The Analysis On The Influence Of Corporate Governance Structure On Internal Control Of Listed Companies In Liaoning Province

Ministry of Finance, SFC, Audit Commission, CBRC, CIRC jointly issued a "Supporting Guidelines on Internal Control" in April,2010. The release of the supporting guidelines is the second great system engineering after the completion and implementation of the system of China's accounting standards and auditing standards. It marks the Chinese standard system of internal control to adapt to the actual situation in China and to integrate advanced experience international has been basically completed. Based on this historical background, How to solve the problem that still exist in internal control of companies in our country and improve the depth, breadth and validity on implementation of internal control system becomes the focus of academia.A perfect internal control system must have the sound corporate governance structure to take the support; the perfect internal control system can promote the consummation of the corporate governance structure and the establishment of modern enterprise system. Therefore, establishing a sound corporate governance structure is a powerful safeguard that can improve operation of the internal control system.The paper based on previous theoretical studies, as listed companies in Liaoning province an example, study the influence of corporate governance structure on internal control from both theoretical aspect and empirical aspect. First, based on the domestic and foreign references to corporate governance structure and internal control, the paper has analyzed the relationship between corporate governance structure and internal control in theory and elaborates the influence of corporate governance structure on internal control from stockholder's rights structure, board of directors, board of supervisors, and manager's aspects. Second, based on companies that listed in Shanghai and Shenzhen cities as the research object, the paper has found some factors that influence the internal control from the Angle of corporate governance structure by analyzing relevant data of listed companies in Liaoning province from 2005 to 2009. Finally, based on the actual situation of the listed companies in Liaoning province, this paper puts forward some ideas and suggestions that can improve internal control effect on the listed companies.In this paper, the main research results have been obtained in the following points: First, the control of listed companies in our province is concentrated on the whole; structure of shares is unreasonable; many of them have "one alone big" question. Second, the internal control system in most of the listed companies has been well designed and operated. However, other parts of them have some defects on corporate governance structure and internal control, and management in these companies is also irregular. Third, through empirical analysis of the samples, this paper found that the share ratio of the largest shareholder, the size of the board, the proportion of shareholding directors, the issue of chairman of the board as managing director, the proportion of shareholding supervisors, the salaries of senior management, the proportion of shareholding managers significantly influence the effect of internal control, and other factors on the research involved can't influence the effect of internal control of the listed companies in Liaoning province Significantly.