Corporate Governance in State-Controlled Enterprises

Abstract

This paper is an international comparison of corporate governance in state controlled enterprises, focusing on corporate governance in Telstra in Australia and China Telecom in China. By comparing and contrasting corporate governance in these two companies, this article explored corporate governance practices and mechanisms in partially listed state controlled enterprises under dramatically different socio-economic environments manifested in China and Australia. This article also explored the role of the Australian government and the role of the Chinese government in Telstra and China Telecom respectively and shed some lights on the underlying forces that have, up to date, shaped the governance of partially listed state controlled enterprises in China and Australia..