Research On The Causes And Consequences Of The "Cleaning" Change Of The Board Of Directors

In recent years,China's marketization has become more and more high,and economic development has accelerated.What followed is the fierce competition among enterprises and the high demands on corporate governance.To a certain extent,it can be said that the changes of the board of directors have an extremely important impact on the impact of enterprises and the future development path.By studying the motivations and consequences of the “clean-style” change of the board of directors,it can be judged that all members of the board of directors have an impact on the company's overall operation,market reaction and economic consequences,and can not only provide targeted elections for the board of directors of the listed company.Based on relevant theories and based on the review of the research systems of scholars at home and abroad,this paper studies the motivations and consequences of the “cleaning” change of the board of Qunxing Toys.This paper believes that Qunxing Toys Co.,Ltd.is in order to adapt to the industry background of the company;secondly,the company has to take measures to reverse the situation in the face of the continuous decline in performance and the failure of many restructuring failures;It is the company's preparation for strategic adjustment to achieve strategic transformation,and this paper believes that this clean-up has its inevitability,so the board of directors must adjust to adapt to the major adjustment of the strategy.The results of the “clean-style” change of the board of directors show that the impact of the board change of Qunxing Toys on the company is mainly reflected in the following aspects:(1)The “clean-style” change of the board of directors has changed the company's main business,and the number of employees Significantly reduced;(2)After the change of the board of directors,the company's share price fell rapidly in a short period of time,which has a negative impact on the secondary market;(3)The board of directors did not improve the company's operating performance within a short period of time after the reelection.This paper believes that enterprises should closely contact the company's strategy,establish an effective management talent selection system,implement effective incentive policies for managers,strengthen supervision of the board of directors.At the same time,to strengthen communication with investors,investors should also review the situation and analyze rationally.For regulators,not only must the company internal supervision,but also make up for market loopholes and protect the interests of investors.This paper studies the impact of the “clean-style” change of the board of directors on the company.It helps to understand the interaction between the board and the company,and the election of the board of directors of listed companies in China.It provides the basis for decision-making,promotes the smooth operation of enterprises,and realizes the sustainable development of listed companies in China.