Research On The System Of Supervisory Board Of Co-governance Mechanism By Stakeholders

Supervisory board is an important component of the corporate governance structure. It plays a pivotal role in improving the power balance and the sound development inside the organization. The literature on the corporate governance in China only focuses on how to establish stockholders'assembly and the supervision of board of directors on the management team, while less is about the supervision of supervisory board on the management team. Supervisory board playing its due role would have an important impact on improving the level of corporate governance of listed companies, especially after the introduction the system of independent director. Researching on the system of supervisory board and its operation will have major theoretical and practical significance.With regard to these, the author adopts normative study means to do systemic research on both theory and practice of the system of supervisory board and applies the stakeholders co-governance theory to restructure the system of supervisory board, which is the innovation in this paper. The supervisor board is orientated as supervision to holding shareholder and administration and supervision authorities of control. The research has certain value in improving the internal supervision system. In addition to the introduction and conclusions, the paper consists of six major chapters:The first chapter gives a brief introduction to the basic problems of the system of supervisory board; The second chapter explains the theoretical principle of supervisory board, which laid solid foundation for further analysis; Chapter three investigates the board of supervisors in countries of continental legal family, and describes the different legal regulations by making comparison of the system of supervisory board in these countries, from which we can draw on experiences and lessons; Chapter four analyzes the relationship of internal supervision system in China, which makes the relationship among the supervisory board , the independent directors and the internal audit clear;Chapter five analyzes present legislative situation, as well as the operational situation of the supervisory board with the consideration of Chinese characteristics. At last, in view of the situation that the supervisory board can not operate efficiently, chapter six applies the stakeholders'co-governance theory to the reconstruction of the supervisory board system and designs corresponding mechanism to guarantee its functions.