China YTC International has established an audit committee within its board of directors, appointed three new independent directors, and more openly speaks of serving investor's needs. This example illustrates that corporate governance in China may be tilting towards the Western model.

Question

Quizplus · Accepted Answer

The establishment of an audit committee and appointment of independent directors, as well as an increased focus on serving investor's needs, are characteristics typically associated with the Western model of corporate governance. Therefore, this example suggests that corporate governance in China may be moving towards the Western approach.

China YTC International Has Established an Audit Committee Within Its