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 1 到 3 筆結果,共 39 筆
第 15 頁
... Recently there has been an increase in the number of institutional investors ; institu- tions are expected to monitor ... recent years that their slow response to the changing environ- ment and their hesitation to take a significant step ...
... Recently there has been an increase in the number of institutional investors ; institu- tions are expected to monitor ... recent years that their slow response to the changing environ- ment and their hesitation to take a significant step ...
第 50 頁
... Recently the stakeholder model began to attract more attention . This may become the dominant theoretical model of ... recent law and economics literature brings inspirational insight to the nature of the corporation . Early in the ...
... Recently the stakeholder model began to attract more attention . This may become the dominant theoretical model of ... recent law and economics literature brings inspirational insight to the nature of the corporation . Early in the ...
第 76 頁
... recent decades.11 The difficulty of reforming public enterprises does not lie in the adoption of the corporate form ... Recent Literature ' ( 1972 ) 10 Journal of Economic Literature 1137-1162 . 11 M. Iskander , ' Improving State - Owned ...
... recent decades.11 The difficulty of reforming public enterprises does not lie in the adoption of the corporate form ... Recent Literature ' ( 1972 ) 10 Journal of Economic Literature 1137-1162 . 11 M. Iskander , ' Improving State - Owned ...
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1994 Company Law administrative agency costs asset management Australia Beijing board of directors business judgment rule Business Networks Cadbury Report capital China's enterprise co-determination Committee competition controlled companies corporate development corporate governance system corporate groups corporate law corporate practice corporate system corporatization countries cultural economic efficiency economic reforms employees enterprise reform enterprise system environment firms foreign gongsi Ibid important improve incentives increasing industrial institutions interests International investment investors Japan Japanese corporate Jing Ji keiretsu Law Review legislation liability limited company Main Bank System managerial mechanisms ment model of corporate modern corporate monitoring multinational non-executive directors Organization overseas Chinese People's Daily People's Republic performance planned economy political prises problems public enterprises public ownership public sector Publishing House regulate Republic of China result role securities market shareholders shares social state-owned companies state-owned enterprises strategies supervisory board theory tion traditional two-tier board World Bank Zhang