Author(s)

Shuting Yu

Corresponding Author

Shuting Yu

Abstract

The report of the 19th National Congress of the Communist Party of China pointed out that it is necessary to develop a mixed ownership economy and cultivate world-class enterprises. Corporate governance is the foundation for the success of mixed ownership reform. At present, the difficulty of corporate governance in mixed ownership is reflected in the conflict between the logic of property rights and the logic system of government rights, and how to effectively combine party leadership and corporate governance. Based on the perspective of organizational structure, this paper draws on the corporate governance analysis framework of CSME mixed ownership proposed by Qiao Huibo, explores the solution path of corporate governance problems after the mixed reform of state-owned enterprises, and the way in which party organizations are embedded in corporate governance institutions, and takes Unicom as a case. Further discussion. It is found that the incorporation of party organizations can help solve the problem of inconsistent business objectives of shareholders of state-owned enterprises and shareholders of private enterprises after the mixed reform of state-owned enterprises, and help to form a protection mechanism for small and medium-sized shareholders. At the same time, at the level of board governance, party organizations should be actively embedded in the board of directors and the board of supervisors, but should not be embedded in the managerial level. The selection and remuneration of managers should be determined by the market.

Keywords

Mixed ownership, State-owned enterprises, Corporate governance, Party organizations, CSME analysis framework