Comparative Study On The Independent Director Systems In China And Foreign Countries

From the 1990's, the study on independent director system is has become the focus of the study of many subjects, such as economics and law science, As a way to strengthen the company's supervise and control, and to perfect the decision-making mechanism, independent director system has almost been put in the agenda of the management and reform of the companies of all countries.Due to its unique characteristics, independent director system can effectively supervise and assess the board, realize the perfection of the management structure of the company. Hence, the improvement of independent director system has become the common choice for the reform of management reform of many countries. At the beginning of this century, our country also introduces the independent director system in the listed companies with an aim to improve the present situation of poor corporate management. At the present time, the our country, the construction of independent director system is just in the exploration stage, comparing with the foreign mature theory, the study of its theory and system. There are still many problems to deal with in the practice of independent director.This article aims at probing into an effective approach on establishing and perfecting our country's independent director system by comparing and using for reference the advanced experience of west countries. Combining the theory analysis and the empirical study, this article gives a comprehensive exposition of the related problems of independent director system on the basis of the comparative study of Chinese and foreign independent director systems. In order to avoid the unaccustomed possibility in the process on introducing the independent director system, it discuses the coordination and combination of independent director system and, referring to the foreign successful experiences, it proposes some advice and suggestions to the perfection of independent director system in our country. But one point should be paid attention to is that to make independent director system truly perform its roles in our country, it is necessary to perfect the construction of the external environment of the operation of independent director system, and building up the environment of external lawwhich matches it as well as the construction of independent director system itself. Only by this can corporate governance structure of the companies in our country develop in the benign track, can it perform its roles truly, and this is also the true value of the introduction of the independent director system in our country.