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Australian Journal of Asian Law

Abstract from Volume 7 No 1 (2005)

International Corporate Governance Developments: The Path for China

Chenxia Shi, LLB (NUPL), LLM (CASS), PhD candidate at the Law School, University of Melbourne and Assistant Lecturer, Department of Business Law and Taxation, Monash University, Australia.

China’s WTO entry in 2001 accelerated its integration with the world economy and exposed Chinese companies to international competition. As globalisation gains momentum, national corporate governance systems come under greater scrutiny. This article discusses three generic corporate governance models and the 2004 OECD Corporate Governance Principles and their possible application to China. To investigate the possibility of China’s convergence or divergence from international corporate governance models and principles, it explores the evolution of governance in Chinese listed companies transformed from State-Owned Enterprises (SOEs). The article ultimately argues that China should adopt a pragmatic hybrid approach to corporate governance.

(2005) 7(1) Asian Law 60
   
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