公司治理模式由法律渊源、政治环境、资本市场发展等多种因素综合作用而形成。日德公司治理模式的成功证明基于集中股权结构的公司治理体系是可行的。英美公司治理模式建立在发达的资本市场和完善的法律体系上。建立我国公司治理模式或依赖于完善外部市场体系和法律体系等治理环境,或依赖于集中股权结构条件下大股东的监督和治理机制。
The formation of corporate governance mode is a comprehensive result of legal origins, political environment and the development of capital market. The success of Japan-Germany corporate governance mode proves that it is feasible for a kind of corporate governance system based on concentrated ownership structure, while British and American mode is workable on the basis of developed capital market and perfect legal system. Therefore the establishment of Chinese corporate governance mode should rely on external governance environment such as perfect market and legal system, or rely on internal governance mechanism and supervision of block shareholder based on concentrated ownership structure.