The Evolution of the Communist Party and Corporate Governance

The paper we're going to discuss today is situated in this field of inquiry that's trying to understand how the Communist Party has been evolving over time. Can you give the listeners a 35,000-foot view of what has been the relationship between the Communist Party and corporate governance within SOEs or firms more broadly? And how that has evolved over time? Well, the government became an important concept in Chinese enterprise management in the 90s. The result is a corporate governance system that on surface is similar to the Western model. But in reality it's quite different.