Corporate Governance Under Mixed Ownership

This chapter provides a comprehensive analysis of the governance structures in China’s state-owned enterprises (SOEs) amidst mixed ownership reforms. It delves into the complexities of personnel appointments and management, critiques the development of the professional manager market, and assesses the efficacy and challenges of existing incentive mechanisms. Additionally, the role and impact of independent directors within SOEs are thoroughly examined, revealing both the strengths and areas needing reform to ensure corporate governance aligns more closely with market-oriented principles. The discussion emphasizes the need for more diversified and independent boards and highlights how improved incentive structures can significantly enhance SOE performance and competitiveness in the global market.