the reform of CG in China Free Essay

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the reform of CG in China

1. Introduction Chinese enterprises have become to realize that the corporate governance (CG) is the key issue of the enterprise reform in China during the last twenty years. There was a decision past on the fourth plenum of Chinese communist party’s 15 th central committee held in September 1999. This decision was about “strategic adjustment” of the state department and cancelled what should be cancelled. Meanwhile this decision pointed out that the CG was the core of the modern enterprise system. Like the United States, China has suffered a number of financial scandals at last year. As a result, Chinese officials are examining more closely than ever about the issue of corporate governance—the ways by which various corporate par

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