The professors are not the only people banned from independent directorship. Top govt officials holding paid corporate positions in the education sector are also clamped down. The overlapping of govt/academia and business is not acceptable in the clampdown against corruption. ‘The ministry on Nov 3 ordered deans, deputy deans and managers at middle level and above to report their part time jobs, saying those who do not do so in a timely or accurate fashion will be punished based on the severity of violations.’ Bloomberg.
This is one of the things that China did not learn from Singapore. This must be the reason why Singapore is so progressive and China is not. Singapore businesses have no problem with who are their independent directors or where they come from as long as they are honest and incorruptible men and women with the right connections and expertise to add value to the companies. Perhaps this is something the Chinese did not have, honest and incorruptible men and women that can wear many hats and be independent directors and would not be accused of corruption because they are just incorruptible. Just pay them well to make sure they are not corrupt.
With the kind of pay the Chinese are paying, no wonder they have a big corruption problem. They must send more delegations to Singapore and learn from Singapore on how to keep people from falling to corruption. According to world surveys, Singapore is the least corrupt country in Asia. Just pay them not to corrupt.
The only thing good about China is that when it is clamping down on corruption, it is serious about it and big shots are also caught in the net. Xi Jinping was quoted to have said in his book that no one is immune from punishment. China still got a lot to learn.