A Study On Common Governance Mode And Mechanism Of Chinese Private Universities

Private universities have been made great achievement since our country was founded. However, there are still some problems in the governance of private universities, which have seriously hampered the development of private universities. And this was largely caused by the lack of internal governance structure. The study of the internal governance structure is getting more and more attentions of domestic and foreign scholars, and has been forming a series of research results, which focuses on the improvement of external environment, the property research, the internal governance structure, the experience of foreign private universities and so on. However, the existing researches are mostly specific studies based on one or several aspects of the above.Basing on the related theories on corporation governance and stakeholders theory, this paper has made a systematic research on the internal governance structure of private universities from learning the lessons of foreign countries, and pointed out some problems that need to be solved immediately. Firstly, this paper makes a thorough analysis on the internal governance structure of private universities with the case study, and then puts forward the construction of common governance mode with the board of directors and the university council, under the participation of private university stakeholders, and gave this mode two layers meanings. The first layer meaning is the mutual cooperation and the checks and balances between the board of directors and the university council to achieve the common governance; the second layer meaning is different stakeholders participate in the common governance with different degree, according to different ways. After that, this paper makes a scientific classification of our private universities stakeholders by referencing Mitchell stakeholder scoring method. This paper constructed the internal governance stmcture with the decision core of the board of directors and the execution core of the university council, and then constructed the common governance mechanism, put forward constructing the external supervision mechanism with the core of government and the internal supervision mechanism with the core of the board of directors, the incentive mechanism with the combination of material incentive and spiritual incentive, and the participation mechanism that different types stakeholders involve in private universities governance through different approach with different degrees.The research features and innovations of this paper mainly lie in:firstly, referencing Mitchell stakeholder scoring method, this paper made a reasonable classification of private universities stakeholders; secondly, this paper constructed the common governance mode with the board of directors and the university council, under the participation of private university stakeholders; thirdly, this paper introduced the stock option incentive mechanism into private universities creatively, and made practical implementation details.This study not only provides an operable internal governance structure and operational mechanism for our private universities, but also provides a theoretical basis and implementation ways for our public universities and nonprofit organizations, especially, this study has theoretic value and significance for perfecting public universities governance.