Research On Corporate Governance In China Unicom's Mixed Ownership Reform

As the cornerstone and important force of the national economy,state-owned enterprises play an important role in China's economic operation,and have made great contributions to economic development.Since the reform and opening up,the reform process of state-owned enterprises has been accelerating.With the advancement and implementation of various government policies,the reform of mixed ownership has gradually become the main direction of the development of state-owned enterprises at this stage.The reform of ownership has put forward higher requirements.In the process of state-owned enterprise reform,although state-owned enterprises are increasingly integrated with the market,and the effect of mixed state-owned enterprises is becoming more and more significant,there are also “one-dominated shares” and “insider control” of state-owned shares,which lead to inefficient governance.Waiting for a series of urgent corporate governance issues,effective corporate governance mechanisms are the key to the survival and development of modern enterprises.The reform of mixed ownership of state-owned enterprises not only achieves the diversification of equity structure,but builds a modern enterprise based on this.Governance of the governance system to achieve long-term development of state-owned enterprises.Based on this,this article studies the corporate governance of mixed ownership reform,and attempts to provide new experience for the improvement of corporate governance under mixed reform.This article adopts literature research method,case analysis method and comparative analysis method for research.It sorts out the research status of mixed ownership reform and corporate governance,and constructs the theoretical framework of the article.It takes China Unicom as a case study object to introduce strategic investors.The first mixed reform path is the starting point.It compares and analyzes the equity structure,corporate governance structure,and corporate governance mechanism of China Unicom before and after the mixed reform,evaluates the effect of the mixed reform,and finally draws the research conclusions and case enlightenment of the article.This paper studies the reform of China Unicom's mixed ownership system to clarify whether mixed reform through the introduction of strategic investors can improve corporate governance and the mechanism of improving corporate governance.The shortcomings provide experience for the new round of mixed reform of state-owned enterprises.Through research,the article draws the following conclusions:(1)corporate governance can be improved through mixed ownership reform;(2)the improvement of the company's operating conditions is closely related to the improvement of corporate governance;(3)China Unicom's mixed ownership reform Corporate governance still needs to be further improved.And summarized China Unicom's successful experience in improving corporate governance and areas that still need improvement under the mixed ownership reform.There are several aspects:(1)the establishment of a board system with internal and external checks and balances;(2)the establishment of a supervisory board that takes into account the interests of all parties;(3)Exploring the market-oriented selection mechanism for managers;(4)Implementing employee equity incentive plans;China Unicom's mixed ownership reform practice provides important paths and methods for other state-owned enterprises to improve corporate governance through mixed reforms.