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Author: Ju-Xiang Gu Publisher: ISBN: Category : Languages : en Pages :
Book Description
The company secretary in China is referred as board secretary. However, it emerges not directly from the real needs of the companies, but from the regulatory requirements. To comply with foreign listing rules, the board secretary was required to be established in those state owned enterprises (SOE) seeking listing overseas (Wang, 2010). Then, a further extensive series of rules and regulations empower the development of board secretary in China. Although there is a large volume of written rules about the board secretary, few researches are made on board secretary's work in practice. This paper attempts to provide insights on the current role of board secretary in the listed companies in China. More specifically, the paper studies the main tasks and responsibilities of the board secretary and his/her ranking in the internal hierarchy. In addition, the paper particularly looks into the board secretary's task of providing support to the board of directors. The paper finds that the board secretary acts as the compliance ensurer of the company. The board secretary is responsible for ensuring company's compliance with internal and external rules, in particular with the corporate governance rules. He/she is also responsible for ensuring board procedures are complied with and advising directors on regulatory compliance. However, the board secretary's role goes beyond being the compliance ensurer. He/she also functions as the link to investors and other external stakeholders (Erismann-Peyer et al., 2008), such as regulators and media. Moreover, the board secretary contributes to top management activities. Further, by analysing the board secretary's support to the board, problematic aspects within the board in China are implied. First, the finding implies the decision power of board of directors is limited. Second, the finding provides evidence on the fact that audit committee in China is not effective.
Author: Ju-Xiang Gu Publisher: ISBN: Category : Languages : en Pages :
Book Description
The company secretary in China is referred as board secretary. However, it emerges not directly from the real needs of the companies, but from the regulatory requirements. To comply with foreign listing rules, the board secretary was required to be established in those state owned enterprises (SOE) seeking listing overseas (Wang, 2010). Then, a further extensive series of rules and regulations empower the development of board secretary in China. Although there is a large volume of written rules about the board secretary, few researches are made on board secretary's work in practice. This paper attempts to provide insights on the current role of board secretary in the listed companies in China. More specifically, the paper studies the main tasks and responsibilities of the board secretary and his/her ranking in the internal hierarchy. In addition, the paper particularly looks into the board secretary's task of providing support to the board of directors. The paper finds that the board secretary acts as the compliance ensurer of the company. The board secretary is responsible for ensuring company's compliance with internal and external rules, in particular with the corporate governance rules. He/she is also responsible for ensuring board procedures are complied with and advising directors on regulatory compliance. However, the board secretary's role goes beyond being the compliance ensurer. He/she also functions as the link to investors and other external stakeholders (Erismann-Peyer et al., 2008), such as regulators and media. Moreover, the board secretary contributes to top management activities. Further, by analysing the board secretary's support to the board, problematic aspects within the board in China are implied. First, the finding implies the decision power of board of directors is limited. Second, the finding provides evidence on the fact that audit committee in China is not effective.
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: Alice De Jonge Publisher: Edward Elgar Publishing ISBN: 1848442785 Category : Business & Economics Languages : en Pages : 323
Book Description
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: Chen Wang Publisher: ISBN: Category : Languages : en Pages : 37
Book Description
We study the impact of corporate secretary tenure on the governance quality of Chinese A-share listed firms. Results show that corporate secretary tenure is negatively associated with board meeting frequency, outside director in-meeting dissent and incidence of fraud and lawsuit. Key findings are robust to an array of additional tests including the propensity score matching, instrument variable analysis as well as alternate governance measures such as analyst coverage, modified auditor opinion, number of institutional shareholders, and outside director board meeting absence. Overall, our study confirms the importance of corporate secretary in favour of modern corporate governance outcomes and board processes.
Author: Belle Qi Guo Publisher: Springer Nature ISBN: 9819964768 Category : Law Languages : en Pages : 229
Book Description
This book studies an overarching question of the challenges faced by Chinese lawmakers, Chinese listed companies, Chinese companies’ external advisers, and securities regulators in dealing with Chinese cross-border listed companies’ continuous disclosure in Australia, and how can these challenges be addressed. Chinese listed companies are struggling to meet the continuous disclosure requirements while listing in Australia and have even been depicted as having poor corporate governance and transparency. Many get delisted from the securities market in Australia subsequently due to non-compliance in continuous disclosure or are straight rejected from listing because of continuous disclosure compliance concerns. This book cuts in from this angle and delves deep into the overarching question through the following four sub-questions: What are the theories and policies behind the continuous disclosure regimes in Australia and China and how have they been differently implemented in the securities markets in these two countries? What are the deficiencies, at the intracompany level, contributing to Chinese cross-border listed companies’ non-compliant continuous disclosure in Australia? What are the limitations, from the perspective of external advisers’ efforts, contributing to Chinese cross-border listed companies’ non-compliant continuous disclosure in Australia? What are the difficulties, at the regulatory level, contributing to Chinese cross-border listed companies’ non-compliant continuous disclosure in Australia? In addressing these questions and putting forward corresponding reform proposals, this book takes not only legal but also historical, cultural, and political-economic factors into consideration.
Author: Check-Teck Foo Publisher: Springer ISBN: 9811328412 Category : Business & Economics Languages : en Pages : 146
Book Description
This volume presents the current thinking on finance and strategy inside China. It begins with research presented at the China Financial Markets Conference in 2016, jointly organized by the University of Malaya and the Sun Tzu Art of War Institute. It includes a talk by Check Teck Foo on Currency-at-War: A Longer View, as well as a highly innovative piece by Kishan on the New Chinese Paradigm in Finance, and Tianyue Lu and Wee-Yeap Lau’s empirical work on China’s Shadow Banking. Ignatius Roni Setyawan and Buddi Wibowo also offer compelling contributions on Determinants of Market Integration in ASEAN. Other topics include The intriguing poser: integrating China into ASEAN, will determinants be the same? and Real Estate and Inflation in China by Siew Peng Lee and Mansor Isa. The book also features contributions from the 7th Global Chinese Management Conference held in 2017. Of the several papers on Sun Tzu, Seow Wah Sheh’s on Modeling of the Dao of Sun Tzu for Business was chosen along with Shi Yong Song’s Legal Risks inside China and Sustainability Reporting by Xin Sheng Duan and Check-Teck Foo. Furthermore, contributions on Company Secretaries on Chinese Board of Directors by Guang You Liu and Xiao Hui Wang are included. Lastly, it presents Check-Teck Foo’s interview with Singaporean Chinese forecaster, Jason Tan Beng Siang, discussing Chinese approaches to forecasting as well as his invention, San Bian Shu.
Author: Xinting Jia Publisher: Routledge ISBN: 1135254478 Category : Business & Economics Languages : en Pages : 190
Book Description
Looking at the governance of resources companies in China, this book tackles contemporary issues of resource security and environmental change which are closely related to the depletion of the world’s natural resources. It contains case studies of other international resources giants such as BHP Billiton, Rio Tinto, Shell and Chevron to enhance readers understanding of the differences that exist between them and Chinese resources companies.
Author: OECD Publisher: OECD Publishing ISBN: 9789264119086 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: Minkang Gu Publisher: Hong Kong University Press ISBN: 9888028626 Category : Law Languages : en Pages : 407
Book Description
In China, the thirty-year economic reform reflects the process of moving from planned economy towards market economy. This could be seen From the changes in the 2005 Company Law, which recognizes the owners' property rights and gives more freedoms to them to decide various matters. In this new edition, besides offering a systemic the constitution of companies, the establishment of various companies, role and function of various parties in corporate governance, and corporate financing, Gu Minkang highlights the major changes in the 2005 Company Law, and addresses many new issues such as shareholders' derivative action, American limited liability company, and asset restructuring of listed companies. Another important feature is a comparison between the 1993 Company Law and the 2005 Company Law that will facilitate reading and understanding. This comprehensive and up-to-date presentation of Chinese company law will be of value to all who are involved in business with and in China and their legal advisors, and to students of Chinese company law.
Author: Ju-Xiang Gu
Author: Ju-Xiang Gu
Author: OECD
Author: Alice De Jonge
Author: Chen Wang
Author: Belle Qi Guo
Author: Check-Teck Foo
Author: John Philip Lawton
Author: Xinting Jia
Author: OECD
Author: Minkang Gu