On The Perfection Of Independent Director System Of Listed Companies In China

The independent director system originated in the United States because of its management of the company has changed the traditional structure, improve the company’s regulatory effect, countries have to follow the American independent director system in order to change their corporate structure boss.The main objective of introduction the independent director system in China is to improve the situation of inadequate supervision of listed companies,constrained the controlling shareholder and actual controller,due to enhance the governance level and comprehensive strength of China’s listed companies. Our main reason for the introduction of independent directors is a series of problems in the process of economic reform, such as equity is too concentrated, the Board of Supervisors failure, internal control problems, the introduction of independent directors is to improve the corporate governance structure, to protect the interests of minority shareholders and further enhance our governance of listed companies and the overall strength. Therefore, this article by drawing independent director system Britain and other developed countries, combined with the current status quo on how to establish and improve China’s listed companies independent child thing regime conducted a preliminary exploration, aimed at improving corporate governance structure, promote standardized operation of listed companies.The first part:the basic theory of the independent director system.This chapter firstly analyses the connotation and characteristics of independent directors;Then introduces the origin and development process of the independent director system;Finally introduce the relevant theory of the independent director system, which laid a theoretical foundation for the following research.Finally, the independent directors of listed companies in China to introduce the background and history of the system.The second part:the current situation and existing problems of the independent director system.Focuses on the independent director system in China is actually running in the status of the company as well as our independent director system problems such as the lack of relevant laws and regulations, the conflict between independent directors and board of supervisors, the exercise of independentdirectors defect mechanisms and so on.The third part:Western countries solve the independence of the independent directors of listed companies to compare with the experience of our country, analyzes the limitations of and learn from the best practices of foreign independent directors need independence in our practice. The forth part of the Improvement of Independent Director System for the plight system of independent directors of listed companies in China, combined with China’s national conditions on the basis of some of their own views, and also proposed to improve the supporting systems and system viable sexual countermeasures.