我国独立董事薪酬机制研究

On China's Independent Director Salary System

在我国 ,由于欠缺声誉机制的激励作用 ,独立董事的薪酬机制对独立董事能否在公司治理中有效发挥作用就具有重要影响。本文把独立董事的薪酬问题看作是一种市场交易过程中的均衡价格的形成问题 ,并从市场的角度 ,探讨了我国独立董事的薪酬形成机制。本文分析了我国独立董事薪酬偏低的原因 ,并且认为 ,通过对我国独立董事的薪酬进行结构调整 ,提高独立董事的薪酬水平 ,才能起到改善我国上市公司治理结构的目的。

In China, in default of the reputation incentive system, the salary system for independent directors plays an important role in improving corporate governance. In this paper the salary system for independent directors is thought of as an issue of the formation of equilibrium price in the process of market transaction. In terms of market transaction, the paper makes a probe into the formation of our independent director mechanism and gives the reasons why our independent director salary is on the low side, holding that only if by restructuring the salary system, can our corporate governance structure be improved.