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The Optimization Study On The Structure Of Corporate Government For TH Group

Posted on:2022-07-04Degree:MasterType:Thesis
Country:ChinaCandidate:Y S WangFull Text:PDF
GTID:2481306542974459Subject:Accounting
Abstract/Summary:PDF Full Text Request
The growth time and development history of private enterprises in my country are relatively short,so they lack management knowledge and skills.Many founders of enterprises lack long-term strategic planning.In addition,many of them are family businesses,with too concentrated equity,and ownership and management rights are not completely separated.,It will inevitably lead to problems such as unbalanced governance structure,unreasonable internal control,and lack of incentive and restraint mechanisms.This article selects the well-known private enterprise "TH Group Co.,Ltd." in our province as the research object.Based on the existing research on corporate governance and corporate governance structure,based on the principal-agent theory,property rights theory and incomplete contract theory,it is Limited company’s empirical analysis.After a long-term investigation and in-depth understanding,the author of this article found that the TH Group’s operating income has increased slightly in recent years and its profits have fluctuated greatly.This is inseparable from the unreasonable corporate governance structure.The specific manifestation is that the serious family control has led to a serious imbalance in its corporate governance.The single shareholding structure leads to the excessive concentration of its shareholding,and the lack of effective incentive mechanism leads to prominent employee problems.This article proposes optimization elements for the above three issues,and designs an optimized plan for the governance structure of TH Group.For the check-and-balance mechanism,it proposes to improve the "three meetings and one layer" structure,while the equity structure proposes gradual and diversified reforms,while establishing an effective incentive mechanism.On this basis,operating strategies are proposed for the optimization plans in the three directions.The check and balance mechanism should improve relevant rules and regulations and give full play to the function of accounting information.The reform of equity diversification should deepen equity diversification and establish an inclusive corporate culture.The optimization of the incentive mechanism must focus on both the spiritual and material needs of employees to ensure optimization.The smooth implementation of the plan.The highlight of this article is to strengthen the function of accounting information in the operation strategy of improving the check and balance mechanism.By recording and analyzing economic business,"capture" and report management information,and directly participate in the decision-making control process,optimize the corporate governance structure for TH Group and strengthen the enterprise.Management and improving management efficiency provide new ideas,and also provide reference for the management of other private enterprises,supplementing existing corporate governance theories.
Keywords/Search Tags:Corporate Governance Structure, Board of Directors, Board of Supervisors, Manager, Checks and Balances Mechanism, Incentive Mechanism
PDF Full Text Request
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