The Research On The Stakeholders Co-governance Of Golf Club In China

Golf club is a club form divided from entertainment club, now the most popularorganizational forms of the golf club are limited liability companies. As the same asother companies, it has a lot of common problems including some general issuesabout corporate governance. As an institutional arrangement, corporate governance isdesigned to coordinate the relationship between various stakeholders of the Golf Clubto ensure scientific decision-makings, then ultimately safeguarding the interests of allaspects of the company. Now company is not only the shareholders’ company, butalso a community of interests, so it is more necessary to introduce stakeholders intocorporate governance.According to the requirements of corporate governance, Golf Club builds generalmeeting of shareholders, board of directors, board of supervisors and managers. But itfollows the logic of the “Shareholders come first” on corporate governance and itsgovernance structure is an unilateral governance called "shareholder sovereignty", sothe main body participated in governance is single and the conflict of interest betweenclub and stakeholders is obvious. This highlights a series of deletion of stakeholdergovernance mechanisms in the governance process of golf club and produces adverseeffect operation progress. This paper presents a golf club stakeholder governanceconception to solve this problem. In order to make the research more persuasive theauthor obtains factual information of the club development by site visits and expertinterviews, searches and analyzes a lot of literatures and data about golf clubs. Theauthor analyzes the conflict of interest between club and stakeholders as well as thecause of the conflict, and points out that the conflict is because of the lack ofstakeholder governance mechanism. This paper builds a stakeholder co-governancemechanism to solve the problem, establishes a kind of governance form which takesthe golf club as the carrier including shareholders, employees, suppliers, customers,government and so on. This study aims to achieve an overall satisfactory effect of allstakeholders, reduce and resolve the conflicts between club and stakeholders, andprovide the reference to improve golf club corporate governance and to promote thehealthy development of the club.