Administrative Structure, Operation Performance and Corporate Governance——Research of Samples from China's Listed Companies

The administrative structure reform is the core of corporate governance. Empirical study of the relationships between the administrative structure and corporate governance for some China's listed companies show that a board of directors plays more important role in corporate governance than a board of supervisors and that of executives do, the power balance between a board of directors and that of supervisors will influence the performance of supervision, an incomplete principal-agent structure of administration will be of more help to corporate governance than other structures to.