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Rethinking corporate governance and law in China : the theories, rules and practices

Lau, Alex , Young, Angus, & Li, Grace (2007) Rethinking corporate governance and law in China : the theories, rules and practices. Compliance and Regulatory Journal, pp. 60-69.

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Abstract

Economic reforms have transformed China into a modern economy - this requires greater emphasis on regulating markets and governing corporations to ensure economic growth continues. Yet, legal reforms are not as straightforward as transplanting Western models; more modification to suit Chinese political land cultural considerations needs to be incorporated. Likewise privatisation of the telecommuications sector does not mean that government influence in the new corporations cease. This is not necessarily negative as long as safeguards are in place. Plainly further reforms to the law and governance will be needed. Given that Confucian philosophy continues to play a central role in Chinese society and values, developing laws and governance practices from Confucian principles will arguably be appropriate for modern China.

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ID Code: 32299
Item Type: Journal Article
Additional URLs:
Keywords: China, Corporate governance, Compliance, Regulatory reform
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Corporations and Associations Law (180109)
Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Law and Society (180119)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Deposited On: 20 May 2010 10:38
Last Modified: 11 Aug 2011 01:34

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