Effective monitoring structure within a company is one major concern of corporate govern-ance. Both China and Germany adopt a two-tier board structure and have experienced similar considerable difficulties regarding the efficacy of the supervisory boards. This paper focuses on the different ways in which both countries addressed this problem. It is argued that there has been no need for China to adopt a parallel system of independent directors. Rather, China should have followed the German way and professionalized its supervisory boards.
Table of content
Abstract
I. Introduction.
II. Internal governance structure of companies.
1. Germany.
2. China.
III. Supervisory concerns and reforms.
1. Germany.
2. China.
IV. Comparison and assessment
1. The notion of independent director
2. The role of the supervisory board.
3. The role of the management board.
4. The role of the shareholders.
5. The role of the state.
6. Cultural obstacles.
V. Conclusion.
- Citar trabajo
- Dr. Alexander Shchavelev (Autor), 2012, Improving Corporate Governance in Companies with a Dual Board Structure, Múnich, GRIN Verlag, https://www.grin.com/document/262676
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