Timeline for How does having minority stakes and board seats give the Chinese government effective control over companies?
Current License: CC BY-SA 4.0
6 events
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| Mar 3, 2023 at 13:20 | vote | accept | Sayaman | ||
| Feb 26, 2023 at 2:45 | comment | added | ShadowRanger | It's also a lot harder to hide corporate actions of any kind from the gov't if they've got board representation. A lot of stuff that's corporate trade secrets won't be shown to anyone outside the company, but it's available on request to any board member. Even without any special control legally, knowing the gov't knows what it does, and has the power to invent reasons to shut down your company (or, what with the level of Chinese gov't control, not bother inventing reasons) if you anger them, you're likely to listen to those board members pretty closely. | |
| Feb 25, 2023 at 16:13 | comment | added | sfxedit | Also, once you are on the board, you can watch how the other board member think and influence them (through state power if necessary). For example, according to an indian opposition leader, indian Prime Minister Narendra Modi used investigating agencies to blackmail a businessman to hand over the Mumbai airport to his favoured corporate buddy, Adani. | |
| Feb 25, 2023 at 15:57 | comment | added | got trolled too much this week | FWTW, there a bit more about Tiexue (in English) here sixthtone.com/news/1009288/… albeit a post-mortem of sorts. | |
| Feb 25, 2023 at 15:50 | history | edited | got trolled too much this week | CC BY-SA 4.0 |
added 696 characters in body
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| Feb 25, 2023 at 15:37 | history | answered | got trolled too much this week | CC BY-SA 4.0 |