China resources firms should improve governance
The country's corporate governance culture is starting to make advances that will ultimately benefit investors, but it will be a long haul, according to new research.
As China's resources companies expand overseas, corporate governance will become a more pressing consideration, according to research presented in a new book*.
The country's resources companies should be making more effort to increase the level of independence of their boards of directors, which are currently staffed mainly by government-appointed or government-linked individuals, says Jia Xinting, responsible investment specialist at Mercer in Melbourne and co-author of the book.
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