On Civil Liability Of Independent Directors In China

The independent director system is a major measure to improve the corporate governance.Supervision and consultation is the basic function of the independent director.In recent years,with the booming of economy,the security market is facing new opportunities and challenges.In the era of dispersed ownership,the power of large shareholders is diluted,and the rights consciousness of minority shareholders is waken up.All these indicate the increasing legal risk of independent directors.How to protect the civil liability of independent directors in a high-risk corporate governance mode is a problem we need to consider.The text contains four parts.The introduction begins from three aspects: research background,research perspective,research significance.The introduction of the introduction mainly introduces the problems existing in the field of civil liability of independent directors,so as to make clear the direction and key points of research and the text structure of this article.The first part introduces the background of the independent director system in China.Through this chapter,we can observe the necessity of the independent director system in China.The second part,analyzing the classification of independent directors' responsibility and clarifying the scope of the civil liability of independent directors,which has an important theoretical role in defining the civil liability of independent directors.The third part mainly introduces the status and development of the civil liability of independent directors,and analyzes the new developmentand existing problems of the civil liability of independent directors under the current corporate governance environment.The fourth part,suggestions on the civil liability of independent directors in China,including the insurance of directors' liability and the exemption of directors' responsibility.The author also puts forward to some legislation proposals to establish the Independent Directors' Association in China.