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20
Jun

2009 Global Entrepreneurship Monitor Report on Korea

This report summarizes the key results of the 2009 national entrepreneurship assessment for Korea conducted as part of the Global Entrepreneurship Monitor (GEM) project, Korea was placed in a group of 20 higher-income innovation-driven economies for comparison purposes and ranked eighth in the total entrepreneurial activity level, which includes both nascent and new entrepreneurs, in that group.

20
Jun

Financial Support for New Businesses in Israel

A group of Israeli experts ranked the area of financial support in Israel for new businesses higher than all of the other countries included in the global survey of entrepreneurship conducted by the Global Entrepreneurship Monitor (GEM) in 2007 and this report provides an overview of the availability of equity funding and credit for new and growing companies in Israel.

13
Jun

New Dodd-Frank Whistleblower Requirements Approved by SEC

A public company’s “whistleblower” policies and procedures must take into account the potential impact of Section 21F of the Securities Exchange Act of 1934 entitled “Securities Whistleblower Incentives and Protection.”, which was adopted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”).  Among other things, Dodd-Frank established a whistleblower program that requires the Securities and Exchange Commission (“SEC”) to pay an award, under regulations prescribed by the SEC and subject to certain limitations, to eligible whistleblowers who voluntarily provide the SEC with “original information” derived from the independent knowledge or analysis of the whistleblower about a violation of the federal securities laws that leads to the successful enforcement of a covered judicial or administrative action, or a related action.  Dodd-Frank provides for bounties of 10% to 30% of the monetary sanctions exceeding $1 million resulting from an SEC enforcement action, or several enforcement actions rising out of the same set of facts. Dodd-Frank also prohibits retaliation by employers against individuals who provide the SEC with information about possible securities violations.   On May 25, 2011, the SEC voted to approve the Final Rules implementing the whistleblower provisions of Dodd-Frank and this report summarizes some of the key issues that public companies must now take into account in designing their internal procedures relating to employee reporting.

6
Jun

Brazilian Management Systems

While Brazil has clearly attracted international attention with respect to its rapid ascendency to the status of an emerging global economic power, it has not received as much attention as other BRIC countries (i.e., China, India and Russia) when it comes to analyzing and measuring aspects of modern business practices and organizational culture within Brazilian firms.  This report provides an interesting introduction to research that has been conducted on the historical and cultural foundations for the management styles and processes—the management systems—that can be observed in the dynamic and emerging Brazilian economy.