Study On The Pattern Choice For Corporate Governance Of State-owned Banks

Corporate governance is an important task in western countries. Western economists put forward a series of corporate governance theories such as Principal-agency theory and stake-holders theory. In western countries, there are two patterns of corporate governance, one is inner-firm governance, the other is outer-firm governance.The target of China state-owned enterprises reform is to build modern firm institutions. The character of the institutions embodies well corporate governance structure and mechanism. The reform of the enterprises corporate governance should follow the rules of co-governance according to logics of Principal-agency theory and stake-holders theory.The most important thing in china finance industry reform is to turn the state-owned bank into a real corporate .In order to enhances the core competence of state-owned commercial banks, one measure is to propel the reform of the ownership, the other measure is to make the corporate governance more efficient, the first is a means, the latter is the motive. Before the innovation of the ownership, the fist thing is to accelerate the reform of corporate governance.The corporate governance reform of state-owned bank should consider the special conditions of China and refer to the standards of OECD, the best appropriate pattern is inner co-governance. The concrete arrangements include: build a efficient and healthy board of directors, enforce a executive incentive mechanism, build transparent system of information- disclosure, build the market of professional manager, shift the state -owned enterprises to stock-holder owned enterprises.The theme includes four chapters: the fist chapter expounds the definition of corporate governance, and introduces the variations of theories about corporate; the second chapter discuss the problem exists in china state-owned commercial banks and analysis the reason. The third chapter analysis the type that china state-owned commercial banks should choose; the fourth chapter suggest how to modify corporate governance of state-owned commercial banks.