Study Of Modern Corporate Governance, Internal Oversight System

The choice and establishment of the internal supervisional model and system of the modern corporate governance are the most important factors in deciding whether the purpose of the corporate governance can be achieved or not. There are great deficiencies in the choice and establishment of the internal supervisional model and system of the modern corporate governance in our country. In practice, the supervision is completely a form and it almost has no real function. In order to change the present conditions, the Issuance Examination Commission formally introduced the system of the Independent Board of Directors from Britain and America in 2001. The revised company law also formally introduced the system of the Independent Board of Directors in the listed corporations on the basis of improving the former system of the board of supervisors, hoping to overcome the weakpoint of the feeble supervision of the board of supervisors and effectively supervise the executive directors, the management and the controlling shareholders of the company. The problem is: can the compatible system-- the combination of the two different supervisional systems of the Independent Board of Directors and the board of supervisors-- be successful? The scholars and the practitioners have their own different opinions. Therefore the choice and the establishment of the internal supervisional model and system of the modern corporate governance have profound meanings in building up the internal supervisional system of the corporate governance which is scientific, standard, powerful and effective, achieving the strong and effective supervision on the executive directors and the management of the societe par actions, and ensuring the achievement of the biggest profits of the company and all the individual shareholders.This paper uses the method of comparison, the method of economics and the legal method, examines the theory, the present condition and the foreign laws...