Ineffective state-owned enterprises in China were compelled to restructure to stay competitive, which resulted in extraordinary economic growth. China did not initially have some native laws to regulate companies or control this increase, so Chinese lawmakers needed to transplant corporate laws from developed Western nations which were economically successful.
However, this transplantation process did not occur without problems, and specific national attributes needed to be supplemented in corporate legislation to correspond with ethnic values and Chinese socialistic aims. This informative article examines the essential aspects of Chinese corporate governance and regulations concerning shareholders' rights and, in the process, highlights provisions which are special and characterized as distinctively Chinese, ultimately raising more questions than answers for shareholders.
PUBLICATION DATE: November 15, 2012 PRODUCT #: BH501-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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