Employee participation in corporate governance of Chinese companies: A comparative aspect

Authors

DOI:

https://doi.org/10.21638/spbu14.2021.316

Abstract

The development of the stakeholder theory is one of the global trends in corporate governance. This article examines the problems of employee participation in corporate governance in accordance with the current legislation of the PRC and assesses the rationality of the chosen path of employee participation in corporate governance in China by conducting a comparative analysis with Germany and the United States. The author believes that due to the difference in historical origin and legislative basis, as well as taking into account structure-driven path dependence and rule-driven path dependence effects, from the point of view of legal regulation, a unique model of employee participation in corporate governance has formed in China. In addition, the mechanism of employee participation in corporate governance by the current legislation of China is generally suitable for the national conditions of China. In addition, the author makes suggestions for improving the mechanism of employee participation in corporate governance in China. Having studied the state of Russian legislation in comparison with China and other countries, the author suggests several issues that require special attention from the Russian legislator on this matter. It is noted that the study of the experience of legal regulation of employee participation in corporate governance in China will help in the development and amendment of further legislative provisions to regulate this issue in Russia, in order to advance towards better ideals of cooperation between workers and employers. Specifically, in the long term, the Russian legislator can also normatively secure employee participation in the development and adoption of managerial decisions in an appropriate form.

Keywords:

stakeholder, employee participation, corporate governance, comparative law, Chinese law

Downloads

Download data is not yet available.
 

References

Библиография

Бахшиян, Денис В., Ольга Ю. Зевеке. 2017. «Человеческий капитал — основной ресурс эффективного предприятия, как резонанс на вызовы современного мира». Экономика и менеджмент инновационных технологий 3. Дата обращения 4 ноября, 2020. http://ekonomika.snauka.ru/2017/03/14317.

Макарова, Ольга А., Владимир Ф. Попондопуло. 2020. Корпоративное право. М.: Юрайт.

Молотников, Александр Е. 2010. «Участие трудовых коллективов в корпоративном управлении: российский и иностранный опыт». Предпринимательское право 2: 2–9.

Ян, Тяньфан. 2020. «Правовое регулирование образования и деятельности органов хозяйственных обществ в России и Китае: сравнительное исследование в ракурсе моделей корпоративного управления». Законодательство 6: 16–26.

邓峰. 2009. 普通公司法. 北京:中国人民大学出版社 [Дэн, Фэн. 2009. Общее корпоративное право. Пекин: Университет Жэньминь].

Gordon, Jeffery N., Mark J. Roe, 著, 赵玲、刘凯译. 2006. 公司治理:趋同与存续. 北京:北京大学出版社[Гордон, Джеффри Н., Марк Дж. Роу, Лин Чао, пер., Kай Лю, пер. 2006. Конвергенция и настойчивость в корпоративном управлении. Пекин: Издательский дом Пекинского университета].

郭占红. 2009. 职工参与公司治理法律制度研究. 北京:中国社会科学出版社 [Го, Чжаньхун. 2009. Механизм участия работников в корпоративном управлении: правовое исследование. Пекин: Китайские социальные науки].

侯富强. 2014. 职工参与公司机关制度的发展与不足. 经济特区2: 103–106 [Хоу, Фуцзян. 2014. «Механизм участия работников в корпоративном управлении: развитие и недостатки». Специальная экономическая зона 2: 103–106].

刘连煜. 2002. 公司治理与公司社会责任. 北京:中国政法大学出版社 [Лю, Ляньюй. 2002. Корпоративное управление и социальная ответственность корпораций. Пекин: Китайский университет политики и права].

施天涛. 2018. 公司法论. 北京:法律出版社 [Ши, Тяньтао. 2018. Корпоративное право. Пекин: Право].

田涛. 2017. 公司治理中的职工参与. 法治与社会 7: 200–202 [Тянь, Тао. 2017. «Участие работников в корпоративном управлении». Право и общество 7: 200–202].

张舫. 2004. 职工参与公司控制质疑. 现代法学2: 138–143 [Чжан, Фан. 2004. «Вопросы об участии работников в управлении компанией». Современная юриспруденция 2: 138–143].

References

Bakhshiyan, Denis. V., Olga Iu. Zeveke. 2017. “Human capital is the main resource of an efficient enterprise, as a response to the challenges of the modern world”. Ekonomika i menedzhment innovatsionnykh tekhnologii 3. Accessed November 4, 2020. http://ekonomika.snauka.ru/2017/03/14317. (In Russian)

Dèng, Fēng. 2002. General corporate law. Beijing, Rénmín dàxué chūbǎn shè Publ. (In Chinese)

Gordon, Jeffery N., Mark J. Roe, Líng Zhào, transl., Kǎi Liú, transl. 2006. Convergence and persistence in corporate governance. Beijing: Běijīng dàxué chūbǎnshè Publ. (In Chinese)

Guō, Zhànhóng. 2009. The mechanism of employee participation in corporate governance: A legal study. Beijing, Zhōngguó shèhuì kēxué chūbǎn shè Publ. (In Chinese)

Hóu Fùqiáng. 2014. “The mechanism of employee participation in corporate governance: Development and disadvantages”. Jīngjì tèqū 2: 103–106. (In Chinese)

Liú, Liányù. 2002. Corporate governance and corporate social responsibility. Beijing, Zhōngguó zhèngfǎ dàxué chūbǎn shè Publ. (In Chinese)

Makarova, Olga A., Vladimir F. Popondopulo. 2020. Corporate law. Moscow, Iurait Publ. (In Russian)

Molotnikov, Aleksandr E. 2010. “Participation of labor collectives in corporate management: Russian and foreign experience”. Predprinimatel’skoe pravo 2: 2–9. (In Russian)

Shī, Tiāntāo. 2018. Corporate law. Beijing, Fǎlǜ chūbǎn shè Publ. (In Chinese)

Tián, Tāo. 2017. “Employee participation in corporate governance”. Fǎ zhì yǔ shè huì 7: 200–202.(In Chinese)

Yáng, Tiānfàng. 2020. “Legal regulation of the formation and activities of the organs of corporations in Russia and China: A comparative study in terms of corporate governance models”. Zakonodatel’stvo 6: 16–26. (In Russian)

Zhāng, Fǎng. 2004. “Questions about employee participation in company management”. Xiàn dài fǎ xué 2: 138–143. (In Chinese)

Published

2021-10-08

How to Cite

Yang, T. (2021). Employee participation in corporate governance of Chinese companies: A comparative aspect. Vestnik of Saint Petersburg University. Law, 12(3), 752–770. https://doi.org/10.21638/spbu14.2021.316

Issue

Section

Comparative Law