This summer international business leaders gathered in China to discuss the most recent developments in corporate governance in China and America. A brief video summary of the topics discussed during the conference can be found on the Business Week web-site.
The conference focused on data collected by Risk Metrics Group which surveyed 300 global investors and found that 93% will focus on corporate governance developments in China over the next three years. The primary reason for investor focus on corporate governance in Chinese businesses are the overlapping roles of regulators, policymakers, and owners. Meanwhile, for Chinese firms the incentives of looking at corporate governance have much to do with deep aspirations to be viewed as world-class businesses and desire to better manage their risk.
Published Date: August 18, 2008