The oil and gas industry in China Case Study Example | Topics and Well Written Essays - 500 words

The cover and gas diligence in China - Case Study ExampleChinas salute may have been averted. China government should have executed efficient corporate governance and guarantee that the anoint and gas industry recognized it as a strategy for the governments office to improve the legal, institutional and regular framework. Consequently, the corporations would ensure their operational performance and attract international capital in order to stabilize the domestic industry. This would have enabled the industry to keep up with the increased domestic look at and continue exporting of oil and gas. The Chinese government should have implemented the privatization of the oil and gas industry in order to encourage healthy competition. This would result in superior mining production of oil and gas enough for domestic use and export. From this case, we learn the pertinence of an efficient corporate governance nonplus for companies in business. We also learn that a companys success in bo th local anaesthetic and international business operations is largely attributed to international standards of corporate governance. We learn that businesses should be free of semipolitical interference to ensure success. Therefore, the separation of ownership and control of the main players of the oil and gas industry ensures companies are run with minimal influence from local party committees.As a business professional in 2012, it is resilient to read this because the case study demonstrates to me a practical scenario of the effects on both the internal and impertinent environments to a business.