Because of imperfect in regulation, laws and market, the model brings out lots of problems such as insider - control, excessive freedom for large stockholder, no efficiency of supervisory, hollowing out the listed firm, etc. the fourth chapter : to solve the problems of corporate governance in china, we must do these things as follow : to diminish the difference of currency stock and incurrence stock, to realize that common stocks have common rights, to perfect the stimulation and control mechanism, to perfect the - structure of the board of the directors through introducing independent directors, to perfect market system and law system
Lawmaking is to aim to enhance all kinds of law ’ s efficiency factors which are confirmative degree and developmental degree and efficient social press. new laws are needed when the law demand which is asked for the variability of insider structure breaks through the intrinsic law supply because a domain ’ s insider structure changes, that is, new sub - domains appear, or intrinsic sub - domains expand or fission or shrink or die away. new laws are also needed if that situation is estimated by legislators in advance
Derek, i want you to get hold of dealer dan
It was the foreman of the jury, foster lund, a dealer in cement, lime and stone.
This paper puts emphasis on : the free - rider both in value - added and monitoring activities, puts forward that the arrangement of equity can incent the non - lead experienced venture capitalists and mitigate their motivation of free rider, suggests letting syndicators take turns to be the dealer to solve the free rider problem in monitoring activities