Embezzlement of Principal Shareholders Based on a Case Study of Xiancheng Mining Company

DOI

10.2991/icesem-17.2017.145How to use a DOI?

Keywords

principal shareholder; corporate governance; operational tunneling

Abstract

The consequences and possible reasons for embezzlement of principal shareholders based on Xiancheng mining group were analyzed. According to data from Xiancheng mining group, existing problems of external governance and internal governance causing embezzlement of principal shareholders were pointed out. The study indicates that corporate governance could help to significantly improve internal and external governance structures and reduce tunneling. Principal shareholders should be committed to make better development of the company and improve the company's competitiveness to obtain better prospects. Furthermore, economic reforms like the attempts to improve corporate governance and to limit the influence of the state in publicly listed companies are recommended.

Copyright

© 2017, 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  - Ran Liu
AU  - Jihui Sun
AU  - Lantian Jiang
PY  - 2017/10
DA  - 2017/10
TI  - Embezzlement of Principal Shareholders Based on a Case Study of Xiancheng Mining Company
BT  - Proceedings of the 2017 International Conference on Education Science and Economic Management (ICESEM 2017)
PB  - Atlantis Press
SP  - 638
EP  - 641
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-17.2017.145
DO  - 10.2991/icesem-17.2017.145
ID  - Liu2017/10
ER  -