In March 2000, plans for an initial public offering PetroChina went according to schedule, and institutional investors to evaluate the deal. PetroChina was the largest of China's oil and gas company and an attractive play on continued economic growth in China. The upcoming listing on the Hong Kong and New York stock exchanges was designed to raise revenue and make the discipline for the firm. Disclosure Policy and a new control system with compensation awards based on the management of stock prices suggested a focus on the interests of investors. At the same time, AFL-CIO drew attention both to the corporate governance issues with PetroChina and human rights and labor rights issues related to the parent company of PetroChina's. PetroChina investment was to avoid or risk worth taking? Also raises broader questions about the role of government and the private sector. "Hide
by Alexander Dyck, Yasheng Huang, David Lane Source: Harvard Business School 31 pages. Publication Date: January 24, 2001. Prod. #: 701040-PDF-ENG
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