Research on the Non-compete Obligation of Directors in China’s Company Law
Available Online August 2016.
- https://doi.org/10.2991/icassr-15.2016.104How to use a DOI?
- Director; Non-compete; Legislative defects; Suggestions for improvement
- Non-compete is an important obligation of directors, and also is an important manifestation of directors’ loyalty obligations. Directors are generally involved in the company’s management, so they are familiar with company’s trade secrets, major business decisions, investment and other insider information. If the law allow the directors doing business in the range of company’s trading profit for themselves or a third party, the directors may use company secrets or business relationship for their own personal gain, and then damage the interests of the company and shareholders. China’s current Company Law has set forth non-compete obligation of directors, but some provisions are abstract. This paper attempts to analyze our directors’ non-compete obligations in order to point out legislative defects, and put forward suggestions for improvement.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Su Wang PY - 2016/08 DA - 2016/08 TI - Research on the Non-compete Obligation of Directors in China’s Company Law BT - 3d International Conference on Applied Social Science Research (ICASSR 2015) PB - Atlantis Press SP - 381 EP - 383 SN - 1951-6851 UR - https://doi.org/10.2991/icassr-15.2016.104 DO - https://doi.org/10.2991/icassr-15.2016.104 ID - Wang2016/08 ER -