Our Country Commercial Bank Corporate Governance

The bank's corporate governance is the core of bank's institution, which directly determines the bank's competitiveness in the market. The acute financial crisis in Southeast Asia in 1997 evoked a common attention to corporate governance for banking organizations. The Barsel Committee on Banking Supervision issued an instrument of "Enhancing Corporate Governance for Banking Organizations" in Sept.1990 and the People Bank of China issued "A Guide to Interior Corporate Governance in Commercial Bank" in 2001, which indicates high consensus of the understanding to the importance of commercial Bank corporate governance.The Principal-agency Theory, the Stakeholders Theory and the Beyond Property-right Theory provide the framework to the study of corporate governance. Especially, it is believed by the Beyond Property-right Theory that the competition is the basic force to improve corporate governance. Based on the Beyond Property-right Theory, the paper makes a mathematics model which integrates manager marker, financial product market and capital market to analyze the effect on commercial bank governance from such market competition mechanism like salary, control power,honor and financial product,especially from the outside Governance mechanism.From the angle of the Beyond Property-right Theory, the historical course of Chinese banking innovation is actually a course that continually creates banking competition and increases the ability to resist risks. There are some defects in Chinese banking including marketable competition restriction and homogeneity of competition. And they are concrete reflects on scarcity of outside competitive restriction such as banker market, financial product market and capital market etc. Therefore it is certain direction of reconstruct the commercial bank's governance in our country to construct the banking competitive market environment, and then improve the inside and outside governance mechanisms.In the paper process meets difficulty: First is reorganizes the literature to summarize, reorganizes the process consumption massive time, the company which this article reorganized has company governance the theory summary and the commercial bank company governance the theory summary; Second is about mathematical model establishment, Because I have little talent and less learning, knows limitedly to the commercial bank, governance the research regarding the commercial bank is possibly superficial, some argument have loses the biased viewpoint, I will wait for the next continuation thoroughly to understand, will enhance knowledge.