提名委员会制度:美国法的经验与中国法的完善

Nomination Committee System: Experiences from the U.S. and the Perfection of China's Laws

提名委员会已成为完善独立董事制度的重要组成部分在美国得以普及。美国提名委员会制度的价值在于能充分发挥独立董事的作用,避免经营管理层尤其是CEO对董事选任的操纵和控制,提高董事会及公司的治理水平,潜在地提升公司的整体价值。我国的提名委员会制度在设定上和信息披露规则上存在缺陷,导致在避免管理层尤其是CEO对董事选任的操纵和控制上存在弊端,应借鉴美国的经验,在我国公司法中引入董事会专业委员会制度,由证券交易所对上市公司提名委员会的设立、组成及职权做出强制性规定,并由中国证监会出台提名委员会功能及其运作的信息披露规则。

Nomination committees have been ordinarily set up in the U.S., which act as the main part of perfecting independent director institution. Nomination committee system of the U.S. is of advantage to exert the role of independent directors, avoids managers and especially CEOs to dominate and control the election of directors, improves the governance of board of directors and companies, and potentially increases the whole value of companies. Nomination committee system in China has deficiencies, which the experience of U.S. should be used for reference. First of all, professional committees system under board of directors should be provided in the China＇s Company Code. Secondly, Shanghai and Shenzhen stock exchanges should formulate mandatory rules to the establishment, constitute and authorities. Thirdly, China Securities Regulatory Commission should establish rules of information disclosure regarding the function and operation of nominate committees.