Corporate Governance Model: Shareholder Primacy or Board Primacy?--By Comparative Analysis Between China and Australia

Jiaming Zhang

《International Journal of Social Science and Education Research》 5卷8期 (2022/08) Pp. 492-503

https://doi.org/10.6918/IJOSSER.202208_5(8).0068

摘要

The corporate governance structure determines in whose hands the decision‐making power for the company's operations. The two current mainstream corporate governance structures correspond to Shareholder Primacy and Board Primacy theories, respectively. There are many types of companies and diverse governance structures in China. Therefore, this paper analyzes the characteristics of different companies in China and compares the advantages and disadvantages of different governance structures. After analyzing the company law practice in Australia, we believe that the reform direction of Chinese company law should be biased towards providing governance templates and recommendations for companies, appropriately relaxing the flexibility of corporate structure, and leaving the decision to corporate autonomy.

關鍵字

Corporate Governance ； Shareholder ； Board ； Corporate autonomy

參考文獻

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