Independent Director System Of Listed Companies In China

The independent director system arose from the development of theories and practices of modern corporate governance to introduce independent system into listed company in our country can contribute to establishing a reasonable and scientific corporation administrative structure, preventing internal control and protecting the rights and interests of the medium and small shareholders. Presently, both the legislation and practices of the independent director system are still at the first stage, owing to the defects and problem exiting current independent director system, it can't carried out effectively. So it is impending to protect independent director system in listed company in our country.The thesis focuses on analyses of the independent director system and its implementing quo status, has a view of some relate mature international experience as to independent director system and in combination with the characteristics of our own puts forward several opinions about the perfection of the perfection of the independent director system in our country。 This consists if four parts as follows:Part one introduces the conception of the independent director and analyses its features, and then the author compares the practices of the Independent Director System of our country with those of the foreign countries.Part two focuses on the analysis of the functions of the independent director. The independent director's main function is to supervise the bigger shareholders, The independent director's main function is to supervise the bigger shareholders, the managers and the inside director effectively and to protect the interests of listed companies, especially the interests of the medium and small shareholders through the establishment of constraint mechanism inside the Board of directors. Besides, the representation of all shareholders' interests, especially the interests of the medium and small shareholders and evaluation of the managers and inside directors' work are also the functions of the independent director in our country.Part three analyses the designing and the defect exiting in the...