Study On Corporate Governance Of Jilin Province Investment Group

The establishment of effective corporate governance structure is the "property rights, clear rights and responsibilities, separation of enterprise from the management science" of the modern enterprise system, the objective need. At present, China's state-owned enterprises have not yet found one of the most consistent with the actual needs of the governance structure, and there are many problems and errors in this paper on these issues to explore, a state-owned investment company is thinking of the special corporations, and special corporate model of governance institutions were analyzed with a view to contribute to the rich state-owned investment agency theory of corporate governance research and practice.Including the full text of the preamble and the conclusion is divided into five chaptersPreface Chapter I: pointed out that China's current governance structure of state-owned investment company there are different problems and errors in thinking and research methods: 1. Empirical analysis and normative analysis. As the economics of the two basic research methods, empirical analysis of only the description of objective facts, rather than the results of acts of value judgments, the main answer to "what"; the general study and normative analysis of economic operation to determine "how to." However, in practical application, which are often linked in two ways: empirical analysis contains value judgments, and normative analysis based on the actual operation of the process of understanding the basis of, in answering questions about the structure of corporate governance theory, practice, optimization various aspects of "what" on the basis of the corresponding to the "how to" of countermeasures and proposals. 2. Historical analysis with a combination of inductive logic. Based on the analysis of the study, first of all, the theory of corporate governance structure and organize the empirical literature, and then state-owned enterprises of China's corporate governance structure of an analysis of practice, trying to reveal the experience of the law is conducive to investment in Jilin Province Construction Group management structure and optimization. Structure of the thesis is also described.Chapter II the basic theory of corporate governance research.Paper first the basic theory of corporate governance structure for the literature review on the meaning of corporate governance, governance models and related theories are analyzed for the proposed governance model Jilin Investment Group has laid a theoretical basis. Corporate governance can be divided into three categories: institutional arrangements, said that the organizational structure and decision-making mechanism, said. The current mainstream theories of corporate governance are: modern enterprise theory, property rights theory, the principal-agent theory and stakeholder theory.With a blend of cultures around the world and the convergence of a variety of corporate governance convergence trend, the Chinese model of corporate governance can not be too much emphasis on the specificity of their own, too much emphasis on Chinese characteristics, but should conform to the trend of the times and the world, and establishing the rules of market economy requirements with international standards of corporate governance.Chapter III discusses the development of Jilin Investment Group, On the current forms of governance are analyzed to identify the existing problems. Jilin Investment (Group) Co., Ltd. is established in Jilin Province government-funded wholly state-owned companies, was founded in March 2007, the registered capital of Fellowship 20 billion yuan. Company primarily engaged in financing, capital operation and investment business, including: undertaking policy-oriented and commercial loans from financial institutions, and gradually through the capital market financing; to carry out the integration and operation of assets of M & A investment assets, the use of market-oriented approach to the relationship between the province's economic the overall development of the basic resources, and high-tech achievements and pillar industries to invest in such projects is growing rapidly in recent years, domestic investment and financing of the provincial integrated enterprise. The establishment of a short time, a number of structural problems of governance and not exposed, the present situation, is not the complete separation of government from enterprises, from an administrative directive from the government, amounting to less than full market-oriented operation, at the same time establish and improve the supervision of institutions and monitoring mechanism.Chapter IV analyzes the governance structure of state-owned enterprises abroad model, discussed the management of Singapore's Temasek model, the Italian corporate governance model of IRI, as well as investment in Europe and the United States model, from which to explore the state-owned enterprises of China's reference. And then discusses China's state-owned investment firm characteristics and functions, establishing a governance structure of state-owned enterprises of China's principles and measures, in this based on state-owned investment companies for the development of an effective governance model, that is, the special corporate governance model.Chapter V Conclusion. As a wholly state-owned companies, Jilin Investment Group applicable to the particular form of corporate governance by the Government to appoint the Chairman and the competent authorities (or) general manager, and sometimes the market can also choose from the manager of managers, the general performance of the contract through the form of supervision of managers. It is necessary to assume government targets, but also for a certain profit.In short, this paper, the use of property rights theory, the principal-agent theory, stakeholder theory of corporate governance structure of the theory group of the structure of property rights to invest in Jilin Province and the structure of corporate governance research, special corporate governance structure of corporate vision, I hope this article on the state-owned investment company governance structure of the theory and practice can learn from a certain role.