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We study the impact of tax and minimum wage reforms on the incidence of informality. To gauge the incidence of informality, we use measures of the extent of tax evasion, the extent of minimum wage noncompliance, and the size of the informal workforce. Our approach allows us to examine (i) the distinction between determinants of firm-level reported wage distribution and actual wage distribution, (ii) the complementarity of tax and minimum wage enforcement, (iii) the impact that a minimum wage reform has on tax and minimum wage compliance, and (iv) the impact that a tax policy reform has on tax and minimum wage compliance. We conclude with the design of optimal minimum wage and tax policies (even in the complete absence of minimum wage enforcement). We do so based on two objectives derived from popular concerns associated with an unchecked expansion of informality: tax revenue maximization, and poverty alleviation among workers.

Regulators can adjust penalties to compensate for incomplete monitoring of regulated parties that are subject to legal rules, but compensating penalty adjustments often are unavailable when regulated parties are subject to legal standards. Incomplete monitoring consequently invites greater noncompliance under standards than under rules. This chapter develops a model that quantifies some of the specific tradeoffs that regulators face in designing standards regimes under incomplete monitoring. The model also considers the extent to which suboptimal compliance due to incomplete monitoring is likely to result in deadweight loss in different settings.

This chapter reviews recent developments in the density discontinuity approach. It is well known that agents having perfect control of the forcing variable will invalidate the popular regression discontinuity designs (RDDs). To detect the manipulation of the forcing variable, McCrary (2008) developed a test based on the discontinuity in the density around the threshold. Recent papers have noted that the sorting patterns around the threshold are often either the researcher’s object of interest or may relate to structural parameters such as tax elasticities through known functions. This, in turn, implies that the behavior of the distribution around the threshold is not only informative of the validity of a standard RDD; it can also be used to recover policy-relevant parameters and perform counterfactual exercises.

Purpose – This study aims at presenting an overview, development, and process of current corporate governance practices in Bangladesh.

Design/Methodology/Approach – Based on New Institutional Sociology (NIS) as a theoretical framework and by using archival data, this study highlights the roles of key institutional forces in reinforcing the existing corporate governance practices in Bangladesh.

Findings – This study notes that corporate governance practices in Bangladesh are still at infancy. While Bangladesh is trying to adopt many international corporate governance best practices for institutional legitimacy, the weak institutional enforcement regime, along with the absence of an effective check and balance, poses serious challenges to the firm-level good corporate governance practices in Bangladesh. The absence of isomorphic pressures to regulate the firms leads to many incidences of noncompliance.

Practical implications – This study takes part in the following global debate: whether corporate governance in an emerging economy is a reality or an illusion.

Originality/Value – This study seeks to contribute to the increasing literature by recognizing the interest of readers, academics, practitioners, and regulators to gain more insight and understanding of corporate governance practices in an emerging economy, such as Bangladesh.

Purpose – This study explores the relationship between federal, state, and local governments in regard to evacuation policies. The issue of evacuation enforcement by force is explored from a practical as well as moral perspective, and the overarching question of whether mandatory evacuation policy is merely symbolic is examined. Last, implications of policy making for vulnerable and marginalized populations is explored, and the question of whether criminalization of failure to comply with evacuation orders carries ill effects for certain segments of the population is examined.

Design/methodology/approach – This chapter first evaluates the legal logistics and policy foundation of evacuation orders at the national and state level. The chapter then explores the implications for local governments, notably first responders in implementing evacuation policy. Finally, policy recommendations related to improvements to existing evacuation policy for all levels of government are offered.

Findings – There is a gap in public policy between the expectations of the federal government and the implementation of evacuation policy at the local and state level. Policy and law changes that improve the ability of local governments to more effectively warn communities about the risks of noncompliance should occur in a way that minimizes the social disparities inherent in existing policy schemes.

Originality/value of paper – Evacuation policy is often considered as an afterthought to disaster planning and does not rise to the top of any government agenda until after a catastrophic event. This chapter encourages policy makers to be more proactive in developing evacuation policy that capitalizes on the effects of federalism to minimize the risks associated with natural and human-caused hazards.

Part IV provides readers with the extant requirements for the application of materiality to recognition, measurement, presentation, and disclosure in the financial statements. This part also includes a detailed critical review of the recent Practice Statement on materiality, the FASB’s proposed ASU on the notes and the amendments to the Conceptual Framework proposed by the IASB and the FASB.

The part expands to issues that are typical of Management Commentary, including the SEC guidance on materiality in Management Discussion and Analysis.

It informs about the complexities and subtle differences between financial statements and bookkeeping and the different standards of reasonableness versus materiality.

A section moves from materiality to material misstatements and covers the application of materiality in auditing.

Another section goes in depth on internal control over financial reporting, showing the linkages between materiality and risk appetite and risk tolerance and the related application guidance.

The position of France – President Nicolas Sarkozy reiterated the French nuclear doctrine in a speech in Cherbourg. For the first time, a French president dealt at length with the problems of disarmament. He also clarified the French position: Paris has always been doubtful about the “Global Zero” level advocated by some other countries.

Under President Jacques Chirac another element was added: the force de frappe could be used against the leadership of states that use terrorism against France as well as those that envisage using weapons of mass destruction. In addition to the vital interests of the French nation, “the interests of nations allied to France” consacrated a first step toward a common European policy in nuclear matters.

From the beginning of the Fifth Republic (1958) till today, there has been a wide consensus on defense issues, particularly on the force de frappe. Even the Socialists under Mitterrand rallied to the necessity of a policy of deterrence; the Communists, though proponents of total nuclear disarmament, did not oppose it.

The position of European Union – However, the European Union has worked on strategy policies on subjects such as the Union action plan on chemical, biological, radiological, and nuclear security; nuclear nonproliferation; European security strategy; etc.

The European Union consists of two nuclear states and 25 nonnuclear states. It makes it difficult to find a unified approach toward disarmament. Despite the Treaty of Lisbon and the creation of post of a high representative for foreign affairs and security policy, the European Union struggles to define a common foreign policy.