FU Dao-qing, LIU Xin. An Analysis on Model of Board Structure and Its Efficiency[J]. Journal of Civil and Environmental Engineering, 2004, 26(3): 121-125.
FU Dao-qing, LIU Xin. An Analysis on Model of Board Structure and Its Efficiency[J]. Journal of Civil and Environmental Engineering, 2004, 26(3): 121-125. DOI: 10.11835/j.issn.1674-4764.2004.03.029.
The firm governing is a structure with a board as its core
and its goal is to guard the interests and rights of the shareholders and related people thru supervising the management under the condition of firm's ownership and management separation. So
it is very important to know what the board structure is and whether it can work properly. Thru constructing board model and conducting theoretical and empirical analysis
in this paper
a best model of the board including the shareholders
managers and outsiders is proposed. In order to improve the efficiency of the board
attention should be paid to the following: composition of the board
separation of board director and general manager and the incentive scheme to outside board members.