| In this paper,with the background of deepening China’s mixed ownership reform in 2013,the focus of the current state-owned enterprises is the corporate governance of the market-oriented development process.The current state-owned enterprises to introduce private capital makes the cooperation between the two sides continue to deepen,private capital as the second largest shareholder of the control of the enterprise gradually increased,only the effective balance between state-owned enterprises and private capital ratio between equity,in order to ensure corporate governance efficiency,Otherwise it is easy to cause control disputes.The main research question of this paper is:what resources and influence are brought by the introduction of private capital by state-owned enterprises?The Emergence,Process and Influence of State-owned Enterprises Introducing Private Capital Control Rights?How to deal with the impact of control disputes?In this paper,the use of literature analysis,comparative analysis and case analysis,through the mixed ownership reform of the relevant theory and related background of the introduction of state-owned enterprises to introduce private capital will lead to corporate governance issues-control disputes.Through the analysis of the emergence,process,the way and the influence of the control dispute,this paper puts forward the path of the governance of the mixed ownership reform company,needs to improve the reasonable choice of the object of cooperation,the ownership structure,the corporate governance structure and so on,and analyzes the control right dispute to the state-Impact.Through the optimization of corporate governance to achieve the state-owned enterprises after the introduction of private capital collaborative development.This paper analyzes the control disputes caused by the introduction of private capital by E Wushang and Zhongbai Group,and puts forward the path of corporate governance optimization.The conclusion of this paper is as follows:(1)The introduction of private capital by state-owned enterprises,the introduction of private capital,the optimization of resource allocation,the improvement of state-owned enterprise management mode,and the strengthening of market competitiveness.(2)Because the nature of the major shareholders of different interests,conflicts of interest and the proportion of unreasonable stake will have control disputes,the general competition for the stock competition,the board of directors to compete and legal channels to control disputes,the impact of the existence of double-sided business,Will affect the efficiency of corporate governance,but also improve the effectiveness of corporate decision-making.(3)from the design of corporate governance optimization path to reduce the impact of control disputes:in the introduction,if it is the introduction of the initiative,to clearly introduce the principle of a reasonable choice of cooperation object;if passive introduction,to the development strategy and business Development of the consensus;in the process of introduction,to design a reasonable ownership structure,to achieve equity checks and balances:the second largest shareholder of the largest shareholder 0.65;after the introduction of private enterprises,to improve the mixed ownership of corporate governance and governance mechanism:First,the board of directors and the board of supervisors:not only on behalf of the interests of the largest shareholder,the four committees sound;again,independent directors:to participate in the four members,and in business decision-making to ensure that The interests of small shareholders;the final sound management mechanism,the establishment of a reasonable decision-making and communication mechanism.At the same time,through the case study of the mixed ownership refonrm of EWu and Zhongbai Group,it provides an example for those enterprises that have carried out and willing to carry out the covariance,and supplemented the existing theory of mixed ownership,With the practical value worth exploring,will be conducive to the process of mixed ownership reform. |
