Study On The Civil Liability Of Independent Director In False Statement Of Securities

With the establishment of securities representative litigation system and the cancellation of criminal and administrative pre-procedures for securities false statements cases,the number of cases in which independent directors bear civil liability for false statements will gradually increase in the future,and the closely related issues of independent directors’ fault identification,independent directors’ liability forms under different faults,and independent directors’ maximum liability limit should receive timely attention.However,compared with more mature countries,our practice experience in the above three fields is still short.By referring to the foreign experience practice in the recognition of civil liability for false statements in independent director securities,our country should focus on the independent director’s diligence and due diligence standard,exemption excuse,tort behavior form,tort liability form,independent director liability insurance system and other aspects to further improve the relevant standards of civil liability for false statements in independent director securities.To better encourage independent directors to actively perform their duties,give full play to their role of supervision and balance,and achieve the goal of protecting the interests of investors.