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Independent Director System In The Modern Corporate Governance Research

Posted on:2003-12-09Degree:MasterType:Thesis
Country:ChinaCandidate:X Q YuanFull Text:PDF
GTID:2206360092965150Subject:Business management
Abstract/Summary:PDF Full Text Request
Corporate management has been a common concern of the companies in the world. However, the managerial patterns may vary with heterogeneous traditions, cultural backgrounds, and political and economic systems. In the course of the world's economic development, each pattern correspondingly plays a dominant role in different periods. At present, as a special section in the company, the independent directors play an active role in balancing the benefit conflicts between shareholders and managers, supervising and regulating "inner circle control", and optimizing corporate management.In our country, introducing the system of independent directors is a gradual process. Its official debut was on Aug. 16th 2001, when China Securities Regulatory Commission issued the Guidelines for Introducing Independent Directors to the Board of Directors of Listed Companies. By researching the roles of independent directors in strengthening corporate management and operation, I think that there is still a long way for us to promote the system of independent directors in China in a real sense. Above all, this thesis is devoted to the roles and functions of independent directors in corporate management. It also deals with the advantage and disadvantage among the three typical patterns of corporate management; and focuses on the emergence, development and practical experience of independent directors in U.S.A. so as to seek a system of independent directors suitable in our country. China has its own contexts different from other countries, and its historical tradition and cultural backgrounds will have a far-reaching effect on corporate management. Thereby, based upon the context of our country, this thesis holds that our country should make active efforts.There are the effective measures to improve the corporate management in our country. In summary, at the beginning of introducing the system of independent directors into the managerial mechanism of listed companies, it is hard to produce instant effect...
Keywords/Search Tags:Independent
PDF Full Text Request
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