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Sources of Law on Corporate Governance Read chapter Read first chapter

2017 | OriginalPaper | Chapter

2. Companies Under Chinese Law

Author : Giovanni Pisacane

Published in: Corporate Governance in China

Publisher: Springer Singapore

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Abstract

The structure of Company Law (revised in 2005), which was maintained in current Company Law (revised in 2013), represented an important text in the modernization process of Chinese company law.

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Footnotes
1
Article 8 of Company Law: “The name of a limited liability company established in accordance with the Law shall feature the words “limited liability company” or “company limited”.
The name of a company limited by shares established in accordance with the Law shall feature the words “company limited by shares” or “joint stock company””.
 
2
See Article 2 of Company Law.
 
3
For example, Article 1 of Company Law lists, among the aims of corporate legislation, that of “promoting the development of socialist market economy”; under Article 17 paragraph 2, a company should use various methods to strengthen the education and the formation of its employees on the job, so as to improve their capabilities; finally, Article 19 states that companies should facilitate the activities of the Chinese Communist Party established within the company in accordance with the Constitution of the Party.
 
Metadata
Title
Companies Under Chinese Law
Author
Giovanni Pisacane
Copyright Year
2017
Publisher
Springer Singapore
Book
Corporate Governance in China

Print ISBN: 978-981-10-3910-2

Electronic ISBN: 978-981-10-3911-9

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-981-10-3911-9_2