Sherry A. Madera & Laixiang Sun :
040_DP57 International Listing Induced Improvements in Corporate Governance Practices: The Case of China Mobile (Hong Kong)
JEL Classification:
Abstract:
International listing of China Mobile, the current number one player in China’s mobile network business, has been regarded as a great success in terms of raising capital and financing expansion. However there has been a debate whether the international listing leads to a meaningful improvement in corporate governance. This paper employs the case-study approach and uses the OECD Principles of Corporate Governance as the analytical prism to examine the company’s corporate governance strengths and weaknesses. It shows that the listing has induced significant improvements in major areas of corporate governance practices in the company but challenges remain in the area of defining and monitoring related-party transactions. This in-depth case study aims to provide inspirations and assistance for practitioners and policy-makers in transition economies to establish practical solutions to such challenges.
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