The Chinese Communist Party (not the State) is increasing its control of public corporations
Last week, we took a break from our WRR to focus on our Distinguished Speaker Series, with Mr. Bruce Quan ('75). There, we learned about the complexities of advancing cross-border transactions with and in China. Notably, the preeminent role of the State in businesses and the difficulties for foreign actors to enter the market.
As a follow-up of that conversation, we invite you to consider a dramatic change: the Chinese Communist Party (not the State) is increasing its control of some of the most significant listed companies in the country. Fewer opportunities for investors and a substantial increase in the President's powers.
What do you think?
We are Boalt! We are Global!
Shared on November 21, 2017
Tags: China, corporate governance, corporate control