August. 2005

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On July 7, Steele held a salon named ¡°Human Resources Risk Management¡±, attracted by which, many HR managers from various companies gathered together, discussing the problems arose out of the human resource management and exchanging ideas of protecting against the risks.

On June 28, through the recommendation of the L & A Law Firm, four students from the American law schools accepted by Steele and started their internship in China . During the one-week period, they experienced the daily work and life of the Chinese business investigators and were impressed deeply by Steele.

At the end of June, the President of Steele was invited by the postal system of Hainan Province to attend their interior training seminar held for the related administrative officials, on which, the President gave a lecture and discussed with the attendees about the business risk management.

<The Supreme People's Court Interpretation on the Matters of the Application of Law When Hearing the Contract Dispute Cases Related to the Right to the Use of State-owned Land> has come into effect from August 1, 2005.

The enforcement website of Jiaxing People¡¯s Court (http://www.jxcourt.org) has been opened to the public since July 8. The one who viciously evades or rejects the effective judgement of the court will be exposed in a ¡°blacklist¡± on the internet.

On The Second Annual Conference of ¡°China Credit Forum¡± held in Wujiang, Suzhou on July 9, many experts assimilated the credit to the life and soul of an enterprise, without which, the enterprise is just like a man suffering the rickets and the development of the awareness of credit has become an imperative subject of the enterprises.

Invested by China National Aviation Holding Company and Sumsung, the largest underwriter in Korea, Zhonghang Sumsung Life Insurance Company started its operation in Beijing on July 6 and thus became the first Korean joint venture entering the insurance market in China .

Business Secrets in the Information Environment

The business secret is now between the beetle and the block at any moment because of the complicated environment full of popularization of the e-mail, international information network, electronic commerce, as well as decreasing loyalty of the employees to their work, and increasing affairs of commercial profits gain by any kind of means.

It is the e-mail that most popularly used for impinging upon the business secrets and it has become a tool used by the enterprise and its employees to endanger the business secret intently or unconsciously during the electronic commerce. However some senior managers of the enterprise are not familiar with the e-mail and no restrictive system has been set up, which result in the increasing risk inside a company. The e-mail is used in almost every meaningful stage of the electronic commerce, for example, it is used for distributing the ads, communicating and discussing the details in the stage of offer and negotiation; used for signing the contracts and it is convenient to find the e-mail address on the parties websites; used for exchanging the invoice, bank accounts, credit card numbers and any other receipts in the stage of payment; in the stage of consignment, it can be used not only for delivering the electronic products, but also can it be used for hastening and checking the progress and thus guaranteeing the implementation of the agreement; while in the stage of after service, the e-mail is a good tool of communicating the service information, asking consumers for advice and determining the requirements and extension of the after services. During each of the above stages, the business secret is possible to be disclosed through the computer network by some immoral employees, some of who even utilize Encryption to escape from the supervision. In Chicago , there is a publication named <The Internet in Workplace>, which ever introduced the release of the business secret conducted by the employees, who in the boss¡¯s eyes, were diligent persons. Sometimes, some employees sent the trade secrets to other clients just because they pressed the wrong keys mistakenly. In addition, the business secret also can be reached through the transfer of the document by FTP, BBS, Mail-list or Telnet. As to the crimes about invasion into the computer network, destruction of the secret information, they are the formidable enemies of the business secrets and all enterprises should make adequate prevention against those network security matters.

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Once you regret buying an insurance policy although it was just purchased yesterday, how can you do? According to the related regulations, the client is permitted to have the right for cooling off period, during which the insurance company shall return the total insurance premium unconditionally.

As we know, we have to pay hundreds and even thousands of dollars for the Dread Disease Insurance. But in the event that any change in our income or some unexpected financial difficulty occurs, which results in our embarrassment of paying the premium, what shall we do? Fortunately the insurance company normally sets up a sixty-day Grace Period, during which even you do not pay the premium, if only any insurance accident happens, the insurance company still will take the responsibility while sure it will take out the related premium and interest before paying you the insurance. But you won¡¯t be so lucky any longer beyond the great period.

Designating the continuous period of time between the date a dread disease occurs and the date the benefit becomes payable while the insured person is alive, the waiting period is 3 months (some insurance companies ask 6 months). To make such a period, the main purpose of the insurance company is to seek the equitableness since some policy holders are not aware of the illness hiding in their bodies (some even intend to cheat) when they buy the medical insurance. Without the Waiting Period, the insurance company has to face the risk of paying for the huge medical expenses for the insured who suffered the illness that breaks out short after the insurance, although after a long delitescence. Actually during the Waiting Period, the insurance company is exonerated from the compensation.

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