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Title: Directors' Duties Under Chinese Law: A Comparative Review
Contributor(s): Wei, Y (author)
Publication Date: 2006
Open Access: Yes
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Abstract: The terms "one-tier-board system" and "two-tier-board system" are customarily used to classify corporate governance systems of different jurisdictions. There are also other species of systems that do not strictly fit in any of the two major descriptions. Nevertheless, it has been the trend in the development of all systems that the centre of corporate governance shifts from the members' meeting to the board of directors. Nowadays, the powers of corporate management are basically conferred on the board of directors in most systems. Directors thus become crucial to the commercial performance of corporations and are held accountable for the conduct and activities of corporations. Consequently, directors have been subject to increasing legal responsibilities.
Publication Type: Journal Article
Source of Publication: University of New England Law Journal, 3(1), p. 31-56
Publisher: University of New England
Place of Publication: Armidale, Australia
ISSN: 1449-2199
HERDC Category Description: C2 Non-Refereed Article in a Scholarly Journal
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