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China has traveled a unique road to reach its present economic significance in the world with corporate governance central to political and economic policy. In Understanding Corporate Governance in China, Bob Tricker and Gregg Li look at a variety of companies in China and the challenges they face. Based on in-depth interviews with business leaders, entrepreneurs, auditors, bankers, lawyers, and others closely involved in corporate governance in China, they argue that corporate governance involves more than company law, governance guidelines, and the rules of the stock exchanges and regulatory authorities. Culture and ethics lie at the core of corporate governance. In Chinese business these are still evolving, and business-government relations continue to change. It is vital to understand how business people and officials act in practice in China. They also explain how the regulatory framework of corporate governance in Hong Kong increases the sophistication. As more and more companies based in mainland China are listed on the Hong Kong Stock Exchange and increasingly dominate the Hong Kong market, the business worlds of China and Hong Kong become intertwined and grow together.
After a brief introduction to the basic theories of corporate governance and the evolution of corporate governance in China, the book guides the reader through current issues and practices in both mainland China and Hong Kong. Topics like Chinese culture and ethics, the regulatory corporate governance framework in mainland China and Hong Kong, the function and practice of the board of directors in China, and the governance of Chinese companies abroad are covered.
After a brief introduction to the basic theories of corporate governance and the evolution of corporate governance in China, the book guides the reader through current issues and practices in both mainland China and Hong Kong. Topics like Chinese culture and ethics, the regulatory corporate governance framework in mainland China and Hong Kong, the function and practice of the board of directors in China, and the governance of Chinese companies abroad are covered.
Price: £73.80
Pages: 332
Publisher: Hong Kong University Press
Imprint: Hong Kong University Press
Publication Date:
03 June 2019
Trim Size: 9.00 X 6.00 in
ISBN: 9789888455706
Format: Hardcover
BISACs:
“This book explores and exposes a highly significant aspect of China’s current period of socio-economic experimentation: the governance of business organizations. It not only brings into account certain arguably universal requirements of a flourishing economy and their implications in the general theory of governance adopted, but also pays attention to the environment of a changing China by including much grounding in the local conditions, inherited ideas, and political shifts.”
—Gordon Redding, founder of the School of Business (now the Faculty of Business and Economics), the University of Hong Kong
—Gordon Redding, founder of the School of Business (now the Faculty of Business and Economics), the University of Hong Kong