The Study On Performance Management Of The Board Of Dircetors In Listed Companies

The problems of corporate governance are inevitable. Under the condition that the Chinese state-owned enterprises reform is going to regulation, the topic begins to be studied, for establishing scientific, power-balanced corporate governance structure being the key of regulating state-owned enterprises reform. The aim of this paper is studying how to increase the operating efficiency of the board of directors that has become the central of corporate governance structure, considering the problems in Chinese corporate governance and the performance management theory, and advising for increasing the operating efficiency of the corporate governance system.The traditional study for board is usually pay close attention to the board's structure, independence, and the relation with managers, etc. However, basing on performance management theory, with the means of demonstration, the impaction that performance management has to the efficiency of the board is analyzed. Then, the road of improving corporate governance structure is found out, and at last, the goal of increasing the efficiency of the board is realized. After analyzing the board's characteristics, functions and background, with the performance management theory, the performance management process model is originally established. Moreover, it is first that establishing the board's performance appraisal system with multipolar inspection and analysis. At the same time, under that, it is proposed that using the means of obscure appraisal to appraise the board. Studying board's performance is not only valuable in efficient operating our corporate governance, but also increasing corporate value. In the study the theory on board and performance management is enriched, as well as the valuable advises to out corporate governance practice is afforded.