关键词: 监事会, 治理特征, 股东监事, 职工监事, 监督绩效

Abstract: The critical influencing factors on the supervisory board's governance were found out by the gray correlated analysis. Then, the structural/operational characteristics of a corporate supervisory board were discussed with such variables as independence, initiative and efficiency selected to measure the governance feature. And the percentages of shareholder supervisors, staff supervisors and independent supervisors were selected to measure the personnel nature, with the level of financial supervision, the governance indices of the board of directors, all executives and stakeholders and information disclosure index selected to measure the supervision performance. The results revealed that the efficiency among all of governance feature indices especially the percentage of shareholder supervisors among personnel nature indices greatly affect the supervision performance. Therefore, the key to improve the performance of supervisory board's governance of all Chinese listed companies at present is to enhance the efficiency of supervisory board's governance and shareholder supervisors' participation in the governance.