| With the establishment of the modern enterprise system, modern company will become main form of enterprise. Modern company has the characteristics of "separation between ownership and management", which possibly bring about difference of aim between owners and managers. In particular, asymmetry of information between owners and managers comes the possibility true. So, the agency problem between owners and managers is how to coordinate the relations between owners and managers and lower the interest conflicts.In general, owners' aim is their enterprise value maximization. Enterprise value may be regarded as the result of the manager's ability and the degree of effort using the resource and opportunity of enterprise. Therefore, the manager's ability and effort degree are the key factors that influence the proxy problem. Hence, under the circumstance of asymmetry of information, we must found the choice ,incentive and control mechanism to manager so as to choose appropriate manager and mobilize his/her activity, reduce the proxy cost that brought about by choice and incentive mechanism and raise the performance of agency and solve the agency problem perfectly.. This paper elaborated the occurence, variety of agency problem, emphatically studied the solving way of agency problem, mathematically proved to the owner's credit mechanism and manager's choice mechanism and reputation mechanism positively analyzed to manager's choice mechanism ,payment mechanism and market competitive mechanism.Because the modern company will become the main form of enterprise, the agency problem will exist extensively. It has the important meaning for working for more and better economic results and realizing enterprise value maximization that how to improve contract, establish the system perfectly, normalize the behavior between owner and manager, prevent manager from adverse selection and moral risk, raise manager's ability and activity, reduce the proxy cost and so on.
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