Independent Director System Of Listed Companies In China

Independent Director System is an important part of Corporate Governance. This system was introduced in the countries of one orientation corporate governance mode .Being two orientation corporate governance structure, China has also applied this system, and have to deal with contradiction of independent director system and the two orientation corporate governance structure. Additionally, there are many problems in governance of China's Listed Companies, while these defects can just be covered by independent director system. Therefore, both the theoretical value and practical significance exit in applying the independent director system.In Chapter one, I discuss the historical background and legislative history of Anglo—American countries and China.In Chapter two, I analyze the necessity of applying the independent director system. Firstly, I compare the different roles positioning and legal function of Anglo—American countries and China, so as to reflect the special mission of this system in China; Secondly, I explain that the independent director system can constraint the power and solve the defects in corporate governance of China's listed companies.In Chapter three, I demonstrate the feasibility of the independent director system. Firstly, I conclude the successful experience more than 60 years since this system was created in Anglo—American countries, which can be a good example for China; Secondly, I list several countries, which has also applied this system, to prove the transplantation of the independent director system. Lastly, I focus on how to deal with the relationship of the independent director system and the Board of Supervisors.In Chapter four, through the comparison of the independent director system of China and abroad, I propose some suggestions to perfect this system, including, we should enhance the independence, pefect the Incentive Pay System, Power Mechanism, Accountability Mechanism.