首页
登录
职称英语
What worries me about the stench coming from Corporate America is not its im
What worries me about the stench coming from Corporate America is not its im
游客
2024-06-10
4
管理
问题
What worries me about the stench coming from Corporate America is not its impact on the economy, because America’s resiliency is awesome. It isn’t that scandals may be causing the dollar to sink, because the greenback was overvalued anyway. Nor am I concerned that errant CEOs will escape punishment, since the feds are finally on the case.
No, what bothers me most is something not so easily fixed—the erosion of the equality-based culture that emerged in recent years.
Given the extent of corporate malfeasance, the only way to restore investors’ confidence is for both CEOs and Washington to push sweeping reforms. Most of the necessary elements are contained in the proposals coming from the New York Stock Exchange, the Securities & Exchange Commission, Congress, and various business groups. Here are some key imperatives:
Regulate auditors. A new oversight body must be established, reporting to the SEC. It should set auditing standards, license auditor, and have power to punish transgressors. To guarantee its independence and resources, it should be funded by every publicly listed company.
Revamp CEO compensation. The magnitude of stock options—and the fact that they were not treated as a company expense—gave excess too much incentive to cut comers to pump up stock prices in the short term. In the future, options should not be exercisable for five years, and not unless company performance exceeds the S&P500. They should also be charged against corporate income when they are cashed in. Better yet, executives should be rewarded in stock that must be held for a number of years so CEOs can win and lose with the rest of long-term shareholders.
Make CEOs and boards accountable. The SEC should endorse national guidelines for all publicly listed companies doing business in the U.S.. Among the provisions: CEOs and CFOs must personally warrant that financial statements paint a full and accurate picture of their companies’ positions, including critical underlying trends. Not only must boards be more independent but also audit, compensation, and governance committees ought to be held more clearly accountable for the basic policies of the companies they represent.
Keep up pressure on Wall Street. Among the most egregious conflicts of interest, analysts have been pressured and paid to recommend stocks simply to curry favor with the issuing companies. Until it’s clearer how effectively Wall Street will police itself, the SEC should issue public progress reports on investment banks’ moves to eliminate conflicts.
Modernize accounting. Accounting needs to deal with a global, financially complex, knowledge-based economy, including derivatives, off-balance-sheet assets, and intangible assets such as research-and-development capabilities. The best ideas from around the world must be combined into one high-grade set of international standards. [br] What may be "the equity-based culture" refer to in the passage?
选项
A、Investor confidence.
B、CEO compensation.
C、Pressure on Wall Street.
D、Modem accounting.
答案
A
解析
推理判断题。文中第二段提到对“股票文化的侵蚀”,接下来马上说明如何恢复投资者信心,可推断“股票文化”涉及的足投资昔的信心问题。所以B,C,D三项均为错误答案。
转载请注明原文地址:https://tihaiku.com/zcyy/3627318.html
相关试题推荐
TheAmericaneconomicsystemisorganizedaroundabasicallyprivateenterpri
[originaltext]IfyouliveinacityinNorthAmericaorEurope,youhavepro
[originaltext]Formanyinternationalstudents,comingtotheUnitedStatesa
[originaltext]Someofthemostpracticallessonscomingoutofresearchinp
[originaltext]Someofthemostpracticallessonscomingoutofresearchinp
[originaltext]Someofthemostpracticallessonscomingoutofresearchinp
WhatweretheeidersofcontemporaryAmericansquiteunfamiliarwith?[br]Then
WhatweretheeidersofcontemporaryAmericansquiteunfamiliarwith?[br]Child
FreshwatersuppliesinAsiaandsouthAmericaisdisappearingastheglaciersm
FreshwatersuppliesinAsiaandsouthAmericaisdisappearingastheglaciersm
随机试题
HowtoUseaLibraryA)You’redrivingyourcarhomefro
PartyA:ShanghaiInternationalTradeCorporationPartyB:BritishAARBankGro
A. B. C. D.
下列哪种不是ANA的常见荧光图形A.胞浆型 B.斑点型 C.核仁型 D.核
()迁移是指不改变原有的认知结构,直接将原有的认知经验应用到本质特征相
A.7 B.10 C.14 D.5
申请设立期货公司,持有5%以上股权的股东,净资产不低于实收资本的( )。A.1
性平不偏,能祛风通络、利水,治风湿肩臂痛,兼水肿的药物是A.桑枝 B.川乌
根据IPD合同条件,若项目实际成本超出目标成本,根据合同约定,业主可选择不再偿付
根据《水利建设工程施工分包管理规定》(水建管[2005]304号),工程分包是指
最新回复
(
0
)