Research On The Influence Of Independent Director System Of Manufacturing Industry On Accounting Conservatism

Since the independent director system has been running in China, conflicts of interest ownership and management of listed companies corporate governance structures that exist due to the separation played a good role in mitigation. It can monitor management to affect the company's financial reporting way for personal gain behavior can reduce agency costs, standardize corporate governance, and reduce operational risk. But in recent years, the independent director system in China operating results of listed companies has been repeatedly questioned the role of the independent directors of listed companies accounting conservatism plays also some less than satisfactory. Although domestic and foreign scholars on the improvement of the system of independent directors of listed companies made a lot of suggestions, but such a specialized independent director system analysis of the many industries involved in the field is very small for manufacturing. In view of this, through the manufacturing system of independent directors of listed companies, revealing independent director system in the operation of the existing problems, optimization proposal accordingly, in order to enhance the system for monitoring the effect of independent directors in listed companies, so as to better enhance the independent directors where the company's accounting conservatism, promote healthy and stable development.Paper on the literature of independent directors of listed companies at home and abroad reading system based on the selected Shenzhen board manufacturing firms as a sample survey, the current situation and problems of the manufacturing sector of independent director system were analyzed further elaborated independent directors relations system and accounting conservatism between optimizing our system of independent directors at the same time pay attention to learn from the experience the United States, Britain, Japan and other developed countries. Combination of the above problems and enlightenment, from sound laws and regulations, improve the governance structure, study professional background, optimizing incentive and guarantee the right to know these five aspects of the construction of the independent director system proposed. Finally, the situation analysis of independent director system Z Company, with proposals to regulate the company's independent director system Z, in order to make the independent director system Z's better to overcome the problems faced in business, to enhance China Listed independent director system of the company on accounting conservatism provide a strong basis.