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Moving MillionsThe Commercial Success and Political Controversies of Hong Kong's Railway$
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Rikkie Yeung

Print publication date: 2008

Print ISBN-13: 9789622098824

Published to Hong Kong Scholarship Online: September 2011

DOI: 10.5790/hongkong/9789622098824.001.0001

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Pioneer MTRC versus KCRC Bureaucracy

Pioneer MTRC versus KCRC Bureaucracy

Chapter:
(p.67) 4 Pioneer MTRC versus KCRC Bureaucracy
Source:
Moving Millions
Author(s):

Rikkie Yeung

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789622098824.003.0004

Part II of this book contrasts the organisational history of the MTRC and the KCRC with a focus on their corporate governance arrangements and issues. This chapter compares the establishment, legal-formal governance arrangements and a history of organisational transformation of the two railway corporations. It explains that a basically similar legal-formal model was applied to both the MTRC and the KCRC but specific government policy differences put the two corporations on different paths in the years to come. Four specific topics are discussed: the historical public debates on the organizational transformation and corporate governance from the 1970s to the new millennium; how the MTRC model was adopted and modified in the establishment of the KCRC in the early 1980s; the year 2000 when the MTRC was restructured into a listed company; and the formal mechanisms of accountability and public control of both railways.

Keywords:   corporate governance, MTRC, KCRC, organisational history, railway corporations, restructuring

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