Corporate Governance & The Research On The State-owned Enterprises Reform

The problem of corporate governance has always been an important and hot topic on which Chinese and foreign specialist, governmental policy-makers and entrepreneurs have been working to find the best solution. Corporate governance is a concept in multi-angles and implications. The narrow sense of corporate governance is about owner of share-rights a kind of mechanism of supervisor and uniform to managers. The special feature is inside governance by the general meeting, the board of directors and the supervisory board. The broad sense of corporate governance contains two implications. First implication is outside governance, It is the governance by market to enterprises; Second implication is inside governance.The state-owned enterprises (SOEs) reform in China is in fact the reform of SOEs refers to establishing complete and standard corporate governance and scientific management system. It is an urgent problem to be solved in the reform of SOEs that the corporate governance needs to be standardized. As a result, the research on corporate governance is of great important both in theory and in practice. The 4' plenum of 15' CPC Central Committee pointed out that "the corporate system is an effective organizational form of the modern enterprise system and the corporate governance is the core of the corporate system. Therefore, the problem of corporate governance has a profound practical and academic significance for SEOs reform."The research theme of the article is carried out under the background that state-owned enterprises of china are striding to standardization andsystematization. That forming scientific, mutual checking enterprises's corporate governance is the critical task for standardizing the state-owned enterprises' reform under new situation. Rather than emphasizing to research how to setup scientific enterprise's corporate governance, this article, combining the problem arisen in active enterprise's corporate governance, and referring the foreign useful experience, researches how to improve the operating efficiency of corporate power organ and the overall efficiency of corporate governance. So it has high applicability.The article first introduces the basic principle of corporate governance in the second chapter, the characteristic and composition of modern corporate governance, then Compare western corporate governance in the third chapter, which has two models, and get some useful methods to our state-owned enterprise; And in the forth chapter, By looking back into the history of our country's state-owned reforms, points out that it is necessary to establish modern enterprise regulation for state-owned enterprises. At the same time it is found that the main problem located in the past reform which only improve government controlling and encouragement on enterprises instead of establishing a scientific corporation governance; Based on that, pointing that Because of imperfect in regulation, laws and market, the model brings out lots of problems such as insider-control, excessive freedom for large stockholder, no efficiency of supervisory, hollowing out the listed firm, etc; then in the last chapter give effective means : to perfect the stimulation and control mechanism, to perfect the-structure of the board of the directors through introducing independent directors, to perfect market system andlaw system.