New Hope for Corporate Governance in China?

Autor:	James V. Feinerman
Rok vydání:	2007
Předmět:	business.industry Corporate governance Geography Planning and Development Financial market Stakeholder Chinese law Financial system Accounting Development Investment banking Political Science and International Relations Corporate law Bond market business Capital market
Zdroj:	The China Quarterly. 191:590-612
ISSN:	1468-2648 0305-7410
DOI:	10.1017/s0305741007001592
Popis:	China's recent revisions to its Company Law and Securities Law have brought new attention to issues of corporate governance in Chinese companies and financial markets. Among the chief criticisms of the earlier laws – in both their provisions and application – were the lack of protection for minority shareholders, the paucity of independent directors, the absence of transparency and inadequate financial disclosure. The acknowledged need for greater congruence between Chinese law and practice and that of countries with more developed capital markets led to the proposal of amendments to China's legislation during the first half of this decade. This article highlights several improvements resulting from the revisions as well as remaining weaknesses in the regulatory framework for corporate enterprises in China.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::574e5b92287b974cf2c9054eba28502a https://doi.org/10.1017/s0305741007001592 Zobrazit plný text záznamu