Case Study On The Governance Of Huashui Science And Technology Company In The Context Of Mixed Ownership Reform

As for The Decision of the CPC Central Committee on Some Important Issues of Deepening Reform in an All-round Way adopted by The Third Plenary Session of the 18 th CPC Central Committee held in 2013,it further clarifies that both the publicly-owned economy and the non-publicly-owned economy are important components of the socialist market economy as well as the important foundation for the economic and social development of our country.Furthermore,it emphasizes that the mixed-ownership economy is an important form of the realization of the basic economic system,which is beneficial to the magnification of the function,the maintenance and appreciation of value,and the improvement of competitiveness of state-owned capital,as well as the mutual promotion and common development of all kinds of ownership capital.It can be seen that the mixed-ownership economy is in full swing throughout the country at present,in which state-owned capital and private capital take advantage of each other,and the realization of Pareto Optimality has become the original intention of cooperation.However,corporate governance is the basis of modern enterprise system,in which the ability of corporate governance is very important to the survival and development of the company.On the other hand,the level and ability of corporate governance with mixed-ownership is a severe test for state-owned capital and private capital.Under the background,it selects Huashui Science and Technology as a case study in this paper,which describes a series of corporate governance problems of the company after the mixture of state-owned capital and private capital,and makes an objective analysis of the existing corporate governance.Through the combination of the concept of corporate governance,the concept of mixed-ownership,principal-agent theory,information asymmetry theory,ownership structure theory,management rights theory and other theories,it analyzes the defects of corporate governance structure,the system difference between state-owned capital and private capital,the target difference between state-owned capital and private capital,and the difference of enterprise culture,as well as the causes of the failure to realize the Pareto Optimality of mixed reform and so on.As a result,it puts forward the countermeasures and suggestions for improving the governance level of Huashui Science and Technology Company in this paper.As for the optimization of corporate governance structure of Huashui Science and Technology and similar mixed-ownership enterprises in this paper,it has certain reference value.Meanwhile,it is of reference significance to optimize the corporate governance of mixed-ownership enterprises and reduce the cost of governance in practice.