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Design and Research of H Company’s Diversified Equity Scheme

Author: GeXiaoShuo
Tutor: QiPengHu
School: Northwestern University
Course: Business Administration
Keywords: State-owned enterprises Diversified equity Stakeholders Corporate Governance
CLC: F276.1
Type: Master's thesis
Year: 2011
Downloads: 21
Quote: 0
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Abstract


History of the development and reform of China's state-owned enterprises from China's social and economic development in the evolution of history is also a certain extent, the healthy development of the state-owned enterprises is of great significance to the development and stability of Chinese society. Because of this, the state-owned enterprise reform and restructuring has been to manage academics and economists concerned about the hot spots. The Shaanxi provincial state-owned enterprises H, comprehensive use of the theory of property rights, the modern enterprise system, corporate governance, using system theory analysis method to analyze the problems of the shareholding structure of the Company H, to identify problems generated the source of further pointed out that the solution to the problem, namely equity diversified diversified reform, and the reform program design. First, the analysis of the company's equity interest in the status quo H, pointed out that the absence of owners, ownership structure, agency chain too long, due to the dominance and other issues, it is unreasonable because of its shareholding structure, lead to corporate governance the administrative Director Production, virtual actual role of the Board of Directors, the Supervisory Committee oversight functions formalization etc., and further lead to the company management, the controlling shareholder of the company administration and management, leaders of corporate control, corporate incentive allocation mechanism staff official standard thinking. Secondly, in accordance with the actual situation of the company combined with long-term business development plan to determine the principles of equity diversification diversified equity transformation can not affect the listing of the progress, financing amount is the largest non-state-owned investors shares a few principles, design diversified equity programs the introduction of non-state component of the strategic investors and executives and technical backbone equity participation. Optimize its shareholding structure, in order to establish duties, coordinate operations, and effective checks and balances of corporate governance structure to ensure the healthy operation of the company. Finally, discuss the problem of supporting measures in the implementation of company equity diversified program note, to ensure the smooth implementation of diversified equity scheme company. Through this study, obtained corporate governance is based on the enterprise's equity structure, the core of the reform of diversified equity ownership reform, the improvement of the internal governance structure is the focus of the reform of the corporate equity diversified reform of corporate diversification and long-term development The strategy combining main conclusions. In the the equity diversified reform process similar state-owned enterprises, with some reference and reference.

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CLC: > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > State - owned enterprise economy
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