公司监管法在提升公司绩效方面发挥着重要的作用。然而,实践证明,过度的法律监管会造成负面影响,主要表现为挫伤公司管理层的积极性和自信心。目前的公司法较为偏于保护投资者,对管理层的保护功能尚未健全。最好的公司法是善用商业判断规则,跳出行政执法的限制,以确保投资者、管理层都能得到合理的保护。 Corporate governance law plays an important role in enhancing corporate performance. However, practice has proved that excessive legal supervision will have a negative impact, mainly manifested as dampening the enthusiasm and confidence of the company’s management. The current company law is more protective of investors, the protection function of management has not been perfect. The best corporate law is to make good use of business judgment rules, out of the administrative enforcement of the restrictions to ensure that investors, management can be reasonably protected.