The History And Current Situation_Study On The Administration Of The Board Of Directors Of Listed Banks In China

Corporate Governance has been the essential aspect of the correlative research for a long time, as the first time brought forward to resolve the innovation of the state-owned enterprise, the research encompassed it had been extended to many blanch。The existent theory emphasize the whole arrangement structure, and pay little attention to the Broad Governance。Actually as the larger process of the modern company, the separation between ownership and management is all the more visible。 The Authorized Operation makes the most conflicts surround the Corporate Governance arising in the broad, not only the relationship between shareholder class and the broad, but also the arrangement of rights inside the broad, both are key points of the Corporate Governance。So, it is necessary to extrude the broad as the "main battlefield" of the interior rights conflicts in the whole framework, and see about the Broad Governance more deepe。Different with the Corporate Governance which stress the interior power arrangement, Broad Governance has been focusing on the foundation elements of the broad operation and the real operation status of it, the evaluation criteria of achievement is the rationality of the radical factors choice and the merits of the operation status。By2010, there has been16public commercial bank in our country, the four pre-state-owned banks all have came into the public market。In2010, ICBC with over160billion of total profits among the first in all the listed companies, average daily net profit of440million yuan, CCB also profit more than hundreds of billions of ranks, and locate in the "hundreds of billions club"。First three quarters of2010,16banks profit the sum of524.8billion yuan, over the same period, the whole equity earnings are1.2071trillion yuan, the banks accounted for43%。In2009, the16listed banks was507.5billion yuan total profit, over the same period, the whole equity earnings are1.1784trillion yuan,, the banks accounted for43%again。16listed banks has been financing since its launch a total of1.2202trillion yuan。From this perspective, China's stock market is a bank stock, which does not seem far-fetched。In this background, the research of the board of directors governance of commercial banks is much necessary。The role of various factors in such a strong performance, How could the performance of the governance structure within the bank being。 Problem does not end there, in the conditions of the high savings rate and the majority of companies still bank-based financing model, any movement of commercial banks will lead to broad social impact, path dependence in the existing models is in such a strong case, conversion on the governance structure of any optimization strategy must be cautious。In both Corporate Governance theory and practice, after the21st century on the "best practice model " arise extensive discussions, around the existence of the so-called best model and other models and the problem of evolution to the best model, from law experts to the economics profession devote a great deal of effort on it。Specific to the governance of commercial banks, there are different values and practice choices。Model merits and the dispute between different modes of coordination are also noteworthy。In the face of a lot of different reference, how to understand other people and ourselves, how to draw different opinions is the most important issue, China's listed commercial banks have their own unique historical evolution and the unique position in the economic life, this unique side how to react in the governance model is the outstanding issue。Experience support is the basis of the theoretical study, on the contrary, the end result of theory is to guide practice。Board Governance of listed commercial banks' actual state is unknown。A lot of effort has been devoted by scholars in the basic theory of Differentiation and Transplantation, but few start from a practical dimension。The following may be regarded as a viable method:in the analysis of empirical data, accurately grasp the current reality of the situation listed commercial banks, base on the information disclosure of listed companies, according to the objective of research, select the reference elements, quantify specific data, Running from the board and the actual operating conditions, under certain guidance of the methodology, focus on the outstanding issues and for now is hidden but essential problem。In the overall framework of the governance, previous studies is often starting from a single governance, the analysis described in the policy extension which is in the course of the specific circumstances of different work situations, and lack of the overall perspective, after taking into account the circumstance and institutional constraints in the background, based on the specific circumstances, systemly select the combination method of countermeasures。This paper is under the contract theory "principal-agent" analysis method, with the opportunistic behavior in the different manifestations of situations, consider the management strategies in the direction and intensity of possible outcomes and differences in the homogeneity, according to the sssumptions based on the established complementary elements, analysis specific agency problem in a dynamic system。...