A Research On The State-owned Company Governance

Company have become the most important enterprise organizational form in recent China, which plays an important role in the social economy. According to the statistic data, before the end of the first season in 2009,there are 6.492 million company(including 5.3463 million an company legal person), which accounts for 69.93% of the amount of domestically-funded enterprise, and the registered capital attend to 29.29. trillion RMB Yuan which account for 82.25% of the total registered capital of domestically-funded enterprise. In current China, we carry out a basic economic system of a public ownership is dominant, a variety of economic sectors develop together. State-owned company plays an important role in the national economy. Due to the problems such as absence of actual owners, the high degree overlap of board directors and senior administrators, the independence of the supervisors which result in the poor effects of shareholder (broad) associations and serious controlled by internal members, shareholders, board of directors and the supervisory board can not function effectively, and serious insider control occurs, which results in great trouble for the management of state-owned holding corporate.Respecting the important role of state-owned holding company in Chinese national economy, it is necessary to take a serious study for the management of that kind corporate, propose the measures and suggestions for further improvement of the management for this kind of corporate, so as to accelerate the continuous and healthy development of state-owned holding company.The full text is divided into four chapters.Chapterâ… :The content, main features and development processes of state-owned company. First of all, the state-owned company were specifically defined with the state-owned sole proprietorship involved in this chapter for the purposes of research; then the general similarities and differences between state-owned companies and common companies were analyzed; and the three development stages of state-owned company in China were introduced in the end.Chapterâ…¡:The proposal of basic governance theory for state-owned company. First, the connotation of corporate governance was interpreted, then several typical modes of corporate governance were analyzed in current world, such as Great British, the USA, Germany and Japan to explain the meaning of corporate governance; then analyzes the current world some typical model of corporate governance, namely Britain, Germany and Japan, the status company management in China was analyzed, and in the end, the main features of corporate governance and corporate governance in China are analyzed, the end, the specificities of corporate governance for Chinese state-owned company were made out.Chapter III:The main problems of governance for Chinese state-owned company. The five main problems in the governance t for Chinese state-owned company, which are poor decision making abilities of shareholder associations, inefficient of the board of directors, supervisors existing only in name, the non-market selection system for managers, the serious internal controls are analyzed one by one so as to carry out some suggestions for improvement accordingly.Chapterâ…£:Some suggestions for improving the governance of Chinese state-owned company. According to analysis and demonstrations, and combining with my own experiences of working in large state-owned companies for many years, we proposed several suggestions for improving the management of Chinese state-owned holding companies, which includes establishing expert teams, broadening the participation of shareholder, enhancing the construction of external directors, elevating the decision making levels of board of directors, strengthening local legislation, promoting the legality for outside directors, introducing external supervisors, increasing the effects of supervisor associations, carrying out the authorities for appointed managers in broad of directors, selecting managers by the market and setting up a perfect encouragement system for higher administrators.