Corporate Governance And Corporate Governance In China Reform Path Chosen

Corporate governance is a hot issue arousing many mainstream scholars'inspiration and intelligence of all over the world. Corporate governance is a conception with many perspectives and layers. Different share ownerships structures have different style of corporate governance. How to choose feasible style of corporate governance is an urgent issue that our present economic reform and development must find a solution to deal with. Based on the comparative studies of the style of corporate governance of in U.S.A and Germany, the researcher appraises the present share ownerships structures and style of corporate governance in China, and further proposes to take the third way in the implementation of corporate governance reform.The dissertation is divided into five chapters. In Chapter One, these studies discuss the concept of corporate governance and its theoretical bases, and analyses its reason and background, and also have a brief appraise of the main theories concerning the corporate governance as well. In Chapter Two,based on the analysis and comparative study of the corporate governance styles in the U.S.A, Germany and China, these studies elicit that style of corporate governance implemented in Germany which is under the centralized share ownerships structures is a reasonable one and have a positive use for reference to the corporate governance reform in China. In Chapter Three, these studies explore the different propositions of the corporate governance under the decentralized and centralized share ownerships structures. Further more, these studies review and analyze the issues we are facing while we are carrying out the corporate governance under the centralized share ownerships structures. In Chapter Four, these studies introduce the theories of route dependency and function convergence; analyze the related theories implemented in other countries which they were carrying out corporate governance reform. These studies propose that the highest priority should be given to Germany experience in the reference of corporate governance issue. The second proposal is that we should take the"third way".Chapter Five is the conclusion.