Why do we have companies and businesses? How exactly does business work? What exactly is wrong with Chinese businesses and companies?
Economist Zhang Weiying's core work on corporate governance provides China with an "entrepreneur-centered corporate governance model." Only by solving the flaws in the property rights system can we break through the bottleneck of growth.
Corporate governance structure is the relationship between all business participants and their stakeholders.
The core issue of corporate governance structure is how to allocate the enterprise's residual claim rights and control rights among different enterprise participants.
The effectiveness of corporate governance structure mainly depends on four aspects of institutional arrangements: enterprise ownership arrangements, national legal systems, market competition and reputation mechanisms, managers' compensation systems and internal promotion systems within the enterprise.
Reader comments
The corporate governance model mentioned in this book is very interesting and reminds me of my relationship with my boyfriend. In fact, love is like running a company, which also requires a good governance structure. For example, we need to clarify each other's rights and responsibilities, and encourage and support each other to make our relationship better and better. The book also mentioned the shortcomings of the property rights system, which reminded me that we must also protect our personal space and privacy in love, and not let love lose us. In short, this book not only gave me a deeper understanding of corporate governance, but also gave me new thinking about interpersonal relationships in life.
The corporate governance model mentioned in this book is very interesting and reminds me of my relationship with my boyfriend. In fact, love is like running a company, which also requires a good governance structure. For example, we need to clarify each other's rights and responsibilities, and encourage and support each other to make our relationship better and better. The book also mentioned the shortcomings of the property rights system, which reminded me that we must also protect our personal space and privacy in love, and not let love lose us. In short, this book not only gave me a deeper understanding of corporate governance, but also gave me new thinking about interpersonal relationships in life.