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Author: Roman Tomasic Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
Many countries have benefited greatly from an influx of investment from China; much of this investment has come from Chinese State-owned enterprises (SOEs). Functioning as China's national champions, Chinese SOEs have been the vehicles for the Chinese government to obtain resources from the international market, to participate in international market competition, and to expand Chinese national soft power. They also allow Chinese SOEs to gain controlling interests in foreign companies; this opens doors for other Chinese enterprises to sell goods and services abroad; this is a pattern that is well established from prior eras of foreign investment in countries such as Australia. However, these SOEs are also facing challenges overseas, especially the SOEs investing in the natural resources sector overseas. In order to meet the challenges of modern corporate governance, Chinese SOEs have sought to enhance their corporate governance practices whilst the Chinese government has also sought to reform its inefficient SOEs. In response to the challenges facing modern globally-active companies, China has adopted corporate social responsibility (CSR) ideas to better regulate its enterprises. This has often been supported by legislative mechanisms. With increasing outward-bound investment by Chinese SOEs, many SOEs have also developed their own CSR codes. This chapter explores some CSR norms developed by Chinese government agencies and China's SOEs and examines how Chinese SOEs have implemented CSR norms to protect non-economic interests in natural resources rich countries, such as Australia.
Author: Roman Tomasic Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
Many countries have benefited greatly from an influx of investment from China; much of this investment has come from Chinese State-owned enterprises (SOEs). Functioning as China's national champions, Chinese SOEs have been the vehicles for the Chinese government to obtain resources from the international market, to participate in international market competition, and to expand Chinese national soft power. They also allow Chinese SOEs to gain controlling interests in foreign companies; this opens doors for other Chinese enterprises to sell goods and services abroad; this is a pattern that is well established from prior eras of foreign investment in countries such as Australia. However, these SOEs are also facing challenges overseas, especially the SOEs investing in the natural resources sector overseas. In order to meet the challenges of modern corporate governance, Chinese SOEs have sought to enhance their corporate governance practices whilst the Chinese government has also sought to reform its inefficient SOEs. In response to the challenges facing modern globally-active companies, China has adopted corporate social responsibility (CSR) ideas to better regulate its enterprises. This has often been supported by legislative mechanisms. With increasing outward-bound investment by Chinese SOEs, many SOEs have also developed their own CSR codes. This chapter explores some CSR norms developed by Chinese government agencies and China's SOEs and examines how Chinese SOEs have implemented CSR norms to protect non-economic interests in natural resources rich countries, such as Australia.
Author: Xinting Jia Publisher: Routledge ISBN: 1317190556 Category : Business & Economics Languages : en Pages : 175
Book Description
China’s phenomenal economic growth in the past 30 years has witnessed the rise of its global natural resources companies. At the same time, the emerging of a middle class in China and their desire to improve living standards including better dwelling conditions, better health and nutrition, has driven strong demand in mineral resources, energy and quality food. The so called ‘socialist market economy’ in China has seen this growing demand being met partially by companies with ‘national significance’. In the resources sector, these companies are represented by companies listed in stock exchanges in China as well as globally such as in New York and London; at the same time, most of these companies are also controlled by the Chinese government. China’s resources companies have expanded overseas in search of new acquisition targets whilst seeking to extend their global reach with a focus on resource rich countries. The expansion of these companies internationally, and the unique ownership structure of these companies, has posed challenges for regulators, trading partners of these companies, investors and other interested parties seeking to understand how these companies are governed and the implications of government ownership for resource security globally. Resource Security and Governance: The Globalisation of China’s Natural Resources Companies contains case studies of the global expansion efforts of Chinese global natural resources companies; it reviews the governance structures of these companies and analyses how these have affected the inter-relationship between these companies and their trading partners, governments, regulators in targeted countries and investors globally. In addition, this book examines how the unique structure of these companies may affect resource security globally and touches on other related matters such as climate change, and air and water security in China.
Author: Xinting Jia Publisher: Routledge ISBN: 113525446X Category : Business & Economics Languages : en Pages : 239
Book Description
Corporate governance has become a household term and investors across the world are demanding more transparency and accountability from controllers of listed corporations. The current resources boom that has been driven by soaring demand from China has brought China’s listed resources companies into focus. Some of these companies are beginning to be known internationally, such as Sinopec, PetroChina, CNOOC (in the oil industry) and CHALCO (aluminium); but their governance structures are often not well known. This book explores the corporate governance of these listed companies. Compared with the governance of global companies, such as BHP Billiton, Rio Tinto, Shell, Shevron, the governance of China’s resources companies has special characteristics. While the authors focus is on the governance of resources companies in China, this book also tackles contemporary issues of resource security and environmental change which are closely related to the depletion of the world’s natural resources. Case studies of other international resources giants such as BHP Billiton, Rio Tinto, Shell and Chevron are provided to enhance our understanding of the differences that exist between them and Chinese resources companies. This book will be of interest to the business community and to those readers who are interested in China and its governance related issues.
Author: Jingchen Zhao Publisher: Edward Elgar Publishing ISBN: 1781005583 Category : Business & Economics Languages : en Pages : 323
Book Description
China's recent economic transformation and integration into the world economy has coincided with increasing pressure for corporate law reform to make corporate social responsibility (CSR) integral to business and management strategy in China. This timely book critically analyses contemporary notions of CSR in China, discussing theory and practice alongside legal responses in this emerging field. Jingchen Zhao uniquely combines the history, traditions and social policies of China with Chinese law, explaining the significance of path dependence in China. He presents an in-depth debate on the difficulties involved in transplanting developed legal principles directly into Chinese society, and takes a detailed look at the CSR provisions in Chinese company law which aimed to put social and environmental concerns onto the corporate agenda. He suggests how these laws could be more effectively and efficiently enforced with reference to UK law, and explores specific issues including: * Chinese Company Law 2006 * the 'Harmonious Society' in China * the 2008 Financial Crisis and its impact on the Chinese economy * recent corporate scandals including the Sanlu Baby Milk scandal, the Wenchuan earthquake and CSR donations, the Beijing Olympic Games and CSR, and the Fujia chemical plant. This book will prove an enlightening read for academics and practitioners in the fields of law, business and management interested in CSR and the law in contemporary China.
Author: Benot Vermander Publisher: World Scientific ISBN: 9814520780 Category : Business & Economics Languages : en Pages : 354
Book Description
Over the years, many corporations have been trying to determine what they can and should do to contribute to the sustainability of the economic, social and ecological environment within which they operate. Corporate social responsibility has become a key senior management issue worldwide and an increasingly debated topic in China. This book aims at helping companies operating in China to better assess and exercise their corporate social responsibility (CSR) in specific contexts. The purpose of this book is to show that CSR has a strong economic pay back in the long run, that it is a key success factor in nurturing corporate excellence, and that a sense of urgency and accrued inventiveness are required from companies operating in China. Cross-disciplinary in scope, the book aims at helping students and analysts in political science, governance, international relations and Chinese studies to understand and appreciate the unique role that firms play in shaping a new China. It focuses on the relationship between the state, civil society and corporations in the Chinese context. It researches the conditions under which this relationship might result in redefining China''s developmental model. This practical, business-oriented book takes into account China''s classical and contemporary thought on CSR. It is the result of a long research and collaborative process with several institutions and industry leaders .
Author: Flora Sapio Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This paper sheds new light on the mechanisms used to monitor Chinese MCNs compliance with their corporate social responsibility (CSR) obligations. China's state-owned MNCs play a pivotal role in the implementation of the Belt and Road Initiative, and continue to account for roughly 30 cent of domestic GDP. SOEs' position within China's governance system, and the ideological features of China's governance model make CSR obligations a binding duty of state-owned MNCs, and of their domestic and foreign subsidiaries.In Western legal systems, CSR and its more recent evolution of business and human rights are understood as a form of regulation public and private enterprises may adopt on an entirely voluntary basis, and integrate within their business model. China's case is obviously different. The first part of this paper places the notion of CSR (gongsi shehui zeren) against the backdrop of non-state based compliance and monitoring mechanisms specific to state-owned MNCs. Next, the paper describes the major CSR norms and mechanisms grounded within the system of regulations of the Chinese Communist Party. In its concluding section, the paper presents some reflections on the main features of CSR in China and their relevance to the Belt and Road Initiative.
Author: OECD Publisher: OECD Publishing ISBN: 9264119205 Category : Languages : en Pages : 108
Book Description
By assessing a broad range of laws, regulations and codes, this book provides a valuable reference for understanding how much has been achieved in Chinese corporate governance and the main ambitions of future reform efforts.
Author: Mengxing Lu Publisher: BRILL ISBN: 9004368132 Category : Law Languages : en Pages : 340
Book Description
Corporate social and environmental responsibility (CSR/CER) can be understood as practices which voluntarily extend beyond mere compliance with mandatory social and environmental standards. Corporate social and environmental responsibility: Another road to China’s sustainable development , by Mengxing Lu, contributes to the current debate of CSR/CER by providing a legal and economic analysis of CSR/CER and its relationship with regulation. Although the development of CSR/CER is at an early juncture in China, it is nevertheless a prominent topic for Chinese policy makers and business leaders alike. By depicting the landscape of CSR/CER in China, Corporate social and environmental responsibility: Another road to China’s sustainable development successfully demonstrates the vast potential for CSR/CER’s contribution to China’s sustainable development.
Author: C. Noronha Publisher: Springer ISBN: 1137414693 Category : Business & Economics Languages : en Pages : 367
Book Description
Corporate Social Disclosure focuses on China and Japan as two countries for critical observations of the latest CSD issues. This volume consists of 12 chapters written by scholars from these two countries, addressing the latest observation of CSD in general as we as in different industries based on their latest research findings.
Author: Jiagui Chen Publisher: Springer ISBN: 3662453630 Category : Business & Economics Languages : en Pages : 300
Book Description
This book is compiled based on the research methodology and technical approach applied in the Blue Book of Corporate Social Responsibility. It consists of five parts: Summary, index, Industry, Case Studies, and Appendices. The index evaluates Chinese enterprises annually on their performance in CSR management and the level of information disclosure by assessing four different aspects: responsibility management, economic responsibilities, social responsibilities and environmental responsibilities. Moreover, it identifies and analyzes phase-specific characteristics of CSR development in China in the hope of providing references for further studies on Chinese CSR.
Author: Roman Tomasic
Author: Roman Tomasic
Author: Xinting Jia
Author: Xinting Jia
Author: Jingchen Zhao
Author: Benot Vermander
Author: Flora Sapio
Author: OECD
Author: Mengxing Lu
Author: C. Noronha
Author: Jiagui Chen