Analysis And Optimization Of Corporate Governance Structure Of WT Group

Promoting state-owned enterprises to become stronger,better,and bigger,promoting the preservation and appreciation of state-owned assets,and preventing the loss of state-owned assets effectively are all important goals of China's state-owned enterprise reform.As the reforms deepens,the adjustment of the layout structure of state-owned enterprises has accelerated,and state-owned enterprises have continued to focus on energy storage through mergers and reorganizations.In the process,a large number of state-owned enterprises have been rapidly expanded,and more and more large state-owned enterprise groups have emerged.The management level is also becoming more and more complex.So,the requirements for the governance of the parent and subsidiary companies in state-owned enterprise groups are becoming higher and higher.Some enterprises are still suffering from ‘indigestion' due to the rapid development.Their corporate governance ability falls behind.The enterprises' own adjustment and adaptation mechanisms cannot keep up with the expansion of the scale in a short time.There still exists serious problems about development quality and risk control ability in some subsidiaries of large enterprise groups.WT Group Corporation is an important state-owned capital investment and management entity in Anhui Province.WT Group Corporation was established in July 1998.WT Group's business scope is relatively broad,including infrastructure construction investment,industrial investment and financial investment.Since the establishment of WT Group,due to the expansion of business,the number of subsidiaries has been increasing.By the end of 2019,the number of subsidiaries of WT Group has reached 21,and the increasing number of subsidiaries has added difficulty to the management of WT Group company.This article makes a deep analysis of the problems and their causes in the corporate governance structure of the WT Group,and proposes the optimization plan for the governance of the subsidiaries of the WT Group.It also expounds WT Group's guarantee measures which aims at optimizing the governance of its subsidiaries.This article takes the key elements of internal governance of individual investment companies as the main line,carries out case analysis,puts forward problems and gives solutions,aiming to solve some common problems encountered by large enterprise groups in the process of scale expansion,and serves as a supplement to relevant research.The research results of this paper have important guiding significance for the optimization of the corporate governance structure of WT group,and can provide a certain reference for the governance of similar companies.