New Perspectives on Modern Corporate Systems—Exploring Corporate Dilemmas

Author: Zhang Yinjie
Publisher:
Publish Date: 2004-09-07
Features: Do you want to know the answers to the following questions? In modern enterprises, is the relationship between shareholders and directors a trust relationship or a principal-agent relationship? What are the differences between a trust relationship and a principal-agent relationship? Are directors part of the management? Is a CEO the same as a general manager? Is it better for the chairman of the board to be a part-time or full-time position compared to the general manager or CEO? Why are small and medium-sized enterprises not suitable for establishing modern enterprise systems? Why do partnership enterprises adopt unlimited liability systems, while joint-stock companies adopt limited liability systems? When owner-managed enterprises grow and hire professional managers, do they also face a separation of ownership and control issue? What are the differences between a principal-agent relationship and an employment relationship? Why do people usually use "sales revenue" as a measure of a company's size? What are the differences in manifestations and causes between legal insider control and actual insider control? Why are operators more enthusiastic about the expansion of corporate scale compared to owners? What are the differences between corporate governance and corporate management? What are the differences between governance structures and governance mechanisms? What are the differences between the annual income of corporate managers and their equity income? Why do state-owned enterprises have both principal-agent problems and principal problems? What are the main differences between the newly established State-owned Assets Supervision and Administration Commission (SASAC) in 2004 and the old State-owned Assets Administration Bureau? What is the significance of these differences? Many highlights in this book will give you new insights into some related business issues. The book explores the most pressing concerns of the Chinese business community. For example, in modern enterprises, the relationship between the board of directors and shareholders; whether corporate managers are agents of shareholders or the legal entity of the company; why small and medium-sized enterprises are not suitable for establishing modern enterprise systems, and so on. These issues are thoroughly analyzed and explored in a detailed and insightful manner.