The board of directors as the core of company governance mechanism in one of the company is one of the important decision-making and supervision agencies. Establish a standardized and highly efficient board is constructing the modern corporation governance structure of the key. For the modern enterprise system is concerned, give full play to the directors at the corporate governance of the functions and deal with his and corporate governance in other part is the link between the company system to better the role of central subject and important guarantee. Modern company management problems is often a big shareholders medium and small shareholders between agency problems. Big shareholders can not only obtain investment income but also through erosion small investors interests. For the modern enterprise concerned board is not only an important part of corporate governance, and is the internal management structure of the core, we've been through the board of directors of board governance mechanism characteristic to study, and obtain illegitimate gains much can serve as board governance efficiency of feedback index.
This paper first degrees board feature made a review, coupled with the board of directors of the listed company violates compasses behavior characteristic, makes a brief analysis of the influence, and then discusses the listed companies in the big shareholders tunneling of characters and causes, coupled with the listed company market operation characteristics and studied the board of directors of listed companies between ACTS of tunneling influence, finally, summarizes research conclusion and paper on how to improve board governance curtailing big shareholders tunneling gives some policy Suggestions.