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Abstract Effective monitoring of the senior management of listed companies is one of the important issues of human resource management. Effective monitoring the senior executives of listed companies helps to improve the efficiency of the company’s operations. Government agencies are the investors of the stateowned enterprises and the agent of stateowned property. Transferring to stateowned enterprises holding and strengthening corporate governance via regulations and guidelines improves the effectiveness of the monitoring in listed companies. As a result, the performance of the company plays a monitoring role of proxy variables as the above two measures, and this paper makes the empirical analysis of the effectiveness of its monitoring in listed companies. Studies have shown that government shareholding is a better for effective monitoring the senior executives and corporate performance is sensitive to change of top management. When changing top management for bad performance, motivation of shareholders is more important than corporate government mechanisms.
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Received: 28 January 2011
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2012, Vol. 9 
