- Volume 11, Number 3 (2023)
"SECURING FUTURES: THE CRITICAL ROLE OF INTERNAL AUDIT IN STATE-OWNED ENTERPRISE MANAGEMENT"
Chen Wei
Internal audit, as an impartial validation and advisory function, holds a pivotal role in enhancing the stability, safety, and sound functioning of state-owned enterprises (SOEs). It achieves this by assessing and enhancing the efficiency and effectiveness of internal controls, risk management, and corporate governance processes. SOE internal audits, a vital component of our national audit framework, contribute significantly to the strengthening, expansion, refined management, reform, and innovation within enterprises. These audits employ their supervisory and evaluative functions to uncover and resolve developmental issues while concurrently offering consultancy and support in critical areas such as risk prevention and internal control evaluation,...
"SUSTAINABILITY IN FOCUS: EVALUATING CANADA'S ECONOMIC PROSPERITY AND CARBON EMISSIONS"
David Thompson, Emily Williams
Canada, a prominent global economy and an OECD member, boasts substantial wealth, but also faces the challenge of being one of the world's largest energy consumers. Per capita energy consumption in Canada is slated to exceed 300 million joules in 2020, a rate three times the global average and among the highest worldwide. Correspondingly, Canada ranks tenth among major global polluters in total carbon emissions and is forecasted to have the highest per capita carbon emissions. This study delves into the intricate connection between Canada's annual carbon emissions and its economic growth. By examining these interrelated factors, the research aims...
UNLOCKING GROWTH: PROBING INTO THE NEXUS OF BOARD CHARACTERISTICS AND CORPORATE SUCCESS"
Richard James Wilson
Over the past three decades, extensive research has illuminated the intricate connection between corporate boards and organizational performance. This relationship was notably emphasized by Professor John in his 1991 article titled "The Relative Power of CEOs and Boards of Directors." Robust boards have demonstrated the capacity to drive superior company performance, underscoring the profound association between board effectiveness and corporate outcomes. However, the widespread dissemination of this finding has led many small and medium-sized enterprises to expand their board sizes as a performance enhancement strategy. This approach, it is increasingly clear, does not guarantee improved company performance. Often, company management...
FROM AMBITION TO ACTION: GROWTH STRATEGIES FOR BIOMASS ENERGY ENTERPRISES IN THE DUAL CARBON ERA"
Wang Xiaojun
In the wake of China's introduction of the "dual carbon goals" in 2020, the imperative of fostering green renewable energy has taken center stage in the pursuit of low-carbon development. Notably, biomass energy stands out as the singular zero-carbon energy source on a global scale. Accelerating the growth of the biomass energy sector emerges as a strategic pathway towards realizing the "dual carbon" objectives. Presently, biomass energy utilization constitutes less than 10% of China's renewable clean energy portfolio, signifying ample room for expansion for biomass energy enterprises. Against the backdrop of the "dual carbon" goals, this paper identifies considerable opportunities...