Company's Financial Governance Structure And Mechanism Studies

With the coming of economy globalization and market integration and in the keen competition, it becomes pressing and necessary for a company to realize sustainable development, keep its particular core competence, prevent management and financial risk, constantly increase the profit ability, realize corporate value maximization, protect all the related rights and interests and carry out effective corporate governance, especially corporate financial governance. The company must set up effective financial governance structure and operation mechanism to ensure the effectiveness of corporate financial governance.From the view of business administration, the financial management activities of an enterprise are the course of making optimum decision for a certain financial matter by the financial policymaker. Evidently, this course has vivid technical characteristic. However, this course is greatly affected by many non-technical factors. This paper proposes the concept of corporate financial governance. It studies the corporate financial governance structure and mechanism from the point of system stratification plane.This paper is divided into 7 chapters, it is arranged as the following structure: The first chapter expatiates on the theoretic background of financial governance, mainly the concept and mode of corporate governance as well as the evolution direction of corporate governance mode. From the second chapter to the sixth chapter is the main part of this paper. It mostly expounds the main content of corporate financial governance structure and mechanism. Beginning with the characteristic of corporate financial object and the change reason of corporate financial object theory, the second chapter proposes that the ideal financial object of modern corporate should be corporate value maximization, prospects the financial object in knowledge economy times, and emphatically elaborates the factors and structure of financial governance. Based on the up-to-date prevailing financial theory, the third chapter discusses the mechanism and behavior of corporate financial governance. Centred on the crux of current corporate financial governance, the forth chapter deeply probes into the property right distribution on corporate management level, mainly the distributions of financial control right,...