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- Accountability; Corporate Governance; "Wenze" Accountability; China; Chinese Corporate Governance; Anglo-American Corporate Governance; "Guanxi" (personal connections/ relationships); Cultural Factors and Elements; Cultural Sensitivity; State Owned Enterprises (SOE); Corporate Strategy; Profit Distribution; Decentralization; Hybrid Corporate Governance Model; "Renqing" (reciprocity); Gift Giving; "Mianzi" (face); "Xinren" (trust); Confucianism; G20/OECD's Principles of Corporate Governance; Transparency; Relationology; Cultural Derivatives; Two-Tier Board System; Board Ethics; Information Accuracy; Justification and Explanation Followed by Questioning and Evaluation; Imposition of Consequences; Positive Values; Negative Problems; Harmonious Business Environment (1)
- Social Capital; Social Network; Board of Directors; Corporate Governance; Director and Board Performance; Independent Directors; Hong Kong; Board Structures; Monitory Function and Liability; OECD Principles of Corporate Governance; Diversity of Views; Sarbanes-Oxley Act; Hong Kong's 2012 Code of Corporate Governance Practices; Definition of "Independent"; Social Capital Theories; "Investment in social Relations with Expected Returns in the Marketplace"; Solidarity Benefits of Closure; Structural Hole theory; Control Advantage; Law and Sociology; Cohesive Model; Minimum Performance Model; "Closeness Centrality"; "Betweenness Centrality"; Normative Implications of Social Capital; Regulatory Technology (RegTech); Stock Exchange of Hong Kong (SEHK); Cheung Kong Holdings (CKH); China Mobile Limited (China Mobile); NodeXL; Family Controlled Firms; State Owned Entities (SOE); Maximum Performance Model; Disintgrated Model (1)
Articles 1 - 2 of 2
Full-Text Articles in Legal Profession
Social Capital Of Directors And Corporate Governance: A Social Network Analysis, Zihan Niu, Christopher Chen
Social Capital Of Directors And Corporate Governance: A Social Network Analysis, Zihan Niu, Christopher Chen
Brooklyn Journal of Corporate, Financial & Commercial Law
This Article examines how a director’s social capital might affect his or her behavior, the board’s performance, and corporate governance, as well as the potential normative implications of the director’s social network. We argue that the quality of board performance could be improved where the social network closure within the board is high and there are many non-redundant contacts beyond the board. Network closure can improve trust and collaboration within a board, while external contacts may benefit a company with more diverse sources of information. Moreover, different network positioning leads to the inequality of social capital for directors. With more …
Accountability In Corporate Governance In China And The Impact Of Guanxi As A Double-Edged Sword, Andrew Keay, Jingchen Zhao
Accountability In Corporate Governance In China And The Impact Of Guanxi As A Double-Edged Sword, Andrew Keay, Jingchen Zhao
Brooklyn Journal of Corporate, Financial & Commercial Law
Accountability is an essential aspect of corporate governance and it has been argued that the “wenze” system of accountability in China comes very close to the accountability systems developed in Anglo-American corporate governance. This Article examines the role of cultural factors, namely guanxi and its derivatives, in corporate governance in China to determine what effect, if any, these cultural factors have on the operation and development of the “wenze” system in large listed companies. The Article specifically considers whether the cultural elements affect accountability, and if so, how and to what extent. It also explores whether these cultural factors are …