The 2006 CSRC Guidelines for Articles of Association of Chinese Listed Companies: Critiquing from an Australian Perspective

Abstract

Compares the Chinese Securities and Regulatory Commission's guidelines for articles of association of listed companies issued in 2006 with the "replaceable" rules in the Australian Corporations Act 2001. Discusses the provisions of the Chinese guidelines and the Australian rules on corporate constitution, interpretation, a company's representative, object clauses, shareholders' powers and meetings, and directors. Questions whether the Chinese guidelines facilitate effective corporate governance.