First pension funds directive

Article Abstract:

The European Commission released the draft form of a Pension Funds Directive that will allow pension trusts to maximize usage of Capital Movement Directives and take advantage of the liberalization of asset custody and portfolio management services in the European Community. The proposed Directive will place emphasis on the function of pension funds as financial facilities in the context of the accessibility of transboundary investment and management of pension funds. The Directive, however, does not have provisions for accessibility to transborder pension fund membership. The Directive will be applicable to all institutions with provisions for retirement and will forbid prerequisite systematic notification in the decision making duties of fund managers.

Laws, regulations and rules, Social policy, Pension funds, European Union. European Commission

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A new ideology for managers

Article Abstract:

The decreasing U.S. competitiveness in manufacturing is a subject that worries businessmen any academics. Managers should change their way of thinking concerning government and acknowledge the fact that an alliance could be highly beneficial. Corporations as a whole should change their internal structure in the direction of greater collaboration and less hierarchy. Salaries of executives at all levels should be tied to productivity just as the line worker's is. Trade unions should be invited to participate in strategy and tactical sessions of a company in order to enroll their help and increase productivity.

Analysis, Management, International business enterprises, Multinational corporations, Statistics, Industrial productivity

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