The Research For Improving Supervision Mechanism Toward The Managers In State-Owned Enterprises Under SASAC

This thesis briefly introduces the basic situation about the course of establishment, duty, manage pattern and work results of the State-Owned Assets Supervision and Administration Committee (SASAC). It emphasizes the significance of improving the supervision mechanism toward the managers in State-Owned Enterprises (SOEs). The thesis expounds the fundamental theory of supervision toward the managers in SOEs, including the corporate governance theory, principal agent theory, internal control theory and stakeholders'governance theory.The thesis is found on large and wide investigation and research, through using relevant theories, comprehensively analyze the current condition not only about outside supervision of the managers in SOEs, such as legal supervision, social supervision, investor supervision, higher level Party organization supervision, but also about the inside supervision of the managers in SOEs, such as internal directorate supervision, supervisory board supervision, Party organization supervision, employee supervision. With a lot of examples, it analyzes nine problems and seven reasons in the condition of absence of supervision mechanism to the managers in SOEs.Through researching the five main supervision patterns of SOEs in developed country, the thesis analyzes the methods and traits of SOEs supervision in American, France, Japan and Singapore. Meanwhile, by summing up the experiences from developed country, five enlightenments will be presented to improve our operation system of SASAC and reinforce the supervision system of the managers in SOEs.The thesis is established at the work experience since the founding of SASAC. By using the research results of Maslow's hierarchy of needs, checks and balances theory, agency cost theory, gain and risk theory, it presents that under the special circumstances in China and the operation system of SASAC, it will be better to set about in four factors to strengthen and improve the supervision system of the managers in SOEs.Firstly, through strengthening the building of professional morality of the managers in SOEs, expediting the build of enterprise credibility culture, cultivating the managers to be accustomed to accept the supervision self-consciously, we should set about the ideological education, and build a solid protective ideological dam to restrain the illegal motive.Secondly, through improving the legal system for state-owned assets supervision and administration, establishing state-investor supervision system to SOEs, regulating the SOEs'internal business process and system, we should set about the system building, and improve the Multi-angle supervision network to reduce the illegal opportunity.Thirdly, through widely carrying out the budget management system for state-owned assets, stepping up the conditional SOE whole-listed in the Stock Exchange, pushing forward the system reform of supervisory board actively, working the Information Technology's supportive function toward supervision effectively, we should set about the means amelioration, and focus on the mechanism innovation to increase the supervision efficiency.Fourthly, through strengthening the supervision and examination on the key link of the business activities in SOEs, promoting accountability for dereliction of duty in management activities, dealing severely with the manager's illegal activities under the laws, we should set about the responsibility investigation, and increase the cost for the unjust use of power to enhance the supervision effect.