HEC Paris: Tax & Law (Topic)最新文献

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Towards EU Legislation on Human Rights Due Diligence: Case Study of the Garment and Textile Sector 欧盟关于人权尽职调查的立法:服装和纺织行业的案例研究

HEC Paris: Tax & Law (Topic) Pub Date : 2017-03-29 DOI: 10.2139/SSRN.2976330

Angelica Dziedzic, C. Lelievre, Jonathan Povilonis, A. Alemanno, P. Morrow

引用次数: 2

Memorandum: On the Ethical and Legal Issues Arising from the Appointment of the Former President of the European Commission Jose Manuel Barroso As Non-Executive Chairman and Director of Goldman Sachs International 备忘录:关于欧盟委员会前主席若泽·曼努埃尔·巴罗佐被任命为高盛国际非执行主席兼董事所引起的道德和法律问题

HEC Paris: Tax & Law (Topic) Pub Date : 2016-12-31 DOI: 10.2139/SSRN.2940292

Vesco Paskalev, A. Alemanno, Laurent Pech

{"title":"Memorandum: On the Ethical and Legal Issues Arising from the Appointment of the Former President of the European Commission Jose Manuel Barroso As Non-Executive Chairman and Director of Goldman Sachs International","authors":"Vesco Paskalev, A. Alemanno, Laurent Pech","doi":"10.2139/SSRN.2940292","DOIUrl":"https://doi.org/10.2139/SSRN.2940292","url":null,"abstract":"This Memorandum to the European Commission presents our professional opinion on the legal and ethical issues arising from the appointment of the former President of the European Commission Jose Manuel Barroso as non-executive chairman and director of Goldman Sachs. We identify a number of flaws of the Opinion of the Ad Hoc Ethical Committee which considered the issue and offer our own analysis of applicable law and the action the Commission is required to take. In our view, the Opinion represents a case of maladministration, on the ground of which it should have been set aside by the Commission in unequivocal terms. On our own analysis, Mr. Barroso’s acceptance of his new appointment was ethically inappropriate and, therefore, a violation of TFEU. Further we argue that the Commission has powers to take remedial action and is legally obliged to act to enforce the EU law and to protect the interests of the EU and its reputation. We show that, contrary to most comments in the media, the expiry of the eighteen months ‘cooling-off’ period does not put Mr. Barroso on the right side of the law, and does not preclude the obligation of the Commission to take remedial action.","PeriodicalId":419519,"journal":{"name":"HEC Paris: Tax & Law (Topic)","volume":"103 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116750017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Pre and Post Analysis IPO Analysis of TNM Limited – Lessons for Malawi Capital Market TNM有限公司IPO前后分析——对马拉维资本市场的启示

HEC Paris: Tax & Law (Topic) Pub Date : 2012-02-10 DOI: 10.2139/SSRN.2002878

B. Kampanje

{"title":"Pre and Post Analysis IPO Analysis of TNM Limited – Lessons for Malawi Capital Market","authors":"B. Kampanje","doi":"10.2139/SSRN.2002878","DOIUrl":"https://doi.org/10.2139/SSRN.2002878","url":null,"abstract":"TNM Limited successfully concluded a significant IPO in Malawi in terms of shares offered to the general public. Critical review however reveals that little value was transferred to the general public. The shareholders of the company prior to the IPO instituted mechanisms of amassing substantial benefits from the company by splitting shares of the company so as to secure substantial dividends and capital gains at the expense of prospective investors who would be required to buy very huge number of ordinary shares. This puts off informed investors who look for other attractive investments thereby affecting liquidity in the capital market.There is little investors’ confidence on Malawi Stock Exchange as prospective investors are not interested to participate in an IPO because of low returns received from substantial investments. This is evidenced by absence of an IPO in Malawi since November 2008. The listed companies on the Malawi Stock Exchange should adopt substance over form in complying with the listing rules and provide sufficient information to the current and existing investors. Malawi Stock Exchange should enforce compliance of listing rules to bar insiders from participating in IPOs as underwriters to enforce discipline in the sole capital market in Malawi.Malawi’s Capital Market is still too young. There are very few studies undertaken to critically review its performance. It has not been studied widely to assess its strengths and weaknesses. The Listing Rules of the Malawi Stock Exchange require substantial review to meet the demands of the market in the current contemporary times. Malawi Stock Exchange, the only capital market available in Malawi should enforce disclosure of pertinent information from all the listed companies for investment decisions. Malawi Stock Exchange should evaluate the disclosure requirements which must fall in line with the revised International Financial Reporting Standards.","PeriodicalId":419519,"journal":{"name":"HEC Paris: Tax & Law (Topic)","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126030454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0