A Study On Enforcing The Function Of Board Of Supervisor In Listed Companies

The disappearance of supervision mechanism has already become an irrefutable fact inside the listed company of our country. As inside supervision of listed company, supervisors have difficulty to exercise their duties, and their work becomes a mere formality. While scholars spend a lot of their energy on the study of corporate governance and board of directors, they pay little attention to the study of supervisors. The board of supervisors, as an important component of company's administration structure, needs further investigation. Therefore, we can improve the performance of listed companies. The purpose of this article is to build suitable supervising mechanism, on the basis of summarizing the research conclusion on the functions of supervisors and comparison on the relative study in different countries.This article made a comparison on supervising mechanism and discussed the supervising model of the listed companies, using the stakeholder theory and agency theory and combing the political, economic, cultural, legal situation of our country. In addition, based on the survey data and hypotheses, this article made two empirical studies on the relationship between board of directors and performance, between board of supervisors and performance, using statistic software. Through studying, we know the reason why the supervising mechanism cannot operate efficiently. Even though, our country adopts the independent director and compatible mode of board of supervisors to strengthen the inside supervision, we can't realize the function of inside supervise.As for the reality that the control directors dominate the board of directors, management and board of supervisor and invade the interests of other stakeholders, this article proposes structuring the system of board of supervisors of the common control modes of persons who are correlated with of company's interests outside the holding shareholder. The supervisor board is orientated as supervision to holding shareholder and administration and supervision authorities of control. It is common control mode board of supervisors should be made from minority stockholder representative, employee's representative, bank the representative and independent supervisor. The medium and small shareholders' meeting, congress of workers and staff elect to elect emerging with the bank separately. The independent supervisor is nominated by every above-mentioned chairman of board of supervisor that elects onbehalf of the supervisor, and vote and elect through every representative of supervisors. On its functions and powers, should strengthen and expand its financial authority to supervise and authority to supervise of the business, and ensure from every mechanism.