Corporate governance with Chinese specifics: the role of the Chinese Communist Party in the management of state-owned enterprises
Abstract
The existence of a “party organization” in corporations is one of the features of corporate governance in China. This article discusses the problems of the participation of the Chinese Communist Party in the corporate governance of state-owned enterprises in China. At the same time the prejudices and misunderstandings of the legal significance of this participation are analyzed, the legitimacy, expediency and advantages of this participation are justified. Based on the study, the author proposes to improve legislation in order to make the status of party organizations more defined in the structure of corporate governance.
Received: 01/01/2020
Accepted: 02/01/2020
Accepted date: 02/28/2020
Keywords: China; corporate governance; state-owned enterprise; Chinese Communist Party; legitimacy; corporate structure
Available in the on-line version with: 30.01.2020
