The People's Daily announce the new rules regarding anti-corruption in business in China. They attempt to eliminate the following:
"According to the regulation on officials' accountability, officials with the following misconduct should be removed from their posts:
-- Making a wrong decision that leads to great losses or has serious negative impact;
-- Serious or a spate of accidents or cases occurred in the official's jurisdiction or working unit due to his or her dereliction of duties;
-- Serious or a spate of accidents or cases occurred in the official's scope of duty due to lax management or supervision by government;
-- Power abuse, malfeasance, or ordering or encouraging others to commit illegal administrative activities, which lead to group protest or other serious incidents;
-- Incorrect handling of group protests or accidents, which exacerbates the situation or has serious negative impact;
-- Violating official selection or appointment regulations, which leads to mistakes in appointing officials and have serious negative impact;
-- Other conduct that harms national interests, results in great losses to people's lives, personal or public property, or has serious negative impact."
One could imagine if the US Senate implemented such rules in American business.
"According to the regulation on officials' accountability, officials with the following misconduct should be removed from their posts:
-- Making a wrong decision that leads to great losses or has serious negative impact;
-- Serious or a spate of accidents or cases occurred in the official's jurisdiction or working unit due to his or her dereliction of duties;
-- Serious or a spate of accidents or cases occurred in the official's scope of duty due to lax management or supervision by government;
-- Power abuse, malfeasance, or ordering or encouraging others to commit illegal administrative activities, which lead to group protest or other serious incidents;
-- Incorrect handling of group protests or accidents, which exacerbates the situation or has serious negative impact;
-- Violating official selection or appointment regulations, which leads to mistakes in appointing officials and have serious negative impact;
-- Other conduct that harms national interests, results in great losses to people's lives, personal or public property, or has serious negative impact."
One could imagine if the US Senate implemented such rules in American business.
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