Unit 6 Section A I. Background Knowledge Chrysler Corporation The Chrysler Corporation, founded in 1924, used to be one of the three largest American automobile manufacturers whose brands include both passenger and commercial vehicles such Chrysler, Jeep(R and Dodge. The other two largest American automobile manufacturers are General Motors and Ford. In addition to auto making Chrysler is also engaged in financial services, providing loan services(mostly)to car buyers. In 1998 it merged with Daimler-Benz AG (of Germany)(best known for its Mercedes-Benz brand name) to become part of the Daimler Chrysler Corporation, which is jointly owned by European, U.S. and other international U.S. Securities and Exchange Commission (SEC) A U.S. government agency, whose mission is to protect investors and maintain the integrity of the securities markets. The Commission was set up by the U. S. Congress in 1933 in response to Black Monday", the Great Stock Market Crash of 1929. Its purpose was to restore investor confidence in the U.S. capital markets by providing more structure and government oversight. It is based on the concept that all investors, whether large institutions or private individuals, should ave access to certain basic facts about an investment prior to buying it. To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public which provides a common pool of knowledge for all investors to use to judge for themselves if a company's securities are a good investment. It is believed that only through the steady flow of timely, comprehensive and accurate information can people make sound investment decisions. At present the SEC is comprised of five presidentially-appointed Commissioners, four Divisions and 18 Offices, with a total of about 3, 100 staff. The International Chamber of Commerce The aim of the International Chamber of Commerce (ICC), founded in 1919, is to serve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital. Its activities cover a broad spectrum, from arbitration and dispute resolution to making the case for open trade and the market economy system, business self-regulation, fighting corruption or combating commercial crime. The ICC is made of a World Council (its governing body) and individual national committees and groups. Individual companies, corporations, professional associations as well as individuals can also join the ICC as individual members II. Text analysis many he passage is broadly put into three parts: bribery has become a common occurence in ly countries, three main categories of bribery, and the efforts to ban bribery and the result. The whole passage is organized in problem-solution pattern In the first part, the phenomenon(the problem)is described; in the second, the questionable payments are analyzed; and in the third, the efforts for solution and the result are presented The illustration of the problem(Paras. 1-4)Unit 6 Section A I. Background Knowledge Chrysler Corporation The Chrysler Corporation, founded in 1924, used to be one of the three largest American automobile manufacturers whose brands include both passenger and commercial vehicles such as Chrysler, Jeep® and Dodge. The other two largest American automobile manufacturers are General Motors and Ford. In addition to auto making, Chrysler is also engaged in financial services, providing loan services (mostly) to car buyers. In 1998 it merged with Daimler-Benz AG (of Germany) (best known for its Mercedes-Benz brand name) to become part of the DaimlerChrysler Corporation, which is jointly owned by European, U.S. and other international investors. U.S. Securities and Exchange Commission (SEC) A U.S. government agency, whose mission is to protect investors and maintain the integrity of the securities markets. The Commission was set up by the U.S. Congress in 1933 in response to “Black Monday”, the Great Stock Market Crash of 1929. Its purpose was to restore investor confidence in the U.S. capital markets by providing more structure and government oversight. It is based on the concept that all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it. To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public, which provides a common pool of knowledge for all investors to use to judge for themselves if a company’s securities are a good investment. It is believed that only through the steady flow of timely, comprehensive and accurate information can people make sound investment decisions. At present the SEC is comprised of five presidentially-appointed Commissioners, four Divisions and 18 Offices, with a total of about 3,100 staff. The International Chamber of Commerce The aim of the International Chamber of Commerce (ICC), founded in 1919, is to serve world business by promoting trade and investment, open markets for goods and services, and the free flow of capital. Its activities cover a broad spectrum, from arbitration and dispute resolution to making the case for open trade and the market economy system, business self-regulation, fighting corruption or combating commercial crime. The ICC is made of a World Council (its governing body) and individual national committees and groups. Individual companies, corporations, professional associations as well as individuals can also join the ICC as individual members. II. Text Analysis The passage is broadly put into three parts: bribery has become a common occurrence in many countries, three main categories of bribery, and the efforts to ban bribery and the result. The whole passage is organized in problem-solution pattern. In the first part, the phenomenon (the problem) is described; in the second, the questionable payments are analyzed; and in the third, the efforts for solution and the result are presented. The illustration of the problem (Paras. 1-4)