STUDY ON IMPROVEMENT OF INTERNAL GOVERNANC
MECHANISM OF NB GROUP
A thesis submitted to
Northwest University
in partial fulfillment of the requirements
for the degree of Master
in Business Administration
By
Ma Yuqing
Supervisor: Ma XiaoyongAssociate Professor
March 2018
摘 要
I
摘 要
如今企业的发展可谓是内忧外患，并且随着企业规模的不断壮大，内忧问题变得越
来越凸显，内部治理机制的研究也逐渐为人们所重视，安内与攘外并用的发展方针也成
为现代企业的必然选择。本人在光伏行业已有五年的工作经历，为了在未来的成长过程
中能够对本企业内部治理机制问题做到正确判断，因此选择了整体较为相似的上市公司
NB集团为研究对象，对其内部治理机制加以研究总结
本文的写作是在查阅大量内部治理机制相关文献资料的基础上展开的，通过对NB
集团内部治理现状的分析总结，发现其内部治理机制仍存在股东大会权力被弱化、董事
会的结构及权力存在缺陷、代理成本与代理效率不匹配及激励与监督约束机制不够完善
的问题。接下来应用对比分析法及定量与定性相结合的分析方法总结出其内部治理机制
问题产生的主要原因有：1、股权结构影响的局限性；2、弱化董事会作用及董事会缺乏
独立性；3、监事会的监督促进作用弱化；4、激励机制没有充分发挥作用。最后结合
NB集团现阶段的实际情况从股权结构及股东大会、董事会、监事会、高管四个层面给
出了其内部治理机制的相关改进建议
通过本文的研究，实现了NB集团内部治理机制的优化，为NB集团的稳定发展提
供了内部保障，有助于增强其整体竞争实力。同时，本文的研究还提供了一套内部治理
机制改进方法，对其他股份制公司来说存在一定的借鉴意义
关键词：上市公司，内部治理，成长性
研究类型：应用研究
西北大学硕士学位论文
II
Abstract
Today the development of enterprises can be described as internal and external problems, and
as the size of the business continues to grow, internal problems have become more prominent,
the research on the internal governance mechanism has also gradually taken people's attention,
the development guideline of both internal and external security has also become the
inevitable choice of modern enterprises. I have been working in the PV industry for five years,
in order to judge the internal governance mechanism of my own enterprise correctly in the
future, therefore, we choose the NB group which is more similar to mine as the research
object to research and summarize its internal governance mechanism.
The writing of this article is based on the review of a large number of documents related to
the internal governance mechanism, through analyzing and summarizing the internal
governance status of NB group, it finds that the internal governance mechanism still has the
problems of weakening the power of stockholders' meeting, having the defects of the structure
and power of the board of directors, the mismatch of agency costs and agency efficiency and
the imperfection of the incentive and restraint mechanisms. Then through the application of
contrastive analysis and the combination of quantitative and qualitative analysis to summarize
the main reasons for its internal governance mechanism problems, it mainly includes: 1. The
limitations of the influence of equity structure; 2. The effects of the board of directors were
weakened and the lack of independence of it; 3. Supervisory board's supervision and
promotion function were weakened; 4. Incentive mechanism do not play the full role. In the
end with the actual situation of NB group at this stage the relevant suggestions for
improvement of the internal governance mechanism were proposed, based on the equity
structure and the shareholders' meeting, the board of directors, the board of supervisors, and
the senior management.
Through the research in this article, the optimization of internal governance mechanism of NB
group has been realized, it provides internal guarantee for the stable development of NB
Group and helps to enhance its overall competitive strength. At the same time, the research of
this article also provides a set of improved methods of internal governance mechanism, which
also has certain reference to other joint-stock companies.
Key Words：Listed company, Internal governance, Growth
Research Type：Applied research。