Chinese Listed Companies' Governance Rating Research

The worldwide corporate governance movement that the 90's of 20 centuries appear , through 10 years' development, have entered for mature stage, the focus of corporate governance movement changes gradually from the establishment of the corporate governance principle to the practic, namely how an individual listed company establishes corporate governance strategy according to the corporate governance principle, increasing the level of corporate governance, and how the investors decide their investment based on corporate governance.At the end of 90's, Standard&Poor's, CLSA, Deminor etc. starts to release their corporate governance rating service at the emerging market and the developed market.This thesis aims at the existed corporate governance problem of the Chinese listed companies, in present stage bases on the Corporate Law of the People's Republic of China, the Securities Law of the People's Republic of China and Code of Corporate Governance for Listed Companies in China etc., draws lessons from the international practices, combines the situation of Chinese, establishes a corporate governance rating system for aiming at Chinese listed companies.First, the thesis discusses the definition of corporate governance. Then the thesis discusses the importance of corporate governance. After that the.thesis discusses the corporate governance principle detailedly.The second, the thesis introduces and compares with all kinds of corporate governance rating system.The third, the thesis drawing lessons from corporate governance rating system above, aims at Chinese listed companies' present condition, sets out with protecting the shareholder the creditor benefits angle, putting forward own corporate governance rating system. That system included four major types of in the aggregate 64 problems.The fourth, the thesis analyzes 50 listed companies, getting the corporate governance level of the listed companies.Finally, the thesis summarizes the main conclusion and the outlook.