The performance of Public Enterprises (PEs) in Namibia has been a long and contentious issue, clamored by continuous bailouts in the face of constant poor performance. The trend of financial bailouts to PEs in Namibia over the years has attracted increased attention into the dynamics of poor PE performance and their fiscal burden on the state. The Namibian government has taken active steps in cutting on PE bailouts and demanding improved performance or face closure. By looking at recent developments in the governance of PEs in Namibia, the purpose and objective of the current study is to analyze whether the current stance and trajectory of government decisions spells a post-honeymoon period in which poor performing PEs will ‘wither and survive or die’ if they do not improve their sustainability index by not relying on financial bailouts. This analysis is aided by the insights provided by the stakeholder, institutional and principal-agent theories. Through the qualitative research method, this study finds that the Namibian government has taken a new attitude and approach in which it will no longer blindly accept and tolerate the poor performance of PEs through continuous bailouts as seen in the past. PEs that are withering will now either survive (through reforms) or die (through liquidation or dissolution).
The Olefin aromatization is an important method for the upgrade of catalytic cracking (FCC) gasoline and production of fuel oil with high octane number. The nano-ZSM-5 zeolite was synthesized via a seed-induced method, a series of modified nano-ZSM-5 zeolite samples with different Ga deposition amount were prepared by Ga liquid deposition method. The XRD, N2 physical adsorption, SEM, TEM, XPS, H2-TPR and Py-IR measurements were used to characterize the morphology, textural properties and acidity of the modified ZSM-5 zeolites. The catalytic performance of the Hexene-1 aromatization was evaluated on a fixed-bed microreactor. The effects of Ga modification on the physicochemical and catalytic performance of nano-ZSM-5 zeolites were investigated. The Ga species in the modified nano-ZSM-5 zeolites mainly exist as the form of Ga2O3 and GaO+, which provide strong Lewis acid sites. The aromatics selectivity over Ga modified nano-ZSM-5 zeolite in the Hexene-1 aromatization was significantly increased, which could be attributed to the improvement of the dehydrogenation activity. The selectivity for aromatics over the Ga4.2/NZ5 catalyst with suitable Ga deposition amount reached 55.4%.
The pursuit of good governance by companies confronts a fundamental challenge: defining what constitutes “good governance”. Existing corporate governance codes and their implementation documents fall short of offering a clear answer to this crucial question. Despite the establishment of a reference framework years ago, the focus has shifted from defining the objectives of good governance to a consensus on the means of achieving these objectives. Unfortunately, this consensus often absolves stakeholders from providing detailed explanations. Achieving effective good governance necessitates a shift in focus towards the underlying goals of governance structures. Two potential approaches emerge in this context. While many companies rely on codes without explicitly outlining their objectives, there is a compelling case for urging or mandating them to articulate the purposes of the governance methods they employ in their reports. This level of specificity has the potential to enhance the reflective qualities of the transparency process, fostering a more comprehensive understanding of the governance landscape. Beyond merely discussing the objectives of corporate governance, the pursuit of good governance necessitates the implementation of instruments whose efficacy transcends reliance solely on market discipline. The aim is not to undermine the imperatives of transparency and justification. Instead, the intention is to recognize that these elements, while essential, do not independently ensure the effectiveness of soft law instruments, such as governance codes. Nowadays, it is crucial to assess the extent to which traditional corporate governance codes respond to the needs of companies in the era of digitalization and sustainability. Therefore, conducting a critical analysis of the existing corporate governance codes will contribute in shedding light on the gaps of these instruments to come up with recommendations for improvements. Aims and objectives: This article will focus on the following areas: Defining the role and purpose of corporate governance codes in enhancing corporate performance and accountability and discussing the challenges and limitations of corporate governance codes, including compliance issues and enforcement challenges. Presenting empirical evidence on the impact of corporate governance codes on corporate behavior and analyzing, through the principle of comply or explain, whether code adherence leads to improved corporate governance practices and financial performance. Discussing emerging trends in corporate governance and offering recommendations for improving the effectiveness of corporate governance codes.
This research aims to determine and analyze the extent of the influence of community empowerment and sustainability-oriented innovation on sustainable performance through coworking spaces in the city of Bandung. To achieve the research objectives, a deductive approach is employed, intending to test a hypothesis to strengthen or reject existing hypotheses. Therefore, this research is also categorized as explanatory research. The research method used is the survey research method. The research sample is determined based on proportional stratified random sampling. This study focuses on business groups in coworking spaces in the 28 districts of Bandung City, with a total of 408 business operators. The sample selected consists of 208 business operators. Based on the research results, several conclusions are drawn, as follows: (1) Community empowerment has a significantly positive influence on sustainability performance, with a contribution of 84.5%; (2) Sustainability-oriented innovation has a significantly positive influence on sustainability performance, with a contribution of 69.2%; (3) Community empowerment has a significantly positive influence on Coworking Space, with a contribution of 93.6%; (4) Sustainability-oriented innovation has a significantly positive influence on Coworking Space, with a contribution of 36%; (5) Community empowerment has a significantly positive influence on sustainability-oriented innovation, with a contribution of 90.6%; (6) Coworking Space has a significantly positive influence on sustainability performance, with a contribution of 34%; (7) Community empowerment has a significantly positive influence on sustainability performance through Coworking Space, with a contribution of 20.7%; and (8) Sustainability oriented innovation has a significantly positive influence on sustainability performance through Coworking Space, with a contribution of 12.2%.
One crucial metric for estimating a reservoirs and dam’s lifespan is sedimentation. It is dependent upon sediment output, which in turn is dependent upon soil erosion. The study area, the Aguat Wuha Dam, was located in Simada woreda, of northwestern parts of Ethiopia. And the study's goal was to use Arc GIS and RUSLE adjusted to Ethiopian conditions to assess potential soil erosion and sediment output from the watershed and identify hotspot locations for appropriate planning for erosion and sedimentation problem management techniques to make the outputs of the dam project more productive and effective for the proposed and suggested purpose of the dam. To predict the geographical patterns of soil erosion in the watershed, the Geographic Information System (GIS) was combined with the revised universal soil loss equation (RUSLE). A soil erosion map was produced using ArcGIS by utilizing all of the model's parameters, including Erosivity, erodibility, steepness, land use, land cover, and supportive practice factors. The watershed's yearly soil loss varies from 0 to 413.86 tons/ha. In order to determine the erosion hotspot area, the average annual soil loss value was discovered to be 9.24 tons/ha/year and was categorized into six erosion severity classes: low, moderate, high, very high, severe, and very severe. These findings indicated that 162.57 ha and 699.17 ha of the watershed were considered to be extremely and severely vulnerable to soil erosion, respectively. It was discovered that the anticipated sediment yield supplied to the outlet varied from 0 to 104.94 tons/ha/year. By standing from the implications of the assessments of the geological, geotechnical, topographical, and socioenvironmental considerations Watershed management is the most effective way to reduce the amount of sediment produced and the amount that enters the reservoir among the several reservoir sedimentation control options that are available.
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