The improvement of corporate governance structure

Close attention is being paid to the corporate governance structure with the deepening of the reform of state - owned enterprises. The effectiveness of corporate governance will influence the development of the market economy and the progress of the society directly. Therefore the improvement of corporate governance structure is the hot subject on the theoretical study of the company law. This article contends that property rights are in core position during the process of the improvement of property right structures. Therefore companies should be operated under direct guidance of the board of directors and improve their supervision mechanism and democratic management system. It is necessary to separate managerial authority rights from others under special circumstances of our state-owned enterprises. This article is focused on limited companies.