Research On The Optimization Of The Governance Of Listed Firms

How to establish a reasonable and efficient corporate governance is the work that nowadays global enterprises are setting themselves to and a crucial problem that needs to be solved, and it is also one of the main fields which flourish in the academia of modern enterprise. The practices of global enterprises have proved that an efficient corporate governance is a forceful guarantee to keep a stable and long-term development of modern enterprise and gain satisfactory efficiency, and to defend the rights of the owners and operators of an enterprise efficiently.At first, in this paper, the situation of research on corporate governance and the governance of China's listed firm is summarized and the research frame and main contents of this paper is determined. Then the essence and efficiency of corporate governance and its main components and main models, and the progression of China' s corporate governance are analyzed in detail.Secondly, from the point of view of corporate governance, a sensitive problem about the privately operationalization of listed firm is systematically studied and the connotation and extension of privately operation and the privately operationalization of listed firm are judged. At the same time, that the privately operationalization of listed firm is, in fact, a kind of modulate mode of equity structure and corporate governance is pointed out, and the general situation of China's listed firm is reviewed. It is proved that privately operationalization is an efficient means to optimize the governance of listed firm.Later on, the limitation of prompting mechanism of listed firm and ESO(Executive Stock Options) are studied and the theoretical basis of ESO and its cause are analyzed. Subsequently, the necessity and feasibility of implementing ESO among China's listed firms are discussed.