Employees’ Participation in Corporate Governance under the Revised Chinese Company Law
www.taylorwessing.com

This law affects all companies in the country, regardless of size. It will be effective in July 1st 2024, and there are 3 key points are:

  1. There is a new organ present in each company called the Employee Assembly. This organ is for employees to exercise their power of democratic governance of the company. There are two types, one is an assembly for all employees or an assembly for employee representatives. In general, companies with more than 100 employees will have an assembly for employee representatives, while less than 100 will have an assembly for all employees. The number of employee representatives must not be less than 5% of the total number of employees and also not be less than 30, while the number of managers and executives must not be greater than 20% the number of representatives. The trade union acts as the executive organ of the Employee Assembly.
  2. The Employee Assembly has access to basically all the information a company stores, which can be used to affect the worker benefits of employees. It also seeks to make sure the company is always following the labor laws present at the local and national level. When a company considers dissolution or applying for bankruptcy, it is required to listen to the opinions of its trade union and employees through the Employee Assembly or by other forms.
  3. All companies with at least 300 employees must have employee representatives at the board of directors, unless it already has a board of supervisors with employee supervisors elected by the Employee Assembly in it.
  • RedClouds@lemmygrad.ml
    40·
    7 months ago

    Lets fffffffuuckinnnnn GOOOOOOOOOOO

    If the motherfucking liberals could get past their goddamn sinophobia, I think this set of laws would be exceptionally well received in the USA (Yes, yes. I know the alt-right and the Conservatives, and even the Democrats would have all kinds of problems with this. I’m just saying that if the Liberals weren’t so dumb… They want workers rights, don’t they?).

    Edit: further clarity, I’m thinking this is the kind of thing that if you explained it as an idea, most progressives would say “yeah, that sounds great, but it will never happen…” kind of thing. Motherfuckers, this is what happens when the progressives are actually in charge! Even if the changes are slow to come, big moves like this are possible in one swoop! Furthermore, I still keep the word “critical” in “critical support of China” in mind. But “support” is winning today comrades!