Research On Conflict Of Interests In Distribution Of Company's Profit And Coordination

Although the company is the subject of a private existence, but to look at the distribution of corporate profits, has never been able to fully determined by the company's shareholders,the end of the distribution are the main multi-stakeholder relations after more than round of the game and the result of a compromise. In this multi-stakeholder process of the main game, the main position and role is different. Among them, country participates in the distribution of profits from the distribution of profits, regulators, representatives of social interests; company's shareholders to enjoy the rights and interests as shareholders, and the defender of the interests of the company;company creditors play a role as stakeholders and supervisors; company managers and workers are in the position of defender of their interests. The distribution of corporate profits will eventually be embodied in a national focus, shareholders, creditors,companies,company managers and workers in the distribution of benefits between the relations and coordination.As the result of the adjustment by Enterprise income tax law, company's profits are divided into Pre-tax profit and After-tax profit,so the distribution of corporate profits in China also include the conflict of interest in Pre-tax profit and the conflict of interest in After-tax profit. Specifically, the distribution of Pre-tax profits include the conflict of interest between shareholders and company employees and the conflict of interest between shareholders and the state's tax.The distribution of after-tax profits there is a conflict of interest between shareholders,between shareholders and creditors, between shareholders and companies. The balance mechanism's establishment of the conflict of interests in the distribution of corporate profits is to establish a certain standard for representative of different interests in order to achieve a compromise. It play a great role in the stability of enterprises, the achievement of a just society and maximize the wealth. However, because there are many representatives of different interests,how to coordinate pre-tax, after-tax profit distribution between the main stakeholders in the conflict, has become one of the greatest artistic and professional work.