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BukuCorporate Governance in China's Listed Companies: Whither the top 100? (This Paper Presented at The 4th ASLI Conference University of Indonesia, Jakarta, May 2007)
Bibliografi
Author: Tomasic, Roman ; Andrews, Neil
Topik: China; corporate governance
Bahasa: (EN )    
Penerbit: Universitas Indonesia     Tempat Terbit: Jakarta    Tahun Terbit: 2007    
Jenis: Papers/Makalah - pada seminar internasional
Fulltext: Roman Tomasic.pdf (127.76KB; 0 download)
Abstract
China's top 100 listed companies represent the leading edge of China’s commitment to improved corporate governance in its corporate sector. To a large degree, this commitment has been driven by top-down regulatory efforts to raise the standards of corporate governance, especially on the part of the China Securities Regulatory Commission and the Shanghai Stock Exchange. However, many Chinese companies also see improved corporate governance as a means of attracting shareholders. Much has been achieved in a relatively short period, although in many respects the journey of improving China's corporate governance practices has just begun. This paper is based on data from over a hundred intensive face to face interviews conducted by the authors with senior officers of China's top-100 listed companies (as identified in the Fortune magazine annual listing), with independent directors, corporate and stock exchange regulators, professional advisers and others. This paper presents empirical evidence on the current state of corporate governance in companies within China's most advanced market sector and highlights some of the key tensions affecting the adoption of improved corporate governance practices in this developing market.
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