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The Research Of Independent Director Systems About Fund Company In China

Posted on:2012-10-11Degree:MasterType:Thesis
Country:ChinaCandidate:H J QiangFull Text:PDF
GTID:2216330338971748Subject:Economic Law
Abstract/Summary:PDF Full Text Request
China's current laws and regulations about the independent director systems research design is the result of transplant the Britain, and the combination of the relevant national system about our country's actual conditions. The systems of independent director is perfect, it is the important symbol to governance the fund company of our country, and it is very important to protect the interests of investors, promote the sustainable and healthy and stable development of the social.At present, our country use the independent director systems to governance the fund company, its effect is quite obvious. The independent directors play important roles in the fund company. But, because of some various factors, the operation about the independent directors in China fund company is not satisfactory, especially the China's laws and regulations related fund for independent director's are broadly and sweeping, leading to still cannot achieve the desired effect in practice, it impede the independent directors of real role play. Independent director systems in the fund company is the inevitable requirement of market economic development, it need to do further theoretical discussion to how to further perfect the systems of independent directors. Currently, studies about the situation of the independent director systems research abroad, represented by America have relatively mature, and in domestic to its research has not yet reached an agreement, with the implementation of independent director of localization in the process also exists many problems must be enacted laws are regulated.In this paper, the author tries to from the system of independent directors from theory basis of the information economics, with the help of two rights separation theory, the principal-agent theory and asymmetric information theory, using theoretical analysis and empirical analysis, combining the abroad research with the domestic research, compared with interdisciplinary and jurisprudence analysis method of combining the comprehensive analysis of inquiry, through independent director of fund company establishment, independent director's characteristics and functions, independent directors operation status, etc., in depth the analysis and research .Take example by the governance structure in the United States ,Germany, Japan and other developed countries from independent directors fund, in combination with the successful experience of the specific conditions and characteristics of the development of funds, in order to seek a rich Chinese characteristic independent director development road.The independent director systems in the fund company itself belongs to historical category, it is the gradual category in the specific historical process of gradual function, independent director systems and the formation of the development also have to undergo a gradual process of history, China's fund company system of independent directors is still in the early stage. "Way streched endless ahead, we will from head to foot," as long as we combined the national actual condition, and learn the successful experiences of developed countries, the Chinese characteristic fund company independent director system will be gradually developed mature.
Keywords/Search Tags:Fund company, Independent directors, Principal-agent theory, independence
PDF Full Text Request
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