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Regulating corporate governance in China and Hong Kong : do Chinese values and ethics have a place in the age of globalization?

Young, Angus (2010) Regulating corporate governance in China and Hong Kong : do Chinese values and ethics have a place in the age of globalization? In Proceedings of the The Fifth Annual Conference : The Asian Studies Association of Hong Kong, University of Hong Kong, University of Hong Kong, Hong Kong, pp. 1-29.

Abstract

Much has been said about the convergence of corporate governance and regulations. The underlying assumptions of this phenomenon are driven by globalisation and the dominance of the Anglo-US model of corporate governance. Since the Asian crisis in 1997, Hong Kong and perhaps to a less extend Mainland China, had amended both Company laws and Stock Exchange Listing Rules obligations, arguably, mirroring provisions and rules in the UK and US. However, there has been a small amount of literature in law drawing from cross cultural management asking the question - is Western governance and regulation appropriate for the East? This paper will approach this issue from a different mindset, instead of drawing distinctions about East and West, a meta-regulatory framework will attempt to incorporate Western ‗hard‘ and ‗soft‘ laws with Asian ethical values. The aim is to combine laws and ethics thereby enhancing corporate governance and, improve compliance of those rules by adapting Chinese ethical values like Confucianism into the regulatory system. The overarching goal of this exercise is to adapt the wisdom of Chinese ethics into regulatory guidelines to suit the modern global market.

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ID Code: 32180
Item Type: Conference Paper
Additional Information: This is a work-in-progress; please do not quote without consulting author
Keywords: China, Hong Kong, Corporate governance, Globalisation, Regulatory guidelines
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Corporate Governance and Stakeholder Engagement (150303)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Auditing and Accountability (150102)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2010 [please consult the author]
Deposited On: 13 May 2010 11:16
Last Modified: 05 Jan 2011 23:58

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