Modelling an Effective Corporate Governance System for China's Listed State-Owned Enterprises : Issues and Challenges in a Transitional Economy

The purpose of this paper is to construct a suitable model of corporate governance for China's listed companies that were formerly state-owned enterprises (ie listed SOEs). The paper first identifies the corporate governance problems in China's listed SOEs. It is then followed by an examination of the suitability of the insider/outsider systems of corporate governance as a model for China's listed SOEs in light of China's current political, economic and social conditions. Drawing from the Singapore's model of corporate governance for its government-linked companies, the paper concludes with a proposal to adopt the Singapore's Temasek model as a system of corporate governance for China's listed SOEs