Description
This study examines the short- to medium-term corporate governance issues arising during the course of transformation of ownership in the Chinese enterprise sector. The study looks at companies participating in the two main forms of ownership diversification: listed companies and small and medium enterprises whose ownership structure is dominated by insiders. Focus is on the new mechanisms and stakeholders, such as boards of directors, creditors, and shareholding employees, emerging during the process of ownership diversification, and their role in corporate governance. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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As China continues in its evolution from a planned economy to a market economy, and from an agricultural to a manufacturing and service-oriented economy, issues arising from owner diversification, corporate governance, and labor resource allocation have come to the forefront. Most particularly, corporate governance is being focused on as the state continues its withdrawal from direct ownership.This study evaluates short- and medium- term corporate governance issues impacting companies involved in ownership diversification. It examines problems associated with governance such as cost and framework design and makes recommendations concerning the many facets of corporate governance.
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