Research On The Problems And Countermeasures Of The Board Governance Of Lk Corporation

With the rapid development of global economy,foreign modern corporate governance concepts and systems are gradually introduced into China,and the establishment of modern enterprise system with corporate governance structure as the core has become a consensus.As the key of corporate governance,board governance has been proved by the practice of companies in various countries that its efficient operation can promote the long-term development of the company.Therefore,improving the governance effect of the board of directors,so as to enhance the competitiveness of the company,has become the common focus of theoretical and practical circles.LK corporation is a traditional state-owned enterprise,which has been transformed into a secondary subsidiary of the central enterprise.In the long development process,although LK corporation has been exploring the establishment of the board of directors system,there are still many nonstandard places.In order to further improve its board governance,this paper takes LK corporation's practice as an example to study its board governance.On the basis of explaining related concepts and theories such as board governance,modern property rights theory,principal-agent theory,etc.,firstly,this paper firstly sorts out the evolution of its board governance,and studies the current status of its governance structure,including its functional positioning,scale and membership,leadership structure,board secretary,institutional settings,and system construction,and analyzes the operation of the board of directors and its results achieved;then,using the relevant theories,this paper conducts an in-depth analysis of the problems such as the weakening of the functions of the board of directors,the unreasonable composition of the board of directors,the nonstandard operation of the board of directors,and the imperfection of the incentive and restraint mechanism;finally,this paper puts forward some countermeasures such as implementing the functions and powers of the board of directors,optimizing the composition of the board of directors,standardizing the operation of the board of directors and improving the effective incentive and restraint mechanism.Based on the research on the board governance of LK corporation,this paper has a strong practical significance for LK corporation to further standardize the board governance,and provides certain reference for other state-owned enterprises.