The Corporate Governance Of State-owned Commercial Bank During The Transition Period

Because of the leading role of the State-owned commercial banks, the reform of the State-owned commercial banks has become the important and difficult points in the financial reforms. To successfully reform the State-owned commercial banks, the corporate governance is considered as the most strategic step in their reforms. However, the unique economic transfer period and the special inner and outer characters of the State-owned commercial banks have worsened the problems on their governance. Especially the problems are the serious information non-transparency in the State-owned commercial banks. These problems include the existence of the government power (the recessive government guarantee), the existence of owners' moral risks, the incompleteness of the individual director system, the "Shareholder Primacy" and so on. What the article is studying and dealing with is how to change this situation and how to further improve the cooperate governance of the State-owned commercial banks. The article's focus is on how to protest the depositor interest's creditor governance.Based on the analysis and conclusion about the corporate governance, the article has combined the special characters of the State-owned commercial banks' corporate governance, setting up a general theoretical analysis frame on the State-owned commercial banks corporate governance system. Then with the standard corporate governance theory, the article has not only reviewed the special problems on the State-owned commercial banks' corporate governance, but also combined the theoretical analysis with the practical review. From the viewpoint of the creditor governance of the protection of depositors' interests, the article has comparatively analyzed the corporate governance's reform system models of the State-owned commercial banks which belong to the Russian before the transfer period and the eastern European countries, putting forward some suggestions on the international economics. Under this frame, based on the theory and experience analysis, the article has analyzed the creditor governance's situations among our country's commercial banks' corporate governance and has studied the State-owned commercial banks' corporate governance, putting forward corresponding reform ideas and strategic suggestions.