独立董事与公司治理:理论、经验与实践

独立董事在董事会成员中所占的比例数在很大程度上反映了公司董事会的独立性特征。有观点认为 ,独立董事制度为公司的权益资本和管理雇佣契约提供了更为安全的治理措施。经验分析表明 ,目前实行的独立董事制度并没有发挥真正的效用。政策制订部门的当务之急就是协调监事与独立董事之间的功能冲突 ;同时 ,注意治理机制的互补作用 ,打造独立董事市场 ,发挥声誉机制的作用 ,并强化立法的质量与增大执法的力度。

Research on the Accountability of Natural Monopoly Enterprises and Improving of Financial Reports

The percentage of independent directors in the board of directors reflects board's character of independence.Some scholars consider that independent directors provide the safer governance measures for ownership and contract of employment.The empirical analyses on China PLC indicate that independent directors don't play function completely.It's urgent for policy makers to harmonize the function conflict between supervisors and independent directors.At the same time,it is important to pay attention to complementary effects between governance mechanisms,establish markets of independent directors,exert mechanism of reputation,improve quality of legislation and enforce execution of law.