公司治理的理论基础及制度安排

Abstract

本文认为,由于契约的不完备性导致剩余索取权和剩余控制权的存在,使得公司治理成为必要。理论上公司治理是剩余控制权和剩余索取权要有对应的企业制度安排;实践中公司治理是指董事会等结构安排,包括独立董事、内部审计的任命、授权,以及恰当的股权结构安排等。

the article thinks that the imperfection of a contract causes the appearance of residual power of controlling an entity and residual power of coming down on the earning, and makes corporate governance be necessary. In theory, corporate governance is a series of arrangement of entity system, which can make residual power of controlling an entity and residual power of coming down on the earning correspond with each other. In practice, corporate governance means the structure arrangement of board of director, including appointing and empowering to independent director, inner auditor, and right structure of stock holding.