国有控股上市公司改革治理的对策研究.pdfVIP

要 经过十多年的发展，国有控股上市公司对我国的经济发展起到越来越重要的 作用。但也不可否认，在我国国有控股上市公司发展过程中，也出现了一些问题， 比如说由于国有股一股独大、一股独霸，规范的法人治理结构难以真正有效建立 起来；尽管对独立董事有专门的规定，但事实上独立董事不可能独立，其作用得 不到有效发挥；国有资产的委托代理关系在实际的经济生活中难以真正明确，代 理人与被代理人之间的关系模糊不清；内部人控制问 长期存在，经理层权力过 大且没有有效的制约机制等等。 针对上述问题，本文从几个方面了提出国有控股上市公司治理改革的对策。 比如说优化股权结 ，实行股权多元化，稀释国有股的比例；规范董事会运作， 健全董事会制度，优化董事会的决策程序，保持董事会的独立性；强化监事会作 用，保证监事会的监督治理机能正常运转；完善经营层运行机制，使经理人员既 享有充分的经营管理权，又尽职尽责地 行义务；实行民主管理，充分调动员工 参与公司生产经营管理的积极性；建立职责明确、内外结合、覆盖各方面的监控 体系等等。 本文参考还国际著名公司治理评价系统，创造性地提出了以股东权益与控股 股东、董事以及董事会、监事以及监事会、经理层、信息披露以及利益相关者六 个维度 成的国有控股上市公司治理评价指标体系，为国有控股上市公司的治理 评价提供了科学依据。 关键词：国有控股 上市公司 公司治理结 对策研究 1 Abstract Although the state-holding listed companies have been playing an increasingly vital role in economic development of China in recent 10 years, it can t be denied that there are some problems during the developmental course of state-holding listed companies in China, such as it is difficult to build normal corporate governance structure because state-owned stock is large and dominated exclusively; independent director can t be really independent and play an effective role although there are special regulations about it ; relation between client and agent of state-run assets is hard to be clear in real economic life while relation between agent and quilt agent is ambiguous; the problem of the insider s control has existed for a long time; managers have too big power and there are no effective restriction mechanism. Aiming at the problems described above, this paper puts forward countermeasures of managing reform of the state-holding listed companies from several respects, such as optimizing the structure of stock right, implementing the pluralism of stock right, and diluting the proportion of the state-owned stock; Standardizing the