Research On Corporate Governance Structure Of Solely State-owned Company

A solely state-owned company is funded by the State as a Limited Liability Company with unique ownership structure and traditional management expertise and experience. Solely state-owned company has special structure of corporate governance. While establishing and improving the modern enterprise system, a lot of solely state-owned corporate governance issues are exposed. Such as government and capital, government and enterprise are not be separated, and the corporate governance is not perfect yet. Corporate governance is the core of the company, it's not a good company if there are no sound corporate governance structures which directly affect the company's competitiveness. Improve the governance structure of solely state-owned company, it is useful to the reform of China's state-owned enterprises and to enhance state-owned enterprises competitiveness in the market, and also it is important to increase the value of state assets. This paper attempts to analyze solely state-owned corporate governance structure based on the current situation and problems of china's solely state-owned put forward a sound corporate governance proposals.This article includes four parts:The first part is the introduction, including the meaning and content.The second part, China's solely state-owned company and its governance structure. Firstly, an overview of the legal concept of solely state-owned company and to analyze the nature and characteristics of Solely State-owned Company. The author pointed out that the state-owned joint-stock reform is not blind, the solely State-owned company in special areas has the need to exist, the author proposed solely state-owned company moving the direction of public corporations. After which, analyzed specificity of solely state-owned corporate governance structure, On the basis of introduction of the concept of corporate governance.The third part, Corporate governance structure of china's solely state-owned status. This chapter points out the main problems of solely state-owned corporate governance structure: State-owned assets supervision and administration system is not perfect, the enterprise is indivisible from the government; the lack of the board of directors and the supervisory board, the overlapping of supervisors may lead the inefficiency of supervision; the ineffective control over the management;Party politics played a central role is improperly;the lack of a system to protect the democratic management of workers.Part four, Countermeasures to improve corporate governance structure of solely state-owned company. This chapter provides improvements to solely state-owned company based on the problems of corporate governance structure. Including: Improve the state-owned assets supervision and management system, the direct supervision of the NPC state-owned assets, solely state-owned holding company to fulfill the responsibilities of investor type; Improve the Board of Directors; Improve the supervisory board, enhance the ability of the board of supervisors to perform their duties; The establishment of effective incentive and restrictive system to control the managers; Party in solely state-owned company play a central role in politics, improve to participate in major decision-making and Oversight functions; Emphasis on democratic management of workers, improve the employee directors and supervisors system; Improve corporate governance legislation, strengthen the law enforcement, perfect the justice ,to develop legal consciousness and rule-of-law spirits of corporate subject, to establish well rule-of-law idea.