The Governance Structure Of Listed Companies In China

For enterprises, no matter state-owned, private-owned enterprises or joint-ventures, the perfection of corporate governing structure should borrow the international experiences in the exploration of China's peculiar characteristics. And the corporate governing structure with Chinese characteristics means the combination of Chinese peculiar situation with the commonality and trend of each country and industry instead of the peculiarity of other country or region. The commonality and trend would exert an impact on the corporate governing structure of different country and industry. With the gradual calming down of the famous Enron Event in USA, the reform in the corporate governing structure has been unfolded in America. The emphasis of the reform is the resetting and balancing of all functional departments within the company. Together with the reform of intermediary organizations in the market and the strengthening of supervision on the related parties build the core of the perfection of corporate governing structure of modern enterprises. All these problems that have been mentioned above should be introduced in the reform of current listed corporations. This article focuses on current status of listed corporate, and divides the development into three stages: non-pure stage, preliminary stage and mature stage of corporate governing structure. Borrowing the experiences of corporate governing structure reform in American enterprises, this article analyzed the existing problem in the governing structure of listed corporate and advanced specific action plan to solve these problems.