Research On Corporate Governance Of Professional Manager System In Family Enterprises

Private enterprises are an important part of China’s economic and social development.Up to the beginning of 2018,there are more than 27 million private enterprises in China,of which family enterprises account for more than 85%.Family enterprises play an important role in creating employment opportunities,contributing GDP and social impact,so it is of great significance to discuss their governance issues.Family enterprises are experiencing an unprecedented complex period characterized by economic,geopolitical and generational change.Most of them have extensive management and will inevitably face great pressure.Familiarization once made family business flourish,but today it has become a big mountain that hinders its development.Family business has not been transformed into a governance model governed by professional managers,which has become the main internal reason hindering the development of enterprises.Many family enterprises will choose to employ professional managers to participate in the management of enterprises,but there are many problems in practice:the immature development of professional managers market,the imperfect mechanism of introducing and managing talents within enterprises,resulting in the selection and management of professional managers in family enterprises;the imperfect incentive mechanism of family enterprises,which can not effectively coordinate the principal-agent relationship.Conflict of interest;Family business has no clear division of power for professional managers,so that professional managers can not be effectively constrained while giving full play to their strengths;Family members have doubts about "outsiders" in the management of enterprises,and professional managers are in a crisis of trust due to the influence of traditional enterprise culture and traditional business model.If these governance dilemmas can not be effectively solved,they will eventually bring huge risks to enterprises.Therefore,how to introduce suitable professional managers in time and how to play the positive role of professional managers in family business management are of great theoretical and practical significance for the development and growth of family business.This paper regards the governance of professional managers in family enterprises as the research focus,and takes perfecting the mechanism of selection,management,incentive and restraint of professional managers,and exploring the solution to the crisis of trust between family enterprises and professional managers as the research content.Firstly,on the basis of the current research situation and related theoretical analysis,starting from the present stage of family business professional managers’governance dilemma,the causes of Governance Dilemma are analyzed.Secondly,combining theory with cases,through a series of financial indicators,this paper analyzed the Biguiyuan and Huiyuan juices,summarized the experience from the cases and put forward suggestions.Finally,the full text concludes that the management of professional managers directly affects the performance and development of enterprises.The governance of professional managers in family enterprises is an important part of corporate governance.Enterprises can construct professional managers system by improving the introduction mechanism of professional managers,establishing incentive and restraint system,and establishing trust mechanism.The specific countermeasures are put forward.