Modern Corporate Governance Structure Of Checks And Balances Mechanism

ABSTRACTIn terms of comParative law,the dissertation exPounds thelegal institution of power division and balance acquisition inl.modem corpofate govemace stracture basing on rudAnenialtheories of comPany law. It comPrises fives peds besides theintroduction.Pat one mainly eXPlores two popular legislation models of.corporate govemace structure in weSten couni fies, namlyEngland and America model and German and JaPan model. InaccOrdance with the thorough analysis of their advamages,itdevelops the claim that the model on the basis of German andJaPan theories be adePted in China.Pwt two studies the theory that shareholders regulate thefunction of genera1 meeting in seeking a balance between boardof directors and itselfPed three devolops the theory that measures of stiranlationland constraillt for dirdectorsand managers should be aAschedequal importance. It states the lega1 status, duties andresponsibilities of directors and rewards to them as well, thenleXPlores how to maintain a ba1ance relationship betWeendirectors and managers.Pwt four states board of suPervisors how to execllte, in aneffeCtive Way, its heon, and comes uP with some practicalmeasures accordingly.Part fiVe drop a condusion tha the theory of powerdioision and balance acquistion in modem company should beaPPlied to the stato-owned comPany's property rights must becarred out; thereafter, guided by the theory of power dOvisionand balance acquistion, state-owned corpood governacesttucture should be reconstructed.