On The Perfection Of Internal Supervision System Of The Listed Company

Models of existing corporate governance structure are unitary-model in common law countries and dual-model in civil law countries. To resolve the problems and promote capital market development, independent director system of common law countries is introduced into China. Therefore, a unique corporate governance structure is created by combining independent director with supervisory board. With problems of blurred authority boundaries, overlapping functions and lack of coordination of the two organs, the structure on the one hand easily lead to mutual competition for supervision, on the other hand will cause the two bodies fragmented, which will accelerated deteriorate the company fragile system, even will affect the company stable operation.This article is divided into five parts.The first chapter elaborates the evolution of the supervisory system of China’s listed companies. This chapter focuses on the formation of the supervisory system of China’s listed companies. It provides historical evidences for different positions of the two supervisory authorities for later.The second chapter is the problem of listed companies in operation supervisor failure. China’s listed companies supervision system has many problems so far. Both rough specified system itself, and the control of major shareholders of listed companies combined cause the issue. This chapter makes elaborate from the two aspects above to solve the issues.The third chapter is the analysis of the theoretical level of supervision of listed companies. This section is intended to insights from theoretical causes of the supervisory system, as well as oversight bodies need for listed companies.The fourth chapter elaborates the revelation that foreign experience in supervision of listed companies in China System Reconstruction. After discussion the need for oversight bodies of listed companies, this article begin to analyze the differences above representatives from different legal systems. Meanwhile, the baptism of oversight bodies in different countries and generates the possibility of convergence in the globalization. These are all worthy of reference.The fifth chapter is the reconstruction of listed companies the supervisory system. According to the above analysis of the current situation and causes, reconstruction measures discussed in terms of defined terms, the exercise protection, information sharing, equity reform.This article is intended to repost the terms of reference by the Supervisory Board, establish the status of independent directors, and improve the protection of Exercise of the powers of independent directors, in order to promote the harmonization of the two organs, and to supervise the company directors, senior management, and controlling shareholders. In addtion to, the establishment of independent directors and the Supervisory Board coordination mechanisms is conducive to improve and optimize the company oversight mechanisms,and to improve the corporate governance structure and quality of listed companies. Promoting the development of the securities market standardization, and improving management decision-making also depend on the establishment coordination mechanisms. Based on this, the company’s management will improve efficiency, and the building system of listed companies will tend to perfection.