The Dutch Standardization Institute(NEN) has initiated the establishment of a European technical committee(CEN/TC 474) that will develop European Standards across the CCUS(carbon capture, utilization and storage) valu...The Dutch Standardization Institute(NEN) has initiated the establishment of a European technical committee(CEN/TC 474) that will develop European Standards across the CCUS(carbon capture, utilization and storage) value chain. With broad participation from CEN Members and European organizations, the committee kicked off in Brussels and finalized its scope and first work programme.展开更多
In order to further strengthen the construction and improvement of villager autonomy system with democratic election,democratic decision making,democratic management,and democratic supervision of rural two committees ...In order to further strengthen the construction and improvement of villager autonomy system with democratic election,democratic decision making,democratic management,and democratic supervision of rural two committees with Chinese characteristics,experience of work team of Longyang District Agricultural Technology Extension Station dispatched to villager committees( or offices) and their guidance on election of rural two committees in 2007-2016 were used,and exploration was made for election of rural two committees from the third to the sixth committees. It summarized achievements and main problems in election of rural two committees and came up with pertinent recommendations.The results of this study are expected to provide certain reference for theory and practice of future villager autonomy.展开更多
To be successful in global markets, companies from the emerging countries need the approval of foreign investors and other stakeholders. In this regard, Brazil, Russia, India, and China (BRIC) have progressively str...To be successful in global markets, companies from the emerging countries need the approval of foreign investors and other stakeholders. In this regard, Brazil, Russia, India, and China (BRIC) have progressively strengthened their corporate governance rules to help their companies overcome the competitors from the old industrialized countries. Directors' non-executive qualification, independence, and professional expertise represent basic requirements for effective corporate governance, so they should be carefully considered to guarantee a proper board composition and an adequate establishment of internal committees in listed companies. The paper intends to compare the legislative and regulatory frameworks adopted by the four countries; then it aims at answering to the following research questions by means of an empirical investigation: Have BRIC companies appointed non-executive and independent board members? What do BRIC companies do in order to assure an effective participation of non-executive and independent board members to corporate governance activities? Have BRIC companies established internal committees? The research examines the appointment of non-executive directors and independent directors to the boards of 100 BRIC leading firms, as well as their involvement in internal committees focused on matters requiring motivated and impartial opinions. Although the laws and recommendations seem to favor a general convergence of corporate governance principles among the four BRIC and towards the international best practices, some differences and peculiarities emerge from a firm-level perspective. Indeed, the Indian and the Chinese companies analyzed appear more inclined than the Brazilian and the Russian ones to reassure their international stakeholders about board independence and effective committees.展开更多
This study examines whether audit committees are associated with improved financial reporting quality for a sample of Nigerian listed companies prior to and after a corporate governance code mandated new regulations f...This study examines whether audit committees are associated with improved financial reporting quality for a sample of Nigerian listed companies prior to and after a corporate governance code mandated new regulations for audit committees in 2003. Using a sample of 70 companies listed on the Nigerian Stock Exchange, this study uses archival data in the form of companies' annual reports to measure the association between audit committees and improved financial reporting quality. Dechew and Dichev (2002)'s model was used to measure earnings as a proxy for financial reporting quality. The results indicate that formation of audit committees was positively associated with improved financial reporting quality. It was also found that audit committees having an independent chair and audit committee expertise were positively associated with financial reporting quality. Other audit committee characteristics examined were found to be insignificantly related to financial reporting quality.展开更多
China's supervisory mechanism is peculiar in that it integrated the supervisory board (SB) of the German corporate governance (CG) model in 1993, and has simultaneously adopted the audit committee (AC) of the A...China's supervisory mechanism is peculiar in that it integrated the supervisory board (SB) of the German corporate governance (CG) model in 1993, and has simultaneously adopted the audit committee (AC) of the Anglo-American model since 2002. This paper aims to reveal the effectiveness of SBs in coordination with ACs in China. The regulations for Anglo-American and Chinese systems are compared and further evidence is provided through interviewing two governors of all listed companies in the SSE and of 79 investment corporations in Hangzhou. Both statements indicate that China still faces difficulties and problems in meeting the two indexes of independence and expertise of supervision to give effective supervisory functions. Both opinions differed in terms of the co-ordination of SBs and ACs in the future. The evidence presented forms a basis for proposals of how key characteristics of effectiveness and co-ordination can be improved to make supervisory functions in China more effective.展开更多
In December, 2004, the Standardization Administration of China (SAC) has approved the establishments of three National Standardization Technical Committees. They are the National Standardization Technical Committees f...In December, 2004, the Standardization Administration of China (SAC) has approved the establishments of three National Standardization Technical Committees. They are the National Standardization Technical Committees for Environmental Protection Products (SAC/TC275), for Safety Management of Agricultural Transgenic Biology (SAC/TC276) and for Testing of New Varieties of Plant (SAC/TC277).The National Standardization Technical Committee for Environmental Protection Products is responsible for the development and revision of national standards in the following fields:展开更多
This paper introduces the operation model of "rule by three committees", including the members of "three committees", functional constitution of "three committees", and relationship betwe...This paper introduces the operation model of "rule by three committees", including the members of "three committees", functional constitution of "three committees", and relationship between restriction and coordination of "three committees". By referring to the villagers' self-governing system in China, and the relevant provisions in Constitution and Village Committee Organization Law, we take into account the legitimacy of "rule by three committees". In terms of the details of system design, we perfect the new model of "rule by three committees" as follows: make the conditions of holding office stringent and ensure the quality requirements of members of "three committees"; standardize the procedures of election, and guarantee the equitable election of members of "three committees"; perfect dismissal procedure, and strengthen the supervision on members of "three committees".展开更多
The report to the 18th National Congress of the Communist Party of China (CPC) called for improving the grassroots autonomy mechanism led by grassroots Party organizations; paying more attention to enriching democra...The report to the 18th National Congress of the Communist Party of China (CPC) called for improving the grassroots autonomy mechanism led by grassroots Party organizations; paying more attention to enriching democracy, improving the democratic system to ensure people's democratic elections, democratic decision-making, democratic management and democratic supervision;展开更多
It is already five years since the 10-year-old experimental law on the organization of villagers committees adopted in November 1987 by the Standing Committee of the National People’s Congress was made permanent, end...It is already five years since the 10-year-old experimental law on the organization of villagers committees adopted in November 1987 by the Standing Committee of the National People’s Congress was made permanent, ending an intense political debate about how much independence villagers committees should be given to manage village affairs and to what extent villagers should be allowed to choose their leaders. It is five years in which the implementation of villagers autonomy as defined by the law proceeded the fastest and the achievements were the most fruitful. Local laws Over the past five years, all places展开更多
文摘The Dutch Standardization Institute(NEN) has initiated the establishment of a European technical committee(CEN/TC 474) that will develop European Standards across the CCUS(carbon capture, utilization and storage) value chain. With broad participation from CEN Members and European organizations, the committee kicked off in Brussels and finalized its scope and first work programme.
基金Supported by Reform and Construction Subsidy Project of National Grassroots Agricultural Extension System[Guo Fa(2006)30Yun Zheng Fa(2007)85]+1 种基金Project for Construction of Modern Agricultural Rice and Maize Industry Technology System in Yunnan Province[Yun Nong Ke Zi(2009)53Yun Cai Nong(2009)171]
文摘In order to further strengthen the construction and improvement of villager autonomy system with democratic election,democratic decision making,democratic management,and democratic supervision of rural two committees with Chinese characteristics,experience of work team of Longyang District Agricultural Technology Extension Station dispatched to villager committees( or offices) and their guidance on election of rural two committees in 2007-2016 were used,and exploration was made for election of rural two committees from the third to the sixth committees. It summarized achievements and main problems in election of rural two committees and came up with pertinent recommendations.The results of this study are expected to provide certain reference for theory and practice of future villager autonomy.
文摘To be successful in global markets, companies from the emerging countries need the approval of foreign investors and other stakeholders. In this regard, Brazil, Russia, India, and China (BRIC) have progressively strengthened their corporate governance rules to help their companies overcome the competitors from the old industrialized countries. Directors' non-executive qualification, independence, and professional expertise represent basic requirements for effective corporate governance, so they should be carefully considered to guarantee a proper board composition and an adequate establishment of internal committees in listed companies. The paper intends to compare the legislative and regulatory frameworks adopted by the four countries; then it aims at answering to the following research questions by means of an empirical investigation: Have BRIC companies appointed non-executive and independent board members? What do BRIC companies do in order to assure an effective participation of non-executive and independent board members to corporate governance activities? Have BRIC companies established internal committees? The research examines the appointment of non-executive directors and independent directors to the boards of 100 BRIC leading firms, as well as their involvement in internal committees focused on matters requiring motivated and impartial opinions. Although the laws and recommendations seem to favor a general convergence of corporate governance principles among the four BRIC and towards the international best practices, some differences and peculiarities emerge from a firm-level perspective. Indeed, the Indian and the Chinese companies analyzed appear more inclined than the Brazilian and the Russian ones to reassure their international stakeholders about board independence and effective committees.
文摘This study examines whether audit committees are associated with improved financial reporting quality for a sample of Nigerian listed companies prior to and after a corporate governance code mandated new regulations for audit committees in 2003. Using a sample of 70 companies listed on the Nigerian Stock Exchange, this study uses archival data in the form of companies' annual reports to measure the association between audit committees and improved financial reporting quality. Dechew and Dichev (2002)'s model was used to measure earnings as a proxy for financial reporting quality. The results indicate that formation of audit committees was positively associated with improved financial reporting quality. It was also found that audit committees having an independent chair and audit committee expertise were positively associated with financial reporting quality. Other audit committee characteristics examined were found to be insignificantly related to financial reporting quality.
文摘China's supervisory mechanism is peculiar in that it integrated the supervisory board (SB) of the German corporate governance (CG) model in 1993, and has simultaneously adopted the audit committee (AC) of the Anglo-American model since 2002. This paper aims to reveal the effectiveness of SBs in coordination with ACs in China. The regulations for Anglo-American and Chinese systems are compared and further evidence is provided through interviewing two governors of all listed companies in the SSE and of 79 investment corporations in Hangzhou. Both statements indicate that China still faces difficulties and problems in meeting the two indexes of independence and expertise of supervision to give effective supervisory functions. Both opinions differed in terms of the co-ordination of SBs and ACs in the future. The evidence presented forms a basis for proposals of how key characteristics of effectiveness and co-ordination can be improved to make supervisory functions in China more effective.
文摘In December, 2004, the Standardization Administration of China (SAC) has approved the establishments of three National Standardization Technical Committees. They are the National Standardization Technical Committees for Environmental Protection Products (SAC/TC275), for Safety Management of Agricultural Transgenic Biology (SAC/TC276) and for Testing of New Varieties of Plant (SAC/TC277).The National Standardization Technical Committee for Environmental Protection Products is responsible for the development and revision of national standards in the following fields:
文摘This paper introduces the operation model of "rule by three committees", including the members of "three committees", functional constitution of "three committees", and relationship between restriction and coordination of "three committees". By referring to the villagers' self-governing system in China, and the relevant provisions in Constitution and Village Committee Organization Law, we take into account the legitimacy of "rule by three committees". In terms of the details of system design, we perfect the new model of "rule by three committees" as follows: make the conditions of holding office stringent and ensure the quality requirements of members of "three committees"; standardize the procedures of election, and guarantee the equitable election of members of "three committees"; perfect dismissal procedure, and strengthen the supervision on members of "three committees".
文摘The report to the 18th National Congress of the Communist Party of China (CPC) called for improving the grassroots autonomy mechanism led by grassroots Party organizations; paying more attention to enriching democracy, improving the democratic system to ensure people's democratic elections, democratic decision-making, democratic management and democratic supervision;
文摘It is already five years since the 10-year-old experimental law on the organization of villagers committees adopted in November 1987 by the Standing Committee of the National People’s Congress was made permanent, ending an intense political debate about how much independence villagers committees should be given to manage village affairs and to what extent villagers should be allowed to choose their leaders. It is five years in which the implementation of villagers autonomy as defined by the law proceeded the fastest and the achievements were the most fruitful. Local laws Over the past five years, all places