The Rethinking Of Perfecting The Independent Director's System In China

An enthusiastic discussion has been launched around the independent director's system since 1990s. There are various opinions whether it is necessary or not and how to set up the independent director's system. Scholars have putted forward a lot of valuable views and suggestions. Since the 21st century, especially"The newly revised corporation law"had been issued in 2005. Whether set up the system or not is no longer important, the current urgent affair is how to further improve the system. Therefore , it is very necessary to think again combining practice of our country about the relevant questions.Undoubtedly, because of introduction of the independent director's system, the corporation governance and the science and democracy of the decision of listed company has improved . However, as a transplanted legal system, the independent director's system is a new thing. It still fails to totally incorporate this stretch of soil in China. The current urgent affair is how to further improve the independent director's system and make it embedding Chinese company management, giving full play to improve corporation governance. The background and current development situation of the independent director's system has been investigated. Since the independent director's system was introduced, it has already produced certain positive function in practice. But it has not reached the expected target. And then various factors that restrain the independent director's system function are analyzed. On that basis, suggestions have offered to improve the independent director's system of our country.The text was divided in five major parts together:Part one: The origin of the independent director's system and the development in our country is explained. Part two: The introduction of the independent director's system in our country was analyzed.Part three: The current situation of independent director's system in our country was explained. It has already produced certain positive function in practice, But it has not reached the expected target.Part four: Factors that restrains the independent director's system's function is deeply analyzed.Part five: The proposal of improving the independent director's system of our country was putted forward in the system and its external environment condition.The innovation of this text is no longer follows the scholar in the past that only focus reason of the system. The conflict and collision between the independent director's system and China's traditional culture was fully considered.