..... 34 1.5.3. Joint venture with a Ukrainian partner.............................................................. 34 1.5.4. Representative office (commercial and non-commercial) ................................. 34 1.5.5. Ukrainian subsidiary .......................................................................................... 35 1.6. Foreign investment treatment .................................................................................... 35 1.7. Corporate forms ......................................................................................................... 37 1.8. Taxation ..................................................................................................................... 39 1.8.1. Corporate income tax (CIT) ............................................................................... 39 1.8.2. Withholding Tax (WHT) ...................................................................................
5. Financial Institutions and Services Objectives and Outcomes To give overview of main players. 5.1. Introduction It is common to distinguish between monetary financial institutions (MFIs) and other financial intermediaries. The distinction is based on the functions of institutions institutions in the first group (MFIs) play important role in the process of money creation in modern economies. European Central Bank (ECB) describes Monetary financial institutions as including national central banks (and also ECB in the euro area), credit institutions and non-credit institutions which receive deposits from general public (individuals and non-MFI firms) and grant credit and/or invest in securities. Major non-credit MFIs in Europe are money market funds. Credit institutions are defined in the directive 1 relating to the taking up and pursuit of the business of credit institutions as:
INTRODUCTION OF SUPPLY CHAIN MANAGEMENT (SCM) A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm.
work legally. Some of the timelines: Registration with the Tax Authorities 5-7 working days Company Seal production 2 working days Registration with the State Statistics Committee, with the non-budgetary funds (Pension Fund, Social Insurance Fund, Obligatory Medical Insurance Fund) is done by the tax authorities Opening of bank accounts depends on the bank Registration with the Federal Service for Financial Markets of shares emission 30 working days Limitations of foreign participation There are features and limitations of participation of foreign investors in Russian companies. Such features are set for the banking and insurance activities in these areas, the state provides certain restrictions for foreign investors. There is also a restriction on the purchase of shares by foreign investors, the largest Russian companies with state capital (Gazprom, Rosneft and others).
The costs of production Production Decisions about production require individual agents to make decisions about the allocation and use of physical inputs. · Objectives of agents, technology, availability and quality of inputs determine the nature of these decisions. Since the objectives are often pecuniary, it is often necessary to relate the decisions about the physical units of inputs and outputs to the costs of production. · If the prices of the inputs and the production relationships are known (or understood), it is possible to calculate or estimate all the cost relationships for each level of output. In practice
..5 2. GRI Guidelines…………………………………………………………………………….7 3. GRI Sustainability Report………………………………………………………………….7 4. Performance Indicators…………………………………………………………………….8 5. Overview of the Global Reporting Initiative……………………………………………..11 6. Linkages between Sustainability and Financial Reporting……………………………….12 7. GRI Indicators ……………………………………………………………………………13 8. Summary………………………………………………………………………………….17 4 1. INTRODUCTION The Global Reporting Initiative (GRI) is a long-term, multi-stakeholder, international process
human resource flows;2) institutional linkages; 3) industrial clusters; and 4) innovative firm behaviour. Benchmarking NIS Learning from foreign systems of Innovation (Tidd et al, 2005) ● Reasons for monitoring and learning from the development of technological, production and organisational competences of foreign NSI: ○ Sources of competition in innovation ○ Sources of improvement in corporate management ○ Sources of technology ● Benchmarking: comparisons amongst competitor companies on specific dimensions of corporate performance aiming to identifying and catching up with best practice: ○ Information-gathering – manufacturing, patents, technology, organisation, product development, R&D, customer- facing (service, marketing and sales, logistics)
7. Vii valitud strateegiad ellu 8. Hinda elluviidud strateegiaid Strateegiline audit võimaldab suunatud teemakohaseid kontrollküsimusi esitades organisatsiooni terviklikku analüüsi, eesmärgiga arendada strateegiat ja parandada organisatsioonilist tulemuslikkust. Responsibilities of the Board of Directors Due care, Board of directors are responsible that the corporation is not harmed by members of the board, Directors can be held liable. − Hires and fires the CEO and top management. − Controls, monitors, or supervises top management. − Reviews and approves the use of resources. − Cares for shareholders’ interests. − Assures that the corporation is managed in accordance with state laws, security regulations and conflict of interest situations. Role of the Board in Strategic Management • Monitor developments inside and outside the corporation. • Evaluate and influence management proposals, decisions and actions.
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