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12、Robot• C• Clerk Corporate Law (Chinese Version), Industrial and Business Press, 1999 edition, p94,
13、See The Premise under Which the Independent Director Take Effect, published at the web of China grandness economy, May 18th, 2001.
14、See Be Alert to the New One Dominate Share published on the CHINA SECURITIES ,June 13ird, 2001.
15、ZHONG HONGJUN A Survey of corporate Governance in China published at http://165.105.182.3/students/gh99bo/xsw2
16、One dominate share refers to the phenomena in China that the management of the public held corporate is controlled only by the several largest shareholders who are state or its representative, but the small shareholders and the other stakeholders have been deprived of the right to manage.
17、YIN SHAOPING Consideration about The Independent Directors, published on ECONMIC LAW and LABOUR LAW, 2001,No.1.
18、See It is Necessary to Establish the Independent Supervisor in China, published at http;//www.158china.com.
19、 See It is Necessary to Establish the Independent Supervisor in China, published at http;//www.158china.com.
20、This article can be seen at the web site http://www.finance.china.com(2000-9-13)
21、Jamie.Allen ( the Secretary-general of The Asian Association of Corporate Governance) Said many internal renovations of company are mainly promoted by the managerial staff and the shareholders, and ii is very difficult to find a case that proved the renovation promoted by the independent directors.
22、See QINXIAO, The Choice of the Model of the Corporate Governance and the Arrangement of the System, published at
http:// www.macrochina.com.cn
23、Article 148 of COMPANY LAW provides that the shares holds by the state can be transferred, but must be sanctioned by some regulations.
Article 126 of COMPANY LAW provides that the supervisory board has the powers to check the account book, to supervise the behavior of the mangers and directors, to suggest the board of directors to hold assemble shareholders meeting. Etc.
But in Germany, according to the AKTG of 1965, the supervisory board also have the power to sanction the financial report submitted by the board of directors to the assemble shareholders meeting.(Article 171)
24、In China, most public held corporations come from the stated owned enterprise, and the assemble representatives of the employees meeting is the main form of governance.
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