This Case is about GOVERNMENT, TRANSPARENCY
PUBLICATION DATE: December 10, 2007 PRODUCT #: 309C03-PDF-CHI
With its double listings on the Hong Kong stock market and New York Stock Exchange, state-owned enterprise, China Netcom was mandated to fulfill with the listing requirements of these exchanges. From this first measure, Zhang Chunjiang, China Netcom’s Chairman, started a program that sought to further develop the firm’s corporate governance practices to fulfill with international corporate governance standards.
The firm expected that its dedication in developing a worldwide-accepted government structure would help the capital markets and prospective investors understand the business was a true, modern corporation, despite the state as a majority owner.