Research On The Perfection Of Supervisory Board System Of Listed Companies In China

In the current under the background of economic globalization, Chinese listed companies which want to make sustainable development in the keen market competition, the key is to establish an effective board of supervisorsimprove.As one of the internal corporate governance structure of listed companies, date of birth, the board of supervisors system shoulders the mission that safeguards shareholders’ interests and the healthy and orderly development of the company. The board of supervisors system originally formed in Germany in the 19th century. Because of amended Corporation Law in 2005, China formally established internal double supervision mechanism in the listed company. In other words, Chinese listed companies must establish the board of supervisors system and the independent director system. However, the modes don’t play the role of expectations. Presently, much deficiency and flaw of China system of supervisory board have appeared in both legislation and practice. So all need the quest in the aspects of theories and practicing regardless with perfect.First of all, this paper analyzes two representative theories, power balance theory and agency cost theory, that are the source of the board of supervisors system theory. It explains the important value of the board of supervisors system. Then, this paper analyzes the problems of China’s listed companies supervisory board met in operation, and this paper analyzes reasons that lead to problems.The last, some suggestions are putted forward in relation to the improvement of the legislation concerned in China on the basis of the analysis of systems abroad.Specifically, the paper is constituted by six parts.Part 1 is introduction, which introduces the research background, significance, current research, research methods and innovation.Part 2 is the introduction of some basic theory of board of supervisors of China’s listed companies, which provides the theory foundation of discussion in the next part. This part includes the definition of listed company board of supervisors, the theoretical basis of board of supervisors and the value of the board of supervisors.Part 3 analysis of the current legislation, not only includes the company law, and the relevant provisions of the law, and points out the existing problems in our company law. The focus is on analyzing the problems, and the causes of the problems.Part 4 will focus on giving an introduction of the international practical experience of the legislation of the board of supervisors system, such as Germany, the United States, Japan, and showing some apocalypse from which China can get in order to provide some reference to China.Part 5 is the most important part in this paper. It will put forward and illustrate the suggestion of the thesis on the perfection of board of supervisors of China’s listed companies. It includes the countermeasures to perfect the board of supervisors system itself and the related system.Part 6 is conclusion. Mainly to summarizes the article and pointed out its shortcomings.