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An analysis of the characteristics of Chinese listed companies’ independent director system

Abstract

From three different perspectives, namely, the basic characteristics of independent directors, the percentage of independent directors on board and its relation to company performance, and the remuneration for independent directors and its relation to company performance, we could summarize implementation characteristics of the independent director institution in China: the age distribution of independent directors is relatively even and the majority of them are academic staff and researchers with business administration backgrounds; a positive relationship between the independent director’s remuneration and company performance, as well as between the number of independent directors on board and the company performance.

摘要

从独立董事的基本特征、独立董事占董事会比例及其与公司绩效的关系、独立董事薪酬特点及其与公司绩效的关系等方面对该制度的实施情况进行分析, 可 总结出我国上市公司独立董事制度的实施特征, 即独立董事年龄分布均 匀, 大多数有经济맜理研究背景, 独立董事的薪酬同公司绩效联系紧密, 独立董事数量同该公司效益成正相关。

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Correspondence to Jinsong Tan.

Additional information

Translated from Guanli Shijie 管理世界 (Management World), 2003, (6): 110–121

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Tan, J., Li, M., Li, W. et al. An analysis of the characteristics of Chinese listed companies’ independent director system. Front. Bus. Res. China 1, 456–481 (2007). https://doi.org/10.1007/s11782-007-0027-7

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Keywords

  • listed companies
  • independent directors
  • characteristics of independent directors
  • remuneration for independent directors
  • company performance

关键词

  • 上市公司
  • 独立董事
  • 独立董事特征
  • 独立董事薪酬
  • 公司业绩
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