Research on the Governance of the State-owned Proprietorship Companies

Yuan Qu

doi:10.54097/fbem.v10i1.10311

Authors

Yuan Qu

DOI:

https://doi.org/10.54097/fbem.v10i1.10311

Keywords:

State-owned proprietorship Companies, Corporate Governance, Company Property Structure.

Abstract

As a symbol of the innovation of modern enterprise system in China, the state-owned proprietorship company is a unique corporate form designed by the Company Law for the corporatization reform of all state-owned large and medium-sized enterprises. A solely state-owned company is a limited liability company established by the state with separate investment. Its unique equity structure and traditional governance experience of state-owned enterprises determine the uniqueness of its governance structure. In the process of establishing and improving modern enterprise systems, state-owned proprietorship companies have exposed many problems in governance, such as unclear responsibilities of investors, indistinguishable governance between government and enterprises, and incomplete corporate governance structure. The corporate governance structure is the core of a company, and without a sound corporate governance structure, it is not an excellent company, which directly affects its competitiveness. Improving the governance structure of state-owned proprietorship companies provides useful reference for the reform of state-owned enterprises in China, and is of great significance for enhancing the market competitiveness of state-owned enterprises and achieving the preservation and appreciation of state-owned assets. Based on the analysis of the current situation and existing problems of the governance structure of state-owned proprietorship companies, countermeasures are proposed to improve the governance structure of state-owned proprietorship companies in China.

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