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In the Hutong: Beijing, straining the air through my teeth.
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Published On: Mar 16, 2007 11:12 AM
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Published On: Mar 16, 2007 11:12 AM
Corporate Governance, Chinese Style
In the Hutong, sitting on a stool, waving
a paper fan, jeans rolled up.
The folks over at China Aviation Oil, the company
nearly every China-bound airline loves to hate because of the high monopoly
we-hate-foreigners prices CAO charges international airlines for fuel, are
apparently getting a bit of comeuppance. Cris
Prystay over at the AWSJ in Singapore notes that no less a personage
than Jia Changbin, CAO Holdings' Beijing-based CEO, has been arrested, charged
with three criminal offenses and had his passport confiscated by Singaporean
authorities. He's out on S$250k bail, but he's not going anywhere
soon.
I think it's great that China is getting serious about improving corporate governance. I just think it's a damned shame they've had to outsource enforcement to Singapore.
I think it's great that China is getting serious about improving corporate governance. I just think it's a damned shame they've had to outsource enforcement to Singapore.
Posted: Sun - June 12, 2005 at 02:19 PM