Governance Structure Of China's Securities Companies

China's security companies got an unconventional development in the last ten years. The scale level and businesses level have been improved obviously. But high-speed development also brings us many problems. The best method to solve these problems is to set up a system that is a well corporate governance structure. This paper chooses to search this topic also because the security company is a special company. So it is more valuable to search the corporate governance structure of security companies.In the first part, this paper summarizes the theories and documentary films in three aspects: the ownership structure, the structure of board and stimulating mechanism and settles the research purpose and the main research direction. In the second part, the author clarifies the background of our security companies' founding, the developing course, the reality and some corporate governance structure problems. These problems show that it is very necessary to reform our corporate governance structure. In the third part, this paper contrasts our security companies' corporate governance structure with those of the United States in three aspects for finding some problems in China, while the United States pattern can resolve these problems well. So the author makes a conclusion: we should learn from the United States pattern that can improve our security companies' achievements. This paper also analyses the relationships between the ownership structure, the board structure and the stimulating mechanism with security companies' outstanding achievements in China, and gets some conclusions. At last, this paper puts forward some suggestions: dispersing the shares, improving those liquidities; increasing the proportion of independent directors; increasing the method of stimulating mechanism.There are two innovations in this paper: clarifying the reason why we should contrast our security companies' corporate governance structure with the United States pattern; analyzing the relationships between the ownership structure, the board structure and the stimulating mechanism with security companies' achievements in China.