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| Globalization of Corporate Governance - Corporate Governance on agricultural breakthrough of the challenges and
, Need to grasp the core of corporate governance, mainly in the following six aspects: first, to have a sound corporate governance, organizational structure. ... A company must not only have the management, but also have regulators, and to establish the appropriate management system to improve the organizational framework to ensure the company's high-level management level. Second, there must be a clear responsibility boundaries. What are the responsibilities such as the board of directors, management what to do, and their terms of reference to which level, must have a clearly defined, thus ensuring company policies can be executed well, and can avoid passing the buck between jobs or offside. Third, there must be a clear decision-making rules and procedures. This is a very important part of the rapid economic development in the market today, the opportunities and risks Gao phase increases,Tory Burch Shoes, how quickly changes in the market to make decisions is particularly Pu. Fourth, we must have an effective incentive mechanism with some requirements. The management and staff, not only to give full play to their initiative,tory burch shoes, but also to constrain their behavior in order to ensure the interests of shareholders, you need to complete a set of incentive and restraint mechanisms. Fifth, have a good faith color, disclosure and transparency mechanisms. Information disclosure is to shareholders, the company's transparency and timely to express the problem, which both can contribute to the norms of public scraping operation risks in response to an obvious advantage. Sixth, there must be a reasonable sense of social responsibility. Business objective of course, is to make money, but we both do the most profitable companies,tory burch flats, but also infants and do the most respected companies, it is necessary to have a reasonable sense of social responsibility companies, but also to achieve the sustainable development of enterprises. ((China National Agricultural Means: In the context of globalization, corporate governance, focusing on risk diversification. Strive to minimize risk. Let the fastest growing, Lau in this area have any suggestions? Hong Kong Chinese University Lawrence J. Lau: globalization a 1 - enterprises are facing increased competition and risk. In such circumstances' brother, the need to focus on core business competencies, and the ability to properly diversify risk. Specifically: 4O Chinese agricultural First, as enterprises should look for and focus on their core competencies above. in the development process will find many items can make money, you can not find what core competencies will not pay any more money. Second, there must be continuity investment in innovation and above. Without innovation, it is difficult to grasp the initiative in the competition, and the current rapid economic development requires continuous innovation and enterprise, so, in order to grasp the initiative of enterprise development needs to be continued investment in innovation. The third , playing the full authority of management to ensure timely decisions. face when the market changes, companies need to make a decision in the first time, we should not invest, or do this, to achieve this, the need for management to a full license. This is a difficult phase, the need for a complete framework, which allows shareholders and management is not on each other the question of contradictions. Fourth, we must learn to share and manage risk. for risk management, my suggestion is not to have too much fixed investment; avoid currency asymmetry, such as making the RMB, and foreign currency loans, as well as long-term investment, which will involve the issue of devaluation or appreciation. Southeast Asian economic crisis, many by the dollars, the investment is domestic currency, domestic currency depreciation after the currency conversion cost loans have become astronomical. China's agricultural resources: the corporate governance of Chinese enterprises to consider the situation in China. at this point for us also requested Professor Fan pointing it. The Chinese University of Hong Kong Economic and Financial Research Center, Professor Fan Bohong: Asian Development Bank that China ranked first in corporate governance, but implementation is concerned, should be the last first. So we must ask, why? problems Where? This is the Gang is, save China, such as _ Tiao you want to make money, first and foremost officials to deal with. It all made at the local implementation of corporate governance very difficult. you from San Francisco to New York, you will find the same two legal systems . but the mainland like a system more like the 31 system, and the government may not be able to fully control the province. Gang, the Government in the control of different areas of business activity, flexibility will be no indole. the company to profitability,uggs nederland, need for good relations with local officials. Therefore, the issue of corporate governance is not the only potential solution is that the business community, but also in government and economic levels. r Moderator Comments: Listed agricultural industry has become a trend, international competition is also the agricultural industry are facing problems, require enterprises not only to standardize the management, but also a reasonable response to risk is increasing. Liu President and Professor Lawrence Lau given in the corporate governance proposals, for the agricultural industry recognize the risks and in corporate governance has a very important breakthrough in H reference. J More articles related to topics： tory burch outlet Convenient And Reasonable Moving ralph lauren outlet Shanghai there are new highlig moncler outlet Applying for Financial Aid- Eligibi |
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