SOEs to open recruitment to public
By Hu Yuanyuan (China Daily)
Updated: 2006-08-25 08:53
Eleven of China's largest State-owned enterprises (SOEs) will open legal
consulting vacancies to the public, the third round of public recruitment this
year, the regulator of the country's 166 central SOEs said
yesterday.
"The move is an important step to strengthen legal risk
management in the SOEs," said an official with the State-owned Assets
Supervision and Administration Commission (SASAC).
"The legal
consultants will play a vital role in the reshuffling and shareholding reforms
of the companies as well as in financing and investment," he added.
It is
the third round of recruitment this year after 10 SOEs opened up top management
positions to the public in June. SASAC has been pushing public recruitment
since 2003 to help SOEs gain outstanding executives from the labour market and
enhance their global competitiveness. Top management positions were formerly
appointed directly by the government.
Although foreigners are welcome to
compete for the positions, none have yet been successful, Fan Changgang, a SASAC
official in charge of recruitment, told China Daily. He declined to disclose how
many foreigners had submitted applications.
"Cultural
concerns are the major reason foreigners fail in the job hunt," an analyst told
China Daily, citing the Shenzhen Development Bank (SDB) as an
example.
Jeffrey Williams, the president of SDB, resigned after a
13-month stint at the Shenzhen-based lender in February this year. He was the
first foreign president of a Chinese bank.
The previous two SOE
recruitment campaigns this year attracted 896 applicants for 15 vacancies; the
SASAC established that 269 were qualified for the positions.
Over half
of the applicants had postgraduate qualifications or higher, and around 13 per
cent had studied or worked overseas, while 88 per cent were aged under
45.
The evaluation process consists of an interview, written
examination and a group discussion.
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