New outsider-dominated boards of state of China Baosteel Group must decide whether to change the structure of the group. With the end to the acquisition, the Group will manage the four listed steel-producing subsidiaries, and board members are concerned the competition between the child and the public shareholders of subsidiaries. Selected by the Chinese government as the first company to participate in a pilot project on corporate governance in state-owned enterprises, Baosteel and its board are under active consideration by Chinese and foreign investors in listed subsidiaries and the political leadership and the media. The case provides background on Baosteel, SOE reforms in China, the Chinese government's pilot project on corporate governance and the functioning of the newly established board of directors of Baosteel. "Hide
by Lynn Sharp Paine, GA Donovan Source: Harvard Business School 29 pages. Publication Date: March 12, 2009. Prod. #: 309098-PDF-ENG
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