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Board and supervisory board. responsibility and supervision.
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The Company Law governing listed companies in China was promulgated in 1993. It introduced boards of directors and supervisory boards, and clearly provided that companies limited by shares should set up shareholders’ meetings, a board of directors and a supervisory board. Since then, Chinese listed companies have made great progress in the establishment of a board system, gradually introducing an independent director system and a specialised committee system and laying the foundations for the board’s independence and effective operations. Meanwhile, the establishment of mechanisms such as the election, terms of reference and responsibility investigation has paved the way for the board to provide strategic guidance, effective supervision over management and protection of the interests of companies and shareholders. |
| Page Count | 17 |
| Starting Page | 77 |
| Ending Page | 93 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2011-09-22 |
| Access Restriction | Open |
| Subject Keyword | Governance Industry and Services |
| Content Type | Text |
| Resource Type | Chapter |
