From www.aicd.com.au: Heidi Dugan, an expert on the Chinese market and chair of AustCham Shanghai, discusses the unique opportunities and challenges of company governance in China, highlighting the importance of understanding local regulations and business practices.
She notes that decision-making is often faster in China compared to Australia, requiring directors to adapt quickly and be well-versed in regulatory changes affecting foreign businesses.
Dugan encourages foreign enterprises to engage with the Chinese market strategically, highlighting that success requires not just ambition but also a robust business plan and local support.