Study Times published an article about a success story – the expansion of the Chinese Communist Party in Foton, a publicly traded company listed on the Shanghai Stock Exchange with the majority of stock owned by the State. Of close to 40,000 employees, 5,125 are registered Communist Party members with 155 Party branches. Foton has institutionalized the Party’s participation in corporate management through internal regulations which set forth the procedures for the Party’s participation in decision making. The Party is in charge of 4 critical areas: business, strategy, managers, and personnel.
Source: Study Times, July 11, 2011