This law affects all companies in the country, regardless of size. It will be effective in July 1st 2024, and there are 3 key points are:
- There is a new organ present in each company called the Employee Assembly. This organ is for employees to exercise their power of democratic governance of the company. There are two types, one is an assembly for all employees or an assembly for employee representatives. In general, companies with more than 100 employees will have an assembly for employee representatives, while less than 100 will have an assembly for all employees. The number of employee representatives must not be less than 5% of the total number of employees and also not be less than 30, while the number of managers and executives must not be greater than 20% the number of representatives. The trade union acts as the executive organ of the Employee Assembly.
- The Employee Assembly has access to basically all the information a company stores, which can be used to affect the worker benefits of employees. It also seeks to make sure the company is always following the labor laws present at the local and national level. When a company considers dissolution or applying for bankruptcy, it is required to listen to the opinions of its trade union and employees through the Employee Assembly or by other forms.
- All companies with at least 300 employees must have employee representatives at the board of directors, unless it already has a board of supervisors with employee supervisors elected by the Employee Assembly in it.
"China is a Red Fash state-capitalist empire!!!"
"Now that the productive forces have been sufficiently developed it's time to increase proletarian control of the economy."Deng was right. anyone who calls him revisionist is an ultra (derogatory)
I was one of those up until a couple of years ago. I'm over joyed to be incorrect and day by day am more embarrassed of my past views.
Turning a dial labeled "socialism" while looking back at the audience for approval like a contestant on the Price is Right
turning a big red dial that says "Socialism" on it and constantly looking back at the audience for approval like a contestant on the price is right
China will probably very authoritarianly only allow the unions to do things that advance working class interests. Of course, the CCP will be the arbiter of what's good for the working class and completely shut out the CIA. What a farce.
not many people know this, but CIA stands for Co-operative Improvement Association
Indeed. I saw Lech Walesa speak once. He was a guest at my college. I didn't think the CIA was supposed to do psyops in the US.
That being said, I wouldn't mind being back in an AFL CIA affiliated union shop.
Q&A at the end? "Excuse me, what is your opinion of labour internationalism, and the idea that an auto mechanic in the US and an auto-mechanic in Morocco have similar interests?"
Campus leftists weren't invited to the meet and greet lunch.
Must be nice being in a country that actually give a fuck about labourers and workers unlike the shit hole country in the west that I'm in.
looks back at US banning a social media site, increasing state surveillance, and trying to intimidate and outlaw dissent levied against an apartheid state committing genocide
I actually read a bit of the update on xinhua in Chinese. This amendment to the 公司法 also seems to include increased financial and legal responsibilities on upper management like ceos and shareholders. For example they're now even more liable in instances of fraud or mismanagement. Overall some pretty good changes that probably come off the back of the issues we saw with many of the big construction companies and so on.
Edit: https://www.zhonglun.com/research/articles/52526.html Here's a chinese language article I found that seems to summarize alot of the main changes. Translation software seems to do pretty well as well if you're curious about all the amendments that were made
For example they're now even more liable in instances of fraud or mismanagement.
MFW managers are so unnecessary, so much of a drain on society they need the threat of the law to actually attempt to do their job somewhat decently.
baizuo get owned
seriously tho, this is an amazing step and is super inspiring. im really optimistic abt China considering this, the crusades against corruption, and increased role in international affairs. i can’t wait for China’s growing role as a great power as US hegemony deteriorates
Upcoming Bloomberg and WSJ: “The Shocking Marxist Leninist Takeover of Businesses in China Should Concern US Lawmakers”
Anti-communist left: CHINA ISN'T COMMUNIST!!!
Also Anti-communist left: CHINA IS TOO COMMUNIST!!!
In gommunist china, honest businessmen get their life's work stolen by authoritarian unions backed by the fascist regime, anyone who disagrees with the union is shot in the head and then forced to carry rocks
WORKER SELF-DIRECTED CO-OPS