Research On Financial Governance Of Guangxia Industrial Company

From the beginning of the 1970 s,Chinese market economy has undergone enormous changes.Policy behind closed doors lock from the closed country to carry out a comprehensive opening up policy,China has been exploring a development path in line with their own national conditions.However,on the road to explore,it is not easy.There are also many drawbacks between Economic system of Western countries,we developing our country not lean learning foreign experience,Chinese enterprises must take the road of development with Chinese characteristics.Through the survey found,as the pillar of the state-owned enterprises have long-term serious financial management problems through the period of enterprise reforming.However,the state-owned enterprises have not yet formed a sound financial management governance model,we also continue to explore new models in practice.Therefore,we need to understand what is at the heart of financial governance,in order to properly grasp the direction of reforming.How to implement financial power and build a sound financial governance model is currently corporate financial management problems to be solved.Financial management is one aspect of corporate governance,to resolve the company's financial governance,can greatly improve the efficiency of corporate governance.Thus,scholars began to question the depth of excavation financial governance.The main foreign scholars is to discuss issues related to financial governance from stakeholders,signal theory and incentive theory model in three areas.The domestic scholars focused on financial governance theory itself connotation,core,mechanism,structure-depth analysis,to explore a more effective financial model.The first part is an introduction.First,the article describes the writing background;the second is to review and summarize the experts and scholars research on financial governance issues,raised defects and their own innovative research suggestion on this basis;third is to propose the concrete article programs and research approaches,and on this basis,a general description of the framework paper.In this paper of the second chapter,it talk about the theory of financial governance.Firstly,what is the financial management and its characteristics;secondly,from financial power configuration mode,the main financial governance,financial internal control three angles summarizes the contents of financial governance;then,it described the profile of financial governance mechanism;in the end of this chapter is the financial theoretical basis of relevant governance,namely the existence of theoretical premise.The third chapter briefly describes the Guangxia Industry Corp.structure and the basic conditions of equity companies(including company profitability,business scope,financing conditions,etc.);followed describe the Guangxia Industrial Corp the status of financial governance.We will talk about this topic from the company's financial governance structure,operational mechanisms to the specific circumstances of the financial situation of the internal control on financial governance.in order to take an integrated and comprehensive analysis.The main contents of this fourth chapter is talk about the basis of Guangxia Industrial company current situation,analyze the reasons of the real problems of governance and in order to solving the problem.The fifth part is talk about the experience and enlightenment of Temasek group financial governance.First,describe the characteristics of Temasek Group,the specific circumstances and financial governance mechanisms;secondly,summarized the advantages of the Temasek group financial governance,including the implementation of separating management mode,a sound board system and the establishment of good financial internal control system;finally,combined with the specific circumstances Guangxia Industry company conclude the outstanding management experience.The company need a clear functional status of the investor,the reconstruction of the core of the board of directors and financial decisions strengthen the company's financial internal control system.The sixth part is based on the problem,causing analysis and Experience from corporate financial exercise,respect property rights configurations,internal financial control system and financial system,to propose the specific recommendations of improving corporate financial governanceThe last part is to summarize the main content of Guangxia financial governance to conclusions.On this basis,it points out the limitations of article writing and prospects for the future.