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China's Banking TransformationThe Untold Story$
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James Stent

Print publication date: 2017

Print ISBN-13: 9780190497033

Published to Oxford Scholarship Online: December 2016

DOI: 10.1093/acprof:oso/9780190497033.001.0001

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5 Bankers
China's Banking Transformation

James Stent

Oxford University Press

Corporate governance is emphasized in Chinese banks, and standards are high. Boards of supervisors and boards of directors combine German and Anglo-American models. Directors are competent professionals with finance backgrounds, but composition of boards lacks diversity. Senior management is dedicated, professional, and competent. Incentive structure is radically different from Anglo-American counterparts, resulting in closer alignment of principal and agent. Strong work ethic exists among staff. Corporate culture is hierarchical, and is risk averse. Organizational structure is rigid.

Keywords:   corporate governance, board of supervisors, board of directors, management, principal and agent problem, incentive structure, corporate culture, risk averse, professional, organizational structure

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