How to treat the operation of corporate governance structure after the restructuring of state-owned companies?
As we all know, the corporate governance structure of China Company is not perfect, and there is almost no normal operation. On the one hand, after the restructuring of state-owned companies, state-owned holding companies become flop companies, and companies also have administrative levels, and cadres are appointed by superiors. This corporate governance structure has become a cadre position and a middle and high-level leadership position. Everyone is responsible for those who issue positions and official hats, and they have not really fulfilled their responsibilities for the enterprise. The corporate governance structure of the flop company is absurd and invalid. On the other hand, some enterprises have been completely reorganized and become first-class companies. At this time, the governance structure becomes a family enterprise or a private enterprise. Although there are names such as board of directors, board of supervisors, trade unions and independent directors. Basically, one person has the final say, others are decorations and puppets and can be mobilized and changed at will. Therefore, the shareholding system reform in China has generally failed, and there is basically no particularly standardized corporate governance structure. Shareholders of listed companies are speculators, who never pay attention to the development and profit of enterprises. Representatives of state-owned shares are bought off and are obedient or indifferent to private placement. Private shareholders are dominant, the rights and interests of minority shareholders can not be maintained at all, and related party transactions are prevalent, which is too chaotic. What is the reason? The tax is too heavy. No one in China's joint-stock enterprises is willing to pay taxes. No matter how much money they earn, they all have a slight loss or a slight surplus. This is a hidden rule that all enterprises must abide by. It is also the reason why minority shareholders dare not pay dividends. Enterprises don't pay dividends, and all profits are made by making false accounts, so the person in charge of financial management has the final say. The big shareholders bully the small shareholders, but the board of supervisors turns a blind eye. Everyone thinks that tax evasion is the first priority, and it doesn't matter whether dividends are paid or not. It is not cost-effective to pay huge taxes to the state for dividends. What is the use of such a governance structure? It's useless. So the only way to solve the problem of corporate governance structure is to reduce taxes. You should discuss this matter with the state government.