目前,国内在公司治理的研究中主要立足于权力的制衡来展开,把权力的制衡当作公司内部治理结构和治理机制设计的逻辑起点。作者认为,单纯的权力制衡根本无法解决国有企业运作中存在的管理腐败和运作低效.相反,权力制衡成为中国国有企业治理低效的根源。作者在分析权力制衡无法解决国有企业中存在的管理腐败问题的基础上,提出决策权导向是公司治理的目标取向。 At present, domestic research in corporate governance is mainly based on the balance of power, and the balance of power is taken as the logical starting point for the design of corporate internal governance structure and governance mechanism. The author believes that simple checks and balances of power simply cannot solve the problems of management corruption and operational inefficiency in the operation of state-owned enterprises. On the contrary, the balance of power has become the root cause of the low efficiency of Chinese state-owned enterprises. The author analyzes the power balance and cannot solve the problem of management corruption in the state-owned enterprises, and puts forward that decision-making authority is the goal orientation of corporate governance.