Change Of Governance Structure Of Mitsubishi Group Enterprise

The corporate governance structure refers to the composition of some enterprises, themain economic basis and its position in the economic and business activities, play the role ofthe way and method for the production and business activities of enterprises, and therelationship between the economic subject to play a role in the. Among them, the equitysystem, organization and management system, financing system are three important aspects incorporate governance.Corporate governance structure in Mitsubishi group is the traditional main bank systemof internal control of enterprise governance structure, financing by the main bank, supporteach other through cross shareholding, this corporate cross shareholdings and enableenterprises to the actual control by the operators, shareholders are weakening. But since thebubble economy burst, the changes of economic environment, both at home and abroad, thestructure of corporate governance Mitsubishi group traditional began to change. Since theearly90’s of the twentieth Century, this change is mainly reflected in three aspects ofcorporate governance structure of the shareholding system, organization and managementsystem, financing system. In the corporate cross shareholdings, the main bank system ofinternal control system to the cross shareholding weakening, the common shareholders’ equity,pay attention to changes in financing through the capital market "Anglo Saxon" mode. Thedetails are as follows:From the institutional change, each holding loose, individual investors and foreigninvestors increased, shareholder power increases, the operator status down, inside peoplecontrol loose. Individual shareholders the power increase, enable enterprises to shift towardsshareholders leading enterprises of the "Anglo Saxon" mode. Nevertheless, corporate crossshareholdings is still dominant in corporate equity.From the organization and management system changes, the general meeting ofshareholders to enhance the effectiveness, board of directors, board of supervisors ofsupervision to enhance the effectiveness, enterprise managers began to pay attention to theinterests of the shareholders, the operator control status began to weaken. But the generalmeeting of shareholders to increase the potency is limited, the board of directors, board ofsupervisors of enterprise operators still dominant, pay attention to the interests of shareholdersis not the mainstream business operators still, leading enterprises.From the financing system changes, short money is weakening, increase the long-termborrowing funds; reduce financing bonds, equity refinancing rarely used; indirect financing ofthe mainstream status has not shaken.In conclusion, although the structure of corporate governance Mitsubishi group in thetransition to the "Anglo Saxon" way, but this kind of transformation to a lesser degree. Lookfrom whole, Mitsubishi group’s main bank system of internal control governance structure is still in the mainstream position, and will continue to maintain this kind of governancestructure in a fairly long period of time.This article will analyse from three aspects of ownership system, management system,financing system, the change of corporate governance structure analysis Mitsubishi sinceearly members of the group enterprise in twentieth Century90years, trying to draw someconclusions. On the basis of the changes of the transaction of the governance mechanismanalysis, trying to get some conclusions, in order to provide reference for the improvement ofcorporate governance structure Chinese.