Enforcement of Food Standards in China

Impact of the State-Led Stakeholder Model of Corporate Governance

Research output: A Conference proceeding or a Chapter in BookChapter

Abstract

China’s corporate law reforms since 2005 have given rise to a new model of corporate governance—namely, the state-led stakeholder model. Using the 2018 tainted milk scandal as a case study, this chapter examines the impact of this governance model on the enforcement of food safety standards in China. It argues that while the utility of this model in facilitating economic development and maintaining social stability is evident, it is likely to contribute to the lack of substantive improvement in the enforcement of food standards. Thus, examining the power and autocracy of the Chinese state, evident in its utilitarian approach to resolving competing objectives in the milk scandal, suggests some important limitations in the state-led stakeholder model of corporate governance, and flaws in the wider regulatory framework in China. Continuing to address these limitations will be most important to maintaining China’s credibility internationally as a global food supplier.
Original languageEnglish
Title of host publicationResource Security and Governance
Subtitle of host publicationGlobalisation and China's Natural Resources Companies
EditorsXinting Jia, Roman Tomasic
Place of PublicationNew York, USA
PublisherTaylor & Francis
Chapter7
Pages143-164
Number of pages22
ISBN (Electronic)9781315563930
ISBN (Print)9781138680555
DOIs
Publication statusPublished - 2018

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Fu, J., & NICOLL, G. (2018). Enforcement of Food Standards in China: Impact of the State-Led Stakeholder Model of Corporate Governance. In X. Jia, & R. Tomasic (Eds.), Resource Security and Governance: Globalisation and China's Natural Resources Companies (pp. 143-164). New York, USA: Taylor & Francis. https://doi.org/10.4324/9781315563930