Font Size: a A A

The Status Of The Governance Structure Of Listed Companies In China And Improve The Analysis

Posted on:2003-08-20Degree:MasterType:Thesis
Country:ChinaCandidate:J H FangFull Text:PDF
GTID:2206360095452830Subject:Political economy
Abstract/Summary:PDF Full Text Request
Up to the present, there have more than 1200 listed companies and the market value isclose to 1 Tril RMB ,the significant progress gains in our country securities marketfrom 1990.But the securities market of our country still exists many problems and among themthe major problem is the good corporation governance still fail to build completely.This essay begins from analyzing the cause that corporation governance be attachedimportance in the international scope ,then discuss the present situation of our countrylisted companies corporation governance, and decompose the existence reason, putsforward the settlement method of myself.At first essay analysis the definition of corporation governance . Corporationgovernance is one kind of system managing and control . It not only stipulate the dutyand right of each participator of corporation such as the board of directors andmanager layer , shareholder and other advantages correlation persons , bur alsodefinite the procedure and rule which corporation decision should follow . The core ofcorporation governance is a entrusting - agent relation caused by the varied interest ofowner and management at the conditional of proprietary rights and management rightis separated .Essay introduce three kinds of governance model at present : English-American model , Japan model and German model .Then essay point out several existence problems in the corporation governance of ourlisted companies and the majorest is unsuitable action of Controlling Shareholder andthe internal person's control , the others has the function insufficient in board ofdirectors and supervisors, the excitation mechanism and outside supervisesmechanism is short of etc .These problems severely hinder our country securities market healthily development.The major cause of these problems is the unsuited shares structure and the percent ofstate-owned shares is overmuch , fail to establishment good the supervisorymechanismAfter decomposed these problems ,the article analyze some principles that the goodcorporation governance must be had , and put forward some settlement methodsagainst the conditions of our country .Such as against the unsuited shares structure put forward to adjust the share structureof listed companies through to sell parts of state-owned shares to corporativeencourage strategic investment person entranceAt the same time still put forward to reform the state-owned property managementsystem and reform board of directors and supervisor system etc , the construction ofindependence director's system should be strengthened in the suggestion , cancelsboard of supervisors when the condition ageing . and builds a centralized corporationadministering the structure .Stressing to strengthen the supervise effect of creditor andlabourer to improve corporation governance .It's hard work to improve corporation governance. It need constantly to find problem,summary experience in the practice , perfect regulations and strengthened themanagement .Only like this listed companies market can promote mutually with the securities market, and entering the track of virtuous circle. I believe there will be fine future in the market of ChinaThe English...
Keywords/Search Tags:listed companies, corporation governance, perfect
PDF Full Text Request
Related items