Report: Bank of China Calls for Corporate Governance Reform

A report by Richard Kilner at Banking Times says that The Bank of China is calling for corporate governance reforms in the Chinese banking sector:

Although the rising superpower’s financial sector did not show the defects of the West, nor suffer the same degree of loss, in the recent financial crisis, the Bank of China has called for reformation.

Chinese banks have essentially copied the Western model of corporate governance, but in the wake of the financial crisis, where big name institutions that were formerly considered beacons of excellence imploded, there are now calls for a change.

Follow the link to Banking Times to learn more about the The Bank of China’s calls for corporate governance reform.