 Exercising the Strategic Role of the Board and ManagementYanni Yan Chapter 8 in Foreign Investment and Corporate Governance in China, 2005, pp 163-184 from Palgrave Macmillan Abstract: Abstract This chapter describes how a firm’s equity investment in an international strategic alliance may allow privileges such as veto rights and how it enables management influence through representation on the board of directors. A wide range of control strategies are available to an international strategic alliance including the board of directors, an array of contractual agreements concerning the firm’s non-capital investments, the appointment of key managerial personnel and formalized reporting relationships. Foreign firms’ investments may adopt a particular governance strategy in China, such as concentrated ownership in a strategic alliance that enables them to leverage their superior technologies or managerial expertise as well as to protect their proprietary assets. State ownership in a strategic alliance is frequently used as a means to achieve public-policy objectives. The actual equity share of the partner firms may serve as an adequate indicator of the extent of its influence on a strategic alliance’s management and the level of a partner firm’s management involvement. Keywords: Corporate Governance; Host Country; Board Member; Foreign Firm; Strategic Alliance (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51485-0_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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