The innovative outsider-dominated board of directors of China's state-owned Baosteel Group should determine whether to change the structure of the Group. With the completion of a pending acquisition, the Group will control four publicly listed steel-making subsidiaries, and board members are concerned about rivalry among the subsidiary companies and about the subsidiary public shareholders.
Selected by the Chinese administration as the first business to take part in a pilot project on corporate governance in state-owned enterprises, Baosteel and its board are under extreme examination by Chinese and foreign investors in the listed subsidiaries as well as by China's political leadership and the media. The case provides background on Baosteel, China's SOE reform, the Chinese government's pilot project on corporate governance, and the functioning of Baosteel's newly constituted board of directors.
PUBLICATION DATE: March 12, 2009 PRODUCT #: 309098-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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