论文部分内容阅读
公司治理结构问题所涉层面广泛,但核心是股东与管理层的委托代理关系规范的问题以及对公司资产和所创造剩余价值的索偿分配问题。在思考公司治理结构的出路时只能从促进经济增长的角度出发,为治理结构的改进提出带有阶段性和倾向性的原则,而不是试图提出一个包治百病的方案。上市公司治理结构的各参与方均是根据自己对风险收益评估的决策结果参与到上市公司的运作中来。舆论认为,高管危机的集中出现,意味着继2001年监管年后,中国上市公司的公司治理开始真正触动深层结构性矛盾和历史遗留问题。
The issue of corporate governance structure involves a wide range of issues, but the core is the issue of the normative relationship between the principal and agent of the shareholders and the management as well as the distribution of claims to the company's assets and the surplus value created. Instead of trying to come up with a solution to the problem of all-embracing, we can only propose a principled and phased approach to the improvement of the governance structure when we think about the way out of the corporate governance structure from the point of promoting economic growth. The participants in the corporate governance structure of listed companies participate in the operation of listed companies according to their own decision-making results of risk and return assessment. Public opinions argue that the concentrated emergence of senior management crisis means that after the 2001 regulatory year, the corporate governance of Chinese listed companies has really touched the deep-seated structural contradictions and issues left over by history.