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July 2007

Listed Chinese companies are taking on independent directors to boost corporate governance

In corporate China, a small dose of star quality can go a long way. When the big state-owned banks were preparing stock market listings, not only did they bring in high-profile foreign investors as a source of expertise and credibility, they also stuffed their boards with top talent from overseas.

John Thornton, former Goldman Sachs president, is an independent director for Industrial and Commercial Bank of China along with former Hong Kong Financial Secretary Anthony Leung. Bank ...

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