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Study On Corporate Governance Of State-owned Company Party Committee In The Modern Enterprise System

Posted on:2018-09-18Degree:MasterType:Thesis
Country:ChinaCandidate:G LvFull Text:PDF
GTID:2336330515970055Subject:Public Administration
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In the modern enterprise system,the major feature of state-owned company management mode is that the party committee is a part of the corporate governance system.The theory of "principal-agent",the stakeholder theory,and the theory of market economy with Chinese characteristics can be used to guide the participation of the party committee into the management of state-owned company.China's "Constitution of the Communist Party of China","Company Law","CPC Central Committee and State Council on deepening the reform of state-owned enterprises guidance" and many other laws and regulations within the party give the legal status for state-owned company party committee to participate in corporate governance.However,it needs to be further perfected the definition,the effect and expression of the statutory authority of the company participates in of corporate governance for the party committee.This paper focus on the modern enterprise system,compared the differences between the UK,USA,Germany,Japan and other countries and China's corporate governance.This paper proposed that the participation of the Party committee of the state-owned company is one of the characteristics of the corporate governance model in China.The evolution,theoretical basis and the content of participation of the party committee into the corporate governance were discussed in the paper.The problems and causes of the party committee into the corporate governance were analyzed taking the case of J company of C District in Jilin Province.The problems followed were proposed: "Company Law" did not define the authority clearly for state-owned company partycommittee;authority,institutions,staffing of the party committee are not guaranteed in the state-owned company "Articles";the convergence of decision-making process is not close enough,;the participation approach of party committee in corporate governance,especially the ideological and political work methods need to be improved and so on.Based on theoretical analysis and practice confirmation,five proposals were proposed to improve the participation of the Party committee of the state-owned company in corporate governance,namely: to clarify the authority of the state-owned party committee in corporate governance;to make clear the structure of the organizations,the duties of the party committee and the Commission for Discipline Inspection in the "Articles of Association";to make a "two-way entry and cross-service" approach for the company's party committee and the board of directors,board of supervisors,managers,the number of non-party committee members in the board of directors should be no more than 40%,the number the non-party committee members in the managers is not higher than 50%;to improve the state-owned company party organization and choose the right person for party building work,especially the party building work should encourage innovation,improve the mechanism,and shape the enterprises with ideological education according to the comprehensive factors such as the type,nature,industry,internal and external market environment of the state-owned companies;to propose and address the powers,work condition and decision method and decision procedure of “ three committee-one manager”.The linking problem between the Party committee and the board of directors and managers in the decision-making process should be solved.We suggested that the Party committee and the board of directors should clear the right scale of the manager in the work of making annual plan without reporting to the committee to improve the efficiency of decision making.
Keywords/Search Tags:state-owned company, party committee, corporate governance
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