Notice of RetractionPrivate benefit behavior of control right corporate governance and local government´s supervision defaults — Based on the case of Sichuanjinding

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Under the condition of full circulation, how to harmonize the benefit of control stock holders and small and medium sized holders becomes the hot topic of current times. How to keep away moral behavior and private benefit of control stock holder´s effectively is the tough task which corporate governance faces under the serious information asymmetry. This paper takes Sichuanjinding for example, analyses the private benefit behaviors of control holders in full circulation circumstance, points out the defaults of corporate governance and local government´s supervision. Finally, author puts up some revelations and suggestions.