Suchergebnisse

Executive compensation is an essential element of a corporate governance system and an issue of public concern and academic debate. However, the existing literature on executive compensation has primarily focused on the United States, United Kingdom and continental European jurisdictions. This paper presents a comprehensive comparative study of the law and practices of executive pay in China. It critically examines the processes that produce compensation arrangements, as well as the various legal strategies and market forces that act on these processes in the context of China.Based on extensive empirical evidence, it finds that excessive pay in China is less prevalent than that in the United States. Nevertheless, Chinese executive compensation is not optimal in that there are both excessive executive pay and low levels of equity incentives for executives in Chinese listed companies. Meanwhile, executives of state-owned enterprises are largely compensated by on-duty consumption, grey income and political reward. The article argues that the fundamental problem of executive pay in Chinese listed companies lies in the internal defects of its unique governance institutions, as well as the prevalence of concentrated state ownership in listed companies. It concludes that the primary role of Chinese law in regulating executive compensation should not simply be to curb excessive executive pay, but it should be to improve the regulatory structure for setting executive pay in a fairer and more transparent way. To achieve this, regulatory strategies, especially heightened disclosure and strengthening the independence of the compensation committee, must be taken.

This lesson plan uses Amelia to Zora as an anchor book for an extended unit to discuss women's contributions to the modern world. The lesson plan provides an annotated bibliography of biographies about the women profiles in the book as well as women selected by the instructor and students. The lesson plan is recommended for use in grades 5 and above and emphasizes social interaction among students in the whole process.

Daily travel distance in urban China has substantially increased. The spatial layout of the 15-minute neighborhood, which supports local living and encourages walking and biking, was detailed in the Urban Residential District Planning and Design Standards in China in 2018. This study investigates the impacts of the 15-minute neighborhood described in the 2018 standards on activity space, using mobile network data in Qingdao, China. A total of 42,991 subscribers of China Mobile are randomly sampled. The 15-minute neighborhood attributes are objectively measured for sampled residents individually. Our study shows that not all 15-minute neighborhood attributes are associated with smaller activity space. Commercial retail services and green open space, which were found to increase walking and physical activity, do not reduce activity space. On the other hand, public services such as primary school and middle school, bus stops, neighborhood centers, and sports facilities within walking distance are positively associated with smaller activity space.