| The investment fund has existed for more than one hundred years. In this period, this popular investment tool has been developing very fast and its important role in present international financial market cannot be ignored. Because its start and development in China was quite late, compared with the developed countries, the regulation and supervision of the investment fund are not very mature yet. Especially there is no complete legal system for the protection of the investors in our country until now, which has hindered the healthy development of the investment fund in China.Based on the previous study made by others, the paper concentrates its discussion on the framework of the governance structure about the securities investment funds. It analyzes in detail the existing problems in the governance structure of such funds and, on the ground of theoretical support and of successful experience gained abroad, it puts forward feasible proposals for the improvement and perfection of the structure.There are two types of popular mode in the world. Both the contractual type and the corporate type have their own internal mechanism to protect their investors. Either of them has its advantages and disadvantages. However, out of the consideration of the legal environment and the practice in China, the emphases shall be focused on how to regulate the contractual mode and how to improve its internal mechanism to enhance the protection of the investors. There are two measures that can be used: first, enhance the function of shareholder meeting; second, setting up a standing committee for the shareholder's meeting. |
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