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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.
Acertain Fred Smith received little encouragement at university. His brainchild, which eventually revolutionized the delivery of packages and information, began life as a final year project at Yale University. Mr Smith, FedEx founder and CEO, received a C for that project. His ideas were considered logistically unfeasible.
Five local economists presented their views on the Hong Kong government's budget for 2002-2003 at a special economic forum hosted by CityU's APEC Study Centre on 7 March.
The mainland and Hong Kong must work hard to ensure that both sides benefit from any future economic partnerships, otherwise such ventures will not flourish, concurred the speakers at a recent CityU forum on regional economics.
If a group of management sciences professors at City University have their way, the Centa-City Index, a winner of CityU's prestigious Applied Research Excellence Awards in 2001, may become as widely accepted and creditable as the Hang Seng Index in measuring the territory's economic health.
Hong Kong has never been short of indices, particularly in the economic and business arena. We have, for example, the Hang Seng Index to gauge the volatility of its stock market. CityU's Department of Management Sciences, in co-operation with Centaline Property Agency Ltd, produces the Centaline Index to record the ups and downs of the local residential property market.