Confucius on Corporate Governance - QuantStrat孔子对公司治理quantstrat.ppt

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2018-04-17 发布于江西
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Confucius on Corporate Governance - QuantStrat孔子对公司治理quantstrat.ppt

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Confucius onCorporate Governance Frank Ashe frank.ashe@.au May 2007 Confucius 551-479 BC End of Springs and Autumns period, beginning of Warring States Replacement of nobility by king’s appointments Analects – Lun Yu Collected by students by about 400BC Discontinuous collection of brief statements, short dialogues and anecdotes Attacked, censored, reinterpreted, but still going strong Analects Censored by late Imperial dynasties Focus on submission to authority Confucius (Kong zi) teaches: Social justice Political dissent Moral obligation to criticise abuse of power A Fractal Society Same pattern of relationships at all levels: Turn up magnification from imperium to family Same pattern of relationship at all levels Companies fit into this spectrum Translation Very small sample of highlights Translate the gist into the company realm Keep the spirit, not the letter Confucian gentleman (jingxi)= senior manager/director Paragraph references given Isn’t it a joy to acquire knowledge and put it to good use The CEO To run a company a CEO mustdispatch business with dignity and good faith,be thrifty and respect all people,and allocate work fairly In running a company the CEO should influence the staff with virtue, and they will engage with the company If you run the company using harsh punishments for breaches of rules and regulations, the staff will follow the letter of the law for fear of punishment. If the senior management team inspires the staff by transparently correct behaviour then people will want to behave well. How do you get respect of the employees? Promote the honest managers. A CEO is fortunate if whenever he makes a mistake, there is somebody to notice it and tell him. A CEO is principled, not rigid IndependentDirectors A good chairman seeks harmony but not conformity A bad chairman seeks conformity, but not harmony Not to act when justice demands, that is cowardice. Guide the executive Forgive small mistakes Promote the talented Is the CEO hap