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Published in:
2017 | OriginalPaper | Chapter
7. Supervisors and Board of Supervisors
Author : Giovanni Pisacane
Published in: Corporate Governance in China
Publisher: Springer Singapore
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Abstract
The 2005 Amendment to Company Law marked the beginning of a new era, characterized by a new attention to corporate governance in Chinese companies. One of the main novelties of the new Company Law was the more incisive role and the mandatory nature of the company supervision organ, that is, the board of supervisors. The organ’s purpose is to guarantee the correct application of the other corporate governance mechanisms and to check and prevent any violations of the law by the directors or senior officers of the company.