Abstract：
A board undertakes two types of functions, the essential functions and the original functions. The essential functions reflects that board is a kind of organization structure system to implement corporate governance. Meanwhile, the practical board has original functions, namely constituting decision and protecting benefits of main risk undertakers. Moreover, the dynamic matching between them confirms various orientation of corporate governance. These opinions have been proved by evidence from China. The empirical study found that excellent performance companies are more consistent with the function orientation principle than financial distress companies.
WU Jiong.Function Category and Function Orientation of a Board ——A Dynamic Matching Model and Evidence from China[J] Economic Survey, 2012,V1(3): 100-105
2012 
