Study On The Relations Between Independence Director Of Insurance Company And The Performance

In January,2004, the international insurance superintendent association had issued "The Core Principle of Insurance company Management structure ".In April, 2005, the Economic cooperation and the Development Organization have issued "Insurance company Management structure Direction". In 2005, the international insurance superintendent association established the company management structure, reimburses ability, market behavior as the three big props of insurance supervision.In August.2001, our country introduced the independent director system, after the Chinese Supervisory Association Securities promulgated "the opinion of listed Established Independent director System’s Instruction ". The time of the independent director system applies in our country Insurance companies is not to be long, the research of this district is far more few. So this article will focus on this area.First, after simple introduction independent director system’s related knowledge, I will tell you the importance of the independent director system in insurance company. After uncover the situation of the independent director system in insurance company, we will know the aim which our article want to get.Next, build the construction of insurance company’s independent directors govern mechanism and the evaluating indicator system. The government mechanism mainly includes the driving mechanism, the independence and the guarantee mechanism. The evaluating indicator system chooses the net assets returns ratio.Once more, research the optimum value of each characteristic which belong to insurance company independent director. In the base of establishment independent director governs system’s, utilizes the domestic and foreign going on the market Insurance company2003-2009 the actual data, through the distribution series, calculates each average value, the coefficient of variation and so on basic statistics target, carries on the empirical analysis to each target and the company achievements.Finally, proposed that consummates the insurance independent director to govern the mechanism the countermeasure. In the Insurance company independent directors govern the mechanism and in the combination government machine-made empirical study foundation, the union the Insurance company independent directors govern the mechanism existence now the question, from aspects and so on incentive mechanism, independence, guarantee mechanism, governed the mechanism to a nearly step consummation independent director to propose the related policy suggested that to consummate the Insurance company to govern provides the reference.The paper place of innovation:First, from aspects and so on independent director’s incentive mechanism, independence and guarantee mechanism constructs the consummation, the three-dimensional Insurance company independent directors to govern the mechanism, the research is more systematic omni-directionally. Second, early aims at the insurance business specially the independent director governs the mechanism to conduct the system perfect empirical study, and proposed that the Insurance company independent directors govern the mechanism optimization countermeasure, provides the policy-making reference for the related department.