In 2006, plaintiffs in a derivative class action against the directors of The Boeing Company (“Boeing”), led by their counsel Labaton Sucharow, achieved a landmark settlement establishing unique and far-reaching corporate governance standards relating to ethics compliance, provisions that will also obligate Boeing to contribute significant funds over and above base compliance spending to implement the various prescribed initiatives.
In particular, Boeing’s Board of Directors will expressly undertake, through amendment of Boeing’s Corporate Governance Principles, reasonable oversight and monitoring responsibility for the implementation of Boeing’s ethics and compliance program and the effectiveness of those processes on an annual basis. The Audit Committee Charter also will be amended, including to provide for the Audit Committee to undertake responsibility for reporting no less than annually to the Board with respect to the implementation and effectiveness of Boeing’s ethics and compliance program. Click here to read more…
The total annual average water resource volume in China is estimated at approximately 2.8 trillion cubic meters, making China the fourth largest source for water in the world. However, the water resource volume per capita is 2,200 cubic meters. In this respect, China ranks 88th in the world and has only one-quarter of the global average of water per capita because of its large population. China’s forecasted population growth to 1.6 billion in the mid-21st century will decrease the per capita water resource to 1,760cubic meters, presaging serious water shortages. Read more..
The safety transformation project is the means by which we intend to achieve a step change in our safety performance and to deliver on our long-term objective of operating an accident-free business. The programme targets systemic cultural change, underpinned by a culture in which all people are treated with dignity and respect.
In implementing safety transformation, we have adopted an approach which ensures that all of the components of the project are made relevant to the business by integrating them into Project ONE. AngloGold Ashanti introduced Project ONE as a business change initiative to improve performance levels across all areas of its business operations through consistent management and systems. Click here to read more…
Study about International Law–Facilitating Transboundary Water Cooperation
Executive Summary: Trans boundary water resources contribute to the economic,social, and environmental well-being of communities around the globe.Despite their inter-connectivity (national,sectoral), challenges remain in efforts to integrate the management of water resources that are shared across national and administrative borders.
As ameta-framework for international relations, international water law provides an identiﬁable corpus of rules of treaty and customary law that determine the legality of State actions with respect to water resources that cross national boundaries. International water law provides aplat form for identifying and integrating the relevant legal,scientiﬁc, and policy issues and aspects pertaining other utilization of trans boundary watercourses. Keep reading Water Cooperation
Study about Poor Crisis Communication: Fukushima Nuclear Disaster
Synopsis: The Japanese government’s response to the nuclear disaster at Fukushima failed to observe fundamental principles of good crisis communication. It is a striking reminder that advanced planning and training of all stakeholders is necessary to face such challenges.
Commentary: In The Face of the triple disaster in northeastern Japan involving an earthquake, a tsunami and a nuclear meltdown at the Fukushima Daiichi power plant, the resilience and stoicism exhibited by the Japanese people has been much admired internationally. However, the Japanese government’s communication with respect to the nuclear accident is less commendable as actions taken seemed to run counter to core elements of good crisis communication.Admittedly, a number of systemic factors peculiar to Japan led to the government’s mishandling of its communication with the public. Keep reading…
Case Study about Deconstructing the Reforms of the Structural Funds
Abstract: This article re-assesses the multi-level governance debate and speciﬁcally the ‘renationalization thesis’, with respect to EU cohesion policy. It focuses on two of the principles of decision-making under the structural funds: concentration (decisions on where the money is spent) and programming (decisions on how it is spent). The analysis takes a longitudinal approach, examining each of the policy phases from 1988 until the recent debate on the 2007–13 period. The article concludes that the role of national governments.
Introduction: The governance of EU cohesion policy continues to be an important area for EU studies scholarship, particularly in relation to the enlargement of the EU and the launch of structural and cohesion funds programmes in the new Member States. With agreement having been reached on the budgetary and regulatory frameworks for spending in the 2007–13 period, there is an opportunity to reﬂect on what has been learnt about the respective roles of the Commission and Member States over four rounds of EU cohesion policy reform.
Introduction: The National Consumer Agency (NCA) is an independent statutory agency established under the Consumer Protection Act 2007. The Minister for Enterprise Trade & Employment established the Agency in response to the publication of a 2005 report by the Consumer Strategy Group entitled ‘Make Consumers Count’. This identified important deficiencies in the protection and promotion of consumer rights in Ireland. The powers and role of the former Office of the Director of Consumer Affairs (ODCA) are now vested in the National Consumer Agency.
Consumer law: Consumer law applies to a person who comes within the legal meaning of the term ‘consumer’. A ‘consumer’ is defined as a person who buys goods or services for their personal use or consumption. The ‘Sale of Goods and Supply of Services Act, 1980’ sets out consumers’ basic rights in respect of buying goods and services and details of its provisions are set out later in this case study. The introduction of the new Consumer Protection Act in 2007 marks the most important and comprehensive development in consumer protection law in recent decades.
A Study about Horizontal and Vertical FDI Spillovers: Recent Evidence from the Czech Republic
Abstract: This paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. Using firm level panel data from 1995 to 2003, it studies both horizontal and vertical spillovers. The study allows for the lagged nature of spillovers and pays at tention to the potential end homogeneity of FDI with respect to future industry growth. The results suggest that domestic companies are mostly suffering in the presence of foreign companies, especially in upstream sectors.
Introduction: Foreign direct investment (FDI) is a driving force of growth for every developing economy. It brings in new capital, technology, and know-how. This investment usually comes either in the form of a green feld project, where a new plant is built, and therefore a new company formed or in the form of foreign capital in°ow to an existing domestic company. In both cases, this company is typically characterized by higher productivity and competitiveness Besides these direct effects from FDI, there are also a variety of indirect effects. The entry of any company with increased productivity should naturally encourage other companies within the same sector to improve their performance and competi- tiveness.
Institutionalization of Performance Appraisal System: Maldivian Public Service
Abstract: The public sector in most countries is going through profound restructuring in the face of environmental constraints that force the sector to become more efficient and effective. In this respect, one of the most popular tools used in the contemporary reform programme is the application of performance appraisal systems. However, since appraising is considered to be a particularly controversial management practice anywhere it is being practiced, the successful institutionalization of such a system faces numerous challenges and obstacles.
Introduction: The public sector in most countries, small or big, are going through profound restructuring, trying to provide improved services while at the same time having to drastically downsize in the face of major fiscal constraints. “A significant element of such reforms in the public sector is the initiatives underway to reform public administration, to reinvent government to use a popular expression”. This process of reforming public administration is seen as necessary to meet the dual challenges of improved services with fewer resources. One of the most popular tools used for reform activities at present is Performance Appraisal Systems..
Income from employment is by far the most important source of income for the average household in most modern societies. The main components of employment income are wages and salaries paid out in cash, but according to international recommendations income from employment should also include remuneration in kind. However, many household surveys do not collect in-kind benefits frequently known as “fringe benefits”. A meta-survey conducted among 21 members of the Canberra Group showed, for example, that only about half the countries collected fringe benefits in their income surveys.
A similar survey conducted among the Members States of the European Union also showed great differences in respect to coverage of these income items (de Wreede, 1999). There is, furthermore, reason to believe that fringe benefits have become more popular in recent years (OECD, 1998). For many employers the use of fringe benefits offers a possibility to recruit and retain quality staff, while keeping pay roll costs down..
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