Corporate Governance PDF Download

Author: S. H. Goo
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 624

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Author: Robert Stolt
Publisher: GRIN Verlag
ISBN: 3640541936
Category : Business & Economics
Languages : en
Pages : 28

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Intermediate Examination Paper from the year 2009 in the subject Business economics - Miscellaneous, grade: 1,2, University of St Andrews, language: English, abstract: Corporate Governance (CG) has always been a critically viewed topic and is being increasingly discussed after the Enron and WorldCom scandals, which had a worldwide outreach (Petra, 2006, p. 107) or major cases of poor corporate governance in Asia such as the Peregrine or the CA Pacific Securities Case in the 1990s. On this account, stricter rules have been introduced and existing regulations were re-examined in many markets in order to restore the public confidence in corporate governance systems and the transparency and accountability of organisations. The corporate governance system in Hong Kong is characterised by unique features differing from the Anglo-American framework. The extensive amount of family-controlled companies and mainland firms would suggest a deficient corporate governance system. In spite of this, a study by Nan, Kang and Kim (1999) comparing corporate governance among Asian economies indicated that Hong Kong has significantly higher corporate governance standards and equally more sophisticated legal systems governing the protection of property rights than other countries in that area. As regard to the structure of this coursework, initially, the general theoretic foundations of corporate governance are explained in chapter two. Thereafter, the specifics of the market in Hong Kong will be examined, comparing the development of global corporate governance to the development in Hong Kong. It is also explained why transplanted British and American laws and regulations seem ineffective. Chapter 4.1 then analyses the composition of shareholders in Hong Kong, answering the question as to why there is only a small number of minority shareholders actively participating in corporate governance. In chapter 4.2, it will be discussed whether minority shareholders are successful in confronting the current system. Chapter five gives recommendations on how to establish a corporate governance system tailored to Hong Kong and Asian emerging markets more broadly. Finally, in a retrospective analysis of the paper, the research findings will be analysed and an outlook of the future development of corporate governance in Hong Kong will be given.

Author: Gordon Jones
Publisher:
ISBN: 9789888300754
Category : Compliance
Languages : en
Pages : 1332

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Author: Lauren Yu-Hsin Lin
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Since the 1990s, Hong Kong has been working hard to improve its corporate governance system. Although a common law jurisdiction, its stock market differs from the NYSE and LSE, as there has always been a large concentration of ownership which brings a set of different agency problems, namely expropriation of minority interests rather than managerial abuses. But at the same time, there is an increasing number of mainland state-owned enterprises (SOEs) in the market which brings all types of agency problems, namely managerial abuses, expropriation of minority interest, and the failure to pursue shareholder value maximization. To add to the complication, 85 percent of the listed companies are not incorporated in Hong Kong, which means that many provisions in the Companies Ordinance do not apply. Thus, the regulators including the exchange and the Securities and Futures Commission (SFC) have to think outside the box to come up with effective measures to improve corporate governance. By and large, they have succeeded in crafting a system that is comparable to the international standards. However, room for further improvement remains in the effective enforcement of those standards.

Author: Alice De Jonge
Publisher: Edward Elgar Publishing
ISBN: 1848442785
Category : Business & Economics
Languages : en
Pages : 323

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Using detailed case studies of the first nine mainland Chinese companies to be listed on the Hong Kong stock exchange (1993 94), Alice de Jonge examines the evolution of corporate governance law and culture in China s H-share market. A story emerges not of tensions between ideas of corporate governance from two different legal systems Hong Kong vs. mainland Chinese nor about legal convergence as China adopts concepts from Anglo-American jurisdictions. Rather, it is a story of individual firms being pragmatic in mediating the different agendas of state-agencies that own or control them. Corporate Governance and China s H-Share Market looks at corporate governance in a cross-border context is unique in providing a detailed understanding of China s H-share market reveals why a beer company was the first ever Chinese firm to be listed overseas. This fascinating work will appeal to postgraduate students and scholars of corporate governance, Asian law and legal systems and Asian business, as well as Chinese scholars more generally. Professionals such as law practitioners working in Chinese law will also find the book of interest.

Author: Bob Tricker
Publisher:
ISBN: 9789888455706
Category : Corporate governance
Languages : en
Pages : 0

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China has traveled a unique road to reach its present economic significance in the world with corporate governance central to political and economic policy. In Understanding Corporate Governance in China, Bob Tricker and Gregg Li look at a variety of companies in China and the challenges they face. Based on in-depth interviews with business leaders, entrepreneurs, auditors, bankers, lawyers, and others closely involved in corporate governance in China, they argue that corporate governance involves more than company law, governance guidelines, and the rules of the stock exchanges and regulatory authorities. Culture and ethics lie at the core of corporate governance. In Chinese business these are still evolving, and business-government relations continue to change. It is vital to understand how business people and officials act in practice in China. They also explain how the regulatory framework of corporate governance in Hong Kong increases the sophistication. As more and more companies based in mainland China are listed on the Hong Kong Stock Exchange and increasingly dominate the Hong Kong market, the business worlds of China and Hong Kong become intertwined and grow together. After a brief introduction to the basic theories of corporate governance and the evolution of corporate governance in China, the book guides the reader through current issues and practices in both mainland China and Hong Kong. Topics like Chinese culture and ethics, the regulatory corporate governance framework in mainland China and Hong Kong, the function and practice of the board of directors in China, and the governance of Chinese companies abroad are covered.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 45

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Author: Angus Young
Publisher:
ISBN: 9789881221667
Category : Corporate governance
Languages : en
Pages : 257

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"Hong Kong is a global metropolitan city and a former British colony. Beneath its modern outlook and Western influences, many inhabitants of Hong Kong with Chinese ancestry still held on to traditional Chinese values and customs. As such, it would be a mistake to think that the laws transplanted from Britain to Hong Kong have been unproblematic. Then again, this does not mean that the local Chinese reject or oppose the transplanted laws outright. Rather, the differences in the value systems embedded in the laws and the local Chinese culture have created some ideological tensions. Such is the case for the directors of Chinese family wholly owned and operated companies in the territory. Whilst the transplanted British company laws might suit non-family and public companies with diverse share ownership structure, this is not the case for Chinese family companies. Instead, directors of these types of compliance comply with a normative order emanating from Chinese values and norms rooted in Confucianism. Yet the incongruences between legal duties and Chinese norms mean that it is not simply a matter of amending the law to incorporate the Chinese values because the divide between the two is impossible to bridge. This book not only examines why the transplanted directors' duties are inappropriate for these companies, it recommends that a separate self-regulated regime for Chinese family companies should be established. Critics might argue that this gap in corporate governance regulation had not created upheavals in Hong Kong, so there is no urgency in changing status quo. But if we look closer the lack of regulation for Chinese family companies had not been trouble free as a growing number of cases have shown that it has adversely affected the workings of these companies. Governance problems usually emerge when tensions within families are unresolved, and in the worst-case scenario, fen jia (division of assets leading to liquidation) occurs. Given that Hong Kong has an estimated half a million Chinese family companies, this regulatory oversight could negatively impact on the territory's spirit of entrepreneurialism. Therefore, this monograph advocates that the informal network of Chinese family businesses should band together and adapt Chinese value system to resolve an essentially Chinese regulatory problem." -- book cover.

Author: Shiona Morrison
Publisher:
ISBN: 9781361171905
Category :
Languages : en
Pages :

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Author: Wai-nang Lam (Robin)
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 166

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