Research On Improvement Of Financial Management Of X Power Company

Electricity is an indispensable product in the daily life of the people and is related to the fundamentals of people's livelihood.In China,the power industry,as a monopoly industry,enjoys the state's administrative support for a long time,the company's competitiveness is poor,and its financial governance awareness is weak.In the aspect of financial governance,there are mainly the following problems: the lack of property rights;the financial supervision is in the form,unable to effectively supervise the company's management,and it is prone to internal control;the incentive method is relatively simple,mainly based on short-term incentives.Insufficient long-term incentives can easily affect the enthusiasm of employees and cause the loss of key employees.The issue of financial governance has always been an urgent problem for power companies.This article takes X Power Company as an example to study its financial governance issues.The research significance is to improve the financial governance of the company,improve the efficiency of financial governance,and also for other companies in the industry.The optimization of financial governance is complemented by practical research.Optimizing the company's financial governance mechanism can solve the company's financial governance problems,improve the scientific and efficiency of the company's financial decisions,and on the other hand,it is in line with the current policy situation.In this paper,the analysis method combining literature and case is introduced.The background and significance of this paper are introduced in the first chapter,and the theoretical results of financial governance in domestic and foreign scholars are summarized.The second chapter summarizes the related content of financial governance and financial Some theories related to governance lay the theoretical foundation for the writing of the follow-up papers.In the third chapter,the status quo of the production and management of X Power Company and the status quo of financial governance are sorted out,and the financial governance problems they face are pointed out and the reasons are analyzed.It is based on the actual situation of X Power Company to give measures to optimize the company's financial governance.Through research,it is found that under the general trend of power system reform,mixed ownership reform is an important measure for power companies to clarify property rights,optimize resource allocation,and improve operational efficiency.