Research On The Power Allocation Of Shareholders’ Meeting And The Board Of Directors In Corporate Governance

With the development of corporation and economic globalization, corporate governance is increasingly becoming an important issue and raises the attention of the countries all over the world. As the main body of corporation,,shareholders’meeting and the board of directors play important roles in corporate governance. It is of great significance to clarify the power of them.Full text is divided into three parts, in addition to the introduction and conclusion. The first chapter introduces the basic theory of the power allocation of shareholders’meeting and the board of directors in corporate governance, including the definition and model of corporate governance, the connotation, principles and significance of the power allocation of shareholders’meeting and the board of directors.The second chapter summarizes and analyzes power configuration modes of shareholders’meeting and the board of directors. Chapter2analyzes the two configuration modes, centralization of plenary session of shareholders’ meeting, and centralization of board of directors, then makes a comparative study on the extraterritorial legislation of corporate governance.Based on the legislation and practice of corporate governance in the US. Germany and Japan, this part then provides theoretical guidance to china’s legislation and practice.Chapter3first makes an empirical research on the current power allocation of shareholders meeting and the board of directors in china, from the aspects of legislation and practice, and then proposes four suggestions to improve china’s legal system of power allocation of shareholders’meeting and the board of directors. Firstly,clear the power of shareholders’meeting and the board of directors on legislation. Secondly, perform functions of articles of companies to coordinate with the power of the board of the shareholder’s meeting. Thirdly, improve the system of the board of directors to regulate the exercise of the power of the board. Lastly perfect the system of shareholders’meeting to supervise the board of directors better.