Study Of The Legal System Of The Board Of Supervisors

The existence of the corporate monitor organ is essential for a corporate to control itself. It is the very subsequence of power division and draw and shall be taken as the one of the most effective ways to supervise corporate management team.Countries all over the world adopt different mode of corporate monitor system according to their respective fundamentals of company law, economic system and equity structure as well.All modes have their own advantages and disadvantages so that none can be universally applicable. China's company law has monitor board as a company's inner monitor organ to perform its duty to monitor directors and managers. It is, obviously, the mode of seperation.Nevertheless, the monitor board failed to achieve its goal as was expected.The functional defects of China's monitor board, non-structurally, mainly exist in relevant rules which are too general, principle and lacking in operability.Monitor board is lacking in dependent and mighty power to control the board of directors. It is also very inactive for lack of prompting and certain mechanism to ensure fully function of its system.The perfection of monitor board system can only be achieved by virtue of exploiting the local resources of corporate monitor.Moreover, the further improvement of property right system, economic and political system and judicial system plays its vital role in the effective function of monitor board system.