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 37 頁
... reasons for incorporation , for whose benefits the corporation is governed , and how the corporation is and should be governed . Before these questions are satisfactorily answered , discussions about corporate efficiency represent ...
... reasons for incorporation , for whose benefits the corporation is governed , and how the corporation is and should be governed . Before these questions are satisfactorily answered , discussions about corporate efficiency represent ...
第 47 頁
... reasons . First , a company with less efficient management will have a lower share price on the stock market , and in ... reason , all boards care about their companies ' share prices on the stock market . As a result , the board of a ...
... reasons . First , a company with less efficient management will have a lower share price on the stock market , and in ... reason , all boards care about their companies ' share prices on the stock market . As a result , the board of a ...
第 184 頁
... reason for the path to be created , it is no longer relevant to people's life today . The important thing is how much it affects life today . If it is very inconvenient , the community may wish to modify it or to build a new path . The ...
... reason for the path to be created , it is no longer relevant to people's life today . The important thing is how much it affects life today . If it is very inconvenient , the community may wish to modify it or to build a new path . The ...
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