Explore The Governance Functions Of The Supervisory Committee Of China's Listed Companies

Supervisory board (Board Of Supervisors) is a permanent institution of shareholders, an important part of the corporate governance structure, a critic and an adviser who enables the internal control system of the company constantly perfect. The prescript of supervisory board's right in our Company Law is just in form, for example, supervisory board should attend the meeting of the board of directors but without the right to speech or vote. Quite a number of supervisory boards are actually accessories of the board of directors and mainly a vase in the corporate governance structure.Evaluation of supervisory board's management function of listed company has always been an area which the scholars devote their attention to.But discussion on the supervisory board's role in practice, or how to change the passive surveillance and overdue surveillance into active surveillance and surveillance in the process is a drop in the bucket.This thesis is based on analysis of supervisory board's governance function and low-level management by the academia. It's combined with the fact that supervisory board's governance function which has been enlarged, and illustrated the audit function of supervisory board which is independent of the other departments especialiy. Our purpose is to provide legislature and relevant department in charge some references in reconstructing the corporate governance structure of listed company and perfecting the board of supervisors system, by raising some related countermeasures in perfecting supervisory board's management function in our country.