Volume II

Comment: Foreign Workforce and Bank Reform: Changing the Legal Landscape and Corporate Governance Levels in China
Michael Chan

Abstract

While China has recently enjoyed positive economic indicators, the corporate governance structure has gone largely unchecked. This note argues that economic growth in China will not continue without major reforms in corporate governance. By providing a two-tiered corporate governance solution based on economic reform in a bank-centric economy and human resource allocation utilizing foreign and local workforces, the author provides a structure from which China’s economy could continue to flourish. Discussing briefly Chinese economic history and outlining the issues surrounding China’s corporate governance problems, this note highlights the risks to China’s economic development unless economic reforms to increase corporate governance levels do not improve.