 3. Nature of logic defined. 4. Perceptual shortcuts and factors influencing it. 5. How these shortcuts affect our decisions. 6. My personal experience of perceptual shortcut. 7. What I learned from this experience. 8. Importance of logic and critical thinking. 9. Resources This paper is aimed at the relation logic has with perception. It kicks off with the meaning and process of logic and how it then relates to critical thinking. It further gives a very common example of how one makes a decision with the help of his/ her critical thinking. We then find out what perceptual shortcuts are and how they are formed and what influences it. The paper then goes on to explain in detail about an incident in my life where my perception of the situation was far from the actual reality. The paper wraps up with my final thoughts of how nature of logic affects thinking process. Webster?s dictionary defines logic as the science dealing with the principles of reasoning, especially of the method and validity of deductive reasoning. In layman?s terms, the use of logic within our thinking allows us the ability to discern and reason logically that with which we are presented with on a daily basis. It is a process of examining and evaluating any particular idea or thought, in an effort to search for the truths that allows us to better understand or identify why we think the way we do. It enables us to more effectively express our opinions and ideas or even aid in the argument of someone else?s point of view. Hence the term, Critical Thinking! It is a way in which we rationalize any given thought or idea that helps us to come to a conclusion based on the findings that support it. For instance, before heading to work you watch the news and their morning traffic update for possible accidents and road closures because you have an hour commute. On this particular morning you hear the traffic reporter mention that your daily route to work has been closed due to a huge tractor-trailer accident. Logically, and using critical thinking you are able to come up with two alternate routes for getting to work on time. Using further logic and critical... ... she only 2 years old. As I came to know the truth, I immediately apologized. We are still best friends. But since that day onwards, I learnt that ?first investigate and then poke into the matter?. I also began to be more understanding since then. I further changed my tactics and always made sure that I knew both sides of the story. The nature of logic as it relates to critical thinking, and the perceptual process have a great impact on individuals choices and decisions in life. It is important to think before you speak because you never know where miss-understanding may take you. Do not assume, but think about all of your possible choices before making a fair decision. View situations in its entirety for clearer possible outcomes. When you have exhaled all possible choices, make a final decision that makes you feel more comfortable with your decision. In the end not only will you gain knowledge, but you will also enhance your way of thinking to understand and except different people and environments. Bibliography Brewer, Bill. ?Perception and Reason?. Clarendon Press: Oxford, 1999. Pg no 288. Philosophy Lander http://philosophy.lander.edu/logic/nature_log.html

Seylan Problem in Sri Lanka

Seylan Bank Problem in Sri Lanka | NowPublic News Coverage Search Home Local Stories Stories Go Sign In Join NowPublic Truemors Sports Strange Internet Layoffs Google Help World Newsroom Culture Apple Forum Member Ranking Tech & Biz Health Drupal Tools Style Gadgets Environment Featured Tags: Automakers Tech & Biz Seylan Bank Problem in Sri Lanka Online FX Trading World's best user friendly software Join Our Newsletter for Offers www. sevenstarfx. com by Sri Lanka Army news | December 29, 2008 at 11:26 am Share: Get Published! Tell me how to get publishedSri Lanka Army news Colombo, Western, Sri Lanka 9633 views | 6 Recommendations | 47 comments Author 47 See Sri Lanka Army news' recent stories Photos There is no danger in dealing with the regulated financial sector and Central Bank have taken several steps to build confidence in Seylan Bank by bringing it under Bank of said. Ceylon, Central Bank Governor Ajith Cabraal NowPublic on Facebook Login He further said â€Å"We assure you that they can continue transactions without any danger. † According to the CSE Seylan Share Prices NowPublic on FacebookLike Confirm You like Page  · In You like Page  · In increased by 33%. Normal share prices was 20. 50 Rs and now it is 27. 00 Rs. Sri Lanka's stock market (CSE) investors have already given a shares surged LBO said yesterday. NowPublic The rain will have already washed the chalk away. Friday at 5:24pm ArtWalk Riot: Police vs Protesters over Sidewalk Chalk (Video) | NowPublic News Coverage 5,914 people like NowPublic. 5,913 people like NowPublic. thumbs-up to the regulatory action, and Seylan Yesterday 30th Decmber 2008 Central Bank appointed Mr.E Narangoda as the new Gunawardene as the new Board of Directors. Chairman of the Seylan Bank and Mr. Nihal Jayamanna,Mr. Lalith Vithana and Mr. Niyomal Seylan Bank PLC is a privately owned commercial bank in Sri Lanka brought under Bank of Ceylon (BOC) control since Yesterday 29th December 2008 by order of Central Bank Monetary board. This was taken place under Section 30(1) of the Monetary Law Act No. 58 placing it among the top 500 Banks in Asia for the past 08 consecutive years. The Bank over Central Bank of Sri Lanka. of 1949.Seylan Bank is the Sri Lanka's 2nd largest private commercial bank with Asiaweek saddled with bad debt that threatened to destabilize Sri Lanka's financial system was taken Facebook social plugin Meanwhile The Monetary Board of the Central Bank wishes to inform the public that they should continue with their normal financial transactions with Seylan Bank PLC and that the Monetary Board assures the public of the safety of deposits and the stability of the financial system. What is NowPublic? NowPublic lets people work together to cover news events around the world. ttp://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage The Central Bank appointed the government-owned Bank of Cey lon to continue business operations at the troubled Seylan Bank and removed its board of directors. The decision Central Bank said. was made because of increased deposit withdrawals and suspected liquidity problems, the Find out more â€Å"The difficulties of Seylan Bank PLC presented a potential danger to the stability of the financial system,† the statement said.Deshamanya Lalith Kotelawala, chairman of Ceylinco Group said last week he would sell his shares to repay investors in failed Golden Key Credit Card Company. Both Seylan Bank and would divest or what amount he is expecting to raise from selling his shares. Golden Key are subsidiaries of Ceylinco Group. Kotalawela did not say how much shares he Recommend this story Most Recommended Comment Comment on this story I think the media has made this a big issue .. All i can say is our Bank is†¦ Crowd Power An Employee (not verified) But the bank's CEO Ajitha Pasqual was quoted in a newspaper saying â€Å"it could be 2 3-25 percent or even more. Seylan Bank trouble started as Golden Key Credit Card Company, an unregulated firm in the Ceylinco group got into trouble as the Golden Key Credit Card Company was unable to repay its customers due to its financial instability. People who were dealing with the bank worried about the financial status of the Seylan bank following the problem with some of the financial institutions in Ceylinco group. The Central Bank said it was â€Å"discontinuing the services† of the board of Seylan Bank but retaining the current chief executive officer and employees.First Flagged at 10:46 PM, Dec 29, 2008 by Sanjay Jha These members have powered this story: Sri Lanka Army news Colombo, Western, Sri Lanka In its press release on the latest development the Seylan Bank said, â€Å"what is intended for sale are not the assets of the Seylan Bank, investments made by the bank or any shares owned by Seylan Bank. Further we wish to inform that Seylan Bank will not use the depositors’ funds to meet the obligations to Golden Key Credit card holders. † Related Stories What have the LTTE's NGO/INGO friends being doing in Sri Lanka?†¦ y chanaka The collapse of the Golden Key Company and the Problem of Seylan Bank was the first sign of international financial woes hitting the economy and Financial System in Sri Lanka. Earlier Monetary Board of the Central Bank of Sri Lanka named 6 Person carrying on finance business without authority including Sakvithi Ranasinghe(Sakvithi House Constructions (Pvt) Ltd )and Piyadasa Ratnayake (Danduwam Mudalali). Becasuse of these things Depositors trustworthy towards Financial Institutions has been diminishing and it will lead to a big crisis.Tamil Nadu sleeps while deadly serpants breed under the pillows -†¦ by chanaka Defence Website Blasts â€Å"Bbc Sinhala Service† by chanaka Deshamanya Dr. Lalith Kotalawala is the Chairman of Ceylinco Group which includes more than 100 companies was born to a rich family and his uncle Sir John Kotalawala the third prime minister of Sri Lanka. Deshamanya Dr Lalith Kotelawala stepped into The Finance Company's Chief Executiveship in the 1960's, and its dynamic transformation under his stewardship, established his credentials as one of the country's leading businessmen.His thirst for greater challenges spurred him on to diversifying into a variety of other businesses. He was Sri Lankan only businessman who had long vision about Sri Lanan Poverty crisis. Ceylinco Gramine Credit Company for the upliftment of families from the bottom up, the poorest of the poor also floated Ceylinco Agricultural Credit Company for agricultural sector assistance. He started even a banking institution to liberate poors from poverty, started a scheme to give seed capital to unemployed graduates who have no access to capital and who have no security to start own businesses.When Tsunami hit Sri Lanka Ceylinco Group helped in many ways for Tsunami victims to st art a new life also all insurance claims although none of them were covered for Tsunami could gain claims. Ceylinco Group is the leading contributor to the society and meet social responsibilities than any other throughout past 60 years. The gender gap in the world today. by gerrypopplestone Luang Prabang – A Place where Heaven meets Earth by forextrade Recommendations (6) Most recently recommended by: sathyajith Germany Hiranya Malwatta Moratuwa, Western, Sri Lanka Anonymous users (2)Seylan Bank PLC is a privately owned commercial bank in Sri Lanka, which is owned by the of Sri Lanka. Seylan Bank was incorporated in 28th August 1987 as a Public Limited Liability Company. corporate giant Ceylinco Consolidated. It has branches both in urban as well as rural areas Track this Story email story to a friend Seylan Bank established its first subsidiary, Seylan Merchant Bank Limited, in 1992. A second subsidiary, Ceylinco Seylan Developments Limited, was also established in 1992, ht tp://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]Seylan Bank Problem in Sri Lanka | NowPublic News Coverage primarily for the purpose of constructing the Bank's head office building, Ceylinco Seylan Towers. Seylan bank had 114 banking centres island wide with 3900 staff members in 2007. Special Thanks :The Associated Press LankaeNews and TNS Cyber. Alwis Reporting from Colombo Related Topics Bank of America Checking Account Free Checking CD Rates Bill Pay Certificate of Deposit Advertisement 5 0 See all footage | View Slideshow Share: email story | add to any | | facebook | stumbleuponSanjay Jha flagged this story as Eyewitness Report at 22:46 on December 29th, 2008 This is an eyewitness report from the NowPublic member Sri Lanka Army news who is in Sri Lanka reporting about this story from the on the ground. Comments (47) recommend Most Recent Most Recommended This comment thread is now closed 3 3 An Employee (not verified) at 22:25 on December 2 9th, 2008 I think the media has made this a big issue .. All i can say is our Bank is stable . But if the media keep on saying things like this definitly the customers will widthdrw their deposits . nd coz of that the bank will collapse .. We love our bank ! Long Live Seylan !! http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 1 Parakrama (not verified) at 07:43 on December 31st, 2008 An illegal detention camp that Ceylinco boss Lalith Kotalawala allegedly ran under a cover of a children`s home is now under investigation. According to the Sinhala weekly Lanka the Wattala Magistrate last week ordered that eight children in this camp be handed back to their relatives.This follows a probe that the Child Protection Authority conducted on a in this camp without in any legal basis. CPA police officer Wijesinghe Vithana conducted the inquiries. Two weeks ago, unknown persons had thrown excrem ent into Lalith interview where he praised the LTTE as genuine freedom fighters. complaint made by the Venerable Elle Gunawansa. The CPA which raided this detention camp found that tsunami orphans from the South were kept Kotalawala`s Ceylinco Insurance (Kantalay Branch) following his Gulf News Demonstrations were held in several areas against his statements on the Tigers.Ceylinco Group employees have found themselves in an embarrassing situation as a result. The company`s top executives say that this could adversely affect its business 2 2 47 Sri Lanka Army news at 23:18 on December 29th, 2008 No I think Deshamanya Lalith Kothalawala's Statement and CEO Ajitha Pasqual Statement regarding Golden Key Issue was the reason for increased deposit withdrawals from Seylan Bank. Finally Central Bank decided there may be some liquidity problems and potential danger to the stability of the financial system in Sri Lanka. 1 1 47 Sri Lanka Army news t 01:21 on December 30th, 2008 Money withdrawa ls from Seylan Bank Counters is today increased than Earlier Days. Zaviniya Dain (not verified) Dear Viewers, Our chairman Deshamanya Lalith Kotalawela is not a person like Sakvithi. Do not compare Sakvithi with Mr. Kotalawela. Seylan Bank is a bank with a heart and not allow any customer of our s to fall off. Wrongly, communicated via media gives wrong info to people and our bank customers too are withdrawing. but have Dearly loved Mr. Kotalawela any day said will not give or hidden himself for the people to be scared.As well why withdraw Central bank has given a brief statement and give the assurance to our Seylan Customers. And Mr. Kotalawela is a person who helped the needy at all times definitely seylan or his employees will not fall off. we are confident of ourself as well with our dearly loved Chairman Mr. Kothalawela So we will trouble shoot any issues which come across and build up Seylan plse do not produce bocus info dear media plzee 1 1 at 01:46 on December 30th, 2008 ht tp://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 1 Parakrama (not verified) Hi, Dear Lady, at 05:31 on January 1st, 2009 I red your letter about your Boss (Dr)I am not surprising to read that when guess what has happen with my experience and I have mentioned in my you have been well fed by working for him. I can not say any thing about Golden Key subject because I do not know what has happen really. But I can letter in another place of this column. I am sure one thing He is a â€Å"Heartless Chairman in a Bank with a Heart† He has defaulted me sum of Rs 750,000. 0 by the purchase of â€Å"Ruskin Island† and your The Finance Co. Ltd (which under his conglomerate) tried to default our legitimate commission from the sale of Property situated near Uyanwatta Lake, at Kotalawala, Piliyandala and subsiquently paid the 3% commission, Leagle Interest for three and half years, Court Charges and attorney's charges in the District Court, Colombo. If you like you can check on this and come to a final conclution about your Boss. God may Bless you! AND ONE THING THIS IS THE FIRST STEP OF THE FALL OF COGLOMARATE AND YOU WILL SEE WHAT IS GOING TO HAPPEN IN NEAR FUTURE! 1 Audrey Barber (not verified) at 01:52 on March 18th, 2009 Dear Zaviniya, Og dear child, you too been brain washed by the â€Å"Great Deshamanya† Too bad girl for you, please grow up and get out of that cocoon you are in. Try to to face the facts, so if these people to whom you seem to have a great crush on and sing hossana's too, where is Deshamanya charming wife. Oh dear don't tell she abandoned † Lion Heart† himself and ran away why? I am a depositor at Seylan Bank and i work overseas, and should my funds be stolen Beleive me lady â€Å"All hell will break lose†.I will certainly go on a rampage. Go tell your great Deshamanya to start repaying every stolen penny to each and every person he owes. Then you can start singing praises about him. Go tell you Golden Hearted Deshamany to start selling his assets and rectify the damage he has caused, and kinly ask him it is no use that he plays innocent.. No one beleives that crap which is actually bullshit. All businessmen are total knaving educated crooks give them a chance and they go berserk. Saminda Kodithuwakku–Employee from theDevelopement Bank (not verified) at 03:30 on December 30th, 2008 1 1Dear People, You all are getting this scene too badly. I know the situtation as a banker. No any customer will be affected by this situation becuase Dr. Kotelawala ,in this moment,has taken to compensate the depositors in Golden Key by selling his shares, not selling properties & others' shares. This is a good lession to other companies. I wish you-Seylan Bank, it will be the best bank of year 2009. Do not abosorb rumors, please search do things http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lan ka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 K. D Uditha pushpakumara (not verified) at 05:25 on December 30th, 2008 Dearly Mr. Lalith Kotalawala. the Bank.. I wish to the Seylan Bank and We are expecting a good news from Your†s fathfull Custormer uditha. Lankan Abroad (not verified) 1 1 at 04:06 on December 31st, 2008 Did Laith K and his clan run a â€Å"PONSI SCHEAME†? Did Lalith K and his clan do a Sri Lankan â€Å"Berny Madoff(MADE-OFF)†? Should'nt Lalith K as Chairman of th Board of Directors of Golden Key be held responsible for this Scam? Is Lalith K stupid and ignorant to go public and pass the buck on to a sacrificial lamb in Khavan P?Is Lalith K again stupid and ignorant of not knowing what assets were their in Golden Key books to support the massive LKR 26 Billion deposit liability? Is Lalith K, who has a mile long list of qualifications after his name, yet again stupid and ignorant to go public and state he was not aware of what was happening at Golden Key? Is this not cheating? Why do we have legislature in Sri Lanka to prosecute persons for criminal breach of trust? Should'nt the entire Board of Directors of Golden Key be held responsible fo this heinous crime and prosecuted for criminal breach of trust?Can some sane Sri Lankan please provide answers to this question. Another Lankan abroad (not verified) at 01:57 on March 18th, 2009 1 1 I agree with your statement 100%, however, I am a bit scared as I do have an account with Seylan. I am working overseas. I do understand that BOC has now stepped in, but still could there be any possibility that Seylan will collapse any leakage with another rotten egg planted inside to swindle the poor mans funds, from beneath the BOC administration. Sugath C. (not verified) 1 1 at 13:54 on December 31st, 2008As to my knowledge any individual or group of companies can own only15 percent of total shares of licenced commercial bank. How can Ceylinco group bypass that legislation? According to the SL press they own around 48percent of Seylan bank shares. How was it possible Parakrama (not verified) 1 1 at 05:14 on January 1st, 2009 Normal 0 false false false MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table. MsoNormalTable {mso-style-name:†Table Normal†; http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage so-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-para-margin-bottom:. 0001pt; mso-pagination:widow-orphan; fontsize:10. 0pt; font-family:†Times New Roman†; mso-ansi-language:#0400; msofareast-language:#0400; mso-bidi-language:#0400;} A Philanthropist, one of the richest man in the Country, and a patriot of the a goat skin. mso-style-parent:†Ã¢â‚¬ ; mso-padding-alt:0in 5. 4pt 0in 5. 4pt; mso-para-margin:0in; country, Saviour of the nation! But v ery few people know he is a wolf covered with This is to reveal himself, who he is, to the people who do not know the truth.The two incidences explain his indecency, and ungrateful attitude to the poor people. Me, the writer of this article has been played out by so called â€Å"DESHAMANYA† in two different times. I am the Real Estate Broker who promote the selling of property â€Å"Ruskin Island at Bolgoda Lake, Moratuwa. One fine day I met â€Å"DESHAMANYA† at his office at Fort (in front of Hotel Continental) 3rd floor after a greatest difficulty and waiting in the list for one full month. And I submit the necessary site plan of â€Å"Ruskin Island† and other relevant details to consider of purchase.And we had a nice chat and he was kind enough to receive me in his office for a period of 15 minutes. One month after he sent me a letter saying that he has consulted in Managers and this island is suitable for a Hotel Project and therefore he is not interested i n purchasing this property, which price has marked as one million Dollars (Equal to Rs 50 Million according to the foreign exchange rate at that time) After some times I heard the â€Å"Ruskin Island† has been sold and I made my investigation and found Our â€Å"DESHAMANYA† has bought for Rs. 25 Million from the seller.Normally it is not in practice in Sri Lanka to provide a whole list of customers who have been introduces any property. Specially someone issue a letter and mentioned that he is not interested and we would not submit his name or an identity to the owners of the respective property. Knowing all the factors I wrote a letter to So called â€Å"DESHAMANYA† and pleaded to looking to this matter and asked him to compensate my legitimate commission 3% which I could not claim from the seller’s due to the hidden transaction initiated by â€Å"DESHAMANY â€Å" and the seller.Now â€Å"so called â€Å"DESHAMANYA† should have inform me in tim e since I was the respective introducer to claim the commission which he never did it. When I inform him, his inability of informing me that I have to incurred a loss of Rs. 750,000. 00 and emphasize the his negligence of ethics of business, he sent me a reply saying that he has conclude the transaction with the sellers directly and since my name has not come up during the transaction and discussions he could not do any thing and he denied to pay anything or stated that he has finished the transaction and nothing can be done for this.Normally when his company buy a property they pay 1% of the total value. He didn’t let me receive my legitimate commission from the seller or even 1% which his company pays once they buy a property. And he was not kind enough to identify my efforts of selling the property and he left me on the lurch by transacting secretly. When I demand money his Attorney has send me a threatening letter saying that they will go to the law of court against me if I bother â€Å"DESHAMANYA† any more. That is how he conducts real estate business with brokers. Second incident was a Court Case.I was working with a friend of mine called Mr. Adhikari from Athurugiriya and one of my clients wanted a property in a water front location around Cololmbo. One day there was an advertisement in the news paper and state a availability of property facing â€Å"Uyanwaththa Lake† @ Kotalawala Piliyandala. I spoke to the http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage advertiser (The Finance Co. , Ltd) and found the location went there and discussed about the terms & conditions.They promised us and to pay 3% of the total sale value and we offered My client Mr. Ishara Nanayakkara and he liked the place and wanted to purchase. The Company gave me a promising letter to pay 3% and I introduced Mr. Nanayakkara as purchaser. After that negotiations were going on and all over suddenly the transaction concluded secretly and sold it for Rs. 21 pay 3% commission , Interest for 3 ? years, Court charges and Attorney’s three and half years to get a verdict and we won the case and Company had to Million and neglected to pay our commission and we went to courts. And it took charges respectively in District Court.NOW YOU WILL REALISE WHO IS SO CALLED DESHAMANYA AND HIS CONGLOMARATE AND HOW THEY MINTING MONY BY DEFAULTING POOR PEOPLE. THIS IS ONLY TWO INCIDENTS AND THRERE ARE KEEP IT UNDISCLOSE! INVAIN POOR PEOPLE!! Ramani Viswanath (not verified) at 06:53 on January 1st, 2009 THOUSANDS DEFAULTS WHICH HAS NOT COME FORWARD AND MOST OF VICTIMS 1 1 First of all, the Finance Director of Golden Key Group to be punished. He is running a collage (Vidhura Collage) and his friends and relatives running independent companies under Golden Key Group (Udaya Dharshana Rajapakse Chief Operating Officer – Golden Key Consumer Products Ltd, Mr.Bi mal Mudalige – Ceylinco Consumer Electronics). Obviously, finance for all these companies were diverted from investor funds of Golden Key Credit Card. Government should immediately attach properties of Mr. Saradha Sumanasekara, the Finance Director of Golden Key and put him behind bar for fraud. Manohar Arasu (not verified) at 08:06 on January 1st, 2009 1 1 There were lot of depositors funds diverted to several companies run by Finance Director. These companies were incorporated just to give employment to Finance Directors friends and relatives.Executives of these companies travel overseas extensively only to claim US$250 per day. Some of the employees (with â€Å"O† level education) visit China,Singapore,Bangladesh and Australia to claim overseas allowances. Absolutely, there were no control of mis-use of money in Golden Key. My close relative is employed with Golden Key and these inside information is available since very long. The government should immediately attac h properties of all the Directors of Golden Key and the business run by them. It is also known to everybody that Finance Director of Golden Key is running a collage called Vidura Collage. enganath (not verified) 1 1 at 03:09 on January 26th, 2009 you are the one who was thrown out of GK, due to fraud, so no point talking 1 1 Ajith Gunawardena (not verified) at 06:31 on January 2nd, 2009 The Finance Director of Golden Key is reachable at the below address for any information with regard to position of depositors money. Mr. Saradha Sumanasekara-Group Financial Director, Home Adderss:924/15A,Udawththa Road, Malabe. Mobile: 072-2251504 Office Address: The Golden Key Credit Card Company Limited Ceylinco Centre, 2 R. A. De Mel Mawatha, Colombo – 04. Sri Lanka.Tel : +94 74 523700 / +94 1 2591748 Fax : +94 1 2502424 / +94 74 519721 E-mail: [email  protected] co. uk [email  protected] com He is alsos contactable at ; http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lank a[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 22, Kirimandala Mawatha, Nawala, Rajagiriya. Sri Lanka. 011 2 866 238 Telephone 011 4 404 260 Fax 011 2 871 861 1 1 Manohar Arasu (not verified) at 12:11 on January 2nd, 2009 Why not government attach properties of Mr. Khavan Perera and Saradha Sumanasekara, the main culprits in the scam ?These two high flying executives must have diverted funds to their friends and relatives. It is appeard in print government should put them behind bar without bail. Nobert Appuhami (not verified) at 19:08 on January 2nd, 2009 media couple of days back 150 Million rupee is credited to one of the female staff of Golden Key working under the Finance Director ! This is the high time 1 1 There is talk going on within Golden Key that Group Finance Director of Golden Key invested heavily in real estate and purchased an independent villa in Italy where his sister is living. He also own Vidura College and overnment should inv estigte where all the investor funds has gone. Kumar Wickramasinghe (not verified) at 20:50 on January 2nd, 2009 1 1 Ceylinco Consumer Electronics and Golden Key Consumer Products are companies under Golden Key Group headed by close friends of Golden Key Group Finance Director. It is an open truth that the Group Finance Director mis-used investor funds and even running a college (Vidura College). Ano (not verified) 1 1 at 01:43 on January 4th, 2009 Please be kind enough to pay atleast some kind of amount to large depositers too . since they have deposit all their money trusting you Mr.Kothalawala. I sold my house and depositted all my money in your company. Please help us to live†¦. 007 bond (not verified) 1 1 at 05:33 on January 8th, 2009 if you have invested with seylan think twice before you make a decision. What we have heard is that Mr Kotalawala has pumped out a huge sum of public funds in the recent past mainly to singapore and also to fund group companies. Also he has a pproved massive loans to group companies from the bank. If the repayment of those loans fall into arrears , god knows what will happen to the depositors. piyadasa boy (not verified) 1 1 at 05:45 on January 8th, 2009 hamunge salli thamunta watinawanam karunakara deparak hithanne nethuwa fitch ratings top Commercial hari HNB hari bank ekakata ikmanatama maaru karaganna. Pramadaya pasutheweemat mulaki. Keeping your funds @ Seylan Bank @ this moment is like eating Curd with a Razor blade !! Truly kalinga silva (not verified) 1 1 at 17:53 on January 8th, 2009 you are right piyadasa boy. I will withdraw all my funds today. Also i will update my friends as well. Thanks for the information. http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 Mrs weerakoon (not verified) at 18:02 on January 8th, 2009 when i went to seylan bank to withdraw my deposits, the lady who was handling deposits asked me à ¢â‚¬Ëœ ai salli ganne ? Bankuwa weten ne ! Bayadha bankuwa wetei words might work. But rather than worrying about a bank i have other work to attend. Its my money after all i have the power to do what ever i want from it. Who knows whether Seylan would end up like Golden key ? PQR (not verified) kiyala ? Central bank eka kiyala thiyanawane weten ne kiyala ! Well for some these 1 1 at 01:06 on January 11th, 2009 May God help all those who are been affected !!!! a s sampath (not verified) 1 1 at 23:46 on January 15th, 2009 tha was a big problem in srilanka 2 2 47 Sri Lanka Army news at 01:45 on January 16th, 2009 Ceylinco Chairman Lalith Kotelawala and the Golden Key Credit card company board members were today named â€Å"suspects† by the Mount Lavinia Magistrate courts in the credit card scam and ordered to give statements to the CID on January 20. 2 2 Appuhamy (not verified) at 21:51 on January 21st, 2009 I understand that majority of Golden Key depositor funds are shared be tween Khavan Perera and Saradha Sumanasekara (Golden Key Finance Director).It is learnt that lot of money has already taken out of Sri Lanka. Government should atleast now attach the properties of these people including Vidura College where Saradha put several million rupeese and he is the finance director so that the poor investors will not suffer. 007 Bond (not verified) 1 1 at 00:01 on January 23rd, 2009 Seylan bank has to spend millions for month to maintain their top management ( Gm,Sdgms, Agms ) even BOC or PB does not have this much of top managers. At this juncture i suggest to minimize any unwanted wastage bank funds since it too will effect banks current position. 2 next †º last  » This story was created over 3 months ago, the comment thread is now closed. in Sri Lanka, Tech & Biz, quot Sri lanka Colombo, seylan_bank_trouble, seylan_bank_problem, central_bank_sri_lanka, bank_of_ceylon_and_seylan Contact Blog FAQ Media Inquiries Examiner. com Copyright Privacy Terms of Use Code of Conduct Jobs http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]

My Personal Philosophy Of Nursing - 949 Words

My Personal Philosophy of Nursing My inspiration to pursue a career in Nursing began at a young age, after reading the biography of Florence Nightingale. I was in middle school, and intrigued at her courage, and dedication to care for the sick. As I entered college, and into a formal nursing education program, I still viewed nursing as, the care provided to another in need. Without my knowing, I was developing a philosophy of nursing for myself. As the years passed, I began to realize that nursing encompassed much more than caring for the sick. I began to learn that nursing, as discipline, had much more responsibility. According to the International Council of Nurses, â€Å"Nursing encompasses autonomous and collaborative care of individuals of all ages, families, groups and communities, sick or well and in all settings. Nursing includes the promotion of health, prevention of illness, and the care of ill, disabled and dying people. Advocacy, promotion of a safe environment, research, participation in shaping health policy and in patient and health systems management, and education are also key nursing roles.† This paper will explore my own personal philosophy of nursing, and the shared beliefs, values, and theories that were instrumental in my decision to pursue a career in nursing (www.icn.ch). As stated earlier, the foundation for my philosophy of nursing is caring, and compassion for patients, but also includes honesty, and respect for the beliefs and values ofShow MoreRelatedPersonal Nursing Philosophy : My Personal Philosophy Of Nursing1475 Words   |  6 PagesPersonal Philosophy of Nursing When one thinks of a nurse they often think of a caring, compassionate, knowledgeable individual. They don’t often think that every nurse comes from different situation, past experiences, and life changing events that make nurses who he or she is. Everyone on this earth is unique and has something to contribute. 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In simpler terms, philosophy is your worldview and thought process of life. Our philosophy transcends into our beliefs and values’, examining our philosophy allows us to discover what is important to us and helps define priorities and goals (Meleis, 2012, p.28). Being aware of our philosophy creates individuality in each personRead MoreNursing Philosophy : My Personal Philosophy Of Nursing932 Words   |  4 PagesMy Philosophy of Nursing My personal philosophy of nursing began at an early age watching my mother volunteer for 25 years on the local rescue squad, following in the footsteps of her mother. I learned that helping others in a time of need should always be a priority. Respect and dignity should always be shown to people, no matter the who they are or where they are from. I have and will continue to show compassion for others while administering professional holistic care, guided by the AmericanRead MoreMy Personal Philosophy Of Nursing1304 Words   |  6 PagesMy Personal Nursing Philosophy A nursing philosophy is concepts or values that a nurse embraces within his/her practice and allows these concepts and values to shape the way he/she practices nursing and drives the purpose of their nursing care. It is important for each nurse to develop his/her philosophy of nursing to be a purpose driven nurse. Each nurse will have his/her own nurse philosophy because each believes differently. Nursing philosophies might come from different understandings butRead MoreMy Personal Philosophy Of Nursing1053 Words   |  5 PagesThis aforementioned are the podium upon which the value and philosophies of the success of each profession is based. These philosophies and values do not operate in a vacuum. They influence the way which professionals carry out their day to day activities for maximum success. Consequently, Nursing and Nurses are not immune to the great influence of values and philosophies, be it at personal or corporate levels. This is because, nursing as a profession d eals with the constant interaction with patients;Read MoreMy Personal Philosophy Of Nursing1676 Words   |  7 Pagesfamous philosophies and a personal nursing philosophy is presented, including the personal definitions of the four phenomena of nursing namely person, environment, health, and nursing. The said philosophy will then be compared to other professionally-acclaimed philosophies. Included in the discussion is the importance of a nurse’s role in providing health care to persons, family, and the society and how it is able to address problems in the face of cultural and spiritual differences. Personal PhilosophyRead MoreMy Personal Philosophy Of Nursing1081 Words   |  5 PagesRunning head: PERSONAL PHILOSOPHY OF NURSING 1 PERSONAL PHILOSOPHY OF NURSING 6 Personal Philosophy of Nursing Caroline Thiongo BSN V Millers College of Nursing Abstract This paper explores my personal nursing philosophy that I will convey in my career of nursing. It is my belief that nursing is a commitment to public service and a desire to help those in need. Nursing is a discipline of knowledge acquired both through formal education and through life experiences. The sum of these parts continuesRead MoreMy Personal Philosophy Of Nursing1330 Words   |  6 PagesMy Personal Philosophy of Nursing The purpose of this essay is to depict the personal philosophy of nursing and any future aspirations I have acquired in my first semester of nursing school. Before I can create my own philosophy of nursing, I must first understand and define what philosophy is and how it relates to nursing. According to  the Oxford Dictionary, philosophy is â€Å"the study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline†Read MoreMy Personal Philosophy Of Nursing1289 Words   |  6 Pagesalways been my driving force in life and my approach to nursing. This paper aims at talking about my personal philosophy of nursing; a profession I am looking forward to. First, I will base my personal philosophy of nursing on four of the nursing theorists who have added more meaning to my understanding and appreciation of the profession. I will equally mention the driving philosophy of the Santa Fe Community College Nursing Department. According to the American Nurses Association, â€Å"Nursing is the protection