On The Problems Of The Independent Director System Of Listed Companies In China And Legal Overcome

Independent Director Institution is the result of centralized lead ship system. From the practical performance of Independent Director Institution in the western countries such as U.S.A and U.K, its implement takes effect on the consummation of Corporate Governance to some extent. According to the actuality of listed companies in our country, China Securities and Exchange Commission introduces Independent Director Institution in order to consummate Corporate Governance, promote the normative operation of listed companies of our country. This essay is designed to make research and analysis from the feasibility, function orientation, and validity of Independent Director Institution. The first part, chapter one, from the introduction of Independent Director Institution, demonstrating the significance of independence of Independent Director Institution concisely. Then, to demonstrate the function orientation of Independent Director system and the necessity to introduction of Independent Director Institution in our country by combing the defects and actuality of listed companies in our country; The second part, including chapter two, three, four, five, is to probe into the institutional environment of the implement of Independent Director Institution in our country and make research into the validity of Independent Director Institution in our country at present by the means of theory analysis and positive research. The result shows that due to the influence of many subjective and practical factors, independent Director Institution doesn't take distinct effect on Corporate Governance and the promotion of corporate performance. So, the essay comes up with some advice to the perfection of Independent Director Institution by referring to the latest theory and practice of Independent Director system. In all, it is a new system in our country, and we should realize that there are many specific aspects in our country, which are different from United States. It is hard for the system to produce instant effect and it is a long way for this system to be mature.