A Survey of Legal and Regulatory Trends
Edited by P. M. Vasudev and Susan Watson
Chapter 5: Law and finance: from ‘transplantation’ to ‘better’ corporate governance in China
Explosive growth in the Chinese economy over recent decades has spawned the country’s corporate governance and securities law systems. This chapter examines the course of developments, pointing out that many of the measures introduced in China, for example, independent directors and disclosures of related party transactions, are no more than simple ‘transplants’ of the devices from Western jurisdictions. It argues for refining the corporate governance and securities regulatory system to suit China’s own needs and circumstances, and posits a reduced role for government as an important prerequisite in the future development of Chinese governance systems. Keywords: • China corporate governance • Chinese business law history • Chinese Company Law • Chinese Securities Law • China Securities Regulatory Commission • Chinese State-Owned Enterprises
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.