我国上市公司治理结构建设的问题和对策.pdfVIP

Abstract Corporate governance is a kind of modem corporate administration system． Maximizing shareholder equity is the objective of corporate governance．In this control mechanism，shareholder,manager,director is on behalfofdifferent interest． In China，the history of securities market is not long，there ale so many problems of corporate governance to be solved in listed corporations，such as having not establish the correct ownership structure，non—functioning of the corporate administrate construction，motivation system not perfect enough and SO on． Firstly,listed corporations in China must reform the ownership structure．In order to reform valid ownership structure，decreasing the percent of state·ownership according to the three principles--fairness，steadiness，efficiency is necessary． Board of director’S function is very important in corporate govemance．In western countries，the percent of independent directors is increasing in recent years， now almost 1／2 to 2／3 of the Board．In China，listed corporations need to receive independent directors．Although personnel who can meet the requirements of independent director is scare，we can do what we can do． Accomplishing motivation system，options is the most popular method in the world．Listed corporations in China should make their own plan according to their di仃erent gonditiOtIS． Improving the environment of corporate governance is another important side nOW．Government policy and the development of market economy will affect the resuh ofcorporate governance directly． 前言 L (公司治理是当今国际经济界的一个热门话题，是全球市场经济国家共同面 ＼ 对的问题，而中国上市公司经过十年的发展，证券市场上已有上市公司i000多 家，可以说，作为社会主义市场经济中最重要的一部分，上市公司的规范运作、 健康发展对于我国市场经济是有特殊意义的。虽说中国上市公司在较短的时间 里，实现了从国有企业到上市公司的历史性跨越，但仍普遍存在上市未改制的 现象，公司治理中一些矛盾和问题相当突出，因而重塑公司治理的任务极为紧 迫。 公司治理结构一词源自国外，在发达国家的市场经济发展中随着上市公司 的壮大不断完善，如今世界各国在公司治理结构方面的制度安排都不尽相同， 尤其以美、德、日三国都形成了具有本国特色的、与本国经济相匹配的公司治 理结构模式。在我国，由于市场经济起步较晚，上市公司法人治理结构建设方 面仍存在很多问题，本文在分析我国上市公司治理结构面临的问题的同时，结 合我国国情提出了一系列相应的对策。。J 一， 本文共分四个部分，第一部分探讨了公司治理结构的内涵，指出公司治理 结构本质上是一种现代企业组织管理制度，是以