Search results for "Direct"
showing 10 items of 2669 documents
The futures of offshoring FDI in high-tech sectors
2010
This paper examines what is still a relatively new phenomenon in the literature, the outsourcing/offshoring of high-technology manufacturing and services. This has become a concern for both policy makers and academics for two reasons. Firstly, policy makers have become concerned that the offshoring of high-technology sectors in the West will follow the more labour intensive sectors, and move to lower cost locations. Secondly, international business theory has tended to view low costs, and high levels of indigenous technological development as being the two main drivers of location advantage in the attraction of FDI. We show that this may not be the case for offshored high-technology manufac…
Preferences for Referenda: Intrinsic or Instrumental? Evidence from a Survey Experiment
2019
The call for more direct democracy, and referenda in particular, is often heard and met with support from large numbers of citizens in many countries. This article explores the motives for supporting referenda: Do citizens support them for intrinsic reasons, because referenda allow them to exercise their democratic rights more directly? Or are preferences for referenda predominantly based on the expectation that they will produce desired policy outcomes and thus instrumentally motivated? Our survey experiment explores such instrumental preferences by assessing how substantial policy preferences affect individuals’ choice of referenda over alternative decision-making procedures. We show tha…
Reflexiones sobre una eventual reforma constitucional de los institutos de democracia directa y semidirecta
2017
Resumen:Pese a la teórica vinculación de la participación directa a la idea de democracia, la constituyente española fue extraordinariamente prudente en la regulación de los institutos de democracia semidirecta por temor de la izquierda a la repetición de las negativas experiencias históricas en el uso del referéndum; su decidida opción por la democracia representativa quedo fuera de toda duda en los debates parlamentarios. Por ello el texto de 1978 es extraordinariamente sobrio en la aceptación tanto de la iniciativa popular como del referéndum. Y no lo ha sido menos la práctica durante 40 años de estos instrumentos.Sin embargo, las más recientes formaciones políticas presentes en el Parla…
¿Se han hecho más democráticos los partidos en España? La evolución en las reglas de elección del líder (1977-2008)
2011
En este trabajo, los autores verifican si, entre 1977 y 2008, ha habido un aumento de la democracia interna en los principales partidos políticos españoles. Para ello, analizan el proceso de selección del líder, al tiempo que cuestionan si ha habido un incremento de la igualdad en la participación para elegirlo, favoreciendo sistemas representativos o de elección directa. El artículo plantea también la hipótesis de si el grado de igualdad en las reglas de la elección influye en el grado de competencia en la lucha por el liderazgo del partido. Para comprobar tal supuesto, los autores examinan las condiciones de elegibilidad así como la representatividad del cuerpo electoral que escoge al líd…
The Europeanization of Health Care Coverage Decisions: EU-Regulation, Policy Learning and Cooperation in Decision-Making
2013
The paper presents two cases of Europeanization in health policy – an area that has so far been viewed as hardly affected by European integration. We show that even in the less likely case of coverage decision-making, some traces of Europeanization can be found. This is possible because the Commission has a strong interest in further integration in this field and all other relevant actors have motives to at least engage in cooperation. Our first case deals with the EU’s transparency directive and shows that this has forced member states to establish formal decision-making procedures, but did not result in a harmonization of decision-making processes and institutions, which is why the Commis…
Fire risk sub-module assessment under solvency II. Calculating the highest risk exposure
2021
The European Directive 2009/138 of Solvency II requires adopting a new approach based on risk, applying a standard formula as a market proxy in which the risk profile of insurers is fundamental. This study focuses on the fire risk sub-module, framed within the man-made catastrophe risk module, for which the regulations require the calculation of the highest concentration of risks that make up the portfolio of an insurance company within a radius of 200 m. However, the regulations do not indicate a specific methodology. This study proposes a procedure consisting of calculating the cluster with the highest risk and identifying this on a map. The results can be applied immediately by any insur…
‘Senior Management’ of Insurance Undertakings
2015
This chapter treats the subject of senior management in insurance undertakings. This subject comes into view because this category appears in the nomenclature of the Solvency II Level 3 draft rules. This then leads to the question whether there is a fit-and-proper-review above and beyond the limits drawn in art. 42 of the Solvency II Directive, a question ultimately answered in the negative.
Own Risk and Solvency Assessment
2015
The own risk and solvency assessment under art. 45 of the Solvency II Directive forms the subject of this chapter. Initial attention is given to clarifying the role of ORSA in the insurance supervisory regime and the principles applicable to it. Then follows a discussion of the relationship of ORSA to the risk management function as well to the other key functions under the insurance supervisory regime. In conclusion, the chapter addresses, inter alia, the documentation, the public disclosure, and the supervisory powers involved in an ORSA procedure.
Integrating the Compliance Function into the Legal Department
2015
This chapter addresses a governance issue: whether it is permissible under the insurance supervisory regime of Solvency II for an insurance undertaking to merge its compliance function with its legal department. The Solvency II provisions in fact do not address the legal department of an insurance undertaking. But the tasks and powers of a legal department are in part the same as those of the compliance function under art. 46, para. 1 of the Solvency II Directive. The conclusion is thus: General insurance supervisory regime principles such as functional segregation and functional independence do not prohibit such a merger. Indeed, such a merger would seem to be advisable in many instances i…
Definition, Tasks and Legal Nature of the Compliance Function
2015
This chapter addresses the compliance function under art. 46, para. 1 of the Solvency II Directive. The first items to be addressed here are the normative bases of compliance under the insurance supervisory regime and its conceptual content. Then, the tasks and relevant requirements for compliance under the insurance supervisory regime are identified. The chapter concludes by examining the function of compliance under the insurance supervisory regime of the Solvency II system.