The Research On The Independent Director System Of China From The Capital Perspective

Started by the United States of the Independent Director System in corporate governance structure of "A binary system" plays the role of the supervisor.And in the "bicameral system"of corporate governance structure in our country also introduced it. According to the views of legal transplantation, there will be a strong motivation in this demand. The opinions are vary about the motives, such as supervising big shareholder, protecting minority shareholders,socializing and so on. However, the author thinks that, the generation and development of capital market in China is the root cause of the Independent Director System been considered in our country.This paper is following the order of:The first chapter is an overview of the Independent Director System, mainly introduced the Independent Director in the history of European,American and China, which is the focus on the relations of the Independent Director System between capital market;The second chapter reviews current research of the Independent Director System, mainly divides into two directions, the main is the legal and economic or management (Accounting) angle. And on the basis, the author questioning the present some general point of view, laying a foundation for the later discussion.The third chapter briefly introduces the capital, capital market.At the same time, capital and the changes of company governance mode is analyzed.The conclusion of analysis is that the Independent Director System is a product of capital market development.The Chapter fourth around the above argument, the author put forward some own opinion for the Independent Director System to improve and develop.