上市公司独立董事制度设计的合理性分析——基于二元制公司治理模式

The System of Independent Directors of Listed Companies and the Rationality of the Design of Analysis——Based on the Binary System of Corporate Governance Modes

文章通过对监事会和独立董事职能冲突以及现有各国公司治理结构的分析,推导出在二元制公司治理模式下实行独立董事制度的环境要求和独立董事职能不能充分发挥的原因,从而得出我国目前并不适宜引入独立董事制度的结论。同时,在现有立法仍然保留有独立董事制度的前提下,又提出了对独立董事和监事会制度的改革策略,以期实现两者相对协调地发挥其监管职能。

The purpose that the listed eompany introduced the independent director＇s system in China is to remedy insuffieient supervision of the board of supervisors and proteet minority stock holder＇s interests. Imitation introduction of it can dissolve the conflict between the board of supervisors and independent direetor under binary system governs structure. Through analysis on conflict between board of supervisors and independent direetor and company＇s system governs structure in various countries, to derive out the reason that the independent direetor＇s function cant be fully display and the environment demands to implement independent direetor＇s system under the existing structure, thus draw the conclusion that it is not suitable for introducing the independent director＇s system at present in China. At the same time, base on the existing legislation keeping independent direetor~ system , the writer puts foward to reforming strategies about the system of independent direetor and the board of supervisors, in order to display their supervision functions of them coordinated relatively.