China's Strategic Governance Of Listed Companies Under The Framework Of The Strategic Committee System

As the material expression of high-class managements' business thinking and decisions, corporate strategies are the baton of all the business activities and the key questions that need to be solved by the enterprisers. Corporate strategies influence the survival and development of an enterprise directly and profoundly. Successful strategies accelerate the development of the enterprises obviously and make the enterprises become the pacemakers in their industries. They can also find a new and unique style of developing the enterprises and retrieve the failing enterprises on the edge of bankruptcy. Just like that every coin has two sides, the corporate strategies have their limitation. The unsuccessful strategies bring the enterprises death warrant. Many enterprises disappear in the market because of this at one night, among which there are some famous enterprises in the world. From above, we can understand the importance of the corporate strategies.For a long-term time, many theorists and enterprisers think that the high-class managements are responsible for decision-making and implementing of the corporate strategies. But the markets are more and more changeful and the competition become more and more furious, it may be unrealistic to adopt the traditional patterns of strategic decision-making and supervision. How to reform the patterns of strategy governance has become a new question that many theorists and enterprisers have to face. I think that the biggest shortfall of the traditional strategy governance pattern is that it ignores the right of strategic controlling and supervision of the general meeting of shareholders and board of directors. Because of this, many enterprises make the unsuccessful strategies or the strategies are out of their control in the course of implementing the strategies. Finally the enterprises fail and become impoverished. In the real world there are many examples like this. For avoiding this, the feasible way is to improve the system of strategy governance with the core of the board of directors...