The professor could hardly find sufficient grounds______his arguments in favour of the new
A.to be based on
B.to base on
C.which to base on
D.on which to base
A.to be based on
B.to base on
C.which to base on
D.on which to base
developing countries. Professor James West from North America argued that one of the key needs for developing
countries was to implement rigorous systems of corporate governance to underpin investor confidence in businesses
in those countries. If they did not, he warned, there would be no lasting economic growth as potential foreign inward
investors would be discouraged from investing.
In reply, Professor Amy Leroi, herself from a developing country, reported that many developing countries are
discussing these issues at governmental level. One issue, she said, was about whether to adopt a rules-based or a
principles-based approach. She pointed to evidence highlighting a reduced number of small and medium sized initial
public offerings in New York compared to significant growth in London. She suggested that this change could be
attributed to the costs of complying with Sarbanes-Oxley in the United States and that over-regulation would be the
last thing that a developing country would need. She concluded that a principles-based approach, such as in the
United Kingdom, was preferable for developing countries.
Professor Leroi drew attention to an important section of the Sarbanes-Oxley Act to illustrate her point. The key
requirement of that section was to externally report on – and have attested (verified) – internal controls. This was, she
argued, far too ambitious for small and medium companies that tended to dominate the economies of developing
countries.
Professor West countered by saying that whilst Sarbanes-Oxley may have had some problems, it remained the case
that it regulated corporate governance in the ‘largest and most successful economy in the world’. He said that rules
will sometimes be hard to follow but that is no reason to abandon them in favour of what he referred to as ‘softer’
approaches.
(a) There are arguments for both rules and principles-based approaches to corporate governance.
Required:
(i) Describe the essential features of a rules-based approach to corporate governance; (3 marks)
听力原文: There student thieves look out. Students can easily get many research papers off the Internet. A new Website could help teachers catch copiers.
Some students research and write their term papers. Others, however, just copy them off the Internet and turn them in as their work.
Two graduate students at the University of California at Berkeley have written a program to catch the students who copy. It compares a student's paper with every other term paper on the Web.
A hundred million Web pages on the Internet are searched. The top 20 search engines are used for the search. This service can be found at www. Plagiarism.com. They also have a local database of term papers. Teachers who sign up can send their students' 'papers to the Website. Within 24 hours they know if the student did the work. Every sentence that was a word-for-word match with another sentence either found on the Internet or within our database is coded.
A U. C. Berkeley professor told his class he would use the program. Still some students copied papers. All 300 papers went through the program. In 45 papers or 15 percent of students had cut and pasted large amounts of material from different World Wide Websites.
Students that say they didn't copy can defend themselves. They can show the instructor where they got their material. Students at universities try hard to get good grades. Some students welcome the Internet research watchdog because they say it is fair to all. They think copying is wrong.
Instead of researching and writing their papers, some students ______.
A.ask other students to write their papers
B.draw pictures instead
C.copy from reference books
D.copy papers or large parts of papers from the Internet
A.Dear Mr.Li:
B.Dear Professor Wang,
C.Dear Professor Wang:
D.DearMr.Li.
A.usiness Group Partners
B.usiness Group Person
C.usiness Group People
D.usiness Group Professor
A.if ; had ; could
B.that ; have ; can
C.if ; had ; can
D.that ; had ; could
A.Helen Keller could not speak or see
B.Helen Keller could not see or hear
C.Helen Keller could not touch or see
In Para. 2, the word "holds" could best be replaced by which of the following?
A.has
B.is
C.grasps
D.carries
A.Yes, they could
B.No, they couldn't
C.No, they can't