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 89 筆
第 2 頁
... increase productivity and managerial efficiency . This includes dealing with the divergence of interests between investors and managers , and increasing management accountability . An important strategy used by a modern corporation is ...
... increase productivity and managerial efficiency . This includes dealing with the divergence of interests between investors and managers , and increasing management accountability . An important strategy used by a modern corporation is ...
第 6 頁
... increase in the owner's wealth represents the overall gain of society . This does not appear to contradict the basic ... increasing total wealth and avoids the emergence of economic losers among corporate actors . To keep the common goal ...
... increase in the owner's wealth represents the overall gain of society . This does not appear to contradict the basic ... increasing total wealth and avoids the emergence of economic losers among corporate actors . To keep the common goal ...
第 185 頁
... increase social costs and cannot fulfil the purpose of the economic reforms . China's basic economic structure and public preference ensure the continued dominance of state - owned or controlled companies in the national economy . Hence ...
... increase social costs and cannot fulfil the purpose of the economic reforms . China's basic economic structure and public preference ensure the continued dominance of state - owned or controlled companies in the national economy . Hence ...
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accountability activities administrative adopted assets banks capital China Chinese Committee common Company Law Comparative competition concerning corporate development corporate governance corporate governance system corporate groups corporate law corporate system corporatization costs countries created cultural decisions directors discussions economic economic reforms effective efficiency employees enterprise reform enterprise system environment established existing experience firms foreign function further German important improve increasing industrial influence institutions interests internal introduced investment investors issue Japan Japanese joint Journal legislation liability limited major managerial mechanisms meeting monitoring multinational operation Organization owner ownership performance person plans political practice Press problems production profits promote reduce regulate relation relationship Report requires result role sector securities separate shareholders shares social state-owned enterprises strategies structure success theory tion trade traditional University World