Summary of trust industry

It can be seen that trust and investment companies are in capital-intensive and intelligence-intensive industries, and their basic function is "entrusted by people to manage money on their behalf", facing the rapidly changing capital market and money market. Therefore, new requirements are put forward for the corporate governance model.

It is necessary to break through the shackles of the traditional governance model and highlight the efficiency of business decision-making activities. The traditional corporate governance structure refers to the governance structure based on monetary capital (investors' contribution) and centered on the definition of rights and obligations of owners and operators of monetary capital. It mainly involves the authority of the board of directors and general manager in the company's operation and the function setting of shareholders' meeting, board of directors and board of supervisors. In this corporate governance structure, the general manager is mainly responsible for the company's daily business activities, while the board of directors is mainly responsible for the company's major business decision-making activities.

This is the corporate governance mode generally adopted by most domestic enterprises. Due to the variability of capital market and money market, higher requirements are put forward for the decision-making activities of operators. In order to improve management efficiency, it is objectively necessary to give managers greater decision-making authority. In order to reduce mistakes in decision-making activities, it is objectively necessary to set up a decision-making advisory body to provide decision-making reference for operators.

Highlight the position and function of human capital. Trust and investment companies are intelligence-intensive industries. The key to the development, reputation and the ability to maintain and increase social assets of trust and investment companies lies in "expert financial management". Therefore, it is fundamental for trust and investment companies to cultivate and bring up a large number of talented people with knowledge, development vision and innovative consciousness and apply them to practice. Although the formulation of human capital is different from the current company law in China, from the perspective of development and industry characteristics, the concept of human capital should be introduced into the planning and design of the governance structure of trust and investment companies, and its status and role, incentives and constraints should be determined, especially its legal status in the composition of property rights.