Shareholder wealth maximisation revisited -- Shareholder power and shareholder empowerment -- Shareholder rights and corporate objectives in China : past and present -- Towards stakeholder model -- A more suitable corporate objective in China.

Although an agency perspective could help to understand modern companies in many aspects, it is wrong and perilous to equate the relationship within the company with simply an agency relationship or to emphasise the financial structure too much. Simply speaking, directors are much more than...

The corporate objective, namely in whose interests should a company be run, is the most important theoretical and practical issue confronting us today, as the core objectives animate or should animate every decision a company makes. Despite decades of debate, there is no consensus regarding what...

While it seems that China's corporate system lags far behind that of Western developed countries such as the UK, the US or Germany, as early as 1904 China's first corporate law had been promulgated by the imperial government—the Qing Government—which included the rule of limited liability...

Even with a significant increase in the number of firms around the world engaging in corporate social responsibility (CSR), many people still perceive CSR as a voluntary commitment and shareholder value maximization (SVM) as a mandatory requirement. This paper borrows the concept of hard law and...

The corporate objective, namely, in whose interests should a company be run, is the most important theoretical and practical issue confronting us today, as the core objectives animate or should animate every decision a company makes. Despite decades of debate, there is no consensus regarding...

Distinct from proportionate voting rules, dual class shares offer a group of shareholders, normally corporate insiders, certain share classes with weighted voting rights. The weighted voting rights enable these insiders to retain a degree of control over the company that is disproportionate to...

Shareholders are entitled to participate in the corporate decision-making and internal governance when it comes to determining corporate leadership or/and fundamental corporate changes. Accordingly, any discourse of corporate social responsibility (CSR) without a serious discussion on...

Following other leading financial centres in Asia, China also recently relaxes restrictions on one share-one vote and starts to allow companies with differentiated voting rights (DVR) arrangement under dual-class share (DCS) structures to list on its newly established Sci-Tech innovation board,...