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"Hundreds of Chinese companies have revised their corporate charters to allow a deeper management role for the Communist Party, a sign the ruling party is tight
by helloindia 8y ago
"Hundreds of Chinese companies have revised their corporate charters to allow a deeper management role for the Communist Party, a sign the ruling party is tightening its control over the private sector."
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"Changes include acknowledging a central role for the party and establishing internal party committees to be consulted on important decisions. Some stipulate that corporate chiefs also serve as the heads of in-house party organs. Despite the Communist Party's dominance over the Chinese state, it is unusual for publicly listed businesses to explicitly give the party a role in decision-making, much less write it into their charters."
https://asia.nikkei.com/Politics/More-companies-are-writing-China-s-Communist-Party-into-their-charters https://asia.nikkei.com/Politics/More-companies-are-writing-...