The Research Of Corporate Governance Structure Based On The Present Situation Of The Institutional Arrangement

Corporate governance has become worldwide research subject, the question of corporate governance has been universally appreciated. With economic development and equity of growing up, corporate governance is also increasingly becoming the core competitiveness of enterprises to be an important factor.From the formal point of view, our models of corporate governance is very close to the Western countries'companies'models of corporate governance, but the effect of governance between the two are quite different. The reason is China has chosen an inappropriate path in the search for effective models of corporate governance, china is blindly follow the Western developed countries'corporate governance practices, while ignoring our companies in which the specific environment and different from the foreign company's many problems themselves, the results can not cure the "illness", and even a few of problem in our companies did not be effectively resolved as the continuous improvement of corporate governance.This paper reviewed the theory of corporate governance in domestic and international, and the related theory of corporate governance, on the basis introduce three kinds of model of corporate governance structure, and analyse the current situation of corporate governance. Then the article apply DEA to analysis 162 listed company governs the effectiveness and the specific issues of present institutional arrangement. Research shows that our company governance effectiveness was poor, and in the institutional arrangement provides the following questions: stockholder's rights drive of the board lack of motivation; the bodsize is too large; supervisors to pay a high percentage; the shareholder take a high proportion of shares, and so on. To improving corporate governance structure provides a basis. Finally, the article on the proposed to improve the company governance proposals, for articles carried out conclusions and prospect.