A Study On Regime Of Mutual Fund Independent Directors

As the core of mutual fund governance structure, independent directors play a critical role in protecting the interests of mutual fund investors. Independent directors indeed are the investors' "watchdogs" charged with vigilantly protecting the interests of fund investors. For that, independent directors must actively participate in fund oversight, challenge fund management where appropriate, and critically review compliance laws and procedures. For the sake of supervision and balance between parties of security investment funds, independent directors regime should be built and perfected in China based on the previous experiments of the forthgoer. This thesis consists of three chapters. The first chapter is summary on the development history of mutual fund governance structure and the independent directors regimes. Base on that comparatively study , the author suggests that the independent directors regimes have a effect function of supervision and balance. The following chapter mainly studies several basic legal problems of mutual fund independent directors regime, especially how to define and ensure the independency of independent directors. In the last chapter, the author put forward feasible proposals for the improvement and perfection of legislation for independent directors regime of security investment funds in China.