Study On The Efficiency Of Independent Director Institution

Independent Director Institution is the result of centralized leadership system.From the practical performance of Independent Director Institution in the westerncountries such as U.S.A and U.K, its implement takes effect on the consummation ofCorporate Governance to some extent. According to the actuality of listed companiesin our country, China Securities and Exchange Commission introduces IndependentDirector Institution in order to consummate Corporate Governance, promote thenormative operation of listed companies of our country.The dissertation focuses on studying the efficiency of Independent DirectorInstitution. Firstly, this essay briefly introduces the conception and the definition ofthe "independence" and "efficiency" of Independent Director Institution; secondly,expounds the development of Independent Director Institution in our country, theorientation of Independent Director Institution in the corporate governance, thedescription of the data of Independent Director Institution and the problem in theexertion of independent director's functions in China; then analyzes the factorsimpact on the efficiency of Independent Director Institution, including independentdirectors' employment, independent directors' role acted in the company andindependent directors' incentive mechanism; expose some typical problem throughthe case of Yili Industrial Group CO.,LTD., and offer advise to complete theIndependent Director Institution of listed companies.