独立性与报酬、知识与信息,谁更重要——基于独立董事监督职能的问卷调查

Which Is More Important,Independence and Compensation,or Knowledge and Information

本文把独立董事的工作看成是一种高认知能力的服务,独立董事能否发挥监督职能取决于他们的决策行为过程。依据决策理论,得出了独立董事要有效地发挥监督作用,需要信息、知识和独立性三个要素的支持;通过对问卷调查结果的分析,还得出独立性并不是影响我国独立董事制度有效发挥作用的最重要因素,相比之下,信息和知识却更加重要;报酬也不是影响我国独立董事的最重要因素,重要的是独立董事获取信息的能力。这些结论有助于我们从新的视角去改进我国的独立董事制度。

The independent directors are considered a kind of service which requires the high cognitive ability. Whether the independent directors can exert their monitoring function depends on the behavioral process of decision making. According to the decision-making theory, we conclude that three elements, information, knowledge and independence, are essential if the independent directors are expected to exert their function effectively. After analyzing the results of the questionnaire, the conclusion is drawn that independence is not the most important element that influences the effectiveness of the independent director system in China. Information and knowledge are more important. In addition, the salary is not the most important element either, and what＇s more important is the independent directors＇ ability to acquire the information. All these conclusions could help to improve the China independent director system from a new perspective.