Title: On Necessity of the Association of Independent Directors in China
Abstract: The independent director system was introduced by the China Securities Regulatory Commission in 2001,as a supervision and management system to companies.It is an important safeguard against the interests of the shareholders.However,since the independent director system took effect,whether the independent directors can play theirs due roles has always been the focus of debate.This paper proposes and discusses the necessity establishing a special organization-the Association of Independent Directors,and concludes that it is vital to establish independent director associations which suit for Chinese modern enterprises' characteristics.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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