Corporate Governance Of State-owned Holding Company Structure

The reform of the state owned big/middle firms have been an important thing of economic reforms for 20 years. Feeling for long time we have built many the state holding companies in which there are the clear property right, the definite duties and rights and the scientific administrative methods. Nom the frame of the state holding companies has been built but the microcosmic foundation of the state holding companies-perfect corporation fathering structures have not been built whose power institution execute institution and supervision institution have much imperfect which restrict the improvement of the state owned firms. First I definite residual claim right, the residual claims and residual right of control, the state holding companies and corporation father structure; for getting some things of use for reference to the state holding companies I particularly contrast southeast Asian fathering structure, Britain -American father structure and Japanese-German fathering structure. Then the article reviews the development course of the state holding companies and open out profundity causes which are very concentrative property rights, syncopate government and firm decision- making, excessive agency and cost on the high side and so on. Finally the article brings forward efficient ways which will be improved and perfected our state holding companies, they are regarding separate stock right as aim and setting up stock right leading together father mechanism; regarding year salary as mostly way and setting up inspirit and restriction mechanism to operator; regarding correlation benefit people together participating as main character and setting up strongly supervise -controlling mechanism; regarding corporation income status as index and setting up corporation property right main body control right recombining risk forecasting system and setting up upstanding enterprisers selecting mechanism. In the article of finally, enumerated China FAW Group Corporation perfect corporation father structures, and establish the new property management the management the system's case example.