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June. 2008 |
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At 14:28, on May 19,
2008, all staff of Steele kept 3 minutes of silence to extend the
deepest condolences and heartfelt sympathy for those who have died in
5.12 Wenchuan Earthquake in |
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After 5.12 Wenchuan
Earthquake, Steele has received compliments from members of |
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The 19th
Annual Conference of ACFE will be held on July 13-18, 2008 in |
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Anti-disaster Meeting
of China Banking Regulatory Commission was held at 15:00, on May 19,
2008, discussing on the anti-disaster and recovery issues after the
earthquake in |
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2008 China Coal
Enterprise Credit Forum, sponsored by Credit Committee of China
Information Industry Association (CIIA-CC) and supported by Energy
Bureau of National Development and Reform Commission, Policy and
Regulation Department of State Administration of Work Safety (State
Administration of Coal Mine Safety), Shanxi Development and Reform
Commission, will be held on July 12 at Jinci Hotel in |
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The long term Plan ¡°Changsha Credit System¡± will be finally built up in the first half year of 2008. With the system built, those faithful enterprises and individuals will be highly supported, while those welsh of intent will be measured by more completed rules. The structure of the system contains ¡°database-website-platform-system¡±. The database is a public shared distributed database containing all the shared credit data; the website refers to Changsha Financial and Credit Network (http://www.jrxyw.com/) which was the front door of credit services; the platform is the exchange and sharing platform of credit data which is built on the base of out door serve web of electron government affairs; the system is credit application system which combines all the credit information and sorting them into credit records, credit report or other credit products. There are 35 departments recognized as the first bunch of credit departments including municipal public security bureau, municipal industrial and commercial bureau. |
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Credit Management
Technique Criteria of Commerce Sector is in practice on May 1, 2008.
This is the first edition of trade standard on enterprise credit and it
will guide the construction of enterprise credit management. Learning
from a lot of criteria on non-commerce enterprise credit management,
this criterion has given measures on the operation of high credit risks.
For example, the adoptions to guarantee creditor¡¯s right such as
mortgage, impawn and business assurance. |
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Second Chairman¡¯s Meeting of Eleventh Standing Committee of the National People¡¯s Congress passed the 2008 legislation plan of NPC Standing Committee and assembled specific on the legislation plan. The amend of Fire Protection Law will be carried out in April, amend of Insurance Law and Earthquake Prevention and Disaster Reduction Law will be carried out in June, amend of Postal Law, Patent Law and Conscription Law will be carried out in August, draft of Intangible Cultural Heritage Protection Law and amend of State Compensation Law will be carried out in October, draft of Disputes and Arbitration Law on Rural Land Contracting, amend of Electoral Law, Organic Law of NPC and Statistics Law will be carried out in December. |
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¡¡ Brief on Risk Controlling
Risk prevention and risk management are the life lines for enterprise¡¯s survival and development. As we all know, any enterprise, no matter how much wealth or modern techniques it owns, how developed it has grown, has no chance to avoid punishment in case of ignoring risk controlling and management. Then how to carry out the controlling and management of risk? Let¡¯s talk about the risk management and controlling in the aspects of system, regulation and human. ¡¡ Aspect
of System 1. The Complement of Corporation
Administration, Decrease of Decision Risk As in risk cases, the risk caused
by decision mistakes is much more serious than general operation risks.
So the establishment of decision operation system and supervisor system
is the precondition of risk management and controlling for an
enterprise. To meet the requirement of modern enterprise system, a
complete corporation administration structure, relational balance and
reciprocal constraint in the boards of stockholders, directors and
supervisors are extremely necessary. 2. Complete Decision System and
Supervision System There must be a completed decision system and supervision system in the operation team. See from the development of an enterprise, the most important decision is settling of the business developing direction. So the business direction settling of an enterprise is the first level of risk controlling. It is also the basement of the higher levels of risk controlling. ¡¡ Aspect
of Regulation An enterprise shall have complete
risk management regulations. The items of the regulations shall be
altered and completed within the growth of the business, especially in
the following aspects. 1. Authorization Rules for
Affiliations The bad assets or business loss of
the enterprise are always caused by the violation or excess operation of
the affiliations. No matter how bad the enterprise has acted, all the
corresponding obligations are taken by the parent company as long as the
first grade corporation system keeps in action. So the authorization
operation rules shall be adopted to define the operation rules and
obligations of the affiliations and then to control the risks
efficiently. Meanwhile, executives such as general managers and
financial managers shall be appointed from the HR organization, which is
responsible to the whole group company and independent from the
affiliation which means the appointment salary and bonus of the
executives have noting to do with the affiliation. 2. Complement of Inner Controlling
Regulations Finance management, operation
procedure rules and business bid regulations of the company shall be
completed step by step. The complement of supervisor regulations such as
financial supervisor, audit supervisor, is also keystones of all the
regulations. 3. Inspection and Practice are Keys
of Risk Controlling Management The build up of regulations does not mean the prevention of risk has achieved. An unpracticed excellent regulation was just a piece of blank paper. Many cases have indicated that every risk is involved with violate knowledge, profiteering attitude under interest, lucky chance and conformity thoughts. Some enterprise with complete managing regulations still can not avoid risks, which was because the weak of practice. This shows that the practice of regulations is much more important than the establishment of regulations. The enterprise must enhance the practice and supervise of regulations. ¡¡ Aspect
of Human Chairman Mao once said that human
is the factor determining everything in the world. This quote was
suitable for kinds of industrials. Kinds of risk cased in business
routines indicates that although there are various kinds of regulations
and complicated techniques, there are still some violators who leaked
over those regulations and controlling systems of risks and some of
those violators themselves are constituter of the regulations. This
explained an objective existence that the regulations are made by human
and techniques are also created by human, but regulations and techniques
are not living beings but human are. So the controlling of human beings
is also important in the risk management. 1. Hiring High and senior mangers of the
enterprise shall have both ability and moral, which is the hiring
standard of the enterprise. Both profession and moral risks objectively
existed while the controlling and prevention of moral risks are much
directly. Therefore, the executives of the enterprise shall hold the
moral character, behavior codes and thoughts incline of the high and
senior staffs. 2. Operator Inspirit System The operator inspirit system is an
indispensable factor in the structure of corporation management.
Handling the interest dividing of the operators especially higher and
senior managers (including carrying out of annual salary rules,
operation stock rights and double division), not only can inspirit them
devoting to the extend of company¡¯s benefit, descending the risks to
the minimum, reducing the short-term behavior of the operators but also
can control the inner actions of the enterprise. Due to the information imbalance
and system factors, the efforts and contributions of the operators has
not connected with their payment. The connection is just in short term
or long term. So the establishment of operation stock rights and double
can mobilize the operators to avoid risk and create more interest, which
can achieve the controlling of risk caused by human being. Risk controlling and management of
the enterprise was a comprehensive subject involving various factors.
The controlling of the mentioned three massive factors is supplement for
one another and was the headstream of risk controlling.
(Forvarded) |
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| Philosophy Story | |||
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¡¡ Contribute
An old carpenter, who intented to
retire, told his boss that he was going to leave the construction
business and live with his family happily ever after. The boss was not
reluctant to let the good worker go and asked whether he could help to
build another house. The old carpenter agreed. However everyone could
see that the old man was no longer working his duty by heart. The
material he used was inferior and the job he did was rough. After the
building was build up, the boss handed him the key of the house. ¡¡ ¡°Here is the house,¡± the boss
said,¡±my gift for you.¡± ¡¡ The old carpenter was deeply shocked and shamed a lot. If he knew in advance that the house was built for himself, what would he have done? Now he had to live in the rough house! So do we, carelessly running our own life, do not pay any effort at the very moment. Finally we realize the situation we are around and find that we have already been in the ¡°house¡±. Identify yourself as the old carpenter, think about the house you are building, every nail you strike in, every plate you added or the wall you build up, and construct the house by your heart seriously. Your life is the only creation in your own life, no chance of rebuilding. Even if it is just a single day, please write it with elegance and dignity and print it on the wall ¡°the life is my own creation.¡± |
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