伊利vs蒙牛 集权与多元化股权结构的较量（Yili vs Mengnius centralization and diversification of ownership structure contest）.docVIP

伊利vs蒙牛 集权与多元化股权结构的较量（Yili vs Mengnius centralization and diversification of ownership structure contest） Yili and Mengniu will come together sooner or later, Niu Genshengs implication may point to the fierce competition in the two corporate governance models As the mainland listed companies Yili, independent director of the board of directors of the company to storm into a serious crisis. Due to the failure to fully fulfill the obligations of information disclosure, the credibility of Yili shares has been widely questioned by the market, and the securities regulatory authorities have been involved in the investigation. And Yili with a city in Mengniu, but chose to supervise more stringent Hongkong listing, in the face of higher transparency requirements of information disclosure. Yili and Mengniu these two sources of enterprise, in the corporate governance has chosen a very different path, in the end will produce any different results? Good stock crisis In June 15, 2004, Yili (600887, SH) of the board of directors of three independent directors Yu Bowei, Guo Xiaochuan and Wang Bin issued a declaration of independence requirements, hire an independent audit agency of Yili funds flow, bond transactions and Hohhot Huashi trading company (hereinafter referred to as the China World Trade) to conduct a special audit and other issues. Two days later, Yili announced that the interim meeting of the board of directors for the formation of the resolution, the independent director Yu Bowei associated transactions with the listed company through a close relationship with the company, and a large amount of related party transactions, demanded the dismissal of Yu Bowei independent director, and on the next day, detailed disclosure of related transaction details. Independent directors and corporate parties each one sticks to his argument, tit for tat. Independent directors questioned mainly in two points: first, investment in treasury bonds; two, the fifth largest shareholder of Yi