Comparative Corporate Governance : A Chinese PerspectiveSpringer Netherlands, 2003年4月1日 - 272 頁 In marked contrast to other regimes that have, virtually overnight, abandoned state control of enterprises and espoused Western models of corporate governance, China has pursued a gradual transition suited to its own unique traditions, culture, and customs. Although this new corporate system is still evolving, it is clear that China is now ready for a nation-wide movement of corporatisation and reform. Comparative Corporate Governance draws on the entire corpus of corporate governance theory, both East and West, and also on the experience of many countries since the 1930s, to develop a coherent model appropriate for China. In the process the author shows how various corporate mechanisms have been tentatively introduced into China's state-owned enterprises and how such experimentation has, piece by piece, provided a firm basis for a modern enterprise system. How to build an efficient and culturally appropriate governance system, both in law and in practice, on this foundation is the focus of this book. The analysis is notable for its insistence that, for a corporate governance system to work, the principles and practicalities of that system must be derived from customary cultural norms. Experience shows that imported models, although they may be enshrined in law, lead to economic stagnation unless actual practice is monitored and reformed and the laws change to reflect these necessary adjustments. Thus the model proposed here begins with the Company Law of 1994, and proceeds to show how practical experience is already providing valuable data for the task of improving the law. This process, by which law and business practice continue to "regulate" each other, is, in the author's view, the essential ingredient of a successful corporate system. The author's approach is fundamentally comparative. He discusses and analyses models that have either created globally powerful corporate economies or carried out reforms that have brought new insights to corporate development. In this connection he examines the law and experience of the UK, the USA, Germany, and Japan, as well as Chinese communities overseas and some former British Commonwealth countries. This remarkable book is of inestimable value to practitioners and academics in the field of international economic law. In addition, its often startling perspectives on the accepted models of corporate governance are sure to spark a reassessment of the nature of corporations and their role in social and economic life. |
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第 120 頁
... companies outside core sectors can be further reduced . It is worth noting that the China Securities Regulatory Commission ( CSRC ) recently passed new regulations to improve the corporate gover- nance of listed companies . The CSRC is ...
... companies outside core sectors can be further reduced . It is worth noting that the China Securities Regulatory Commission ( CSRC ) recently passed new regulations to improve the corporate gover- nance of listed companies . The CSRC is ...
第 121 頁
... listed company and its major shareholder that might prevent them from making objective judgments.37 One can only concurrently hold the post of independent director in a maximum of five listed companies and thus have enough time and ...
... listed company and its major shareholder that might prevent them from making objective judgments.37 One can only concurrently hold the post of independent director in a maximum of five listed companies and thus have enough time and ...
第 210 頁
... listed companies in developed countries account for 50 per cent of all businesses , they account for only 10 per cent in China . 10 Furthermore , while the capitalization of the stock market is around 40 per cent of GDP ( gross domestic ...
... listed companies in developed countries account for 50 per cent of all businesses , they account for only 10 per cent in China . 10 Furthermore , while the capitalization of the stock market is around 40 per cent of GDP ( gross domestic ...
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