Research On Corporate Governance Of Chinese Listed Companies Of Shareholding Division Reform

Equity structure is the basis of company administration, and the purpose of optimizing equity structure is to realize the improvement of company administration as well as enterprise competitiveness and its operation performance. After more than ten years of development, our country's securities market has made great contribution to the development of national economy. As a new capital market, the poor quality of our country's quoted company administration and the ineffective company operation performance check the national economic development to a certain extent. The ineffectiveness of national company administration has much to do with our country's special equity structure.To optimize equity structure and improve company administration is the imporant way to increase the core competitiveness of Chinese enterprises.Focusing on the ownership structure of China listed companies before share splitting reform, it is found that there are two basic characters.One of the characters is a high degree of ownership concentration, the other one is all of state share and legal person share are non-marketable.The unique ownership structure leads to many serious problems of China listed companies, such as agency problem, tunneling effect, insider control, incentive problem etc.The government capital market basic fundamentally which implements the reform in Share is our country reform, tries hard to solve the difficult puzzles the Chinese stock market.This article expatiated the related theory of the corporate governing, and introduced the reform in Share Separation's meaning, the origin as well as the influence to the market company's governing status.Analyzes the governing question that the market company has to face after it finished its reform in Share Separation.Used two companies governing models' conclusion, put company's governing suggestions after the reform in Share Separation has finished.namely make the company manag structure perfect, and promoting the company value. strengthen the functions of the institutional investor and the independent board director, solve the internal person control effectively.implement the valid stock option system in order to promote the manager lnamely.mplement effectively anti- procure measure prevent the company from procuring.My opinion is, the reform in Share Separation changes the listed company's value evaluating standard, takes-over market will become flourish which can bring the listed company continue pressure, They will enhance the corporate governance level initiativly.The structure shares holded by different company is effective to stove the problem that brought by the internal person controls and the biggest shares controlling Make the stockolder congress, the directorate, inspector, independent director's function, thus establishes the highly effective interior government which can be benefit to solve the still existing problem the internal person controlling after the reform in Share Separation.The chance that implement stock right inspiring is mature to the corporate manager after the reform in Share Separation.and the listed companies have to enhance their transparency.The above viewpoint provide very good way that how to govern the company, have certain innovation significance. There are many research for the corporate.There are few about the corporate governance after the reform in Share Separation, when I am in this research, I have referred to the three models'conclusions, consulted many materials, and collected corporate governance much data, This article's function lies in, put forward to raise the ability of the company's governing the proposal.for the market company level.