An insightful overview of the political, legal and social perspectives which inform corporate governance in China, this book examines the challenges of corporate governance faced by Chinese corporations and international corporations operating in China.
Unlike other texts that tend to focus solely on the board of directors and the takeover market, Yu has enlarged the scope of this study to cover both market forces and contractual mechanisms, providing readers with an extended and comprehensive discussion of the pertinent issues.
It explores a range of issues and their role in corporate governance models, including:
- executive compensation
- takeover markets
- the securities market
- insolvency issues
- venture capital market
Examining the current climate and making the case that comparative corporate governance studies have significant policy implications for China’s transitional economy, Yu has put together a book that is a valuable resource for students and those working in Asian business, corporate governance and commercial law.
Table of Contents
1. The Relevance of Comparative Corporate Governance Studies 2. The Problem with the Transplantation of Western Law 3. The Proper Role of Governmant in Building a Venture Capital Market 4. The Case Against Uniformity in Corporate Governance 5. The Regulation of Executive Compensation 6. Towards a Functional Approach to Comparative Corporate Governance Studies
'At a time when corporation law in the People's Republic of China is undergoing wide ranging and profound change, Professor Yu's book offers a useful comparative perspective on corporate governance. Professor Yu's functional approach is informed by the best in legal scholarship and corporate governance theory. This volume will be useful not only for students of corporate governance and Chinese law, but also for scholars working in broader issues of comparative law more generally.'
- Dr. Pitman B. Potter, Professor of Law, Director, Institute of Asian Research
'This book makes a valuable contribution to understanding recent corporate governance and corporate law policy debates that have occurred in China. It provides insightful discussion of a variety of western legal models and identifies difficulties facing reformers in applying these models to China's rapidly changing economy. This important book will be useful to researchers, practitioners and students.'
- Professor Roman Tomasic,Research Professor, School of Law,Victoria University, Melbourne