earticle

영어

The traditional design of corporate governance take shareholders’ interests as its standard, trying to place shareholders at the peak of the pyramidal corporate authority structure. By the establishment of a bottom-up responsible mechanism, it can insure the shareholders’ top-down control to the corporation. The stakeholder theory that originated in the last century treats corporation as a media of conflict and cooperation of various interests, emphasizing the balance of interests between shareholders and stakeholders. According to this theory, the corporate governance has face and deal with stakeholders’ interests claim, in addition to carrying out the shareholders’ control.

중국어

传统的公司治理结构设计以股东为本位，力求将股东置于金字塔式的公司权限结构之顶尖，通过建立自下而上负责的机制，以确保股东对公司自上而下的控制。 形成于上个世纪的利益相关者理论则将公司视为
多种利益冲突与合作的载体，强调公司股东与非股东利益相关者之间利益的平衡。 按照这一理论，公司治理结构除需落实股东控制权外，还应面对和处理非股东利益相关者的利益诉求。