Empirical Research On The Determinants Of Independent Directors Compensation

With the development of independent directors institution in China, it plays an active role in improving corporate governance and protecting the equities of middle and small stockholders and so on, but it is not as people anticipate. Especially the independence of independent directors is queried widely. The reasons that make independent directors without independence are as many as election mechanism, restraint mechanism, compensation system etc, among them, compensation system is very critical. Based on the past research, the author of this thesis applied professional method to make a further research on the determinants of independent directors compensation by the evidence from the listed companies of Sichuan. The author designed comprehensive and reasonable independent variables and at the same time tested three limitations that likely came forth in course of multiple linear regression and dealt with them accordingly so that the conclusions that the author drew were made more scientific. Finally according to these empirical conclusions, the author advised the listed companies of Sichuan on solving the problems between independence and compensation motivation and improving compensation...