Construction Of State-owned Commercial Bank Corporate Governance Structure

Nowadays,the four major state-owned commercial banks in China are all facing an important period of reform and development. It is an urgent problem to be solved in the reform of SOCBs that the complete and standard corporate governance structure needs to be standardized. As a result , the research on corporate governance structure is of great importance both in theory and in practice through this thesis. This whole thesis is divided into four chapters and the main content set forth as the follows: Chapter One is about the characteristic and the problems of the corporate governance structure of SOCBs. In the first place, the author enumerates the characteristic of the corporate governance of SOCBs. In the second place, the thesis points out that the problems of the SOCBs' governance consists of five parts which are "the absence of ownership", "the absence of mutual balance","relations between entrust and agent are inexistent""the absence of incentive mechanism" and "deficiency of external governance environment ". Chapter Two expounds the SOCBs' choice about the model of corporate governance structure. Firstly, the thesis talks about two typical governance model in foreign countries and introduces the Anglo-American corporate governance and German or Japanese governance structures. We could benefit from those experiences. Secondly,the choice of SOCBs' governance model is discussed. We draw a conclusion that the successful experiences tell us that the so-called "modern corporation institution" does not refer to any specific form of corporate governance structure. SOCBs' modern corporation governance structures must adapt to our special and complicated national conditions. Chapter Three gives some suggestions about the establishment of the SOCBs' effective corporate governance structure. It is the most important part of this thesis. The author expounds her view in five different parts. The main contents are as follows:(1)bringing about a reform of stock in the SOCBs; (2)perfecting the institution of the shareholder's Annual General Meeting(AGM) and normalizing the institution of the Board of Directors and strengthening the power and function of the Supervisory Board ; (3) perfecting the incentive mechanism; (4) perfecting information revealment (5) consummating the exterior environment of the SOCBs'corporate governance. Chapter Four discusses that SOCBs on the stock market will affect the establishment of corporate governance structure in some aspects. The thesis points out that the governance issues are the long-term matters not only by coming into the stock market. There is a long way for us to go. The new points of the thesis involve: First, the theory is connected with practice, the thesis brings forward some suggestions which are very beneficial for our state-owned commercial banks. Second, the thesis discusses the influences combining corporate governance structure with SOCBs on the stock market. Third, the thesis handles several knowledge including law,economy, finance and accounting. Some angles are very novel.