管理层收购与公司治理

Management Buyout and Corporate Governance

所有权的配置可以产生不同的公司治理模式,而不同的公司治理模式又会对企业的组织运转和经营效率产生重要的影响,当所有权的配置影响了公司的效率时,产权就有必要发生转移,让那些真正的企业家走上前台。管理层收购正是为这种产权的转移提供了可能,并由此产生了新的公司治理模式。

The collocating of ownership can produce different patterns of corporate governance, which will affect the company operation and the efficiency of operation significantly. It is necessary to make the property right be transferred and make the real entrepreneur become the true manager when the collocating of ownership threatens the efficiency of a company. Management buyout makes the transferring of ownership possible and brings the new patterns of corporate governance into being.