A Comparative Study on Corporate Governance Policy and System between Taiwan and Mainland China
| Autor: | Sing-Long Su, 蘇欣榮 |
|---|---|
| Rok vydání: | 2009 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 97 In the recent years, the international society has highly valued the Corporate Governance since the Asia’s financial crisis in 1997. So far, the development of the corporate Governance system has faced many issues as the scandals continuously happening in the corporations all over the world. Likewise, Taiwan and China face the same problem as well. With China’s economic reform, the cross-strait trade between both sides has become more closely related while the development in all aspects of both sides also becoming more and more similar. As a result, this study will use the qualitative research method to conduct a comparison and come up with conclusions based on current corporate management development of both sides to find a corporate Governance policy and system that fits better with the development of both sides. The Chinese society of both sides places the importance on the “relationship”. Due to the design of the monitoring system of the corporation, the election of supervisor, supervisory board and independent director are all affected by the controlling shareholders. As the elected representatives have special friendship and relationship with the controlling shareholders, the monitoring system is not able to function effectively. To improve this structure, this study proposes the followings reforming measures for both sides: 1. The design of independent director has to be abolished. 2. The supervisor the supervisory board should be independent and the way of candidate nomination should be changed. With no limitation to the supervisor’s shareholding, all independent supervisors should be nominated and selected by the external government -approved organization. 3. Form a complete set of measure. 4. The independent supervisor and supervisory board should receive training before they assume office. 5. Rather than regularly attending the board meeting, the independent supervisor and supervisory board should at least hold a meeting every quarter. 6. The salary of the independent supervisor and supervisory board should be set by law according to the company’s operation and profit. 7. The independent supervisor and supervisory board should regularly report the supervising result to the general meeting of shareholder. 8. It is recommended that China improves the systems related to internal control and audit taking Taiwan as reference. 9. The audit unit should be under the command of the independent supervisor or supervisory board. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|