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At the Congregation's fourth session on 13 November, the University conferred honorary degrees on three prominent and distinguished people. Dr William Mong Man-wai (1), Chairman and Senior Managing Director of the Shun Hing Group and dedicated community leader, was conferred with the honorary degree of Doctor of Social Science. Professor Qu Geping (2), a seminal figure in the development of China's environmental protection policies
In a festive and jubilant mood, more than 250 alumni came home to CityU to mingle with each other, catch up with their professors and mentors and, above all, learn more about the latest developments at their alma mater.
Has the US government overreacted to the corporate scandals of Enron, WorldCom, Global Crossing and like? Is the Sarbanes-Oxley Act, passed in July 2002, an effective antidote to growing corporate dishonesty and a powerful catalyst in restoring investor confidence, or is it another set of overly restrictive rules that will punish most other businesses that have all along abided by the rules? How is the recent American reform looked upon as a model for the rest of the world?
As part of its bid to enrich the learning experience, CityU encourages students to take part in its Student Exchange Programme. Under this scheme, students are eligible to apply for Student Exchange Fund (SEF) sponsorship to study in one of CityU's partner institutions for one or two semesters. Successful SEF candidates receive support up to a maximum of 50% of the total costs incurred for passage, accommodation and incidental charges.
Corporate governance, some say, is an expansive web of mechanisms put into place within and outside corporations to ensure the interests and behaviour of managers match shareholders' expectations. In the academic world, scholars attempt to unravel the complexity of the problem from different angles and approaches.
Wouldn't it be good to know that, in the wake of an avalanche of corporate malfeasances, there was a surefire and trustworthy way to gauge how well the listed companies in Asia are governed, rather than having to pore over their annual reports and financial statements? If CityU's Professor Stephen Cheung has his way, by the end of 2003 Asian and global investors could find solace in an innovative corporate governance scoring system he is currently devloping.
Enron, WorldCom, Adelphia Communications, Tyco International... The apparently endless string of corporate scandals not only sent embattled US investors scurrying for cover but also triggered off a new round of self-examination among Asian listed corporations and market regulators, including Hong Kong.
The 17th Congregation marked a new chapter in the lives of this year's 6,864 graduates.
Five CityU teachers have made their mark this year. The 2002 Teaching Excellence Awards (TEA) winners were selected on the virtue of their teaching skills, promotion of the University's teaching culture and the ability to keep students up-to-date in their subject areas, said Professor K S Chiang, Panel Chair of the TEA Scheme and Associate Head of the Department of Electronic Engineering.
On 25 November, seven days after the Independent Committee (IC) submitted a report on the recent events in the School of Law (SLW), the Council, decided unanimously to accept the IC's major findings and recommendations, but added a few caveats.