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.

Advertisements

About David Wolf

An adviser to corporations and organizations on strategy, communications, and public affairs, David Wolf has been working and living in Beijing since 1995, and now divides his time between China and California. He also serves as a policy and industry analyst focused on innovative and creative industries, a futurist, and an amateur historian.
This entry was posted in Aerospace Hutong, China Rules. Bookmark the permalink.