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The Research on the Construction of the Board of Directors of State-Owned Individual Proprietorship Companies

Author: LiuQiang
Tutor: JuXiaoFeng
School: Harbin Institute of Technology
Course: Management Science and Engineering
Keywords: State-owned individual proprietorship companies The board of directors Corporate governance structure
CLC: F275
Type: Master's thesis
Year: 2008
Downloads: 208
Quote: 0
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Abstract


The establishment of standardized board of directors of state-owned individual proprietorship companies is the demand that the investor of the company pulls his weightjob and achieves scientific decision-making and the companies make for internationalization. As a pillar of the national economy,the state-owned individual proprietorship companies must establish and perfect the board of directors for achieving clearly defined property rights as well as rights and responsibilities of enterprises, the separation of the government and enterprise, the scientific management, the creating of a sound decision-making, implementation and monitoring systems to enable the enterprise become the legal entities and the main body of market competition for independent management and sole responsibility for its profits or losses. But currently the board of directors of the state-owned individual proprietorship company runs short of the concrete ways and valid means that can exert function, it has lower proportion of the exterior directors, and the relations between board of directors and managers and organization of the party does not rationalized. It also has the problem of the deficiencies of the directors selection, encouragement and evaluation mechanism and the inadequacy of the talented resources issues of directors, thus they all affect the function exertion of the board of directors.This paper forms the mechanism requests of checks and balances among the power organization, the policy-making organization, the supervising organization and managers according to the right and duty that normalizes the shareholders, board of directors, board of supervisors and managers in term of the Third Plenum of the 16th CPC Central Committee. The paper summarizes the main existing problems in the construction of the board of directors of state-owned companies and analyses the main reasons profoundly. On the basis of the research of the status and characteristic of the construction of the board of directors in England, France, Germany, Sweden, Singapore and other countries in state-owned individual proprietorship companies, the paper carries on the set up of the board of directors in our state-owned individual proprietorship companies systematically with a view to their characteristics. Then the paper puts forward to the guiding ideology, principles and location of functions; it forms the board of directors in the state-owned individual proprietorship companies from two aspects of the scale and structure; it studies the construction of the system of the board of the directors from the aspects of the rules of procedure, the duty of each specialized committee, the management systems of the board of directors to the managers and other management systems; the paper carries on research of the directors management from the aspects of the selection and engagement, trainment, evaluation, encouragement and obligation ect.. The paper carries on research of the evaluation of the board of directors from the contents, mode and index system and the evaluation processes these three aspects.In order to build up the standardized board of directors of the state-owned individual proprietorship companies, the paper concludes that the companies must further rationalize the personnel management system, perfect the organization of the board of directors, consummate the corporate governance law, regulation and systems, pinpoint the relation between the board of directors and the board of supervisors, party organization and managers and their responsibilities and procedures in the management of the companies, and strengthen the troops construction of the directors with abilities. At the same time, we must speed up the construction of《state-owned property law》,《the guidelines for the construction of the board of directors》, the evaluation measures and the management system of the board of directors, build up the directors` responsibility system and cultivate the directors` occupation market in order to ensure the canonical and effective operation of board of directors in the state-owned individual proprietorship companies.

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CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
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