The State-owned Enterprise Governance Structure

The emergence of corporate governance issue is associated with the separation of ownership right and control right in shareholding company .The practices of enterprises in different countries have proved that an efficient corporate governance structure is a forceful and long-term development of modem enterprises, to gain satisfactory operation performance, and to protect the right of shareholders and operators effectively. With the globalization of world economy, how to establish a reasonable and efficient corporate governance structure is not only an important issue which the enterprises of different countries must solve, but the focus of every government and security regulatory section as well.This thesis tries to put forward internal and external measures to improve the corporate governance structure of Chinese listed companies after drawing on the successful experience of developed countries and completely analyzing the current situation of corporate governance structure in Chinese listed companies.There are problems that exist widely in economy diversing countries such as highly concentration of stock ownership, server insider control in the governance structure of state owned enterprises. This decides that the perfection of governance cannot break away from the background of economy diversion. We must depart from the specific condition of our country while not follow the experience of other countries directly. The evolution track of economy is so uncertain that nobody con predict. So, in my opinion, we should learn widely from others to perfect our governance structure In the course of diversion, including developing capital markets and monetary agency simultaneously and let market decide which pattern is more competitive.This thesis is divided into four parts:The fist part starts from the origin of corporation governance structure, expounding a more accurate conception of corporation governance structure and the importance of it in the corporation governance on the basis of outcome of scholars.The second part describes the differences between England-America pattern and German-Japan pattern from four aspects, that is, stock ownership, capital structure, directorate regime and motivation-restriction regime. Then analyzes the advantages and disadvantages of the two patterns, pointing out the trend of becoming similar.The third part points out the main problems in the governance structure of Chinese listed companies and the negative influences to the efficiency of enterprises, the essence reasons followed.The fourth part expounds the antidotes to perfect the state owned listed companies from both internal-governance-structure and external- governance-structure, such as the perfection of stock ownership and the directorate regime, developing investing institution, according to the main problems that exist in the state owned listed companies.