Study Of Financial Governance On Listed Companies In The Reform Initial Of Non-tradable Shares

To establish a sanitied corporate financial governance is in faver to improve the management efficiency of the companies' financial decision.lt will be a new title of the financial system innovation of Chinese companies.Now,China is in the reform initial of non-tradable shares.This reform is a system work which needs more cooperation.But in fact, at the initial stages in the reform of non-tradable shares , Concentration of the shareholding structure that will exist over a long.This paper combinate the analysis of the pros and cons in the reform initial of non-tradable shares, seize the opportunity brought about by, giving the improvement from the face of corporate financial governance : 1, define clear financial entities, the appropriate division of powers, the establishment of a sound financial structure. 2, the "phenomenon of one stock dominance" to the various checks and balances largest shareholder equity restructuring. 3, strengthen market governance functions : motivation, and supervision .4, perfect binding legal environment.The significance of this paper is to : theoretically integrated into shareholding structure of the status quo to our listed company's financial management in the reform initial of non-tradable shares to conduct theoretical analysis and made a number of recommendations and observations in practice to improve and refine our financial governance of listed companies provided some realistic option for protecting the interests of investors, Improve our financial management structure of listed companies, the establishment of an healthy, efficient, dynamic, inspired by the company's financial management structure compatible.