Understanding Corporate Governance in China

Bob Tricker, Gregg Li

• Publisher: Hong Kong University Press
• Year: 2019
• Topic: Business
• eBook ISBN:
  9789888876266
• Subtopic: Management
• Index: Business

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.

Table of contents

• Contents
• Acknowledgments
• List of cases
• Introduction
• 1. Corporate Governance: The Basic Ideas
• 2. The Chinese Political and Economic History in Post-1980s and Corporate Governance
• 3. The Evolution of Corporate Governance in China
• 4. Culture and Ethics in Chinese Corporate Governance
• 5. The Ecosystem and Regulatory Framework of Corporate Governance in China since 1978
• 6. The Regulatory Framework of Corporate Governance in Hong Kong
• 7. Corporate Governance of Chinese Family Businesses
• 8. The Functions and Practices of the Board of Directors in China
• 9. The Governance of Chinese Companies Abroad
• 10. Corporate Governance in China in the Years Ahead
• Appendix I. Acquiring and Partnering with Local Entities
• Appendix II. The Case of the MMMP Saudi Rail Project
• Appendix III. List of Acronyms, Organizations, and Websites
• Appendix IV. List of Interviewees
• Index
• About the Authors