Rethinking Corporate Governance and Law in China: The Theories, rules and Practices

Lau, AK; Young, AL; Li, G

Rethinking Corporate Governance and Law in China: The Theories, rules and Practices

Lau, AK Young, AL Li, G

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Publisher:: Australasian Compliance Institute
Publication Type:: Journal Article
Citation:: Compliance and Regulatory Journal, 2007, June 2007 (2), pp. 60 - 69
Issue Date:: 2007-01

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Field	Value	Language
dc.contributor.author	Lau, AK	en_US
dc.contributor.author	Young, AL	en_US
dc.contributor.author	Li, G https://orcid.org/0000-0002-6714-2981	en_US
dc.date.issued	2007-01	en_US
dc.identifier.citation	Compliance and Regulatory Journal, 2007, June 2007 (2), pp. 60 - 69	en_US
dc.identifier.issn	1834-2426	en_US
dc.identifier.uri	http://hdl.handle.net/10453/6033
dc.description.abstract	Hailing China as a rising economic giant is not an understatement. Economic reforms have transformed China into a modern economy rivalling the neighbouring Asian tiger economies like South Korean and Taiwan. This requires greater emphasis on regulating markets and governing corporations to ensure economic growth continues. Yet, legal reforms are not as straightforward as transplanting Western models, more modification to suit Chinese political and cultural considerations needs to be incorporated. Likewise, privatisation of the telecommunications sector does not mean that government influence in the new corporations cease. This is not necessarily negative, as long as safeguards are in place. Plainly, further reforms to the law and governance will be needed. Given that Confucius s philosophy continues to play a central role in Chinese society and values, developing laws and governance practices from Confucian principles will arguably be appropriate for modern China.	en_US
dc.publisher	Australasian Compliance Institute	en_US
dc.relation.ispartof	Compliance and Regulatory Journal	en_US
dc.title	Rethinking Corporate Governance and Law in China: The Theories, rules and Practices	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	June 2007	en_US
utslib.for	1801 Law	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Law
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.issue	2	en_US
pubs.volume	June 2007	en_US

Abstract:

Hailing China as a rising economic giant is not an understatement. Economic reforms have transformed China into a modern economy rivalling the neighbouring Asian tiger economies like South Korean and Taiwan. This requires greater emphasis on regulating markets and governing corporations to ensure economic growth continues. Yet, legal reforms are not as straightforward as transplanting Western models, more modification to suit Chinese political and cultural considerations needs to be incorporated. Likewise, privatisation of the telecommunications sector does not mean that government influence in the new corporations cease. This is not necessarily negative, as long as safeguards are in place. Plainly, further reforms to the law and governance will be needed. Given that Confucius s philosophy continues to play a central role in Chinese society and values, developing laws and governance practices from Confucian principles will arguably be appropriate for modern China.

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http://hdl.handle.net/10453/6033