The Independent Director in Chinese Corporate Governance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Independent Director in Chinese Corporate Governance write by Donald C. Clarke. This book was released on 2014. The Independent Director in Chinese Corporate Governance available in PDF, EPUB and Kindle. Corporate governance (gongsi zhili) is a concept whose time has come in China, and the institution of the independent director is a major part of this concept. Policymakers in several countries such as the United Kingdom and Japan have turned to independent directors as an important element of legal and policy reform in the field of corporate governance. In August 2001, the China Securities Regulatory Commission (CSRC) issued its Guidance Opinion on the Establishment of an Independent Director System in Listed Companies. Covering all companies listed on Chinese stock exchanges (but not Chinese companies listed overseas), it constitutes the most comprehensive measure taken to date by the CSRC - or indeed by any Chinese governmental authority - to regulate internal corporate governance through the institution of the independent director. This article discusses the institution of independent directors, and the Independent Director Opinion specifically, as a potential solution to Chinese corporate governance problems. It begins by discussing special features of the Chinese corporate landscape and the most prominent problems in the area of corporate governance. It then proceeds to identify differing conceptions of what is broadly termed the independent director - the outside director, the disinterested director, and the (more narrowly defined) independent director - and discusses the approaches taken in several different jurisdictions. The article canvasses empirical research on the relationship between independent directors and corporate performance in the United States, as well as in China, and finds that the research yields similar conclusions: there is no strong link. The article concludes by arguing that proponents of the institution of independent directors misconceive the nature of the corporate governance problem in China, as well as the functioning of independent directors in the United States, and have not taken into account specific features of the Chinese institutional environment - particularly the legal environment - that affect the viability of any proposed solution.
The Independent Director in China and India
The Independent Director in China and India - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Independent Director in China and India write by Cornelius Bader. This book was released on 2011-07-11. The Independent Director in China and India available in PDF, EPUB and Kindle. Seminar paper from the year 2010 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A+, Vanderbilt University (Law School), language: English, abstract: The “independent director” has become a centerpiece of modern corporate governance. However, the concept of “independence”, and the ability of independent directors to fulfill their roles, remains deeply problematical. In the course of the discussion on the proper role of independent directors that unfolded in Europe and the United States during the 1980s and 1990s and peaked in the wake of the Enron scandal, rules on director independence have found their way to the corporate governance regimes of developing countries that turned their head to western economies. Particularly in China and India, independent directors have taken their place on company boards, earning mixed responses from the academic and business community. What is the current state of Indian and Chinese rules on director independence? What tensions do they address and create? And what can be done to optimize the achievement of their objectives? The goal of this article is to examine the status quo of director independence in the two countries, to put the regulations into their historic and political context, to summarize practical experiences with the new institution, and to point to possible future developments.
Developing China's Capital Market
Developing China's Capital Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Developing China's Capital Market write by D. Cumming. This book was released on 2015-12-17. Developing China's Capital Market available in PDF, EPUB and Kindle. China is an increasingly influential emerging economy that is currently attracting the attention of academics, practitioners, and policy makers. This book is a collection of cutting edge research findings on issues relating to the experiences and challenges of China's capital market development.
Independent Directors in Asia
Independent Directors in Asia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Independent Directors in Asia write by Dan W. Puchniak. This book was released on 2017-11-02. Independent Directors in Asia available in PDF, EPUB and Kindle. The first in-depth analysis of the independent director in Asia: who they are, what they do and how they are regulated.
Chinese Corporate Governance
Chinese Corporate Governance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Chinese Corporate Governance write by Yong Kang. This book was released on 2008. Chinese Corporate Governance available in PDF, EPUB and Kindle. 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.
