The Study Of The Stock-listed Public Corporations' Corporate Governance

Corporate governance is the key of corporation's success and now it has caught the eyes of everyone. I am working at investment banking and has developed my own opinions in daily working. So I choose this topic as my dissertation and the paper is about forty-five thousand words. The paper is divided into three chapters.In chapter 1,I introduce basic theory of corporate governance at first, including the definition of corporate governance, the component of corporate governance. Then I introduce three basic theories about corporate governance: the agent theory, the capital resource theory and the insider-control theory. Each of them has its own advantage. In the last part of the first chapter, I introduce the main two models of corporate governance: the England-America model and the Germany-Japan model. The first chapter provides theory basis for the remain parts of the paper.In chapter 2, some problems of current corporate governance of China's stock-listed public corporations are analyzed. The detailed discussion is carried out from the perspective of equity structure, board of directors and board of supervisors, management "insiders-control "information disclosure, and relevant laws and regulation.Chapter 3 is the most important component of this paper. First , the misunderstandings of the ways to change state-owned equity "domination "situation and of the present function of independent trustee are pointed out, the difficulties of improving corporate governance of Chinas' listed corporations are brought out, and finally the ideas and thoughts on solving the problems upon the aspects of equity structure,board of directors and board of supervisors, control of insiders, anagement incentive, information disclosure and relevant laws and regulations are put forward.The mam contribution of this paper is to exploit new approaches for state-ownedequity management systems reform in accordance with the complication of the problems of equity structure of China's stock-listed public corporations.Because of the limitation of my knowledge, there must be some flaws in my dissertation, and I hope that teachers can give guidance to the further study of this topic. I will further study the corporate governance of our countries' corporate governance in the future work and contribute the perfection of corporate governance.