On The Improvement Of Employees' Stocks-Holding System In China In The Eyes Of The Company Governance

Employee's Stocks-Holding system is an internal mechanism of encouragement and restraint in the company .It is the product of the further development of capital socialization under the push of the contradiction between employers and employees. The worldwide practice and reform of the employees'Stocks_Holding syetem demonstrates that the system has obvious function to improve the relationship between employers and employees, to encourage the employees to care about the long-term management of the company, and to discharge their duties of supervision to the company.The employee's Stock-Holding system in China hasn't produced practical effect succeefully, though it has been put into practice and exploration for over 20 years. It even initiates company deadlock or stop because of the sharpening of the contradiction between the"stockholder-oriented"company governance and the employees'Stock-Holding system.The reasons lie in that the employees'Stock-Holding system in China come into being spontaneously, and had the characteristics of being from bottom to top. This system hadn't fully considered the practical demand and the development trend of the structure of company governance , when it was designed and put into practice. Meanwhile , it hadn't deliberated the running condition of the employee's Stock-Holding system under the rule of company governance .Further, it hadn't achieved eliminated the estrangement and contradiction between company governance and employee's Stock-Holding system on the basis to maximum the profits of company.This thesis analyses the traditional theory of employee's Stock-Holding system and the effect of company governance on the employee's Stock-Holding system ,and puts forward the perfect conception of the employee's Stock-Holding system in China in the eyes of company governance, expecting to search the new train of thought for the development of employee's Stock-Holding system in China.