Title: On the Relationship between the Board and the Manager in Corporate Governance Structure
Abstract: In large-scale public companies,the status of the board of directors,as the operational and decision making organ,has been revolutionary impacted by operators.To deal with the changes occurred in the practice,the Company Law has made the relevant changes accordingly.For instance,it changes the functions of the board of directors to the“supervi-sion and controlling functions”rather than the“operational and decision making functions”.Given the fact that both the theories and the practice of the Company Law have been significantly different from the implementation environment the traditional Company Law had framed,the 2006 PRC Company Law has made amendments to the relationship be-tween the board of directors and managers from the systematic angle,e.g.: it no longer provides for the unitary legal representative system and it no longer provides that the statutory authorities entitled to managers shall be supplements to the articles of association of companies.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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