The Analysis On Governance Structure Of Yu-Baige Corporate And Its Counterparts

The essay analyses the reason why Yu-Baige Corporate's governance performance had been descended from 1998 to 2002. The reason is that Yu-Baige Corporate's running mechanism is shabby. Yu-Baige Corporate has an imperfect governance structure and inefficiency running mechanism.The essay mainly analyses the problems and countermeasures of Yu-Baige Corporate. Firstly, the essay introduces some theories about corporate governance as the base of the essay, which are the theory of separation of the right of management and the right of ownership, the theory of principal agent and the theory stakeholder. Secondly, it expatiates some problems about corporate governance, which include shareholders' meeting, directorate, supervise and insider controls. Thirdly, in order to recognize the problem of corporate governance, it analyses the reasons for these problems from the view of corporate inside equity structure, law system, inside and external governance mechanism. Lastly, the essay gives some countermeasures to prefect corporate governance of Yu-Baige Corporate from eight aspects.The thesis considers analyzing problems and searching countermeasures as the breakthrough point. The corporate performance is decided by its governance structure. So it is important to perfect governance structure in order to improve the performance of Yu-Baige Corporate. It ought to say, the analysis of Yu-Baige Corporate is fit to other state owned listed company.