Improvement And Development Of Oversight Mechanisms Of Chinese Listed Companies

The objective of corporate governance is to achieve the maximization of the interests of shareholders based on essential to protect the interests of other interest groups.To prevent the company's operators driven the interests of the shareholders from the owner due to the risk of moral hazard.Its main characteristic is that through the institutions of governance composed of the meeting of shareholders,boards of directors, board of supervisors and senior managers of the company to implement supervision and balance.In other words,the structure of the three components make up the owners,the board of directors and its senior management and board of supervisors.In this structure, they have exist of the relationship of checks and balances at certain degree.Its final goal is enable joint the supervisors and the by supervisors to improve corporate governance, as well as to achieve balance of the interests of stakeholders and obtain a win-win situation ultimately.In this paper,selected the oversight mechanisms of Chinese listed companies for the study,through reviewed the history of the mechanism of supervision,and comparison and reference of both the system of the board of supervisors and the system of the board of independent directors,with full awareness of the value of monitoring mechanisms to explore the effectiveness of Chinese oversight mechanisms and the root causes of the imperfect,orientation of its development.Combined with the practical, proposed suggestion of the perfect and development of the China's company monitoring mechanism,in order to promote sound corporate governance structure and the development of a modern enterprise system,ultimately achieve to balance of the interests of stakeholders and obtain a win-win situation.