MindMap Gallery 5 Corporate Governance
CPA Corporate Strategy and Risk Management Chapter 5 The basic theories of corporate governance include principal-agent theory, resource dependence theory, and stakeholder theory.
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This is a mind map about bacteria, and its main contents include: overview, morphology, types, structure, reproduction, distribution, application, and expansion. The summary is comprehensive and meticulous, suitable as review materials.
This is a mind map about plant asexual reproduction, and its main contents include: concept, spore reproduction, vegetative reproduction, tissue culture, and buds. The summary is comprehensive and meticulous, suitable as review materials.
This is a mind map about the reproductive development of animals, and its main contents include: insects, frogs, birds, sexual reproduction, and asexual reproduction. The summary is comprehensive and meticulous, suitable as review materials.
Corporate Governance
Basic theory
Principal-agent theory, resource dependence theory, stakeholder theory
Three major issues in corporate governance
Insider control (agency corporate governance issues)
main performance
breach of duty of loyalty
(1) Excessive on-the-job consumption; blind over-investment
(2) Misappropriation of assets and transfer of assets
(3) Salary incentives and other incomes grow too fast and encroach on profits
(4) Accounting information writers and financial fraud
(5) Build a personal empire
Breach of duty of diligence
(1) Information disclosed is incomplete and not timely
(2) Perfunctory and lazy inaction
(3) Financial leverage is overly conservative
(4) Operations are too stable and lack innovation
Basic countermeasures
Improve the corporate governance system and increase supervision
Strengthen the supervisory responsibilities of the board of supervisors and form a system of full checks and balances within the enterprise
Strengthen internal audit work
Improve and strengthen the company’s external supervision system
Tunneling Theory (Predatory Corporate Governance Issues)
main performance
Misuse of company resources and breach of duty of diligence
social responsibility
Taking up company resources and violating the duty of loyalty
Directly occupy resources
Related party transactions (cost sharing)
predatory financial activities
predatory financing activities
insider trading
Predatory money operations
excess dividends
Basic countermeasures
cumulative voting
Improve the shareholder exit mechanism
Improve the proxy voting rights of small shareholders
Establish an effective shareholder compensation system for civil acts
Establish a voting rights avoidance system
Issues between the company and other stakeholders
corporate governance structure
internal governance structure
Shareholders' meeting, institutional investors, board of directors, board of supervisors, management
State-owned enterprise party committees and party groups at all levels
Party committee >100 5911 (Hopefully elected by the congress and party member conference for a term of 5 years)
50<General Party Branch<100 579
Party branch >3 357
external governance structure
Market
Competition Bankruptcy
capital market
Acquisition Substitution
managers market
reputation and personal competitiveness
infrastructure
information disclosure system
Intermediaries-clubs, investment banks, law firms
laws and regulations
Government Regulation (4)
Legal supervision (passive Justice Bureau)
Administrative supervision (China Securities Regulatory Commission)
Market environment supervision
Information Disclosure Supervision China Securities Regulatory Commission Stock Exchange
Public opinion supervision