Title :
Independent Director System and Risk Management Mechanism of State-Owned Conglomerates: Evidence from China Petrochemical Corporation Scandal
Author_Institution :
Accounting Econ. & Manage. Sch., Wuhan Univ., Wuhan, China
Abstract :
The serial scandals of Chinese conglomerates in 2009 say that the risk management mechanism is very weak and is urgent to build a set of reasonable risk control system. This article mainly suggests a new framework to improve the risk management mechanism of state -owned conglomerates from the independent director system perspectiv.
Keywords :
organisational aspects; risk management; China Petrochemical Corporation scandal; independent director system; risk control system; risk management mechanism; state-owned conglomerates; Board of Directors; Companies; Guidelines; Monitoring; Risk management; System-on-a-chip;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576756
