1) The CCP has to have a representative on the board. The ccp say it's like a union rep(!) since they are communists. But they don't have a veto, just a vote like other board members.
2) This condition is only for companies over a certain size.
3) This also applies to large foreign companies not just domestic.
That may not be the case for much longer:
"According to the new provisions, private firms will need a certain amount of CCP registered employees, which is already a long-term practise in large private firms but not smaller ones."
https://www.asiatimesfinancial.com/ccp-announces-plan-to-tak...
1. The CCP has advanced access to the company’s plans.
2. The representative can always say something like, “this would meet with disapproval by the party”.
It’s not a formal veto, but it is an implied threat.
In the US at least, the claim that “all Chinese companies are controlled government” is thrown around way too often without evidence backing it up. People seem to accept it as common sense that doesn’t need fact-checks anymore. I’m not saying you are one of them; I just wish we all verify non-obvious claims for our own benefits
These are obvious consequences of being required to have a CCP board member.
The government having a board member is by definition a form of government control.
These are not ‘non-obvious’ claims and as such they don’t need citations.
If you want to argue that somehow these conclusions aren’t reasonable, by all means do so. But no citation is needed.
Board members have access to the CEO and other managers, therefore the CCP board member can obviously make statements to management about what the CCP does and does not approve of.
No citation is needed to know that these are the consequences of having a CCP board member.