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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 October 2021

Bankers

Bankers

Chapter:
5 Bankers
Source:
China's Banking Transformation
Author(s):

James Stent

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190497033.003.0005

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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