We have launched E-mail Alert service,subscribers can receive the latest catalogues free of charge
Corporate governance, corporate political mechanism and allocation of rights among shareholders, directors and managers
By Zhang Wenkui
Date: 2003/10/31
Abstract：
Corporate governance could be explained as a kind of institutional arrangement for protecting the interests of some weak groups rather than the enforcement of some "regulations" imposed upon by force from outside. Corporate governance is a tentative balance through gaming and corporate political mechanism is formed through gaming by interested parties. The allocation of corporate rights will be dynamically balanced whereas the struggle over rights makes the corporate look like a political platform.
