...ntRelative Performance Evaluation and Target Setting MARTIN HOLZHACKER Erasmus University Rotterdam MATTHIAS D. MAHLENDORF WHU – Otto Beisheim School of Management MICHAL MATĚJKA W.P. Carey School of Business, Arizona State University Draft – Please do not cite or circulate without permission of the authors March 2013 2 Relative Performance Evaluation and Target Setting ABSTRACT It is well known that compensation contracts can improve risk sharing by incorporating information about peer performance ex post, i.e., once the performance of a unit as well as its peers is observed. In this study, we examine whether peer performance is also used ex ante, i.e., when setting performance targets at the beginning of a period. We analyze data on 2008– 2010 performance targets from 354 units of a national agency responsible for reintegration of the long-term unemployed into the labor market. We find evidence that a target for a performance measure is strongly positively associated with past peer performance on the same measure as well as past peer performance on a different measure. Thus, performance targets are lower whenever past peer performance is weak on at least one of its dimensions. We also find that the relative weights on different measures of peer performance are proportional to their capacity to filter out common risks. We conclude that using information about past peer performance improves risk sharing and alleviates adverse incentive effects ...
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...A Large Scale Web-Based Virtual Oscilloscope Laboratory Experiment |S.H. Chen, V. Ramakrishnan, R. Chen, S.Y. Hu, Y. Zhuang, | | | |C.C. Ko, Ben M. Chen | |Department of Electrical Engineering | |National University of Singapore | |10 Kent Ridge Crescent, Singapore 117576 | |E-mail: elekocc@nus.edu.sg | Abstract VLAB, a pilot web-based virtual laboratory on an oscilloscope experiment has been developed and launched for over 1000 first year undergraduate engineering students in the Faculty of Engineering in NUS (National University of Singapore). Rather than simulating the oscilloscope display on the client as is often done in other virtual laboratories, the system uses real-time video capture of the actual oscilloscope's display. In addition, the use of the mouse to turn the control buttons and knobs of the instrument has been implemented so that a more realistic feel of...
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...U.S. Customs and Border Protection From Wikipedia, the free encyclopedia Jump to: navigation, search U.S. Customs and Border Protection Common name U.S. Customs and Border Protection Abbreviation CBP U.S. Customs and Border Protection patch.png Patch of CBP U.S. Customs and Border Protection logo.png Logo of the U.S. Customs and Border Protection CBP Badge.jpg CBP officer badge Agency overview Formed March 1, 2003 Preceding agencies Some functions of the United States Department of Agriculture Immigration inspectors and the United States Border Patrol Functions of the United States Customs Service Employees 62,450+ (2016) Annual budget $13.56 billion (2016) Legal personality Governmental: Government agency Jurisdictional structure Federal agency USA General nature Federal law enforcement Civilian agency Operational structure Headquarters Ronald Reagan Building Washington, D.C. Federal Law Enforcement Sworn Officers 45,741 Agency executives R. Gil Kerlikowske, Commissioner Kevin K. McAleenan, Deputy Commissioner Parent agency U.S. Department of Homeland Security Website www.cbp.gov Customs and Border Protection (CBP) is the largest federal law enforcement agency of the United States Department of Homeland Security charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. regulations, including...
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...Introduction The welfare of a company depends on the shoulders of the directors and the directors are also responsible for the interests of the company as well as shareholders. Directors are basically fiduciary agents and they owe duties to the company, directors' are appointed by the company's shareholders to run the company's affairs for the benefits of the shareholders. Moreover, no company can get success without having the good and honest directors, so company success can only be achieved, if the directors of the company fulfil their duties and complete enforcement of the director's duties. Therefore directors play very significant role in any corporate governance system. Director's general duties are based on the certain common law rules and equitable principles. Lord Judge Bowen explains director's duties in these beautiful words that “directors are described sometimes as agents, sometimes as trustees and sometimes as managing partners. But each of this expression is to be used not as exhaustive of their powers and responsibilities, but indicating useful points of view from which they may for the moment and for the particular purpose be considered.” The Chapter 1 of this paper is amid to critically analyze that what are the duties and responsibilities of directors under Companies Act 2006. The duties of directors alone are of no importance if they cannot be fully enforced, the chapter 2 of this piece of work relates to the system of enforcement which provides the different...
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...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission President’s...
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