China's Listed Companies Internal Oversight Mechanisms

Sincethe social economic activities become more and more frequent and complicated, the form of economic unities are also developing and improving with no exception to the listed company. As one of the most important member of social economy, listed company is also developing fast. With the separation of ownership and the right of management, companies ask for higher level of internal supervision and demand improvement of internal supervision mechanism objectively. Meanwhile, a completed internal supervision mechanism gives listed companies an opportunity for further development. It supervises the activities of operators; prevent the self-interest activities of managers to harm the listed company. Therefore, the internal supervision mechanism plays a very important role in the corporate governance system within listed company. Through the comparison of corporate internal supervision mechanism of mainly western countries and the deep analysis on advantage and disadvantage of internal supervision system operation in China, the thesis discusses and puts forward the valuable suggestions to improve the internal supervision mechanism of the listed company in our country.This thesis is consisted of three parts which contains introduction, text, and epilogue. And the text is divided into four chapters.The title of the first chapter is the general theory on internal supervision mechanism of listed company. Through the definition of internal supervision mechanism of listed company and the comparison of the internal supervision mechanism of listed company in several western countries, come to the conclusion that on the course of reform and reference, we have developed the unique internal supervision mechanism of listed company.The title of the second chapter is the supervision mechanism of stockholders' conference; this chapter combining the new company law discusses the start-up, function, and remedy measures of stockholders' conference supervision mechanism. Through the integration and analysis of the disadvantages of stockholders' conference supervision mechanism, raises the advice of improvement.The title of the third chapter is the mechanism of supervision meeting in the internal supervision mechanism of listed company in China. This chapter analyzes the internal cause and external cause of the "non-function" situation of board of mechanism of supervision meeting, further, put forward the detailed suggestions of board of supervisors' supervision mechanism through the integration and explanation of the related regulation of new company law.The title of the forth chapter is the independent directors' supervision mechanism in the internal supervision mechanism of listed company in China. Through the analysis of "Guidance on the establishment of independent directors in listed companies" and the discussion of the independent directors' supervision mechanism and brings forward some suggestions for improving independent directors' supervision mechanism. Meanwhile, on current situation of co-existence of independent directors' supervision mechanism and supervisors' supervision mechanism, the proper power distribution and coordination between them requires the reasonable system arrangement so as to bring their supervision effect to the most therefore, this chapter also raises related suggestions on the harmonizing and coordinating these two supervision mechanism, which is conducive to improve the supervision mechanism of listed company.