where; each
which; /
that, everyone
in which; anyone
第1题:
4 At an academic conference, a debate took place on the implementation of corporate governance practices in
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)
第2题:
In the author's opinion, __.
A. developing countries should be responsible for environmental problems
B. overpopulation in the world is created by the developed countries
C. rich countries exercise worse influence on environment than poor countries
D. all countries should bring the population growth under control
第3题:
A.Each
B.Either
C.Every
D.Both
第4题:
第5题:
第6题:
(ii) Construct the argument against Professor West’s opinion, and in favour of Professor Leroi’s opinion that
a principles-based approach would be preferable in developing countries. Your answer should consider
the particular situations of developing countries. (10 marks)
第7题:
第8题:
The author holds that______.
A.mortality rates in developing countries have been brought down by a number of forces
B.medical innovations are the only way to reduce mortality rates in developing countries
C.the upgrading of hygiene and sanitation has played a crucial role in reducing mortality rates in developing countries
D.improved nutrition is the only one factor that reduces mortality rates in developing countries
第9题:
第10题: