Causes for the Involvement of Creditors in Corporate Governance——To Examine the Relationship between Creditors and the Company

According to the Company Law,the means of protecting the credit enjoyed by the company can be divided into three levels: means outside the Company Law,means within the Company Law and means of corporate governance.Means outside the Company Law have limited protective effect and means within the Company Law are dependent and passive to the debtor corporate,failing to solve the problem of credit endangered by non-normal decrease of the company's assets.The creditors,having close ties with the company and being suppliers for its assets,have to bear the disproportionate management risk and pay bills for the shareholders for their opportunistic behaviors.Effective means of credit protection must be sought within the framework of corporate governance and creditors should maintain their voice in the disposition of the company's assets,which is well confirmed by the status of creditor protection and practice of China.