公司治理、公司政治机制及股东、董事、经理之间的权力配置

与其把公司治理理解为由外部力量强制“规定”的模式,还不如理解为一种保护弱势利益人的利益的一套制度安排。公司治理是经过博弈而形成的暂时均衡,各方利益人的博弈形成了公司政治机制,使得公司权力配置在动态中寻找平衡,而权力斗争使公司看起来象一个政治舞台。

Corporate Governance, Corporate Political System and the Assignment of Power among Shareholders, Directors and Managers

It is better to understand the corporate governance as a system, which protects the less advantage than a forcing regulation. Corporate governance is a temporary balanced state. The game of all the beneficiaries form the corporate governance system, leading to the balance of power in dynamic state. However, the struggle for power makes the corporate a political stage.