3 At a recent international meeting of business leaders, Seamus O’Brien said that multi-jurisdictional attempts to

regulate corporate governance were futile because of differences in national culture. He drew particular attention to

the Organisation for Economic Co-operation and Development (OECD) and International Corporate Governance

Network (ICGN) codes, saying that they were, ‘silly attempts to harmonise practice’. He said that in some countries,

for example, there were ‘family reasons’ for making the chairman and chief executive the same person. In other

countries, he said, the separation of these roles seemed to work. Another delegate, Alliya Yongvanich, said that the

roles of chief executive and chairman should always be separated because of what she called ‘accountability to

shareholders’.

One delegate, Vincent Viola, said that the right approach was to allow each country to set up its own corporate

governance provisions. He said that it was suitable for some countries to produce and abide by their own ‘very

structured’ corporate governance provisions, but in some other parts of the world, the local culture was to allow what

he called, ‘local interpretation of the rules’. He said that some cultures valued highly structured governance systems

while others do not care as much.

Required:(a) Explain the roles of the chairman in corporate governance. (5 marks)

[试题](c) At a recent meeting of the board of directors, the managing director of Envico Ltd said that he considered itessential to be able to assess the ‘value for money’ of each seminar. He suggested that the quality of the speakersand the comfort of the

[单选题]Text 3 In recent years, railroads have been combining with each other, mergingsintossuper systems, causing heightened concerns about monopoly. As recently as 1995,the top four railroads accounted for under 70 percent of the total ton-miles moved by r

[试题](b) International Standards on Auditing (ISAs); and (5 marks)

[试题]3 Better budgeting in recent years may have been seen as a movement from ‘incremental budgeting’ to alternativebudgeting approaches.H．owever, academic studies (e.g. Beyond Budgeting – Hope & Fraser) argue that the annual budget model may beseen as

[试题](b) Given his recent diagnosis, advise Stuart as to which of the two proposed investments (Omikron plc/Omegaplc) would be the more tax efficient alternative. Give reasons for your choice. (3 marks)

[试题]Inrecentyearsmuchmoreemphasishasbeenput_____________developingthestudentsproductiveskills.A)ontoB)inC)overD)on

[单选题]________ late for the meetingA．Not beB．NotC．Don’tD．Don’t be

[判断题]International Commercial Terms （International Rulesfor the Interpretation o

[判断题]International Commercial Terms （International Rulesfor the Interpretation o

[单选题]______is forbidden in the meeting-room, but we are allowed in the room for smokers.A． Smoking, smokingB． Smoking, to smokeC． To smoke, smokingD． To smoke, to smoke