Corporate Disclosure And Corporate Governance In China

Author : Jane Fu
Publisher : Kluwer Law International B.V.
Page : 370 pages
File Size : 53,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9789041126696

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Corporate Disclosure and Corporate Governance in China by Jane Fu Pdf

Rapid economic development has focused attention from around the world upon China's corporate governance regime-particularly as, during the past few years, some of China's companies, mainly large, state-owned companies, have been aggressively buying foreign businesses overseas. China's huge capital injection and aggressive foreign investments have raised increasing and deep concerns among the target countries' governments, their business communities, and the global public. It is clearly of great importance that the people's Republic of China's business-partner countries understand corporate governance of many Chinese state-owned companies calls for a closer look at China's corporate governance theory and practice. The corporate disclosure regime plays a critical role in this regard. This timely and highly informative book provides, for the first time, comprehensive research on corporate governance in China, with detailed attention to the formation and reform of its corporate disclosure laws and regulations. Among the many factors analyzed are the following: -the role of the government in the management of state-owned companies; -the legal and regulatory environment; -majority shareholders' infringement of listed companies' interests' -the increasing independence of the boards of directors; -the role of institutional investor; -the shareholding structure; -law enforcement and shareholders' legal actions; -unmonitored insiders' control of corporate affairs; -the external governance structure; and -the absence of fiduciary duty. The author describes the nature of the many breaches of disclosure laws and rules in the two decades or so of the history of China's securities market and the pressures within the relevant government agencies confronting the problem. As a detailed analysis of the Chinese corporate disclosure regime that has emerged during the period of China's economic transition since the 1990's, this incomparable book will be of great interest to legal researchers, policymakers, and legal practitioners working with business investments in China.

Author : OECD
Publisher : OECD Publishing
Page : 108 pages
File Size : 40,6 Mb
Release : 2011-09-22
Category : Electronic
ISBN : 9789264119208

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Corporate Governance of Listed Companies in China Self-Assessment by the China Securities Regulatory Commission by OECD Pdf

By assessing a broad range of laws, regulations and codes, this book provides a valuable reference for understanding how much has been achieved in Chinese corporate governance and the main ambitions of future reform efforts.

Author : Xinting Jia,Roman Tomasic
Publisher : Routledge
Page : 190 pages
File Size : 45,5 Mb
Release : 2009-10-20
Category : Business & Economics
ISBN : 9781135254469

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Corporate Governance and Resource Security in China by Xinting Jia,Roman Tomasic Pdf

Corporate governance has become a household term and investors across the world are demanding more transparency and accountability from controllers of listed corporations. The current resources boom that has been driven by soaring demand from China has brought China’s listed resources companies into focus. Some of these companies are beginning to be known internationally, such as Sinopec, PetroChina, CNOOC (in the oil industry) and CHALCO (aluminium); but their governance structures are often not well known. This book explores the corporate governance of these listed companies. Compared with the governance of global companies, such as BHP Billiton, Rio Tinto, Shell, Shevron, the governance of China’s resources companies has special characteristics. While the authors focus is on the governance of resources companies in China, this book also tackles contemporary issues of resource security and environmental change which are closely related to the depletion of the world’s natural resources. Case studies of other international resources giants such as BHP Billiton, Rio Tinto, Shell and Chevron are provided to enhance our understanding of the differences that exist between them and Chinese resources companies. This book will be of interest to the business community and to those readers who are interested in China and its governance related issues.

Author : Wei'an Li
Publisher : John Wiley & Sons
Page : 276 pages
File Size : 47,8 Mb
Release : 2008
Category : Business & Economics
ISBN : STANFORD:36105131658770

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Corporate Governance in China by Wei'an Li Pdf

Great progress has been achieved for the structural reform in China enterprises for the past one and a half decades. Along with the reform, the corporate governance structure has been established accordingly. The Chinese Corporate Governance Index (CCGINK) is a useful tool to objectively observe and analyze shareholder behavior, board execution, management incentive and restriction, supervisory committee operation, information disclosure and stakeholders’ interest protection, and is helpful in diagnosing issues that may arise during corporate operations. The CCGINK provides guidance for improvement of corporate governance, and can be used to enhance the sustainable development of corporations.—Chen Qing-Tai, Vice Director, Economic Committee, National Committee of Chinese People’s Political Consultative Conference (CPPCC), Former Vice Director of Development and Research Center of the State Council Dean, Public Administration School of Tsinghua University The phenomenal growth of China's capital markets during the past decade belies the fact that Chinese companies have only gradually adopted modern corporate governance structures. Professor Li’s book offers a candid and timely assessment of the quality of the governance mechanisms they employ including the factors that influence their quality and how they relate to subsequent corporate performance. A proper understanding is critical for global investors with an interest in China's markets and for scholars who seek to disentangle corporate governance theory and practice in a fascinating market place. —G. Andrew Karolyi, Charles R. Webb Professor of Finance The Ohio State University Corporate governance is a vital issue that China listing companies and enterprises has to deal with. This book reports an important investigation on the subject of corporate governance. As a major result of the study, a series of governance indices conforming to China’s situation were proposed in the book. The author of the book hence received the Award of Outstanding Contribution in Chinese Enterprise Management, and I was very pleased to preside the ceremony to present him with this prestigious award. —Cheng Si-Wei, Vice Chairman of the Standing Committee of National People’s Congress, Vice President of Fudan Management Award Foundation Corporate governance issues are important around the world. The ability of a firm to raise capital, to align with partners, and ultimately, to sell products and services to customers, all depend, to some extent, on the quality of corporate governance. This is why the research reported here is so important. That it focuses on corporate governance among Chinese corporations makes it all the more important. With only a limited history of publicly-traded firms, Chinese firms are inventing—right now—the kinds of corporate governance they will need to compete in global markets. It is hard to imagine a more timely research endeavor. —Jay B. Barney, Professor and Chase Chair for Excellence in Corporate Strategy, The Ohio Stae University

Author : C. Noronha
Publisher : Springer
Page : 358 pages
File Size : 52,6 Mb
Release : 2014-12-17
Category : Business & Economics
ISBN : 9781137414694

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Corporate Social Disclosure by C. Noronha Pdf

Corporate Social Disclosure focuses on China and Japan as two countries for critical observations of the latest CSD issues. This volume consists of 12 chapters written by scholars from these two countries, addressing the latest observation of CSD in general as we as in different industries based on their latest research findings.

Author : OECD
Publisher : OECD Publishing
Page : 108 pages
File Size : 51,9 Mb
Release : 2011-10-27
Category : Electronic
ISBN : 9264119086

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Corporate Governance of Listed Companies in China Self-Assessment by the China Securities Regulatory Commission by OECD Pdf

By assessing a broad range of laws, regulations and codes, this book provides a valuable reference for understanding how much has been achieved in Chinese corporate governance and the main ambitions of future reform efforts.

Author : M. Nakamura
Publisher : Springer
Page : 290 pages
File Size : 46,9 Mb
Release : 2008-10-08
Category : Business & Economics
ISBN : 9780230595156

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Changing Corporate Governance Practices in China and Japan by M. Nakamura Pdf

A timely evaluation of rapidly globalizing governance mechanisms in China and Japan. This book looks at how corporate governance practices in these countries are adapting to Anglo-American practices, but argues that these adaptations are selective, and both countries continue to retain their own local corporate governance practices in some areas.

Author : Jean Chen
Publisher : Business Expert Press
Page : 122 pages
File Size : 55,7 Mb
Release : 2015-06-30
Category : Business & Economics
ISBN : 9781631572296

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A Primer on Corporate Governance: by Jean Chen Pdf

Since its opening up and economic reforms in 1979, China has undergone tremendous economic growth and social development, with a ten percent real gross domestic product growth per year on average through 2013. In spite of such an accomplishment, the current economic growth model in China, which is mainly triggered by the export-led policy and the huge government investment, has been challenged by potential external and internal risks, which do not support sustainable economic growth in the long run. In this book, the author comprehensively reviews the corporate governance practices in China, identifying the major problems within such practices. It is contended that these problems have been seen as the major challenges facing the Chinese economy, and further, that the current weakness of corporate governance practices in China can be ascribed, to a great extent, to the incompleteness and weakness of law enforcement.

Author : Jingchen Zhao
Publisher : Edward Elgar Publishing
Page : 322 pages
File Size : 46,6 Mb
Release : 2014-01-01
Category : Business & Economics
ISBN : 9781781005583

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Corporate Social Responsibility in Contemporary China by Jingchen Zhao Pdf

China's recent economic transformation and integration into the world economy has coincided with increasing pressure for corporate law reform to make corporate social responsibility (CSR) integral to business and management strategy in China. This timely book critically analyses contemporary notions of CSR in China, discussing theory and practice alongside legal responses in this emerging field. Jingchen Zhao uniquely combines the history, traditions and social policies of China with Chinese law, explaining the significance of path dependence in China. He presents an in-depth debate on the difficulties involved in transplanting developed legal principles directly into Chinese society, and takes a detailed look at the CSR provisions in Chinese company law which aimed to put social and environmental concerns onto the corporate agenda. He suggests how these laws could be more effectively and efficiently enforced with reference to UK law, and explores specific issues including: * Chinese Company Law 2006 * the 'Harmonious Society' in China * the 2008 Financial Crisis and its impact on the Chinese economy * recent corporate scandals including the Sanlu Baby Milk scandal, the Wenchuan earthquake and CSR donations, the Beijing Olympic Games and CSR, and the Fujia chemical plant. This book will prove an enlightening read for academics and practitioners in the fields of law, business and management interested in CSR and the law in contemporary China.

Author : Yingjun Lu,Indra Abeysekera
Publisher : Routledge
Page : 248 pages
File Size : 43,9 Mb
Release : 2014-03-26
Category : Business & Economics
ISBN : 9781317753520

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Social and Environmental Disclosure by Chinese Firms by Yingjun Lu,Indra Abeysekera Pdf

Given the increased social and environmental problems in China, this book looks into the social and environmental (environmental) disclosure practices of socially responsible Chinese listed firms by constructing a stakeholder-driven, three-dimensional, disclosure index. The book contains a three-part study: the first part explores the current status of social and environment disclosure practices. The second part empirically examines the relationship between corporate social and environmental disclosure and various influencing factors (i.e. stakeholders’ power and corporate characteristics). The third part empirically examines the link between corporate social responsibility (CSR) reporting (i.e. publishing a CSR report and the quality of the CSR report) and socially responsible reputation. The book finds that the CSR report provided more stakeholder-relevant social and environmental disclosure than the annual report. It also finds that corporate characteristics such as firm size, profitability and industry classification are all statistically significant factors influencing social and environmental disclosure of the Chinese firms studied. Shareholders significantly influenced firms’ social and environmental disclosure, and creditors significantly influenced firms’ disclosure related to their environmental performance. The final part of the study reports that publishing a CSR report and CSR reporting quality had a positive influence on firms’ socially responsible reputation and that the CEO/chairman duality negatively influenced firms’ socially responsible reputation. The book also highlights that financial performance and firm size were the two corporate characteristics that had a positive influence on corporate socially responsible reputation. This book will be of interest to those who are keen to learn more about corporate social responsibilities in the context of Chinese firms.

Author : Yong Kang,Lu Shi,Elizabeth D. Brown
Publisher : Rand Corporation
Page : 62 pages
File Size : 44,8 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780833046116

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Chinese Corporate Governance by Yong Kang,Lu Shi,Elizabeth D. Brown Pdf

As China has aligned itself more closely with the international economy, it has also sought to adopt more Western-style corporate governance mechanisms. This report provides an overview of overview of corporate governance mechanisms in China, as well as an examination of continuing challenges and policy implications.

Author : Guanghua Yu
Publisher : Routledge
Page : 204 pages
File Size : 41,6 Mb
Release : 2012-09-10
Category : Business & Economics
ISBN : 9781136713583

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Comparative Corporate Governance in China by Guanghua Yu Pdf

An insightful overview of the political, legal and social perspectives which inform corporate governance in China, this book examines the challenges of corporate governance faced by Chinese corporations and international corporations operating in China. Unlike other texts that tend to focus solely on the board of directors and the takeover market, Yu has enlarged the scope of this study to cover both market forces and contractual mechanisms, providing readers with an extended and comprehensive discussion of the pertinent issues. It explores a range of issues and their role in corporate governance models, including: executive compensation takeover markets the securities market insolvency issues venture capital market Examining the current climate and making the case that comparative corporate governance studies have significant policy implications for China’s transitional economy, Yu has put together a book that is a valuable resource for students and those working in Asian business, corporate governance and commercial law.

Author : Alice De Jonge
Publisher : Edward Elgar Publishing
Page : 323 pages
File Size : 53,5 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9781848442788

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Corporate Governance and China's H-share Market by Alice De Jonge Pdf

Using detailed case studies of the first nine mainland Chinese companies to be listed on the Hong Kong stock exchange (1993 94), Alice de Jonge examines the evolution of corporate governance law and culture in China s H-share market. A story emerges not of tensions between ideas of corporate governance from two different legal systems Hong Kong vs. mainland Chinese nor about legal convergence as China adopts concepts from Anglo-American jurisdictions. Rather, it is a story of individual firms being pragmatic in mediating the different agendas of state-agencies that own or control them. Corporate Governance and China s H-Share Market looks at corporate governance in a cross-border context is unique in providing a detailed understanding of China s H-share market reveals why a beer company was the first ever Chinese firm to be listed overseas. This fascinating work will appeal to postgraduate students and scholars of corporate governance, Asian law and legal systems and Asian business, as well as Chinese scholars more generally. Professionals such as law practitioners working in Chinese law will also find the book of interest.

Author : Huiying Wu,Christopher Patel
Publisher : Emerald Group Publishing
Page : 272 pages
File Size : 53,6 Mb
Release : 2014-01-16
Category : Business & Economics
ISBN : 9781783508976

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Adoption of Anglo-American models of corporate governance and financial reporting in China by Huiying Wu,Christopher Patel Pdf

This monograph examines the adoption of Anglo-American models of corporate governance and financial reporting in China. It shows how the loose coupling between regulations and actual operations is shaped by the interplay between institutional pressures and organizations conflicts of interest and power dependence within the local context.

Author : Roman Tomasic,Xudong Zhao,Zhong Ma
Publisher : Unknown
Page : 464 pages
File Size : 55,7 Mb
Release : 2005
Category : Boards of directors
ISBN : UCSD:31822034881276

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Corporate Governance by Roman Tomasic,Xudong Zhao,Zhong Ma Pdf