独立董事创新机制的研究

Research on the Innovation Mechanism of Independent Directors

本文认为,企业在不同的环境、不同的发展阶段及不同的战略中,应有内外部不同的独立董事机制,以降低企业在运营过程中的决策风险。针对当前独立董事机制实际运行过程中存在的诸多缺陷,如股份公司商业逻辑不清晰,决策层、执行层、监管层界限不明,公司信息不对称或披露不及时,独立董事产生机制、激励机制不能有效保护股东利益等,文章提出必须建立独立董事市场化模式,将之推向市场,促使独立董事职业化;建立有效激励机制,明确独立董事的权利和责任,责权分明,与薪酬挂钩;建立简单、准确、可操作性强的独立董事评价体系,确保激励机制正常作用的发挥。

The author points out that, to lower the decision risk in operation, the enterprises should have different internal and external independent directors mechanism in different situations, development stages and strategies. The author gives some suggestions to help solve the problems arose in the course of operation, such as the problems of the ambiguous border among decision-makers, executives and supervisors, the asymmetric information and the information not disclosed in time. These suggestions include： first, set up the marketization mode for the independent directors, and make the independent directors to be professional; second, build an effective incentive mechanism; and third, set up an evaluation system.