Particular Nuances of Corporate Governance: State-Owned Companies and Family-Owned Companies

In some types of Chinese companies, the relationship between owners and management of a company takes on nuances which may be unfamiliar for foreign observers.

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Giovanni Pisacane

Corporate Governance in China The Structure and Management of Foreign-Invested Enterprises Under Chinese Law

China Law, Tax & Accounting Series editors Giovanni Pisacane, Shanghai, China Daniele Zibetti, Shanghai, China Lea Murphy, Shanghai, China Marta Snaidero, Shanghai, China Calvin Zhang, Shanghai, China Sophia Zhao, Shanghai, China

This series provides practical overviews, suggestions and advice on the main issues concerning law, tax and accounting in China. Each topic is investigated in depth from a professional point of view, and will, where possible, include the opinions of CPAs and Lawyers. These books provide useful tools for understanding the Chinese law, tax and accounting systems, they are written by professionals, for professionals. Every book in the series includes an appendix with the relevant laws and regulation and, where possible, the main interpretation of the Supreme Court of China.

More information about this series at http://www.springer.com/series/13914

Giovanni Pisacane

Corporate Governance in China The Structure and Management of Foreign-Invested Enterprises Under Chinese Law

123

Giovanni Pisacane GWA Law, Tax & Accounting Shanghai China

ISSN 2365-628X China Law, Tax & Accounting ISBN 978-981-10-3910-2 DOI 10.1007/978-981-10-3911-9

ISSN 2365-6298

(electronic)

ISBN 978-981-10-3911-9

(eBook)

Library of Congress Control Number: 2017933938 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

To my beloved kids Isabella and Federico Kai

Preface

In an effort to become more attractive to foreign investment, China has initiated r