No 1114 Proposal on Remuneration of the BOD and the SB

A Proposed International Accounting Standard Reporting Turnover and Tax by Location A proposal by Richard Murphy BSc FCA on behalf of the Association for Accountancy and Business Affairs Contents Summary 2 Objectives 4 Definitions 5 Proposed International Accounting Standard 10 Explanatory notes 13 Likely objections 15 Technical notes 17 Notes for those concerned with Corporate Social Responsibility 19 About the author 22 About AABA 22  Richard Murphy and the Association for Accountancy and Business Affairs Limited (AABA) 2003 Richard Murphy can be contacted at: 150 Beresford Road Ely Cambridgeshire CB6 3WD Phone (44) 1353 645041 Fax (44) 1353 645042 e-mail rjm@fulcrum-uk.com This copyright work may not be reproduced without the express written permission of the author or AABA A Proposed International Accounting Standard - Reporting Turnover and Tax by Location 1 Summary The proposed International Accounting Standard that follows on Reporting Turnover and Tax by Location suggests that transnational corporations (TNCs) should disclose information about: • which entities make up the TNC • where those entities are located • what those entities do • what value of sales they make in each state in which a member entity of the TNC is located split between: o sales to independent third parties o sales to other entities within the TNC • what value of purchases from other entities within the TNC are made by each member of the TNC • how much added value each member of the TNC generates • how much profit each member of the TNC makes in the locations in which it operates • what tax each member of the TNC pays in the states in which it is located The purpose of the proposed standard is to provide information that will assist those seeking to appraise the organisation with regard to: • its corporate social responsibility • investment risk • tax risk • its contribution by way of value added to the societies in which it operates • its contribution to national well-being by way of tax payment within those locations It is important to note that the proposed standard utilises data already substantially available to all reporting entities to which it would apply and can therefore be implemented at very low cost. As the proposed standard will be A Proposed International Accounting Standard - Reporting Turnover and Tax by Location 2 applied internationally there will be no loss of competitive advantage for any TNC as a result of its adoption. The proposed standard will not apply to reporting entities whose activities are located solely in one state. The proposed standard breaks new ground in that the information that it proposes should be disclosed may be published exclusively on the internet. A Proposed International Accounting Standard - Reporting Turnover and Tax by Location 3 Objectives The objective of this proposed International Accounting Ha Noi, April 13th 2016 No.: 1114/TTr-HĐQT PROPOSAL Re: The approval of the Remuneration of the Board of Directors and the Supervisory Board in 2015 and the proposed budget plan in 2016 To: The Annual General Meeting of Shareholders of Baoviet Holdings in 2016 Pursuant to: - The current Charter of Baoviet Holdings; - Resolution No 02/2015/NQ-DHCD-TDBV of Annual General Meeting of shareholders of BaoViet Holdings dated 17th April 2015; - The Audited Financial Statement in 2015 and the Business Plan in 2016; Board of Directors (“BOD”) of BaoViet Holdings (“BVH”) respectfully propose to the Annual General Meeting of Shareholders (“AGM”) of BVH to approve the Remuneration settlement for the BOD and the Supervisory Board (“SB”) in 2015 as well as the budget remuneration in 2016 as follows: Remuneration settlement for BOD and SB in 2015 According to Decision No.02/2015/NQ-ĐHCĐ-TĐBV dated 17th April 2015 of the AGM in 2015, the remuneration budget for the BOD and the SB are 0.15% and 0.04% of profit after taxes (“PAT”) respectively in 2015 According to the audited financial statement of BVH in 2015, PAT of BVH in 2015 reached 1,002 billion VND According to the Resolution of the AGM in 2015 and the financial statement in 2015, the budget for remuneration of the BOD and SB in 2015 are 1,503 million VND and 400.8 million VND respectively BOD would like to report the total actual remuneration settlement for the BOD and SB in 2015 as follow: - Remuneration for BOD members is 0.89 billion VND equal to 0.09% of PAT; - Remuneration for SB is 0.22 billion VND equal to 0.02% of PAT The proposed remuneration budget for the BOD and SB in 2016 Pursuant to the Business Plan of BVH in 2016; and the requirements on corporate governance and the close supervision of the business activities in 2016; BOD would like to propose that the remuneration budget for BOD and SB in 2016 shall be the same as in the 2015 budget, specifically as follows: - Remuneration for BOD members is 0.15% of PAT - Remuneration for SB is 0.04% of PAT BOD would like to propose to the AGM for approval of the actual settlement of remuneration for the BOD and SB in 2015 and the budget plan for 2016 as mentioned above Respectful submitted / Achieves: - As above; - BOD, SB; - Remuneration and Nomination Committee; - CEO of BVH; - For filing: Admin, General Secretary Dept ON BEHALF OF THE BOARD OF DIRECTORS CHAIRMAN (Signed and sealed) Dao Dinh Thi HANOI PEDAGOGICAL UNIVERSITY N0 FOREIGN LANGUAGE FACULTY PHAM THI THANH THE IMPORTANCE OF INTRODUCING SOME CULTURAL ASPECTS ON STUBBORNESS OF THE BRITISH TO SOPHOMORES OF ENGLISH MAJORS AND NON-ENGLISH MAJORS AT HANOI PEDAGOGICAL UNIVERSITY No (SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE DEGREE OF BACHELORS OF ARTS IN ENGLISH) SUPERVISOR: PHI THI THO, B.A Hanoi, 2013 ACKNOWLEDGEMENT I owe my deepest gratitude to my supervisor, B.A Phi Thi Tho, without whose valuable comments and guidance, my research would not have been accomplished My special thanks go to my English friends; Ms Jasmine Kathleen and Ms Jenifer Wells who help me find out the information about their cultures as well as provide me books and necessary materials I wish to thank all the lecturers at Hanoi Pedagogical University Number 2, especially the lecturers in the Foreign Language Faculty for their dedicated instructions during years of university work I am greatly indebted to my family for their love, support and encouragement Finally, I am particularly grateful to my close friends for their enthusiasm and kindness, to K37 students of Foreign Language Faculty for helping me in making survey i ABSTRACT The British culture plays an importance role in teaching and studying English Beside the characteristics of Western culture, British culture has typical aspects which are consider as tokens of “Britishness” One of these tokens is stubbornness or conservativeness There are quite a lot of books written about British culture, but these books just discuss this culture in general and not mention the stubbornness in full Therefore, this research work entails introducing the British’s stubbornness to sophomores of English majors and non-English majors to help them understand clearly this typical aspect in British culture ii STATEMENT OF AUTHORSHIP Title: Introducing the British’s stubbornness to sophomores of English majors and non-English majors at Hanoi Pedagogical University No (Graduation paper submitted in partial fulfillment of the Degree of Bachelor of Arts in English) I certify that no part of the above report has been copied from any other person’s work without acknowledgements and that the report is originally written by me under the instructions of my supervisor Date submitted: May 2013 Student Supervisor Pham Thi Thanh Phi Thi Tho iii LIST OF ABBREVIATIONS HPUN2 : Hanoi Pedagogical University Number II SI : International System of Units USSR : Union of Soviet Socialist Republics TNT : Trinitrotoluene EU : European Union UK : United Kingdom BST : British Summer Time GMT : Greenwich Mean Time DST : Daily Savings Time RoSPA : Royal Society for the Prevention of Accidents SDST : Single Double Summer Time EC : European Community ELT : English Language Teaching iv LIST OF FIGURES AND TABLES Figure 1: The result of the students’ attitude towards the British’s stubbornness 38 Table 1: Holidays and events 53 Table 2: List of country driving on the left side 54 Table 3: Cities and countries using double-deckers 55 Table 4: SI base units 56 Table 5: Units of measurement in Britain 57 Table 6: List of countries changing the clocks 58 Table 7: Time when British change their clocks 58 v TABLE OF CONTENTS ACKNOWLEDGEMENT i ABSTRACT ii STATEMENT OF AUTHORSHIP iii LIST OF ABBREVIATIONS iv LIST OF FIGURES AND TABLES v TABLE OF CONTENTS vi PART ONE INTRODUCTION I Rationale II Research presupposition III Research objectives IV Research scope V Research tasks VI Research methods VII Research significance VIII Research design PART TWO DEVELOPMENT CHAPTER ONE: LITERATURE REVIEW I An overview of culture and British culture I.1 Culture I.2 British culture II The British’s conservativeness (stubbornness) 10 II.1.What is BUDGET SPEECH Budget Statement and Economic Policy of the Government of Ghana for the 2011 FINANCIAL YEAR Presented to PARLIAMENT On 18 th November, 2010 By DR. KWABENA DUFFUOR MINISTER OF FINANCE AND ECONOMIC PLANNING On the authority of H. E. PROF. JOHN EVANS ATTA MILLS PRESIDENT OF THE REPUBLIC OF GHANA REPUBLIC OF GHANA 2011 Financial Year Budget Speech 2 BUDGET SPEECH Budget Statement and Economic Policy Of the Government of Ghana for the 2011 FINANCIAL YEAR 2011 Financial Year Budget Speech 3 Theme: “Stimulating Growth for Development and Job Creation” THE BUDGET STATEMENT AND ECONOMIC POLICY FOR FISCAL YEAR 2011 1. Madam Speaker, I beg to move that this august House approves the Budget Statement and Economic Policy of the Government for the year ending 31 st December, 2011. 2. Madam Speaker, in accordance with Article 179 of the 1992 Constitution, I have the singular honour and privilege to stand before this august House and the people of Ghana to present the 2011 Budget Statement and Economic Policy on behalf of the President, His Excellency, Prof. John Evans Atta Mills. 3. Madam Speaker, this presentation is an abridged version of the Budget Statement. I would like to request the Hanzard Department to capture the entire Budget Statement and Economic Policy tabled and circulated for your information and action. 4. Madam Speaker, on 18 th November, 2009, I presented to this House the second Budget Statement of the NDC Government. The Budget was based on government‟s vision of a “Better Ghana”, in which growth and economic prosperity are anchored on creating opportunities for improved standard of living for all Ghanaians. 5. Our “Better Ghana” agenda is to be achieved through the implementation of sound and prudent economic policies intended to ensure continuous stability and to stimulate growth within an environment of good governance. 2011 Financial Year Budget Speech 4 6. Madam Speaker, I am pleased to report that, two years on, despite the challenges, we have made significant progress. The economy has shown strong resilience and stability, as indicated by all the key macroeconomic indicators as follows: -  GDP growth of 4.1 percent in 2009 compared to the sub-Saharan Africa growth of 2.0 percent;  The fiscal deficit reduced significantly from 14.5 percent of GDP on cash basis at the end of 2008 to 9.7 percent of GDP in 2009;  Inflation has trended downwards in sixteen (16) consecutive months from 20.74 percent at the end June 2009 to reach 9.38 percent in October 2010, the lowest in the last two decades;  Gross international reserves of US$3,973.0 million at the end of October 2010 has exceeded three months of import cover compared with reserves of US$2,036.2 million at end December 2008 which could barely cover 2 months of import; Công ty Luật Minh Gia www.luatminhgia.com.vn THE GOVERNMENT Decree No 66/2015/ND-CP dated August 12, 2015 of the Government on regulations on aviation authorities Pursuant to the Law on organization of Government dated 25 December 2001; Pursuant to the Law on Civil Aviation of Vietnam dated 29 June 2006 and the Law amending and supplementing a number of articles of the Law on Civil Aviation of Vietnam dated 21 November 2014; Pursuant to Decree No 107/2012/ND-CP dated 20 December 2012 of the Government defining functions, duties, power and organizational structure of the Ministry of Transport; At the request of the Minister of Transport, The Government issues this Decree defining the aviation authorities, Chapter I GENERAL PROVISIONS Article Scope of regulation This Decree provides for the organ which performs functions of aviation authorities, duties, powers and conditions to ensure the activities of the aviation authorities Article Subjects of application MINISTRY OF HEALTH SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom – Happiness - No.: 50/2016/TT-BYT Hanoi, December 30, 2016 CIRCULAR REGULATIONS ON MAXIMUM RESIDUE LEVELS OF PESTICIDE IN FOOD Pursuant to the Law on food safety dated June 17, 2010; Pursuant to the Government's Decree No 38/2012/ND-CP dated April 25, 2012 detailing the implementation of some articles of the Law of food safety; Pursuant to the Government's Decree No 63/2012/ND-CP dated August 31, 2012 defining the functions, tasks, powers and organizational structure of Ministry of Health; At the request of Director of Vietnam Food Administration; Minister of Health promulgates Circular introducing regulations on maximum residue levels of pesticide in food Article Scope and regulated entities This Circular deals with the maximum residue levels of pesticide in domestically produced foods and imported ones This Circular applies to producers and traders of foods, and authorities and entities involved Article Interpretation of terms In this document, these terms are construed as follows: Maximum Residue Level (“MRL” for short) refers to the highest concentration of a pesticide residue in a food (unit: mg/kg of food) Pesticide residue refers to any specified substance in food resulting from the use of a pesticide The term "pesticide residue" includes residues from unknown or unavoidable sources (e.g., environmental) as well as known uses of the chemical It includes any derivatives of a pesticide, such as conversion products, metabolites, reaction products, and impurities considered to be of toxicological significance Extraneous Maximum Residue Limit (“EMRL” for short) refers to the maximum concentration of a pesticide residue or a contaminant in food arising from environmental sources (including former uses of chemicals in agriculture), exclusive of the residue arising from the use of a pesticide or contaminant substance directly or indirectly on food (unit: mg/kg of food) 4 Acceptable Daily Intake (“ADI” for short) is the daily intake of a chemical which, during an entire lifetime, appears to be without appreciable risk to the health of the consumer (unit: mg/kg of the body weight) Pesticide Code (“Code” for short) means the code of a pesticide used by the Codex Alimentarius Commission (CODEX) Article Announcement of MRLs in food MRLs in foods are regulated in the Appendix enclosed to this Circular Article Implementation This Circular takes effect as of July 01, 2017 Part “Maximum Residue Levels of Pesticide in Food" promulgated under Decision No 46/2007/QD-BYT dated December 19, 2007 by Minister of Health on “Regulations on maximum levels of biological and chemical contaminants in food” shall be null and void as from the entry into force of this Circular The Vietnam Food Administration shall take charge and coordinate with relevant competent authorities in organizing the implementation of this Circular Difficulties that arise during the implementation of this Circular should be reported to the Ministry of Health Công ty Luật Minh Gia www.luatminhgia.com.vn THE MINISTRY OF HEALTH Circular No 30/2015/TT-BYT dated October 12, 2015 of the Ministry of Health on import of medical equipment Pursuant to the Commercial Law dated 14/6/2005; Pursuant to Decree No 187/2013/ND-CP dated 20/11/2013 of the Government detailing the implementation of Commercial Law on trading of international goods and activities of trading and processing agents and goods transit with foreign countries; Pursuant to Decree No 63/2012/ND-CP dated 31/08/2012 of the Government defining functions, duties, powers and organizational structure of the Ministry of Health; At the request of the Director of Department of Medical Equipment and Health Facilities; The Minister of Health issues the Circular providing for the import of medical equipment Chapter I GENERAL PROVISIONS Article Scope of regulation This Circular defines the authority, dossier and procedures for issue of import Permit of ...2 The proposed remuneration budget for the BOD and SB in 2016 Pursuant to the Business Plan of BVH in 2016; and the requirements on corporate governance and the close supervision of the business... is 0.15% of PAT - Remuneration for SB is 0.04% of PAT BOD would like to propose to the AGM for approval of the actual settlement of remuneration for the BOD and SB in 2015 and the budget plan for... 2016; BOD would like to propose that the remuneration budget for BOD and SB in 2016 shall be the same as in the 2015 budget, specifically as follows: - Remuneration for BOD members is 0.15% of PAT