Thursday, May 14, 2015

WHEN YOUR CHAUFFEUR IS YOUR BROTHER-IN-LAW: NEPOTISM IN CHINESE COMPANIES

WHEN YOUR CHAUFFEUR IS YOUR BROTHER-IN-LAW:NEPOTISM IN CHINESE COMPANIES


WHEN YOUR CHAUFFEUR IS YOUR BROTHER-IN-LAW: NEPOTISM IN CHINESE COMPANIES.
Many Exchanges make it a legal requirement for listed companies to provide details of employees who are related to top management.. Many Chinese-owned companies employ relatives in their business. See attached. Having in-laws in the company seems to be especially prevalent. This company employs the boss' 3 brother-in-laws (BIL) and 1 sister-in-law. His wife is must be delighted. 
1. Having a BIL in charge of the Purchasing Dept keeps a watchful eye out for staff taking kickbacks from suppliers.
2. Having a sex-pot sister-in-law as Customer Service Executive can only be good for the business.
3. Wife as Assistant to CEO: In this company, the CEO had two mistresses and the wife tipped off the authorities on the company's tax evasion, and half-destroyed the company.
4. Brother-in-law as chauffeur: The CEO was kidnapped and ransom paid. The police found that his BIL was in cahoots with the kidnappers

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