Relationship Among The Board Of Directors Characteristics, Decision-making Functions And The Corporate Performance

Board of Directors,as the core of Corporate Governance,establishes company policy and is elected by the stockholders.Set up a standardized and efficient board of directors are the key to improve corporate performance.In this paper,from a theoretical point of view,we first analysis the relationship among the characteristics of the board of directors,decision-making functions of Board of Directors and the corporate performance.Then we choose listed company of China's electric power for the study sample,to 2005-2007 data for the window size,analysis the effectiveness of the Board of Directors from Seven aspects:the Board of Directors size,the Board of Directors sex ratio,the average age of members of the Board,Directors remuneration,the proportion of independent directors,the chairman of Board of Directors acts as CEO or general manager as well as the frequency of the meeting of the Board of listed companies in China.This article use theoretical and empirical research methods,attempt to obtain more accurate and valuable information and conclusions,Finally,based on the conclusions mentioned above,this paper brings forward the policy suggestion to improve the effectiveness of Board of Directors.