Corporate law has long been concerned with director independence. In controlled companies, the conventional wisdom focuses on “beholdenness” as the main threat to independence. The prevailing theory argues that directors might feel pressured to reciprocate a past kindness from the...

This overview summarizes the key findings of the eight chapters and one policy note. It is organized as follows. The first section provides a background of Guangdong, while the second describes the current situation of inequality in the province. Next is a discussion of the potential impacts of...