保险公司治理特殊性分析——三家上市保险公司的案例研究

摘要

保险公司治理不同于一般上市公司治理，不是公司治理理论在保险业的简单应用，而是治理理论与保险行业特殊性的有机结合。本文基于三家A股上市保险公司案例，以保险公司经营的特殊性为逻辑起点，深入剖析了保险公司各治理要素的特殊性，建立了涵盖治理目标、治理原则、治理结构与机制、治理风险、治理评价和治理监管等要素的保险公司治理特殊性分析逻辑框架，提出保险公司治理的首要目标是解决股东和债权人之间的委托代理问题，而非经典的股东管理者以及大小股东问的委托代理问题。%Unlike general corporate governance, insurers＇ governance is not a simple application of general corporate governance theory in the insurance industry, but a organic combination with the particularity of the insurance industry. This paper started from the special nature of insurer＇s operation, and analyzed in depth the various elements of governance mechanism, covering gov- ernance objectives, governance codes and mechanism, governance risks, evaluation, and governance supervision. This study proposes that the prime objective of the governance of insurance companies is to settle the principal-agent problem between shareholders and creditors rather than shareholder governors.