Analysis of the Effect of Equity Division Reform on Listed Companies' Governance

Different shareholder structure in various countries has created the diversity in corporate governance.In Anglo-American countries,the main issue existing in corporate governance is the conflict interest between managers and shareholders.Therefore,finding better ways to improve and supervise managers' day to day operation are given more attention.Most big companies in other countries have focused on protecting the rights of minor shareholders,because of the concentrating of shares in few main shareholders.In China,the existing of equity division has created more problems and made corporate governance in listed companies become more complicated.Equity division reform is conducive to eliminate dissimilation phenomena caused by the dominance of listed companies.It also promotes the improvement of shareholder structure and clarifies the basic corporate governance task for China's listed companies.