The Research Of Listed Corporate Governance Performance In China-The Establishment Of Governance Rating System

The tide of corporate governance in the whole world from the 1990s has the vital significance to the development of modern market economy and the operation of stock market health. After 10 years development, it has already entered the mature stage, the movement of the corporate governance has gradually changed from the macroscopic stratification plane of governance principle formulation to the microscopic practice, that is how the listed corporate formulate the strategy of corporate governance and enhance the corporate governance level as well as how the investor carries on the investment decision-making based on the corporate governance according to the corporate governance principle. The governance rating system is the deepening and inevitability of the study of corporate governance horizontal quantification research.This paper constructs a set of more comprehensive governance rating system from the stockholder's rights structure, the shareholder right, the board of directors, the board of supervisors, management level, the information disclosed, governance achievement obtains and so on, according to the characteristic of listed corporate governance in China. The paper first discusses the aim, namely "the demonstration signal" of the market by the governance rating system, and studies the main content of the governance rating system in China, thus innovate the system to the corporate governance.By the economical globalization background, the result which studies mutually causes the corporate governance to present international assimilation characteristic. The international assimilation of corporate governance practice objectively not only requests the international assimilation of corporate governance research, but also build a common language stage to the international cooperation of the corporate governance research. The establishment of Chinese governance rating system, is the important action that the listed corporate in China connects to the international convention. It will be advantageous to demonstrate the governance level of listed company in China, and let the world further understand Chinese corporate governance condition.