Fiddle

In: Other Topics

Submitted By amrlrosli
Words 1275
Pages 6
Scene 1 – end of the song…
DJ1: Biz.fm bringing you the latest hitz song of today, im Hafiz… and im Azim on the evening tea time show. Waddup waddup waddup yo that was the song by Carly Rae Jepson, Call me maybe. One of my girlfriend favourite song. Ok hafiz lets get back to our topic for today, the case of fiddle or not to fiddle.
DJ2: Yes Azim, but before that we have a very special gift for you to grab, we have 4 pair of tickets to One Republic concert happening on this 23 October, 2 more days to go people, so hurry up and call now at 03-623 3322.
DJ2: Lets have our first caller for today, hello whose on the line?
C1: Hello its Ali!
DJ1: Yea Ali may I know where are you from?
C1: Im from Rembau.
DJ2: Okay… Ali!! are you ready to win the ticket!?
C1: Yeah!
DJ1: Alright first I want to ask you what do you understand about corporate governance
C1: Well I don’t expect this kind of questions being asked on a radio station, but I think I do know a little bit about corporate governance. It is a system by which a company are directed and controlled. The governance specifies the responsibilities among different participants in the corporation such as BOD, managers, shareholders and other stakeholders. It also specifies the rules and procedure for making decisions in corporate affairs.
DJ2: Alright, I see you know your facts very well Ali. So let’s not waste time, here’s the question, in the fiddle or not to fiddle case, the foreign investor contribute capital and operational expense & thus control 51% of the company’s ownership while the local partner took up 49% of the shareholding. So do you think in terms of CG, it is allowed for the foreign partner to have more controlling power than the local partner?
C1: Well based on the Chinese law, the foreign participant is expected to contribute 25% or more of the venture's registered capital. The PRC does not…...

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