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《Journal of Northern Jiaotong University(Social Sciences Edition)》 2002-02
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An Approach to the Problem of Company's Internal Governance Structure

WANG Kui-zhong (Ministry of Railways, Beijing 100844, China)  
The company's internal governance structure is the core problem of establishing company ownership, which is the decisive functions for company standards and operation effectively. The China Company Act in force is trending to the structure with the emphasis on stockholders' meeting, and the power-interest-duty has been balanced in arrangement between stockholders' meeting, directors' meeting and managers' stratum. During the actual process of operation in such an arrangement, the power of stockholders' meeting is overstated; the managers hold the less legal power but the more actual power, power vs. duty is asymmetric; the making balance mechanism does not assume the post, etc.The writer considers that it is necessary to stimulate the governance standards for the governance structure in Company Act revised edition, and it should stimulate the power and duty of the "Three Meeting" and manager in detail on the company regulations. The internal governance structures should embody the different characteristics in different enterprises. The board of diretors should make good of every decision-making with the equity relationship as the axle centre.
【CateGory Index】: F276.6
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