Research On Corporate Governance Of Rural Credit Cooperative Under The Management Of Provincial Union

The promulgation of the Plan of the State Council on the Deepening Reform of Rural Credit Cooperative in June,the year of 2003 has been the milestone of a new round reform .According to the overall request of"clarifying ownership relation,strongthening restrictive system, enriching service function, opportune support from the country, responsibility of municipal government",the main content of the reform lies in the following two aspects:one is reforming the ownership system under the unit of corporation,the other is transferring the responsibility to municipal government. Now, when it has come to the fourth year of this reform, phaseful effects has been turned out:Since the year of 2005,Rural Credit Cooperative in China have continuallly realized profits for three years.And at the same time,overall frame of supervision and management for has been formed and in real practice, the management mode of provincial union has been chosen as the mainstream. However, we must realize that it still has many problems need to focus and research, at the same time of affirming the reform performance. How to solve those problems has become the difficulty and keypoint for the ongoing reform and scientific development of Rural Credit Cooperative.The main body of this paper takes corporate governance of Rural Credit Cooperative under the management of provincial union as an object of study. Based on theory of corporate governance in China and overseas, this paper introduced the historical development and the basic structure of corporate governance of Rural Credit Cooperative,which helped to form the definition of corporate governance of Rural Credit Cooperative under the management of provincial union.Then it analyzed the real situation and problems of corporate governance in Rural Credit Cooperative in-depth, proposed the targeted corporate governance improvement program and implementation including improving internal management system, ways to treatment of municipal government, provincial union, administrative institution of banking industry and other financial institutions. Hopefully,all these can be used as the proper routes for deepening research on reforming and improving corporate governance of RCC.