Yangzi Petrochemical Corporate Governance Structure Empirical Analysis

Corporate governance a system arrangement to standardize the relations between the power, duty and profit among the different right subjects under the system of mandate-agent.It is the core of the modern corporation system. However most Chinese enterprises are rather strange to it. we probe into this question in terracing with practice system atically,all are very important no matter in theory or in practice. China regards managing in the company as the policy focal point when they just sedan to fulfill its accession to the WTO ,this is a strong signal :The government is determined to stevedored to advancing the market oriented reform ,This is the selected title sack ground of my thesis .The research of Corporate governace is a huge subject ,Therefore, My thesis plans to regard state-run listed company of our country as the target and launch discussing. In order to investigate the question further, I select Yangzi Petrochemical as my analyzing the case.Why has the anther chased Yangzi Petrochemical as the analysis case of the administration structure of state-run listed company at first? Yangzi Petrochemical is an economic cell on the organism of state-run listed company, It has general meanings: In term of special meaning, as the super-huge state-owned enterprise,Yangzi Petrochemical can beregarded as an epitome or sample of the state-run listed company; 'arepreseutative of specials type of state run listed company of our country.ludividually. Yangzi Petrochemical can be called the ridge pole and seam of the state owned esterprise,represatative os the petrochemical industry trade no master its production scale, management level, or the income form sale and profit level. Then."Corporate governance " theory makes a start in the western market economy country. In the development of one country," Corporate governance "theory may well be termed a ripe edition of the modern enterprise system with the ripe of it. It is different from road to the modern enterprise system that the western countries pass by that modern enterprise which china pursues reform. There are not Chinese cooperation enterprises. The 16th conference of the party maces clear about the "Corporate governance "further. This is an important start of the state-indeed enterprise reform form men's ruling to legal system.Finally.The trade of petrochemicalindustry of our county has good development prospects. So far as present current situations. The reform of SOE in the trade makes great progress.The author focuses on the composition of the capital stock from the company, company's organization forms. The board of directors and independence director, board of supervisors, staff status and on the senior level personnel salary and incentive mechanism. We discuss "Yangzi Petrochemical's existing problems of company management; right structure, company manage case study; incentive mechanism proportion analysis; board of directors independent character analysis, supervision mechanism analysis; staff pentacle company manage mechanism analysis and analyze from the property right and ultra property right theory.To the whole some macroscopically policy recommendations of state-run listed company and even whole listed company: First, offering the corresponding legal frame for setting up and perfect company's administration structure. Second, cultivating competitive market environment, must cultivate institutional investor, we must grow up one qualified shareholder team creditor, take on responsibility, and perfect the information announcing mechanism.