West can learn from new structure

A top financial expert believes unique governance model will lead the way

Chinese banks are championing a unique corporate governance structure that could provide lessons for both Western and emerging markets, said Didier Cossin, professor of finance and governance at Switzerland's IMD Business School.

The 48-year-old academic, who has advised many banks around the world, said that Chinese banks have devised a structure which ensures checks and balances between different directors but also ensures the views of the state, a key shareholder, are heard.