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Corporate Governance Structure And Construction Of A Common Governance Model In Listed Companies

Posted on:2012-06-24Degree:MasterType:Thesis
Country:ChinaCandidate:Z X LiuFull Text:PDF
GTID:2216330368477474Subject:Law
Abstract/Summary:PDF Full Text Request
National economic growth relies on the increase of corporate wealth, and wealth creation is inseparable from good corporate governance. With the global economic integration and the changing world economic environment, corporate governance practices of States are also undergoing profound changes, more and more investors and corporate decision makers recognize that good corporate governance of enterprises and enhance their competitive Force and the necessary conditions to improve business performance, is to protect the owners and other stakeholders to ensure an orderly modern market system, and efficient operation of the micro-foundation.The current domestic and international corporate governance has become a world of theory and practice of a global issue. In recent years, many of our problems keep coming in listed companies, has been a serious threat to China's listed companies and capital markets, the healthy development of China's economic transition had a negative impact. Therefore, the study and discuss the governance structure of listed companies in China Situation, ProThis article first sorted according to time, we reviewed the various schools of Western companies and corporate governance structure of discourse, from a historical perspective of the corporate governance theories of the origin and development of theoretical analysis of the major theories of corporate governance an important contribution. On this basis, the sum of the three recognized academics compared with the typical mode of corporate governance structure, that is, the United States on behalf of the British-led the equity to the claims on behalf of Germany and Japan as the leading model to Southeast Asian countries represented Family-led. The comparative study aims to explore some of the regularities, weaknesses, and thus on the model of corporate governance structure to provide some positive guidance to explore.Secondly, this paper in accordance with the internal governance structure of listed companies in China constituted bodies, respectively, analyzed the general meeting of shareholders, board of supervisors and management are the main problems and reasons. These issues include the ownership structure is irrational, one of the main corporate governance, controlling shareholders and managers compete for control of the company, a mere formality and the supervisory board of limited powers and so on.The research methods, the use of modern economics, management and analysis of the method of combining law, including about three types:Firstly, the institutional analysis. Corporate governance is a system arrangement, a different model of corporate governance do not represent the institutional arrangements. Institutional arrangement is a cost, people do not have to choose institutional arrangements, in fact, is to weigh the costs and benefits of various institutional arrangements than from which to find a cost-benefit ratio of the minimum institutional arrangements. How to adapt to environmental changes, select the benefits can bring the lowest-cost equivalent of corporate governance mechanisms, this study is the focus of the selection process is the effective application of system analysis.Secondly, the case analysis. Select the reality of the "National U.S. equity dispute ", as a typical case, the "United States"case for the cuts, layers of analysis of the governance mechanism of transformation macro and micro defects.Thirdly, the comparative analysis. Comparison is to identify and merit, this mode of corporate governance in Western countries were compared, by comparison, found that their similarities and differences, understand they are in different environments. Attempt to have learn to choose the special conditions of China's corporate governance model.
Keywords/Search Tags:Corporate Governance, Mechanism, Gome
PDF Full Text Request
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