“债转股”企业治理评价体系研究

Research on Corporate Governance Evaluation System in Debt-equity Swap Firms

资产管理公司应在债转股企业中确立共同治理原则 ,发挥积极机构投资者的主导功能。针对资产管理公司股权管理实践 ,本文提出债转股企业治理评价体系包括关键股东影响、财务信息披露、董事会责任感、经理层考核激励、企业关系管理等五个方面。资产管理公司应建立统一、公开的治理评价体系 ,以之作为诊断并改善债转股企业治理的工具。

As the special stockholder, Asset Management Corporation (AMC) should establish the stakeholder co-governance mechanism in debt-equity swap (DES) firms in China, and strengthen its financial controlling function through capital management system. Based on the AMC's practicing, the paper provides a corporate governance evaluation system aimed at DES firms, which is made up of key stockholder's role, financial information disclosure, board responsibility, management evaluate and incentive, stakeholder relationship. AMC should set up the united, publicity evaluation system, and accelerate the reform of DES firms.