The Corporate Governance Reform Strategy Of China's Postal Savings Bank

The experience of the Asian financial crisis indicated that the lack of a good corporate governance is an important cause of a financial crisis, and thereby we could draw the conclusions "governance is important more than management". A good corporate governance of the bank is not only the precondition of the efficiency of the bank risk management and internal control, but also the ultimate guarantee which leads the commercial banks into steady fare and continued development. Therefore, to study the advanced corporate governance model and the reform experience in the world, and apply it to practice of corporate governance reform and the construction of China's post savings bank, it's not only a brand-new topic, but also with important and profound realistic meaning.Starting with the issue of the relationship of consign and agent firstly, this article analyzes the connotation and function of corporate governance, and the particularity of bank corporate governance. Based on a review about the history evolution and the launching background and the development status quo and the positive effect of China's postal savings, this article analysis thoroughly a series of problems in side of corporate governance of postal savings, such as the market orientation and strategic objectives unclear, a single property rights, the restricting function failure, the defect of management model, and poor management system, a loose performance appraisal, internal control weaknesses, the operation risk highlighted, the limitations of external supervision, the lack of information disclosure, etc.Then, it introduces some experiences and practices about the bank corporate governance model and postal savings reform from different aspects, after comparing the internationally accepted three types of corporate governance model, that is England and American model, Germany and France model and the Japanese model, and introducing the reform experience of Germany post bank and Japanese postal savings and Holland postal bank, it summary and analysis especially the corporate governance and its reform experiences of China's state-owned banks. It will be a valuable reference for the construction and reform of the corporate governance of China's post savings bank.Finally, according the practicality of China's postal savings bank, this article presents policy proposals of postal savings bank in the following sides: to define its market orientation and strategic objectives, to reform the structure of property rights, to establish a sound corporate governance structure, to set up a reasonable organization, and an effective incentive and restraint system, to improve internal control, to strengthen the managers' professional quality and assiduity responsibility, to construct the risk management system, to strengthen the task of the information announce, etc.