上市公司治理结构的缺陷第一,国有股权控制权不明确,没有明确谁是国有资产所有者的代表,谁来作为上市公司国有股的代表行使权力,形成国有股权虚置;上市公司与控股股东之间存在过多的关联交易,与控股股东在人员、财务、资产上没有实现三分开,控股股东以此控制或操纵上市公司:股权结构过于集中,国有股权“一股独占,一股独大”。沪深两市1104家 First, the control of state-owned equity is not clear, there is no clear who is the representative of the owner of state-owned assets, who will be listed as state-owned shares on behalf of the exercise of power, the formation of state-owned shares false; listed companies and controlling shareholders Excessive connected transactions exist between the controlling shareholder and the controlling shareholder in the personnel, finance and assets, and the controlling shareholder controls or manipulates the listed company: the ownership structure is too concentrated and the state-owned equity ". Shanghai and Shenzhen 1104