With a legal basis in both Chinese company law and the constitution of the Communist Party of China, the role played by party organisations, or POs, remains murky to many foreign investors
Still others don't even know that they exist
That is the upshot of a report published on Tuesday by the Asian Corporate Governance Association (ACGA), which showed fewer than 3% of 152 foreign investors surveyed felt POs had a clear and accountable role in listed companies
Perhaps more worryingly, more than a fifth didn't even know that they existed
Sitting above the Board of Directors, these POs are embedded into Chinese management structures and officially represent the party co-founded by Mao Zedong that has...