Editor's note: On July 10,2005, a draft of Real Rights Law of the People's Republic of China was made public for opinions and suggestions from peo- ple of all walks of life. Following is a transcript of an int...Editor's note: On July 10,2005, a draft of Real Rights Law of the People's Republic of China was made public for opinions and suggestions from peo- ple of all walks of life. Following is a transcript of an interview by our reporter with Professor Wang Liming of the Renmin University of China, a noted expert of law, who is involved in the drafting of the law:展开更多
Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing...Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing on public welfare and profitability.Their core function is to achieve the goal of charity by using the trust as a tool, although they have the characteristics of a trust in terms of external representation.The dual attributes of CTs present new challenges in terms of governance mechanisms, which must be different from those of traditional charitable organizations and the general corporate governance mechanisms applied to trust companies.展开更多
文摘Editor's note: On July 10,2005, a draft of Real Rights Law of the People's Republic of China was made public for opinions and suggestions from peo- ple of all walks of life. Following is a transcript of an interview by our reporter with Professor Wang Liming of the Renmin University of China, a noted expert of law, who is involved in the drafting of the law:
文摘Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing on public welfare and profitability.Their core function is to achieve the goal of charity by using the trust as a tool, although they have the characteristics of a trust in terms of external representation.The dual attributes of CTs present new challenges in terms of governance mechanisms, which must be different from those of traditional charitable organizations and the general corporate governance mechanisms applied to trust companies.
