Read e-book online Corporate Governance, Responsibility and Sustainability: PDF

By Arindam Banik

Corporate Governance, accountability and Sustainability investigates a variety of dimensions of company governance concerns in key rising economies akin to China, India, Brazil, South Africa and Russia. The e-book explores a few matters within the parts of company governance framework, marketplace self-discipline and development an effective, aggressive market.

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2004. A Chinese-United States Joint Venture Business Ethics Model and its Implications for Multi-national Firms, International Journal of Management, 21 (1), 58–66. , 2002. Three C’s: Civil Society, Corporate Social Responsibility, and China, China Business Review, 29 (1), 34–56. , 2001. Chinese Villages and Townships as Industrial Corporations: Ownership, Governance, and Market Discipline, American Journal of Sociology, 106 (5), 1338–1370. N. , 1999. Ownership Structure and Corporate Governance in Chinese Stock Companies, China Economic Review, 10, 75–98.

The last recommendation regarding the board mentions the need to have effective audit committees, with at least three members all drawn from nonexecutive directors. The next four recommendations focus on disclosure of information regarding share prices, segment-wise details on sales, operations, markets and future prospects. Consolidation of group accounts should be voluntary; but if a company consolidates then the definition of “group” should include the parent company and its subsidiaries where the reporting company owns over 50% of the voting power.

Furthermore, there is a big performance gap between the private enterprises and that of the state-owned enterprises in respect of environmental protection and the quality of products. , 1983). Conclusions It appears that the corporate governance framework in China is still developing and adapting to the country’s economic transformation. As market discipline is still developing, the role played by the formal legal and regulatory framework remains essential for building an efficient and competitive capital market.

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