Modelling an Effective Corporate Governance System for China's Listed State-Owned Enterprises: Issues and Challenges in a Transitional Economy
Journal of Corporate Law Studies, Vol. 7, No. 1, 2007
Posted: 16 Aug 2007
Abstract
The purpose of this paper is to construct a suitable model of corporate governance for China's listed companies that were formerly state-owned enterprises (ie listed SOEs). The paper first identifies the corporate governance problems in China's listed SOEs. It is then followed by an examination of the suitability of the insider/outsider systems of corporate governance as a model for China's listed SOEs in light of China's current political, economic and social conditions. Drawing from the Singapore's model of corporate governance for its government-linked companies, the paper concludes with a proposal to adopt the Singapore's Temasek model as a system of corporate governance for China's listed SOEs.
Keywords: SOE, Corporate Governance, Insider, outsider system, Temasek model
JEL Classification: G32, G34, K22, L32, P20, P21, P31
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