Corporate governance system arrangements and organizational design

Author: Xu Xiangyi
Publisher:
Publish Date: 2006-01-01
Features: This book is divided into 9 chapters. Chapter 1: Evolution and Critique of Corporate Governance Theory. Since the 1980s, corporate governance has become a common issue faced by market economy countries worldwide, emerging as a core topic in modern enterprise theory research in Western countries, and generating a large number of theoretical research achievements and highly practical corporate governance guidelines. Chapter 2: Institutional Arrangements of Modern Companies. Corporate systems are the result of the continuous evolution of enterprise systems throughout history. Chapter 3: Coordination and Governance of Parent-Subsidiary Relationships in Enterprise Groups. With the rapid development of information technology, the form of enterprises has shown a trend toward higher advancement, with intermediate organizational forms such as internal organizational networks within enterprise groups, strategic alliances, and virtual enterprises increasingly becoming issues that corporate governance research cannot avoid. The boundaries of governance have tended to expand and become blurred, extending beyond the scope of corporate legal boundaries and into the range of actual control that companies can implement. Chapter 4: Protection of Shareholder Rights and Exit Mechanisms. In corporate systems, the protection of shareholder rights not only reflects how shareholders enter and participate in the governance of the company but is more importantly about how shareholders exit the company and terminate their principal-agent relationship with the company's agents. Chapter 5: Design and Operational Mechanisms of the Board of Directors in Corporate Governance. Research on the board of directors domestically and internationally has gone through a process from the existence of the board to the internal operations of the board and the evaluation of the board. Chapter 6: Independent Director System in Corporate Governance. The successful implementation of any system depends on the social, political, economic, and legal environment in which it operates, each having its own operational mechanisms, especially the experiences and lessons learned during the process. Chapter 7: Regulation and Governance of Related Party Transactions of Listed Companies. With the development of China's securities market and the advancement of modern enterprise systems, raising capital directly through the stock market to seek a controlling parent company and its affiliated enterprises. Chapter 8: Equity Structure and Corporate Governance Performance. In the typical principal-agent relationship of companies, how to strengthen the supervision and incentives for agents has become an issue that no company can avoid. Chapter 9: Accounting Information Regulation of Listed Companies. Due to the separation of ownership and management in listed companies, managers and other stakeholders face information asymmetry.