Study Of State-owned Corporate Governance Structure

There are problems to its functions because of state-owned independent capital company's unique capital constitute. The essence of these problems are all contributed to its supervision of rights implementing. Due to lack of shareholders committee, traditional "tri-controlled carriages" will not restrict each other. All these circumstances lead to the right institutions of state-owned independent capital companies, such as board of directors and board of supervisors, can not be responsible for and controlled by shareholders committee. Yet their rights are not implemented as expected. Hence, they are degraded to such great extent that they become regulatory board of directors and visionary board of supervisors. All these are deviated from the initial wishes for built-up these institutions. State-owned independent capital companies of great value in civil economy that it is practical to strengthen and improve its administration institution. This paper is dedicated to illustrate state-owned independent capital company's strategic position and its applied spectrum so as to make it certain that its existence is necessary. And it also probes into its administration institution from the aspects of board of directors and board of supervisors as well as share rights. To accelerate the administration and function of state-owned independent capital company well, we can, apart from improving the functions of board of directors and board of supervisors, manage to specify their specific qualifications, enlarge their rations as well as to vary their share rights appropriately.