Research on the Non-compete Obligation of Directors in China’s Company Law

DOI

10.2991/icassr-15.2016.104How to use a DOI?

Keywords

Director; Non-compete; Legislative defects; Suggestions for improvement

Abstract

Non-compete is an important obligation of directors, and also is an important manifestation of directors’ loyalty obligations. Directors are generally involved in the company’s management, so they are familiar with company’s trade secrets, major business decisions, investment and other insider information. If the law allow the directors doing business in the range of company’s trading profit for themselves or a third party, the directors may use company secrets or business relationship for their own personal gain, and then damage the interests of the company and shareholders. China’s current Company Law has set forth non-compete obligation of directors, but some provisions are abstract. This paper attempts to analyze our directors’ non-compete obligations in order to point out legislative defects, and put forward suggestions for improvement.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Su Wang
PY  - 2016/08
DA  - 2016/08
TI  - Research on the Non-compete Obligation of Directors in China’s Company Law
BT  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 381
EP  - 383
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.104
DO  - 10.2991/icassr-15.2016.104
ID  - Wang2016/08
ER  -