| With the enlargement of the range and quantity of listed company in our country, the separation of property and administration which leads to the problem of company governance has become very outstanding. The board of directors governance is an important component of company governance and it has become the focus of practice and academia circle. Because the board of directors is in the center position of the corporate governance, improving function, governance and quality of the board of directors becomes the key task to build effective structure of corporate governance. It is a very important thing to research totally , analyze and propose objective appraisal to the current situation of governance structure of the listed company, as the board of directors is the core.This paper herein adopts the combined methods of demonstration research and criterion research, with the demonstration research predominated. We will take the 50 listed companies of electricity, gas and water supply (2006) in our country as samples, mainly focus on followed respects of the management of the board of directors of medicine of listed company in our country: namely the structure of stockholder; the management of the internal structure of board; the management of the operation of the board; the management of the board and the performance of the company. The factors of board of directors governance include the board structure, directors own stocks, the conference discuss mechanism and independent directors. The performance index is the Return on Assets (ROA). Deal with the data of statistics through SPSS, and check the assumption. From the conclusion, put forward some suggestions to board of directors governance. This will be an omni-directional and omni-perspective study of the state of the electricity, gas and water supply listed company in our country. Our aim is to benefit the management of the board of the listed-company and improve the performance of the company.After the analysis, the board of directors scale maintains in 9-11 people in the limited companies of electricity, gas and water supply in our country. In the constitution of the board of directors member, the composition of the Board of Directors shareholders accounts for a larger proportion of part-time units, the total number of directors is more than 40 percent, the high proportion of part-time operation undermine the independence of the board. In the level of the managerial aspect which perform as a part-time job , condition of the separation of the duty between the board of chairman and general manager is getting better and better, the situation which two duties take as one position are getting fewer.In the field of excitation of the board of directors, combined with the situation of the salary payment and the stock owned, the salary and equity of board of director members is relatively reasonable. The intensity of director meeting is 8.8 times with average.Carry out the descriptive statistics through SPSS, and using the data which has been obtained and the design model, we analyze the correlation of these data and check out the hypothesis which we tabled. Through the results, showing that the indicators of operation performance and the main indicators of board governance in which the listed company of electricity, gas and water supply have been able to establish quantity relationship initially, and the embryonic form of specific research is shape. It also shows that the construction of the board of directors governance of listed companies is not mature in various aspects, the validity of board of directors is relatively poor, and play the small role on the corporate governance. The phenomenon of "weak board of directors" which many scholars regarded still exists.As mentioned above, we think that the studies will lead to the guidance value in some degree. Some suggestions are put forward in order to adopt the more realized mode of Corporate Performance in China. Additionally, the deficiency and intending direction in this paper are proposed. |
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