| With the continuous development of the market,more and more market participants also pay more attention to corporate governance issues.The level of corporate governance not only affects the business performance of a company,but also affects the market value of an enterprise.At the same time,it is also an important factor to ensure the healthy and stable development of the securities market.Therefore,many scholars have further deepened the research on corporate governance.Corporate governance is also called the company governance mechanism,supervision mechanism,the corporate governance structure and corporate governance structure,corporate governance is about how the enterprise to the governance of corporate entities,using the power of the company development direction to guide,supervise management action,bear country should do one’s duty and in accordance with the company laws and regulations for constraints on the company’s development.Based on the previous research results and from the perspective of corporate governance,this paper takes company A as the research object.The study was divided into five parts.The first part mainly introduces the background,purpose and significance of this research,the current research development at home and abroad,the methods adopted in this research and the main content of the research.The second part defines the connotation involved in the research and expounds the theoretical basis involved in the research,including the connotation of corporate governance and corporate value,corporate value theory and corporate governance theory.The third part of the research object of this article,analyzing the governance structure of A company,A brief introduction to the situation of A company,expounds the relationship between corporate governance and firm value,and then introduces the present treatment situation A company,including the equity structure of A company,the board of directors of A company operating condition,the composition of the board of supervisors of A company and A company currently USES the executive incentive mechanism.The fourth part focuses on analyzing the problems in corporate governance of company A and the relevant reasons.The problems in corporate governance of company A mainly include five aspects.Second,the function of the board of directors is weakened and there is no effective right supervision system.Third,the lack of independence of the board of directors,some positions and senior executives overlap;Fourth,blind expansion in the process of the enterprise leads to a surge in corporate debt,which affects the operating profit and solvency of the enterprise.Fifth,there are problems in the compensation incentive and restraint mechanism of managers.These problems are related to the fact that the internal governance institutions and external governance market of company A have not played their due roles.What’s more,the current laws and regulations on corporate governance are not perfect enough,and relevant professionals have low participation in corporate governance.The fifth part is aimed at the existing problems and causes,and based on the development of A company,think that should be to optimize ownership structure,perfecting the system construction of the board of supervisors,and set up the responsibilities of the independent directors system,to perfect relevant laws and regulations of corporate governance,improve corporate financial incentive and restraint mechanism to promote the value of A company,also hope that through the study of A company to be able to inspire the corporate governance,give similar enterprises for reference in the corporate governance,to inspire the corporate governance and help. |