Inside China's Boardrooms

Although most are still majority-owned by the government, many mainland companies have gone public recently and corporate governance is a hot topic

A study by Institutional Shareholder Services of more than 300 global institutional investors found corporate governance was considered more important in China—and likely to increase in importance over the next three years—than in any other country studied. Wayne Chen, managing director for the Greater China region at Hay Group, shared his insights on corporate governance in China (BusinessWeek.com, 3/6/08) gained from his work with many of the largest companies in China over the past eight years. Edited excerpts of our conversation follow:

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