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Donegan, Heida --- "Law and finance: from ‘transplantation’ to ‘better’ corporate governance in China" [2017] ELECD 1150; in Vasudev, M. P.; Watson, Susan (eds), "Global Capital Markets" (Edward Elgar Publishing, 2017) 116

Book Title: Global Capital Markets

Editor(s): Vasudev, M. P.; Watson, Susan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781786432865

Section: Chapter 5

Section Title: Law and finance: from ‘transplantation’ to ‘better’ corporate governance in China

Author(s): Donegan, Heida

Number of pages: 27

Abstract/Description:

Explosive growth in the Chinese economy over recent decades has spawned the country’s corporate governance and securities law systems. This chapter examines the course of developments, pointing out that many of the measures introduced in China, for example, independent directors and disclosures of related party transactions, are no more than simple ‘transplants’ of the devices from Western jurisdictions. It argues for refining the corporate governance and securities regulatory system to suit China’s own needs and circumstances, and posits a reduced role for government as an important prerequisite in the future development of Chinese governance systems. Keywords: • China corporate governance • Chinese business law history • Chinese Company Law • Chinese Securities Law • China Securities Regulatory Commission • Chinese State-Owned Enterprises