An Analysis Of The Role Of Independent Directors In The War Between Vanke And Po Neng

From January 2015 onwards,Qian Hai Life Insurance CO.,LTD and Jushenghua which are subordinate to Po Neng began to buy Vanke A.To July 10,2015,The Po Neng Group constitute placards on the Vanke,After then Po Neng is frequently on the Vanke placards,"The war between Vanke and Po Neng" rang the horn.Vanke in order to solve the brutal invasion of Po Neng,brought about a series of self-help behavior,and finally intend to introduce the Shenzhen Metro Group to balance Po Neng.June 16,2016,Vanke held a board meeting,the meeting discussed the introduction of the Shenzhen Metro project.In the meeting of the board of directors,Vanke independent director Zhang Liping proposed due to their own potential conflicts of interest to avoid the vote,which led to Vanke and China Resources between the "denominator dispute",but also arouse the attention of everyone to independent directors,Many people think that the independent director Zhang Liping guilty of "independence is not alone," the taboo,but some people for Zhang Liping correct,that it did not violate the independent directors of the "independence." Vanke independent director of another independent director Hua Sheng,in this incident is called "jump out of the continuous voice",Independent directors Hua Sheng's performance was discussed.Some people think that Hua Sheng's voice leaked the secrets of the company,responsibility should be held accountable legitimacy of its speech;but some people think that Hua Sheng's behavior to maintain the fairness of market information disclosure and protection of the transparency of market information disclosure,Fulfilled the responsibility of being an independent director.The introduction of independent director system in China has been more than ten years' history,and how does it play a role in the management of our company? Is it really what people say "vase directors",nothing else? In this paper,we use case analysis method to analyze the performance and role of Vanke's independent directors in the Vanke's competition.We will take a look at the role of independent directors in China from a case perspective.This article first introduces the concept and development of independent directors,and gives a brief account of the introduction and development of independent directors in China.Then the function of the independent director is introduced.Some scholars believe that the role of supervision and advice is the only function of independent directors.The view of this article is that the independent directors have three functions,namely,supervisory function,consultation function and decision function.This paper holds that the decision-making function is an important function of independent directors.If there is no decision-making function,the advantages of independent directors can not be brought into play.Again,I will do a main brief introduction order to let everyone better understand the competition between Vanke and Po Neng.In this paper,the study of Vanke can be divided into four stages: Po Neng attack Vanke;Vanke fight for supporters;Vanke want and Shenzhen subway reorganization to promote the Union between Po Neng and China Resources.The following will enter the Vanke independent director of the introduction and analysis.During the war between Vanke and Po Neng,there are four independent directors in Vanke,namely: Hua Sheng,Zhang Liping,Hai Wen and Luo Junmei.This article mainly introduces and analyzes the controversial independent director Zhang Liping and Wahson in this event,and analyzes the performance and role of independent director Zhang Liping and Hua Sheng in Vanke's battle.Vanke and Po Neng and independent directors played an important role in the competition between.Vanke's independent director played an important role in the battle of Vanke,and played a great role in improving the company's decision-making level,and supervised the behavior of management and major shareholders,and provided favorable suggestions for Vanke.Independent directors in Vanke play a role and has brought positive results,this paper describes the three results,namely: The competition between.Vanke and Po Neng becomes more transparent;the interests of small and medium shareholders have been protected;the board was not Large shareholder kidnapped.In January 2017,Huarun will be its Vanke shares transferred to the Shenzhen Metro Group,Shenzhen Metro Group by the transferee and become the second largest shareholder of China Vanke;in June 9,2017,Chinese Hengda announced that it will have 1 billion 553 million Vanke A shares transferred to the Shenzhen Metro Group,Shenzhen Metro Group shares held by the transferee Vanke Hengda.To become the largest shareholder of China Vanke;June 21,2017,Vanke announced that the company will be held on June 30 at the annual general meeting of shareholders,The board of supervisors general election,Vanke and announced in the announcement of the board of directors of the candidate list,the candidate list has no Vanke chairman Wang Shi's name.After more than two years of the competition between Vanke and Po Neng finally settled,The competition between Vanke and Po Neng to Shenzhen subway stationed with Wang Shi's "curtain call" for the end.Although the competition between Vanke and Po Neng is over,but the study of the performance of independent directors during this period has far-reaching significance.Through the analysis of the role of Vanke's independent directors in the competition between Vanke and Po Neng,we concluded that the independent directors played an important role in the dispute between Vanke and Po Neng;Public understanding of the independent director system is not deep enough;Hua Sheng is the special existence under China's independent director system.Through the conclusion of the study,the relevant research inspiration,mainly three points,namely: The establishment of independent directors as the crowd said as a mere formality;Independent directors can use their expertise to play a positive role;The difference in the nominated source about independent directors may be one of the factors that affect its role.