December. 2005
　

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According to the requirements from the clients, Steele improved the contents of the service and exploited a new service, Office Environmental Security Audit. For details please refer to the following web site: http://www.sbcs.com.cn/chinese/mai.htm.

In order to enhance the communication with our clients, Steele is actively editing the <Steele Annual>, which can bring them more about Steele and our Risk Control Service.

The application and approval procedure of “Steele Scholarship” for the 2005-2006 academic year in Law School of Peking University has finished on November 10, 2005.

The twenty-ninth article of Suggestion Draft on Modification of <Administrative Procedure Law of the People’s Republic of China > definitely prescribes the System of Administrative Public Interest Litigation. It is the first time to try to write The System of Administrative Public Interest Litigation in our country’s law. The Modification Draft definitely prescribes that procuratorate is the main body to institute administrative public interest litigation.

From January 1, 2006, the new <Securities Law> will replace current <Securities Law>, which has been carried out for six and a half years. The current <Securities Law> was carried out on July 1,1999, including 214 provisions in total. Compared with current <Securities Law>, there are about 40% provisions have been modified in the new <Securities Law>.

Chinalife Insurance Company Ltd. Has signed the “Agreement On Comprehensive Business Cooperation” with Bank of East-Asia. Thus, Bank of East-Asia became the first bank insurance from Hong Kong and Macao on behalf of Chinalife in Mainland China , and as well as the Insurance Agent. It was also the first cooperation between the biggest life insurance company in Mainland China and the biggest bank invested by Chinese in Hong Kong .

“The 2nd China International Credit and Risk Management Conference” will be held on December 7 in Shanghai , which is organized by China Council for the Promotion of International Trade (CCPIT), and Finance, Credit and International Business (FCIB).

Dalian City will carry out a system for governing the security and credit of medical instruments in different categories in medical treatments. According to the law of intendance and administration in leechdom and medical instrument, the grade of security and credit was divided into four levels, which were keeping faith, caution, breaking faith, strictly breaking faith. The medical treatments which were recognized to be the level of “breaking faith” or “strictly breaking faith”, would be published by related department 

How To Avoid Risk In Subcontract of Human Resource Management

　

Along with the expanded business and scale, enterprises are facing with more and more challenge and pressure in Human Resource Management. Operation departments always complain that there are not enough persons, as well as complain about low salaries, unreasonable dividend. So it is difficult for owners to assess whether the staffs try their best on work. These problems are frequently facing by many private enterprises in the progress of its development. Accordingly, most enterprises decide to carry out the subcontract of Human Resource Management. But enterprises should pay attention to avoid the risk of subcontract.

Firstly, the subcontract of Human Resource Management is not a blindness action, but a manner of management in solving actual problems. Therefore, enterprises need to analyze their advantages and disadvantages, then they can make a decision on whether to do the subcontract action.

Secondly, it is very important to select a cooperation partner. Enterprises need an effective channel to collect some materials on cooperation partners, including their company history, successful experience, long-term cooperation associates and etc, and to select a proper cooperation partner based on its demands. Meanwhile, it is necessary to verify with the local Administration For Industry and Commerce to check whether the potential cooperation partners have any derogatory record, as well as interview clients of the potential cooperation partners for mastering their service quality, or visit them for evaluating their due diligence status and service ability.

Thirdly, the project of Human Resource Management must combine with the characteristic and culture of enterprises. A good project may fate to failure if which doesn’t implement in accordance with enterprises’ culture. So enterprises’ culture occupies an important position in the project, and the risk may occur if ignores enterprises’ culture, otherwise it may bring a power in implementing the project in enterprises.

Fourthly, enterprises should train for the staffs to understand and comprehend about the project of Human Resource Management.

Finally, enterprises should also strengthen the protection on important commercial secrets because many commercial information and personal achievement data will be involved during the progress of project.

　

　

Common Knowledge of Law    Dormant Shareholder

　

The concept of Dormant Shareholder doesn’t form a consentaneous viewpoint, and some representational explanations are listed below.

1. Dormant Shareholder refers to entrust the other person on behalf of replace him/her to exercise the stock ownership, based on the written or oral agreement.

2. Dormant Shareholder refers to the investor who actually subscribes the company’s stocks, but other person instead of him/her appears in company’s rule, name list of shareholders and register archives in local company registry.

3. Dormant Shareholder refers to the investor who actually invests in the company and takes the shareholder’s right, but doesn’t appear as the shareholder in physical characteristic.

4. Dormant Shareholder refers to the investor who sets up a company or invests in the company in the name of other people due to other reasons or to avoid laws.

　
　

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