Reform of State-Owned Enterprise Requires Adopting Modern Governance
A Viewpoint by Hu Shuli
on September 30, 2013
Corruption involving the country’s state-owned enterprises (SOEs) has hogged the headlines. So far, senior executives at China National Petroleum Corp. have been sacked, former railways officials have been hauled to court and, most recently, news broke that two executives at COSCO are also being investigated.
There has been no shortage of ideas on how to reform the sector. At present, the key lies in adopting a system of modern corporate governance, both in form and in matter.
