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The Chinese companies are undergoing a new round of transformation in taking corporate compliance responsibility, Wang said during a forum with other experts discussing the implications of the case Friday in Beijing.
"In the past decade, Chinese companies have been driven by growth and profits in their rapid development. Now they have to become more aware of their responsibility in complying to the rules," noted Wang.
At the special general meeting on Sept. 28, shareholders will discuss and decide whether to support Huang's proposals of removing Chen from his positions and revoking a general mandate that permits the company's directors to issue GOME shares.
Analysts say if the mandate takes effect, Chen and the Board of Directors he leads are set to increase the available shares of GOME to dilute the shares under Huang's control to less than one-third of the company's total.
Currently, Huang and his wife, who has been reprieved from a three-year jail term, hold 32.47 percent of GOME's shares. The couple has the right to at least veto important resolutions that need to be agreed upon by shareholders representing over two-thirds of the voting rights.
Other experts at the forum focused on the brand. Zhu Heliang, head of Chinese Brand Research Center (CBRC), Capital University of Economics and Business, said he understood the feelings of Internet users, "Brand is different from products, it has customers' emotions."
"Resorting to the emotions of consumers on the brand can be misleading. But it will not affect the nature of the struggle and cause substantial differences in its results," said Yang Xilun, deputy head of the CBRC.
"Chinese and foreign companies are equal. Being a national brand or not, GOME should not be treated differently," Wang said.
Experts say they hope Huang and Chen can find a solution without hurting the company, its employees, customers and shareholders. "Ideally, we hope the problem can be solved with wisdom in the framework of law and regulations," Yang said.