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Employees’ Participation in Corporate Governance under the Revised Chinese Company Law
(www.taylorwessing.com)
This is quite the change. I'm excited to see how it plays out. The one thing that bothers me is that the recommendations of the employee councils are not binding, but it's far better than not having it at all. Hopefully in practice any company that goes against employee desires will be penalized in some tangible way.
The way I see it is that at least 4% of the workforce will have a say in how the companies are run, and those 4% will be elected by the other 95%. Good law, will probably be popular.