Title: Design Principles and Institutional Construction in Independent Director System in China
Abstract: There are presently many problems in director in China; in most enterprises, it has become a mere formality, the fundamental reason being lack of laws and regulations. A perfect director system is essential to the success of an enterprise. Therefore, in future construction of director system in China, we should: 1. amend the Corporation Law, identifying the set-up, status and function of director; 2. have the Regulations on Independent Director Behavior formulated by the State Council; and 3. establish the independent director association by the authorization of the government, coordinating and managing director from outside the enterprise.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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