Resear On Financial Governance Of Hainan Power Grid Corporation

The power grid enterprises are state-owned key mainstay enterprises, who impact on the security of country energy and the national economy, are undertaking implementing energy strategy, accelerating the development of the electric power industry and the social economy, strengthening interior management, enhancing the efficiency and benefits of corporation operating. With the national electric power organizational reform, the power grid enterprises are facing consummating modern enterprises system, establishing the scientific finance governance and so on the arduous duties.In recent years, the fused theory research of the finance and corporation governance have the great accomplishment, has formed the theory system of finance governance that takes the finance-rights as the center. This provides for us the new angle of view and the thought, to construct power grid enterprise's finance governance system.This article takes the Hainan Power Grid Corporation (abbreviated to HPG) as the research object, utilize the theory related with finance governance, has comprehensively research HPG's finance governance. This article described HPG's professional characteristics, what were most main was the utility; reviewed and commented HPG's system transformation, had pointed out this transformation was compulsory and caused many questions, which had much help. The questions existed in finance governance mainly have: the disposal of finance governance rights is unreasonable, the mechanisms of finance governance are not perfect, the behavior of finance governance is incongruous, the financial personnel's overall quality is not high, the exterior finance governance lacks and so on. These need us to urgently construct HPG's finance governance structure.The finance governance is the center of corporation governance, constructing HPG's finance governance structure, may unify the corporation governance to carry on. Firstly, according to HPG's characteristics, specially the utility, we proposed that the pattern of HPG's corporation governance can be supposed to be taking the owner's benefit as the leadership, taking the disposal of finance-rights as the center, other shareholders governing together. In this foundation, we have been clear about the goal of HPG's finance governance, which was how to reasonably dispose the finance-rights, form the disposal of financial governing rights which keeps in balance mutually, make the decision-making scientific and the corporate value maximal. We have cleared the finance governance-makers who invested special capital to HPG, including the owner, the creditor, the executive manager and the interior staff (such as middle manager, common staff and etc.), and clear the object of finance governance that was finance-rights.The finance governance structure, the mechanism of finance governance and the behavior standards of finance governance constituted a finance governance system. Therefore, we proposed the measures to consummate HPG's finance governance, such as establishment finance governance mechanisms adapting to HPG's finance governance structure, making the finance governance behavior normative, fully playing the creditor's role in finance governance, and raising the supervising level of electric power and so on.