公司治理应当适应企业边界弹性需要（Corporate governance should adapt to the elastic demand of enterprise boundaries）.doc

公司治理应当适应企业边界弹性需要（Corporate governance should adapt to the elastic demand of enterprise boundaries） Corporate governance should adapt to the elastic demand of enterprise boundaries Hua-qiang zhang The university of California, Berkeley professor Williamson, because the analysis of the economic management enterprise boundary, won the 2009 Nobel Prize in economics, makes the enterprise boundary issue again caused the attention of people, has important inspiration significance for corporate governance. Since both practice and theory prove that the enterprise boundary is elastic, then corporate governance must maintain the unity of its tension and binding, otherwise when management as the enterprise boundary elastic clever, corporate governance will be difficult to get rid of the always put doctor. Focus on the hands beyond the boundaries In the management world, the borderline management of Welch, the worlds no. 1 CEO, has been a hit, and Mr. Welchs whirlwind has fueled a wave of corporate expansion. The reason why some private enterprises in China have broken chains in the international financial crisis is because entrepreneurs are keen to extend their operations beyond the boundaries of the enterprise, which is related to excessive expansion and speculation. Mr Williamsons win certainly offers a new way to understand and respond to the international financial crisis: corporate governance should focus on the hands that managers reach beyond the border. It should be admitted that the development of the enterprise is the continuous transition from the original boundary to the larger boundary; In transition, there exists a kind of borderline fuzzy boundary, and entrepreneurs must have some flexibility in the management of enterprises. The problem, however, is that entrepreneurs often turn the middle ground into a gray zone, where management flexibility becomes an inflationary inertia, turning the market into a horse-racing enclosure. Referred to as the lehman the river dr