Contemporary Finance & Economics ›› 2018, Vol. 0 ›› Issue (08): 92-.

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A Study of Dynamic Adjustment Path of Corporate Governance Structure under Mixed Ownership Reform

YE Ling1, WANG Ya-xing2   

  1. (1. Nanjing University of Finance and Economics, Nanjing 210023; 2. Beijing National Accounting Institute, Beijing 101312, China)
  • Received:2018-01-26 Published:2021-01-21

Abstract: The mixed ownership reform is an important breakthrough of the ownership reform of state-owned enterprises, which is helpful for state-owned enterprises to improve the property rights system, re-construct the corporate governance mechanisms, and improve the operating efficiencies. Focusing on the key link of the mixed ownership reform-effectively balanced corporate governance structure, this paper discusses the adjustment path for corporate governance structure from the four dimensions, i.e., the ownership structure, the board of directors, the supervisory board and the management. It mainly explores an effective path through which the Party committee of a company can participate in the company’s important decision-makings and carry out the governance with the three new boards. It also puts forward some related measures to improve the supervision efficiency of the independent directors and the supervisory board and explores the incentive and restraint system for the market-oriented management, so as to establish a better governance structure to promote the development of the economic enterprises with mixed-ownership. Finally this paper offers some new ideas and suggestions for the mixed ownership reform.

Key words: mixed ownership reform; corporate governance structure; dynamic adjustment