Independent directors is a supervisor, the actual beneficiaries of the anticipated benefits. Their rights contain the implication of fair, objective and independent.Independent director of listed companies selected because of their educational background, high reputation and external resources burdened by themselves. But the lack of legal protection for independent directors. Control related party transactions, major transactions, investment and distribution behavior of independent directors does not have veto power.The independence of the independent directors is the basis of things which related themselves and the protection of the oversight functions of the independent directors. It was elected mechanisms, the interpretation of the concept of independence; number of independent directors in the board of directors, professional competence, the degree of diligence, term of office and the parties’ of independent directors exit anticipation factors, even in theory, considered to have the independence of the independent directors, in practice, it may not be independent. Reasonable remuneration packages and diverse forms of compensation are inevitable requirement for the realization of the right of independent directors’remuneration. Professional committees under the Board is the main form of independent directors exercise, nomination, remuneration and audit committee shall change arbitrarily created to compulsory created, and a majority of the members of each committee shall be independent directors as chairman. China should establish an independent director liability insurance system, and the establishment of Remuneration Payment participation by insurance companies, intermediaries, in order to promote the enthusiasm of independent directors to achieve the right. |