Researchonthe Independence Of Independt Director In Chinese Listened Companies

The independent director's supervision and protection function is based on independence.Independence include will,independence and exercise independence,Will independence need the independence of the qualification,the independence of the procedure,and the independence of the economic interest.Although our country requires listed companies to set up independent directors,It is mainly due to the need for independent directors to have supervision and protection functions and to improve the level of corporate governance.However,in light of the actual cases,the usefulness of independent directors has not been highlighted in practice,and the phenomenon of "mute directors" has been serious.The main reason is due to the lack of will independence and the independence of exercise.The main problems affecting the lack of independence of independent directors in China can be attributed to the irrationality of the provisions of the nominating subject,the irrationality of the remuneration provisions and the irrationality of the proportion of seats.Because these three aspects do not integrate with reality.The independence of procedural independence of independent directors,the independence of economic interests,and the independence of exercise rights are affected,which hinders the independence of independent directors and exercise of their rights.In order to give full play to the usefulness of independent directors and strengthen the independence of independent directors,the author,on the basis of the provisions on the independence of the independent directors of the United States,put forward specific suggestions for the lack of the above three aspects.Including the association of listed companies to be responsible for the nomination of independent directors,strengthening the independence of independent director nomination procedures;designing an incentive compensation system with certain stock options of independent directors to strengthen their independence in economic interests;expanding the position of independent directors The proportions strengthen their independence in exercise.Through the improvement of the above-mentioned three aspects,with a view to strengthening the independence of independent directors and highlighting the value of independent directors.