New China Life Insurance -- A Thousand Days of Struggle

At the end of 2009, the full-length drama surrounding shareholder rights for New China Life Insurance Co. Ltd. finally ended. On December 28, after long delays the insurer established a new board of directors. Then on January 14, New China Life Insurance Asset Management Co., the company in charge of New China Life's 180 billion yuan in assets, appointed a new management team. The era of the long-term absence of a board of directors, with management, shareholders and even regulators sharing governance responsibility, was finally over.