The Development of Corporate Governance in China

This important and timely book examines how corporate governance has and should be developed in China to meet the challenges of enterprise and financial reform. It highlights key economic, social and political issues that China has to confront in order to transform the state owned industrial enterprises into a competitive and modern corporate sector.On Kit Tam critically appraises the main analytical frameworks and models of corporate governance in industrialized countries. He then assesses China's development in terms of current Western debates in relation to the role, function and evolution of corporate governance arrangements. He examines how the Chinese government has adopted a top-down approach combined with a market based Anglo-American model. The author also presents surveys of company directors, managers and supervisors reporting the current environment and analyses the choices available in the light of China's particular problems. He concludes with suggestions for a model of corporate governance in China. This book will be welcomed by economists and those interested in management studies, Chinese reform, international business, Asian studies, industrial organization and business strategy.

Table of Contents:
Contents: Preface 1. Introduction 2. Corporate Governance and the Creation of Modern Corporations in China 3. Models of Corporate Governance: Theoretical Approaches and an International Comparison 4. Corporate Governance Issues Relating to China 5. An Analysis of Corporate Governance Arrangements in Chinese Public Companies 6. Current Practices and Problems in China’s Corporate Governance 7. Future Development of Corporate Governance for Chinese Companies Appendices References Index

About the Author :
On Kit Tam, RMIT University, Australia

Review :
'. . . this is a well reasoned account giving an insightful perspective on changes taking place within corporate China. It eloquently situates China's reforms within the international debate on corporate governance, providing coherent arguments backed by new empirical findings.' 'The Development of Corporate Governance in China is a timely and well-written book. It elegantly situates China's corporate governance reforms in an international context and provides coherent argument backed by new empirical findings. It is a must read for anyone interested in the economic reform of China's vast state sector.' '. . . a useful first step for scholars, students, and practitioners outside China interested in corporate governance inside China.' 'The Development of Corporate Governance in China examines how the development of corporate governance matters in China's economic development and enterprise reform. It provides a penetrating study of the major corporate governance issues encountered in the country's reform process. Set firmly against the realities of China and relevant international experiences, the book shows the pitfalls of China's approach to corporate development and suggests an alternative model. Its analysis is balanced and full of insights into the working of the emerging corporate sector. It is the first major book on the subject with comprehensive survey data. Anyone interested in the future of China's economic and corporate development would find the book rewarding and worthwhile.' 'This is an extremely timely and valuable book. The future of corporate governance has been under keen debate in China and crucial decisions are currently being taken. Professor Tam's book succinctly analyses the background and theoretical issues and discusses how the dilemma might be resolved. Essential reading for anyone interested in contemporary Chinese business, economics or organization.'