On Corparate Governance Of State-owned Enterprise

Corporate governance is the core of modern corporations. With the development of market economy, China has started a climax of state-owned enterprise restructuring since 1980's.Such structure of sole ownership by the state of state-owned enterprises is a kind of new exploration. The corporate governance structure of this equity is different from the modern enterprise system of shareholders, directors, supervisors, and is not subject to the system of checks and balances because of the oneness of shareholder structure.In recent years, in the implementation of the operation process of state-owned sole ownership company system, it comes with many problems, which hurt the maintenance and appreciation of the state-owned assets. For example, the board of director fails to exercise independently, the supervision board and the Union cannot give full play to the company and the organ, all of which cause loss of state-owned assets. To reverse this situation, it is necessary to take further research and re-examine current governance structure of the state-owned company. This article is divided into three parts. The first chapter explains the basic concepts of the state-owned sole ownership company and corporate governance, give us background information and the governance structure of the foundation of the state-owned enterprises. The second chapter points out the problems in the governance structure of the state-owned company, which mainly concentrates in the board of directors, the board of supervisors, CPC Party, and the Union's position, function and power. The third chapter puts forward specific solutions to these problems to achieve perfect governance structure of the state-owned enterprises.