Sinopec Corporation of China - Setting Standards in Corporate Governance


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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:

Case Code : CGOV003 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

Themes

Coporate Governance

Case Length : 20 Pages
Period : 2002 - 2003
Pub Date : 2005
Teaching Note : Not Available
Organization : Sinopec Corporation
Industry : Petroleum & Chemical
Countries : China

Abstract:

This case discusses the corporate governance practices of Sinopec Corporation, the largest petrochemical company in China. Sinopec had won several global awards and recognition for its sound corporate governance practices.

The case describes in detail Sinopec's corporate structure that centralized decision-making and delegated authority to various management levels. It also explains how the structure promoted corporate fairness, transparency, and accountability. The case also examines other issues in corporate governance including executive compensation plans, shareholders' general meeting and board meeting, and describes their powers, functions and responsibilities.

The case also describes the roles and responsibilities of the chairman of the board of directors, the chairman of the supervisory committee, and the independent directors.

Issues:

» Examine the best corporate governance practices followed by leading companies like Sinopec

Contents:

  Page No.
Winning Laurels in Corporate Governance 1
Sinopec's Corporate Management Structure 2
The Supervisory Committee (SC) 3
Board of Directors 4
Board Committees 5
Shareholders' General Meeting 6
Board and SC Meetings 7
Secretary of the BoDSecretary_of_the_BoD 8
Sinopec's Executive Compensation Plan (ECP) 9
The Future Plans 10
Exhibits 12

Keywords:

corporate governance, Sinopec Corporation, petrochemical, China, Sinopec, global awards, recognition, corporate structure, centralized, decision-making, delegated authority, various management levels, promoted corporate fairness, transparency, accountability, executive compensation plans, shareholders' general meeting, board meeting, powers, functions, responsibilities, roles, responsibilities, chairman, board of directors, supervisory committee, independent directors

Winning Laurels in Corporate Governance  - Next Page>>


 

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