Tag Archives: Corporate Governance

New Corporate Governance Vocabulary

23 Sep

I’ve added new terms to the list of Business or Corporate Governance Vocabulary

Don’t forget, the Chinese translations come from the Chinese students rather than professional translators. While I believe they are accurate, you may want to consult professionals before using them for official documents. This is mainly intended to contribute to daily conversation between English speaking Companies and Chinese companies.

Abbreviations:

v. = Verb
n. = Noun
adj. = Adjective
adv. = Adverb

(c) All Rights Reserved. You are welcome to use this material. However, if you do end up using these definitions in your material (educational, informational, or professional), please include either a link to this webpage or the following reference: Blessing, Olivia. “Corporate Governance Vocabulary.” DeceptivelyBlonde.com. This is for two reasons: 1) I’d like to share the resource with others. 2) I created these definitions myself. Thanks!

Appoint (v.) ~

  1. To select a person or group of people for specific work or for an official job . 委任 –Wěi rèn
  2. To select a specific time or date for an event. 任命 – Rèn mìng

 

Assets (n.) ~ Anything valuable or of worth that belongs to the company. Found on the Balance Sheet. 资产 – Zīchǎn

Balance of Power (n.) ~ The issue of whether power or authority is equally shared among the people so that no one person or group is stronger than the others. 均势 – Jūnshì / 权力平衡 – Quánlì Pínghéng

Business Practices (n.) ~ The usual methods, procedures, systems, traditions, and rules used by a company in accomplishing its goals. 商业惯例 – Shāngyè guànlì

Chairman (n.) ~ The Chief Officer of a company, appointed as the head of the Board of Directors. Responsible for developing corporate policy and supervising  the Executives. 董事长 – Dǒng Shì Zhǎng

Contribute (v.) ~ To give something (time, money, goods, effort, thoughts, ideas) as part of helping a group accomplish something. (Example – My contribution to the project was the Powerpoint I did)贡献 – Gòngxiàn

Controls (n.) ~ Rules or Restrictions use to limit or regulate something. 管制- Guǎnzhì

Corporate Structure (n.) ~ The system or plan for organizing a corporation’s groups, committees, and people. 公司结构 – Gōngsī Jiégòu

Decide (v.) ~ To make a conclusion or final choice about something. 决定 – Juédìng

Decision (n.) ~ A conclusion or final choice about something. 决议 – Juéyì

Director (n.) ~ Member of the Board of Directors which monitors the Executive Staff, works with the Shareholders, and makes some of the most significant decisions about the company’s purpose, values, ethics, goals, major activities, and future. 董事 – Dǒngshì

Executive (n.) ~ The senior manager or officer in charge of a specific area of the company who is responsible for making and implementing the significant day-to-day decisions. 高管 – Gāo Guǎn

Financial (adj.) ~ Connected to or associated with money or finances. – Cái / 金融 – Jīn róng

Fiscal (adj.) ~ Connected to or associated with money or finances (usually in terms of the cash flow, assets, and liabilities of a company). 财政 – Cái Zhèng

Liabilities (n.) ~ All debts or financial obligations a company owes . Found on the Balance Sheet. 负债 – Fùzhài

Member (n.) ~ Someone who has fulfilled all the requirements and been accepted into the group. (Example – “I am a member of the Wēixìn Group for my class”)  会员 – Huìyuán

Membership (n.) ~ One’s position as part of a group. The fact that someone has fulfilled all the requirements and been accepted into a specific group. (Example – “I have a membership with the gym.”) 会籍 – Huì Jí / 会员资格 – Huìyuán Zīgé

Minimum (n.) ~ The lowest possible amount of something. 最低限度 – Zuìdī Xiàndù

Nomination (n.) ~ The official recommendation or suggestion that someone deserves a specific job. 提名 – Tímíng

Performance (n.) ~ The way someone does their work. When reviewed by others, performance is usually judged by its effectiveness and efficiency. (Example – Your performance was very good; you did the job quickly and correctly). 绩效 – Jīxiào

Relevant (adj.) ~ Directly linked to or important to the issue being considered (Example – Whether or not the product test is successful is relevant to whether we sell it this year or not). 相应 – Xiāng yìng

Remuneration (n.) ~ The payment or reward a person gets for doing their job. 报酬 – Bàochóu

Report (n.) ~ A detailed account or explanation (written or spoken) about the person, group, or company’s activities, work, situation, research, etc汇报 – Huìbào

Report (v.) ~ To give the report to the audience. 报告 – Bàogào

Review (v.) ~ To examine or look over something to make sure it is correct, complete, adequate, or that you understand it. 回顾 – Huígù 

Risk (n.) ~ Something that puts important or valuable items in danger of being destroyed, damaged, or lost. 风险 – Fēngxiǎn

Strategy (n.) ~ A plan or method of accomplishing something. 战略 – Zhànlüè

 

Photo above is not mine. All Rights go to Suzanne Dibble, on who’s website I found the photo.

New Terms Added to Corporate Governance Vocabulary

2 Feb

I’ve added new terms to the list of Business or Corporate Governance Vocabulary

Don’t forget, the Chinese translations come from the Chinese students rather than professional translators. While I believe they are accurate, you may want to consult professionals before using them for official documents. This is mainly intended to contribute to daily conversation between English speaking Companies and Chinese companies.

Abbreviations:
v. = Verb
n. = Noun
adj. = Adjective
adv. = Adverb

(c) All Rights Reserved. You are welcome to use this material. However, if you do end up using these definitions in your material (educational, informational, or professional), please include either a link to this webpage or the following reference: Blessing, Olivia. “Corporate Governance Vocabulary.” DeceptivelyBlonde.com. This is for two reasons: 1) I’d like to share the resource with others. 2) I created these definitions myself. Thanks!

Continue reading

Corporate Governance Vocabulary

31 Dec

Hello!

This semester I had the wonderful opportunity to introduce my International Business Management students to the concept of International Corporate Governance.  They had studied the idea of corporate governance the previous semester, but it revolved significantly around US rules and regulations.

This time, my goal was to expand their understanding of Business Management, Corporate Law, and Business Ethics to an international level. The ultimate plan was for the students to understand the international parties, rules, and features of Corporate Governance.  At the end, the students should be fully capable of doing the research and opening up legal, ethical corporations around the world.

Unfortunately, I teach ESL students; it quickly became clear that in order for the class to proceed some Corporate Governance-related vocabulary was necessary.  Since I know many other students suffer from the same problem, I have decided to share with you the same vocabulary I shared with my students!

In the interest of helping English-speaking teachers or businesspersons trying to use Chinese, I have also included the Chinese translations my students provided for the words.   While I cannot attest to the validity of the Chinese terms (I highly recommend you verify these terms in case you need to use them in an official capacity), perhaps they can help in general conversation. 🙂 If you find corrections, please let me know in the comments!  

I’ll be updating the vocabulary page regularly over the next 15 weeks or so with new words (about 20-30 a week). 

Click below to visit the Vocabulary Page

CORPORATE GOVERNANCE VOCABULARY

I’d love to know if this resources helps anyone out and how you use the vocabulary terms in your work!  

Understanding Stocks and Share (Corporate Governance ESL)

11 Sep

**This is very simplified for the sake of ESL learners who are new to Corporate Governance.

Let’s pretend you want to start a corporation – you have a name and products.  But you need money.  You don’t have any money, your partner’s don’t have any money.  What do you do? The only thing you can sell for money is the company itself.  

So that’s what you do.  You decide that you will sell stocks.  What is a stock? – it is the right to claim the profit’s the company earns and the right to decide what the company does.  Now let’s say you divide the stock into 1000 shares – what is a share? – it is a small piece of paper saying you own 1/1000th of the stock – you get 1/1000th of the profits and you get 1 vote of a 1000 possible votes deciding what the company does.  In return for owning your share of the stock, you give the company money so that it can develop and grow.  To prove that you own the shares, when the corporation begins, it gives the owners, or shareholders as they are called, stock certificates – the papers we were filling out in class (basically fa piao or official receipts)

One person can buy more than one share – the board will decide a certain price for each share (i.e. $1 per share) and you can own as many shares as you pay for.  So let’s say I decide to pay $500 = I get 500/1000 shares = my vote will be counted 500 times and I will get 50% of the profits.  In most family-run corporations, family members will own 50-90% of the shares so that they control the majority of the votes and make most of the profit. If they own less than 50% of the shares, the other owners can out-vote them and make decisions for the company that the family doesn’t want.  This is a problem, so families are very careful to avoid that risk.  

The board has to think about this when starting the corporation because they will have to be careful about who holds power over the profits and votes.  Remember the agency relationship – the shareholders or stock-owners are the principals, the board is the agent – the shareholders can always vote to remove or change the board, but the board cannot replace owners they don’t like. Basically, the original board of directors chooses their owners by selling them shares, but once they do that all power goes to the new owner.   

**Note that the number doesn’t have to be 1000, the bigger the company the more shares will be available for purchase.