The Tentative Exploration To The Corporate Governance Of H Company

State-owned enterprises are the pillar of the national economy. We should deepen the reform of state-owned enterprises, the state-owned enterprises must continue their reform to convert themselves into standard companies in compliance with the requirements of the modern enterprise system and improve their corporate governance. The corporate governance of the company is one of the balance mechanisms to solve the problems of the consign and agent relation accompanying the separation of the ownership and control authority of the modern companies.With the fast development of the stock market of our country, the listed companies have been being more and more important position and function to the national economics. Until the end of 2003, there have 1287 listed companies in our country. Most of these companies were converted from the former state-owned enterprises. While the serious problems of them is the good corporate governance still fail to build completely, and these need to be solved as soon as possible.H Company is a typical stated-owned listed company. This paper putsforward series methods to solve these problems of the corporate governance of the H Company by analyzing the main problems of them and using relevant theories of corporate governance. These methods include: establish one rational equity stock rights structure whic h is balanced by multi-equity capitals; establish one rational really bring shareholders conference into play; optimize the function of directorate; strengthen the supervising of board of supervisors; improve the incentive mechanism to operator; reform and perfect the "Three Meetings" system; and so on. The author hope the conclusion of this paper is useful to the corporate governance of H Company, meanwhile it can offer some available experiences for the stated-owned listed companies which has the same background as H Company mentioned above.The features of this paper include the integration combination of cases demonstration analysis and normative theory analysis, and the combination of qualitative analysis and quantitative investigation. All of the strategies and suggestions are scientific and operable. Especially in the aspects of operator incenting and directorate governance and so on, the author puts forward some innovative suggestions in according to what he learnt during the author's working practice.