A Comparative Study Of Independent Director System Of Chinese And American Listed Companies

As the world economy integration, the development of globalization andinternationalization of the capital market, the growing competition in the internationalcapital market, facing the huge challenge and risk, in terms of modern corporategovernance structure, the independent director system shows great superiority, moreand more to set up the independent directors of listed companies in order to reduce theoperating risk of the enterprise, and with the constant innovation of corporategovernance structure and the development of science and technology, implementationof the independent director system of listed companies become the construction ofcorporate governance structure of listed companies is not essential to the Settings.Based on the independent director system and the comparative analysis of theindependent director system in China as the breakthrough point, combined with themodern world development trend of the modern corporate governance as well as thestatus and problem of independent director system in our country, the law how to dealwith the global trend of the independent director system in our country has carried onthe preliminary discussion.This article is divided into introduction, body and conclusion of three parts,including text in four parts: the first part is the director of the system and the conceptof the independent director system, characteristics, classification, formation, evolutionand other content to do simple elaboration; The second part is about the establishmentof the independent director system of listed company background and developmentprocess of analysis and elaboration; The third part is about the establishment anddevelopment of the independent director system in the United States brieflyexpounded; The fourth part is a comparative analysis of the independent directorsystem of China and the United States, mainly from the selected programs, corporategovernance structure, the independence of the director, director of incentivemechanism, and the legal culture of China and the United States to do meticulouscomparison, several aspects elaborated the opinions of the independent directorsystem in China and discussed the superiority of the system of independent director system of China and the United States, necessity and deep reasons. The fifth part, theindependent director system in China how to comply with the world trend ofcorporate governance put forward the corresponding countermeasures. Including thesecurities legislation guiding ideology, should clear the independent director system isthe development direction of China’s listed company governance; Perfect our countrycompany law system; Improve the system of independent director, etc.As the research direction and hope to help the development of the independentdirector system in China and tips. Due to inadequacy and lack of academicbackground, the writer in this paper, the hard to avoid the omissions and improperplaces, please the teacher and classmates.