Research On Corporate Governance Of Bankruptcy And Reorganization

As a legal person,the company has corresponding laws to regulate its behavior from "birth" to "death".When the company is in normal operation,the company law adjusts the code of conduct of the company.When the company is on the verge of "death",there is the bankruptcy law to remedy the situation.Recapitalization is a recipe for troubled companies.Good corporate governance mechanism is an effective guarantee for the success of corporate restructuring.Therefore,it is of theoretical and practical significance to study corporate governance in reorganization.The company during the bankruptcy reorganization was an unusual company,which was covered with a layer of black yarn facing bankruptcy liquidation,which was carried out in the shadow of bankruptcy liquidation.But at the same time,bankruptcy-reformed companies still have the potential to regain business vibrancy.In other words,through the scientific and rational establishment of the corporate governance structure in the reorganization process,the management model adopted,and how to coordinate the complex interests of the parties in the bankruptcy reorganization,all participants in the bankruptcy reorganization can have clear and clear rights.,obligations and responsibilities to achieve the purpose of successful bankruptcy reorganization.The key part of the bankruptcy restructuring company's desire to achieve restructuring is the governance of the company in bankruptcy reorganization.A good corporate governance structure can build a stable operational framework for the smooth operation of the restructuring company.Based on the theoretical knowledge of bankruptcy reorganization system and corporate governance structure,this paper studies the special influence of bankruptcy reorganization process on corporate governance from the basic concept of corporate governance,and tries to sort out the corporate governance system in the process of bankruptcy reorganization.This paper takes the corporate governance during the reorganization as the realistic foundation and further studies the corporate governance during the reorganization.Based on the particularity and complexity of the bankruptcy reorganization company,the final control,operation control and ownership of reorganization supervision of the company are analyzed from a macro perspective.From the micro perspective,this paper analyzes the influence on the corporate governance with the participation of multiple stakeholders under the two different management modes,such as the change of rights and obligations of the board of shareholders,the board of directors and the board of supervisors.Creditors' meetings,creditors' committees,administrators and courts participate in the changes in bankruptcy reorganization in order to explore a scientific and reasonable corporate governance structure.