Automobile industry structures have to be at least as complex as railroad, steel and oil, because it depends on all three.
But it also fossilises industry structures and hinders the development of a more flexible labour market and a business environment more supportive of new-company creation two areas where Japan is also sadly deficient.
The Alibaba Group board discussed at numerous Board meetings over the past three years the impending imposition of new regulatory requirements on the online payment industry, including ownership structures, as they were being developed in China, and was told in a July 2009 board meeting that majority shareholding in Alipay had been transferred into Chinese ownership.
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Changes are required in the VC industry to include alternate fund structures, improved performance measures, standardized data reporting, and a focus on long-term results by reconsidering accounting rule FAS 157.
To attract different sources of money, the industry may need to offer different structures.
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It will take a lot more than looking again at charging structures to address recent scandals in the industry.
An independent panel of academics Monday cautioned Washington against rushing into an innovation-stifling regulation of investment banking, but urged that structures be put in place to ensure the industry itself bears the cost of any future federal bailouts.
Microfinance has therefore evolved as an industry and moving forward we should see professionalism and proper ownership and governance structures in place.
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The structures that were put in place at privatisation were essentially designed to manage an industry in decline, but since then there has been a surge in passenger numbers.
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