The Establishment of Audit Committees in China and Taiwan. A Comparative Study

      Аннотация: As the title suggests, this book focuses on the issues arising from the voluntary establishment of audit committees (ACs) in listed companies in China and Taiwan, which hitherto have been adopted by listed companies on a voluntary basis alongside the pre-existing structure of supervisory boards (SBs) in China and supervisors (Ss) in Taiwan, rather than due to a mandatory requirement. With a view to compare and understand this unique practice in China and Taiwan, this book attempts to address the following three research objectives: 1.To understand the effectiveness of supervisory boards (SBs)/supervisors(Ss) and audit committees (ACs) in China and Taiwan 2.To understand how the operations of SBs and ACs improve the effectiveness of supervisory governance. 3.To understand the co-ordination between SBs and ACs in organisations. Based on the three objectives’ research results across the Taiwan strait, China and Taiwan, demand to establish an independent control system to strengthen oversight functions, to reduce oversight costs, and to ensure the independence of the supervisors and audit committee members and to empower them by promoting their status in the organisation.

Ключевые слова: audit committee, Supervisory Board, Supervisors, Corporate Governance