Board Of Directors Governance Of Listed Companies In Sichuan Province Empirical Research

Because the board of directors is in the center position in the corporate governance, improving function , governance and quality of the board of directors becomes the key task to sets up effective structure of corporate governance . It is a very important thing to overall research, analyze and propose objective appraisal the current situation of governance structure of the listed company, which the board of directors is for the core.The research of this text adopts the method in combining experience research with normal studies, and mainly is the method of experience research. Regarded listed company of 64 A-shares of Sichuan Province (2002) as samples, the paper mainly research the board governance from several following respects: the ownership structure and stock right concentration, The board structure, the board behaviors, relations between the leadership structure of board and the corporate performance, and relations between the board behaviors and the corporate performance. This is the first time to research the structure of board governance of the listed company in Sichuan Province on many angles. Its purpose lies in' analyzing the current situation, announce the question, think deeply in future'.The result analyzed shows that: (1) The stock right of listed company concentrates in the shareholder of country's share and state-run corporate share mainly. The phenomenon that the state-run stock right is" one share big alone" is relatively serious. (2) The scale, ages of board of directors of the listed company are rational basically, but the professional structure is not very rational. (3) It is relatively single that the forms of the director salary, and lack remuneration of encouraging nature for a long time, such as option, etc.; (4) It is basically rational for the situation of attending the meeting and intensity of behavior of board of directors. The leadership structure of board is presenting the relevant relation with ACPM in year, But and the relationship of AROE in year is uncertain. (5) Number of times of the meeting of the board was negative relation with ACPN and AROE in the first one year, but was positive relation with those of back one year. (6) The duties are set up not only jointly but also separately, the activity frequencies of board of directors was almost same.The article has also analyzed the reason existing in these phenomena, and put forward the corresponding policy and suggestion.