Share Structure And Corporate Governance

The corporate governance has become a focusing issue around the world. It is no doubt that there is a relationship between share structure and corporate governance. China's listed company existed serious corporate governance problems. However, in what degree does unreasonable share structure result in these problems? A lot of China's listed companies have the same share structure, but some of them have good corporate governance, while the others have not. In this paper, the author gives an analysis between corporate governance problems and share structure. He fined that in different share structures the main problems is different, if we want to improve the corporate governance problems in China's listed companies, we must solve the maim problem firstly. So the research on the share structure and corporate governance has a significant meaning in both theory and practice.At the beginning of this paper, the author makes a general research on the theories of the share structure and the corporate governance. Then the author presents three patterns of share structure and corporate governance in the developed countries. Which are the Great Britain & America type, Japan type and Germany type. Each pattern works well in their country. The contrast reflects that in different countries the share structure is different; these three patterns resolved their corporate conflicts.The author studied the way how share stmcture affects corporate governance. The answer is share structure affect corporate governance in some degree, but we can not exaggerate it. The characteristic of the share structure of China's listed companies can be summed into high concentration of stated-owned and this part ofshare can not be circulated in the capital market. These have adverse effect on the corporate governance of the listed companies.The author describes the current situation of share structure in China's listed companies and how it affects the corporate governance. The author point out that the adverse influence between the powerful share holder and the personal share holders is the biggest problem in China' listed companiesAt last, the author proposes the measures to improve the share structure and to improve the corporate governance in China's listed companies. And he thinks it more important to arrange the benefits and the duties than to adjust the share structure. There dose not exist a perfect share structure which suit every countries.At last the author gives some measures to resolve the corporate governance issues in our countries listed companies.