Abstract

http://ssrn.com/abstract=1533904
 


 



Corporate Governance in China and Hong Kong: Reconciling Traditional Chinese Values, Regulatory Innovation and Accountability


Angus Young


School of Law, University of Western Sydney; Department of Accountancy, Hang Seng Management College; GRC Institute

January 9, 2010


Abstract:     
Much has been said about the convergence of corporate governance and regulations. The underlying assumptions of this phenomenon are driven by globalisation and the dominance of the Anglo-US model of corporate governance. Since the Asian crisis in 1997, Hong Kong and perhaps to a less extend China, had amended both company laws and regulations, mirroring provisions and rules in developed Western economics. This paper will attempt to reconcile the east-west ideological divide about regulating corporate governance under a meta-regulatory framework. The aim is to combine laws and ethics thereby enhancing accountability and improving regulatory compliance by adapting Chinese ethical values like Confucianism into the regulatory system. Therefore, the overarching goal of this exercise is to adapt the wisdom of Chinese ethics into regulatory guidelines for Hong Kong and China’s rapidly growing economies.

Number of Pages in PDF File: 33

Keywords: Corporate Governance, Regulation, Directors, Ethics

JEL Classification: G30, G38, K22, L50, N45

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Date posted: January 10, 2010  

Suggested Citation

Young, Angus, Corporate Governance in China and Hong Kong: Reconciling Traditional Chinese Values, Regulatory Innovation and Accountability (January 9, 2010). Available at SSRN: http://ssrn.com/abstract=1533904 or http://dx.doi.org/10.2139/ssrn.1533904

Contact Information

Angus Young (Contact Author)
School of Law, University of Western Sydney ( email )
Locked Bag 1797
Penrith, NSW 2751
Australia
Department of Accountancy, Hang Seng Management College ( email )
Hang Shin Link
Siu Lek Yuen
Shatin, Hong Kong
China
GRC Institute ( email )
Level 1, 50 Clarence Street,
Sydney,
NSW, 2000
Australia
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