Consideration on the Path of Corporate Governance Model of Local Financial Organizations in China:A Case Study of Shenzhen,Chongqing and Other Places
Since the reform and opening up,China's financial industry has experienced vigorous development and has become a vital pillar of economic growth,in which local financial organizations play an important role.How-ever,there still exists a considerable gap between the corporate governance level of local financial organizations and the requirements of the real economy development.Based on the specificity of local financial organizations,in the principles of improving internal governance structure being the main focus and external supervision as a supplementary measure,using data from local financial organizations in Shenzhen Special Economic Zone and Chongqing Municipali-ty as a sample,this study focuses on analyzing the development of corporate governance in local financial organiza-tions.Furthermore,it proposes a path to optimizing the corporate governance model,emphasizing on aspects of defi-ning the responsibilities at all levels,improving external governance mechanisms,optimizing ownership structure and distribution mechanisms,constructing differentiated corporate governance structures,and enhancing risk control,in-centives,and information disclosure.
local financial organizationscorporate governanceconsideration on path
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