| Wholly State-owned Company, as one of the important organizational forms of SOEs in China, plays an paramount role in the national economy. The present scholars mainly conduct a research on the Wholly State-owned Company from the perspective of the relationship between the one man company and the Wholly State-owned Company, maintaining that the system of Wholly State-owned Company draws the experience of one man company in the foreign countries. So when we discuss the SOEs in China, we cannot avoid the topic of Wholly State-owned Company. This paper mainly discusses the following issues: When the traditional SOEs establishes the modern enterprise system, a lot of large-scale state owned enterprises choose to adopt the form of Wholly State-owned Company, what's the impact ?What role will these companies play? What are the pros and cons? What's the trend of the development of Wholly State-owned Company?This paper can be divided into three parts:The first part: in the world, few countries attach great importance to the SOEs like China. The reform of the SOEs is a focus in the economic reforms in the past 20 years. As we know, we emphasizes that the SOEs play a major role in our national economy and the existing problems of the SOEs are very grave.We always say that "No reform, no way out." In this part, the author introduces the background of the formation of Wholly State-owned Company, the distinctive character of state enterprises, and the advantages and disadvantages. The Wholly State Owned Companies and the traditional SOEs are different in essence in the following respects: the property relationship with the state, the liability relationship and the corporate governance.In part two, the author mainly discusses the issue of wholly state owned company in the perspective of corporate governance. As we know, most of the wholly state owned companies do not establish the corporate governance body. The remains some problems: the power and the duty of board of directors and the managers are not clearly defined; the supervisory body can not exercise its power effectively; the incentive system and the restrictive system do not run... |
