Reconstruct Corporate Governance Based On The Theory Of Corporate Social Responsibility

The word of corporate social responsibility (CSR) originated from America in 1924. In the early period of company, the only aim was the economic one which means profit. Corporations blindly pursuited shareholder's profit maximization and neglected its social responsibility and harmed the environment. And in the economic crisis of 1930s, many people were out of work, the society was full of unstabilities. In this situation, more and more people began to realize the problems corporations raised. The development of corporations is not only their own business but also the matter closely regard to corporation's stakeholders, such as employee, creditor, customer and the community. In both theory and practice the corporations should undertake its corporate social responsibility to protect the legal rights of stakeholders. The CSR theory has always been a unceasing dispute since emerged.China is in its reform process. In order to resolve the serious social problems modern corporations created and in the end to build a harmony society we should pay more attention to corporate social responsibility. In this paper, the author illustrated the relations between the corporate social responsibility and the corporate governance. There are more benefits to corporate development if the corporate undertake social responsibility. Based on the corporate social responsibility theory, how to construct corporate governance in China is the main problem the paper seek to solve.There are many kinds of corporate governances in the world. We introduce just two kinds of corporate governance modes in foreign countries. One is market leading mode in America and British and the other is the German mode of organization and control. According to what we explored in the paper above, we can point out the differences between each other. Meanwhile, at present there are many unbeneficial factors on corporate social responsibility that affect corporate governance in our country. The paper also make an analysis of china's current situation of corporate governance and its limit.Based on the analysis above, we seek to reconstruct the corporate governance and reinforce corporate social responsibility by a complete AGM (board of directors, management and supervisory boards) and introduce stakeholders into the corporate governance. But complete corporate governance is just one of the ways to reinforce corporate social responsibility, a serious means such as good corporate culture and effective laws are also needed to go hand in hand.