Corporate Governance: Solutions for Local Enterprises

Author: Yu Ying, Tang Zongming, Ding Yaming, Yu Heping
Publisher:
Publish Date: 2005-04-01
Features: As a leading domestic enterprise in the industry, we have a profound understanding of how crucial it is for Chinese companies to develop based on theories grounded in China's national context. The series of viewpoints proposed in this book have benefited me greatly.
Xue Weicheng, Chairman of Laoli Home Textiles: I highly commend the authors' perspectives. Indeed, there is no one-size-fits-all model of corporate governance in real life. While Chinese corporate governance certainly has issues, Western corporate governance is not perfect either. The essence of corporate governance lies in balance.
Liu Xiaodong, Deputy General Manager of Shanghai Stock Exchange: The essence of corporate governance is balance. A good corporate governance structure is essentially the balance of various forces. The beauty of corporate governance is the beauty of balance. This concept aligns with the trend of converging corporate evolution worldwide and also with the general logic of management. In the field of management, from the strategic design at the top to the specific implementation strategies, there is no universal optimal model. Perfect corporate governance structures do not exist in reality, which is a fundamental starting point for us to explore the issue of corporate governance in Chinese enterprises. This book elaborates on how Chinese enterprises, especially private enterprises, can grasp the essence of corporate governance to avoid getting lost in the jungle of corporate governance and to identify some key elements in practical operations.