Study On The Corporate Governance Of Chinese Companies On Condition That Socialism Market Economy

The most fascinating point of modern corporate system lies in the fact that it is a strong financing instrument and a scientific and reasonable corporate governance structure has made the corporation free from the fate of being under the control of the owner, therefore realized the separation of ownership from managerial authority and made it possible for corporation to develop independently.The paper consists of three parts. The first part makes a general interpretation of the concept, theory, and model of corporate governance structure. As regards the concept, the paper makes a definition in a broad sense, as opposition to the traditional one. The exposition to the theory has three perspectives: theory of compact, agency theory, theory of relevant interests' person. As to the model, the paper compares the typical governance model in Japan and USA.Part two points out the problems in china experience in corporate governance structure, which includes structure of stock right, institutional framework, incentive mechanism and supervision mechanism.The last part gives the way to solve the above problems of the corporate governance structure respectively.