International Comparative Research Of Independent Director Institution

The present competition is mainly embodied in the company competition and resulted survival of the fittest in globalization era. So the qualification of both national economy and capital market development highly depends on the corporate governance mechanism. The independence of a board totally impacts the corporate governance level, and perfect independent director institution is an important crutch of independence of the board. In other words, the independence of independent director mainly determines the independence of the board. Under our special corporate institution and framework background in China, independent director institution and independence of the board are obviously kinds of rare, frail and valuable resources.First, the thesis is developed with a concept of independent director institution, analyzing the origin, development and function of it. Second, it briefly introduced the practice both in China and abroad, and proposed the current problems in Chinese independent director institution construction. Third, it contributed to the international comparative research in independent director institution. At last, the thesis proposed some useful advices on Chinese independent director institution accomplishment.