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Listed Company's Actuality And Improving Of Corporate Governance In Our Country

Posted on:2007-05-14Degree:MasterType:Thesis
Country:ChinaCandidate:Z H WangFull Text:PDF
GTID:2189360185990880Subject:Finance
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Now Corporate Governance is a question that is always attract universal attention, and developed countries, after several hundred years' market economy operation, still not completely solve this difficult problem. Our country is experiencing the economical reform and the switcher time at present, it is a short time that corporate system enterprise and stock market were established, and corporate governance also is in the exploration and consummation stage, appeared many questions. For example, massive state-owned holding company's final owner were vacancy; boards of listed companies lack independence; interior person controlling and so on, all these reflected the limitation of corporate governance in our country. It is emergency that a more perfect corporate governance should be established. This article base this question, through collecting massive materials, studying the overseas pattern of corporate governance and development of this theory, and using domestic and foreign progeny of this theory, and bring forward some standpoint to fit the listed company's actuality that there should be the controllability shareholder in the listed company in pur country, corporate governance's key is limiting the controllability shareholder to abuse the right. And there are pointed viewpoint proposed in this article such as setting up the young shareholder alliance, the consummation of independent trustee system and so on. Some of them are creative, these measures are based on multianalysis foundation to our country listed company and the traditional culture. The author of this article believes that, these measures will be able to suit the listed company in our country to construct the more reasonable government structure.This article is divided into four parts, specifically as follows:The first part includes the first chapter and the second chapter. It brings forward this title; the background and meaningful of this article. Then it recites the basic theory which is the related corporate governance, including production, development and function of the theory. IT had pointed out that the question of corporate governance origin in the completeness of enterprise agreement and the entrusting that base separating of ownership and operation.The second part is the third chapter. It is about the corporate governance pattern of the developed country, and the international development of corporate governance. This part elaborate corporate governance pattern of the present west developed country and theirs classification, comparison, so as to contrast our country as follows. At the same time, it gives the summary of the international development of corporate governance in recent years for reader to understand the disparity between our country and international tide and situation.The fourth chapter is the third part. It analyses the present situation and problem of corporate governance in listed company in our country, such as unreasonable of share structure, independence of directorate in listed company. As follows all measure of consummations with emphasis aim at those problems.The fifth chapter is the fourth part. It brings forward some measures which may improve the corporate governance of listed company in our country. In this chapter, at first, it reviews the measures of government; the second, it looks for the model which fit to our listed company, through analyzing what the listed company need; the third, writer think that the controllability shareholder should exist in our listed company on the stock market, and the key of corporate governance is how to restrict the controllability shareholders who have a tendency of abusing their right; in the end, writer points out that Minority Shareholder Alliance should be set up, which can supervise the controllability shareholder, how to improve system of nominating and assessing independent trustee, and so on.
Keywords/Search Tags:Listed Company, Corporate Governance, Controllability Shareholder, Minority Shareholder Alliance, Independent Trustee
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