Business_English_(Unit_2_Companies)[1]

research and development and manufacturing [,mænjə'fæktʃərɪŋ]研发和生产
final salary pension scheme ['pɛnʃən] [skim] 按最终薪水给付的养老金计划
non-cash reward [rɪ'wɔrd]非现金形式的奖赏 once-in-a-lifetime 千载难逢的，令人难忘的 career goal 职业目标 senior management ['mænɪdʒmənt]高层管理人
员
Vocabulary: Benefits and Incentives
Discuss: What is most important to you when choosing a job?
an impressive job title training and staff development a good salary a pension flexible working hours opportunities to travel opportunities for promotion parental leave days off and long holidays a company car
What a lovely place Xerox is to work! Kim Moloney, a client services executive, can’t say enough nice things about her employer. ‘It’s a very special environment,’ she says, ‘People describe Xerox as a family and I was amazed at the number of people who have worked here for so long.’

LESSON 2Talking About Your JobWhat Do You Think?ABC Manager is talking to the newly hired employees explaining their job duties and responsibilities. What do you think is their job? Explain their duties and responsibilities.Let’s Try It!Read the dialogue with correct intonation and stress.Jack: Hi Peter. Can you tell me a little bit about your current job?Peter: Certainly what would you like to know?Jack: First of all, what do you work as?Peter: I work as a computer technician at Schuller's and Co.Jack: What do your responsibilities include?Peter: I'm responsible for systems administration and in‐house programming.Jack: What sort of problems do you deal with on a day‐to‐day basis?Peter: Oh, there are always lots of small system glitches. I also provide information on a need‐to‐know basis for employees.Jack: What else does your job involve?Peter: Well, as I said, for part of my job I have to develop in‐house programs for special company tasks.Jack: Do you have to produce any reports?Peter: No, I just have to make sure that everything is in good working order.Jack: Do you ever attend meetings?Peter: Yes, I attend organizational meetings at the end of the month.Jack: Thanks for all the information, Peter. It sounds like you have an interesting job. Peter: Yes, it's very interesting, but stressful, too!It’s Your Turn!Try to give your opinion on the following situation:Please explain in details your duties and responsibilities in your current job.Useful Vocabulary:Computer technicianday‐to‐day basisglitchgood working orderin‐houseneed‐to‐know basisgood working orderOrganizational meetingStressful。

Task 2 Listen to three department managers describing their job responsibilities and complete the table below. (Page 16)
u02LST2
Part II Listening & Speaking
Job Description
Financial Director
Be responsible for all accounting, financial and taxation matters; Help different departments with annual budgeting and spending
Task 1 Listen to a conversation and fill in the blanks. (Page 15)
1) I haven’t seen you for years. 2) what do you do now? 3) I’m in the Research and Development Department. 4) I knew you’d do something very challenging and
1. personnel management 2. developing markets 3. planning 4. execution 5. sales targets 6. team performance
9. selecting, developing and managing
10. cost-effective 11.on time 12.of good quality 13.human and material resources

2.3 Law of corporation2.3.1 Definition of corporationCorporation is a corporate body that generally is set up by two or more persons( shareholders) according to Contract law carrying on a business for profit.Company and corporationIn English, company may or may not be a separate legal entity. Company is broader than corporation. Corporation has a strict legal meaning . The corporate form is the most important type of business organization. When it is registered that meansa corporation become separate legal entity.2.3.2 Nature of corporationCorporation is a separate legal entity and an independent enterprise legal person, which has independent property of a legal person and enjoys the property right of a legal person. The company shall be liable for its debts to the extent of its entire property, namely the company shall take a limited liability for its debts.Shareholders contribute capital to incorporate a corporation, Once the company is formed legally, the company is separated from the shareholders. Shareholders of a company shall assume liability towards the company to the extend of the capitalcontributions subscribed respectively by them. Shareholders take a limited liability for the debts of company.Classification of corporation1. Limited liability company2. Company limited by share2.3.3 Creation of corporation1. Incorporation procedure(1) Select a name of the company(2) Draw up article of association(3) Certificate of incorporation(4) Appoint a director(5) Complete and lodge the application form2. Name and registrationGenerally, company should have a name and is registered by the administration. If all shareholders are liable for limited liability, the name must include the word of limited (Ltd).3. Article of associationArticle of association is an important document of company, It generally regulates the company’s internal affairs and management . It is one of primary document required to incorporate a company in most counties. Article of association is also called a constitution of a company.4. TaxCorporations are taxable entity, corporations have a double tax problem, both corporate profit and shareholder dividends are taxed, but corporate profits are taxed at lower rate.2.3.4 Corporate managementThe corporation is a legal person，that has standing to sue and be sued. As an artificial person it is still a paper structure and company can only act through human agents. So it must act through its shareholders’ s general meeting and board of director 1. Shareholders’ general meetingShareholders’ general meeting is company’s highest organof power. The general meeting has a power to decide all major issues of company. Shareholders shall exercise their voting rights at the shareholders’meeting in proportion to their respective capital contributions, unless it is otherwise stipulated by the company’s article of association.When any resolution is to be made at shareholders’ meeting It shall be adopted by the shareholders representing more than half of the voting rights.Any resolution made at the shareholders’committee on the company’s increase or reduction of registered capital, division, merger, dissolution or change of corporate formshall be adopted by shareholders representing two-thirds of the voting rights.2. Board of directorsBoard of directors is a decision-making organ of company. It decides the major issues of company. The one- person one- vote system shall be practiced for voting on resolutions of the board of directors .3. Corporate governanceCorporate governance is the system arrangement that links and regulates the relationship、interest and accountability among the shareholders’ meeting、board of directors、board of supervisors and managers. It includes the organization structure and operating mechanism of the company. The operating mechanism is that the organizational structures of the company, namely shareholders’ meeting、board of directors、board of supervisors and managers, motivate and supervise and check and balance each other in the course of the operation and management of company.2.3.5 Winding upWinding up is the process of bringing a company to an end, and it is also called as dissolution. or liquidation, It occurs when the company is unable to pay its debts or shareholders will notcontinue to run the company or is prohibited by court of law on the ground of public good. Under this legal process,the creditors are paid out, the surplus, if any, are distributed among the shareholders, and the company is deregistered. Liquidations generally come in two forms, either compulsory liquidation or voluntary liquidation.Review and Exercise1 What is the definition, nature and feature of partnership？2. How to understand limited liability partnership?3. What is the definition, nature and feature of company?4. How to understand the corporate governance structureand its role in the operation of company?5. What kinds of business organization , do you considerwhen you plan to set up a venture? What factors will you think in establishing a business organization ?。